#Munich-based @elevatry, an AI platform for strategic procurement, has closed a €3 million #preSeed round in order to enhance its platform, expand its team, and support market entry in Europe before expanding to US 🇩🇪 🚀
By startups that came out of a student-run AI incubator in Munich.
When I was leading the AI E-Lab at TUM.ai, the idea was pretty simple:
Get insanely ambitious technical people into one room.
Give them 12 weeks.
And optimize for one thing: build.
Not startup theory. Not endless workshops. Not writing business plans nobody will ever read.
Build the MVP. Talk to users. Break things. Iterate. Pitch. Repeat.
A few iterations later, AI E-Lab startups have raised €8M+.
Founders went on to Y Combinator, EWOR and some of Europe’s top VCs.
And somehow, we’re already entering it's 6th iteration.
The program is still:
→ 100% equity-free → Munich-based → your own workspace → weekly sessions with founders & operators → direct access to VCs → surrounded by people actually building
You don’t even need a finished startup.
An idea, a prototype (or simply the obsession to build something) is enough.
If you're in Munich and have been thinking:
"I should really start that AI / deep-tech company..."
This is probably your sign.
Applications close Saturday, September 26th at midnight.
#Munich-based @proximafusion today announced a €411 million financing round, bringing the company’s valuation to €2.4 billion and establishing Proxima as one of the best-funded #fusion companies in Europe 🇩🇪 🔋