Binance CEO Changpeng Zhao resigns and admits Guilt in Money Laundering Case

Changpeng Zhao, founder and CEO of Binance, the world's biggest cryptocurrency exchange, has resigned from his position and admitted to violating US anti-money-laundering regulations, agreeing to a settlement of $4.3 billion.

United States

Binance CEO Changpeng Zhao resigns and admits Guilt in Money Laundering Case

United Kingdom

Magic ID, a Startup specializing in Digital Identity Verification secures €350K for UK and EU Market Expansion

Magic ID, a London-based platform enhancing trust in business-individual interactions, has raised €350K in a pre-seed funding round. SFC Capital and Presto Ventures led the investment, with SFC Capital contributing €175K, Presto Ventures investing €120K, and an additional €55K from unnamed angel investors.

United Kingdom

Visual AI Startup SeeChange Technologies from UK secures €9.1M for enhancing Safety and Intelligence in Retail Stores

SeeChange Technologies, based in Manchester and specializing in AI for global retail, has raised £8M (around €9.14M) in its Series A funding. Leading the investment was TriplePoint, alongside new backers such as Runa Capital and True Capital. Crane Venture Partners, an initial investor, also contributed to this round.

France

Newheat from France secures €30M Investment for Decarbonization of major Industrial Locations and District Heating Systems

Newheat, a supplier of renewable heat based in Bordeaux, France, has announced the successful acquisition of €30M in funding. This round was led by SWEN Capital Partners through its SWEN Impact Fund for Transition 2 (SWIFT 2) strategy.

Netherlands

RespiQ from Netherlands obtains €4M from EIC for enhancing Care of COPD Patients

On Monday, November 20, Leiden-based health tech startup RespiQ announced receiving a €4M grant from the European Innovation Council (EIC).

Netherlands

RanMarine Technology from Rotterdam set for Nasdaq Stock Exchange Listing

Rotterdam's RanMarine Technology, specializing in industrial autonomous surface vessels (ASVs), announced on Friday, November 17, its intention to launch an initial public offering (IPO) on the Nasdaq Stock Exchange. WallachBeth Capital will manage the IPO.

Netherlands

TIIN Capital initiates new €100M Cyber Tech Investment Fund

The Dutch venture capital firm TIIN Capital has successfully achieved the first closing of its fifth Tech Fund, named European Cyber Tech Fund V, aiming for a total fund size of €100M.

Netherlands

VivArt-X from Netherlands secures €660K Funding for enhancing Women’s Health after Breast-Conservation Surgery

VivArt-X, a startup based in Eindhoven dedicated to enhancing the quality of life for women post-breast-conservation surgery, has raised €660K in pre-seed financing. This investment will further the development of their biodegradable biomaterial designed for human tissue regeneration.

United States

Emmett Shear named new CEO of OpenAI

Turbulent times at OpenAI: Following a board decision, former Twitch leader Emmett Shear takes over as CEO. Sam Altman, parting ways with the company, establishes a new AI venture.

United States

Sam Altman, CEO of OpenAI ousted by Board of Directors

OpenAI announced on their blog post on Friday afternoon that their Board of Directors has decided to remove Sam Altman from his role as the company's chief executive.

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Netherlands

Binance CEO Changpeng Zhao resigns and admits Guilt in Money Laundering Case

Binance CEO Changpeng Zhao resigns and admits Guilt in Money Laundering Case

Magic ID, a Startup specializing in Digital Identity Verification secures €350K for UK and EU Market Expansion

Visual AI Startup SeeChange Technologies from UK secures €9.1M for enhancing Safety and Intelligence in Retail Stores

Newheat from France secures €30M Investment for Decarbonization of major Industrial Locations and District Heating Systems

RespiQ from Netherlands obtains €4M from EIC for enhancing Care of COPD Patients

RanMarine Technology from Rotterdam set for Nasdaq Stock Exchange Listing

TIIN Capital initiates new €100M Cyber Tech Investment Fund

VivArt-X from Netherlands secures €660K Funding for enhancing Women’s Health after Breast-Conservation Surgery

Emmett Shear named new CEO of OpenAI

Sam Altman, CEO of OpenAI ousted by Board of Directors

The best Articles in our Network

Axelera AI raises €61.6M Grant to advance AI Chiplet Development for Supercomputing

Alternative Startup Funding: Grants, Crowdfunding, and Revenue-Based Financing

IDnow acquired by Corsair Capital in €273M Deal to expand Identity Verification Services

CollX secures $10M to expand AI-Powered Trading Card Marketplace

Renaissance Fusion secures €32M to simplify and scale Stellarator Fusion Reactors

Ataraxis AI secures $20M to reduce unnecessary Chemotherapy with AI-Powered Cancer Predictions