European technology firms closed more than 65 funding rounds last week, pulling in over €1.8 billion across the continent and signaling enduring investor appetite despite broader economic uncertainty.
Fintech dominated sector performance with €621 million raised. Healthtech followed at €478 million, while energy companies secured €236.6 million. On a national basis, the United Kingdom led all countries with €694.4 million. Spain came second at €586.3 million, and Ireland rounded out the top three with €194.6 million.
ID Finance captured the largest single round, a €545 million mix of debt and equity from Spanish investors. Meanwhile, CMR Surgical struck a £300 million deal in the UK, strengthening its position in surgical robotics.
Salience Labs pulled in $125 million to scale photonic chips designed for AI data centers. The Oxford-based company plans to use the capital for manufacturing expansion. Germany’s 1KOMMA5° hit a $1.35 billion valuation while announcing a €100 million push into energy-focused AI.
Several substantial rounds followed. Irish fintech EZO raised €150 million in debt financing. France’s Dougs secured €50 million after eight years of bootstrapping, targeting automated accounting with AI agents. Two UK companies, Scarlet and Harmonic Security, each raised $50 million Series B rounds, focused respectively on medical device certification and AI governance.
Skeleton Technologies crossed the $1 billion valuation threshold with backing from Siemens, aiming at US expansion. Qilimanjaro Quantum Tech completed a €19.6 million first close for its Series A in Spain.
The week also saw meaningful startup activity at earlier stages. Causa Prima landed a $20 million seed just three months after its pre-seed. Swedish fintech Matters emerged from stealth with $5 million to build an AI-native consumer bank.
On the exits front, Intuit acquired UK fintech Sequence in a reported $200 million deal. Accenture bought Sagacity, a customer intelligence firm, to bolster its AI and data capabilities. French AI company Mistral made its fourth acquisition in eight months with UK-based New Material.
Merger activity touched Austria as well, where Omikron and COPS announced plans to combine operations. US legal tech acquired Switzerland’s Forentec, continuing cross-border consolidation patterns.
Looking ahead, the concentration of capital in fintech, healthtech, and energy suggests investors remain focused on sectors with durable demand drivers. The UK’s outsized share also hints at continued strength in London’s ecosystem heading into the final quarter.
