Bending Spoons made its Nasdaq debut at an $18.4bn valuation after a $1.68bn IPO, putting another European tech giant on the public markets. In London, Wayve launched an $85m employee tender offer following its $1.2bn raise earlier this year, while two new VC funds closed a combined €113m to back the next generation of DeepTech startups and repeat founders.
Let’s dive in.
💰 Funding rounds
Spain-based Telum Therapeutics raised an €18m Series A to advance treatments for hospital-acquired and ventilator-associated bacterial pneumonia. Read more here.
Amsterdam-based Dawnguard raised an additional €2.8m pre-Seed to scale its AI-native security architecture automation platform following its public launch. Read more here.
London-based Rig raised £2.8m pre-Seed to build a data context platform that helps enterprises connect their internal data securely to AI tools. Read more here.
London-based Xylo raised £2.8m pre-Seed to help local authorities process planning applications with AI. Read more here.
Prague-based EquiLibre Technologies raised a Series A at a €438m valuation to scale its AI trading platform, with the funding going towards compute infrastructure. Read more here.
🌱 Startup news
London-based Wayve launched an $85m employee tender offer to give employees liquidity and help retain talent following its $1.2bn Series D earlier this year. Read more here.
Milan-based Bending Spoons debuted on Nasdaq at an $18.4bn valuation, raising $1.68bn through its IPO after more than doubling quarterly revenue. Read more here.
📣 Fund news
London-based Ruya Ventures closed its first €43m fund to back DeepTech companies from day one, supporting them from the lab to commercial scale. Read more here.
London-based Tapestry VC launched a €70m Fund III to back repeat founders across Europe and North America. Read more here.
🎧 Podcasts
The Scaling Europe Podcast featured Toby Mather, Co-Founder of Rig, on why the biggest challenge for AI is no longer building applications, but giving them secure access to company data and internal context. Listen here.
Subscribe to the weekly edition for the highlights here.