European tech weekly recap: €4.6B in deals and August’s highlights
Last week, we tracked more than 50 tech funding deals worth over €4.6 billion and over 10 exits, M&A transactions, rumours, and related news stories across Europe.
Tamara Djurickovic4 minutes ago
Last week, we tracked more than 50 tech funding dealsworth over€4.6 billion and over 10 exits, M&A transactions, rumours,and related news stories across Europe.
📊 Our latest monthly report, published last week, shows that European tech startups raised €3.2 billion across 165 funding deals in August, with both investment and deal activity declining sharply from July.
The UK led funding with €1.4 billion, while AI attracted €677.1 million. Exit activity also slowed, with 37 transactions recorded during the month.
Access the full report for additional data and analysis on European tech funding and exit activity in August.
❗ Be sure to check out the Tech.eu Funding Explorer, free and open to everyone, for deeper insights into funding data, investor activity, company profiles, and market trends. Now, let’s get you up to speed on everything that happened last week.
Have a great week!
Funding deals by amount
- UK: Nscale closes $3B debt package to power AI infrastructure buildout across the US
- NETHERLANDS: AI startup Wonderful raises $550M at $5BN valuation
- UK: FNZ raises $450M in funding
- UK: Scan.com raises $220M to dominate US market
- UK: Salesforce leads $166M HiBob funding round at $3.2B valuation as AI strategy expands
- UK: Batterytech firm Nexeon secures €116.7M with National Wealth Fund backing
- SPAIN: PLD Space adds €108M to Series C, bringing round to €288M
- SPAIN: IPronics secures $125M Series B funding from Nvidia
- SWEDEN: Elekta secures €100M EIB loan to advance cancer and neurological treatments
- GERMANY: Cloover turns profitable at $350M revenue run rate and secures $100M financing facility
- GERMANY: HyImpulse secures €50M+ to scale suborbital and orbital launch services
- BELGIUM: Conveo raises $50M to scale its AI-powered consumer intelligence platform
- SWITZERLAND: NovaGo Therapeutics raises $30M in Series B funding
- UK: Reapit receives over £20M investment from Accel-KKR
- SPAIN: ID Finance secures €21M from nordIX to grow its Spanish lending business
- ITALY: Tensive raises €20M in debt funding
- GERMANY: INLEAP Photonics raises €20M to expand laser counter-drone systems
- GERMANY: Atira raises $17.5M to bring AI orchestration to industrial sales
- SPAIN: Adressing complicated pregnancies, iPremom raises €15M to advance early detection
- BELGIUM: Octave.energy raises €10M to scale BESS and EMS solutions across Europe
- SWITZERLAND: xorlab secures €5M to scale its email security platform across Europe
- GERMANY: Zeit AI raises €5M to give Europe’s mid-market its own data engineer
- UK: Strolll secures €5M in Innovate UK funding and additional IW Capital-led investment
- UK: AI Score raises $5.4M to scale its enterprise AI governance platform
- UK: Ki 13 raises $5M for affordable synthetic fuels
- BELGIUM: Backbone raises €4M for automated food quality and compliance
- SPAIN: MOA Foodtech closes a €3.3M funding round led by Swanlaab and the EIC Fund to accelerate its commercial expansion
- UK: Orchestra lands $3.3M led by Differential Ventures after hitting 10x growth
- NORWAY: S-Transistors raises €2.6M for superconducting quantum computing platform
- GERMANY: Realyze Ventures and business angels are investing €2.6M in Phase0
- UK: Pharosyn raises $3M to speed up pharma’s commercial decisions
- ITALY: Obesity digital clinic Holifya raises €2M to scale AI-supported GLP-1 care
- SWITZERLAND: Reducing preterm birth risks in foetal surgery, KOVE Medical secures €1.7M
- CYPRUS: Piney raises €1.6M seed round
- POLAND: Biotech startup Science4Beauty raises €1.4M in Series A funding round
- UK: Souk lands $1.6M to turn inactive B2B partners into revenue
- ESTONIA: Instarc raises €1.25M to scale its cloud-native compliance platform
- GERMANY: Skylance secured €1M investment
- SWEDEN: Drone cleaning startup Cleean raises €900,000 despite regulatory questions
- UK: Rightcharge raises £500,000 to scale fleet EV charging payments across Europe
- AUSTRIA: Serwas Technologies raises nearly €300,000
- SWITZERLAND: Foldcast secures €160,000 to reduce concrete use with recyclable paper moulds
- SWITZERLAND: PANDA Therapeutics secures €160,000 to advance multi-target Alzheimer’s therapy
- SWITZERLAND: Stellar Alpina secures €160,000 from Venture Kick for in-space propulsion
- FRANCE: Space Cargo Unlimited invests in CNES subsidiary Novespace to expand microgravity offering
- UK: Healf raised an undisclosed amount of funding
- FRANCE: After turbulent years, Sorare has completed a new round of financing with its historical investors
- SWITZERLAND: Finfluencer Fabio Marchesin invests in Relai’s funding round
- SWITZERLAND: DataHow closes bridge funding
- GERMANY: Project-S raises multi-million-euro seed funding round
- SWEDEN: Hiasynth raises angel funding to build a queryable synthetic model of Europe’s population
- GERMANY: Hotel Investments is investing an undisclosed sum in Novumstate
- FINLAND: Creoir <a href="https://www.eu-startups.com/2026/09/oulu-based-creoir-secures-seed-funding-to-scale-voice-ai-for-defence-and-mission-critical-systems/” rel=”nofollow noopener” target=”_blank”>secures seed funding to scale voice AI for defence and mission-critical systems
Exits and M&A activity
- AUSTRIA: Viennese app software startup Margelo is acquired by Polish company Callstack
- UK: IPipeline completes Origo acquisition
- GERMANY: Factorial from Spain acquires Berlin AI startup Empion
- UK: London’s HITAI acquires YC-backed fitness gaming studio Quell to boost its sports motion-tracking platform
- UK: Salford motion capture startup Captive Devices bought by listed firm
- AUSTRIA: London-based investor Tenzing is acquiring a majority stake in the Salzburg-based software company Pimcore
- SWITZERLAND: Stryker acquires ZuriMED to enhance its shoulder offering
- FRANCE: LexisNexis completes acquisition of French Legal AI startup DOCTRINE
- SWEDEN: Fresh from a €14.6 million seed round, eComID acquires Nilum to push into recommerce
- FRANCE: Fomo acquires Mobula Technology
- NORWAY: Oslo-based Pistachio acquires Hugin.io to expand into cybersecurity compliance
- UK: Pirkx joins Pri0r1ty Intelligence as AI company expands into employee wellbeing and benefits
- GERMANY: Pyure is acquiring klima&so, a Berlin-based climatech company
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