Good news from around Europe
Mistral bags €1.7BN funding round as ASML takes significant stake Mistral, the French AI company, has bagged a €1.7bn funding round, more than doubling its valuation to around €11.7bn, in a funding round which sees the Dutch chip equipment firm ASML take a major stake in Mistral as part of
Barcelona-based Remuner raises €5.5 million to turn sales incentives into a growth lever Remuner, a Spanish AI-powered platform for modern sales compensation, has closed a €5.5 million Seed round to expand internationally, invest further in product development – especially in AI-powered capabilities – and strengthen its position as the reference
Copenhagen’s Teto.ai raises €17 million in bid to make healthcare affordable and accessible to all Teton.ai, a Danish predictive intelligence company for modern healthcare, today announced a €17 million Series A fundraise to make healthcare accessible to every part of the care ecosystem. The round was led by Plural, which
French startup Scintil Photonics raises €50 million to scale integrated photonics for AI factories Grenoble-based Scintil Photonics, an innovator in Heterogeneous Integrated Photonics for AI infrastructure, today announced the completion of a €50 million Series B funding round to expand hiring, accelerate production, and deepen its international presence. The round
British startup Fyxer AI bags €25.5 million to free professionals from repetitive admin work London’s Fyxer AI, the creator of the AI-powered executive assistant designed for everyday professionals, today announced a €25.5 million Series B funding round to deliver AI tools that professionals can easily adopt, freeing them from routine
Berlin’s Vireo Ventures closes €50 million Fund to empower European Founders orchestrating an all-electrified world In an era defined by resource scarcity and fragile supply chains, Vireo Ventures, a German early-stage VC firm, is betting on an electric world with the final closing of its Electrification Fund I at €50
Former Google Maps and Siri executives invest in European AI fund for businesses Former Silicon Valley executives have backed a new venture fund, Florent Venture Partners, which plans to raise up to €50 million to invest in AI startups in Northern Europe, Bloomberg reports. The fund will make investments of
UK–Ukrainian defense tech Offset Labs raises €600k in pre-seed funding to advance AI defense technologies Offset Labs, a UK–Ukrainian startup specializing in AI solutions for defense and national security applications, has raised €600,000 in pre-Seed funding to advance NATO-allied defense technologies. The round was led by Archangel, with participation from
Estonian startup Agate Sensors raises €5.6M to commercialize chip-sized spectroscopy technology Agate Sensors, an Estonian startup developing smart sensors for material analysis, has raised €5.6 million to commercialize a technology that reduces spectroscopy from large lab equipment to a chip-sized device smaller than a grain of sand, capable of fitting
Italian Renewcast secures €1M investment from 2C Ventures to expand renewable energy forecasting platform Renewcast, an Italian AI-powered renewable energy forecasting company, has secured a €1 million SAFE (Simple Agreement for Future Equity) investment from Estonian 2C Ventures Fund I, marking a strategic extension of its 2024 SAFE round. This