European startup funding news & dispatches

Scaling Europe Daily - 18.6.

️ Poland backs ElevenLabs, Cleo races towards Europe’s $500m ARR club and CuspAI is set to raise at a $2.6bn valuation

Scaling Europe Daily - 17.6.

️ Cohere triples its London footprint, joining OpenAI and Anthropic in expanding their presence in the city...

Scaling Europe Daily - 16.6.

️ The UK is turning into a much bigger AI force, as the sector hits £1.2tn and n8n expands in London

Scaling Europe #42

Europe has a new Decacorn and Bending Spoons looks to IPO

Scaling Europe Daily - 13.6.

️ Europe’s AI race is producing some very big numbers, with Mistral AI now eyeing a €20bn valuation…

Scaling Europe Daily - 12.6.

️ One of Europe’s biggest rounds of the year goes to a robotics company, while Cambridge Aerospace eyes a $3.5bn valuation…

Scaling Europe Daily - 11.6.

️ London is attracting some of the world’s biggest AI companies, while Slush publishes its first Impact Report…

Scaling Europe Daily - 10.6.

️ Finland’s startup ecosystem is on fire, with ICEYE becoming Europe’s latest decacorn…

Scaling Europe Daily - 9.6.

️ $300m Series C from PhysicsX and movements towards sovereignty and innovation within AI in the UK...

Scaling Europe #41

Revolut valued at $115bn....

Scaling Europe Daily - 6.6.

️ Dwelly eyes $200m, and Europe’s first AI-native bank takes shape…

GR3N secures €15.5M to build microwave PET recycling plant

The Swiss climate tech startup will use the new capital to build a commercial-scale plant using microwave technology to recycle complex PET and polyester waste.

Scaling Europe Daily - 5.6.

️ Fuse Energy hits $550m ARR, and Lovable reaches 25 million projects…

Generalist AI raises €371.4M to build universal robotics software

Generalist AI raised €371.4M to build a foundational AI 'brain' capable of controlling various types of robotic hardware.

Fuse Energy raises €25M Series B extension to scale green utility model

The London-based energy supplier secured fresh capital to expand its vertically integrated renewable energy model.

Airspeed secures €17.2M Series A for autonomous sales agents

The London-based startup uses autonomous AI agents to automate CRM updates and sales follow-ups for more than 200 global customers.

New Dawn Bio secures €2.1M pre-seed to grow lab-cultured wood

Wageningen-based New Dawn Bio is developing cultured wood grown from tree stem cells in bioreactors to eliminate logging and manufacturing waste.

Merantix Capital secures €103M to scale European industrial AI startups

The Berlin-based VC firm's largest fund to date will back 40 early-stage European startups embedding AI into industrial and enterprise sectors.

Innovorder raises €20M to scale its restaurant digitalisation platform

The Paris-based FoodTech scale-up will use the funding to expand its AI-driven restaurant management platform across Europe and pursue organic growth.

Kodesage secures €6.05M Seed round to automate enterprise code maintenance

The London-based startup secured Seed funding from Picus Capital to help enterprises manage technical debt and maintain complex legacy codebases using AI.

Scaling Europe Daily - 4.6.

️ Factorial hits a €2.1bn valuation, and quantum computing lands a whopping €400m…

Hume raised €32.4M Series A to automate small business operations

The Netherlands-based startup, founded by former Robinhood and Superhuman executives, aims to automate end-to-end operations for small businesses.

Semble secures €35.8M Series C for private healthcare infrastructure

The London-based healthtech provider will use the Series C capital to expand its clinical infrastructure platform across the UK and France.

Luma secures €34M to build spatial AI data layer

The UK-based startup raised €34M from A16Z and Nvidia to develop generative AI models that turn 2D images into photorealistic 3D assets.

OQC secures €300.7M in record-breaking European quantum round

The Reading-based quantum hardware firm raised €300.7M in a Growth round to scale its 3D architecture and enterprise cloud services.

Wordsmith raises €66.4M Series B to automate corporate legal workflows

The London-based startup secured capital from Redpoint and Index Ventures to automate contract reviews and complex document analysis for in-house legal teams.

Upstream secures €2.85M Seed round to rebuild the AI inbox

French startup Upstream raised €2.85M to build an AI-native email client designed to manage automated workflows and delegate tasks to digital agents.

Balkantel banks €5M Seed to fix CEE payment fragmentation

Bulgarian fintech Balkantel raises €5M Seed round to streamline fragmented payment infrastructure for merchants across Central and Eastern Europe.

Oxford Quantum Circuits secures €301M to scale data-centre quantum platform

Oxford Quantum Circuits raised a €301 million Series C to scale its hardware and integrate quantum computing directly into global data-centre infrastructure.

Paypercut raises €5M Seed for CEE payment expansion

The Sofia-based payments platform will use the fresh capital to expand its merchant services and checkout solutions across eight markets in CEE.

Flok Health secures €11.5M to scale AI-driven physiotherapy clinic

The Cambridge-based healthtech startup uses spatial AI to deliver automated, personalised physiotherapy video sessions for patients with MSK conditions.

Scaling Europe Daily - 3.6.

️ Martin Scorsese joins Black Forest Labs, and ex-Revolut founders raise $26m…

Quobly secures €115M Series A to industrialise silicon quantum computing

The French startup will use the capital to scale production of its silicon-based quantum chips using existing semiconductor manufacturing infrastructure.

Factorial secures €138M Series D at a €2.3B valuation

The Spanish HR tech platform raised €138M to scale its automated workforce management tools for mid-market companies globally.

INXM banks €5.7M pre-seed to automate enterprise workflows

Berlin-based INXM raised €5.7M in pre-seed funding to launch its AI-driven process execution engine for enterprise and Mittelstand operations.

Gigaton secures €24.4M to decarbonise heavy industry with AI

London-based Gigaton raises $26m to deploy industrial AI for reducing emissions and energy costs in heavy manufacturing sectors like cement and steel.

Oxford Quantum Circuits secures €308M Series C for global hardware deployment

The UK scaleup will expand its 'quantum computing as a service' model across global data centres following the largest private quantum raise in European history.

Agile Robots raises €750M growth round from SoftBank Vision Fund 2

Munich-based Agile Robots is in talks to raise approximately €750M in a growth round led by SoftBank Vision Fund 2 to scale its AI-powered industrial hardware.

EnduroSat eyes €188M Series C for satellite expansion

The Bulgarian satellite manufacturer is seeking fresh capital to scale its software-defined satellite services across Europe and the US.

Enara Bio banked €48.8M to target cancer via genomic dark matter

London-based Enara Bio secures €48.8M to develop cancer immunotherapies targeting genomic "dark matter" for T-cell receptor therapies.

Zazume secures €2.5M to consolidate Spanish rental management market

The Barcelona-based PropTech startup will use the bridge funding to acquire rental management portfolios and expand its AI-powered platform across Spain.

Tilt raises €23.9M Series A to scale live-commerce platform across Europe

London-based live-commerce platform Tilt secures €23.9M to expand its video-led shopping marketplace and AI tools across Europe.

Twinco Capital banks €165M to scale purchase order financing

The Madrid-based fintech provides upfront liquidity to global suppliers by financing purchase orders for large retail supply chains.

DEScycle secures €10M in grants to advance e-waste metal recovery

London-based DEScycle secured over €10M in grant funding from EU and UK programmes to scale its modular platform for recovering critical metals from e-waste.

Modelia secures €1.03M to scale AI visual asset production for fashion brands

Madrid-based Modelia raises €1.03 million to help fashion brands automate the production of industrial-scale visual campaigns using generative AI.

Poindexter Labs raises €2.4M Seed round to automate AI data pipelines

The London-based startup founded by a former maths teacher raised capital after bootstrapping to £1.6M in revenue to fix automated data pipelines for AI.

Scaling Europe Daily - 2.6.

️ Revolut, Mistral, Wayve and ElevenLabs join forces for European startups…

Phia secures €32.48M Seed round from celebrity-led investor group

The German consumer goods startup raised over €32M from a celebrity-heavy syndicate including Paris Hilton and Justin Bieber.

Emmi AI banks €6M backed by Mistral AI co-founders

The Vienna-based startup develops AI world models and simulation technology to train agents in virtual environments.

Gradient Labs doubles Series A to €24.3M for autonomous finance agents

The London-based startup, founded by former Monzo engineers, will use the capital to scale its automated AI agents for lending and compliance workflows.

Gradient Labs raises €24.4M Series A to automate financial operations

The London-based startup founded by former Monzo executives will use the capital to scale its autonomous AI agents for complex banking operations.

Fluidic Machines raises €11.4M for fluid circuit board prototyping

Fluidic Machines raised €11.4M to develop reconfigurable circuit boards that use liquid metal to rewire physical electronics in under a minute.

Circular11 secures €2.7M to turn low-grade plastic waste into lumber alternatives

Dorset-based Circular11 raised €2.7M to scale proprietary technology that transforms low-grade plastic waste into low-carbon building materials and outdoor furniture.

Battery storage startup encosa secures €25M Seed round

Munich-based encosa provides an end-to-end battery storage and energy trading platform designed to reduce electricity costs for energy-intensive SMEs.

Lune & Wild secures €2.3M to expand premium children’s food brand

London-based Lune & Wild raised €2.3M in Series A funding led by Guinness Ventures to expand its chef-led organic baby and children’s food brand.

Scaling Europe #40

Mistral signs big customer, Stark to be valued at 2.5bn....

H100 raises €1,000M to build European AI infrastructure

Paris-based AI infrastructure firm H100 has secured €1,000M to counter the dominance of American model makers and scale European computing power.

Invisix banks €20M Seed to fix chip manufacturing flaws

The ASML spinout will use the capital to scale its electron-beam metrology tools for high-end semiconductor manufacturing.

Gentrace raises €4.34M Seed to solve the AI testing bottleneck

The Helsinki-based startup builds evaluation and monitoring infrastructure to handle the surge of code produced by AI assistants.

Scaling Europe Daily - 30.5.

️ Oura files for an IPO, and a London AI lab emerges with $50m…

Bayshore secures €7.4M seed to automate legal compliance with AI agents

The legal tech startup raised €7.4M to convert regulatory rulebooks into machine-readable code for automated compliance agents.

Oblivious AI secures €2.8M Seed round for data security tools

Dublin-based Oblivious AI secures €2.8M Seed funding to develop secure environments for processing sensitive data without compromising privacy.

Atheni secures €0.42M pre-seed to scale its AI adoption platform

The London-based startup secured investment from angel Alex Chesterman to help employees bridge the gap between AI access and measurable business value.

Cloudgeni raises €858k Pre-Seed to automate cloud infrastructure operations

The Oslo-based startup develops autonomous AI agents to automate cloud infrastructure configuration, security, and compliance monitoring.

Webout secures €1.65M to scale personalised video platform in the US

Based in Brno, Webout raises €1.65M in Seed funding to expand its automated personalised video platform into the US market.

Fonoa secures €94.4M Series C to automate global tax operations

Dublin-based Fonoa raised €94.4M and acquired PwC’s Indirect Tax Edge platform to automate global tax compliance for digital giants like Netflix and Uber.

Silverflow secures €37M Series B for global payment infrastructure expansion

The Amsterdam-based fintech is scaling its cloud-native processing platform after seeing transaction volumes reach an annualised run rate of one billion.

MokN raises €12.9M Series A as GV makes first French investment

French cybersecurity startup MokN raises €12.9m led by GV to expand its proactive identity recovery platform and enter the UK and US markets.

Fonoa raises €101.4M Series C and acquires PwC’s tax platform

The Croatian-founded fintech will use the capital and its acquisition of PwC’s tax platform to automate global tax compliance for digital businesses.

Scaling Europe Daily - 29.5.

️ Orbital Industries raises €43m, Geordie AI adds €25m, and Peec AI lands $21m…

Mafer AI banks €2M to accelerate industrial formulation R&D

The Barcelona-based startup raises €2M to build an AI-native operating system for R&D teams in the cosmetics, food, and chemical formulation industries.

Corgi secures €97.5M Series B1 as valuation doubles in three weeks

The London-based insurtech is now valued at €2.4B just three weeks after its previous raise, focusing on AI-related liability for startups.

Geordie AI secures €25M to govern enterprise AI agents

London-based Geordie AI raises €25M Series A led by Balderton Capital to help enterprises manage the security and governance risks of autonomous AI agents.

Transition Ventures raises $150M Fund II for physical AI infrastructure

London-based Transition Ventures closed its second fund to back startups building real-world infrastructure for the artificial intelligence era.

Solstice raises €19.8M Series A for pharma marketing automation

The UK-based startup automates pharmaceutical marketing workflows to reduce campaign delivery times from months to days.

Geordie raises €28.4M Series A to secure AI agent infrastructure

London-based Geordie raises €28.4M in Series A funding led by Balderton Capital to secure enterprise infrastructure against risks from autonomous AI agents.

Stellar Alpina raises €3.8M for detonation-based space propulsion

Zurich-based Stellar Alpina raised €3.8M pre-Seed to develop high-efficiency rotating detonation rocket engines for satellite orbital transfers.

London GPU cooling startup raises €46.3M for AI infrastructure

An unnamed London startup founded by an ex-DeepMind researcher raised $50M to build AI-driven, non-toxic cooling systems for high-performance GPUs.

Eddy Grid secures €7.5M to scale renewable energy market optimisation

The Utrecht-based EnergyTech firm will use the funds to strengthen its balance sheet and expand its energy asset optimisation software into Germany.

Orbital Industries raises €43M Series B for AI-designed industrial hardware

The London-based company uses AI-driven systems to accelerate the design and manufacturing of physical infrastructure for data centres and industrial use.

Borro secures €1.3M to scale its reusable cup return system

Borro raised €1.3 million to expand its camera-based automated deposit return system for reusable cups at stadiums and festivals across Europe.

Scaling Europe Daily - 28.5.

️ Pure DC lands a MASSIVE $2.7bn, and UK tech funding is booming today…

Kopa.ai banks €2M Pre-Seed for e-commerce automation

The London-based startup raised €2M to automate operational workflows and task management for e-commerce brands through an AI-led operating system.

Airis Labs secures €55.2M to scale AI computer vision platform

London-based Airis Labs launches from stealth with €55.2M to automate the processing of raw video data into operational intelligence.

Biohm raises £4M to grow construction materials from fungi

The Bristol-based startup develops carbon-sequestering insulation and building materials grown from mycelium and organic waste.

Atinary raises €11.2M Seed round for AI-driven laboratory automation

The Lausanne-based startup's platform automates chemical experimentation to speed up drug discovery and materials science R&D.

Mykor raises €4.6M to scale biofabricated construction materials from waste

The Bristol-based startup uses engineered mycelium and agricultural waste to manufacture low-carbon insulation and partition walls for the construction industry.

WeRoad banks €49M Series C led by Airbnb for US expansion

Milan-based adventure travel platform WeRoad raises €49 million in a Series C round led by Airbnb to launch its group-travel model in the United States.

Scaling Europe Daily - 27.5.

️ Gary Lineker launches a creator fund and Anthropic’s European revenue jumps 9x…

Caudal Energy secures €4.9M to scale tidal power technology

The Oxford-based energy company is developing subsea systems to generate predictable baseload power from tidal currents.

Deel banks €184M to scale global payroll and compliance infrastructure

The London-headquartered payroll platform raised €184M to expand its global hiring and compliance infrastructure for remote teams.

Pacifico Biolabs raises €7M to scale mycelium fermentation in brewery tanks

The German FoodTech startup raised €7M to produce meat and seafood alternatives by fermenting mycelium within repurposed industrial brewery infrastructure.

Oxford Spinout secures €5.1M to scale predictable tidal power hardware

The University of Oxford spinout raised €5.1M to develop more durable turbine components for the predictable but technically challenging tidal energy sector.

Polsia banks €28M Series A as one-person startup hits €233M valuation

The French AI productivity startup raised $30M at a $250M valuation to automate back-office operations for solopreneurs using an all-AI workforce.

D-CRBN bags €17.5M Series A to recycle industrial carbon emissions

Antwerp-based D-CRBN raises €17.5M to scale its plasma technology that converts captured CO2 emissions into feedstock for sustainable fuels and chemicals.

ReVision Implant raises €4M for brain-interfaced bionic vision

Dutch medtech startup ReVision Implant raises €4M to develop a neural prosthesis that restores sight by communicating directly with the visual cortex.

German restaurant tech allO raises €13.2M Series A led by Zigg Capital

allO raises €13.2M Series A to automate restaurant administration and front-of-house operations via its AI-driven operating system.

Scaling Europe Daily - 26.5.

️ Oura files confidentially for IPO, and a BIG raise in Austria to turn road traffic into electricity…

Scaling Europe #39

EQT pips Atomico to 5bn....

Certo secures €3.68M Seed to automate compliance for beauty brands

Paris-based Certo raises €3.68M to automate ingredient and labelling compliance for global beauty and CPG brands using AI.

Quanscient raises €10M Series A for cloud-based quantum simulation

The Tampere-based startup provides cloud-and-quantum-powered multiphysics simulation software to accelerate hardware R&D for the automotive and aerospace sectors.

Lucis raises €18.5M for AI-driven preventative health platform

The YC-backed startup uses AI and biological testing to provide personalised preventative health roadmaps and diagnostics.

Finland’s Avrea secures €4.34M Pre-Seed to automate code management

The Finnish startup raised a €4.34M Pre-Seed round led by Earlybird Venture Capital to build an AI-native alternative to GitHub.

Copenhagen startup Perplant raises €1M to scale precision agriculture sensors

Perplant raised €1M for its tractor-mounted AI sensors that scan fields in real-time to cut chemical use and provide precision data for sustainable farming.

Backoffice secures €150k Pre-Seed to digitise hospitality operations

The Vilnius-based startup raised €150k from FIRSTPICK and Lost Astronaut to scale its management software for restaurants and hotels across Europe.

Tequipy raises over €3M to automate global device logistics

Poland's Tequipy raised over €3M in Seed funding to automate the global shipping, configuration, and retrieval of employee IT devices.

Scaling Europe Daily - 23.5.

️ A new unicorn is born in UK and funds are flying. You should also keep an eye out for Scaling Europe events...

Zerops secures €1.7M seed round to scale global cloud platform

The Prague-based PaaS startup secured €1.7M in seed funding to expand its cloud infrastructure across the U.S. and Asia.

Fresha banked €68.9M to scale AI-powered beauty marketplace globally

London-based beauty and wellness platform Fresha reaches unicorn status following a €68.9 million growth investment led by KKR.

August Robotics secures €28.4M for autonomous construction fleets

The Greek-led Series B round will fund a new Athens hub and the rollout of autonomous drilling robots for hyperscale data center construction.

Scaling Europe Daily - 22.5.

️ ICEYE secures €300m, Pivot raises €34.4m and Anthropic is hiring copywriters for up to $320k…

Harmoney secures €10M to automate counterparty risk management

The Ghent-based regtech provider will use the capital to scale its international operations ahead of new EU anti-money laundering regulations.

Fresha reaches unicorn status with €75.5M round from KKR

The London-based beauty and wellness platform reaches a $1bn valuation following an $80m investment from KKR to fuel international expansion and AI tools.

The Department of Truth banked €6M Seed round

UK-based Web3 infrastructure startup The Department of Truth raises €6M Seed round led by Polychain Capital to build institutional-grade financial primitives.

ClearOps secures €8.6M Series A for industrial after-sales platform

Munich-based ClearOps raises €8.6M to scale its AI-driven after-sales platform for industrial manufacturers and dealer networks.

Fresha secures €75.5M growth investment to scale beauty marketplace

The London-based wellness marketplace reaches a $1B valuation following $80M in growth funding from KKR to expand its booking platform and AI features.

ICEYE secures €300M debt facility to scale satellite constellation

The Finnish SpaceTech company secured a three-year revolving credit facility to back sovereign intelligence contracts and support its global satellite constellation.

Scaling Europe Daily - 21.5.

️ Primer raises €86.2m, Dunia plans €280m GigaLab and Deel names its $15m pitch winners…

siliXon secures €1.42M Seed to automate circuit board design via AI prompts

London-based siliXon secures €1.42M to automate the design of printed circuit boards through an AI-powered natural language interface.

Pivot secures €34.4M Series B for AI procurement platform

Paris-based Pivot raised €34.4M to replace manual procurement workflows with an AI-native operating system for enterprise spend and invoicing.

Imperagen secures €6M Seed to automate enzyme engineering

The Manchester-based biotech startup uses quantum simulations and AI to accelerate enzyme design for the pharmaceutical and manufacturing sectors.

Hardline raises €1.85M Pre-Seed for construction voice tech

The London-based startup raised €1.85M to automate construction site documentation via a voice-first reporting platform.

Prelude secures €17.2M to modernise digital onboarding infrastructure

Paris-based Prelude raised €17.2M to solve phone verification fraud and onboarding friction via its integrated trust infrastructure platform.

Quantum Bridge raises €7.4M Series A for quantum-secure cryptography

Italy-based Quantum Bridge secures €7.4M to deploy quantum-resistant encryption for the finance, defence and government sectors.

Viktor secures €64.7M Series A for autonomous AI coworker platform

Warsaw-based Viktor raised €64.7M to scale its autonomous AI agents that integrate with Slack and Microsoft Teams following a rapid rise in revenue.

Infrawatch banked €2.85M pre-seed for unified threat intelligence

The London-based cybersecurity startup is building a unified intelligence layer to consolidate infrastructure threat monitoring.

AVIAN banks €2.2M pre-seed for industrial fire prevention AI

Zurich-based AVIAN raised €2.2M to expand its AI-powered thermal monitoring platform, which detects industrial fire risks and equipment failures in real-time.

Benji secures €5.75M Seed round for loyalty infrastructure API

The London-based startup provides API infrastructure to connect fragmented loyalty programmes and reward platforms.

Scaling Europe Daily - 20.5.

️ viktor.com hits $15m revenue run rate in 10 weeks and raises $75m…

Scaling Europe Daily - 19.5.

️ Dust raises $40m, Humanoid signs German factory deal and EQT takes on the €5bn Scaleup Europe Fund…

Qurie raises €2.2M Seed to eliminate chemical refrigerants from cooling systems

Freiburg-based Qurie raised €2.2M to commercialise compressor-free refrigeration systems using electrocaloric materials and patented heat pipe technology.

Primer secures €92.5M to scale AI-powered payment infrastructure

The London-based payments infrastructure provider will use the capital to drive US expansion and automate merchant payment stacks using AI.

CircuitHub raises €26.3M Series B for automated electronics manufacturing

The UK-based manufacturing tech firm will scale its automated electronics assembly lines following a funding round led by Plural.

Status AI secures €16.1M to replace social feeds with role-playing worlds

Status AI raises $17M to scale a gamified social network where users role-play as characters within immersive, user-generated digital worlds.

Ledgy banks €32M Series B for equity management platform

The Zurich-headquartered fintech raises €32M to scale its equity management and cap table platform for international startups.

Lauxera Capital Partners closes €520M growth fund for European healthtech

The French growth equity firm closes its second healthtech vehicle in 18 months to scale European medical technology and digital health companies.

Unframe raises €46.3M Series B to scale production-ready enterprise AI

The London-based startup secures capital to help large organisations move artificial intelligence projects from experimental pilots to full-scale production.

Stilta secures €9.7M Seed to automate patent litigation research

The Stockholm-based legal tech startup uses AI agents to automate patent research and identify latent value in intellectual property portfolios.

Feldwerke secures €12M debt facility for dual-use solar infrastructure

The Munich-based AgTech startup will use the revolving credit facility to build a 100 MW portfolio of combined solar and farming installations.

Mouro Capital secures €343.4M first close for third fintech fund

The London-based VC firm secured a €343.4 million first close for its third fund to back fintech and AI-native financial infrastructure startups.

Invertix banked €1.7M Pre-Seed for renewable energy AI workers

Berlin-based Invertix raised €1.7M in Pre-Seed funding to automate administrative bottlenecks in the renewable energy sector using AI agents.

NEX Health Intelligence secures €1M pre-seed to track hospital superbugs

The UK-based startup will use the pre-seed funding to deploy software that predicts the spread of drug-resistant superbugs within hospital wards.

Exhibitly raises €1.4M to personalise B2B event websites

The Ghent-based startup provides an AI-driven personalisation layer for B2B event websites to increase registration conversion rates.

Scope raises €18.5M from Index Ventures for industrial AI inspections

The London-based startup provides an AI workflow platform to digitise manual reporting for the $300bn testing, inspection, and certification market.

Italian legal tech Lexroom secures €46.3M Series B for European expansion

The Milan-based startup provides an AI research and drafting platform used by over 8,000 law firms and corporate legal teams.

Bunch raises €33.2M Series B to automate venture capital operations

The Berlin-based fintech provides an AI-native operating system for venture capital and private equity firms to manage fund entities and investor relations.

CRACI raises €1.4M pre-seed to automate software supply chain compliance

The Helsinki-based startup provides automated compliance tools to help software manufacturers meet the requirements of the European Cyber Resilience Act.

Mediads secures €3M Seed to amplify social ads via premium publishers

The French adtech startup allows brands to run social media advertisements under the handle of premium publishers to improve trust and engagement.

Leadbay raises €3.97M Seed round to find offline sales leads

The London-based startup raised €3.97M to help sales teams identify prospective customers that lack a digital footprint on traditional social platforms.

Calibre raises €3.12M Pre-Seed for AI certification agents

The London-based startup founded by former Palantir executives will use the capital to automate industrial certification and compliance workflows.

Dust secures €37.4M Series B to scale internal AI agents for enterprise

Paris-based AI startup Dust raises €37.4M to expand its enterprise workspace platform that builds custom AI agents using internal company data.

Cosmico secures €12M Series B to scale digital talent marketplace

The Italian HRTech platform will use the capital to acquire influencer agency Flatmates and scale its AI-driven talent marketplace.

Salt & Fiber raises €300k to produce textile yarns from sea waste

The Malmö-based startup processes beach-cast seagrass into plant-based, biodegradable yarns to provide a low-impact alternative for the textile industry.

Searchable raises €12.3M to optimise brand visibility in AI search results

The London-based startup secured £10.3M at a £62.9M valuation to help brands optimise their presence and citations within generative AI search outcomes.

Greenpixie raises €5.63M Seed round to track cloud and AI emissions

The London-based climate tech startup helps enterprise clients monitor and reduce the carbon footprint of their cloud computing and AI workloads.

LawX raises €7.5M Seed round for German legal AI platform

Munich-based LawX raises €7.5M to scale its AI-driven operating system for German legal professionals and notaries.

Scaling Europe #38

Over $3bn raised this week...

Alcolase secures €1.5M Seed to treat alcohol intolerance

The Copenhagen-based biotech raised €1.5M to develop an oral enzyme therapy for ALDH2 deficiency, a condition affecting 500 million people.

Scaling Europe Daily - 16.5.

️ Multiverse secures €60m, Lansdowne launches new VC fund and nsave opens banking access for Syrians…

Destinus in talks for €200M growth round

The Netherlands-based drone and missile developer is reportedly seeking fresh capital at a €5bn valuation ahead of a planned IPO.

Eighteen48 Partners banks €175M for debut European private equity fund

The London-based firm secured a first close for its debut fund to target mid-market buyout opportunities across the European continent.

Exaforce raises €106.83M to automate cyber defense with agentic AI

The Czech-led cyber defense platform raised $125M to automate enterprise security and operations using agentic AI.

Elephant Company secures over €5M for frontline worker training

The Berlin-based startup provides an AI-powered training platform and mobile assistant designed specifically for deskless frontline workers.

Multiverse raises €65.1M to drive corporate AI upskilling

The London-based EdTech unicorn will use the capital to help enterprises upskill their workforces for AI integration.

Multiverse secures €60M at €1.8B valuation for AI workforce training

The UK-based upskilling platform raised €60M at a €1.8 billion valuation to expand its AI and technology training programmes across Europe.

Cowboy Space raises €261.25M to deploy AI-enabled satellites

The London-based startup founded by Robinhood’s co-founder will use the capital to build AI-integrated satellite infrastructure and challenge aerospace incumbents.

Fresh People banks €2.6M to automate team leadership

Valencia-based Fresh People raised €2.6M to scale Booster, an AI-powered leadership copilot designed to help managers track performance and achieve business goals.

Scaling Europe Daily - 15.5.

️ UroMems raises $60m, Iceotope secures $26m and Banked joins National Australia Bank…

PANTA secures €3.4M Seed to automate financial index management

The London-based startup provides a SaaS platform to automate the design, calculation, and management of complex financial indices.

Photonic secures €184M to network quantum computers

UK-based Photonic raised €184M led by Planet First Partners to scale its light-based quantum networking and silicon computing architecture.

Iceotope secures €24.4M Series B for AI data centre cooling

The UK-based thermal management firm raised capital from Two Seas Capital and Barclays to scale its immersion cooling systems for high-density computing.

Resurrect Bio secures €8.8M Series A for AI-enabled crop protection

London-based Resurrect Bio raised €8.8M for its AI-driven biotech platform that reactivates natural disease resistance in commercial crops.

UroMems secures €55.2M for smart urinary incontinence implant

The Grenoble-based medtech firm will use the funds to advance clinical trials for its smart electronic implant treating stress urinary incontinence.

Elvy raises €5.9M for solar subscription platform

The Stockholm-based startup plans to scale its model of providing residential solar panels via a subscription service with no upfront costs.

Scaling Europe Daily - 14.5.

AI scale is the story today, from Isomorphic Labs’ $2.1bn round to Recursive Superintelligence emerging at a $4.65bn valuation and Fractile raising $220m for inference chips.

DDD Invoices raises €1.31M to solve global e-invoicing complexity

Slovenian startup DDD Invoices raises €1.31M for its API-driven platform that automates global e-invoicing and tax compliance.

Fractile secures €208M to build specialized AI hardware

The London-based startup raises massive capital from Accel and Founders Fund to build high-performance processors for large language models.

Recursive Superintelligence secures €613.2M Growth round led by Nvidia

UK-based Recursive Superintelligence raised €613.2M from Nvidia and GV to develop autonomous AI models, reaching a valuation of €4.38B.

Isomorphic Labs Pentest raises €1.9B to scale AI drug discovery

The DeepMind spinout Isomorphic Labs Pentest raised €1930M from Thrive Capital and Alphabet to accelerate AI-driven drug discovery for complex diseases.

Elliptic secures €110M Series D from One Peak and Deutsche Bank

The London-based blockchain analytics firm will use the Series D funding to scale its risk management and compliance tools for financial institutions.

Mantle8 raises €31M for natural hydrogen exploration stage

France’s Mantle8 raised €31M in Series A funding to expand its exploration and drilling campaign for low-cost, naturally occurring hydrogen.

Dolfin raises €2.1M Seed round for sales compensation automation

Barcelona-based Dolfin raised €2.1M to replace manual spreadsheets with an automated platform for sales commission management and incentive tracking.

GyverBase secures €1.4M to digitise the electrical workforce

Brescia-based GyverBase raises €1.4M to build AI-powered hiring and productivity infrastructure for the European electrical trade.

DesignVerse secures €4.6M Seed to modernise aviation and enterprise software

DesignVerse raised €4.6M to help large organisations like EUROCONTROL modernise legacy aviation and government infrastructure using AI-driven development.

LemFi secures €30M Series B extension for cross-border payments

The London-based remittance platform secured €30M to expand its fee-free international payment services for immigrant communities.

Scaling Europe Daily - 13.5.

️ Paymentology secures $175m, n8n doubles to $5.2bn and Nothing brings in Charli XCX…

Quartile banks €27.6M Seed to automate private equity operations

The Luxembourg-based private equity software provider secured €27.6M to digitise fund management workflows.

Gyver raises €1.4M pre-seed to tackle Europe’s green worker shortage

The Milan-based startup will use the fresh capital to recruit and train the electricians required for Europe’s renewable energy transition.

Isomorphic Labs secures €1.9bn Series B for AI drug discovery

The DeepMind spinout will use the capital to scale its AI-driven drug discovery platform and advance pre-clinical trials for new treatments.

Webidoo secures €21M to automate SMB workflows

Milan-based Webidoo raised €21m led by IXC3 to scale its AI-driven automation ecosystem for small and medium-sized businesses.

White Circle secures €10.15M to defend enterprise AI models

The French startup draws backing from OpenAI, Anthropic, and DeepMind leaders to build security and monitoring infrastructure for enterprise AI.

Leya secures €18.5M Series A to scale AI legal assistant

The Stockholm-based legal tech startup, backed by Redpoint and Benchmark, automates document review and research for law firms.

Pillar secures €12M Seed round led by Earlybird to digitise construction sites

The Italian ConTech startup will use the Seed capital to scale its project management platform for general contractors.

Regulate secures €1.4M pre-seed from top German unicorn founders

The German workplace wellness platform secures backing from the founders of Personio, Forto, and WeFox to tackle employee burnout.

Adfin secures €15.3M Series A to automate B2B invoice payments

The London-based startup raised €15.3M led by Index Ventures to automate revenue collection and cashflow management for professional services and SMEs.

Tolemy Bio banked €1.4M Pre-Seed for cellular mapping platform

The London-based biotech startup raised Pre-Seed funding to develop a spatial biology platform that maps cellular interactions within human tissue.

Scaling Europe Daily - 12.5.

️ Helsing nears $18bn valuation, Nscale secures €670m and quantum keeps moving toward IPOs…

Dessn raises €5M for its AI design-in-production platform

Dessn raised €5M to help product teams design and prototype using their actual production codebases.

Embat banked €30M Series B to scale corporate treasury platform

The Madrid-based fintech provides a real-time treasury management platform to help corporate finance teams automate cash flow forecasting and payments.

Adfin secures €16.5M Series A led by Index Ventures to automate SME payments

The London-based fintech provides an automated payment and invoicing platform designed to speed up collections for professional service firms.

Ditto secures €7.6M to scale medical consultation summaries

Rotterdam-based HealthTech startup Ditto raises €7.6M to expand its AI patient-support app that translates medical jargon into simplified summaries.

Dessn banked €5.55M for AI-powered product design platform

London-based Dessn raises €5.55M led by Connect Ventures to automate the technical transition from digital product design to code.

Holmes raises €1.1M Pre-Seed for autonomous AI code testing

Ghent-based Holmes raises €1.1M Pre-Seed, backed by Syndicate One and Aikido founders, to build an autonomous QA agent for AI-generated code.

Nscale banks €670M to build Norway’s largest AI infrastructure project

London-based Nscale has secured €670 million to develop Norway's largest AI data centre project, addressing the growing demand for high-performance compute.

Fifth Dimension nets €22M for real estate decision intelligence

London-based Fifth Dimension raised €22M in a Series A round led by HV Capital to automate deal analysis and risk monitoring for real-estate investors.

Front Ventures raises €5M to back Swedish and Ukrainian defence tech

Front Ventures raised €5M to invest in defence startups across Sweden and Ukraine, targeting high-growth technology with military and dual-use applications.

Pasqal secures €95M Series B for neutral atom quantum computing

French quantum hardware developer Pasqal secures over €95M to scale its neutral atom processors and reach the 1,000-qubit milestone.

Algorithmiq raises €18M Series A to scale quantum chemistry software

The Milan-based quantum software startup will use the capital to commercialise its molecular simulation algorithms for drug discovery and materials science.

Innovation Industries leads €40M Series A for eyeo

The Netherlands-based computer vision specialist will use the funds to expand the data density and visual range of industrial camera sensors.

Cellply secures €7.15M to automate cancer therapy development

The Bologna-based deeptech startup will scale its VivaCyte platform for cell therapy characterisation and expand its international commercial presence.

Isomorphic Labs banks €1.88B for AI drug discovery

DeepMind spinout Isomorphic Labs secures over €1.88B from Thrive Capital and Alphabet to scale its AI-driven drug discovery platform.

Helsing secures €1.1B at €16.5B valuation to scale AI defence software

The Munich-based defence tech firm secures €1.1B led by Lightspeed Venture Partners to scale its AI-driven battlefield software and autonomous systems.

NanoStruct raises €2.6M Seed to accelerate food safety testing

The German deeptech startup uses nanostructured optical sensors to reduce food safety testing times from several days to just a few hours.

Scaling Europe #37

Helsing is raising $1bn+ and Isomorphic Labs is raising $2bn...

Algorithmiq raises €18M Series B and moves HQ to Italy

The quantum software startup is moving its headquarters from Helsinki to Milan following the fresh capital injection.

Skeleton Technologies secures €33M growth funding for energy storage expansion

Estonian energy storage firm Skeleton Technologies raises €33M to scale its supercapacitor hardware and AI systems ahead of a 2027 US IPO.

Scaling Europe Daily - 9.5.

️ Reel leads today’s funding, while quantum, semiconductors and defence continue to attract capital across Europe…

Mother Ventures raises €9.2M to back the motherhood economy

UK-based Mother Ventures secures €9.2M for its debut fund to back startups targeting the multi-trillion dollar spending power of modern mothers.

Tessera Labs secures €55.22M Series A led by a16z to modernise ERP systems

The London-based startup will use the fresh capital to automate complex SAP and ERP migrations using machine learning.

Reel raises €15M Series A to scale corporate renewable energy trading

Copenhagen-based Reel secures €15M to expand its renewable energy trading platform and launch commercial operations in Germany.

Kohort raises €5.9M for mobile gaming AI agents

London-based Kohort raises €5.9M Series A led by The Raine Group to automate user acquisition for mobile game studios using AI agents.

FrostByte secures €1.3M to scale cryogenic quantum electronics

Delft-based FrostByte raises €1.3M to develop cryogenic electronics and integrated circuits that resolve the scaling bottlenecks of quantum computing systems.

Meatly secures €12.4M Series A for cultivated pet food scaling

UK-based Meatly raises €12.4M to build Europe's largest cultivated meat bioreactor facility following landmark regulatory approval for pet food.

Scaling Europe Daily - 8.5.

️ Quantum Motion raises $160m, Skeleton prepares for IPO and more AI in today’s funding…

Arāya Sie Fund reaches €8.8M first close for women-led startups

Arāya Ventures and Sie Ventures secure €8.8M first close for a joint fund targeting 40 women-led startups across the UK and Europe.

Kalshi hits €928M Series F as prediction market demand surges

The US-based prediction market exchange doubled its valuation to $22B in five months as institutional trading volume surges.

Sweden Ballistics secures €30M to scale explosives manufacturing

The Swedish defence firm will use the investment to scale domestic production of TNT and hexogen to address European ammunition shortages.

Tekst banked €11.5M Series A to automate enterprise workflows

Belgian startup Tekst secures €11.5M in Series A funding led by Elephant to automate enterprise communications and back-office workflows.

Quantum Motion secures €160M Series C for silicon quantum computing

UK-based Quantum Motion secures €160M Series C to scale silicon-based quantum computing hardware and expand its European footprint.

Skeleton Technologies secures €33M ahead of 2027 IPO

The Tallinn-based supercapacitor manufacturer raised €33M to scale its energy storage technology for AI data centres ahead of a 2027 US listing.

Pollen banked €3.2M Seed to standardise light EV battery swapping

Lisbon-based Pollen secures Seed funding to build a hardware-agnostic battery-swapping network for electric motorcycles and mopeds.

CodeWords raises €7.6M Seed round for autonomous AI agents

London-based CodeWords raises €7.6 million to scale its Cody AI agent, which automates internal business tasks by learning company patterns and tools.

Pit banks €13.6M to replace enterprise manual workflows with AI product teams

Stockholm-based Pit has raised €13.6 million led by a16z to provide AI-native infrastructure that replaces legacy enterprise spreadsheets and rigid SaaS tools.

Scaling Europe Daily - 7.5.

️ Nyobolt becomes a unicorn, Qutwo hits €325m and ICEYE eyes €250m raise…

OpsMill secures €11.9M Series A for infrastructure data automation

Paris-based OpsMill secures €11.9M to provide structured infrastructure data for enterprise automation and AI-driven operations.

CodeWords banks €8.26M Seed to automate workflows for non-coders

London-based CodeWords secures €8.26M for its AI agent platform designed to help non-technical employees automate complex business workflows.

Sedivention banks €2.9M Seed for obesity medical device

German medtech startup Sedivention raises Seed capital to develop a one-time cryo-ablation procedure for obesity treatment.

Avendar raises €2.2M Seed round to scale sovereign AI for the public sector

The Utrecht-based startup provides a sovereign AI data platform for governments to maintain control over sensitive public sector information.

Corgi secures €147.5M Series B to scale business insurance platform

London-based Corgi hits a €1.2B valuation following a €147.5M Series B led by TCV to expand its AI and cyber liability insurance lines.

Moonlight AI secures €2.8M to automate cancer diagnostics via medical imaging

The Swiss healthtech startup uses computer vision to detect cancer biomarkers from routine medical imaging, reducing the need for expensive genomic sequencing.

Humara raises €1.2M to digitise waste plant infrastructure

The Spanish startup provides a physics-based design and operations platform to help waste plants compress engineering cycles and improve recovery rates.

Scaling Europe Daily - 6.5.

️ ElevenLabs extends $550m round, quantum rounds stand out, and M&A picks up across mobility and SaaS…

Davis raises €4.6M pre-seed for AI-driven architectural generation

Paris-based Davis raises €4.6M to automate architectural design and feasibility studies using its Gaudi-1 generative AI model.

Silo AI founder’s new venture Qutwo raises €25M angel round

Helsinki-based Qutwo raises €25M from backers including Yuri Milner and Xavier Niel to develop an enterprise software platform for the quantum computing era.

a16z crypto raises €2050M fifth fund for blockchain growth stage investment

The UK-based investment firm closes its fifth fund, bringing total capital raised for the sector to $9.8B amid a broader cooling of digital asset markets.

QuantWare banks €152M Series B for quantum processor manufacturing

Delft-based QuantWare secures €152M Series B to accelerate the industrial production of 10,000-qubit quantum processors.

Quantware raises €166.7M Series B led by Intel Capital

The Dutch startup will use the Series B funding to open an industrial-scale fabrication facility for its high-density quantum processors.

WaiV Robotics raises €6.4M for maritime drone infrastructure

UK-based WaiV Robotics raised €6.4 million to build automated landing platforms for VTOL drones operating in heavy seas.

Moritz raises €8.26M seed to build an AI-native law firm

The Y Combinator alum is building an AI-native law firm to automate commercial and corporate legal work for high-growth companies.

Scaling Europe Daily - 5.5.

️ Smartness leads the day with €47m, SAP acquiresPrior Labs and Fractile is in talks with Anthropic…

Scaling Europe #36

Europe gets its largest seed ever, Germany has a big exit, and Legora raises even more...

Dex secures €4.52M Seed for AI recruitment software

London-based Dex secures €4.52M Seed funding led by Notion Capital to scale its AI-driven talent matching and recruitment platform.

Scaling Europe Daily - 2.5.

️ A $643m acquisition highlights growing consolidation in AI compute and model optimisation, AI roles break into top tier pay in Berlin...

Scaling Europe Daily - 1.5.

️ Legora is at it again with €42m Series D extension, green innovation rises and the gaming industry gets involved..

Scaling Europe Daily - 30.4.

️ Industrial AI and robotics lead the way in today's funding, a €1.2bn acquiring takes place, UK strengthens AI hardware and AI takes a lot of space in London...

Scaling Europe Daily - 29.4.

️ Forest raises €31m for e-bikes, early-stage startups across Europe continue to attract strong backing and the fastest growing European tech companies in 2025 are published…

Scaling Europe Daily - 28.4.

️ Ineffable Intelligence raises $1.1bn Seed, Sereact scales robotics with €93m, Vinted hits an €8bn valuation and projects shift towards the UK...

Scaling Europe #35

Revolut lines up a $100bn Secondary, Lovable's data breach, and my first event...

Scaling Europe Daily - 25.4.

️ Verda raises €100m for AI cloud scale-up, Ukraine unlocks €160m for defence tech, capital keeps flowing across Europe’s AI and deeptech stack...

Scaling Europe Daily - 24.4.

️ Cloudsmith raises €61.5m, Legora buys Qura, and Europe backs everything from space to plastics alternatives…

Scaling Europe Daily - 23.4.

️ ATMOS Space Cargo raises €25.7m, night trains get backing, and early-stage rounds continue across Europe…

Scaling Europe Daily - 22.4.

️ Revolut targets $200bn IPO, Anthropic offers £630k salaries, and AI startups raise across Europe…

Scaling Europe Daily - 21.4.

️ Recursive Superintelligence raises $500m, Uber increases Delivery Hero stake, and Revolut targets $150bn IPO…

Scaling Europe #34

Meet the 4-month old AI company that is now valued at $4bn.

Scaling Europe Daily - 18.4.

️ AI agents raise across Europe, the UK pulls in 41% of VC, and Anthropic expands in London…

Scaling Europe Daily - 16.4.

️ CamGraPhIC secures €211m, Wayve adds $60m, and Europe pushes further into AI infrastructure…

Scaling Europe Daily - 15.4.

️ Stegra secures €1.4bn, AI agents raise across Europe, and London sees a wave of rounds…

Scaling Europe Daily - 14.4.

️ ElevenLabs adds $100m ARR, the UK launches a £500m AI fund, and OpenAI expands in London.

Scaling Europe #33

Vinted hits $1bn of revenue, Europe gets its first robotaxis and I sat down with the MP of Seedcamp

Scaling Europe Daily - 11.4.

️ UK backs battery recycling, quantum tech raises €13.5m, and Europe pushes strategic industries.

Scaling Europe #32

xxx

Scaling Europe #31

Three new unicorns in Europe this week

Scaling Europe #29

The biggest week in European Tech history?

Scaling Europe #28

Ukraine got its first defence unicorn!

Scaling Europe #27

Nuclear Fusion, a new unicorn, and Wayve raises at $8bn...

Scaling Europe #26

Legora is raising at $6bn, Germany got a new drone unicorn and the UK got a new chip unicorn...

Scaling Europe #25

Legora is raising at $6bn, Germany got a new drone unicorn and the UK got a new chip unicorn...

Scaling Europe #24

Europe gets a new decacorn and a new 1bn growth fund....

Scaling Europe #23

Europe is making big progress in AI and Synthesia hits $4bn

Scaling Europe #22

EU-INC confirmed, a new Ukrainian unicorn, and a BUNCH of new funds

Scaling Europe #21

Three new unicorns, ElevenLabs raising at $11bn and turmoil at Monzo...

Scaling Europe #20

A new European Unicorn already and Index nets $9bn...

Scaling Europe #19

Lovable, Fuse Energy and Trade Republic all see HUGE valuation uplifts

Scaling Europe #18

GoCardless and Mollie joined forces in a €3.5bn deal

Scaling Europe #17

One new unicorn, Black Forest Labs and ICEYE raise big rounds, and some interesting acquisitions...

Scaling Europe #16

Revolut completes a Secondary Sale at a $75bn valuation while Lovable wrestles with VAT...

Scaling Europe #15

A HUGE week: Lovable is raising at $6bn and Fuse at $5bn, and the EU is removing cookie consent banners...

Scaling Europe #14

Four companies raise $100m+, Accel releases an amazing report and SPACs are back?!?!

Scaling Europe #13

Over $500m raised by European Startups while Stark drones miss the mark

Scaling Europe #12

Synthesia valued at $4bn, Bending Spoons as $11bn, and Poolside at $12bn

Scaling Europe #11

Synthesia turns down $3bn acquisition offer

Scaling Europe #10

Revolut is raising $3bn, Wayve is raising $2bn and Oura officially becomes a Decacorn

Scaling Europe #8

n8n hit $2.5bn and Sequoia doubles down on Europe

Scaling Europe #7

Two new Swedish unicorns in a WEEK?!?

Scaling Europe #6

A brand new European decacorn, and is Revolut going to list in London after all?

Scaling Europe #5

A big week for Europe, with over $3bn raised by the continent's biggest and brightest.

Scaling Europe #4

A big week for Europe, with over $3bn raised by the continent's biggest and brightest.

Scaling Europe #3

Revolut, Mistral and ElevenLabs all had valuation uplifts last week.

Scaling Europe #2

Europe has a new unicorn!

Scaling Europe #1

WELCOME

Welcome to Scaling Europe