Hello and welcome back.
It was a big day for quantum with a huge raise in the UK, and Leonardo DiCaprio himself backed a startup in Sweden.
Let’s dive in.
💰 Funding rounds
Universal Quantum raised €89M Series A to scale modular quantum computers. Read more here.
TrueLayer raised $27M to grow its bank payments network in Europe. Read more here.
UniSieve raised $9M Series A to make membranes that separate chemicals without heat. Read more here.
Verso raised $6M seed for an AI platform that gives businesses consumer insights. Read more here.
Golbriak Space raised €4M seed to make laser communication terminals for satellites. Read more here.
OllyGarden raised $4M to help companies cut unreliable and unnecessary monitoring data. Read more here.
NeoFleet Capital raised €3.5M pre-seed to finance taxi fleets across emerging markets. Read more here.
IMMIX raised €3.12M to build currency exchange for stablecoin payments beyond the US dollar. Read more here.
TODAY raised €2.8M seed for AI tools that help financial and insurance advisors. Read more here.
Neela Biotech raised £2.1M pre-seed to make jet fuel from food, farm and forest waste. Read more here.
Finches raised €2M pre-seed for AI that warns food companies about supply risks early. Read more here.
Innercrowd raised €750K to help festivals sell tickets through their fans. Read more here.
🌱 Startup news
Elvy announced an undisclosed investment from Leonardo DiCaprio, part of a €1.43M second close of its funding round. The energy subscription company also rolled out a customer referral platform and said its revenue grew tenfold in 2025. Read more here.
💡 Other news
The UK and Germany have launched a tech corridor to help companies on both sides of the North Sea partner, invest and adopt AI. Read more here.
📣 Fund news
PSV Tech closed its €56M Fund II to back Nordic startups before they reach product-market fit. Read more here.
🎧 Podcast of the day
Scaling Europe Podcast featured Raffi Kamber, General Partner and Co-Founder at Singular, on how Europe is combining AI and science to build new startups. Watch here.
Make sure to catch all the relevant news, subscribe to the weekly edition for the highlights here.
Dust and Spendesk are hosting a breakfast in London for finance leaders.
On November 5 they are bringing together CFOs, Heads of Finance Operations and senior leaders driving business transformation and AI adoption to share how they are making AI part of everyday work. Sign up here.
Chargebee’s Beelieve Roadshow comes to Paris 🇫🇷
It’s an exciting event for software teams working out how to price and run their business in the AI era. Here’s your chance to learn how to build a scalable business model as AI changes how software is sold. Register here for the event.
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