ID Finance lands €545M, UK launches refugee-focused VC fund, and the race to save EU Inc
This week, we tracked more than 65 tech funding deals worth over €1.8 billion and over 5 exits, M&A transactions, rumours, and related news stories across Europe.Europe has spent years talking abo...
ID Finance secured £545 million in debt and equity funding this week, marking a significant financing round for the company. Meanwhile, the United Kingdom has launched a new venture capital fund dedicated to supporting refugees, with an initial investment of £300,000. In other notable funding news, CMR Surgical announced a £300 million investment deal, while EZO raised €150 million in debt financing. Salience Labs secured $125 million to scale photonic chips for AI data centres.
On the acquisitions and mergers front, Accenture acquired UK customer intelligence firm Sagacity to bolster its AI and data capabilities. French payment processing firm 3Pay acquired MoneyTrack and is looking to expand its operations. Austrian transaction banking company Omikron merged with Vienna-based COPS.
Investors have also been active, with the UK government's sovereign VC fund investing £180 million across AI and deeptech funds. Italian investment firm Panakes Partners launched an €8.5 million investment vehicle targeting Lombardy's MedTech and BioTech sectors. Skeleton Technologies surpassed a $1 billion valuation with Siemens backing for its US expansion. AI minister called on AI frontier labs to prioritize safety as the UK strengthens its cyber defenses.
Skeleton Technologies valuation hits $1B with Siemens backing for US expansion. AI Minister urges AI frontier labs to boost safety, UK enhances cyber defenses. EU Inc: Will Europe squander its biggest chance to nurture startups?
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