European tech weekly recap: More than 85 tech funding deals worth over €4B

Last week, we tracked more than 85 tech funding deals worth over €4 billion, and over 5 exits, M&A transactions, rumours, and related news stories across Europe.

📊 The top three industries that raised the most were cloud (€1.7 billion), artificial intelligence (€1 billion), and legaltech (€488.9 million). Regionally, 🇬🇧 the UK took first place (€1.9 billion), followed by 🇫🇷 France (€1.2 billion) and 🇸🇪 Sweden (€474.7 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: Nvidia-backed Nscale raises $2B, appoints Sheryl Sandberg, Nick Clegg to board
• FRANCE: Yann LeCun’s AI world model startup Advanced Machine Intelligence (AMI) raises more than $1B
• SWEDEN: Legaltech Legora raises $550M Series D at $5.55B valuation to accelerate US expansion
• NETHERLANDS: AI company Wonderful received a $150M investment at a valuation of $2B
• FRANCE: Insuretech Alan raised €100M in a funding round
• UK: Tropic's €91.3M scales gene-edited bananas that beat Panama disease worldwide
• FRANCE: Jimmy Energy secures €80M for its micro-reactors
• NETHERLANDS: Vitestro raises $70M in Series B funding
• GERMANY: Qdrant closes $50M Series B to expand vector search infrastructure
• UK: Manufacturing startup Isembard secures $50M
• FRANCE: Cryptio's $45M raise targets ERP gap for banks diving into stablecoins and on-chain finance
• NETHERLANDS: Fastned hits €301M bonds total with latest €32M tranche
• FRANCE: Waiv raises $33M in funding
• FRANCE: Qevlar AI lands $30M to expand AI security operations platform
• LITHUANIA: Saltz raises €20M to build global chef-supplier marketplace
• UK: Avvoka secures £14M to expand AI drafting tools for law firms
• FRANCE: Escape secures $18M Series A to develop AI cybersecurity agents
• UK: Outpost raises $17.5M in Series A funding
• SWITZERLAND: Inter IKEA Group backs Seprify’s €13.4M Series A to scale cellulose materials platform
• UK: Augur raises £11M
• CROATIA: FPV drone maker Orqa raises €12.7M
• ITALY: Cleafy raises €12M to expand financial fraud detection technology
• UKRAINE: Kodree raises $10M in user acquisition financing to expand AI-powered edtech platform globally
• ESTONIA: SkySelect raises $9M to modernise aircraft parts procurement with AI
• FRANCE: Decoding DNA with AI: Living Models emerges from stealth with $7M
• FRANCE: Lemrock raises €6M to help brands sell within AI agents like ChatGPT and Claude
• GERMANY: Tower secures €5.5M to support data engineers in the AI era
• GERMANY: AIRMO raises €5M for airborne and space-based GHG monitoring
• SWITZERLAND: Hyperscale Power raises €5M to advance solid-state transformers
• SPAIN: Amelia secures €5M from Actyus and other investors
• SWITZERLAND: Ark Labs raises $5.2M in funding
• IRELAND: Mobility Mojo raises €4.25M in growth equity funding
• GERMANY: heycare secured €4M in an extended seed round
• SWITZERLAND: Pregnolia secures €3.8M equity funding to bring preterm birth prediction to clinical practice
• PORTUGAL: Sybilion secures $4.2M to build AI platform for industrial markets
• ITALY: Mirai Robotics raises $4.2M pre-seed to build autonomous dual defence maritime systems
• AUSTRIA: Another Earth secures €3.5M to scale AI data and simulation platform
• UK: Cytotrait raises £3M for agricultural gene-editing technology
• GERMANY: finperks raises $4M pre-seed to build prepaid payments infrastructure
• UK: Insurtech Loxa closes £2.7M seed round
• UK: Health tech group Combat Medical raises £2.6M
• GERMANY: Remi Health secured €3M investment
• AUSTRIA: Biotech VALANX lands €3M with Fujifilm for targeting metastatic breast cancer gap
• SPAIN: Delfos Energy secures €3M seed extension to scale AI “virtual engineer” for energy infrastructure
• GERMANY: The business angel network Companisto and bmp Ventures are investing €2.9M in PerioTrap
• SPAIN: $3M for DEXTools’ PerpTools from DEXForce and Orderly
• LITHUANIA: WhiteBridge AI raises €2.6M for its AI-powered people research engine
• UK: ILS secures seed funding to expand ProVision legal workflow platform, bringing total funding to more than $3M
• UK: CrawlJobs raises $3M in funding
• UK: AmpliSi raises £2M to kill graphite in lithium-ion batteries
• FRANCE: Mantle8 awarded €2.06M EU grant for natural hydrogen platform
• SPAIN: Logixs raises €2M to boost its expansion
• UK: University of Edinburgh biotech spin-out BIOCAPTIVA raises £1.58M
• GERMANY: Neuramancer lands €1.7M pre-seed to scale deepfake detection tools
• UK: Spotlight Pathology has raised £1.4M to catch blood cancer sooner
• UK: DataWollet closes £1.3M pre-seed investment
• IRELAND: Kayna raises €1.5M in seed funding
• SWEDEN: Slack co-founder backs Elva's €1.3M round for seamless global hires
• UK: Kinewell raises £750,000 in external funding
• SWEDEN: Ester Care brings in €650,000
• UK: Hosel raises £500,000 pre-seed to create the 'Vinted for golf'
• GERMANY: Datapods received €500,000 investment
• DENMARK: Etiquette received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• DENMARK: Anorit Medical received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• DENMARK: 1st Biome received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• DENMARK: QFactory received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• DENMARK: Heureka Therapeutics received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• DENMARK: 2D received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• DENMARK: Equilibrium Diagnostics received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• DENMARK: Ibnova Therapeutics received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• DENMARK: Cerentry received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• DENMARK: Combotope Therapeutics received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• DENMARK: Vasuqi received €500,000 in convertible loan funding from BioInnovation Institute through Venture Lab programme
• UKRAINE: Defencetech Black Forest Systems raises $400,000 to scale infantry drone platform
• IRELAND: SignaCor Therapeutics lands €288,000 investment as pat of €1.1M seed round
• FINLAND: Mental health startup Bliss raises $270,000 to build culturally intelligent AI for therapy
• SWITZERLAND: InnoBooster supports Eldian Biomed with €166,000
• SWITZERLAND: Dexterous Endoscopes received InnoBooster €166,000 support
• SWITZERLAND: InnoBooster supports Nureo with €166,000
• SWITZERLAND: DeltaSpark secured €166,000 InnoBooster support
• SWITZERLAND: TightValve received €166,000 InnoBooster support
• SPAIN: Sherpa closes a €150,000 investment round
• ITALY: IperMoney closes seed funding round
• TURKEY: Startsub, a company that facilitates subscription-based e-commerce, has received investment from Luvu
• GERMANY: Peeriot secured a seven-figure sum investment
• FRANCE: Fulll receives minority investment from Visma

Exits and M&A activity

• SWEDEN: Expense management startup Ramp takes on rival Brex with European acquisition
• CANADA: Legora makes first acquisition, as it expands North America presence
• FRANCE: Energy Aspects to buy Paris-based Kayrros to add satellite and geospatial analytics capabilities
• FINLAND: ŌURA acquires Helsinki-based gesture-tech startup Doublepoint to expand wearable AI capabilities
• SWITZERLAND: Chain4Travel becomes part of a German startup
• SWITZERLAND: MSCI acquires Compass Financial Technologies
• GERMANY: Berlin-based ShowHeroes is acquiring Munich-based Traffective
• NETHERLANDS: Emagine completes acquisition of Dutch consultancy Waada The Movement
• GERMANY: Superhuman (formerly known as Grammarly) is acquiring the Berlin-based startup Rows