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Scaling Europe Daily - 6.5.

Daily · Substack · 6 May 2026

Scaling Europe Daily - 6.5.

ElevenLabs extends its $550m round, with large quantum rounds from QuantWare and eleQtron also standing out. The rest of the day spreads across smaller rounds in AI and deeptech.

Let’s dive in.


💰 Funding rounds

  • London-based startup ElevenLabs added BlackRock, Nvidia and others to its $550m Series D, reaching over $500m in ARR as it scales its AI voice platform. Read more here.

  • Delft-based startup QuantWare raised €152m Series B to scale its quantum processor technology and manufacturing capacity for large-scale deployment. Read more here.

  • German startup eleQtron raised €57m Series A to scale its trapped-ion quantum computing technology for industrial use. Read more here.

  • Paris-based startup Lithosquare raised €21.3m to accelerate mineral discovery using AI and geological intelligence for the energy transition. Read more here.

  • Legal tech startup Moritz raised $9m to scale its AI-powered legal platform combining automation with lawyers to deliver faster and more predictable legal services. Read more here.

  • Cambridge-based startup Barocal raised €8.5m Seed to scale its refrigerant-free heating and cooling technology. Read more here.

  • London-based startup WaiV Robotics raised €6.4m Seed to develop autonomous UAV landing infrastructure for offshore operations. Read more here.

  • London-founded startup Corvera raised $4.2m Seed to automate end-to-end workflows for CPG brands using agentic AI. Read more here.

  • Espoo-based startup Reduciner raised €3.6m to commercialise its carbon conversion technology turning CO₂ into industrial inputs. Read more here.

  • Warsaw-based startup Elastics raised $2m pre-seed to build AI-powered infrastructure for prediction markets and automated trading. Read more here.

  • Riga-based startup BirdyChat raised €1.7m to build a messaging platform separating work communication from personal apps. Read more here.

  • South Tyrol-based startup profitize raised €1.4m Seed to scale its AI-powered financial planning platform for the hospitality sector. Read more here.

  • Sweden-based startup Detecht secured €395k to expand its motorcycle safety and navigation platform globally. Read more here.

💡 Other news

  • London-based startup Monzo is launching in Spain as it expands its EU presence, with offices in Barcelona and Madrid and over 50 employees. Read more here.

🤝 M&A

  • Berlin-based startup Moove Connected Mobility got acquired by Netradyne acquired to scale its AI-powered fleet intelligence platform across Europe and establish a regional hub. Read more here.

  • Paris-based Getaround Europe and Copenhagen-based GoMore merged to create Europe’s largest peer-to-peer carsharing network across 11 countries and over 5 million users. Read more here.

  • Germany-based startup Sastrify got acquired by Deel to expand into SaaS procurement and software spend management. Read more here.


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Originally published on Substack.