Startup Europe — The Sifted Podcast

Senior reporter Anne Sraders has just spent two weeks in New York, and one thing was impossible to miss: AI was everywhere. From subway ads to investor breakfasts, it was the only conversation in town.
"Everyone wants to find the next Anthropic for every other domain," Abby Meyers of Bain Capital Ventures told Anne. And some US investors are looking to Europe's neolabs, from Yann LeCun's AMI Labs to David Silver's Ineffable, to find it.
So how do New York VCs really feel about European tech? And what are a16z's plans for Europe after closing its London office?
Joining host Freya Pratty on this episode of the Sifted podcast is senior reporter Anne Sraders. The pair also dig into why FirstMark's Matt Turck thinks Europe is underrated, a16z partner Anish Acharya's case for startups that are "unapologetically European", and why some US investors are bullish on the European consumer. 
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Last week, the resignation of Anthropic researcher Jacob Coxon catapulted the discussion over AI safety into the mainstream. A thread he posted on X quickly garnered millions of views.

“The consensus is that the next year or two is crunch time for humanity,” Coxon later told tech publication Wired. “From [my former colleagues’] perspective, this is when Anthropic and its competitors decide the fate of humanity.”

How is this debate materialising in Europe, where no AI company is pushing the frontier? What are startups’ take on safety and security? And what do investors make of it? 

Joining host Freya Pratty on this episode of the Sifted podcast is senior reporter Daphné Leprince-Ringuet. The pair also dig into Europe’s rising wave of defensive startups, as well as everyone’s favourite topic: the EU AI Act.

Sign up to Daphné’s AI newsletter here: https://sifted.eu/newsletters
Are agents moving faster than Europe can regulate them? Read here: https://sifted.eu/articles/ai-agents-anthropic-openai-eu-uk-laws

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There's been talk all summer about who would fund Mistral's next round. This week it was confirmed: €3bn at a €21bn valuation, co-led by Samsung, the EU's Scaleup Europe Fund and US growth firm PSG Equity. A year ago Mistral was worth €11.7bn.
Mistral has always pitched itself as Europe's sovereign alternative to US AI giants like OpenAI and Anthropic. With few European investors capable of meeting its huge capital needs,many were watching closely who the French scaleup would seek money from — and whether the round would preserve the company’s independence.
With this trio of co-leads, has Mistral succeeded? What is the significance of bringing on a sizable strategic investor like Samsung, which makes the memory components Mistral's AI runs on?
In this episode of the Sifted podcast, host Freya Pratty is joined by senior reporter Daphné Leprince-Ringuet. They discuss who joined Mistral’s round and why Samsung led it and how long Mistral can keep up this fundraising rhythm. They also look at Daphné's scoop on the company's robotics chief raising €200m for his own startup.

This podcast was brought to you by HSBC Innovation Banking.
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Legora has had a busy year. The Swedish legal AI firm raised $550m in March, led by Accel, and has made five acquisitions since January.
The company is often pitted against its US rival Harvey. But while the two are comparable in many ways, they diverge on some key things, including whether to build their own AI models. Harvey has launched one ; while Legora says training a frontier model doesn't make business sense. 
This episode of the Sifted podcast comes live from TechBBQ in Copenhagen, Denmark. Host Freya Pratty is joined by Legora CTO Jacob Lauritzen to discuss why Legora is steering clear of the model game, plus how the company is organising its engineering and product teams, what it looks for when it buys a company, and why Stockholm — not Copenhagen — is having a moment.
The two also chat about why Legora has  switched some tiers to consumption-based pricing — and why the technical team loves the move — as well as Legora’s recent integration with Google. 
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There’s a lot of talk at the moment about the momentum in the Nordic tech scene. Companies like legal AI firm Legora and vibe coding startup Lovable continue to bring in megarounds.  
But is the momentum spread across the region, or just confined to Stockholm? The Swedish capital has brought in the majority of funding in the region, thanks to Legora and Lovable, among others.
This episode of the Sifted podcast comes live from TechBBQ in Copenhagen, Denmark. Host Freya Pratty is joined by Europe editor Mimi Billing to discuss the wider funding landscape across the Nordics, how Denmark compares to Sweden and what Stockholm is doing that other cities aren’t.
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