Finland’s Oura is planning a US IPO as early as September that could raise $3bn and value the smart ring maker at over $16bn, nearly 50% higher than its valuation last September. Revolut also launched an in-house AI research unit built around its own model, PRAGMA, which the bank says has already improved fraud detection by nearly 65%.
Let’s dive in.
💰 Funding rounds
Stockholm-based eComID raised €14.6m to build the “shopping passport” for AI-powered personalised commerce. Read more here.
Brussels-based Maash raised €12.15m to take mycoprotein production to industrial scale. Frédéric, Gaspard. Read more here.
Copenhagen-based Repodo raised €8.2m to rebuild audit with AI. Read more here. Ken Villum Klausen, Peter Andreasen, Joachim Strøjer Hansen, Anders Houmann. Read more here.
Amsterdam-based Neno raised €6.6m to build the AI-native back office suite for entrepreneurs. Read more here. Nick Knuppe. Read more here.
Budapest-based BOOKR Kids raised €6.1m Series A for global EdTech expansion. Dr. Dorka Horváth, Dani Karanyi. Read more here.
Palaiseau-based ArcSpace raised over €2m for in-orbit satellite servicing and repair. Guillaume Mohara. Read more here.
London-based iToFlow raised $2.5m to scale investment research and portfolio management. Aditya Jha. Read more here.
💡 Other news
London-based Revolut launches AI unit as it proclaims virtues of proprietary AI. Read more here.
Finland-based Oura targets $3B IPO at $16B valuation. Read more here.
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