One of the biggest financings in Europe this year landed today, with Pure DC securing $2.7bn to expand its data centre footprint across Europe and the Middle East. Airbnb also backed Italian travel platform WeRoad in a €49m Series C, while Moneybox reported £114.6m in revenue as assets under management reached £19bn.
Let’s dive in.
💰 Funding rounds
London-based Pure DC secured $2.7bn in financing to expand its data centre footprint across Europe and the Middle East amid growing AI infrastructure demand. Read more here.
Italian WeRoad raised €49m Series C led by Airbnb to expand its community-driven travel platform into the US market. Read more here.
London-based RevEng. AI raised $15m Series A to help organisations verify and secure AI-generated software at the binary level. Read more here.
Munich-based allO raised €12m Series A to expand its AI operating system for restaurants across Europe. Read more here.
London-based Perceptic raised $12m to build an AI platform connecting the full drug development lifecycle from discovery to clinical development. Read more here.
Berlin-based Pacifico Biolabs raised €7m Series A to turn idle brewery infrastructure into alternative protein production facilities. Read more here.
UK-based iFAST Diagnostics raised £5m to scale its rapid infection testing platform designed to tackle antimicrobial resistance. Read more here.
Glasgow-based Go Swag raised $5m to expand its global corporate gifting and branded merchandise platform. Read more here.
Oxford-based Caudal Energy raised €4.9m to develop tidal energy systems designed to deliver predictable renewable power at scale. Read more here.
Bristol-based Mykor raised €4.6m to scale low-carbon construction materials made from industrial and agricultural waste. Read more here.
Barcelona-based Publicit raised €700k pre-Seed to build an AI-powered platform for omnichannel advertising campaigns. Read more here.
🌱 Startup news
UK fintech Moneybox reported £114.6m in revenue and £14.9m profit before tax as assets under management grew to £19bn and customers reached 1.7 million. Read more here.
📣 Fund news
London-based Transition Ventures closed a €128m second fund to back early-stage companies building at the intersection of AI and the physical world. Read more here.
Oxford-based Longwall Venture Partners secured a £50m commitment from the British Business Bank for its new £100m deeptech fund focused on science and engineering startups. Read more here.
🎧 Podcasts
The Scaling Europe Podcast featured David Helgason, Co-founder at Transition Ventures, on backing highly technical founders building across energy, compute and industrial infrastructure. Listen here.
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