This week, we’ve closely monitored an impressive surge of over 90 tech funding deals totaling in excess of €1.3 billion. Additionally, we recorded more than 5 exits, M&A transactions, rumors, and various news stories relevant to the tech landscape across Europe.
Beyond this week’s standout financial transactions, we have also compiled a comprehensive index of the most significant and industry-related news items that you absolutely need to be informed about.

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💸 Notable and Major Funding Rounds

🇮🇹 The European Investment Bank has lent a substantial sum of €220M to Nexi, indicating strong support for the financial technology sector.

🇩🇪 The wellness platform EGYM has successfully secured $200M in growth capital, enhancing its ability to innovate and expand in the competitive health technology industry.

🇸🇪 In a significant rebranding initiative, H2 Green Steel has transformed its name to Stegra and has received nearly €100M in funding to develop a near-zero emission steel production facility, reflecting a commitment to sustainability in manufacturing.

🫱🏽‍🫲🏻 Noteworthy Acquisitions and Mergers

🇩🇪 The Italian breakdown assistance scaleup hlpy is further strengthening its market position by acquiring its Cologne-based rival, MySchleppApp.

🇩🇰 The fintech startup November First has been acquired by Visma, a strategic move aimed at enhancing payment solutions tailored specifically for Small and Medium Enterprises (SMEs).

🇳🇱 The Sharing Group from Amsterdam is increasing its influence by acquiring a majority stake in Drop Mobility, aligning with the trends in shared mobility solutions.

🇬🇧 Notable news comes from Abu Dhabi, where Mubadala has taken a significant stake in Revolut, valuing the fintech powerhouse at a staggering $45B.

🚀 Interesting Moves from Investors

💰 Spanish investment firm Acurio Ventures is set to invest €150M into early-stage startups, signaling strong confidence in the European tech ecosystem.

🤑 Miura Partners has successfully raised over €800M in 2024, showcasing their impressive fundraising capabilities amidst a challenging economic environment.

♀️ Playfair Capital, alongside leading VC funds, is actively supporting female founders across Europe by providing access to remote office hours dedicated to mentoring and resource sharing.

💸 SeedBlink has just launched the Raise Hub initiative aimed at simplifying equity management for startups, easing the often complicated processes involved.

🗞️ In Other (Important) News

💸 Revolut has achieved a remarkable 10 million user milestone following a significant £34 billion valuation, underscoring its rapid growth.

🦄 The Norrsken Foundation has unveiled its annual Impact/100 report, highlighting companies making significant social and environmental impacts, including several newly minted ‘impact unicorns.’

🍓 Raspberry Pi has seen its revenue surge in its initial results as a publicly listed company, indicating strong market reception and demand.

🤖 In a significant move, Nebius has opened a new GPU cluster in Paris, representing part of a broader $1B European AI investment initiative set to be completed by mid-2025.

📡 Recommended Reads and Listens

🇭🇺 Delve into Hungary’s tech surge: a compelling exploration of how global investments intersect with local expertise.

✈️ Startup Arcube has taken flight, poised to unlock billions in airline ancillary revenue, showcasing innovation in the travel sector.

🏈 The marketing chief from Klarna shares insights, stating, “I don’t think we are going to see AI-produced Super Bowl ads just yet,” prompting a discussion on the future of AI in advertising.

🇩🇰 The Danish startup Self.io is unveiling intelligent massage robots designed to provide personalized wellness on demand, merging technology with health.

📼 PLOY, a new video platform, is making strides in bridging gaps for Gen Z in workplace recruitment.

😎 Explore 6 startups that are fueling the future of influencer content creation, driving new trends in digital marketing.

🔭 European Tech Startups to Watch 🇱🇻 🇩🇪

🇷🇴 Romanian edtech Youni has successfully raised €900,000 for an AI-driven platform focused on streamlining university admissions, demonstrating the potential of technology in education.

🇬🇧 Invizius has attracted £950,000 in funding for its innovative dialysis treatment, emphasizing advances in medical technology.

⛑️ The British Design Fund is making a £150,000 investment in Corryn Biotechnologies, aimed at improving wound care solutions, reflecting a strong focus on health tech.

🇮🇹 The outdoor adventure booking platform, Mapo Tapo, has successfully secured €1.15M in funding, highlighting the growth potential in the travel sector.

🇨🇭 ValTech Lifesciences has scored £130,000 for its innovative prosthetic heart valves, underscoring the advancements in healthcare technology.

🇧🇪 AxonJay has successfully raised €1.5M for a cutting-edge deeptech AI assistant, showcasing the increasing investment in AI technologies.