Luminar CEO Austin Russell steps down following Ethics Inquiry

Austin Russell, the billionaire founder of lidar startup Luminar, has stepped down as CEO and board chair following an ethics investigation by the company’s audit committee. The announcement was made the same day Luminar released its Q1 earnings report.

United States

Luminar CEO Austin Russell steps down following Ethics Inquiry

Spain

Xoople emerges from stealth with €115M to redefine Earth Intelligence through AI and geospatial data

Barcelona-based deeptech company Xoople has officially launched out of stealth mode with €115 million in total funding to fuel the development of its Earth Intelligence platform, EarthAI.

United States

Chime takes leap toward public markets with IPO filing and $33M Dallas Mavericks deal

Digital banking platform Chime has officially filed its S-1 to go public, marking a significant milestone for the company after a confidential filing late last year.

Netherlands

MX3D from Amsterdam lands €7M to scale robotic metal 3D printing technology

Amsterdam-based MX3D has secured €7 million in a Series A funding round to boost the global rollout of its robotic metal 3D printing systems.

Canada

Robinhood to acquire WonderFi for $250M CAD in major Canadian crypto push

Robinhood Markets is making a bold move into the Canadian crypto space by acquiring Toronto-based WonderFi for approximately $250 million CAD.

Canada

Tentree spinout Veritree secures $9.1M CAD Series A to scale nature restoration tech

Vancouver-based cleantech startup Veritree, originally spun out from sustainable apparel brand Tentree, has raised $9.1 million CAD ($6.5 million USD) in a Series A round.

Spain

Madrid’s Room00 lands €400M to expand its lifestyle hospitality brand across Europe

Madrid-based urban hospitality platform Room00 has secured a €400 million investment from U.S.-based King Street Capital Management.

Sweden

Sweden’s Lignin Industries secures €3.9M to scale sustainable plastic alternatives

Swedish greentech startup Lignin Industries has raised €3.9 million in a fresh funding round to advance its commercialisation and scale its eco-friendly thermoplastic alternative.

Canada

Biotech startup Intrepid Labs emerges from stealth with $15.4M CAD to transform drug formulation using AI and robotics

Toronto-based biotech company Intrepid Labs has officially exited stealth mode, announcing $15.4 million CAD ($11 million USD) in funding to modernise drug formulation through machine learning and robotics.

Finland

Foodiq from Finland secures €10M to scale next-gen food manufacturing tech globally

Helsinki-based food tech startup Foodiq has secured €10 million in fresh funding to accelerate the international expansion of its proprietary food manufacturing technology, the Multi-Layer Cooker (MLC).

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Luminar CEO Austin Russell steps down following Ethics Inquiry