TEKEVER raises $580M Series D, DTCP closes €455M defence fund, and the challenge to reinvent chip design

This week, we tracked more than 65 tech funding deals worth over €2 billion and over 4 exits, M&A transactions, rumours, and related news stories across Europe.
TEKEVER raises $580M Series D, DTCP closes €455M defence fund, and the challenge to reinvent chip design
This week, we tracked more than 65 tech funding deals worth over €2 billion and over 4 exits, M&A transactions, rumours, and related news stories across Europe.



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💸 Notable and big funding rounds

🇵🇹 TEKEVER raises $580M Series D at $6.4B valuation

🇳🇱 Bird raises $450M in debt, headcount cut from 1,000 peak to 120

🇫🇮 Verda raises $189M to advance its AI cloud and expand compute capacity




🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇩🇪 Munich-based agri-PV startup feld.energy is acquiring its Cologne-based competitor AckerKapital

🇪🇸  EYSA acquires Joinup and strengthens its position as a comprehensive mobility operator

🇫🇷 Mistral AI acquires Pimento and continues its move towards business applications




🚀 Interesting moves from investors

💰 DTCP closes €455M defence fund to scale Europe’s strategic tech capabilities

💵 Final Frontier and Myriad unite behind €100M defence tech fund

💸 NewSchool VC closes €10M Fund I to back early-stage B2B tech

💸.Project Ventures launches £5M fund for Imperial-rooted deeptech and AI startups



🗞️ In other (important) news


🇸🇬 Singapore's NUSX is coming for Munich's deeptech crown — with UnternehmerTUM as its partner

🇪🇺  SPRIND and NADI launch €40M challenge to reinvent European chip design

🇨🇭 Switzerland's top-funded tech companies in H1 2026

🇪🇪 Estonian Defence Forces sign three-year defence tech partnership with VC Archangel



📡 Recommended reads and listens


🇳🇱 Eevi raises pre-seed funding to get language learners speaking from day one

🤖 Adlyse wants AI agents managing ad campaigns 24/7

💪 DiffuseDrive is filling the data gaps holding back Physical AI

🤖 Europeans in Japan raise $1.2M to put modular humanoid robots to work



🔭 European tech startups to watch 

🇩🇪 Palma.ai raises $1.8M to bring governed AI agents to more enterprises

🇳🇱 Duqu raises €1.5M to give businesses faster access to working capital

🇮🇹 Gamindo raises €1.4M to make corporate training more interactive

🇪🇸 AI platform Reply Next secures €400,000 pre-seed funding

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