European tech weekly recap: Over €1.7B invested across 70+ deals
Tech.eu Tamara Djurickovic
Europe’s tech week: 70+ deals brought in over €1.7B. AI still soaked up the most cash, while the UK led the pack.
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 machine stayed busy last week. Tech.eu tracked more than 70 deals worth over €1.7 billion, plus more than 10 exits, M&A moves, rumours and related news items. That’s a full week by any measure, even before you get to the scale of the larger rounds.
The biggest money went to artificial intelligence, which pulled in €3 billion across the deals tracked. Space came next at €387.5 million, then healthtech at €115.1 million. On the country side, the UK was first with €541.8 million, followed by Italy with €256.7 million and Spain with €232.4 million. Europe kept spreading the cash around, but the biggest checks still clustered in a few familiar places.
Open Cosmos topped the list with €300 million to expand satellite intelligence and connectivity. Exein raised $270 million at a $1.7 billion valuation and called itself Europe’s most valuable cybersecurity scaleup. Fever brought in $250 million, while EUClyd landed over €200 million in Series A funding and added former ASML chief Peter Wennink as chairman. EnduroSat also crossed a line, raising €178 million and entering unicorn territory.
The rest of the week was packed with smaller but still serious rounds: Tandem Health on $100 million, Ryft on €23 million, Integral on €18 million, Veridion on $20 million, and a long tail of startups across robotics, compliance, climate, legaltech, and AI infrastructure. And the deal flow didn’t stop at fundraising. Germany, France, Switzerland, Portugal and Belgium all showed up in the M&A section, with the Vienna Stock Exchange buying North Data and Motorola Solutions picking up DeepNeuronic in Portugal. Europe’s startup market is still a mix of big bets and constant churn, which is exactly what makes the recap worth reading.
My take — AI-written commentary, not fact-checked reporting
Europe keeps acting like it has one startup market when it really has a dozen stitched together with grant money and optimism. The AI boom is real, but so is the habit of crowning every chunky round as proof of a grand revival. This week looked less like a victory lap and more like the continent finally getting better at writing larger cheques for the same old gravity wells.
Read more about this at: Tech.eu