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This week, we tracked more than 75 tech funding deals worth over €1.9 billion and over 5 exits, M&A transactions, rumours, and related news stories across Europe.
This week, we tracked more than 75 tech funding deals worth over €1.9 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.
We also launched our Q1 report, which looks at tech fundraising, deals, and trends in Europe over the first three months of 2026.
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Either way, let’s get you up to speed.
💸 Notable and big funding rounds
🇸🇪 Stegra bags €1.4B rescue funding package for giant European green-steel plant
🇬🇧 CamGraPhic secures €211M from EU to build graphene tech for faster AI data transfer
🇬🇧 Wayve raises new £44B investment from chip giants
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇬🇧 Standard Life announces £2B acquisition of Aegon UK
🇧🇬 Codery acquires Elfshock to launch AI automation division
🇪🇸 Fracttal acquires TCMAN to strengthen its strategic position in Europe
🚀 Interesting moves from investors
💵 The new Seed filter: what investors look for beyond the demo
💸 Eka closes $107M Fund II to becomes the UK’s largest early-stage impact VC
💰 Elaia closes €134M fund DTS3 to back Europe’s next generation of breakthrough startups
💵 Fund II second close strengthens Unconventional Ventures’ bet on overlooked founders
💰 ET Capital launches Cambridge Venture Index Fund 2 to broaden access to deeptech investing
💸 £100M boost for UK healthtech as British Business Bank backs Apposite growth fund
🗞️ In other (important) news
🗓️ Guide: What’s Coming Up at the Tech.eu Summit London 2026?
☁️. Accenture and Google Cloud unveil Brussels centre to accelerate sovereign AI adoption
🤖 OpenAI to move to first permanent London office, with capacity to more than double headcount
🧊 Crowdcube achieves “hard-fought” profit, driven by boost in secondary shares
🇪🇺 Europe builds its first “kill-switch proof” cloud recovery stack
🇬🇧 Locai Labs and Civo launch Project Mercury to end UK reliance on foreign AI
📡 Recommended reads and listens
🇪🇺 Europe’s biggest seed rounds of Q1 2026: Top tech startups to watch
🧊 Cooling becomes strategic: Calyos brings passive thermal tech to Europe’s defence stack
🤖 “We are where ChatGPT was five years ago,” says European 3D AI foundation model startup boss
🏆 Inside the numbers: Ten industries leading Europe’s tech investment in 2025
🔭 European tech startups to watch
🇵🇱 Graftcode secures €2.1M to simplify AI-era software integration
🇮🇪 Audrey AI secures $1.8M to develop AI platform for financial auditors
🇬🇧 StirLight raises £1.25M to bring real-time quality assurance to friction stir welding at scale
🇩🇪 Zell raises €500,000 to scale AI-powered sales management
🇺🇦 Obriy AI raises $500,000 to take multi-agent enterprise automation global