European tech weekly recap: Over €2B invested across 65+ deals

In the past week, European tech investors collectively poured over €2 billion into more than 65 deals, accompanied by 4 exits and related news stories. The sectors attracting the most capital were robotics, artificial intelligence, and healthtech, with funding amounts of €508.3 million, €406.6 million, and €305.8 million respectively.

Portugal led the country rankings in investment, securing €510.9 million, followed by the Netherlands with €435.9 million, and the UK at €273.9 million. To delve deeper into these funding trends, readers are encouraged to explore the free Tech.eu Funding Explorer.

Here's a summary of key deals:

Portugal saw TEKEVER receive $580 million in Series D funding, bringing its valuation to $6.4 billion. Meanwhile, in the Netherlands, Bird raised $450 million in debt, reducing its workforce from a peak of 1,000 employees to just 120.

Finland's Verda raised €189 million to enhance its AI cloud services and increase compute capacity. Germany's Metycle secured a €131.7 million credit facility to expand its secondary copper and aluminium supply chain. Anthropic and Nvidia backed Basecamp Research with $140 million in Series C funding in the UK.

Germany's Noxtua raised over €100 million as C.H.BECK increased its stake in the legaltech firm. France's HighLife secured nearly €80 million, while Spain's Anaconda Biomed raised $56 million. Morphotonics closed a €40 million Series B round in the Netherlands to address AI device manufacturing challenges.

Other notable investments include Biolevate's €30 million Series A funding in France for scaling life sciences AI, and CellPoint's $34 million in UK funding. Speech technology startup Unit1 Studio received £20 million to expand its avatar concert technology.

In Turkey, game studio Circle Games received a $25 million investment led by Tencent. Belgium's Spott secured $21 million in Series A funding for its AI recruitment platform. Ireland's W4 Games raised €18 million in Series B funding, and France's WEALTHCOME secured €15 million to challenge Harvest.

In France, KHEOPS raised €12 million to transition from workflow to assortment intelligence, while UK's Outerlimit raised $16 million in pre-seed funding. StandardX launched with £10 million to expand isotope production for medicine and fusion in the UK.

Italy's Tundr raised €11.6 million in Series A funding to grow its corporate welfare benefits platform, and Sweden's NATO Innovation Fund co-led a €11 million investment in a defence tech company. UK's Givestar raised £9 million to power modern fundraising, and Belgium's Novadip Biosciences raised €10.4 million for a pivotal clinical trial.

Additional funding rounds include AI startup mika's €6 million in Germany, Iceland's 50skills raising $6 million, SPAIN's Mirai RiskTech's €5 million, NORWAY's Benford's €5 million, and UK's Fitness mirror MAGIC AI's £8 million Series B round.