European tech weekly recap: €720M in deals and March's highlights

Last week, we tracked more than 40 tech funding deals worth over €720 million, and over 5 exits, M&A transactions, rumours, and related news stories across Europe.

📊 European tech activity in March 2026 showed a slight cooling compared to February, while overall market conditions remained stable. The ecosystem recorded 292 funding deals and €7.5 billion in capital raised, down marginally from 296 deals and €7.8 billion the previous month.

A more notable shift occurred at the country level, with 🇬🇧 the UK funding declining to €2.6 billion from €3.8 billion, indicating reduced capital concentration. Sector dynamics also evolved, as 🤖 AI led with €1.8 billion in funding, overtaking transportation, which dominated in February.

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 March 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

• FRANCE: Aura Aero secures €340M to launch from Toulouse and Florida
• SPAIN: Xoople raises $130M Series B to build Earth’s system of record
• UK: MillTech receives $60M investment from Apax Digital Funds
• BELGIUM: Magnax secures €35.5M with Foxconn backing to industrialise axial flux motor technology
• SPAIN: PLD Space adds €30M EIB loan as it advances toward MIURA 5 test flight
• UK: Narwhal Labs secures £20M for its autonomous comms platform
• UK: AccuQuant raises $20M to expand AI-driven fintech infrastructure
• UK: OpenAI and Spotify leaders back AI agent security startup Trent AI in $13M seed round
• SPAIN: Wallbox secures €11M in interim funding
• BELGIUM: neuroClues raises €10M Series A to become the brain’s stethoscope for early diagnosis of neurological disorders
• ITALY: TeiaCare raises €7M to accelerate growth and internationalisation
• FINLAND: Treon raises €6.8M in Series A extension funding
• FRANCE: Cobl raises €6M to automate salespeople's paperwork with AI
• UK: AI customer experience platform Serve First raises £5M
• SPAIN: Crescenta closes a €5M funding round
• SPAIN: Peptomyc raises €5M in round
• GERMANY: Conxai secures €5M for construction agentic AI as investors look to modernise old industry
• NETHERLANDS: AirHub secures €4.4M to build mission-critical drone software for Europe’s security and defence operations
• ITALY: CareGlance raises €3.5M in seed funding
• UK: Berry-picking robot maker Fieldwork Robotics secures £3M for farm trials
• CYPRUS: Stablecoin startup Inxy raises $4M
• FRANCE: Plume raises €3.3M to cut years from renewable energy development timelines
• ESTONIA: Handhold raises €3M to replace fragmented software buying journeys with AI account managers
• CZECH REPUBLIC: Edmund secures €2.5M to bring AI-driven troubleshooting to the factory floor
• TURKEY: Biotechnology startup PhiTech has secured $2.4M in investment
• BULGARIA: nFuse raises $2M as messaging overtakes B2B ordering apps
• NETHERLANDS: MAECONOMY raises €1.5M to turn building materials into auditable, monetisable circular assets
• IRELAND: Apex B2B launches its SaaS platform for merchants with £1.3M backing
• CZECH REPUBLIC: Felix raises $1.7M in pre-seed funding
• SPAIN: Golden Owl raises €1.4M to advance AI-powered anticipatory intelligence operating system
• SPAIN: Centinel raises €1.2M
• SWITZERLAND: $1.3M to speed Insurteam European deployment
• SPAIN: Arca Digital snaps €1M from DraperB1 and Robin Capital to fix Spain's broken pension system
• SPAIN: Sybol raises €1M+ to advance its corporate digital identity wallet
• UK: Qoro closes $750,000 to bridge quantum and classical computing
• UK: Workplace pensions startup Compound raises £500,000
• UK: WholeSum tops up pre-seed with $335,000 to fix AI’s trust problem in text analytics
• PORTUGAL: EIGHT is raising a €3M seed round to scale its video-first dating app, with over €256,000 already raised
• SWITZERLAND: CycloWatt receives €160,000 from Venture Kick
• SWITZERLAND: Bewy receives €160,000 from Venture Kick
• IRELAND: Octostar closes seed extension round for its sovereign AI-native intelligence platform
• SPAIN: Semidynamics receives strategic investment from SK hynix
• SWITZERLAND: Amundi invests in Youdera to scale distributed energy infrastructure
• UK: BGF backs Fivium with multi-million-pound investment

Exits and M&A activity

• BULGARIA: Eilla AI executes Europe’s first AI-native M&A deal
• SPAIN: Accenture acquires Spain's Keepler to deepen AI and data capabilities in Spain and EMEA
• GERMANY: Berlin-based Nuventura acquired by Lucy Group to scale SF₆-free switchgear globally
• FINLAND: Finnish counter-drone startup Sensofusion acquires Atol Aviation, launches Sensofusion Aviation
• FRANCE: Silae acquires the French startup Kanoon from Legalplace to focus on legaltech
• SWITZERLAND: Staynex Group acquires Travel-Tech platform Sleap.io
• UK: London-based photo-organising startup Picnic acquired by French app publisher MWM
• FRANCE: Ad Terra takes stake in 45-8 Energy to support regional sovereignty and secure access to subsurface resources