European Tech Weekly: 60+ Deals Raise Over €1.3B, AI Pulls in €815.6M

Last week, we tracked more than 60 tech funding deals worth over €1.3 billion and over 10 exits, M&A transactions, rumours, and related news stories across Europe.

📊 The top three industries that raised the most were AI (€815.6 million), healthtech (€121.1 million), and fintech (€104.1 million). At the country level, 🇬🇧 the UK took first place (€1 billion), followed by 🇨🇭 Switzerland (€74.4 million) and 🇪🇸 Spain (€59.5 million).

❗ 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: Fractile has raised £577M in Series C funding

UK: NexGen Cloud closes $106M senior secured term loan facility

SWITZERLAND: Perceptive Advisors is providing Swiss MedTech company Distalmotion with a loan of up to $70M

UK: Wealthtech startup Nevis secures €62M to automate financial advisory workflows with AI

UK: Lovey secures a credit facility of up to £250M, comprising £50M committed and a potential £200M accordion

SPAIN: Impress bags €40M EIB financing to expand its digital orthodontics network across Europe

UK: Robotics startup Machenta raises $40M seed investment

NETHERLANDS: Profitable Dutch startup Braid raises €34.1 to help brands launch their own mobile connectivity

UK: Easol raises $30M in Series A extension funding

DENMARK: Biotech Samplix secures €25M in first close of financing round to scale antibody discovery

UK: Circuit Mind raises $25M in new funding

GERMANY: Strollme bags €22M to put more bikes strollers and car seats into European homes

LITHUANIA: Finbee Verslui raises additional €20M

BELGIUM: Ravical raises $17M to break the link between accounting firms growth and hiring

UK: Nous lands $17M to bring AI-powered household management to more homes

GERMANY: Tendos secures €12M seed insight partners

UK: Adsilico raises £10M to test medical devices on virtual patients

SWITZERLAND: Atlas Bio secures $12.5M to tackle drug development's 70% failure rate and move beyond animal testing

GERMANY: Hansetherm secures €10M seed funding investment

SPAIN: Allox closes $10.5M seed financing to scale drug discovery platform

FINLAND: Volare opens €15M 10,000 m² insect protein factory, secures €7.1M to scale across Europe

GERMANY: Muray raises €7.1M to inspect rocket engines and turbines beyond X-ray limits

UK: Former UK government minister Afolami raises £5M for AI insurance broker startup

IRELAND: Lette raises $6.5M to scale AI automation for UK rental operators

UK: Concretene lands £4.5M to scale ‘Manchester graphene’

FRANCE: Bleu Robotics secures €5M to teach humanoid robots new tasks with fewer demonstrations

UK: Analytics platform Querio launches with $5M raise

ITALY: Agora labs raises €4.3M to expand clinical data infrastructure for medical research

SPAIN: Crescenta secures €4M in debt from BlackRock funds and accounts to support its next growth phase

UK: Ripple alum’s Epoch raises $4.25M to help small importers meet EU deforestation rules

POLAND: Autofixer receives €3M from Orbit Capital to support European expansion

SPAIN: Artiso raises over €3M to scale its AI operating system for fashion teams

SWEDEN: Tool that identifies AI-generated material helps Pixel Systems raise €2.7M

UK: Ares Intelligence raises €2.6M to turn employee insights into AI adoption plans

FINLAND: Arctic Ravn raises €2.5M

GERMANY: Evasive Robotics received €2.1M investment

UK: Illumion has raised £1.7M in funding

SWEDEN: Oaiz raises €2M pre-seed to build AI automation you can trust

NETHERLANDS: PaperFoam secures €2M loan to scale sustainable packaging made from starch and natural fibres

SWEDEN: Sib solutions doubles contracted revenue in the US and raises €1.7M to keep accelerating

NORWAY: Fronted raises €1.7M to simplify global hiring and business expansion

ITALY: Testbusters receives €1.5M to grow in edtech

SPAIN: Talky raises €1.5M to automate the financial operations of large companies using AI

DENMARK: Proptech Cortas lands €1.47M in a pre-seed round led by PSV Tech

SPAIN: Fitnesskpi raises €1.3M in funding

GERMANY: Vuse XR receives €1.2M to scale AI-assisted mixed reality training

ITALY: YK-Robotics raises €1M to enable any robotic cell to be programmed with words

DENMARK: KineDB raises €850,000 to rebuild database infrastructure as AI reshapes software development

ITALY: Magic Vision lands €600,000 for AI-powered monitoring solution Silver Eye

GERMANY: Venture capitalist Janna Ensthaler and sales expert Carsten Maschmeyer are investing €500,000 in Meinhaus Digital

GERMANY: NBank Capital is investing €500,000 in InhalPlus

NETHERLANDS: FLTRD raises €500,000 to help shoppers cut through ultra-processed food

SPAIN: OmniWallet closes a capital increase of €220,000

SWITZERLAND: Prismus lands €163,000 to bridge the gap between scientific discovery and industry

SWITZERLAND: Venture Kick backs CHD with €160,000 to advance remote pregnancy monitoring

GERMANY: QuoIntelligence secures backing from ex German finance minister Christian Lindner months after €7.3 million Series A

ITALY: Nethive receives investment from Bregal Milestone

GERMANY: Lena Gercke is investing an undisclosed sum in Joy

ICELAND: Jónsbók attracts Crowberry and Leo Capital to expand legal AI in Europe

GERMANY: G+D Ventures is investing an undisclosed sum in Impossible Cloud

UK: AML Analytics receives investment from Covalent Equity Partners

UK: Ex-detective’s stealth startup 22one valued at nearly $400M, backed by Sequoia and Lux

Exits and M&A activity

UK: Guidewire acquires AI startup Hyperexponential for $1.7B

GERMANY: YellowFox is acquiring the Berlin-based AI startup peregrine.ai

GERMANY: The German-American saas.group is acquiring 3D AI Studio

NETHERLANDS: Perciv AI was acquired by Destinus

PORTUGAL: Lengow acquires Daily&Co

UK: Kennedy Lewis Investment Management has acquired a majority stake in the Munich-based camping scale-up Roadsurfer

UK: Digital Science acquires Jenni AI to bring verified research data to AI-powered academic writing

DENMARK: Evertrace acquires Veck to strengthen early founder detection

UK: Paris-based Naboo acquires UK meetings and events specialist pro-ven

FRANCE: Greentech Alliance acquires Intermobility to tackle Europe's mobility coordination and funding gap