A HUGE day for European tech, led by HISTORICAL Europe’s largest Seed financing to date with $1.1bn by Ineffable Intelligence, now at a $5.1bn valuation. Robotics and industrial AI also saw major momentum with Sereact, KEMARO and QuoIntelligence raising across scaling stages. Investor appetite is growing in spacetech through Seraphim Space.
Let’s dive in.
💰 Funding rounds
London-based startup Ineffable Intelligence raised $1.1bn Seed now at a $5.1bn valuation to build AI that learns from experiences rather than historical data. Read more here.
Stuttgart-based startup Sereact raised €93m Series B to scale its AI platform for warehouse and industrial robotics. Read more here.
Frankfurt-based startup QuoIntelligence raised €7.3m Series A to expand its unified risk intelligence platform across Europe. Read more here.
Swiss-based startup KEMARO secured €4.2m Series B pre-close to scale its autonomous industrial cleaning robotics and expand in the U.S. Read more here.
Lille-based startup Axomove raised €4m Series A to scale its digital rehabilitation and prevention platform. Read more here.
Noreja, startup from Austria raised €1.1m to expand its AI-powered process intelligence platform. Read more here.
Copenhagen-based startup Atech raised €681k pre-seed to build its AI-driven hardware design and prototyping platform. Read more here.
Zurich-based startup Qendra secured €162k pre-seed (Venture Kick) to develop control systems and improve scalability of quantum hardware. Read more here.
💡 Other news
Project Prometheus secured $10bn funding at a $38bn valuation to build physical AI systems that simulate physics and looks to expand to King’s Cross. Read more here.
Vilnius-based Vinted completed a €880m secondary share sale at an €8bn valuation, and are bringing in new institutional investors like EQT, Schroders Capital, and BlackRock. Read more here.
UK-based Enviromena secured an £825m senior portfolio financing package to accelerate development of its 1GW solar pipeline across the UK. Read more here.
Swiss-based startup vVARDIS secured a strategic minority investment from Apollo-managed funds, becomes a dental health unicorn. Read more here.
📣 Fund news
London-based spacetech investor Seraphim Space is looking to raise up to £350m through a share issuance to expand its investment activity across the global spacetech sector. Read more here.
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