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Scaling Europe Daily - 29.4.

Daily · Substack · 29 Apr 2026

Scaling Europe Daily - 29.4.

A fresh day and a long list of funding in Europe, with e-bikes and AI-driven medical robotics for dermatology on top. Early-stage activity remains broad, Magnific relaunches and Ground State Ventures raises €75.2m for early-stage quantum technology fund. The Scaling Europe 50 showcases the fastest growing European tech companies and their top investors of 2025.

Let’s dive in.


💰 Funding rounds

  • London-based startup Forest secured €31m in additional funding, Series B, with its total funding now at €46m to expand e-bike operations and invest in infrastructure. Read more here.

  • Paris-based startup SquareMind raised $18m (including pre-Series A) to scale its AI medical robotics platform for automated skin imaging. Read more here.

  • Copenhagen-based startup Performativ raised €11.96m Series A to scale its AI-powered wealth management operating system across Europe. Read more here.

  • Berlin-based startup Patronus raised €11m to expand its emergency smartwatch and AI-powered elderly care platform. Read more here.

  • London-based startup Marloo raised $10m Seed to build its AI platform for financial advisers, automating admin and workflow tasks. Read more here.

  • Swedish startup Redpine raised €6.8m Seed to scale its AI data platform and expand internationally. Read more here.

  • London-based startup Neutonic raised $6m at a $60m valuation to scale its functional drinks and nootropics brand. Read more here.

  • Munich-based startup dehaze raised €3.2m Seed to build a causal AI foundation model for chronic disease detection in healthcare. Read more here.

  • Stockholm-based and Project Europe company Zellify raised €3.1m Seed to enable mobile app developers to create custom web onboarding and payments outside app stores. Read more here.

  • Edinburgh-based startup Cnuic raised €3m pre-seed to develop its next-generation photonic chip manufacturing technology. Read more here.

  • Italian startup Always Friday raised €1.05m pre-seed to build its AI-native platform for automating and executing corporate event planning workflows. Read more here.

  • Prague-based startup Tapaya raised €1m pre-seed to build its in-person payments infrastructure platform for banks, fintechs, and software providers. Read more here.

🌱 Startup news

  • Málaga-based Magnific relaunched as AI creative platform, unifying image, video, audio, and 3D tools into a single production environment with €196m ARR and over 1m paid users. Read more here.

💡 Other news

  • The Scaling Europe 50 with Nebius and J.P. Morgan found the fastest growing European tech companies of 2025 alongside their top investors. Read more here.

  • Revolut is opening its first physical retail store in Barcelona to expand brand presence and create an in-person customer experience. Read more here.

  • Apple’s former AI chief John Giannandrea joins London-based CuspAI, which is rumoured to be raising a big round at a $1bn+ valuation. Read more here.

📣 Fund news

  • Amsterdam-based VC Ground State Ventures (formerly QDNL Participations) raised €75.2m for its early-stage quantum technology fund, surpassing original target. Read more here.


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Originally published on Substack.