European tech weekly recap: €1B in deals and July's highlights
Tech.eu Tamara Djurickovic ● Covered by 3 sources
Europe’s tech scene logged more than €1B in deals last week, plus 5 exits and M&A stories. July was busy too: €8.6B raised, with Germany and AI leading.
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
Europe’s tech funding machine kept moving last week. Tech.eu tracked more than 35 deals worth over €1 billion, alongside five exits, M&A transactions, rumours and other related news across the region. That’s a lot of motion for one week, even before you get to the monthly numbers.
July was stronger on money than on sheer volume. European startups raised €8.6 billion across 267 funding deals, with investment ticking up slightly even as deal activity fell. Germany was the biggest market in the report, pulling in €3.5 billion, and artificial intelligence was the best-funded sector at €1.8 billion.
The exits side of the market also looked busier. Tech.eu recorded 51 exit transactions in July, suggesting that investors and founders are still finding ways to get deals done even when the pace of new rounds softens a bit.
The week’s deal list was led by a few very large raises. UK chip startup Olix raised $312 million at a $3.3 billion valuation, Volta raised $300 million at a $2.4 billion valuation with backing from Nvidia and Dell, and Spain’s HappyRobot landed $150 million in Series C funding. Germany’s NavVis raised $85 million, Cyprus-based Omilia raised $67 million, and 10x Banking added £40 million through debt and equity.
There was a familiar pattern behind the rest of the list: AI everywhere, plus plenty of industrial and infrastructure bets. Moss hit unicorn status after a €30 million Series C, Aiforia secured €20 million in EIB financing, Neuraspace raised €15.6 million, and several smaller rounds backed robotics, energy storage, legal tech, drones, food safety testing and more. On the exit side, Bending Spoons made its first post-IPO deal with a $1.3 billion Airtable acquisition, while Mastercard bought BVNK and AutoRek acquired Grath.
My take — AI-written commentary, not fact-checked reporting
This is what a mature European market looks like: one giant month, a huge week, and still enough AI money to make your eyes glaze over. The real story isn’t just the size of the rounds; it’s how normal giant raises and chunky exits have started to feel. That’s either healthy or slightly alarming, depending on how much you enjoy paying attention to valuations.
Read more about this at: Tech.eu