Stegra leads today with a €1.4bn round to push forward its green steel plant. Beyond that, AI shows up across multiple rounds, from hiring and payments to enterprise tools. London is also active, with several companies raising across fintech, pharma and AI.
💰 Funding rounds
Stockholm-based startup Stegra secured €1.4bn to complete construction of its green steel plant in Sweden. Read more here.
Helsinki-based startup Kelluu raised €15m to scale its autonomous airship fleet and expand internationally. Read more here.
London-based startup wamo raised €10m Series A to expand across Europe and scale its AI-driven SME finance platform. Read more here.
London-based startup Helical raised €8.4m Seed to build its AI-powered virtual lab for pharma R&D. Read more here.
London-based startup TraqCheck raised $8m to scale its AI agents for talent sourcing and background checks. Read more here.
Munich-based startup Peak Quantum raised €2.2m to advance its superconducting quantum processors and build a European pilot manufacturing line. Read more here.
UK-based startup Clean Food Group raised £4.5m to scale its fermentation-based oils and fats production using food waste. Read more here.
Dublin-based startup Otel AI raised €2.8m to automate hotel operations using AI across core systems. Read more here.
Barcelona- and US-based startup Modern Relay raised €2.5m to build a shared foundation for enterprise AI and launched its open-source product Omnigraph. Read more here.
Regensburg-based startup EVANIUM raised €2.2m Seed to scale its OPTISOLV® ingredient technology. Read more here.
Warsaw-based startup Graftcode raised €2.1m to eliminate APIs and middleware from software integration. Read more here.
London-based startup Ralio raised €2.1m to build a payments platform for AI agents. Read more here.
UK-based startup StirLight secured £1.25m to commercialise its friction stir welding and real-time quality monitoring technology. Read more here.
Ukrainian startup Obriy AI raised $500k to build its multi-agent AI platform for enterprise workflows. Read more here.
Paris-based startup Convelio secured a Series C investment to scale its AI-powered logistics and storage platform for the global art market. Read more here.
💡 Other news
Ukrainian startup Airlogix secured a production contract with Auterion to manufacture thousands of AI-guided autonomous strike drones in Germany. Read more here.
UK-based Locai Labs and Civo signed an MoU to build sovereign UK-based LLMs through Project Mercury. Read more here.
UK-based digital bank Monzo launched in Ireland, marking its first expansion into the European market. Read more here.
📣 Fund news
Paris-based Newfund closed a €60m “HEKA” fund to back braintech startups across Europe. Read more here.
🎧 Podcasts
The Scaling Europe Podcast featured Dwelly founders Dan Lifshits and Ilia Drozdov on entering the London market and scaling their AI-enabled model. Listen here.
The Scaling Europe Podcast featured Roei Samuel on Connectd reaching $17m ARR as companies shift to fractional talent. Listen here.
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