Two European software companies posted major numbers today, with Stockholm-based Lovable in talks to raise funding at a $12bn+ valuation, doubling its price tag in just six months as the vibe-coding platform scales globally. London-based Payhawk also crossed $100m in annual recurring revenue, on the back of 159% year-on-year growth in new business.
Let’s dive in.
💰 Funding rounds
London-based Fleek raised €22m Series B to digitise the global secondhand fashion supply chain with AI infrastructure automating inventory assessment, grading and trading at scale. Read more here.
London-based Axle Energy raised €21m Series A to expand its energy flexibility platform turning EV chargers, batteries and heat pumps into grid-balancing capacity across the UK and international markets. Read more here.
Belgium-based Polysense raised $10.7m to scale its AI quality control system for food manufacturers, automating visual inspection and defect detection in production. Read more here.
Toulouse-based Bohr Energie raised €10m Series A to scale its AI-powered platform optimising the management and commercialisation of distributed renewable and flexible assets including batteries. Read more here.
Berlin-based Fuchs & Eule raised €10m Series A to help commercial landlords translate ESG data into specific renovation plans, improving energy efficiency and decarbonization across European property markets. Read more here.
Germany- based Finto raised $3.4m to build AI agents for enterprise workflows, choosing Munich over Silicon Valley for its expansion. Read more here.
UK-based Kord raised £6.4m to unify client onboarding, identity verification and payments into a single end-to-end platform for financial services. Read more here.
Wageningen-based Aardaia raised €5m to build new crop varieties from wild plants and develop its protein potato for sustainable agriculture. Read more here.
Leipzig-based Birdsview raised €2.5m Seed to scale Avys, its AI email marketing agent that automates retention messaging for e-commerce shops end-to-end. Read more here.
UK-based Respiro Diagnostics raised £1m to advance its breath-based diagnostic technology for detecting lung diseases non-invasively. Read more here.
Berlin-based reverse.fashion raised seven-figure funding to scale its AI-powered textile sorting technology automating the grading and categorisation of secondhand clothing. Read more here.
🌱 Startup news
Stockholm-based Lovable is in talks to raise funding at a $12B+ valuation, doubling its price tag in six months as the vibe-coding platform scales globally. Read more here.
London-based Payhawk surpassed $100m ARR driven by 159% YoY growth in net new business and 95% YoY growth in payment volumes, powered by an AI-native overhaul. Read more here.
🤝 M&A
London-based Circeus acquired UK-based Encodian, a document automation provider for Microsoft Power Platform, to expand its AI-powered capabilities and add agentic experiences to Encodian’s offerings. Read more here.
🎧 Podcasts
The Scaling Europe Podcast featured Sai Shivareddy of Nyobolt, on building the critical power infrastructure for the AI world. Listen here.
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