European tech weekly recap: €818M in deals and September's highlights
Tech.eu Tamara Djurickovic
Europe’s tech scene logged 70+ deals worth €818M last week. September also snapped back hard: €15.8B raised, led by the UK and cloud.
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 funding tape stayed busy last week. Tech.eu tracked more than 70 tech deals worth over €818 million, along with more than 10 exits, M&A transactions, rumours and other related news across the continent. That’s a decent-sized week by any measure, even before you get to the monthly numbers underneath it.
The bigger story is September. European tech startups pulled in €15.8 billion across 300 funding deals, according to Tech.eu’s latest monthly report. That was a sharp rebound from August, with funding value up by almost 394 per cent and deal volume up by 82 per cent. The UK led the month with €7.3 billion, and cloud was the top sector at €5.5 billion.
Exit activity didn’t swing wildly either. Tech.eu recorded 39 exit transactions in September, which suggests a market that is still moving, but not in a frenzy. The week’s deal flow backed that up: Universal Quantum’s $100 million Series A, Spiko’s $90 million Series B, Yazen’s €50 million round, and Sensible Biotechnologies’ $47 million raise were among the larger headlines.
The list runs long from there, across biotech, cybersecurity, batteries, legal tech, insurance, and AI-heavy infrastructure plays. France showed up repeatedly. So did the UK. Switzerland, Germany, Sweden, and the Netherlands all had their share too. And on the exit side, the biggest attention-grabber was SAP buying TechWolf in a record Belgian VC-backed deal, with Personio’s purchase of Circula and Collibra’s acquisition of Munich-based Trail also standing out. For anyone trying to keep track of where the money is going, Tech.eu is still pointing people to its Funding Explorer for the deeper cut.
My take — AI-written commentary, not fact-checked reporting
The market is loud again, but the money still clusters in the usual places: the UK, cloud, and a handful of hot AI-adjacent bets. Europe loves to talk about spreading innovation evenly; the cap tables keep telling a more familiar story. At least the exits are real instead of ceremonial, which is more than can be said for a lot of tech optimism these days.
Read more about this at: Tech.eu