This week, over 35 tech funding deals totaling more than €404 million were tracked, along with over 15 exits, mergers, acquisitions, rumors, and related news stories throughout Europe. If preferred, subscribe to our newsletter to receive a more detailed version directly in your inbox. Let’s dive into the highlights.
💸 Notable and big funding rounds:
– 🇬🇧 GoFibre receives £125M to enhance connectivity in rural Scotland.
– 🇹🇷 Investment app Midas lands $80M Series B, marking the country’s largest fintech deal.
– 🇩🇪 Stark raises $62M for weaponised drone systems, with backing from Sequoia and Peter Thiel.
– 🇨🇭 Loft Dynamics secures $24M Series B to revolutionize pilot training with VR simulators.
🫱🏽🫲🏻 Noteworthy acquisitions and mergers:
– 🇬🇧 Starling Bank acquires UK accounting startup Ember.
– 🇨🇭 Advent to acquire Swiss chipmaker U-Blox in a $1.3B deal.
– 🇩🇪 US quantum computing firm Strangeworks expands its European footprint with the acquisition of Quantagonia.
– 🇩🇪 Visma reinforces DACH presence with the acquisition of AI-driven platforms milia.io and Taxy.io.
🚀 Interesting moves from investors:
– 💰 Clean Growth Fund raises one-third of its £150M fund target.
– 🌳 Norrsken Evolve launches a €57M fund to support “impact tech.”
– 🇩🇰 Spintop Ventures bolsters Nordic expansion with a new Danish office and Principal.
🗞️ In other (important) news:
– 💳 N26 co-founder Valentin Stalf steps down from CEO role amidst investor disputes.
– 🇪🇺 Brex aims to enter the EU market with a partnership-focused strategy.
– 💲 A digital bank for the Turkish diaspora plans to launch in the UK.
– 📱 Monzo follows Revolut and Klarna with plans to unveil a mobile service.
📡 Recommended reads and listens:
– 🇬🇧 Discover Doncaster, the UK’s hidden AI hub.
– 💊 Explore the challenges AI drug discovery startups face, and how Turbine plans to overcome them.
– ☀️ Cyprus is emerging as a Mediterranean hub for tech and innovation.
– 📱 Inside Nemo: The rapid development of an inclusive banking fintech prototype.
🔭 European tech startups to watch:
– 🇬🇧 Seabound receives a £1.1M UK Government grant.
– 🇬🇧 Meshed secures £950,000 for its AI insurance broker targeted at SMEs.
– 🇳🇱 WePositive.Energy obtains €350,000 to use AI against grid congestion.
– 🇩🇪 RedMimicry acquires Seed funding to grow its cyberattack emulation platform.
– 🇨🇿 Lignufy receives €40,000 to digitize Europe’s timber trade.