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

Last week, we tracked more than 35 tech funding deals worth over €1 billion and 5 exits, M&A transactions, rumours, and related news stories across Europe.

📊 Our latest monthly report, published last week, shows that European tech startups raised €8.6 billion across 267 funding deals in July, with investment increasing slightly despite a decline in deal activity.

Germany led funding with €3.5 billion, while artificial intelligence was the best-funded sector, attracting €1.8 billion. Exit activity also strengthened, with 51 transactions recorded during the month. 

Access the full report for additional data and analysis on European tech funding and exit activity in July.

❗ Be sure to check out the Tech.eu Funding Explorer, free and open to everyone, for deeper insights into funding data, investor activity, company profiles, and market trends. Now, let's get you up to speed on everything that happened last week.

Have a great week!

Funding deals by amount

• UK: Chip startup Olix raises $312M at $3.3B valuation
• UK: Volta raises $300M at $2.4B valuation with Nvidia and Dell backing
• SPAIN: HappyRobot lands $150M Series C to scale agentic AI for enterprise operations
• GERMANY: NavVis raises $85M in funding
• CYPRUS: Omilia raises $67M in Series B funding
• UK: 10x Banking banks £40M in debt and equity raise
• UK: Mironid raises €39.9M in Series B to advance rare kidney disease treatment
• NETHERLANDS: Multi-day energy storage startup Ore Energy clinches $43M in new investment round
• GERMANY: Moss hits unicorn status after closing €30M Series C to expand its Finance AI suite
• FRANCE: Chargepoly secures €23M to accelerate heavy-duty fleet electrification
• FINLAND: Aiforia secures €20M EIB financing to advance AI-powered cancer diagnostics
• UK: AEM secures £16M to accelerate rare earth-free electric motor innovation
• PORTUGAL: Neuraspace lands €15.6M to expand AI space intelligence platform
• UK: Legaltech firm Wordsmith secures £10.4M Series B extension
• UK: Naked Energy secures €10.35M to build UK solar-thermal technology manufacturing facility
• NETHERLANDS: Vangrid raises $9M seed to build a decentralised spatial intelligence network for the Physical AI era
• GERMANY: conmeet raises €6M to power construction businesses with AI
• SWITZERLAND: Exclaim Robotics exits stealth with €4.29M to build robots for AI data centre maintenance
• SPAIN: FuVeX raises €3M to scale dual-use drone technology across Europe
• FINLAND: SeeTrue Technologies raises €2.2M to commercialise low-power eye-sensing architecture
• FINLAND: Legal AI startup Aavalynx raises £1.5M to cut the cost of corporate disputes
• BELGIUM: Relu raises $1.75M in seed funding
• ITALY: Aflabox raises €1.35M seed to bring food safety testing into the field
• UK: Former Dragons’ Den star joins Alfa AI following £1M investment
• FRANCE: Shiplog raises $1M to build AI customer intelligence for B2B SaaS
• POLAND: Game studio Funventure secures $1M bridge round for platform development
• UK: Safehire.ai received £500,000 investment
• TURKEY: kayIQ.ai, which offers autonomous AI orchestration for quality processes, has received $500,000 in seed funding
• BULGARIA: Estel Technologies raises €270,000 to modernise tech staffing sales
• UK: Groundbreaking pet care innovation PetPact scoops £75,000 grant
• UK: Healthtech start-up Souuthe secures £75,000 grant
• UK: Reimagine Robotics closes pre-seed funding
• TURKEY: Ingosa, an AI-powered adtech startup, has received investment from FutureBright
• UK: Platter lands follow-on funding from Verb Ventures to modernise food supply operations
• SWEDEN: Monava closes funding round as demand for passive drone detection grows
• SWEDEN: Friendship-matching app Gofrendly secures rescue funding after bankruptcy threat
• DENMARK: Factbird receives investment from Verdane
• UK: YardOps hits £2.5M valuation with Haatch investment
• UK: Palatine backs insurtech firm Instanda to support growth

Exits and M&A activity

• ITALY: After AOL and Eventbrite, Bending Spoons lands first post-IPO deal with $1.3B Airtable acquisition
• UK: Mastercard closes acquisition of BVNK
• UK: AutoRek acquires Grath
• CZECH REPUBLIC: Apple acquired PlasmaSolve startup to develop durable coatings for its devices
• FRANCE: Rebuy acquires Zeercle and plans to enter the brick-and-mortar book trade