Tech.eu's 2023 Annual Report, AI a person of the year, and €1.4B for the European tech

Last week, we tracked over 95 tech funding deals worth over €1.4 billion, and over 10 exits, M&A transactions, and rumours; all alongside a host of related news stories across Europe.

In line with greater global trends, 2023 was a tumultuous year for European tech, decidedly down from 2021 and 2022's heady days, and one marked by decreased valuations, a market correction to pre-pandemic levels, and the crowning of Tech.eu's person of the year. Tech.eu's 2023 Annual Report gives you a comprehensive review of topics including investments, geographic region performance, industry performance, top M&A and exit activities, and much more. Become our paying subscriber and receive such analysis every month. 

Until then, let's get you up to speed on everything that happened last week, including your handy .csv file allowing for an even more in-depth analysis.

Meliora,

Funding deals by amount

• FRANCE: Mistral AI confirms €385M Series A funding round
• UK: SumUp raises €285M to expand payment products for small businesses
• NETHERLANDS: Service management provider TOPdesk raises €200М from CVC Growth Funds
• GERMANY: Urban Sports Club secures €95M investment for employee wellness expansion
• UK: Wholesale procurement platform Qogita emerges from stealth with €80M Series B
• GERMANY: 1Komma5° gets €52.5 million
• GERMANY: Tacto рaises €50М for AI supply chain solutions
• GERMANY: Ecoworks raises €40M for net zero standard climate-netural building renovations.
• UK: GFO-X raises $30M in Series B funding
• FRANCE: Former Qonto and Swile executives' startup Pivot raises €20M for European expansion
• GERMANY: German Bionic has received €15M investment
• FRANCE: Fintech Aria brings down the house in €15M funding round
• ICELAND: Meniga raises €15M in Series D funding for digital banking solutions
• ITALY: Smartpricing snaps €13M to increase hotel and apartment hosts’ revenue through machine learning
• NETHERLANDS: SCIL Nanoimprint Solutions spins out from Philips, secures over €10 million
• SWITZERLAND: Green startup PLAN-B NET ZERO rakes in €9.2M Series A for renewable energy push
• FRANCE: Spore.Bio raises €8M for real-time pathogen detection in FMCG factories
• SWITZERLAND: Metafuels raises €8M seed funding to turn green methanol into sustainable aviation fuel
• SWEDEN: Insurely takes in €8M
• SWEDEN: Enerpoly secures $8.4M grant for world's first zinc-Ion battery megafactory
• AUSTRIA: HYDROGRID bags €7.7M to help hydropower plants digitise and run effectively
• POLAND: Tylko gets €7.5M in financing from the European Investment Bank
• FRANCE: Medtech startup BCV bags €6M
• ESTONIA: Arbonics secures €5.5M to grow its forest-carbon removal platform
• GERMANY: Metycle raises $5M in seed round to expand scrap metal trading platform
• SWEDEN: Minut bags €4.6M and extends Series B round to €18.5M
• UK: AI marketing co-pilot Arcane raises $5M in seed funding
• FRANCE: Carthera secures additional €4.5M for innovative medtech to treat brain disorders
• FRANCE: Samabriva raises €4M in funding round
• GERMANY: Vectoflow secures €4M Series A for its customised flow measurement tech
• ESTONIA: APP fraud fighter Salv raises €3.9M for launch into UK
• UK: Space firm Orbex secure £6.7M for green rocket fuel
• UK: Pest detection platform Spotta raises £3M amid bedbug scourge
• GERMANY: Cleantech startup NeoCarbon bags €3.2M to remove carbon dioxide from the atmosphere
• ITALY: Caemate raises €3M in first funding
• GERMANY: Nuvo gets €3M to ensure software companies can effortlessly exchange and integrate external data
• FRANCE: Medtech startup i-Virtual secures €3M for measuring vital signs through video selfies
• SWITZERLAND: Aesyra bags €2.7M to tackle bruxism and sleep apnea
• GERMANY: Annea raises €2.75M in seed funding
• PORTUGAL: The edteach Virtuleap receives €2.5M from GED Ventures Portugal
• ESTONIA: Ecobase secures €2.5M seed funding to unlock carbon finance for European landowners
• NETHERLANDS: RTI Blockchain raises €2.5M to foster improvements and sustainability in logistics
• ESTONIA: Woola secures €2.5M funding to replace plastic with sustainable packaging
• SWITZERLAND: Remondis Digital Services, Venture Capital Freiburg, Bloomhaus, Kurrant Ventures and Spicehaus are investing €2.5M in Cortexia
• CZECH REPUBLIC: Digitoo raises €2.3M in a seed round from Reflex Capital
• NETHERLANDS: Sustainable femcare startup Yoni raises €2.3M from ROM InWest, Rabobank and others
• NETHERLANDS: Nedscaper secures €2.2M in funding
• GERMANY: Montamo has raised €2.1M to developed pioneering green energy training for migrant workers
• SWITZERLAND: 4QT secures €2M for its mission to electrify heavy-duty machines
• PORTUGAL: Financial wellbeing platform Paynest secures €2M to fuel European expansion
• AUSTRIA: EnliteAI raises €2M in a seed round
• ITALY: nCore raises €2M in funding
• FRANCE: The startup Mangas.io raises €1.9M to become the “Netflix” of manga
• UK: Housr raises £1.5 million of a planned round to tackle student housing crisis
• UK: Tribosonics raises £1.5M in funding
• FRANCE: Naobios awarded €1.7M grant for vaccine development by Bill & Melinda Gates foundation
• UK: Occuity raises £1.3M ‘to harness eye as window into body health’
• DENMARK: Seasony raises €1.5M to bring new mobile robot across Europe’s vertical farms
• BELGIUM: SportsTech scale-up Raw Stadia raises €1.5M to accelerate its international growth
• TURKEY: Fighting fashion industry waste, Myth AI stitches together $1.3M
• UK: Tom Blomfield-backed wealth tech startup Prosper closes £1M crowdfund
• UKRAINE: Hackless raises $1.2M in funding
• UK: Propflo secures £860,000 to develop ‘Retrofit-as-a-Service’ for mortgage industry
• SPAIN: Applivery closes a seed round of €1М
• SWEDEN: FineCell secures €1M from Metsä Spring for cellulose powder and hydrogels from pulp fibre
• UK: Jenesys AI secures €1M pre-seed to integrate generative AI to transactional accounting
• NETHERLANDS: Sustainable lingerie brand Soft Revolt bags €1M
• GERMANY: Sunfish Partners, Dhyan and business angels invest €1M in Orbital Matter
• NETHERLANDS: Hivello raises $1M in pre-seed funding
• GERMANY: The High-Tech Gründerfonds (HTGF) and business angels are investing €800,000 in AuditOne
• TURKEY: Livemedy received an investment of $750,000 from İhlas GSYO
• TURKEY: Electric micromobility manufacturer ALBA received an investment of €690,000
• SPAIN: Aitaca closes 2023 with a financing round of €635,000
• POLAND: E-commerce Boxmarket receives €462,000 from Tar Heel Capital Pathfinder
• ESTONIA: Making mealtime safer, Inspectle Foods forks €400,000
• NETHERLANDS: Consumer research startup Tellet raises €400,000 to drive democratisation of insights
• SPAIN: Yuccs doubles its crowdfunding goal, exceeding €400,000
• SPAIN: Arediana, the preventive health startup for women, closes its first investment round of €300,000
• SPAIN: MasLeads closes a €206,000 round led by Eoniq and Unitatea
• ROMANIA: Ride Colibri, electric mobility company, secures $220,000 in a pre-seed funding
• SPAIN: GROW Venture Partners invests €200,000 in teknoCEA
• SWITZERLAND: Planeto obtains €158,000 from Venture Kick
• TURKEY: RecRam received an investment of $110,000 from Arz Portföy's 4th Venture Capital Investment Fund
• GERMANY: Autarc raises funding to promote fossil-free heating in Europe
• GERMANY: The Berlin family office Moll Family is investing a seven-figure sum in DiaMonTech
• UK: BirdsEyeView secures major investment for climate change insurance solutions
• POLAND: HR tech Staffly raises additional funding from Freya Capital
• GERMANY: The Berlin HR investor allygatr is investing an undisclosed sum in Way
• TURKEY: Game studio Last Bite Games received investment from Boğaziçi Ventures with a valuation of $1M
• AUSTRIA: Pride Capital Partners takes minority stake in Rubicon
• GERMANY: SevenAccelerator, the TV media investor of ProSiebenSat.1, is investing in getvoila
• UK: Maven invests in insurtech McKenzie Intelligence Services to grow its market share
• GERMANY: The remote maintenance software provider TeamViewer is investing an undisclosed sum in Cybus
• AUSTRIA: Runtastic founder Florian Gschwandtner invests an undisclosed sum in ContextSDK
• NORWAY: Reltime raises funding
• AUSTRIA: Steadysense received a seven-figure sum investment

Exits and M&A activity

• SWEDEN: Vertex launches $555M bid to acquire Swedish firm Pagero Group
• NETHERLANDS: ABN AMRO acquires Dutch neobroker BUX amidst cost-cutting measures
• TURKEY: Ak Yatırım acquired the majority shares of the cryptocurrency platform Stablex
• NORWAY: Qualitas Funds V acquires ODA
• SWITZERLAND: The telecommunications provider Swisscom is taking over the event platform Veertly
• LITHUANIA: Lithuanian Altechna, a laser optics company, acquires Alpine Research Optics
• GERMANY: TotalEnergies acquires NASH Renewables
• SWITZERLAND: TotalEnergies acquires Predictive Layer
• ICELAND: PayAnalytics acquired by beqom
• FRANCE: TotalEnergies acquires Dsflow
• IRELAND: Rubicon makes follow-on investment in EasyGo
• NETHERLANDS: Amsterdam’s AI-based academic language service Writefull acquired by London’s Digital Science
• GERMANY: Wazoku acquires PosterLab