London-based Volta exited stealth this week at a €2.07bn valuation, having signed a $10bn compute deal with Anthropic despite the company barely existing six months ago. Berlin-based Moss also became Europe’s newest unicorn, closing a €30m Series C at a €1bn+ valuation to expand its Finance AI suite for European SMEs.
Let’s dive in.
💰 Funding rounds
London-based Volta raised €259.8m Seed and Series A at €2.07bn valuation to develop and operate AI factories with dedicated infrastructure powered by NVIDIA. Read more here.
Berlin-based Moss raised €30m Series C at €1bn+ valuation, reaching unicorn status, to expand its Finance AI suite for automated spend management across European SMEs. Read more here.
Lisbon-based Neuraspace raised €15.6m Series B to scale AI-driven space traffic management and defence-grade space domain awareness for monitoring satellites and expanding operations. Read more here.
Edinburgh-based Wordsmith AI raised $14m Series B to build AI agents for corporate legal teams to handle routine work internally and reduce outside counsel spend. Read more here.
Vienna-based conmeet raised €6m Seed to expand its AI-powered operating system for trades and construction businesses across the DACH region. Read more here.
Madrid-based FuVeX raised €3m Pre-Seed to accelerate expansion of its dual-use drone technology for critical infrastructure inspection, security and defence across Europe and Latin America. Read more here.
🌱 Startup news
New York-based Ramp, the $44bn fintech, is expanding in the UK, opening a London office and hiring dozens across legal, sales, engineering, growth and product, with Jacob Wallenberg leading international expansion and Eric Oancea heading the Europe team. Read more here.
💡 Other news
Mountain View-based Google DeepMind transitions leadership as Demis Hassabis moves to Chair of Google DeepMind and Chief Scientist of Alphabet to focus on long-term AI strategy and Isomorphic Labs, with Koray Kavukcuoglu taking over as Senior Vice President overseeing day-to-day operations. Read more here.
London-based Revolut CEO Nik Storonsky in talks over new share award if company hits $500bn valuation, emulating Elon Musk’s Tesla deal. Read more here.
📣 Fund news
Scaleup Europe Fund, established by the European Commission and managed by EQT, completed its debut investment by co-leading Espoo-based ICEYE‘s recent €1 billion at €10bn+ valuation to support Europe’s sovereign space intelligence capabilities. Read more here.
London-based White Star Capital closed Fund IV at $250 million to back globally ambitious founders at Series A and B stages, with the firm raising over $350 million across Fund IV and its inaugural North American Seed Fund. Read more here.
🎧 Podcasts
Scaling Europe Podcast featured Zaya Kadyrova, Co-Founder and Managing Partner at Aspire11, on how European pension money unlocks capital for late-stage private tech companies. Listen here.
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