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This week, we tracked more than 70 tech funding deals worth over €2 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 €2 billion and 5 exits, M&A transactions, rumours, and related news stories across Europe.
On the fourth anniversary of Russia’s unprovoked full-scale invasion of Ukraine, Tech.eu remains committed to amplifying Ukrainian founders and investors — not as a symbolic gesture of solidarity, but in recognition of their continued global impact and their role in building front-running technologies at international scale. This week, we are placing them at the centre of our coverage.
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.
If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox.
Either way, let’s get you up to speed.
💸 Notable and big funding rounds
🇬🇧 Wayve raises $1.2B at $8.6B valuation to scale embodied AI for autonomous driving
🇳🇱 AI inference chipmaker Axelera AI raises $250M
🇬🇧 Allica Bank to become unicorn, following $155M funding round, according to report
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇬🇧 Radiant and Ori merge to deliver sovereign AI cloud at utility scale
🇬🇧 Former unicorn snaps up Bristol tech firm Squarebird
🇦🇺 Canva acquired the startups Cavalry and MangoAI
🇫🇷 Quantum Surgical acquires a Johnson & Johnson subsidiary
🚀 Interesting moves from investors
🇧🇪. Syndicate One closes €22M second fund to back Belgian tech founders
🇫🇮 Founders House launches in Helsinki to build Finland’s next global tech giants
🇬🇧 Space tech investor exceeds $100m for close of its latest fund
🗞️ In other (important) news
🚀 The Tech.eu Summit London 2026 unveils new speakers: Leaders from Wise, NATO Innovation Fund, Upvest, 2150 and many more…
🇺🇦 Not resilient, strategic: The reality of Ukraine’s tech ecosystem four years on
🇫🇮 Finland-based quantum computing startup IQM to go public in US via SPAC
🤖 OpenAI to establish London as biggest research hub outside the US
⚛️ Proxima Fusion partnership gives Europe its most credible path to commercial fusion
📡 Recommended reads and listens
🇺🇦. From legal aid to urban planning: Meet the startups enhancing Ukraine’s digital government
🇺🇦. Born in Ukraine, ready for the world, 7 Ukrainian-founded startups you should know about
🇺🇦 Why Ukraine is becoming a global healthtech frontier
🇺🇦. Interrupting the scroll: This founder is using social media as ground zero for a digital reset
🔭 European tech startups to watch
🇬🇧 Tewke secures £1.5M to scale AI-powered home energy platform
🇺🇦 The New Era of Shopping raises $1.4M Pre-Seed to help brands win in the age of agentic commerce
🇦🇹 Straion raises €1.1M to govern AI coding at scale
🇩🇪 bmp Ventures invests €500,000 in Benefits-Manager
🇨🇭 Clee Medical secures seed funding to advance real-time brain imaging for neurosurgery