Antibody-drug conjugates, cyber defense, Europe's historic AI act, XPrize Quantum competition, and many more...
What's Up Tech? #174
Welcome to our 174th newsletter, written with 🖤 by Justine Pelisson.
Fundraisings from last week with Tubulis, PPRO, Eye Security, and TheyDo
News from last week with the XPrize Quantum $5M Competition and Europe’s historic adoption of the AI act
Internships & Job offers of the week
Enjoy the read! 🌞
💉 Tubulis raised €128M to advance game-changing cancer treatments (🇩🇪)
Tubulis, the German biotech known for its advanced Antibody-Drug Conjugate (ADC) platform focusing on improving ADC durability and effectiveness for cancer treatment, just secured €128M ($138.8M) in a Series B2 round. 💊
Set to commence clinical trials this year for its ADC programs, the funding aims to enhance ADC durability and expand payload innovation, with strong preclinical results paving the way for clinical proof-of-concept. 🪄
💳 PPRO secured $85M to fuel global payment solutions expansion (🇬🇧)
PPRO, the London-based payments platform known for providing local payment infrastructure solutions to facilitate seamless and secure transactions globally, has raised $85 million in funding. 💰
The funding will be used to further expand PPRO's global presence, invest in research and development, enhance their technology infrastructure, and explore potential strategic acquisitions or partnerships to bolster their payment offerings and capabilities. 🚀
🛡️ Eye Security raised $50M to safeguard European businesses from cyber threats (🇳🇱)
Eye Security, a Dutch cybersecurity startup known for providing enterprise-level 24/7 cyber protection, incident response, and cyber insurance to mid-market businesses across Europe, just raised $50M. 💼
The investment fuels expansion across Europe, enhancing cybersecurity solutions for mid-market businesses and ensuring compliance with upcoming EU directives. 🌐
Eye Security Secures €36 Million in Series B funding to Reinvent Cybersecurity across Europe
🤝 TheyDo secured $34M to propel journey management revolution (🇳🇱)
TheyDo, an Amsterdam-based pioneering Journey Management platform, secured $34 million in funding, fueling product development, US expansion, and community engagement. 💥
With global brands like Cisco and Ford onboard, TheyDo champions the journey-centric approach to organizational transformation, bridging the gap between customer experience and business strategy. 🎯
TheyDo Raises $34M to End the Need for Multi-Million Dollar Transformation Programs
💡 XPRIZE, Google, and GESDA launch $5M quantum applications competition
XPRIZE, Google, and GESDA have teamed up to initiate a 3-year, $5 million global competition called XPRIZE Quantum Applications. This groundbreaking initiative aims to harness quantum computing to accelerate solutions addressing the UN's Sustainable Development Goals (SDGs). 🔬
The competition invites teams to propose quantum algorithms for real-world challenges, fostering innovation in fields like drug discovery and sustainable technologies. Led by visionary leaders, this collaboration seeks to unlock the transformative potential of quantum technologies for the benefit of all. 🌍
Google, GESDA and XPRIZE launch New Competition in Quantum Applications
🤖 EU passes historic AI act: balancing innovation and protection
The European Parliament has approved the EU AI Act, marking a significant milestone in regulating artificial intelligence. Designed to safeguard citizens while fostering innovation, the Act adopts a risk-based approach, imposing stricter regulations on high-risk AI systems like OpenAI's ChatGPT. Despite intense lobbying, the EU stands firm, aiming for a balanced, human-centric development of AI. ✍️
European Parliament Approves World’s First Comprehensive AI law
Internships
VC Analyst - 50Partners Health (Paris)
VC Analyst - One Green (Paris)
VC Analyst - Eurazeo (London or Paris)
Jobs
Tech VC Analyst - Elaia (Paris)
Investment Analyst - MacCap Venture Capital (Berlin)
Venture Capital Business Development Manager - Google (London)
👉 If you’d like to discover more offers, you can check our job board just here or fill this form to submit a new one.
You can also read more about baby vc on our website and follow our updates on LinkedIn, or directly reach out to us at hello@baby-vc.co! 🤝
The whole baby vc crew 🖤