Open Cosmos secures €300M, Europe at "acute risk of marginalisation, and Sweden’s evolving foodtech ecosystem
This week, we tracked more than 70 tech funding deals worth over €1.7 billion and over 10 exits, M&A transactions, rumours, and related news stories across Europe.If email is more your thing, you ...
Open Cosmos has secured €300 million to bolster its satellite intelligence and connectivity services in Europe. Meanwhile, Europe faces a risk of marginalization unless significant investments in AI technologies are made, according to a new report. Sweden's fintech firm Trustly is set to cut around 200 jobs, while research from LF Energy suggests that open-source solutions could deliver 2-5 times more value for energy grids.
Monzo, a UK-based bank, has launched a metal credit card that automatically invests cashback. Finland's top-funded tech companies in the first half of 2026 are highlighted, with Kuva Space leading the way in illicit crop monitoring using hyperspectral satellites and AI. Sweden's foodtech ecosystem is also evolving rapidly, as seen through the rise of companies like Oatly and several other innovative players.
Meanwhile, Open AI aims to close the gap in European AI development by focusing on sovereignty and infrastructure. European tech startups to watch include OriginalVoices, Nearby Computing, Arcustin Games, Custodea, and Fastweb+Vodafone-backed Italian insurtech Mama Insurance.
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