European tech funding surged past €1.7 billion last week, spread across more than 70 individual deals and a dozen exits and acquisitions. The numbers confirm artificial intelligence remains the continent’s dominant investment magnet.
AI startups pulled in roughly €3 billion. Space technology followed at €387.5 million, while healthtech attracted €115.1 million. Meanwhile, the United Kingdom led all countries with €541.8 million raised. Italy came second at €256.7 million, and Spain secured third place with €232.4 million.
The week’s largest transaction belonged to Open Cosmos. The UK-based satellite intelligence firm locked down €300 million to scale its Earth observation and connectivity capabilities.
Italy produced a milestone moment when Exein raised $270 million at a $1.7 billion valuation. The deal reportedly crowns Exein as Europe’s most valuable cybersecurity scaleup.
Spain’s Fever captured $250 million in a round led by EQT. Dutch AI chipmaker EUCLYD landed over €200 million in Series A funding while appointing former ASML chief Peter Wennink as Chairman.
Bulgaria celebrated its newest unicorn. EnduroSat raised €178 million, officially crossing the billion-dollar valuation threshold.
Sweden’s Tandem Health scored a $100 million Series B backed by the EU’s €5 billion tech startup fund. UK fintech Ayan Capital received a debt facility worth up to $100 million.
Smaller rounds remained active across the continent. German accounting platform Integral raised €18 million for AI-native tax services. Romanian business intelligence firm Veridion secured $20 million. Iceland’s Treble collected $18 million for acoustic simulation technology targeting physical AI applications.
Acquisition activity also picked up. Motorola Solutions bought Portuguese AI startup DeepNeuronic. GoStudent acquired Berlitz course locations to expand its offline education strategy. The Vienna Stock Exchange took a majority stake in North Data.
As a result, Europe’s startup ecosystem continues demonstrating resilience across sectors well beyond AI. Space, healthtech, fintech, and robotics all attracted meaningful capital. The coming weeks will reveal whether this pace holds through the autumn cycle.
