Ineffable Intelligence launches with $1.1B, Nebius buys Eigen AI in $643M deal, and UK startups enter UK parliament

This week, we tracked more than 65 tech funding deals worth over €2.2 billion and over 5 exits, M&A transactions, rumours, and related news stories across Europe.
Ineffable Intelligence launches with $1.1B, Nebius buys Eigen AI in $643M deal, and UK startups enter UK parliament
This week, we tracked more than 65 tech funding deals worth over €2.2 billion and over 5 exits, M&A transactions, rumours, and related news stories across Europe.
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💸 Notable and big funding rounds

🇬🇧  Ineffable Intelligence launches with record-breaking $1.1B seed round

🇬🇧 Ebury financing of over £550M

🇩🇪 Robotics startup Sereact raises $110M


🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🤖 Nebius buys US AI inference startup Eigen AI in $643M deal

🇫🇷  Rivage raises €50M and acquires Infoclip to build a major managed services and cybersecurity group

🇩🇪 ECD International is acquiring a majority stake in Munich-based influencer marketing agency SC Media House


🚀 Interesting moves from investors

💸 KOMPAS VC closes €160M Fund II for industrial tech startups

💰 EQT secures €3.1bn for European logistics fund

💵  Earlybird closes €360M Fund VIII, doubling down on deeptech and long-term ownership


🗞️ In other (important) news

🇩🇪  SPRIND launches €125M Next Frontier AI challenge to back new AI paradigms in Europe

🔧  UK to develop AI hardware plan

🤖 Europe’s AI-native founders are building faster — and younger — than ever

🇪🇺  Europe urged to become first “electro-continent” with 50% electrification target by 2040

🤖 Freepik rebrands as Magnific, unifying its AI creative stack as enterprise and “no-collar” growth accelerates


📡 Recommended reads and listens

🇬🇧 UK startups enter UK parliament with hope for change

🇩🇪 Berlin tech’s new reality: AI-driven output, stagnant wages, and a workforce on the move

💻 Software: 10 companies that raised the most in 2025

🇪🇺 Invest Europe: PE- and VC-backed firms grow jobs 4%, 4x faster than Europe in 2024


🔭 European tech startups to watch 

🇬🇧 ManaMind secures $1.5M to develop autonomous testing for gaming


🇮🇹  Always Friday raises €1.05M to automate corporate event planning with AI agents


🇨🇿 Tapaya raises €1M pre-seed to power payments on any device


🇨🇭 Qendra gets €162,000 to scale quantum computing systems


🇩🇰 Atech raises pre-seed to unlock a new era of Physical AI builders with the "Lovable for hardware"


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