Aryel, an AR startup, raised €3m in a round led by Prana Ventures with the participation of several business angels. ABZero, a drone delivery startup, raised €200k from business angels and crowdfunding. Aspire, a Singapore-based B2B fintech startup funded by two Italian entrepreneurs raised US$100m in a Series C round. Panakes Partners announced the final close of its Purple fund, at €175m. CDP Corporate Partners I, a “corporate VC” fund managed by CDP VC, reached €300m§, with the participation of Newlat and Terna as LPs. The European Investment Bank and 5 EU countries announced €3.75bn fund of funds to invest in VCs that back European scaleups. Casavo announced a 30% reduction in its workforce. The Rock Trading, Italy’s oldest crypto exchange, suspended trading and withdrawals, in a move that eerily resonates with similar cases in crypto (FTX?). Reading this week Looking for new tools to solve specific tasks? There’s an AI for that. Crunchbase’s January recap: OpenAI raised a third of all funding in the world. Pitchbook released its European VC Valuations report for 2022.

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