Last week recap: European tech companies raised over €956M, around 73% collected by 10 biggest deals

Last week, we tracked more than 70 tech funding deals worth over €956 million, and over 5 exits, M&A transactions, rumours, and related news stories across Europe.

In Q3 2024, European tech companies raised €11 billion over 891 deals. Compared to the same period the year before, this number decreased by almost 60 per cent (€28 billion raised in Q3 2023), and around 50 per cent compared to Q3 2022 (€21.1 billion). For more insight into European tech ecosystem performance check out our latest Q3 2024 Report.

As a paying subscriber, you're privy to our monthly reports that break down the essential deals, actions, and players across the European tech ecosystem. Now, 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.

Have a great week!

Funding deals by amount

• UK: Remittance firm Zepz raises $267M
• AUSTRIA: GROPYUS secures €100M
• GERMANY: Nelly receives €100M in external capital
• UK: Basecamp Research raises $60M Series B to fuel AI advancements in life sciences
• SWEDEN: Electric scooters Voi secures €50M
• SWITZERLAND: BE WTR secured €42M to boost eco-friendly premium water solutions
• ITALY: AgTech xFarm raises €36M to accelerate geographic expansion
• FRANCE: Insurtech Qantev raises €30 million for medical claims analysis platform
• SWEDEN: Paebbl raises $25M to supercharge carbon storage in the built environment
• NETHERLANDS: LUMICKS gets €20M from EIB
• UK: Perlego raises $20M to scale up its edtech with AI
• SWITZERLAND: Medtech lymphedema startup Lymphatica closes €17.9M round
• GERMANY: Fifth Wall invests around $15M in Purpose Green
• SWEDEN: Northvolt-connected battery company Altris takes in €13.2M
• BELGIUM: Fintech company Easyvest raises €13M
• UK: Lightdash raises $11M Series A for open source self-serve data analytics platform
• SWEDEN: AirForestry lands €10.3M to transform sustainable forestry with drone technology
• SPAIN: Sequentia Biotech closes a round of €10M
• POLAND: Kodano Group secures €9M to accelerate international expansion
• LATVIA: MiLaboratories closes a €9M round
• FRANCE: Connectivity and mobility startup Stellar raises $9.3M
• GERMANY: Voltfang received €8M investment
• IRELAND: Renewable tech company SuperNode bags €8M
• NORWAY: Deep-tech Muybridge secures €8M to commericalise its imaging platform
• SWEDEN: Lovable raises $7.5M for GPT Engineer
• GERMANY: Building Radar secures $7.2M to expand its sales software internationally
• NORWAY: Sonair has raised $6.8M in funding
• FRANCE: Edtech Revyze raises $6M for GenZ social learning app
• FRANCE: Intent Technologies secures €5M
• SPAIN: DEPET raises €5M to boost its project to consolidate the pet funeral market
• FRANCE: Generare raises €5M to scale the discovery of new medicines and molecules hiding in microbes
• NETHERLANDS: Blue Radix secures €5M
• GERMANY: Forward earth raises €4.5M to expand AI-powered environmental management platform
• FRANCE: Fintech Kriptown raises €4.2M for blockchain-based SME stock exchange
• UK: Blecon raises $4.6M to enhance Bluetooth’s potential for commercial IoT deployments
• ITALY: WithLess secures €3M to help businesses save on unused software
• LITHUANIA: RedTrack raises $3.2M to equip media buyers with analytics
• CZECH REPUBLIC: Zaitra raises €1.7M to transform satellite autonomy
• UK: ClaimSorted raises $3M to expedite insurance claim processing
• SPAIN: Ciudadela receives €2.7M in a round of investment
• TÜRKIYE: Paket Mutfak raises $2.7M for cloud kitchen software expansion
• SPAIN: Fecundis raises €2.4M in a seed funding round
• FRANCE: Seedext raises €2M to boost business productivity through AI
• FINLAND: Synergi raises $2M seed for the future of virtual power plants and energy flexibility
• FRANCE: Highcast raises €2M to optimize production energy costs
• SPAIN: MiResi obtains nearly €2M in a round of investment
• UK: Round Treasury secures $2.1M pre-seed to simplify treasury management
• CZECH REPUBLIC: Zaitra raises €1.7M to transform satellite autonomy
• BELGIUM: StriveCloud raises $1.5M to enhance digital customer loyalty and retention
• SPAIN: Quixotic closes a €1.3M investment round
• SPAIN: Fabbric closes a €1.25M round
• ITALY: Composite Research gets €1M funding from LIFTT
• SPAIN: TalentYou raises €1M in a pre-seed funding round
• UK: Maven invests £750,000 in Corporate Modelling Services
• UK: Edtech Gaia Learning secures £550,000 VC investment
• FRANCE: Feedae raised €600.000
• FINLAND: Munchfam secures €600,000 to reduce the restaurant failure rate
• SPAIN: Anyformat raises €520,000 in a round of financing
• AUSTRIA: Angels United, Martin Schliefnig and Michael Grabner are investing €500,000 in Totoy
• SPAIN: Remolonas closes a round of €500,000
• SWITZERLAND: Lighthouse Tech's smart eyewear gets €160,000 funding boost
• SPAIN: Cribdata raises €155,000 in a round of financing
• UK: Near-Life wins £30,000 Innovate UK backing
• GERMANY: Mietz has received a seven-figure sum investment
• SWITZERLAND: Eldico secures fresh funding to fuel global expansion
• NETHERLANDS: Gamification startup Flavour secures fresh funding
• GERMANY: Hypros closed an undisclosed funding round
• GERMANY: Momenta and RunwayFBU are investing a seven-figure sum in Phantasma Labs
• GERMANY: Unnamed business angels “from the IT and software industry” are investing a six-figure sum in BestCase
• AUSTRIA: Unnamed investors are investing a six-figure sum in Social Garden
• GERMANY: Ludwig Fresenius Pioneer Ventures and business angels are investing a six-figure sum in Spiritory
• UK: Altered Capital acquires 6.5% stake in Zilo

Exits and M&A activity

• SWEDEN: Restaurant platform Buyers Edge acquires Parsly for its analytics prowess
• UK: Flip acquires The Bot Platform to merge their HR capabilities
• UK: Advania UK expands IT Services with CCS Media acquisition
• PORTUGAL: German group Synvert acquires startup Xgeeks
• BELGIUM: Dutch company RoomRaccoon acquires Lobbi PMS
• AUSTRIA: The English investment management service Quoroom is taking over the Dornbirn-based startup Investory.io
• GERMANY: PIABO Communications acquires Startup Communication
• UK: Pockit to buy Monese
• UK: Banked makes Aussie acquisition and calls for big brands to get behind US account-to-account payments