Kai Nicol-Schwarz

Swedish gigafactory company Northvolt's bankruptcy last week rounded off a gloomy year for many of Europe's deeptech darlings.

The move follows a turbulent few years at the loss-making business Second Home, the iconic London-founded coworking company, has applied to appoint administrators, according to court records accessed via Caseboard.

Driven by research breakthroughs and increasing commercial interest, investor confidence in quantum has surged in recent years

Balderton Capital, Jigsaw and Episode 1, as well as professional footballers Harry Maguire and Reece James, also backed the UK startup

Sifted dug into the data to see which are making the most direct investments into the sector

DeepLife is building a platform to create "digital twins" of cells GenAI drug discovery startup DeepLife has raised a $10m Series A as it prepares to expand to the US.

Revenue has also dropped following a bruising couple of years for the insurance industry

21 healthtechs made it onto the Sifted 250 Twenty one healthtechs featured on the Sifted 250 — a ranking of the 250 fastest-growing tech companies in Europe by historical revenue figures.

Cases alleging AI companies have trained their models on intellectual property without permission are stacking up

The announcement comes a month on from the startup's $75m raise