London is becoming an increasingly important base for AI companies. Cursor has chosen the city for its European headquarters, Lovable is opening a London office, and Legora is launching a new engineering hub there as it continues its rapid expansion across Europe. Meanwhile, Slush published its first Impact Report, finding that startups attending the event were 3.5x more likely to raise capital than comparable European peers.
Let’s dive in.
💰 Funding rounds
UK-based Capsa AI raised $18m Series A to expand its AI platform for private capital firms and accelerate its expansion in the US. Read more here.
Birmingham-based Rem3dy Health raised €16m to support growth, expansion into key international markets and the development of new personalised health solutions. Read more here.
London-based 01Health raised €12.9m Series A to scale its healthcare delivery platform and expand across the UK and US. Read more here.
Paris-based Uncovr raised €6m Seed to turn surgical video into operative reports and procedural coding for hospitals. Read more here.
Poland-based paymove raised €2.12m to develop payment infrastructure for autonomous AI agents and support expansion across Western Europe. Read more here.
Finland-based Rotomate raised €2.1m pre-Seed to automate industrial reliability analysis and help industrial companies improve equipment reliability and reduce unplanned downtime. Read more here.
London-based Record OS raised $2m pre-Seed to build a self-assessment and digital tax filing platform for UK taxpayers. Read more here.
Estonia-based Nanordica Medical raised €1.6m to bring its antibiotic-free chronic wound treatment to market and complete clinical trials ahead of a European launch. Read more here.
🌱 Startup news
Stockholm-based Legora is opening offices in Paris, Milan and Madrid, while also launching a London engineering hub and growing its EMEA workforce to more than 700 people. Read more here.
London-based PerfectTed is on track to surpass $100m in revenue this year, with its matcha products now stocked in more than 35,000 retailers across 50+ countries. Read more here.
Stockholm-based Lovable has announced plans to open a London office as it continues its UK expansion, a day after revealing it had surpassed $500m ARR. Read more here.
San Francisco-based Cursor has chosen London for its European headquarters and plans to hire around 200 employees to support growing demand for AI-powered software development tools across the region. Read more here.
💡 Other news
Slush has published its first Impact Report, finding that startups attending the event for the first time between 2022 and 2024 were 3.5x more likely to raise funding than comparable European startups. Read more here.
📣 Fund news
Hamburg-based Generation Tech Partners closed a €50m fund to acquire German SME service providers and transform them using AI. Read more here.
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