European tech weekly recap: More than 35 tech funding deals worth over €407M

Last week, we tracked more than 35 tech funding deals worth over €407 million, and 5 exits, M&A transactions, rumours, and related news stories across Europe.
European tech weekly recap: More than 35 tech funding deals worth over €407M

Last week, we tracked more than 35 tech funding deals worth over €407 million, and 5 exits, M&A transactions, rumours, and related news stories across Europe.

📊 In December, total funding reached €4.5 billion, only slightly below November’s €4.6 billion. This came despite a decrease in deal activity, with 250 transactions completed (a 7.8 per cent drop compared to the month before).

📈 December also saw shifts in both geography and sector focus. Sweden led the month with €893.1 million raised, while software emerged as the top sector with €1.2 billion in funding, underscoring a renewed investor emphasis on technology and software-driven growth heading into the new year.

❗ 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: E-commerce operating startup Swap raises $100M
  • FRANCE: FineHeart raises €35M in Series C first closing and receives €48M in grants
  • DENMARK: With €30M+ Series B, Bactolife prepares shift from R&D to commercial scale
  • UK: Engitix secures £18.6M to advance cancer and fibrosis therapies
  • NETHERLANDS: Qualinx raises €20M in funding
  • IRELAND: Luminate raises $21M in expanded Series A funding
  • SPAIN: Clinical voice AI startup Tucuvi raises $20M
  • SPAIN: Lookiero Outfittery Group closes a €17M round to boost growth and reinforce its AI strategy
  • NETHERLANDS: Female-led startup ShanX Medtech secures €24M to combat antimicrobial resistance
  • NETHERLANDS: ViCentra secures an additional $13M to accelerate growth and advance next-gen insulin system
  • FRANCE: BrightHeart bags €11M to expand FDA-cleared AI ultrasound platform across the US and Europe
  • AUSTRIA: Vitrealab closes €9.4M Series A to develop light engines for AR glasses
  • UK: Biographica raises £7M to expand AI crop design globally
  • SWITZERLAND: ZenChain secures $8.5M
  • UK: AgileRL raises $7.5M in funding
  • GERMANY: CertHub raises €6.2M to tackle medtech’s compliance bottleneck
  • SWEDEN: H&M pumps €6 million into Sellpy
  • FRANCE: Quideos raises €5.2M to secure agricultural product prices
  • GERMANY: United Manufacturing Hub bags €5M to power a shared data backbone for factories
  • UK: MAIA Technology bags £4M to modernise portfolio management for hedge funds
  • SWEDEN: Sigrid raises $5M in funding
  • FRANCE: Cementic raises €4M with the support of Blast
  • ITALY: Automotive SaaS provider MotorK secures €3M to bolster its financial position
  • UK: Bloemteknik bags £2.5M to make smart lights the brain of vertical farms
  • ITALY: AI deeptech startup Principled Intelligence closes €1.85M pre-seed round
  • BELGIUM: Legaltech Alice raises €1M to bring trustworthy AI workflows to legal casework
  • UK: WholeSum raises £730,000 to advance a qualitative data analysis platform
  • UK: Apex Rides raises £420,000 to advance its connected fitness platform
  • TÜRKİYE: AI-based regtech startup Defy receives $400,000 in investment
  • UK: iMaintain closes £250,000 pre-seed round with SFC Capital backing
  • TÜRKİYE: Webrazzi GSYF invested $300,000 in Cypien AI
  • UK: GIN e-bikes raises €215,000 in dept funding to expand PLUTO e-bike subscriptions in London
  • UK: Social and community networking app Cliq raises seven-figure investment
  • UK: Redgate Software receives growth investment from Bregal Sagemount
  • FRANCE: Biotech Spore.Bio secures multi-million-euro Google.org funding and launches AI-native research unit
  • SWEDEN: Trialbee receives investment from Varsity Healthcare Partners
  • TÜRKİYE: Pixel Flow closes seed round three months after launch


Exits and M&A activity

  • GERMANY: Diginex buys Plan A for €55M: What it means for Europe’s carbon accounting scene?
  • UK: UK AI firm Faculty to be acquired by consulting giant Accenture
  • LITHUANIA: Zilch to buy €120 million-asset Fjord Bank to unlock European expansion
  • GERMANY: BENTELER acquires ioki to expand autonomous mobility in Europe
  • SWITZERLAND: Taskbase acquires Micromate to redefine corporate learning
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