The end of the week brought another major revenue milestone for Europe’s tech ecosystem, with Hugging Face becoming the latest company to cross the $100m ARR mark. Denmark is also putting €200m behind the next stage of the journey, committing to the Scaleup Europe Fund to help more scaleups stay in Europe as they grow. Dutch-founded General Intuition added another major AI funding round for a European-founded company this week with a $320m raise at a $2.3bn valuation.
Let’s dive in.
💰 Funding rounds
Dutch- founded General Intuition raised $320m at a $2.3bn valuation to develop AI models that learn from video game data to power robots and autonomous systems in the real world. Read more here.
Helsinki-based ReOrbit received €4.6m to develop OrbitCloud, its AI-powered satellite network that runs AI inference directly in space. Read more here.
UK-based Thalia Therapeutics raised €3.1m and acquired Sanmirna Therapeutics to add a clinical-stage RNA therapy for acute myeloid leukaemia to its pipeline. Read more here.
Dublin-based HR Duo raised €1.6m to expand its UK sales team and strengthen its HR software platform for frontline businesses. Read more here.
Aarhus-based Serpier raised €1.4m to expand its AI marketing platform that helps online retailers improve visibility across search engines and AI chatbots. Read more here.
Leipzig-based Intu Diagnostics raised €1.1m in a bridge round to advance its lab-free molecular diagnostics platform ahead of a planned Seed round. Read more here.
🌱 Startup news
Munich-based SE3 Labs emerged from stealth with its spatial AI platform for autonomous systems designed for drones and robotics. Read more here.
ARX Robotics and Ukraine’s Roboneers formed ARX Industries, a joint venture to scale production of unmanned ground vehicles for the Ukrainian Defence Forces. Read more here.
London-based Flo Health surpassed $208m in revenue in 2025, up 24% YoY, while growing to 79.3m monthly active users as the women’s health app continues to scale following its $1bn valuation. Read more here.
European-founded Listen Labs expanded to London as its first international office after growing revenue 15x, surpassing eight figures, and raising a $69m Series B earlier this year. Read more here.
Paris-based Hugging Face surpassed $100m ARR run rate as its open-source AI platform continues to scale, reaching more than 13m users, 2m public models and 500,000 public datasets. Read more here.
💡 Other news
Berlin-based N26 reported its first full-year profit after surpassing €500m ARR. Read more here.
📣 Fund news
Denmark’s export credit agency and national promotional bank EIFO committed €200m to the Scaleup Europe Fund to back European tech scaleups and help more companies remain in Europe as they grow. Read more here.
🎧 Podcasts
The Tech. eu Podcast featured Mark Boggett, Co-founder and CEO of Seraphim Space, on why Europe is catching up in spacetech. Read more here.
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