European tech weekly recap: €1.5B in funding and Q3 2026 highlights

Last week, European tech companies raised over €1.5 billion in funding across 732 deals, marking a 32.4% increase from the previous quarter. The UK led the funding, accounting for 43% of the total at €12 billion, followed by AI companies with €6.7 billion, representing 24%. Sweden saw Legora's valuation soar to $8.8B as it raised $550M, while Croatia's Daytona hit a $1B valuation with $60M in Series B funding for its AI agent cloud.

In France, Scaleup Europe Fund led a £250M funding round in Pigment. Swiss robotics startup Enact raised $30M in pre-seed round with backing from its boss and Yann LeCun. UK-based Hyperlayer secured £19.5M for programmable banking, while Arctic Therapeutics raised $21.5M in funding. Quantum spinout QuantrolOx from Finland raised €12M, and Ionexos from Switzerland raised €5.4M to reduce noise with plasmacoustic technology.