Hello and welcome back.
A lot of you have messaged me hoping to read the newsletter here in Substack, so we’re bringing it back. Thanks for the feedback, I really appreciate it. You’ll also find the daily newsletter on LinkedIn, so you can catch up on European tech news wherever suits you best. Always happy to hear your ideas or suggestion, feel free to drop me a message.
Let's dive in.
💰 Funding rounds
• Foundational raised €9.6m to develop infrastructure for a more precise understanding of Earth and orbit through satellite laser ranging technology that provides millimetre-level positioning data. Read more here.
• Osavul raised €8.5m Series A to grow enterprise clients and expand government and defence work with its artificial intelligence platform that identifies hostile activity including cyber threats and disinformation campaigns. Read more here.
• Deepslate raised €7.7m Seed to develop speech-to-speech artificial intelligence models that process spoken language directly with focus on European languages and data sovereignty. Read more here.
• FRANK raised €2.9m to develop its artificial intelligence powered platform that automates administrative tasks for insurance brokers by replicating human actions across insurance systems and portals. Read more here.
• Voltaback raised €2.8m to scale its fleet management software platform that helps companies reimburse employees for home electric vehicle charging across Europe. Read more here.
• Revnu raised €2.6m to build team and accelerate international growth with its artificial intelligence platform that helps businesses find customers and build their sales pipeline. Read more here.
• Good Tape raised funding to develop context layer that surfaces changing opinions and contradictions across years of recorded interviews. Read more here.
🌱 Startup news
• ElevenLabs expanded to the Netherlands with a new office in Amsterdam. Read more here.
📣 Fund news
• DIG Ventures closed €106m Fund III to back Europe’s artificial intelligence and cloud infrastructure startups. Read more here.
• LAUNCHub Ventures secured €65 million first close of Fund III, targeting more than €75m to back pre-Seed and Seed stage startups across Central and Eastern Europe and South-Eastern Europe. Read more here.
• Headline closed $400m Fund VIII to back Seed and Series A startups across Europe with a focus on artificial intelligence. Read more here.
🎧 Podcast of the day
• Scaling Europe Podcast featured Siadhal Magos, Co-founder and CEO of Metaview, on artificial intelligence agents for recruiting. Watch here.
Catch up on the weeks news at once, subscribe to the weekly edition for the highlights here.
Built to scale with ambition
Scaling a venture-backed business takes more than a bank account.
NatWest Venture Banking brings together specialist relationship support, sector expertise, flexible funding and powerful connections to help ambitious companies extend runway, optimise cashflow and accelerate growth.
We work with high-growth, institutionally-backed businesses across technology, fintech, life sciences, climate tech, healthcare and other disruptive sectors, alongside the venture capital investors supporting them.
Right now, the team is helping founders strengthen financial foundations, explore growth and venture funding options, expand internationally and connect with relevant investors and partners.
We’re also supporting VC firms with dedicated fund banking and their portfolio companies’ growth, while opening access to NatWest’s wider network, digital banking capabilities and strategic partners.
Building something with scale in its sights? Let’s talk. Visit our website to get in touch.
