European tech weekly recap: €1.5B in funding and Q3 2026 highlights
Tech.eu Tamara Djurickovic ● Covered by 9 sources
Europe’s tech scene logged more than €1.5B in deals last week. The UK led Q3 funding again, and AI pulled in nearly a quarter of the money.
Based on reporting by Tech.eu, Tamara Djurickovic — read the original for the full story.
Summary, retelling and take written by AI under human oversight; images are AI-generated illustrations. How we work · Report an error
Last week’s European tech tally was busy enough to keep the spreadsheets warm: more than 65 funding deals worth over €1.5 billion, plus more than four exits, M&A moves, rumours and other news. That is the kind of week that makes the quarter look even bigger in hindsight.
The bigger story sits in Tech.eu’s Q3 2026 report. European tech companies raised €27.8 billion across 732 deals in the third quarter, up 32.4 per cent from €21 billion in Q3 2025 and more than two and a half times the €11 billion raised in the same period in 2024. The UK was the main engine, with €12 billion, or about 43 per cent of the total. AI companies pulled in €6.7 billion, roughly 24 per cent.
The headline rounds were spread across the map, but a few stood out immediately. Sweden’s Legora hit an $8.8 billion valuation as it raised $550 million. France’s Pigment got a £250 million round led by Scaleup Europe Fund. In the UK, iwoca secured a €185 million credit line, while Switzerland’s Nouscom raised €120 million to push cancer immunotherapies forward.
There was also plenty of money chasing younger bets and sharper niches. Blackwall in Estonia reached a $2.2 billion valuation with a $100 million Series C, Croatia’s Daytona said it hit a $1 billion valuation with a $60 million Series B, and a string of smaller rounds backed AI, quantum, cybersecurity, energy, robotics and travel software across Europe. The exits and acquisitions were quieter by comparison, but they still matter: Standard Chartered is set to acquire Zodia Custody, while Omnidocs is buying WoodWing and says it will become one of Europe’s largest document management players.
My take — AI-written commentary, not fact-checked reporting
Europe keeps proving that the funding story is not one story. The money is still flowing, but it’s flowing into a familiar mix of AI, infrastructure and unglamorous enterprise software, which is probably healthier than chasing whatever passes for flavour of the month. The continent’s favourite hobby remains raising serious capital and then acting surprised when the paperwork matters.
Read more about this at: Tech.eu