Good news from around Europe
Swedish AI legaltech founder: Most big law firms “not like to leverage Chinese models yet” The CEO of a Swedish AI legaltech startup backed by General Catalyst said that its platform was not using Chinese large language models (LLMs) due to concerns from the clients of its legal partners. Speaking
Blocktype raises £315K to aid UK’s housing crisis with advanced planning tools UK residential planning platform Blocktype has secured £315,000. Fuel Ventures led the funding, which will be used to accelerate growth, expand partnerships, and support local authorities and developers in tackling one of the UK’s most urgent challenges: building
Sword Health raises $40M at $4B valuation to expand AI-first care Into mental health Sword Health has raised a $40 million funding round at a $4 billion valuation, led by General Catalyst, bringing its funding to over $300 million. The Portuguese-founded company also unveiled Mind, a mental health solution that
Helsing raises €600M, more than doubling valuation to €12BN Helsing, the German defence tech startup, has raised €600 million, more than doubling its valuation to €12bn, in a Series D funding round led by Spotify’s Daniel Ek. Helsing’s increased valuation, first reported by the Financial Times, comes amid heightened interest
UK fintech Paddle pays $5M fine following allegation it abused US credit card system Paddle, the London-based fintech that provides payment services for software firms, has been hit with a $5m fine and been banned from processing payments for tech-support telemarketers by US regulators, following an allegation that it abused
Portuguese startup Sword Health raises €34.6 million to address global mental health crisis Porto-based Sword Health, a HealthTech AI Care company, today announced a €34.6 million funding round at a €3.4 billion valuation to accelerate their M&A momentum, global expansion, and the development of foundational AI models. The round was
Dutch MaaS startup umob raises €3.5 million for unified mobility booking platform – all in one app Rotterdam-based booking platform umob, which combines local and international mobility providers in one single app, announced today they raised €3.5 million in a new funding round to accelerate the growth of sustainable mobility
German VC platform Realyze Ventures announces successful first closing with assets of around €50 million Cologne-based Realyze Ventures, a VC platform driving sustainable transformation in the real estate, construction, and skilled trades sectors, has successfully completed the first closing of its fund – AUM totalling approximately €50 million. This includes
From rooftop chats to real investments: How the EU-Startups Summit turned conversations into real opportunities Across its 2024 and 2025 editions, the EU-Startups Summit has continued to evolve into a fertile meeting ground for European innovation, where spontaneous conversations can often translate into investment cheques, new hires, and strategic collaborations.
French FoodTech startup Fungu’it raises €4 million to reinvent natural flavorings through fungi fermentation Dijon-based Fungu’it , a FoodTech startup specialising in the production of natural flavorings through solid-state fungi fermentation, announced a €4 million funding round to build an industrial pilot plant and accelerate the commercialisation of its first flavorings.