How Acoru’s Pre-Emptive Fraud Detection Platform Secured €10M to Combat AI-Powered Financial Crime
Spanish Cybersecurity Innovator Raises Major Funding Madrid-based cybersecurity platform Acoru has secured €10 million in Series A funding to advance…
Tag: Euro
Eurostar’s Double-Decker Fleet Marks New Era in Cross-Channel Rail Capacity
Historic Order: 30 Double-Decker Trains to Transform Eurostar Operations Eurostar has committed to a transformative €2 billion investment in 30…
London FinTech Saturn Secures €12.9M to Revolutionize Wealth Management Through AI-Powered Compliance
Breaking Down Barriers in Financial Advisory London-based AI technology company Saturn has successfully closed a €12.9 million Series A funding…
Saros Consulting’s €8M Global Expansion Strategy to Double Workforce by 2027
Strategic Investment Fuels International Growth Dublin-based IT consultancy Saros Consulting has announced an ambitious €8 million investment plan that will…
German InsurTech Enzo Secures €4 Million to Combat Water Damage with AI Sensors
Enzo, a German InsurTech developer, has closed a €4 million Seed extension to tackle water damage using novel IoT sensors and AI. The funding will support technology development and international expansion, with the solution reportedly reducing insurer claim costs by up to 70%.
Funding Boost for Water Damage Prevention Technology
Heidelberg-based InsurTech startup Enzo has secured a €4 million Seed extension round, bringing its total Seed funding to €6.2 million, according to reports. Sources indicate the fresh capital will accelerate development of Enzo’s AI platform, expand insurer partnerships, and prepare for international market entry.
Kering Divests Beauty Unit to L’Oréal in €4 Billion Strategic Shift
In a major strategic reversal, Gucci owner Kering is divesting its beauty division to L’Oréal for €4 billion. The deal includes Creed fragrance and future rights to develop products under Kering’s luxury fashion labels through a long-term license agreement.
Strategic Divestiture Amid Leadership Transition
French luxury conglomerate Kering has agreed to sell its beauty division to cosmetics giant L’Oréal for €4 billion, according to reports. The transaction represents the first major strategic move by new chief executive Luca de Meo, who took leadership less than two months ago and is pivoting away from his predecessor’s expansion strategy in beauty and cosmetics.