European tech weekly recap: More than 70 tech funding deals worth over €3.9B

In a European tech funding roundup, over 70 deals worth more than €3.9 billion were reported last week. The cloud industry secured the largest share with €2.95 billion, followed by €193.6 million in cleantech and €186.1 million in energy sectors. The UK dominated the funding landscape, with €3.1 billion invested, trailed by Sweden at €305.8 million and Germany at €215.1 million.

In the UK, Nscale secured $3.36 billion in pre-IPO financing for its full-stack AI cloud expansion. Germany saw Reverion raise €154 million and plan to hire 800 people in a new factory. Meanwhile, Sweden's micromobility company Voi secured €150 million in a RCF to redeem outstanding bonds and scale its fleet.

Denmark witnessed Onomondo raise €100 million plus to scale its global IoT infrastructure and Breye Therapeutics raise €67.5 million to advance oral therapies for retinal diseases. AnaCardio raised €62.5 million in Series B funding, while UK-based Metaview raised $60 million in Series C funding.

Material startup Papershell raised €40.3 million in Sweden, while Italy's biotech Aptadir Therapeutics secured a $45 million seed round. Trustly received a $40 million equity commitment from key shareholders in the UK, and Reactive Technologies obtained €19 million in EIB financing to strengthen Europe's power grids.

Restate secured $20 million in Germany, and Everphone received €15 million to finance new devices for corporate customers. IPercept, a Swedish machine fitness tracker, raised $16.5 million. Italy's Complaion raised €13.5 million to simplify compliance for European SMEs.

France's Inbolt raised €11 million to bring real-time vision and intelligence to industrial robots, while Rayon secured €10 million in Series A to expand its AI-powered interior design platform. eEnergy Group plc raised £6.3 million to pay overdue creditors, and Kuro raised €10 million to build the AI foundation for general contractors in Germany.

Foundational raised £8.2 million in pre-seed funding as it emerged from stealth in the UK, and Zenithon secured $10 million to build world models for extreme physics. Promenaut raised $8.9 million in total funding, while Deepslate received €7.7 million for its European voice AI platform.

In Spain, PERPTools raised $8 million in funding, and France's GRANEET raised €7 million to make electronic invoicing the entry point for its construction site ERP system. Marble raised €6.5 million to automate fraud and AML compliance with its no-code, open-source platform in the UK.

Food Founders Studio raised €4 million in Switzerland to build foodtech companies, and Granite raised €4 million to bring its agentic cloud infrastructure to market in Belgium. Preventive healthtech Blue Health Intelligence raised €3.4 million in Belgium to expand across Europe.

One Biosciences received €3.3 million in non-dilutive public funding in France, while NOX Energy raised €3 million to become the SWIFT of energy flexibility for Europe's homes in Portugal. FRANK raised €2.9 million in Portugal to cut paperwork for insurance brokers, and Humanos raised $3.2 million to build risk infrastructure for AI agents.

Voltaback raised €2.8 million in France to scale EV charging reimbursement across Europe, and Cotierra secured $3 million to scale decentralised biochar in tropical agriculture in Germany. Ahron raised €2.2 million in Germany to automate HR processes with AI, and Osavul raised €8.5 million in Ukraine as a hostile threat warning startup.