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This week, we tracked more than 60 tech funding deals worth over €1 billion and over 15 exits, M&A transactions, rumours, and related news stories across Europe.
💸. This week, we tracked more than 60 tech funding deals worth over €1 billion and over 15 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 monthly report for February covering key investment trends, notable company activity and emerging sectors.
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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Either way, let’s get you up to speed.
💸 Notable and big funding rounds
🇪🇸 PLD Space raises €180M to scale satellite launch infrastructure
🇳🇱 Backed by €113.8M, RIFT to deliver 340 GWh of industrial heat annually and avoid over 1M tonnes of CO₂
🇬🇧 Self-driving startup Oxa raises $103M to scale industrial deployments
🇩🇪. Flink lands $100M to advance targeted expansion
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇫🇷 Medtech company Gleamer is acquired by an American company for €230M
🇮🇹 Onetag acquires Aryel to build a new programmatic ad exchange
🇩🇪 German logistics tech firm cargo.one adds Cargofive in €17 million-backed multimodal expansion
🇬🇧 US tech giant Avalara acquires Manchester startup Versori
🚀 Interesting moves from investors
💸 GHARAGE Ventures launches Fund I and opens global travel platform
💰. FIRSTPICK raises €25M to find the Baltics’ next breakout founders
💸. EIF makes largest defence investment yet with €50M backing for Join Capital
🗞️ In other (important) news
🇪🇺 February funding rebounds to €7.8B as UK startups capture the lion’s share of European capital
🇪🇺 European Tech.eu Pulse: key trends and investment in February
🇸🇪. From energy transition to deeptech growth: the Swedish tech ecosystem
🚀 UK-headquartered satellite startup Open Cosmos plans European rival to Starlink
🔬 Wilbe opens White City lab in London to remove infrastructure bottlenecks for science startups
📡 Recommended reads and listens
🇺🇦.From Mac utilities to AI ecosystem: MacPaw’s next act
👓 Brilliant Labs, Neuphonic and TheStage AI partner to bring privacy-first, cloud-free AI to smart glasses
🇱🇹 Bootstrapped to €500M: the story behind Kilo’s quiet rise — and its next billion-dollar bet
🔭 European tech startups to watch
🇬🇧 Defence tech outfit Mutable Tactics raises over $2M in pre-seed round
🇸🇪 Qura secures €1.5M to rethink health management in Europe
🇩🇰 Synca Therapeutics received €1.3M in follow-on funding by BioInnovation Institute
🇨🇭 Venture Kick backs Fainite with €170,000 to advance physics-based simulations
🇩🇪 Noxon closes seed funding round to advance muscle-computer interface technology