Stockholm-based Lovable closed a €343m Series C, doubling its valuation to €11.4bn in under a year as revenue is set to nearly triple to $600m by the end of August. James Dacombe, who left school at 16, also saw his stake in OLIX cross $1bn after the AI chip startup’s latest round valued it at $3.3bn.
Let’s dive in.
💰 Funding rounds
Stockholm-based Lovable raised €343m Series C to expand its AI software creation platform, infrastructure and global team. Read more here.
Copenhagen-based Entravel Group raised €6.5m to secure larger supplier credit facilities and expand its white-label travel booking model. Read more here.
Manchester-based Cytix raised €6m to accelerate rollout of its change risk platform for rapid software development. Read more here.
Helsinki-based STRGY AI raised €1m to expand its AI platform for strategy execution. Read more here.
🌱 Startup news
London-based Rivan Industries deployed its full-scale synthetic fuel plant capable of producing synthetic natural gas cheaper than importing fossil natural gas to Europe. Read more here.
💡 Other news
James Dacombe, 25-year-old founder of OLIX, became Europe’s youngest self-made billionaire with his stake valued at over $1bn after OLIX’s $3.3bn valuation. Read more here.
London-based Pyra seeking $200m in funding to build battlefield intelligence software before launching summer 2026. Read more here.
Paris-based QuBriC MSCA Doctoral Network secured €4.6m to train 15 doctoral researchers in quantum error correction across 16 universities and 7 quantum companies including Alice & Bob. Read more here.
📣 Fund news
Accel raised $800m fund for European and Israeli early-stage startups as part of $3.5bn global fund raise. Read more here.
🤝 M&A
Copenhagen-based Again acquired San Diego-based Genomatica (Geno) to combine AI-driven discovery with industrial biomanufacturing. Read more here.
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