The past week stood out for a remarkable volume of funding in the European technology landscape, with over 70 deals exceeding €1.4 billion. Five transactions were also recorded, including exits, mergers, and acquisitions.

Notable Funding Rounds

  • ElevenLabs: The company raised $500 million, announcing its intention to prepare for an initial public offering (IPO).
  • Polestar: Secured $400 million from banks to support its expansion in the electric vehicle sector.
  • newcleo: Closed an $85 million funding round.

Acquisitions and Mergers

  • Soundtrack (backed by Spotify): Acquired Tunify and Ambie to strengthen its position locally and globally.
  • UK2 Group: Acquired by Your.Online.
  • TNS: Completed the acquisition of BT Radianz.

Investor Moves

  • Constructor Capital: Closed its first fund, Fund I, at $110 million, focused on founders with a scientific approach.
  • Mundi Ventures: Closed Kembara, its largest fund dedicated to advanced technologies and climate, with €750 million.
  • SlateVC: Raised €132 million for its inaugural growth fund.
  • AshGrove: Inaugurated a hub in Copenhagen for investments in Nordic software with annual recurring revenues (ARR) between €5 and €30 million.

Other News

  • Cloover's billion-dollar round was the leading funding in a month characterized by a strong focus on the fintech sector, led by Germany.
  • Menotracker aims to solve the problem of tracking menopause symptoms without selling user data.
  • The UK tech ecosystem shows strong momentum.
  • Kinnevik has reduced the valuation of its stake in the Swedish startup Stegra, active in the green sector.