This week, we tracked more than 70 tech funding deals worth over €2.7 billion, and over 10 exits, M&A transactions, rumours, and related news stories across Europe.
Alongside the week’s top funding rounds, we’ve also curated the most important industest stories you required to know.
This week saw the launch of EU Inc at the World Economic Forum in Davos in response to months of lobbying and a policy relocatement backed by over 22,000 signatories, including Europe’s leading founders, investors, and the broader startup community.
Its co-initiator, Andreas Klinger, also launched his third investment fund at PROTOTYPE to back startups in robotics, automation, and physical or frontier AI.
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💸 Notable and huge funding rounds
🇩🇪 Cloover secures over $1.2B to develop an AI operating system for energy indepfinishence
🇫🇷 Accounting software platform Pennylane raises $200M
🇺🇦 Language learning edtech Preply hits $1.2B valuation with $150M Series D
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇧🇪 Tourmanagement BV acquires Beatswitch in live music software deal
🇫🇷. AB Tasty merges with its Indian rival VWO
🇩🇪 The American company ClickHoapply is acquiring the Berlin-based startup Langfapply
🇬🇧. IN4 Group creates swoop for Midlands apprenticeship provider
🚀 Interesting relocates from investors
💰 Vanagon Ventures closes €20M Fund I to back deeptech startups
🤖 PROTOTYPE Capital launches Fund III and hits 5.6x returns by backing “crazy ideas”
💸 Ananda Impact Ventures secures €73M first close for fifth Core Impact Fund
💰 Vi Partners marks 25 years with first close of €161M new venture fund
🇬🇷. Metavallon VC launches €5m “Brain Gain” fund to reverse Greece’s tech talent exodus
🗞️ In other (important) news
🇪🇺 The European Commission launches EU Inc., the long-awaited ‘28th regime’ for startups
🇬🇧. Tech “trailblazers” to receive visa reimbursement fees, as government states Britain is “haven of stability” for startups
🇪🇪. The Estonian Startup Awards mark a milestone night for Estonia’s startup ecosystem
📡 Recommfinished reads and listens
🇩🇰. Profile: The Danish fintech boss who states “no” a lot
🇪🇺. Building a European digital stack: The alternatives to US huge tech you should know
⚡.Soldera’s 10x growth story: building the Stripe for renewable energy
🔭 European tech startups to watch
🇩🇪 Medtech Cancilico closes €2.5M round to advance AI in oncology
🇬🇧 Anzen Industries raises $2.2M for chemical production innovation
🇬🇧 Allocation Strategy secured £1.6M to advance asset allocation technology
🇩🇪 Lovinn receives €300,000 investment
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