Netic, which sells an AI platform that helps home services firms automate client outreach and handle calls, raised $20M from Greylock, Founders Fund, and others (Belle Lin/Wall Street Journal)

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EU plans new fund to help tech companies scale

Shorouk Express The fund seeks to counter a “clear funding gap” that European companies experience when scaling risky, capital-intensive technologies that need investments above €100 million. The lack of scale-up capital “poses several risks for the EU,” such as the loss of companies and critical technologies domestically, according to the plan. “A European scale-up with…

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