Europe’s technology sector just recorded one of its busiest funding weeks of the year, with more than 65 deals closing at a combined value exceeding €1.5 billion.
The surge arrives alongside fresh data confirming a broader recovery. European tech funding rebounded to €27.8 billion in the third quarter, powered heavily by billion-euro mega-rounds.
Leading this week’s deals, Swedish legal AI company Legora vaulted to an $8.8 billion valuation after raising $550 million. Meanwhile, the Scaleup Europe Fund spearheaded a £250 million investment in French business planning platform Pigment.
British small business lender iwoca secured a €185 million credit line. Estonian fintech Blackwall hit a $2.2 billion valuation with its $100 million Series C, accomplished just weeks after joining the country’s unicorn ranks.
Consolidation continued across the continent. Dutch firm Omnidocs acquired WoodWing, creating one of Europe’s largest document management players. German HR tech company Workflex picked up rhome, while Standard Chartered moved to acquire digital asset custody provider Zodia Custody.
Investor activity showed no signs of slowing. Nvidia backed four German startups as part of its €10 billion European investment commitment. Spanish venture firm Seaya raised €600 million for a new growth fund targeting Europe’s next global tech leaders.
German venture capitalists pushed for a €15 billion annual funding increase to nurture future tech giants. EIT launched a €40 million call to help university deep tech research reach the market. The FSE Group unveiled a £70 million-plus London growth fund aimed at underserved scaleups.
Beyond the money, notable developments included a former Google DeepMind senior researcher launching a London-based compute-efficient AI company. Two hydrogen startups, PowerUP and H2Boat, tackled yachting’s diesel dependency.
Smaller rounds rounded out the week. Italian food waste startup Ganiga raised €2.5 million, Turkish drone communications firm Arke Telekom landed €1 million, and British EV charging company Go Eve secured £750,000.
The pace of investment suggests momentum will carry into the fourth quarter, with deep tech and AI continuing to attract outsized attention across Europe.
