The past week was marked by a significant volume of investment in the European technology landscape, with funding exceeding €2.7 billion distributed across more than 70 deals.

Notable Funding Rounds

Among the most significant deals, Cloover, a German company, secured over $1.2 billion to develop an AI-based operating system for energy independence. French accounting software platform Pennylane raised $200 million, while Preply, a Ukrainian startup active in edtech for language learning, reached a valuation of $1.2 billion with a $150 million Series D round.

Mergers and Acquisitions

On the mergers and acquisitions front, Tourmanagement BV acquired Beatswitch in the live music software sector. AB Tasty merged with its Indian rival VWO, and the American company ClickHouse acquired the Berlin-based startup Langfuse.

Investor Moves

Vanagon Ventures closed its first €20 million fund to support deeptech startups. PROTOTYPE Capital launched its third fund, while Ananda Impact Ventures secured €73 million for its fifth Core Impact Fund. Vi Partners celebrated 25 years with the first close of a new €161 million venture capital fund. Metavallon VC launched a €5 million fund to attract tech talent to Greece.

Other News

The European Commission launched EU Inc., the long-awaited '28th regime' for startups. The British government announced the reimbursement of fees for visas for technology "trailblazers," stating that Britain is a "safe haven" for startups. The Estonian Startup Awards celebrated an important evening for the Estonian startup ecosystem.

Recommended Reads

Don't miss the profile of the Danish fintech boss who often says "no," an article on building a European digital stack, and the growth story of Soldera, which is building the Stripe for renewable energy.

European Tech Startups to Watch

Among the European startups to follow, the German medtech Cancilico stands out, having closed a €2.5 million round to advance AI in oncology, and Anzen Industries, which raised $2.2 million for innovation in chemical production.