More than 65 technology funding transactions totalling over €2 billion moved across Europe this week, accompanied by at least 4 exits and M&A announcements. The week showcased strength across multiple sectors, from defence tech to artificial intelligence.

Major funding rounds

  • TEKEVER, a Portuguese company, secured $580 million in its Series D round, reaching a $6.4 billion valuation
  • Bird, based in the Netherlands, raised $450 million in debt financing while reducing its workforce from a peak of 1,000 employees to 120
  • Finnish firm Verda obtained $189 million to develop its AI cloud infrastructure and expand computational resources

Acquisitions and mergers

  • Munich-based agricultural photovoltaic startup feld.energy is acquiring AckerKapital, its competitor based in Cologne
  • EYSA completed the acquisition of Joinup, strengthening its standing as a full-service mobility provider
  • Mistral AI acquired Pimento, advancing its strategy toward enterprise-focused applications

Investor activity and new funds

  • DTCP closed a €455 million defence fund designed to expand Europe's strategic technology capabilities
  • Final Frontier and Myriad combined efforts to launch a €100 million defence technology fund
  • NewSchool VC closed its €10 million Fund I backing early-stage B2B technology companies
  • Project Ventures launched a £5 million fund targeting Imperial-connected deeptech and AI startups

Strategic initiatives and partnerships

  • Singapore's NUSX is positioning itself to challenge Munich's deeptech leadership, partnering with UnternehmerTUM
  • SPRIND and NADI announced a €40 million challenge aimed at reimagining European semiconductor design
  • Estonia's Defence Forces entered into a three-year defence technology partnership with venture capital firm Archangel

Emerging companies and rounds

  • Eevi secured pre-seed funding to enable language learners to practice speaking immediately
  • Adlyse is developing AI agents capable of managing advertising campaigns continuously
  • DiffuseDrive is addressing data shortages that constrain Physical AI development
  • A European team in Japan raised $1.2 million for modular humanoid robot deployment
  • Palma.ai, a German startup, raised $1.8 million to bring controlled AI agents to enterprise customers
  • Dutch company Duqu secured €1.5 million to accelerate business access to working capital
  • Italian firm Gamindo raised €1.4 million to enhance corporate training through interactive experiences
  • Spanish AI platform Reply Next obtained €400,000 in pre-seed funding

Source: Tech.eu