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European Investment Fund to support digital education scheme

The European Investment Fund and the European Institute of Innovation and Technology said on Wednesday (28 April) they would collaborate on a project to improve access to digital education. The scheme, which is expected to launch in June under the oversight of the institute’s digital innovative branch, EIT Digital, aims to help 500 students improve their digital skills. Funding will come from the European Investment Fund as part of the Skills & Education Guarantee Pilot, a debt financing initiative intended to stimulate investments and access to education, training and skills. It will provide a €2.5 million financial guarantee, allowing EIT Digital to postpone payment for the courses. The initiative will be financed under the European Fund for Strategic Investments (EFSI), which was at the centre of the Investment Plan for Europe, also known as the Juncker Plan.

Today in European Tech: OneWeb secures $550 million, MessageBird extends round to $1 billion to bankroll a US acquisition, and more

Today in European Tech: OneWeb secures $550 million, MessageBird extends round to $1 billion to bankroll a US acquisition, and more Deals - Through an extension of a previous round, Dutch omnichannel communications platform MessageBird has now raised a whopping $1 billion. Continuing their shopping spree, MessageBird has entered a definitive agreement to purchase Colombia, Maryland-based predictive email platform SparkPost for $600 million. - London-based bring-the-internet-to-everyone provider OneWeb has secured $550 million in financing from Parisian Eutelset, bringing the rounds’ total funding to $1.9 billion. Eutelsat is one of the world’s leading satellite operators, and with this funding of OneWeb, the company is obtaining an approximate 24% equity stake in the latter.

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