Hello and welcome back.
Over the weekend we saw a lot of defence news, with Germany and Ukraine working together on drones and ground robots. There were also big raises in biotech and AI, plus two acquisitions.
Let's dive in.
💰 Funding rounds
Breye Therapeutics raised €67.5m Series A to advance oral therapies for early treatment of retinal diseases toward clinical studies. Read more here.
Trustly received $40m in equity investment commitments to accelerate its AI-powered growth strategy. Read more here.
Kuro raised €10m to build artificial intelligence foundation for general contractors. Read more here.
Omnio raised €2.9m to advance its plasminogen-based therapy for hard-to-heal chronic wounds toward clinical studies. Read more here.
💡 Other news
ARX Robotics and Roboneers established strategic partnership to scale unmanned ground vehicle production and system integration for Ukrainian forces. Read more here.
Quantum Systems secured German government funding to scale production of tens of thousands of interceptor drones in Ukraine through joint venture with WIY Drones. Read more here.
🤝 M&A
CareMaster got acquired by Lottie to expand into artificial intelligence for care billing, payments and credit control. Read more here.
StudyStash got acquired by Kortext to expand its adaptive learning platform across global universities and accelerate AI capabilities in teaching and learning. Read more here.
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