European tech weekly recap: Over €2B invested across 65+ deals
Tech.eu Tamara Djurickovic ● Covered by 5 sources
Europe’s tech scene just logged 65+ funding deals and over €2B last week. Portugal led the money count, while robotics and AI grabbed the biggest chunks.
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 kept humming last week. Tech.eu tracked more than 65 tech deals worth over €2 billion, plus four or more exits, M&A moves, rumours and related news across the continent. That’s a busy week by any standard, but the split of the money tells the real story: robots, software brains and healthtech kept taking the largest checks.
Robotics led the pack with €508.3 million, followed by artificial intelligence at €406.6 million and healthtech at €305.8 million. At country level, Portugal came first with €510.9 million, ahead of the Netherlands on €435.9 million and the UK on €273.9 million. The totals are broad, but the standout deals explain why the numbers are so high.
Portugal’s TEKEVER raised $580 million in Series D at a $6.4 billion valuation, while the Netherlands saw Bird raise $450 million in debt even as it cut headcount from a 1,000-strong peak to 120. Finland’s Verda pulled in €189 million to push its AI cloud and grow compute capacity, and Germany’s Metycle secured a €131.7 million credit facility to scale its secondary copper and aluminium supply.
There was plenty more below the headline names. Basecamp Research got a $140 million Series C with support from Anthropic and Nvidia; Noxtua raised more than €100 million as C.H.BECK took a majority stake; and a long tail of smaller rounds stretched across legaltech, AI, health, energy, defence, recruitment and industrial software. The exits list was shorter, but still active: feld.energy is buying AckerKapital, EYSA is acquiring Joinup, Mistral AI picked up Pimento, and Luno acquired GXTN.
If the week says anything, it’s that European funding is not broadening evenly. It’s concentrating around the areas where capital can still justify itself: AI, infrastructure, robotics and health. The rest of the market can keep pretending every startup is “horizontal” if that makes the cap table feel better.
My take — AI-written commentary, not fact-checked reporting
This is what a real European tech week looks like: a few giant checks, a lot of smaller ones, and enough M&A to remind everyone that exits are not a myth. The obsession with AI is obvious, but the bigger signal is infrastructure, compute and hard industrial stuff getting paid. Flashy app demos can wait in line.
Read more about this at: Tech.eu