Mistral raises €1.7B with ASML as key backer, Bending Spoons to acquire Vimeo for $1.38B, and one year on from Draghi report

This week, we tracked more than 95 tech funding deals worth over €3.1 billion, and over 10 exits, M&A transactions, rumours, and related news stories across Europe.
Mistral raises €1.7B with ASML as key backer, Bending Spoons to acquire Vimeo for $1.38B, and one year on from Draghi report

This week, we tracked more than 95 tech funding deals worth over €3.1 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

🇫🇷 Mistral bags €1.7B funding round as ASML takes significant stake

🇸🇪 EcoDataCenter secures €600M for sustainable high-performance AI and cloud growth

🇳🇱 Fintech Factris secures €100M funding facility


🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇮🇹 Bending Spoons to buy Vimeo in $1.38B deal

🇵🇱 Hedepy acquires HearMe to become CEE’s largest online psychotherapy platform

🇦🇹 fonio.ai acquires fluently to strengthen DACH presence

🇬🇧 Opus acquires Embarc to accelerate early-stage entrepreneurship 

🇸🇪 Opper AI acquires FinetuneDB for AI model tuning


🚀 Interesting moves from investors

🍷 Claret Capital Partners secures €350M second close for Fund IV

💰Quadrille Capital raises €500M to invest in European and US tech

🦄 From Lovable to ElevenLabs: Antler study charts Europe’s fastest-ever unicorn boom


🗞️ In other (important) news

🇬🇷 OpenAI to roll out ChatGPT Edu in Greek schools and support startups

🤖 ElevenLabs confirms employee share sale at $6.6BN valuation, double valuation of nine months ago

💸 BlackRock-backed Scalable Capital wins European banking licence

🇬🇧 Quantum Systems commits €50M to UK expansion

🇬🇧 AI coding assistants save UK government workers 28 working days a year, claims government 


📡 Recommended reads and listens

🇪🇺 One year on from Draghi report: Europe’s innovation future hangs on the 28th Regime

🏃 “European startups are asked to run a marathon with their shoelaces tied”

☕ The LAP coffee Berlin backlash: when innovation meets resistance

🇨🇭 CUTISS secures €57.9M Series C to advance regenerative skin therapies

🇪🇺 Innovation lives on: European startups shine at IFA 2025

🤖 Beyond the hype cycle: Why retention and community will decide the winners in vibe coding


🔭 European tech startups to watch

🇱🇹 Kashimi raises $1.36M to expand alternative payment infrastructure

🇮🇹 Renewcast raises €1M from 2C Venture to accelerate global expansion

🇸🇪 Saltfish emerges from stealth with $730,000 in initial funding

🇬🇧  uRoutine raises £555,000 to fight doomscrolling with a ‘productive social network’

🇨🇿 Eterny raises €400,000 to tackle the problem of forgotten assets

🇬🇧 Innovate UK backs Hormona with £100,000 grant for menopause diagnostics

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