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This week, we tracked more than 65 tech funding deals worth over €3.4 billion and over 10 exits, M&A transactions, rumours, and related news stories across Europe.
This week, we tracked more than 65 tech funding deals worth over €3.4 billion and over 10 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
🇬🇧 Nscale has secured a $1.4M Delayed Draw Term Loan backed by GPUs
🇫🇷 Satellite operator Eutelsat secures €975M for LEO expansion
🇬🇧 25-year-old founder’s Olix nabs $220M for photonic AI inference chips to take on Nvidia
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇬🇧 London-headquartered tech firm Reward has been acquired in a $230M deal
🇬🇧 Admiral Group has acquired London insurtech Flock for £80M
🇹🇷 Uber acquires Getir’s Turkish delivery business
🇩🇪 Dcycle acquires ESG-X to scale sustainability data management in Europe
🚀 Interesting moves from investors
💰 Elaia’s Digital Venture Fund V reaches €120M at first close
💸 Zilch co-founder raises $20M for latest venture
🤖 ET Capital closes £270K fund to challenge traditional VC winner-picking. What about diversity?
💸 Antler launches always-on Nordic residency and $100M+ fund to accelerate startup investment
🗞️ In other (important) news
📊 From industrial depth to strategic growth: the German tech ecosystem
🇮🇹 Bending Spoons is offering €1.5 million in tech scholarships with its new fellowship program
🇵🇱 Poland’s VC market leans heavily on seed-stage funding
🤖 Why is a $700M startup “testing” its AI in the Balkans?
📡 Recommended reads and listens
🇸🇪 Mistral boss calls for European unity in AI race, as pledges €1.2B Swedish data centre investment
🎵 MuseCool is using audio AI to fix the biggest problem in music education
🇺🇦 Ukraine’s wartime VR therapy is scaling beyond trauma care
📌 Startup Nation Switzerland: Agenda for more innovation and growth
🔭 European tech startups to watch
🇬🇧 xWatts closes £1.6M to expand AI-powered energy management solutions
🇸🇪 Vesiro raises €1.6M to optimise elasticsearch and lower server energy use
🇮🇪 AI-native proptech startup MARC has raised a $1M by a group of angel investors
🇮🇪 Nocomed raises €650,000 in seed funding to address healthcareʼs biggest emissions blind spot