Revolut just became Europe’s most valuable private company, as s fresh secondary share sale values the fintech giant at $115bn, up 53% from $75bn less than a year ago. Samsung is also in talks to invest roughly €1bn in Paris-based Mistral at a €20bn valuation, which would mark Samsung’s first direct investment in a foundation model lab outside Google.
Let’s dive in.
💰 Funding rounds
London-based Arrakis raised €35.3m Series A to help industrial companies design, build and scale AI agents across aerospace, energy, logistics, manufacturing and telecommunications sectors. Read more here.
Helsinki-based Verda secured €22m in financing to expand AI cloud infrastructure capacity and deploy high-performance computing servers in renewable energy-powered Finnish data centres. Read more here.
London-based Modo Energy secured €14.9m growth funding for its AI-powered benchmarking and valuation platform for energy storage and renewable assets. Read more here.
Germany-based Passionfroot raised €13.95m Series A to scale its AI-native B2B creator-led marketing platform, having 13x’d revenue in the past year with clients including ElevenLabs, Figma, Replit and Framer. Read more here.
Lyon-based Brenus Pharma raised €11m Series A extension to advance its in-vivo immunotherapy platform targeting hard-to-treat solid tumours, bringing total capital raised to €38m. Read more here.
Zürich-based Immitra Bio secured €2.58m pre-seed funding to advance its scalable in-vivo gene editing platform for developing one-time curative genetic medicine therapies. Read more here.
UK-based Ossprey raised €2.47m pre-seed funding to expand its software supply chain security platform that detects malicious code in open-source packages. Read more here.
💡 Other news
London-based Revolut confirmed a secondary share sale process at a reported €107bn valuation, allowing employees to realize liquidity on holdings and attracting new and existing investors amid continued expansion in new markets including US and France applications. Read more here.
🌱 Startup news
Munich-based microagi announced a collaboration with Google Cloud and NVIDIA to accelerate embodied AI and robotics development using Blackwell GPUs, following its $55m seed round. Read more here.
Paris-based Mistral is in talks for a €1b investment at a €20bn valuation, representing a near-doubling of its value since September 2025. Read more here.
Seville-based Catalyxx secured €20m and announced plans for €120m bio-based chemicals production plant in Sines, Portugal, transforming bioethanol into sustainable alternatives to fossil-derived chemicals. Read more here.
🤝 M&A
UK-based fintech-for-good platform Lightning Reach acquired by European Technology Group to scale access to financial support and help one million people by 2028, having facilitated £25m in assistance to 300,000+ people since launch. Read more here.
🎧 Podcasts
The Scaling Europe Podcast featured Stanislaw Kastory and Mikolaj Firlej, Co-Founders and General Partners of Expeditions, on closing their second fund at €197m dedicated to early-stage defence, cybersecurity, quantum and space technology startups. Listen here.
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