Legora’s valuation leaps to $8.8B, Europe's tech funding rebounds, and solving the problem of brain fog
This week, we tracked more than 65 tech funding deals worth over €1.5 billion and 4 exits, M&A transactions, rumours, and related news stories across Europe.We also released our Q3 report offering...
Legora's valuation surged to $8.8 billion after raising $550 million in funding. Pigment led a £250 million funding round, while iwoca secured a €185 million credit line. Blackwall reached a $2.2 billion valuation with a $100 million Series C round, just weeks after joining Estonia's unicorn club. Omnidocs acquired WoodWing, becoming a major player in document management.
Workflex acquired rhome, and Standard Chartered announced a deal to acquire Zodia Custody. Nvidia invested in four German startups as part of a 10 billion euro European investment pledge. German VCs are calling for a €15 billion annual funding boost to foster the next generation of tech giants. EIT launched a €40 million funding call to help bring university deep tech research to market.
The FSE Group introduced a £70 million London growth fund to support underserved scaleups. Seaya raised €600 million for a new growth fund to back Europe's next global tech leaders. Meanwhile, Europe's tech funding rebounded to €27.8 billion, driven by billion-euro mega-rounds. A former Google DeepMind researcher launched a London-based "compute-efficient" AI company.
Hydrogen startups PowerUP and H2Boat aim to tackle yachting's diesel problem with hydrogen technology. Novus secured a $8 million funding round to bring its electric lightbike from Germany to California. TechWolf's co-founder highlighted Ghent's flywheel as "super important." Brain fog, missed diagnoses, and lost careers due to the menopause gap are issues Cerebella aims to address.
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