AI agents show up across multiple rounds today, from compliance and sales to audit and customer support. At the same time, the UK pulled in 41% of all European VC in Q1, with Anthropic also expanding its London presence.
Let’s dive in.
💰 Funding rounds
Eindhoven-based startup Euclyd is raising at least €100m to scale its AI inference chip technology. Read more here.
Cambridge-based startup STORM Therapeutics raised €47.5m to advance its RNA-targeting cancer therapies into Phase 2 trials. Read more here.
Eindhoven-based startup ONWARD Medical raised €40.6m to scale its neurostimulation therapies for spinal cord injuries. Read more here.
Dublin-based startup Solidroad raised $25m to scale its AI platform for analysing and improving customer support interactions. Read more here.
Copenhagen-based startup spektr raised $20m to automate financial compliance workflows with AI agents. Read more here.
Stockholm-based startup BioLamina secured €20m from the European Investment Bank to scale its cell therapy technology. Read more here.
Lund-based startup AlixLabs raised €15m to scale its atomic-level semiconductor manufacturing technology. Read more here.
UK-based startup Lua raised €4.9m to build its OS for human and AI agent collaboration. Read more here.
UK-based startup ALL THINGS raised €4.1m to expand its dairy brand and scale production globally. Read more here.
Copenhagen-based startup Flare raised €3.6m to build trust infrastructure for validating information in the AI era. Read more here.
European startup Openlaw raised $3.3m to build digital legal and notary infrastructure through its beglaubigt. de platform. Read more here.
Vilnius-based startup Outcraft AI raised €2m to build autonomous AI agents for revenue and sales execution. Read more here.
Dublin-based startup Audrey AI raised $1.8m to build AI agents for automating financial audit workflows. Read more here.
Manchester-based startup urfuture raised £1.7m in a Seed to rethink entry-level hiring with AI-driven, CV-free matching tools. Read more here.
Spanish startup GuruSup raised €1.3m to scale its AI agents for customer service and automation. Read more here.
London-based startup Qalzy raised pre-Seed to expand its AI-powered nutrition tracking scale and launch internationally. Read more here.
🌱 Startup news
London-based startup Cleo partnered with ElevenLabs to bring voice to its AI financial assistant, letting millions of users speak directly to the product instead of typing. Read more here.
💡 Other news
AI company Anthropic is expanding its London presence with a new office as it scales research and competes for UK AI talent. Read more here.
UK startups raised $7.8bn in Q1, accounting for 41% of all European VC and more than France, Germany and the Netherlands combined. Read more here.
Paris-based Doctolib launched the Care Forward programme with @Hôtel-Dieu (AP-HP) and Roche to support European healthtech startups at STATION F. Read more here.
Helsinki-based startup Algorithmiq won a €1.7m prize from Wellcome Leap for demonstrating quantum computing in drug discovery. Read more here.
📣 Fund news
Copenhagen-based Unconventional Ventures announced the second close of its Fund II, backing underrepresented founders across Europe. Read more here.
UK-based ET Capital launched its Cambridge Venture Index Fund II to back early-stage science startups from the Cambridge and Oxford ecosystems. Read more here.
UK-based British Business Bank committed £100m to Apposite Healthcare Growth I to support scaling healthtech companies. Read more here.
UK government’s Sovereign AI Fund backed its first cohort of startups to support domestic AI infrastructure and scaleups. Read more here.
🎧 Podcasts
The Scaling Europe Podcast featured Sarah Fleischer and Ksenija Milicevic Neumann, Co-founders at tozero, on building Europe’s first industrial battery recycling plant. Listen here.
The Scaling Europe Podcast featured Roxanne Varza, Director at Station F, on building one of Europe’s leading startup hubs and launching its new AI programme F/ai. Listen here.
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