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Scaling Europe Daily - 24.4.

Daily · Substack · 24 Apr 2026

Scaling Europe Daily - 24.4.

Cloudsmith led the day with a €61.5m round. Funding also came through for space-based 5G, depot power infrastructure and alternatives to plastics, while Legora made another acquisition.

Let’s dive in.


💰 Funding rounds

  • Belfast-based startup Cloudsmith raised €61.5m Series C to scale its artifact management platform for AI-driven software development. Read more here.

  • Paris-based startup UNIVITY raised €27m Series A to build its space-based 5G connectivity infrastructure for telecom operators. Read more here.

  • Paris-based startup Decade Energy secured €22m to build power infrastructure for logistics depots and support fleet electrification. Read more here.

  • Barcelona-based startup Incapto raised €10m Series B to scale its coffee-as-a-service platform combining hardware, roasting and subscriptions. Read more here.

  • Zagreb-based startup Fasal Bio secured €7m in a growth round to scale its renewable material platform reducing reliance on conventional plastics. Read more here.

  • Bath-based startup Naturbeads secured €4.1m in EU funding to scale production of its biodegradable alternative to microplastics. Read more here.

  • Finnish startup TheStorage raised €3.6m Seed to scale its thermal energy storage technology for industrial decarbonisation. Read more here.

  • Berlin-based startup VREY raised €3.3m Seed to enable solar deployment in multi-family buildings. Read more here.

  • Ghent-based startup Wenite raised €1.8m to build infrastructure for HR service providers and scale across Europe. Read more here.

💡 Other news

  • London-based fintech Starling Bank is targeting US expansion through its B2B platform Engine, ruling out entry into the retail banking market. Read more here.

📣 Fund news

  • Paris-based Kurma Partners closed a €215m Biofund IV to back early-stage biotech companies developing new therapies. Read more here.

  • London-based VC Balderton has appointed Phil Chambers as Partner to focus on early-stage investments. Read more here.

  • Northern Gritstone secured a £10m cornerstone investment from the British Business Bank as part of a £20m raise to back deeptech and life sciences startups from northern UK universities. Read more here.

🤝 M&A

  • Stockholm-based legal research startup Qura got acquired by Legora to strengthen its AI-powered legal platform. Read more here.


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Originally published on Substack.