European tech companies raised over €2.7B across 55+ funding deals in one week

Last week Tech.eu tracked more than 55 tech funding deals worth over €2.7 billion across Europe, plus more than five exits, M&A transactions, rumours and related news tech.euTech.eutech.euOpen source ↗. By industry, content raised the most (€1.2 billion), followed by energy (€857.5 million) and fintech (€291.7 million). By country, Türkiye took first place (€1.2 billion), followed by the Netherlands (€900 million) and the UK (€242.4 million).

Largest rounds

Fal from Türkiye doubled its valuation to $16 billion after a $1.3 billion Series F. The Dutch company Return secured €835 million in financing to expand battery storage capacity in Germany. Spain's EOS-X Space raised $120 million at a $1.2 billion valuation ahead of its first commercial balloon flight. In the UK, Hoxton Wealth received a $135 million minority investment from Aspirity Partners.

Energy, hardware and science rounds

Germany's Vaeridion, an aerospace startup, raised €30 million for zero-emission regional flights. The UK's FluoRok raised €26.64 million to scale fluorochemical production. Another UK company, bit.bio, which programs human cells, closed a $25 million Series D.

In storage and power electronics, Sweden's Green Voltis raised €13.5 million to operate and trade battery storage, and Finland's Vensum Power raised €9 million to cut power losses in data centres, EV charging and energy storage tech.euTech.eutech.euOpen source ↗. Germany's Quint Computing raised €9.1 million to scale quantum computing technology. Austria's Tumbleweed closed a record €6.9 million seed round to bring microgravity research to a wider range of users. France's Seamoretech secured €1.1 million to turn desalination brine into freshwater.

Among acquisitions, Upwork is acquiring the Berlin-based HR startup WorkMotion, and the Conrad Electronic Group is acquiring the Berlin-based procurement startup Hivebuy. Sweden's Nordtech Group acquired the SaaS company Leasify.