An amazing, strong industrial and deeptech focus today. Germany comes out strong with SPREAD AI, All3 and mbiomics as the top funding rounds. Alongside this, funds from KOMPAS VC and Off Piste Capital are highlighted. UK pushes forward with an AI hardware strategy and Airtel Africa explores a major $10bn IPO, which tells about the broader momentum across Europe’s tech ecosystem.
Let’s dive in.
💰 Funding rounds
Berlin-based startup SPREAD AI raised €25m Series B to scale its industrial AI engineering intelligence platform in aerospace, defence, and heavy machinery. Read more here.
Berlin-based startup All3 raised $25m Seed to bring robotics-powered construction platform to market and deploy autonomous building systems in Europe. Read more here.
German startup mbiomics secured €12m (third Series A close), the total round €30m to advance its microbiome-based therapeutics into clinical development and scalable manufacturing. Read more here.
Oslo-based startup OTee raised €5.3m Seed to scale its software-defined control systems platform for industrial automation. Read more here.
London-based startup Dex raised $5.3m Seed led by Notion Capital to scale its AI recruitment platform. Read more here.
Leipzig-based startup Primogene raised €4.1m Seed led by HTGF to scale enzymatic biomanufacturing of complex biomolecules and expand production capacity. Read more here.
Paris-based startup Cleo Labs raised €1.5m to develop its AI-powered platform for international product regulatory compliance. Read more here.
💡 Other news
UK government plans a national AI hardware strategy to strengthen position in chips and semiconductor technologies and capture a share of the growing global AI computing market. Read more here.
AI companies have leased more than 1m square feet of office space in London since the start of 2025. Read more here.
Airtel Africa considers a London IPO of its mobile money unit, aiming to raise $1.5bn–$2bn at a potential $10bn valuation. Read more here.
📣 Fund news
Copenhagen-based VC firm KOMPAS VC closed a €160m second fund to back early-stage startups across industrial tech, energy, manufacturing, and decarbonisation. Read more here.
Oslo-based VC firm Off Piste Capital launched its solo GP fund and held a first close for Off Piste Fund I, targeting €25m to invest in early-stage infrastructure and systems startups. Read more here.
🤝 M&A
Madrid-based Amadeus acquired IDEMIA Public Security for €1.2bn to expand its biometric and identity infrastructure across travel and border systems. Read more here.
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