As Elon Musk was saluting Donald Trump in the US Congress yesterday, the South African’s divisive politics were opening new doors to his business rivals in Europe. Musk’s role in the White House had already been linked to Tesla sales and stock tanking. Now, the repercussions appear to have spread to SpaceX. The fallout centres on the company’s Starlink satellite internet service. The network has provided a vital communications system to Ukraine’s military since Russia’s full-scale invasion began in 2022. But concerns are now growing that the service could soon be disrupted. According to Reuters, US officials recently raised the…

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Hospitality scaleup Mews, based at TNW City in Amsterdam, has secured $75mn in its third major cash injection of the last year. The round follows a raise of $100M in credit financing in September and a $110mn equity round in March 2024 — when the startup became a unicorn. In total, Mews has bagged over $500mn to date, making it one of the Netherlands’ most cash-flooded scaleups. Mews was founded in 2012 by Richard Valtr, an ex-hotelier on a mission to transform the way hotels do business. “Digital transformation is challenging for many hospitality brands because too many run their…

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Fintech startup Cino, a TNW community member, has secured €3.5mn for its shared payments app that lets friends and family pay together.  Cino is designed for tech-savvy Gen Z’ers, who expect to split bills instantly and effortlessly together without “financial awkwardness,” the company said. Unlike payment request apps like Tikkie — ubiquitous in the Netherlands — Cino splits bills in real-time, so you don’t have to chase down your mates to cough up on that exorbitant sushi bill you covered last week.       Cino is available across the EU but, fuelled by fresh funding, the startup will now expand to the UK.…

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The obscure world of quantum computing is emerging from the lab and into the public domain — fuelled by Big Tech’s recent progress in quantum processors. In the past few months alone, Google launched a chip called Willow, Microsoft unveiled Majorana, and this week, Amazon revealed Ocelot.  While tech giants are making great strides, these companies are still working in dozens of qubits — far from the numbers needed for a practical quantum computer. QuantWare, a startup from the Netherlands, could help them unlock millions more. QuantWare claims to have created a 3D chip architecture that offers the fastest route…

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It’s no secret that European tech has a gender equity problem. Men dominate the leadership of most companies in the sector. Women founders struggle to raise VC money, and there’s a stark pay gap between male and female workers. This gender imbalance is especially glaring in the STEM-dominated world of deep tech.  Women lead just 22% of European deep tech companies, according to a new report from the EU-funded GENDEX project, released today. Securing funding remains a challenge, with women-led firms taking six months longer to sign their first term sheet. Over the past decade, women-led companies raised 1.8 times…

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