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European Technology Network Raises $1.6M Seed Round, Expands to Five-Day Live Show
Key points
- ETN raised $1.6 million in seed funding.
- The live show will expand to five days a week from June 27.
- New studio in Kings Cross and team expansion are planned.
- ETN covers European tech trends and news.
Funding and Expansion Details
The European Technology Network (ETN) announced a $1.6 million seed funding round. Investors include Powerhouse Capital, Axel Springer SE, a co-founder of LadBible, and angel investors from OpenAI and DeepMind. This capital will support ETN's expansion plans.
ETN will move into a new studio in Kings Cross, expand its eight-person team, and launch a newsletter. The live show, currently streamed on X and YouTube with over 5 million views, will increase its frequency to five days a week starting June 27.
Coverage and Guests
ETN, founded by Luke Knight and Ronan Chambers, focuses on European tech trends and news. The platform has become a destination for European startups on their press tours, featuring interviews with founders from companies like Synthesia and Legora, and UK's AI Minister Kanishka Narayan. American investors, including one from Andreessen Horowitz, have also appeared on the show.
Upcoming guests include George Robson, a partner at Sequoia, and Rishi Sunak, former UK Prime Minister and senior advisor to Anthropic and Microsoft.
Addressing Market Need
According to co-founder Ronan Chambers, ETN was created to address a gap in the media landscape for covering the fast-moving European tech industry. London startups alone have raised $14.7 billion this year, with six companies raising over $500 million, including Wayve, Superintelligence, ElevenLabs, Recursive, Ineffable Intelligence, and Isomorphic Labs.
The increased demand for guest appearances, with approximately 70 pitches per week, necessitated the expansion to a five-day schedule to accommodate the volume of news and interviews.
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Reporting from
The European Technology Network (ETN) secured a $1.6 million seed funding round and will expand its live show schedule to five days a week starting June 27. This expansion aims to cover the rapid pace of the European tech scene, particularly in London, which has seen significant startup funding.