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Scaling Europe Daily - 19.5.

Daily · Substack · 20 May 2026

Scaling Europe Daily - 19.5.

A strong start to the week, with Dust raising $40m to build a workspace for teams and AI agents, and Humanoid signing a deal to deploy thousands of robots into German factories. Searchable also raised £10.3m as brands look at how they show up in AI search, while EQT was chosen to manage the €5bn Scaleup Europe Fund.

Let’s dive in.


💰 Funding rounds

  • Paris-based Dust raised $40m to build a shared workspace where business teams and AI agents can work together across company context. Read more here.

  • Milan-based Cosmico raised €12m and acquired Flatmates to expand its Future of Work platform across Italy, Spain and the US. Read more here.

  • London-based Searchable raised £10.3m at a £62.9m valuation to help brands track and improve their visibility across AI search engines. Read more here.

  • Berlin-based LawX raised €7.5m to build an AI-powered operating system for notaries and law firms. Read more here.

  • London-based Greenpixie raised £4.7m to help companies including Mastercard decarbonise cloud and AI use. Read more here.

  • London-based Calibre raised $3.3m to deploy AI agents across the certification industry. Read more here.

  • Copenhagen-based Alcolase secured €1.5m to develop an enzyme-based remedy for alcohol flush. Read more here.

  • Malmö-based Salt & Fiber secured €300k to turn seagrass into sustainable textile yarns and launched a crowdfunding campaign. Read more here.

🌱 Startup news

  • UK-based Humanoid signed a deal to deploy thousands of humanoid robots into German factories. The UK’s first AI robotics company is only two years old. Read more here.

  • Swiss-founded Destinus is seeking around €200m at a valuation above €5bn as it prepares for a possible Amsterdam IPO. Read more here.

💡 Other news

  • OpenAI created a new London-based function led by Laura Modiano, focused on helping startups build, grow and scale on OpenAI from day one. Read more here.

📣 Fund news

  • Stockholm-based EQT Group has been chosen to manage the €5bn Scaleup Europe Fund, which will invest across the EU and other countries in the European technology ecosystem. Read more here.


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Originally published on Substack.