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This week, we tracked more than 70 tech funding deals worth over €1.4 billion and 5 exits, M&A transactions, rumours, and related news stories across Europe.
This week, we tracked more than 70 tech funding deals worth over €1.4 billion and 5 exits, M&A transactions, rumours, and related news stories across Europe.
Alongside the week’s top funding rounds, we’ve highlighted the most important industry stories, including the release of our 📊 January monthly report covering key investment trends, notable company activity and emerging sectors, as well as the announcement of 🎤 new speakers for the 🇬🇧 Tech.eu Summit London 2026, taking place on 21–22 April at the Queen Elizabeth II Centre in London.
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Either way, let’s get you up to speed.
💸 Notable and big funding rounds
🇬🇧 ElevenLabs raises $500M, says building towards IPO
🇸🇪 Polestar nabs $400M from banks to fuel EV fightback
🇬🇧 newcleo raises $85M in financing
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇸🇪 Spotify-backed Soundtrack acquires Tunify and Ambie to build local power with global scale
🇳🇱 UK2 Group acquired by Your.Online
🇬🇧 TNS completes acquisition of BT Radianz
🚀 Interesting moves from investors
💰 Constructor Capital closes $110M Fund I for science-first founders
💸 Mundi Ventures closes on €750M for Kembara, its largest deep tech and climate fund
🤖 French climate investor SlateVC raises €132 million in its first close for its inaugural growth fund
💸 €1B fund AshGrove opens Copenhagen hub for €5-30M ARR Nordic software bets
🗞️ In other (important) news
📊 Cloover’s billion-dollar round headlines a fintech-heavy month led by Germany
🔬 Menotracker wants to fix menopause symptom tracking — without selling user data
🔭 From big rounds to broad momentum: the UK tech ecosystem
🇸🇪 Kinnevik slashes valuation of stake in Swedish green startup Stegra
📡 Recommended reads and listens
⚡01C launches Amara to generate full 3D worlds from simple prompts
🧪 From blood tests to orbital labs: Europe’s next generation of cancer tech
💡 Invest Europe and EIF report: How gender and geography shape Europe’s VC ecosystem
🇪🇪 Estonia launches Defence Business Lab for startups
📌 January 2026’s top 10 European tech deals you need to know about
🔭 European tech startups to watch
🇸🇪 Berget AI lands €2.1M as demand grows for sovereign AI in Europe
🇪🇸 Valeria lands $2M to fix payroll for the frontline economy
🇧🇪 AI running analysis platform Runeasi raises €1M for global growth
🇬🇧 TaxNova gets $1M backing from a16z’s accelerator and Revolut and Miro operators