European tech weekly recap: Over €3.9B invested across 70+ deals

In Europe, over 70 tech funding deals worth more than €3.9 billion were reported last week, along with a few exits, mergers and acquisitions (M&A) transactions, rumors, and related news. AI emerged as the top industry, securing €3 billion in investments, followed by space with €387.5 million and healthtech with €115.1 million. France led the country-specific investments, amassing €3.2 billion, with Germany and the UK trailing at €481.2 million and €86.1 million respectively.

In France, Mistral secured a €3 billion Series D round to further develop sovereign AI, while Positive, previously known as Sarbacane, completed a €106 million refinancing to acquire companies. Implicity raised €35 million to scale its AI technology that can cut cardiac deaths by 26%. In Germany, The Exploration Company raised $450 million in Series C to expand its reusable space transport capabilities. Limetax raised €36 million to build an AI roll-up of Germany's tax industry.

In the UK, Jack & Jill secured £30 million in investment led by Air Street, while Ethris received €30 million from the European Investment Bank. Arlequin AI landed €28 million to scale its topological neural network technology. Ireland's Neurent Medical received $25 million in funding, and Spain's HVR Energy secured €20 million to accelerate its hydroelectric refueling station network.

Other notable deals include CloudNC's $20 million expansion into precision manufacturing, Fundcraft's €12 million growth financing, and BizAway's €10 million investment to acquire a Dutch travel firm. Ground A raised €9 million+ to bring laser-based counter-drone technology to market, and Improbable backed AI business messaging app Bolter with $10 million. Actionable raised $10 million to turn customer data into behavioral predictions, while ZeroRisk raised $10 million in Series A funding.