European tech weekly recap: More than 65 tech funding deals worth over €3.4B

Last week, we tracked more than 65 tech funding deals worth over €3.4 billion, and over 10 exits, M&A transactions, rumours, and related news stories across Europe.

📊 The top three industries that raised the most were cloud (€1.2 billion), space (€1.1 billion), and healthtech (€214.4 million). Regionally, 🇬🇧 the UK took first place (€1.5 billion), followed by 🇫🇷 France (€1.2 billion) and 🇩🇪 Germany (€321 million).

❗ 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: Nscale has secured a $1.4M Delayed Draw Term Loan backed by GPUs
• FRANCE: Satellite operator Eutelsat secures €975M for LEO expansion
• UK: 25-year-old founder’s Olix nabs $220M for photonic AI inference chips to take on Nvidia
• GERMANY: Quantum Systems continues its expansion amid rising European drone competition, secures €150M financing package
• FINLAND: ICEYE raises €150M in Series E funding
• FRANCE: DentalMonitoring raises €84M to expand AI-powered orthodontic monitoring globally
• SWEDEN: Lassie closes $75M to scale pet care services across Europe
• UK: Energy technology startup Tem has received $75M in investment
• IRELAND: Chronic rhinitis solution NEUROMARK secures €62.5M as Irish startup Neurent Medical closes Series C
• FRANCE: Naboo raises $70M from Lightspeed for AI-powered events procurement
• FRANCE: GitGuardian has raised $50M in Series C funding
• GERMANY: Digitising energy and water data for the energy transition underpins €40 million raise by Berlin's metiundo
• GERMANY: Constellr secured €37M investment
• GERMANY: Andercore is expanding its AI-based industrial trade platform following a $40M Series B raise
• IRELAND: Aerska raises $39M in Series A funding
• FRANCE: Next Mobiles and Mobile.club merge and raise €31 million in debt
• NORWAY: Trener Robotics secures €26M to expand industrial AI automation
• UK: Tembo raises £16M to help first-time buyers get on property ladder
• GERMANY: GenAI startup Blockbrain lands €17.5M to advance enterprise-grade AI agents
• GERMANY: Hades Mining secured €15M as part of a seed funding round
• FRANCE: Lifeaz raises €13M to further its efforts to improve access to life-saving interventions
• UK: Electric Twin expands AI audience platform with $14M round
• SWITZERLAND: Algorized raises $13M in Series A funding
• SPAIN: WtEnergy raises €10M to drive energy recovery of industrial waste and biomass
• UK: Circle Health completes €9M to build preventive health platform using AI
• GERMANY: Berlin Heals Holding raises over $10M in funding
• GERMANY: Microsynetics raises $10M in Series A funding
• UK: Human brain-based AI startup Stanhope AI raises £6M
• HUNGARY: Robotics hardware startup Allonic has raised $7.2M in pre-seed funding
• GERMANY: hellomed secured a €6 million investment
• FRANCE: Geolinks Services raises $7.1M in funding
• SWITZERLAND: Levl raises $7M in seed funding
• UK: Bracket closes $7M round to expand treasury intelligence platform
• UK: Mozart AI secures $6M to develop AI tools for music creation
• UK: Can GenUX fix AI’s UX problem? Heywa Labs raises $5M seed from Cherry
• UK: Seamflow raises $4.5M seed round to develop AI tools for the TIC industry
• UK: Fintech Tangible raises $4.3M in seed funding
• GERMANY: Driveblocks scoops €3.5M for AI perception that sees unstructured terrain
• UK: AI drug safety startup Sable Bio raises €3.15M and plans to grow its London team
• FRANCE: Getinside raises €3.2M to democratise retail media
• UK: Defence startup testing AI drones with Ukraine, Occam Industries, raises £2.6M
• POLAND: Demoboost closes €2.8M to turn product demos into revenue intelligence
• UK: Imperial College founders raise €2.8M for The Compression Company, a satellite data compression platform
• SWITZERLAND: Porters closes €2.7M pre-seed funding for financial services backoffice software
• FRANCE: Rivage raises €2.6M to expand payroll software across accounting firms
• UK: Orthofuse raises £2.2M in seed funding
• UK: Overmind launches with £2M in seed funding to support development of agentic AI
• AUSTRIA: refinq secures €1.9 million investment
• SWITZERLAND: ScyAI secures €2M and launches AI risk platform for real assets
• UK: xWatts closes £1.6M to expand AI-powered energy management solutions
• ITALY: MON5 closes €1.7M funding round and focuses on critical infrastructure
• FRANCE: Solaya grabs $2M from Betaworks for phone-to-3D AI used by LVMH
• SWEDEN: Vesiro raises €1.6M to optimise elasticsearch and lower server energy use
• GERMANY: AI contech startup conmeet secures €1.3M pre-seed as it exits stealth mode
• BELGIUM: Move To Happiness secures €1M to scale AI platform linking wellbeing and organisational performance
• SWEDEN: Loovi secures €1M to scale preventive health and longevity platform
• LATVIA: Deep Space Energy raises €930,000 for 5x more efficient RTGs
• IRELAND: AI-native proptech startup MARC has raised a $1M by a group of angel investors
• IRELAND: Nocomed raises €650,000 in seed funding to address healthcareʼs biggest emissions blind spot
• GERMANY: Simmetry.ai expands AI training platform following €330,000 funding
• UK: My Dental Buddy has been awarded a £248,000
• GERMANY: INLEAP Photonics received an undisclosed sum of investment
• TÜRKİYE: HOGO Games received an investment from Nokta Games at a valuation of $10M
• DENMARK: Dawn Health raised an undisclosed amount in funding
• GERMANY: Stark Defence hits €1B unicorn valuation

Exits and M&A activity

• UK: London-headquartered tech firm Reward has been acquired in a $230M deal
• UK: Admiral Group has acquired London insurtech Flock for £80M
• TÜRKİYE: Uber acquires Getir’s Turkish delivery business
• GERMANY: Dcycle acquires ESG-X to scale sustainability data management in Europe
• TÜRKİYE: QNB eSolutions has acquired Ödüyo, a company focused on financial technologies
• UK: Truespeed & Freedom Fibre announce merger
• GERMANY: Berlin-based hrtech company Hrmony is acquiring Hamburg-based fintech company HelloBonnie
• UK: Access acquires fundraising platform Enthuse
• GERMANY: Wealth Collect Holding is acquiring the insolvent Munich-based e-bike startup Sushi Bikes
• AUSTRALIA: Submer acquires Radian Arc
• FRANCE: Next Mobiles and Mobile.club merge and raise €31 million in debt