Artificial Intelligence: GITEX EUROPE x Ai Everything Examines Dominant Tech Driving €2.7 Billion Economic Windfall

Artificial Intelligence (AI) is swiftly redefining Europe’s digital landscape, transforming industrial productivity, scientific discovery, public services efficiency, and socio-economic development at scale. With McKinsey projecting AI could add €2.7 billion to European economic output by 2030 – translating to a potential 20% GDP increase – GITEX EUROPE x Ai Everything is poised to magnify the exponential value accompanying this incomparable technology.

The winners of the InnoVEX Pitch Contest 2025

Attendees, judges, and startups all gathered together on the Thursday afternoon of InnoVEX 2025 to witness the annual InnoVEX Pitching Competition. Startups each had 10 minutes, split into a five minute presentation, and five minute Q&A from the judges.

Less than a third of travel operators have implemented mobile-first innovations across booking & payment platforms

 Latest survey from TravelTech Show spotlights priorities and concerns for travel operators and buyers around booking and payment solutions.

Sage 50 Evolves with AI Automation to Power the Future of UK SMBs

Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), today announced major enhancements that bring AI-driven insights, automation, and seamless connectivity to Sage 50 customers in the UK. Sage 50 has just become more powerful, connected, and secure while preserving the features SMBs know and trust.

Addleshaw Goddard launches AG Elevate accelerator programme for tech businesses

International law firm Addleshaw Goddard (AG) has announced the opening of applications for its AG Elevate accelerator programme for scaleup businesses.

Bibby Financial Services agrees £0.7bn facility to improve access to finance for UK SMEs

International SME financier, Bibby Financial Services (BFS), has renewed its securitisation arrangement for three years, boosting its funding capacity to improve access to finance for UK businesses. 

UK SMEs stand to gain £78Bn from AI, amid economic turbulence

UK small and medium-sized enterprises (SMEs) could unlock up to £78.1 billion in economic value by adopting artificial intelligence (AI) technologies, signalling a major opportunity to boost national productivity and business resilience.

Gresham House Ventures leads £3.9M round in digital pension provider Penfold

Gresham House Ventures has led a £3.9 million investment round in workplace pension provider, Penfold, alongside existing investors.

Angel investors will invest more in startups during 2025

Despite a complex global landscape, angel investors are planning to invest more in startups in 2025 than last year, with cautious optimism the prevailing mood. This is the key finding from the latest global survey of investors from Angel Investment Network (AIN), the global online angel investment network.

trawa Raises €24M to Power Europe’s Industrial Comeback
trawa Raises €24M to Power Europe’s Industrial Comeback

trawa, a Berlin-based electricity provider and AI-powered software company, has secured €24 million in Series A funding. The round was led by venture capital firm Headline, with participation from Norrsken VC, the impact fund of Klarna co-founder Niklas Adalberth, and existing investors Balderton Capital, Speedinvest, and AENU. Berlin-based VC Magnetic and Tiny VC from London are also among trawa’s shareholders.

Research reveals the true cost of female entrepreneurs

Whilst the ever-growing funding disparity affecting female entrepreneurs is well-documented, its impact and the true lived experience of women building businesses within this inequitable system are much less well known.

How a chance encounter at Chelsea Flower Show led to a $670,000 investment

When Andy Flynn, Founder of sustainable design brand POTR, set up his stand at last year’s Chelsea Flower Show, he thought he was there to sell a few plant pots. What he didn’t realise was that he was pitching his entire company – and in doing so changing the trajectory of his business.

Business debts to HMRC average £28BN per month as ‘tariff trauma’ bites

Business arrears to HMRC are running at an average of £28 billion per month, as companies grapple with rising National Insurance (NI) costs and economic shockwaves from US tariff increases.

Flip secures $28M Series A extension to expand AI-powered capabilities for deskless workers

Europe’s software scale-up for the frontline, Flip, has announced a $28 million Series A extension. Led by existing investors including LEA Partners, HV Capital, Notion Capital, as well as Roland Berger. The funding will be used to drive targeted advancements in artificial intelligence and accelerate the company’s growth.

Penfold launches salary sacrifice guide to help employers offset NI hike

Penfold has launched a comprehensive guide to help employers and advisers understand how salary sacrifice pension contributions can reduce the impact of the recent increase in National Insurance Contributions (NICs).

Introducing SmartTax AI: Countingup’s bold step toward fully automated tax

Countingup, the smart app where money meets accounting and tax, announces the launch of SmartTax AI, a machine learning engine designed to transform accounting and tax for small businesses.

Sention Technologies raises £3.7M seed round

Sention Technologies has secured a £3.7 million seed round to commercialise its battery diagnostics technologies. The round was led by Twin Path Ventures and joined by Doral Energy-Tech Ventures, Endgame Capital, Energy Revolution Ventures, G.K. Goh Ventures, Green Angel Ventures, Third Sphere and UK Innovation, and Science Seed Fund.

Mindstone and Rational Partners launch Mindstone

Mindstone and Rational Partners have announced the launch of Mindstone Tech. This joint venture is designed to help software engineers adapt to and excel in an AI-first future. This new initiative offers intensive, hands-on training delivered by experienced AI-first CTOs, providing software engineers with the practical knowledge they need to leverage AI tools effectively and stay ahead in their careers.

Head back to Google’s Startup School: Agentic AI

Ready to unlock next-level efficiency and automation? Startup School: Agentic AI will help you build solutions that operate autonomously, learn, and adapt with minimal human intervention.

London’s new innovation activator: Venture Cafe launches in partnership with ARIA

Venture Café Global Institute has officially launched in the UK, opening Venture Café London in partnership with the Advanced Research + Invention Agency (ARIA) on 15th May.