$62M for biogas power plants, Atomico's new $1.24B funding, and Europe's competitive decline

This week we tracked more than 95 tech funding deals worth over €1 billion, and over 10 exits, M&A transactions, rumours, and related news stories across Europe.
$62M for biogas power plants, Atomico's new $1.24B funding, and Europe's competitive decline

This week we tracked more than 95 tech funding deals worth over €1 billion, and over 10 exits, M&A transactions, rumours, and related news stories across Europe.

In addition to this week's top financials, we've also indexed the most important/industry-related news items you need to know about.

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.

Either way, let's get you up to speed.


💸 Notable and big funding rounds

🇬🇧 New Manchester unicorn as SafetyCulture raises £85m

🇩🇪 Reverion raises $62M for carbon-negative biogas power plants

🇩🇪 Formo raises $61M Series B for plant-based cheese


🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇩🇰 EasyTranslate acquires WorldTranslation

🇲🇰 Vector8 acquires fintech company Nexora

🇮🇪 GTreasury acquires CashAnalytics


🚀 Interesting moves from investors

💰Atomico completes largest ever fundraise of $1.24 billion

💸 Outward VC announces first close of Fund II at £51M

🐄 Santander and Atitlan launch Atgro, a vehicle to invest €500M in agricultural projects

💰 Equity Investments: €100 Million Treasure Chest Thanks to EIB and LIFTT

🇬🇧 UK climate tech: Royal Academy of Engineering launches £150M Green Future Fellowships


🗞️ In other (important) news

🇪🇺 Draghi report sounds alarm on Europe's competitive decline

👎 Bending Spoons plans to lay off 75 percent of WeTransfer staff

💰 Adyen is now a “global financial technology platform”, says its high-flying EMEA boss

🤖 Google’s GenAI facing privacy risk assessment scrutiny in Europe


📡 Recommended reads and listens

🇱🇺 Luxembourg’s dynamic tech ecosystem

🇨🇿 VC market in Czech Republic is "getting more professional", says fintech boss

#🛍️ How Miros AI is solving the problem of product discovery in e-commerce

🤖 European startups pack a small but impactful punch at IFA 2024


🔭 European tech startups to watch 

🇳🇱 Brineworks secures $2.2М for CO2 ocean extraction and low-cost green hydrogen production

🇬🇧 STEM edtech Twin Science & Robotics secures £1.25М investment

🇩🇪 Key Ward secures €1M for engineering intelligence

🇵🇱 Pet care startup Petsy secures over €1.1M from business angels

🎮 Magify secures €1M for data analytics and LiveOps in gaming

🔎 SEO startup raises $850,000 to help companies navigate AI-powered search

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