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Startups

Startup coverage on Europa Now: rounds, pivots and the European companies growing up in public.

Vensum Power raises €9M to cut power losses in AI data centres, EV charging and energy storage

Startups

Finnish power-tech startup Vensum secures €9M to scale efficiency platform for EV and AI infrastructure

Vensum Power has closed a Series A round to ramp up production of its software-defined power conversion technology, with ambitions to tackle electricity losses in charging networks, storage systems and data centres.

UK Sovereign AI fund and Stripe CEO back Potential Sciences in multi-million-dollar raise

Startups

Stripe CEO and UK Government Back London Drug Discovery AI Startup

Potential Sciences, which uses AI and quantum chemistry to accelerate molecular research, has secured tens of millions in funding from the Sovereign AI fund, Patrick Collison and leading European venture firms.

Zilch sees revenues uplift but losses increase

Startups

Zilch doubles down on losses while revenue climbs 36 percent ahead of IPO push

The UK buy-now-pay-later fintech reported stronger customer spending and a $300m annual run rate, but operating losses nearly tripled as it invested heavily in growth and absorbed higher credit risks.

Memrise founders raise $3.3M for Mindmax, an AI tutor for exams

Startups

Memrise Founders Launch Mindmax, an AI Tutoring Platform, With $3.3M in Pre-Seed Backing

The London startup, built by the team behind the language-learning app Memrise, has secured funding from Concept Ventures and angel investors including the former Depop CEO and Helsing's co-founder.

Kabilio raises €10M to expand AI accounting platform and introduce AI agents

Startups

Kabilio Lands €10M to Scale AI Agents for European Accounting Automation

The Spanish fintech has secured fresh capital to roll out autonomous AI agents that handle invoice processing, reconciliation and client collaboration for accounting firms across Europe.

Barcelona’s Kabilio raises €10M to bring AI agents to accounting firms

Startups

Kabilio Secures €10M to Deploy AI Agents Across European Accounting Practices

The Barcelona-based startup has nearly quintupled its client base to 500 firms in a year, and now plans to automate entire accounting workflows through autonomous agents.

AI lab Flapping Airplanes is now worth $6B, four times its January value

Startups

Parsec Founders Launch Phaze to Let AI Agents and Humans Share Workstations

A new startup from the creators of Parsec has secured $8.75M in seed funding to enable companies to pool expensive computing resources between employees and AI agents, eliminating costly idle hardware.

Pliant raises $80M to open its B2B payments platform to AI agents

Startups

Pliant Lands $80M to Let AI Agents Handle Business Payments

The Berlin payments platform has crossed $100M in annual recurring revenue and is now opening its infrastructure to Claude, ChatGPT and custom AI agents through the Model Context Protocol.