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  • 🚀 Europe's Tech Funding Rollercoaster 🎢

🚀 Europe's Tech Funding Rollercoaster 🎢

PLUS: Wednesday Wires 💰

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Hi Everyone. This is Take Off. We're like a hidden Easter egg in your favorite video game - surprising, delightful, and adding an extra layer of fun to your tech news consumption.

Here's what we're serving up today:

  • Europe's Tech Funding Rollercoaster 🎢

  • Asteroids ☄️

  • Trending Tools ⚒️ 

  • Wednesday Wires 💰

Europe's Tech Funding Rollercoaster 🎢

Europe's tech scene lately seems like it's on a rollercoaster designed by a mad economist.

First off, venture capital investments have taken a nosedive – we're talking a 50% plunge in 2023. It’s gone from splashing $82 billion in 2022 to a more modest pool of $45 billion this year.

Credit: Financial Times

But don't go thinking it's all doom and gloom. Amidst this budget diet, AI stood out like a neon sign in a power outage. Mega funding rounds are the norm here, with companies like Aleph Alpha, Mistral, and DeepL raking in the big bucks.

On a global scale, Europe's doing a bit of a humblebrag. While the U.S. and China have seen their venture funding shrink, Europe's tech investments have grown by 19% since 2020. It's like Europe is the cool, resilient cousin at the family reunion.

However, it's not just AI stealing the limelight. Climate tech is also having a moment, accounting for a whopping 27% of all capital invested in European tech this year. Seems like saving the planet is finally getting the financial love it deserves. 🌍💚

But, the IPO window in Europe is as open as a locked treasure chest! With virtually no significant IPOs this year, the stock market's been as quiet as a library during finals week with M&A activity snoozing at $36 billion.

Even Arm's U.S. listing couldn't stir up enough excitement to open the IPO floodgates.

So, as we wade through the ebb and flow of tech investments, one thing's clear: the European tech landscape is like a dramatic TV series - full of twists, turns, and the occasional cliffhanger.

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☄️ Asteroids ☄️

Amazon's just launched a new AI chatbot, Q, for AWS users. It offers smart solutions and actions, integrating with apps like Salesforce and Jira. Talk about having a digital genius! 🤖💡

Apple is reportedly moving toward ending its partnership with Goldman Sachs. The iPhone maker sent a proposal to Goldman Sachs asking to terminate their partnership within the next 12 to 15 months. 🍎❌ 

Heads up, Google users! Sign into inactive accounts before the end of the week to avoid deletion under Google's new policy. 🚨📲

⚒️ Trending Tools ⚒️

📈 Feedspace - Organic Growth Booster For Your Business

🤑 ParsersVC - Predict Investments and Venture Matching

🧾 Kipe - Efficient accounting made easy

🔮 Fortune - AI accounting software for business decision making

💰 Wednesday Wires 💰

Pika raises $55M for its AI video-editing platform, bringing tools like style transformation and video extension to the creative scene! 🎥🤖

NXTP's new $98M fund boosts Latin America's startup scene, focusing on B2B tech and cloud ventures. Exciting times for the region's growing ecosystem! 🌎💡

Lassie, the pet health app, fetches €23M in Series B funding for expansion and product development. Pawsome growth for our furry friends! 🐾💻

📰 Recommended Reading 📰

1/ Learn how to maximize your credit cards and travel in style. Click here to subscribe.

2/ The Bay Area Times is the visual daily newsletter on business and tech. Click here to subscribe.

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