European tech weekly recap: Over €2B invested in the tech ecosystem in the last week of February

Last week, we tracked more than 70 tech funding deals worth over €2 billion, and 5 exits, M&A transactions, rumours, and related news stories across Europe.

📊 The top three industries that raised the most were transportation (€1.1 billion), semiconductors (€214.3 million), and fintech (€164.1 million). Regionally, 🇬🇧 the UK took first place (€1.4 billion), followed by 🇳🇱 the Netherlands (€219.4 million) and 🇸🇪 Sweden (€121.8 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: Wayve raises $1.2B at $8.6B valuation to scale embodied AI for autonomous driving
• NETHERLANDS: AI inference chipmaker Axelera AI raises $250M
• UK: Allica Bank to become unicorn, following $155M funding round, according to report
• SWEDEN: Self-driving truck startup Einride raises $113M PIPE ahead of public debut
• UK: Dwelly secures over €79.3M to scale AI-driven rental marketplace
• UK: Encord raises €50M to support next phase of physical AI deployment
• UK: SolveAI raises $50M to help employees build their own enterprise software
• UK: Biotech Centauri scores £30M Series A round
• FRANCE: Verley closes €32M Series A to advance next-generation functional whey ingredients
• ESTONIA: Missile defence startup Frankenburg Technologies raises €30M
• GERMANY: Tytan Technologies secured €30M investment
• SWITZERLAND: STS Digital raises $30M in funding
• HUNGARY: Turbine raises $25M in Series B funding
• UK: ThreatAware raises $25M in funding
• SWEDEN: Thomas von Koch fills up Qvantum's heat pumps with €20.6M
• AUSTRIA: Nyra health secures €20M to scale digital neurotherapy
• SITZERLAND: L.E.S.S. raises $22M Series C financing
• DENMARK: Hybrid Greentech attracts €15M investment to accelerate European grid flexibility rollout
• CZECH REPUBLIC: ValkaAI raises CEE's largest €12M pre-seed to do so
• GERMANY: Oska Health secures €11M to expand AI-driven care
• GERMANY: FLEXOO, whose tech is used in NASA’s lunar rover, raises €11M to scale physical AI
• GERMANY: Secfix raises $12M Series A to build end-to-end security compliance platform
• GERMANY: VoiceLine raises €10M to expand enterprise voice AI for frontline teams
• UK: AI infrastructure startup Callosum challenging AI Silicon Valley “monoculture” comes out of stealth with €8.7M
• UK: BeyondMath secures $18.5M to expand its foundational physics AI model
• GERMANY: AI foodtech startup Foodforecast raises €8M to tackle ultra-fresh food wastage
• SPAIN: IKOS Advanced raises €8M
• UK: Kinfolk closes $7M seed round for AI-driven HR platform
• ITALY: Sinergy Flow raises €7M in seed funding
• GERMANY: ISPTech secures €5.5M seed to improve in-orbit mobility
• UK: Brainomix extends Series C with new £5M investment
• UK: Thema secures $6.2M to support mapping of market expansion opportunities for private equity
• FINLAND: Zenniz raises $6M to scale smart tennis courts globally
• POLAND: €4.5M raised by FlyFocus to scale European drone production
• SPAIN: Aramco Ventures leads $4.5M strategic round in Barbara
• ITALY: AutoConnexa insurance secures a €4.4M capital increase
• DENMARK: Cernel raises €4M in four weeks to “build foundational infrastructure for agentic commerce”
• GERMANY: YOU(th) closes $4.5M round to expand digital preventive health
• NETHERLANDS: ATRO Medical gets €3M for knee implant targeting surgery
• UK: Alpa lands $3.5M to build financial platform for hospitality
• UK: Quantcore raises £2.5M to build UK's sovereign manufacturing capability
• SWEDEN: Sven Hagströmer backs Braive with €2.8M investment
• UK: Power Protocol reaches $15.4M total funding to expand gaming ecosystem
• SPAIN: Grodi raises €2.5M led by Swanlaab to advance greenhouse automation
• SPAIN: Oxolife receive €2.5M from the European EIC Accelerator fund
• SPAIN: UniScool receive €2.5 from the European EIC Accelerator fund
• ITALY: Adaptronics secures €2.5M in funding from the EIC Accelerator
• SWEDEN: Flox Intelligence raises €2.5M to become a “digital shepherd” guiding wildlife away from danger
• GERMANY: Einklang secures €2.2M for battery-optimised industrial power solutions
• NETHERLANDS: Celebratix closes €2.2M round to scale European ticketing
• GERMANY: Ark Climate raises €2.1M in a pre-seed round
• FINLAND: Prenew secures €1.8M to scale its used gaming PC marketplace across Europe
• SPAIN: Apartool closes a €1.8M funding round
• UK: Tewke secures £1.5M to scale AI-powered home energy platform
• CZECH REPUBLIC: RobosizeME raises $2M in seed funding
• ITALY: K3RX raises €1.65M in spacetech and defense
• NETHERLANDS: Sparqle secures €1.5M with EU backing to scale emission-free delivery across Europe
• BELGIUM: Dytto raises €1.5M pre-seed to “free the accountant” using AI
• UK: Tattvam AI raises $1.7M to speed up semiconductor chip design
• SWITZERLAND: €1.3M to power Verretex production capabilities
• HUNGARY: The New Era of Shopping raises $1.4M Pre-Seed to help brands win in the age of agentic commerce
• AUSTRIA: Straion raises €1.1M to govern AI coding at scale
• ESTONIA: Validfor received a $1.2M investment led by DOMiNO Ventures
• FRANCE: Desk raises nearly €1M for its coworking space management software
• NETHERLANDS: Patientdesk.ai has secured $1M in a pre-seed funding round led by Y Combinator
• ITALY: Xference closes a €700,000 pre-seed and announces the opening of a seed round
• UK: Luupli raises $600,000 in pre-seed funding
• GERMANY: bmp Ventures invests €500,000 in Benefits-Manager
• SPAIN: Angels invests €100,000 in Ola Creators
• SWITZERLAND: Clee Medical secures seed funding to advance real-time brain imaging for neurosurgery
• GERMANY: Frank Thelen invests an undisclosed sum in Zahnheld
• UK: Euroclear buys stake in Proxymity
• UK: SC Ventures invests in TruFin
• DENMARK: Thiax secures PSV Hafnium backing for real-time X-ray inspection technology

Exits and M&A activity

• UK: Radiant and Ori merge to deliver sovereign AI cloud at utility scale
• UK: Former unicorn snaps up Bristol tech firm Squarebird
• UK: Canva acquired the startups Cavalry and MangoAI
• FRANCE: Quantum Surgical acquires a Johnson & Johnson subsidiary
• UK: Private markets fintech Delio snapped up by iAltA