AI infrastructure keeps pulling in massive amounts of capital, with London-based Nscale securing a $900m revolving credit facility to build data centres and cloud infrastructure across the US, Europe and Asia-Pacific. In Munich, Proxima Fusion raised €411m to build its net-energy stellarator demonstrator, the largest fusion investment on record in Europe. Germany also had a strong day overall, with five separate raises spanning fusion, finance software and industrial materials.
Let’s dive in.
💰 Funding rounds
London-based Nscale secured a $900m revolving credit facility to build data centres and cloud infrastructure across the US, Europe and Asia-Pacific. Read more here.
Munich-based Proxima Fusion raised €411m to build Alpha, a net-energy stellarator demonstrator that validates key technologies for the world’s first commercial fusion power plant in the mid-2030s. Read more here.
Lisbon-based BIZAY secured €48.7m Series D to consolidate the global customisation market and accelerate its US operations, while achieving profitability for the first time. Read more here.
London-based Hive raised $15m pre-Series A to build a silicon brain that automates industrial machines without requiring cloud dependency or large training sets. Read more here.
Abingdon-based Luffy secured £8.1m to deploy neuroplastic AI that self-tunes electric motors in real-time without cloud or pre-training. Read more here.
UK-based Whering raised $7m as its digital wardrobe platform reached 10m users, enabling AI-powered styling and circular fashion through resale integrations. Read more here.
Leiden-based Whispp raised €5m to scale its on-device voice reconstruction AI that converts whispered speech into clear, natural voice for private and discreet communication. Read more here.
French startup Panora secured $5m to automate administrative workflows for insurance brokers, including document collection, quoting and compliance. Read more here.
Berlin-based ARC Intelligence raised €4m to scale its AI-native Finance OS connecting ERP, CRM and enterprise systems into one platform for real-time visibility. Read more here.
Madrid-based 8Layers extended its pre-Seed round to €2.5m total to accelerate commercialisation of its digital identity security platform integrating ISPM, ITDR and European regulatory compliance. Read more here.
Germany-based Porelio secured €2.4m to scale its advanced materials that recover precious metals from industrial waste and remove persistent PFAS chemicals from water. Read more here.
Paderborn-based Tentris raised €2m pre-seed to help enterprise systems query connected data efficiently without the performance problems typical of graph databases. Read more here.
German startup Auxilius raised €1.3m pre-seed to expand its AI-powered GRC software that automates compliance by converting policies and regulations into executable code. Read more here.
Oxford-founded Gyre Energy secured $1.3m to expand its AI-driven cooling optimization platform combining thermal energy storage to reduce industrial cooling costs. Read more here.
Tallinn-based Display.dev raised €470k pre-seed to build a document platform enabling AI agents to publish, share and collaborate on content with built-in feedback loops. Read more here.
🌱 Startup news
Prague- based BottleCap AI released ThinkingCap-Qwen3.6-27B, an open-source fine-tuned model that reduces reasoning tokens by 46% while maintaining performance, allowing for faster inference and lower costs. Read more here.
📣 Fund news
Warsaw and London-based Expeditions closed its second fund at €197m, surpassing its revised €150m target, backing European defence tech startups. Read more here.
🎧 Podcasts
The Scaling Europe Podcast featured Carla Gómez Cano, Co-founder of THEKER Robotics, on how robots automate the hardest physical labor in heavy factories. Listen here.
Subscribe to the weekly edition for the highlights here.