Cadence Design Systems is acquiring BETA CAE Systems International AG, which makes software for analyzing car and jet engine designs, for $1.24 billion in cash and stock. BETA CAE was founded in 1999 from AUTH researchers and is now headquartered in Lucerne, Switzerland, has an R&D center in Kato Scholari, Thessaloniki, and 13 other offices around the world. The company’s annual turnover is approximately $90 million. 

Hellas Direct, the Athens-based insurtech firm, has secured a EUR 30 million investment aimed at bolstering its climate-focused insurance offerings. The funding, spearheaded by London’s ETF Partners and supported by the company’s founders along with both new and existing investors, underscores Hellas Direct’s commitment to addressing the challenges posed by climate change in central and southern Europe. 

Laser bioprinter developer PhosPrint raised an angel round by Google Maps founder Lars Rasmussen. PhosPrint aims at EUR 2.8 million liquidity, through EUR 2 million funding from EIC.

Greek Finloup, a buy-now-pay-later platform, secured over EUR 1 million in funding from various investors, including Velocity Partners, Genesis Venture and Praxia Capital. The company aims to expand its market presence, particularly targeting startups, by offering leasing options for electronic devices.