{
  "id": 13140917,
  "title": "Universal Quantum raises $100M, SAP buys TechWolf, and European startups raise five times more funding in September than August",
  "url": "https://urgent.news/2026/10/09/universal-quantum-raises-100m-sap-buys-techwolf-and-european-startups",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-09T14:39:24.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/10/09/universal-quantum-raises-100m-sap-buys-techwolf-and-european-startups-raise-five-times-more-funding-in-september-than-august/"
  },
  "original_language": "en",
  "account": "European tech startups raised an impressive €15.8 billion in September, more than five times the amount raised in August, according to a recent report. Notable funding rounds included Universal Quantum, a spinout from the University of Sussex, securing a record $100 million Series A. Reverion, another European startup, raised €154 million and plans to hire 800 people in a new factory. Yazen raised €50 million in funding.\n\nIn acquisitions and mergers, SAP acquired Belgian tech company TechWolf in a record Belgian VC-backed deal. Personio, a German company, acquired Circula to integrate payroll, expenses, and benefits under one roof. Sovos acquired French startup Flowie, aiming to have independent financial management agents.\n\nInvestors showed strong interest in the region, with Endeavor Catalyst doubling down on Europe by launching Fund V. Graduate Ventures also made headlines by launching a €125 million second seed fund to back Dutch tech startups. Nevermind VC closed its first round with €23.6 million to support dual-use deeptech startups.\n\nEuropean startups continued to collaborate across borders, with companies like ARX Robotics and Roboneers working together on unmanned ground vehicle (UGV) projects for Ukraine's battlefield. The Fourth Law and Odd Systems launched Project Foundation to quadruple European thermal sensor production. Meanwhile, UK startups linked London deep tech with manufacturing in the West Midlands through a new Scaleup Pathway. Delivery Hero alumni collectively built 150 startups worth €7.5 billion, making it Europe's biggest founder factory.\n\nThe report also highlighted some interesting moves from investors, including Golbriak Space raising €4 million for laser communications for satellite constellations, and Finches receiving €2 million to help food producers spot supply risks earlier. Today raised €2.8 million to scale its AI platform for financial advisors, while SimpL raised €1.2 million to power B2B sales with AI. Innercrowd raised €750,000 to turn festival fans into marketers.",
  "summary": "This week, we tracked more than 70 tech funding deals worth over €818 million and over 10 exits, M&A transactions, rumours, and related news stories across Europe.It’s been another busy week for E...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}