European tech weekly recap: €1B in deals and February's highlights

Last week, we tracked more than 60 tech funding deals worth over €1 billion, and over 15 exits, M&A transactions, rumours, and related news stories across Europe.

📊 In February, deal activity reached 296 transactions, up 11.7 per cent from January’s 265, indicating steady growth. Total capital raised rose more sharply to €7.8 billion, a 56 per cent increase from €5 billion in January, pointing to larger average round sizes. Funding was heavily concentrated geographically, with the UK 🇬🇧 raising €3.8 billion, about 48.7 per cent of February’s total. By sector, transportation 🚗 led with €1.5 billion, representing 19.2 per cent of total February funding.

For more detailed review and more in-depth analyses of the European tech ecosystem, including industry and country performance, exit activities, and more, check out our February report.

❗ 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

• SPAIN: PLD Space raises €180M to scale satellite launch infrastructure
• NETHERLANDS: Backed by €113.8M, RIFT to deliver 340 GWh of industrial heat annually and avoid over 1M tonnes of CO₂
• AUSTRIA: Gropyus grabs another €100M to shake up how we build homes at scale
• UK: Self-driving startup Oxa raises $103M to scale industrial deployments
• GERMANY: Flink lands $100M to advance targeted expansion
• SWITZERLAND: Polares Medical raises $50M in Series C funding
• NETHERLANDS: Silverflow raises $40M Series B to expand cloud-native payments platform
• NORWAY: Software platform Unleash has received $35M in investment
• GERMANY: UniverCell lands €30M Series B to advance European lithium-ion cell manufacturing
• GERMANY: Lio (formerly known as askLio) received $30M investment
• SWEDEN: Validio closes $30M Series A to address enterprise data quality challenges
• AUSTRIA: Growth investor Nordwind Growth is investing €22.5M in Enpulsion
• IRELAND: Evervault raises €21M to advance encrypted data orchestration
• FRANCE: DeepIP secures $25M Series B to embed AI across the patent lifecycle
• GERMANY: Logistics tech firm cargo.one gets €17M-backed multimodal expansion
• NORWAY: Photoncycle raises €15M to scale seasonal energy storage in Europe
• ITALY: ISAAC raises €14M to expand earthquake resilience technology for the construction sector
• UK: Shellworks raises $15M to scale sustainable plastic alternative Vivomer
• UK: Growth Lending provides £8M facility to PE-backed GoodShape
• UK: Antiverse secures $9.3M Series A for AI antibody platform
• GERMANY: €7.5M for RAYDIAX to trial therapy CT scanner in oncology workflows
• FRANCE: baCta secures €7M to advance programmable microbial factories
• BELGIUM: Gates Foundation backs VIB spinout Rainbow Corps with $7M for resilient corn, sorghum
• SWITZERLAND: Xsensio raises $7M in Series A funding
• UK: Wealthyhood secures €6M from Bank of Cyprus
• LITHUANIA: Tesonet invests €5M in Finbee
• SPAIN: TaxDown secures €4M from BBVA Spark to enhance its AI solutio
• SPAIN: Cheer Games closes $4.5M pre-seed round for mobile gaming platform
• UK: Denki land $4.1M to make audits run like code
• GERMANY: Cellbox secured €3.5M investment
• TURKEY: Vento Games raises $4M in seed funding
• SWITZERLAND: Alithea Genomics closes $8.9M seed funding
• UK: Bindbridge raises $3.8M for next-generation crop protection
• UK: Outpost Bio raises $3.5M pre-seed for human microbiology models
• AUSTRIA: fibionic received a €3M investment
• DENMARK: Mycoverse raises €2.4M pre-seed to tackle potato late blight in Europe
• UK: ROXFIT lands £1.9M to build AI training platform for HYROX athletes
• UK: Diligent AI raises $2.5M to support KYC and AML teams with AI agents
• FINLAND: Groundhawk raises €2M to digitise Europe’s underground infrastructure
• UK: Payr raises $2.1M in seed funding
• NETHERLANDS: Delphyr raises €1.75M in funding
• UK: Defence tech outfit Mutable Tactics raises over $2M in pre-seed round
• GERMANY: Minit Games secures €1.7M to advance AI-driven short-form gaming feed
• SWEDEN: Qura secures €1.5M to rethink health management in Europe
• UK: Vivox AI raises £1.3M in first funding
• DENMARK: Gefjon Phrama secures €1.3M in follow-on funding by BioInnovation Institute
• SPAIN: Dynamics VR closes a €1.3M funding round
• DENMARK: Diasense received €1.3M in follow-on funding by BioInnovation Institute
• DENMARK: DARERL secured €1.3M in follow-on funding by BioInnovation Institute
• DENMARK: MicroMiner secured €1.3M in follow-on funding by BioInnovation Institute
• DENMARK: Synca Therapeutics received €1.3M in follow-on funding by BioInnovation Institute
• BELGIUM: Logistics startup Vectrix raises €1.15M seed funding
• GERMANY: DivTax raises €1M to help investors reclaim overpaid withholding tax on foreign dividends
• SPAIN: Echowi closes €750,000 seed round led by Successful Fund I FCRE
• UK: DealFlowAgent raises €646.2,000 led by early Uber and SpaceX backer to scale AI-native investment bank for SME M&A
• SPAIN: Graddus raises €600,000 to expand its academic guidance platform and reach new student profiles
• SWITZERLAND: Venture Kick backs Fainite with €170,000 to advance physics-based simulations
• GERMANY: Noxon closes seed funding round to advance muscle-computer interface technology
• UK: Adaptive receives strategic investment from Citi and HSBC
• NETHERLANDS: Emproof received an undisclosed sum of investment
• SWITZERLAND: AI-powered retirement savings, Selma Finance received an investment
• ITALY: Roboze received an investment of an undisclosed amount

Exits and M&A activity

• FRANCE: Medtech company Gleamer is acquired by an American company for €230M
• FRANCE: Expandi acquires Kompass
• UK: US tech giant Avalara acquires Manchester startup Versori
• PORTUGAL: German logistics tech firm cargo.one adds Cargofive in €17 million-backed multimodal expansion
• UK: IFS completes acquisition of Softeon
• IRELAND: FundBank acquires Irish Layer 1 blockchain firm Trrue
• GERMANY: Munich-based vacation rental scale-up Holidu is acquiring the vacation rental platform bestfewo.de
• UK: Broadstone to acquire Rockstead
• GERMANY: Flowpay acquires Germany's Tapline
• UK: BridgeWise acquires Context Analytics
• ITALY: Onetag acquires Aryel to build a new programmatic ad exchange
• GERMANY: OneSpan closes acquisition of cybersecurity startup Build38
• UK: Carta acquires CRM platform ListAlpha
• SPAIN: Camby acquires Llama Energy
• SWEDEN: SaaS investor Main Capital acquires Good Solutions
• CROATIA: Rheinmetall acquires 51% stake in Croatian UGV maker DOK-ING
• SWEDEN: Swedish BatteryTech startup Holyvolt acquires US battery materials firm Wildcat in €63.1M deal