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. Graphcore also received more than $450m from SoftBank, while Wise made its NASDAQ debut after moving its primary listing from London to New York.
Let’s dive in.
💰 Funding rounds
London-based Isomorphic Labs raised $2.1bn Series B to scale its AI drug design engine and expand its pipeline of therapeutic programmes. Read more here.
London-based Recursive Superintelligence emerged from stealth with over $650m raised at a $4.65bn valuation to build AI systems that improve themselves. Read more here.
Bristol-based Graphcore received more than $450m from SoftBank to support its next phase after being acquired by the Japanese group in 2024. Read more here.
UK-based Fractile raised $220m Series B to build next-generation inference hardware for frontier AI models. Read more here.
London-based Elliptic raised $120m Series D at a $670m valuation to expand its crypto compliance platform for banks, exchanges and government agencies. Read more here.
Grenoble-based Mantle8 raised €31m Series A to fund its exploration and drilling campaign for commercially viable natural hydrogen. Read more here.
Bristol-based Rowden secured £25m from the UK’s National Wealth Fund to scale its defence and national resilience technology and open two new UK sites. Read more here.
Bucharest-based DesignVerse raised over €4.6m Seed to help large organisations turn design systems and internal documentation into production-ready software. Read more here.
Barcelona-based Dolfin raised €2.1m Seed to scale its AI-native platform for managing and adapting sales compensation plans. Read more here.
London-based Isomorphic Labs raised $2.1bn Series B to scale its AI drug design engine and expand its pipeline of therapeutic programmes. Read more here.
Brescia-based Gyver raised €1.4m pre-Seed to build an AI-powered job platform for electricians and help employers access skilled blue-collar talent. Read more here.
🌱 Startup news
Copenhagen-based Corti launched a no-equity accelerator to give healthcare AI startups access to its clinical-grade AI models and regulatory support. Read more here.
UK- based LemFi is reportedly set to raise a €30m Series B extension to grow its fintech app for immigrants and global citizens. Read more here.
💡 Other news
Nordic Compass launched as a pan-Nordic industry alliance to fast-track initiatives in capital markets, deeptech, defence and energy. Read more here.
Wise made its NASDAQ debut after shifting its primary stock market listing from London to New York, as the fintech reached $2.5bn in annual revenue and handled $243bn in cross-border volume. Read more here.
📣 Fund news
BioInnovation Institute launched AI Lab with €7m from the Danish Industry Foundation to support early-stage AI startups in Denmark with funding, datasets, infrastructure and industry partnerships. Read more here.
🤝 M&A
Tallin-based Glocalzone got acquired by MovitOn to expand peer-to-peer logistics through AI-powered courier matching and decentralised delivery infrastructure. Read more here.
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