European technology companies locked down more than €1.7 billion across 70-plus funding rounds this week, while a German space intelligence firm grabbed the largest single deal at €300 million. Ten acquisitions, merger rumors, and other market movements rounded out a frenetic stretch for the continent’s innovation economy.
Open Cosmos secured that headline sum to accelerate its satellite intelligence and connectivity ambitions. Meanwhile, Italian cybersecurity company Exein pulled in $270 million at a $1.7 billion valuation, staking a claim as Europe’s most valuable cybersecurity scaleup.
Spain contributed another heavyweight round. Experience marketplace Fever raised $250 million with EQT leading the charge. Across the border in the Netherlands, EUCLYD closed a Series A exceeding €200 million and brought former ASML chief Peter Wennink aboard as chairman.
Acquisition activity kept pace with fundraising. Swiss firm Endra launched Power Studio and snapped up Planlabs to push into mechanical engineering. Belgian platform LeHibou acquired Afarax, extending its European footprint. Vienna Stock Exchange took a majority position in North Data, while French outfit Fime bought Red Alert Labs.
Investor momentum showed no signs of slowing either. BioInnovation Institute backed 17 early-stage startups with €9.5 million. Brighteye Ventures landed a $72 million first close targeting the future of learning and work. Crane Venture Partners hauled in €419 million as it pushes across Europe, APAC, and the US.
A fresh report sounded alarms about Europe’s AI competitiveness, warning of “acute risk of marginalisation” unless billions in funding materialize. Swedish fintech Trustly announced roughly 200 job cuts. LF Energy published research showing open source could deliver up to five times more value for energy grids.
On the product front, Monzo unveiled a metal credit card that automatically invests cashback. Smaller rounds also caught attention, including OriginalVoices’ £1 million pre-seed, Nearby Computing’s €680,000 for edge orchestration, and Arcustin Games’ $500,000 from Webrazzi GSYF.
Momentum appears poised to continue as investors deploy fresh capital and consolidation reshapes key verticals.
