Startup Europe — The Sifted Podcast

When NATO announced plans to launch a €1bn innovation fund back in 2022, heads turned. €1bn? To invest in defence and security? Backed by 24 countries? At the time, most European VCs were still incredibly wary of backing defence companies — and nothing like this had ever been attempted before.Three years on, host Amy Lewin is joined on the Sifted Podcast by Dame Fiona Murray, current chair and former vice-chair of the Nato Innovation Fund (NIF), to take stock of how the experiment is playing out.Since becoming operational in 2023, the fund has faced significant scrutiny. Four of its original founding partners have left, one of them pursuing legal action over a compensation dispute, while former chair Klaus Hommels stepped into a new role last September following questions around potential conflicts of interest.Amy and Fiona discuss these controversies, as well as what the fund is actively looking to invest in today, the structural challenges facing Europe’s defence tech startups and what still needs to change if European nations are to build long-term technological resilience in an increasingly unstable world. 

When Markus Villig founded Bolt 12 years ago, it was one of dozens trying to take on Uber. Today, it’s the only major European ride-hailing company left — worth €7.4bn and expanding across taxis, scooters, car rental and delivery.This week, Europe editor Mimi Billing sits down with Markus to discuss why it’s now almost impossible to build a new ride-hailing network, why he thinks Europe is sleepwalking into a “disaster” on self-driving cars and physical AI, and how he’s helping shape Estonia’s defence tech landscape.Markus also explains why founders should engage more with politicians, what Europe needs from a single capital market — and his experience as the youngest board member of any US public company, thanks to buy now, pay later giant Klarna.

Kanishka Narayan, the UK’s AI minister, joins us on the Sifted Podcast hot off the heels of the big reveal of UK chancellor Rachel Reeves’ latest budget, which announced some fairly positive moves for Britain’s entrepreneurs — as Amy and Kanishka discuss in this episode.In his role as AI minister — which he’s had for just two months — Kanishka holds some pretty chunky responsibilities: including ensuring that the UK seizes upon the opportunities AI presents to us — and leverages tech for growth.In this episode of the Sifted Podcast, Amy asks Kanishka if he thinks the UK is moving fast enough on adopting and regulating AI, what the biggest risks the technology poses to the nation are and where he thinks the government should put its resources to have the most positive impact on the tech sector.

Few founders have the know-how — or the guts — to take on Apple. But Carl Pei, founder and CEO of London-based startup Nothing, is one of them. Nothing makes smartphones and earphones at a fraction of Apple’s price, has shipped millions of units, raised $200m in September at a $1.3bn price tag — and is now exploring AI-native devices and apps.In this episode, host Amy Lewin sits down with Carl to explore how Nothing is approaching prototyping new devices, why Europe has struggled to produce globally successful hardware startups and what a future of personalised phones might actually look like.Carl also shares how spending time in China taught him the hardware ecosystem’s secrets, why India represents one of the biggest opportunities of our lifetime and which early-stage founder he has on his radar.

It’s that time of year again: Atomico’s State of European Tech report has landed.In case you don't have the time to wade through its mammoth 183 charts, this week host Amy Lewin is joined by senior reporter Miriam Partington to bring you the report’s most surprising findings, with a focus on talent.And it paints a rosy picture: respondents say it’s getting easier to recruit and retain top-tier talent in Europe, and the continent’s pool of senior tech tech employees has grown faster than the US over the last decade.But do founders actually feel that shift on the ground? And how much appetite is there to finally fix Europe’s long-lamented market fragmentation? And why, a decade on, is the gender funding gap showing no signs of closing?Read Atomico’s report, here: https://www.stateofeuropeantech.com/Read our top highlights, here: https://sifted.eu/articles/state-european-tech-report-2025Read about the Mistral and SAP partnerships, here: https://sifted.eu/articles/france-germany-partnership-mistral-sapRead about why VCs are ditching the boardroom for operator life, here: https://sifted.eu/articles/vcs-becoming-operatorsIf you would like to sponsor the podcast, please email [email protected]