Italian deep‑tech startup PhotonPath, founded in 2019 as a spin‑off from Politecnico di Milano and backed by several European investors, was acquired in full by US‑listed company Ciena. The deal, whose financial terms were not disclosed, marks a new development phase for the Milan‑based photonics company, which will keep its staff and headquarters in Italy.
Claret Capital announced the closing of a €575 million fourth debt fund, targeting European startups that are often overlooked by traditional lenders. The fund will expand the firm’s venture‑debt offering across the continent, helping founders secure growth capital without diluting equity.
Swedish skier and influencer Jon Olsson founded the bag brand Db in 2011. In 2024, the French luxury conglomerate LVMH acquired the company. Olsson later said he sold too early and would have earned hundreds of millions had he stayed.
Swedish skier, influencer and entrepreneur Jon Olsson founded the bag company Db in 2011. In 2024 the French luxury group LVMH acquired the company. Olsson said he sold far too early and would have earned several hundred million euros if he had stayed.
Swedish investment fund Industrifonden, the biggest shareholder of digital reading platform Nextory, said it was very satisfied with the company’s sale, which is estimated to have been valued at around 150 million SEK.
Waymo will begin testing its robotaxis in Munich in the coming weeks and aims to start a passenger‑free autonomous taxi service by late 2027, after securing permits with German authorities. The move follows the creation of subsidiaries in France, Spain, the Netherlands and Switzerland and precedes a planned public launch in London.
Studentapan, founded by Philip Axelsson after experiencing high textbook costs as a student, has grown into a profitable e‑commerce business and has now been sold for more than 150 million kronor, while its profit continues to rise.
Ellos saw 64 million SEK of its shares traded after its recent IPO, including a 44 million SEK support purchase by Danske Bank, which can no longer buy additional shares.
Blue Prism, a robotic process automation startup founded in 2001 in Warrington, UK, was bought by US software firm SS&C Technologies in 2022 for about $1.6 billion, turning the company into a multi‑billion‑dollar business originating from a small European city.
Yubico reported higher sales and a significant profit increase in Q2, marking a milestone collaboration with OpenAI.