Hello Sifted reader,

The European summer holiday slowdown is well under way, which means our inboxes are far less hectic than usual — so it’s a great time to get in touch with our journalists with any tips and story ideas you have.

Many of the most impactful stories we’ve published at Sifted have stemmed from confidential or anonymous tip-offs from our readers — and we want to work on many more like them! So, if you have something to tell us or think there’s a company or investment firm we should do a bit of digging into, you can let us know confidentially.

We’d also love to hear which parts of our journalism you find most useful and interesting — and what you’d like to have more of. Should we launch more podcasts? Would you like us to list more funding rounds in this newsletter? Is there a sector you think is underreported, or a company you’d like us to get under the bonnet of?

Please, hit reply and make my Monday.

— Amy, editor

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New report: The state of subscriptions

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In Friday's newsletter, we wrote that Getir had exited France and Germany. It should have been France and Spain, as we'd written in the article it linked to. Getir are still active in Germany. We apologise for any confusion caused.

☢️ Leading European fusion startup tempted by move to US. Germany's Marvel Fusion has been offered a term sheet from a US entity to build its demonstrator — a site to test the physics of its fusion tech — in the US. If it accepts it would become the latest top European climate tech to jump to the US thanks to the Inflation Reduction Act (IRA) — a $369bn support package for green technologies.

For more climate tech news, sign up to our weekly Climate Tech newsletter.

🇮🇹 Milan-based United Ventures announces first close of new €150m fund. The fund will back 15-18 early-stage European startups making tech solutions for sectors which haven't yet digitised. It will write cheques ranging from €1m to €8m.

🤯 Are VC-backed wellness programmes the answer to founder burnout? Investors like Balderton and Mosaic are spending thousands trying to optimise their portfolio founders' wellbeing — but their programmes might just be patching a deeper problem, say some.

Graph showing that construction startups in Europe have raised record amounts of Series C funding in 2023.

🔨 Series C+ funding for European construction tech is already at record levels — and it's only July. Buoyed by the increasing use of tech on construction sites and green legislation in the EU, scaleups in Europe have already picked up $202.4m in Series C+ rounds this year — topping the previous record of $202m set across the 12 frothy months of 2021.

Our latest briefing digs into the data behind the rise of construction tech, unpacking the best-funded sub sectors, most active investors and key trends. (Exclusively for Sifted Pro subscribers)

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See the full line-up and book your pass here!