The European tech investment scene is buzzing, with deals exceeding €3.4 billion this week.

Notable Funding Rounds

Nscale secured $1.4 billion to power renewable energy-based AI clusters. This investment, structured as a delayed draw term loan backed by GPUs, highlights the growing importance of sustainable AI.

Eutelsat raised €975 million for the expansion of its LEO (Low Earth Orbit) constellation, a strong signal of interest in next-generation satellite communications.

Olix, a startup founded by a 25-year-old, closed a $220 million round to develop photonic chips dedicated to AI inference, positioning itself as a competitor to Nvidia.

Acquisitions and Mergers

In the acquisition landscape, Reward was acquired for $230 million, while Admiral Group acquired insurtech Flock for £80 million. Uber acquired Getir's Turkish delivery business, and Dcycle bought ESG-X to expand its sustainability data management offering in Europe.

Other News

Elaia's Digital Venture Fund V reached €120 million at its first closing. Antler launched a new residency program in the Nordic countries, accompanied by a fund of over $100 million to accelerate startup investments. Bending Spoons is offering €1.5 million in tech scholarships with its new fellowship program.

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