The AI startup e-bot7 has secured €5.5 million in financing for further growth by the investors RTP Global, 42CAP, Main Incubator (early-stage investor of the Commerzbank Group), and a renowned business angel. With the new capital, the startup will further expand its position in the European market, by investing in both its technology and business team. E-bot7 was founded in 2016 by Fabian Beringer, Xaver Lehmann, and Maximilian Gerer, who have been included in the Forbes "30 Under 30" list, in order to promote the topic of AI on a political level. The founders are also mentors of renowned programs such as the Founders Institute in Silicon Valley, TechFounders, InsurTech Hub and many more. "Our goal is not only to offer the best AI-based technology and revolutionise customer service, but also to make it as easy as possible for companies to introduce and use such a technology," said Lehmann.

Expense management platform Chrome River has announced that it is to scale up its business presence across mainland Europe. Previously, the firm ran its EMEA operations solely through one central office based in London. However, it has now successfully opened a separate, dedicated regional office for mainland Europe - based in Munich, Germany. Nick Ludlow, the General Manager of the EMEA region for Chrome River, told Forbes that the expansion was primarily due to increased customer demand, on the continent, for its invoice solutions software. "With growing interest in the DACH region, it was the right time for us to open up a German subsidiary as a way of driving further regional growth and support for existing customers," he said.