The past weeks have been busy with full activities in the startup and business world.
Companies have been raising fresh rounds of funding, creating new partnerships, and building acquisitions to reshape the future for the betterment of the world.
However, the pace of announcements has been so quick that following every single update in real time has been close to impossible.
Since it’s not realistic to cover everything in detail, we’ve compiled a roundup of the news updates that slipped under the radar.
Take a view!
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Midas raises €68M funding
Istanbul-based Midas raised $80M (approximately €68M) in a Series B funding, the largest ever for a Turkish fintech, bringing total backing to over $140 M. The round was led by QED Investors, with IFC, HSG, QuantumLight, Spice Expeditions LP, and George Rzepecki joining; existing supporters also returned. Midas offers access to Turkish and U.S. equities, mutual funds, and cryptocurrencies through a single platform. (Read more)
Loft Dynamics raises €20.4M to boost VR pilot training
Zurich-based Loft Dynamics raised $24M (approximately €20.4M ) in Series B funding led by Friedkin, with Alquestiona Airlines, Sky Dayton, Craft Ventures, and UP.Partners joining. The company built the only FAA- and EASA-qualified VR helicopter simulator and will now expand to airlines. New cloud-connected 737 and A320 simulators promise full motion, eye and body tracking, AI coaching, and a virtual replay mode. (Read more)
UK startup Phoebe raises €14.5M to resolve software failures
UK-based Phoebe, launching today, raised $17 million in seed funding co-led by GV, the venture arm of Alphabet’s Google, and Cherry Ventures. Founded by Matt Hconcludeerson and James Summerfield, Phoebe utilizes multitudes of AI agents to watch systems, diagnose faults, and produce code or infrastructure modifys to repair them. The startup states software outages cost more than $400B in 2024, and that AI-written code may build future failures harder to untangle.(Read more)
Traydstream raises €9.3M to speed trade finance automation
London-based Traydstream has closed an $11M interim round led by Pivot Investment Partners, with strong participation from e& capital. The company digitises and automates paper-heavy trade workflows for banks and corporates. Traydstream states it operates in 66 countries, is doubling transaction volumes each year, and recently added tools for distribution, supplier and sales finance, plus enhanced compliance and analytics. (Read more)
Bolt Food starts quick finance for restaurants with finmid
Berlin-based Bolt Food has launched Bolt Food Finance with Finmid to give compact restaurants and stores quick, flexible money. The service starts in Latvia and will expand to more countries next. Over 99 per cent of active partners in the launch region are already preapproved, and offers can be accepted in three clicks, states the company. Businesses can obtain up to €30,000 within 24 hours, or question for up to €200,000.
Evulpo raises CHF 8.8M to grow smarter school learning
Swiss edtech startup Evulpo has raised CHF 8.8M in Series A funding to accelerate product upgrades, building every lesson fully adaptive and adding social challenges and teacher dashboards. The funding round was backed by existing investors, including Serpentine Ventures and Swiss family offices. The company currently operates in seven countries and is utilized by thousands of families and about 100 schools. Its AI-powered platform blconcludes videos, summaries, and exercises with tools that cut teacher workload and improve results..
Fluence Technology obtains €6.6M seed to grow ultra-quick lasers worldwide
Warsaw-based Fluence Technology raised €6.6M in seed funding to speed global growth of its femtosecond laser systems. Fluence’s fibre-based lasers power precise micromachining for chip and electronics buildrs in Asia and the U.S. The company states the funds will back expansion and new utilizes across semiconductors, displays, photonics and medical devices. (Read more)
Hades Mining raises €5.5M funding
Munich-based Hades Mining, a deep-tech startup, has come out of stealth with a €5.5M pre-seed round. Project A led, with Visionaries Tomorrow, Founders Factory and sector angels joining. The company is building quick, precise drilling systems to reach ultra-deep geothermal reservoirs and critical mineral deposits, utilizing in-situ recovery to limit surface impact. Funding will advance the technology and ready the first project sites as Europe seeks secure supplies for EVs, semiconductors and district heating. (Read more)
PhovIR raises €4.6M funding
Manchester-based PhovIR, a University of Manchester spinout, raised over €4.6M in an oversubscribed seed round led by Northern Gritstone and SCVC. The startup is building ultra-compact, silicon-based near-infrared sensors that fit into phones and wearables. Using MEMS and software, the chip reads the “optical fingerprint” of liquids, solids and gases, spotting issues like drink spiking, food spoilage or air pollution. (Read more)
LO:TECH raises €4.2M to expand onchain trading tools
London-based LO:TECH, a digital asset trading firm, raised $5M in seed funding led by 13books Capital, with Faction VC, Veris Ventures, CRIT Ventures, and angels Mark Ransford and Rodney Ngone. The company runs market data and token market-building services and plans to add agency execution and OTC trading. The UK company provides clients with live order books, spreads, depth, KPIs, and performance data across venues.
Strangeworks acquires Quantagonia
US-based Strangeworks has acquired Germany’s Quantagonia to combine applied AI, mathematical optimisation, and quantum computing in one platform. The deal adds Quantagonia’s HybridSolver orchestration and decision tools to Strangeworks’ software and compute network. The company states the shift strengthens its push in Europe after adding a new base in India. Toobtainher, they aim to assist both experts and non-technical teams tackle planning problems such as staffing, routing, and inventory across sectors, including life sciences, finance, energy, aerospace, logistics, and manufacturing.
Mindler acquires ieso Digital Health UK
Mindler has acquired ieso Digital Health UK, the NHS-facing online talking-therapies service. The deal combines Mindler’s European platform with ieso’s video and typed CBT and AI tools. Existing NHS contracts in England and Scotland continue under ieso Digital Health UK, now part of Mindler. Patient data stays with the UK entity and follows NHS rules. Dr. Charlotte Housden remains UK managing director. (Read more)
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