This week, our research tracked more than 90 tech funding deals worth over €4.9 billion. On the other end of the spectrum, we saw over 15 exits and M&A transactions. 

As always, we've also indexed the most important/industry-related news items you need to know about, however, this recap is by no means exhaustive.

Our comprehensive brief, and its associated data, are available to our insights members via a weekly round-up newsletter and a handy .csv file allowing for even more in-depth analysis.

Insights members also have access to our monthly reports which most recently revealed that August was the best month in terms of capital raised across the European tech ecosystem thus far this year

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.

And now, the news.

💸 Notable and big funding rounds

🇸🇪 H2 Green Steel secured €1.5 billion to build a large-scale green steel plant

🇬🇧 Zenobē secured £800M investment from KKR and Infracapital

🇮🇪 Wayflyer landed $1 billion deal from Neuberger Berman

🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇸🇪 SAP bought software management company LeanIX

🇳🇱 Starred and Talenthub merged to create global candidate experience platform

🇮🇪 Mail Metrics' growth continues with the acquisition of Dafil

🚀 Interesting moves from investors

🇩🇰 Unconventional Ventures nears €30 million fund close for diverse European startups

🇬🇧 Air Street Capital's $121 million Fund II backed by Spotify founder and Google DeepMind scientist

🇵🇹 Apex launched €50 million Elite Performance Fund backed by top sports stars

🇳🇱 EIT InnoEnergy has secured over €140 million to accelerate growth for its portfolio companies

🇩🇪 World Fund adds over €50 million despite climatetech funding dip

🗞️ In other (important) news

🇹🇷 Getir raising $500 million at a dramatically lowered $2.5B valuation

🇬🇧 LSE Group draws up plans for blockchain-based digital assets business

🇪🇺 EU targets Apple, Amazon, Meta and other Big Tech in next phase of digital crackdown

🇳🇴 Court sides with Norwegian regulator’s $100,000 daily fine imposed on Meta over ad privacy concerns

🇳🇱 Adyen plans November investor day after $23 Billion wipeout

🇬🇧 UK has not backed down in tech encryption row, minister says

🇪🇺 Apple cites privacy concerns to refuse detection of child sexual abuse material

🇪🇺 EU set to block Booking’s €1.63 billion purchase of Etraveli

🇬🇧 UK rejoins Horizon Europe under bespoke deal with EU

🇨🇳 Alibaba-backed autonomous driving darling Deeproute sets sight on European carmakers

📡 Recommended reads and listens

🇩🇪 Sustainable hardware highlights from IFA

🇩🇪 Healthtech takes centre stage at IFA

🇬🇧 UK challenger bank Kroo gears up for fundraise of up to £70 million and launch of tracker account

🇬🇧 Banking meets ethics: a new way to support ground-breaking research

🇭🇰 HSBC and Terra Quantum collaborate to explore hybrid quantum technologies

🔭 European tech startups to watch

🇬🇧 Koios emerged from stealth with $550,000 pre-seed funding for voice-driven AI hrtech

🇱🇹 WeSky raised €1.1 million to bring lighter loads to the skies with its in-seat charging system

🇳🇱 Orange Quantum Systems raised €1.5 million for quantum chip testing innovation

🇩🇰 Rig.dev raised €2 million to develop its open source platform for Kubernetes

🇬🇧 Chatloop raised £2.1 million and bags Apple default browser status

Lead image: Daniel Maquiling