Good news from around Europe
ElevenLabs raises $500M, says building towards IPO Hyped AI-audio generator ElevenLabs has raised $500m in a Series D funding round, valuing it at $11bn, with its CEO saying it is building towards an IPO. The $11bn valuation marks more than a tripling of its valuation from its January 2025 Series
PayPal-backed Modulr banks first full-year profit PayPal-backed UK fintech Modulr has reported its first full-year net profit, it says, ahead of announcements regarding its US expansion. Myles Stephenson, CEO and co-founder, heralded the achievement as an “important milestone”. He said: “It gives us control over our destiny: the ability to invest in products for our
BCAS secured €30M to strengthen its position in flexible student financing Spanish startup BCAS, focused on flexible education financing, has closed a €30 million debt round led by MyInvestor. The funding will be used to expand operational capacity, introduce instalment-based financing at affordable interest rates, and increase access to education
From blood tests to orbital labs: Europe’s next generation of cancer tech Today, February 4, is World Cancer Day. Cancer kills around 10 million people each year — more than HIV/AIDS, malaria, and tuberculosis combined. Fortunately, European startups are accelerating innovation across the cancer care pipeline, from early detection to
Leuven-based AI running analysis platform Runeasi raises €1M for global growth Runeasi, a KU Leuven spin-off focused on running and movement analysis, has raised €1 million in a new investment round. The round was led by Smarter Ventures, with participation from existing investors Freshmen Fund, Gemma Frisius Fund, the company’s
How startups differentiate when everything sounds like AI In 2025, AI startups raised nearly half of all global venture capital, a record-breaking $150 billion in funding. OpenAI alone pulled in $40 billion, Anthropic secured $13 billion, and xAI raised $10 billion. Most startups created last year were building something with
QT Sense raises €4 million to develop quantum platform for cancer, sepsis and arthritis research Groningen-based BioTech startup QT Sense has raised €4 million to accelerate Quantum Nuova, their platform that uses quantum technology to track cellular stress within individual cells in real time – enabling scientists to watch cellular processes
Lithuanian startup Axiology raises €5 million to develop tokenised capital markets platform Vilnius-based capital markets infrastructure provider Axiology has secured €5 million in Seed funding to introduce new tokenised securities capabilities under the EU DLT Pilot Regime – bringing the full lifecycle of digital fixed-income instruments into one regulated environment. The
French climate investor SlateVC raises €132 million first close for inaugural growth fund Slate Venture Capital, a Paris-based venture capital firm dedicated to the climate transition, has secured a €132 million first close for its inaugural growth fund focused on energy and circularity. Disclosed investors include the European Investment Fund
Madrid’s BCAS raises €30 million debt to cover the A–Z of barrier-free education with flexible financing solution BCAS, a Madrid-based EdTech startup specialised in flexible education financing, today announced the closing of a new €30 million debt round, led exclusively by Spanish neobank MyInvestor. With this new capital, the company