TechEU

Quanscient, a Finnish company focused on cloud-based multiphysics simulation technology and quantum algorithms, has raised €10 million in a Series A funding round to support its international expansion and further develop its simulation, quantum computing, and AI capabilities. The round was led by 55 North and B&C Group, with participation from existing investors Maki.vc, Crowberry Capital, QAI Ventures, and First Fellow Partners. While AI has reshaped many industries, hardware engineering conti

Avrea, a modern Continuous Integration (CI) platform built for the agentic AI era of software development, has emerged from stealth after securing $4.7 million in total pre-seed funding led by Earlybird. As AI tools generate an increasing share of software code, development teams are entering a new phase of accelerated output. However, the systems responsible for testing, validating, and shipping that code have largely remained unchanged, creating a widening gap between how quickly software can

Tequipy, a platform that ships, services, and retrieves employee IT devices in 180+ countries, has raised over €3 million in a round led by Smedvig Ventures, with participation from Manta Ray and Unfold.vc.  The company already works with more than 150 fast-growing tech companies, including Booksy, Connecteam, Gigs, ICEYE, RemoFirst, and Taptap Send, and has grown 7x in the last year. The company will use the funding to expand its platform beyond hardware into software and security operations.

Last week, we tracked more than 65 tech funding deals worth over €1.1 billion, and over 5 exits, M&A transactions, rumours, and related news stories across Europe.Click to read the rest of the news.

This week, we tracked more than 65 tech funding deals worth over €1.1 billion and over 5 exits, M&A transactions, rumours, and related news stories across Europe. If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox. Either way, let's get you up to speed. 💸 Notable and big funding rounds 🇪🇸  EOS-X Space raises $140M 🇩🇪  Verdane is reportedly investing more than $100M in Eterno 🇬🇧  Primer

In March, Tech.eu reported on the story of “Rachel,” an AI voice agent created by AI engineer Matt Cortland to call more than 3,000 pubs across Ireland and ask a simple question: how much does a pint of Guinness cost? Using voice AI tools, Rachel successfully collected over 1,000 verified prices from pubs across all 32 counties, with most bartenders unaware they were speaking to an AI. The story went viral, demonstrating the real-life impact of voice AI. But beyond the price of Guiniess, voic

Driverless car startup Bliq.ai this week announced that it has received approval to operate its vehicles on public roads in Estonia without a driver behind the wheel.  The approval marks the first authorisation of its kind in an EU member state and enables Bliq to begin fully driverless road operations under remote supervision. With a dozen vehicles already in operation and further expansion underway, Bliq currently operates what the company believes to be the largest completely driverless veh

French fault-tolerant quantum computing company Alice & Bob has raised investment from NVentures, NVIDIA’s venture capital arm, that expands its €100 million Series B round.   The investment supports Alice & Bob's development of an architecture towards fault-tolerant quantum computing.   According to Théau Peronnin, CEO, Alice & Bob:  “We’ve been working alongside NVIDIA to connect our cat-qubit architecture with its full accelerated computing ecosystem, from hardware to software, in support

Tyrol energy generation startup REPS today announced a $23.6 million equity financing round to scale its Road Energy Production System, a patented “road power plant” that converts vehicle traffic into electrical energy.   Its core product is a patented road power plant that installs directly into existing road infrastructure and harvests energy from trucks and cars driving over it, without disrupting traffic flow or logistics operations. Every day, enormous amounts of energy are lost through

Biotech company Efferon has raised €2.5 million in a seed funding round led by private investors from the DACH region to support the European commercial expansion of Efferon LPS, its hemoadsorption device approved for the treatment of sepsis and septic shock. Efferon develops multimodal hemoadsorption therapeutic devices designed to remove endotoxins and inflammatory mediators directly from the bloodstream. The company’s product portfolio includes Efferon LPS, a hemoadsorption cartridge combinin

Manchester techbio Imperagen has closed a £5 million seed funding round led by PXN Ventures with participation from Imperagen’s existing investors IQ Capital and Northern Gritstone. Established in 2021 by researchers from the Manchester Institute of Biotechnology, Imperagen is focused on accelerating the process of enzyme engineering. Serving diverse markets, from pharmaceutical manufacturing and life sciences to sustainable fine chemical production and industrial applications, we work hand-in-

Starling Bank has reported a drop in profits and revenues, but said revenues at its SaaS subsidiary surged, according to its latest set of financial results. The UK challenger bank, which has over six million customers, reported that pre-tax profits fell three per cent to £217m while revenues fell from £940m to £887m in the year ending March 2026. The fall in profits was attributed to a fall in interest income, which fell from £882m to £759m, on lower interest rates. The challenger bank said tha

European AI companies raised over €5.3 billion during 2025, with capital heavily concentrated among a small group of companies led by Mistral AI, Helsing, Black Forest Labs, Synthesia, ElevenLabs and n8n. While foundation models, defence AI and generative media attracted some of the year’s largest rounds, the broader market also showed strong momentum across applied AI, with startups building sector-specific products for healthcare, manufacturing, aviation, legal services, logistics, customer s

Spacetech company ICEYE today announces it has originated a €300 million 3-year committed revolving credit facility (RCF). ICEYE delivers persistent monitoring capabilities to detect and respond to changes in any location on Earth and owns the world's largest and most advanced SAR (synthetic aperture radar) satellite constellation.Its constellations serve customers in defence and intelligence, environmental monitoring, insurance and emergency management. We enable fast decisions that contribute

Norwegian imaging technology company Muybridge has closed an oversubscribed $16 million Series A funding round led by Investinor, Fairpoint, Idekapital and RunwayFBU, with participation from several Nordic technology founders and operators. The company develops a software-defined imaging platform designed to replace traditional broadcast camera infrastructure with compact arrays of 4K sensors and GPU-powered systems. Rather than relying on physical cameras, cabling and large production setups, M

Paris-based Pivot, an AI-powered procurement and finance operations platform, has raised $40 million in an oversubscribed Series B funding round led by Forestay Capital and Notion Capital, with participation from Greyhound, procurement industry executives and existing investors including Hedosophia, Visionaries Club and Emblem. The latest financing brings the company’s total funding raised since its founding in 2023 to $70 million. Pivot develops an AI operating system designed to help enterpris

European businesses are shifting from pilot to deep integration of OpenAI’s technology, but there is a “little bit of a capability overhang” between the utility of AI models and what businesses can successfully deploy, according to OpenAI’s revenue lead. Ashley Kramer, OpenAI’s vice president, enterprise, said the biggest challenge European enterprises- typically defined as businesses with more than 1,000 employees-face when deploying OpenAI's technology was “extracting the value” out of AI mode

Quantum Bridge Technologies has closed a $8 million Series A funding round led by Primo Capital SGR to accelerate the global transition to quantum-safe cybersecurity infrastructure.  Founded in 2019 by Mattia Montagna and Hoi-Kwong Lo, Quantum Bridge emerged from one of the world’s leading quantum security research groups to deliver quantum-safe security solutions.  Quantum Bridge addresses the systemic threat posed by quantum computing to current cryptographic infrastructure. The company’s pa

QuberTech, a UK biotechnology company developing sustainable natural rubber from specially engineered dandelions, has raised £3.4 million in combined grant funding and equity investment to accelerate development of its engineering biology platform and scale commercial operations. Natural rubber is one of the world’s most strategically important industrial materials, used across sectors ranging from automotive and healthcare to manufacturing and defence. Global supply chains are heavily reliant

Zurich-based industrial AI company building 24/7 thermal monitoring for the world’s most fire-prone facilities, AVIAN, has raised a $2.6M pre-seed round, led by Founderful.  Insurance markets are tightening, and more sites are being treated as high risk as equipment ages and failure rates climb. The old approach to thermal safety still looks like periodic thermography, a technician walking the floor with a handheld camera once a quarter. That method misses the window that matters: the hours wh