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This week, we tracked more than 55 tech funding deals worth over €504 million and 3 exits, M&A transactions, rumours, and related news stories across Europe.
Big news this week as the European Commission presented its proposal for EU Inc., a new single set of corporate rules that will serve as the cornerstone and starting point for the EU’s 28th regime.
As a journalist, well, I’m pleased and frustrated all in equal parts. Earlier this week i called it a win because I think it would be a mistake for anyone to dismiss the challenge it took to get here. The announcement represents a major milestone for EU–INC, a policy movement backed by over 22,000 signatories, including Europe’s leading founders, investors, and the broader startup community. European bureaucracy moves at a glacial pace, and the journey here has been long and complex.
There are numerous wins — For example, entrepreneurs, founders, and companies will be able to found an EU Inc. company within 48 hours, for less than €100, with no minimum share capital requirement. There will be EU-wide employee stock option plans and increased digitisation.
BUT there are a number of areas that sound like ideas rather than actioned items (dare I say the gap between aim and execution?), and worse, fundamental elements which stray from the original idea. Instead of establishing a truly unified legal framework, the proposal defers interpretation to national courts—risking 27 divergent outcomes—relies on national registries rather than creating real ecosystem standardisation, and ultimately introduces further fragmentation at the very layer that should be harmonised.
Further, the call on Member States to only consider establishing specialised judicial chambers or courts to handle disputes related to EU Inc. company law is notably vague in both scope and implementation.
I’m hopeful for better, but let’s watch this space.
But that aside, this week, we tracked more than 85 tech funding deals worth over €4 billion and over 5 exits, M&A transactions, rumours, and related news stories across Europe.
Alongside the week’s top funding rounds, we’ve highlighted key industry developments, as well as notable trends in European venture activity, investor moves and emerging sectors shaping the current funding landscape.
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💸 Notable and big funding rounds
🇩🇪 Upvest raises $125M to strengthen its API-based investment platform
🇳🇱 WorkFlex secures €37M to automate cross-border workforce compliance
🤖. Sequoia-backed Edra raises $30M Series A to turn enterprise data into self-improving AI agents
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇬🇧 Nscale snaps up major US data centre site, American Intelligence & Power Corporation, inks AI compute deal with Microsoft
🇨🇭 Amazon acquires Zurich-based Rivr, developer of stair-climbing robots for doorstep delivery
🇳🇱 TMA acquires Amsterdam’s BrainsFirst to combine psychometrics with neuroscience-based talent insights
🚀 Interesting moves from investors
💸 Partech’s €300M Impact Fund targets Europe’s next generation of industrial and climate tech leaders
💰.Montis VC reaches €50M first close to back energy and industrial tech startups
💸. Albion Venture Capital Trusts close £90M top-up offer as demand for UK innovation investments grows
💸 New €70 million GVC Gaesco fund targets InfraTech startups focused on energy, industry and digital infrastructure
🗞️ In other (important) news
🚀 UK government pledges £1BN quantum computing investment
🇪🇺. EU Inc. marks major win for startups as Commission unveils 28th regime proposal
💸 Zopa reports third consecutive year of profit, says new current account topping expectations
🇩🇪 Alpine Eagle scales Sentinel production with new Munich facility and European expansion
📡 Recommended reads and listens
🍺. Meet Rachel: the AI agent that phoned 3,000 pubs to price a pint
🎥 Europe’s filmtech ecosystem is growing fast — here are the startups to watch
🇷🇴. eYou raises €300,000 to build a European social media platform focused on trust
🇪🇸. From diversified funding to frontier innovation: the Spanish tech ecosystem
🔭 European tech startups to watch
🇮🇹. CiaoDott raises €1.5M pre-seed to bring vertical voice AI to Italy’s medical sector
🇫🇷 Cleavr raises €1M to develop an AI solution for accounts receivable
🇨🇭 Rhonexum secures $1M to scale cryogenic electronics for quantum computing
🇬🇧 First Concepts raises $1M to develop AI-native OS for creative work
🇸🇪 Noru raises €560,000 to develop an agentic compliance platform