London-based European Technology Network has raised $1.6 million from investors and is planning an expansion, reports Dominic-Madori Davis of TechCrunch.
Madori-Davis reports, “On Monday, the network announced a $1.6 million seed round from top players in the media ecosystem, including Powerhouse Capital, Axel Springer SE (which owns Business Insider and Politico), one of the co-founders of the popular media publication LadBible, and angel investors from OpenAI and DeepMind. With this fresh capital, the network is announcing its largest expansion yet.
“It’s now moving into a big studio in Kings Cross (where all the hot London AI startups are situated), expanding the team (right now of just eight), launching a newsletter, and is, starting today, moving into a five-day-a-week live show schedule, which will soon see Knight and Chambers interview the likes of George Robson (a partner at Sequoia) and Rishi Sunak (former UK Prime Minister and senior advisor to Anthropic and Microsoft).
“Speaking to TechCrunch, Knight and Chambers said ETN has already become a hot stop on the press tour for European startups — they’ve spoken to the founder of Synthesia, the CFO of Legora, the founder of Granola, and Kanishka Narayan, the UK’s first AI Minister. They’ve even had American investors stop by the show when they are in town, including one from Andreessen Horowitz.”
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