Good news from around Europe
Allica Bank to become UK’s latest fintech unicorn, following $155M funding round, according to report UK challenger business bank Allica Bank is to become the latest UK fintech unicorn, following a $155m (£111m) Series D funding round, according to a report. Allica is expected to announce tomorrow that its new
Radiant and Ori merge to deliver sovereign AI cloud at utility scale UK scaleup Radiant today announced its merger with Ori Industries, combining Ori’s distributed AI infrastructure platform with Radiant’s global infrastructure capabilities and marking the company’s transition into full operations. Radiant is a vertically integrated AI infrastructure company combining
Verley closes €32M Series A to advance next-generation functional whey ingredients French foodtech startup Verley has raised €32 million in a Series A financing round, only four years after its inception. Verley develops functional whey protein ingredients, more precisely beta-lactoglobulin (BLG), designed to deliver the nutritional and functional performance expected
Dutch AI inference chipmaker Axelera AI raises $250M A Dutch chipmaker which designs and manufactures chips for AI inference use has raised more than $250m, with backing from new investor BlackRock. Innovation Industries, the European VC fund, is the lead investor in the round in Axelera AI. The round also features
Quantcore raises £2.5M to build UK’s sovereign manufacturing capability Glasgow-based Quantcore has secured £2.5 million in seed funding to develop a sovereign supply chain for quantum hardware, as the UK seeks to strengthen domestic capacity in technologies linked to national security and economic competitiveness. The round was co-led by PXN
Amid €65 billion lost each year to stroke and dementia in Germany, nyra health secures €20 million to scale digital neurotherapy Vienna-based nyra health, a provider of an AI-based platform for neurological therapy, announces the completion of a €20 million Series A financing round to further expand its technology platform
With high-protein nutrition now mainstream, Lyon’s Verley raises €32 million to expand production Verley, a French nutrition-focused ingredient company developing high-performance whey proteins through precision fermentation, has secured an oversubscribed €32 million Series A financing round – four years after its inception. The round was led by Alven, with participation
From capital markets to combat drones: 10 of the most promising Lithuanian startups to watch in 2026 Following up on our country deep-dive series, we now turn to Lithuania, a Baltic nation that has steadily built a reputation as one of the region’s most dynamic innovation hubs. While compact in
European missile manufacturing push gains momentum as Frankenburg closes €30 million funding round Frankenburg Technologies, a Tallinn-based missile defence startup focused on affordable, mass-manufacturable missile systems and sovereign production capacity, has raised €30 million in Series A funding to build tangible, sovereign missile-manufacturing capacity in Europe, with a clear focus on
Munich-based VoiceLine raises €10 million to scale its voice AI platform for enterprise frontline teams VoiceLine, a Munich-based voice AI platform for enterprise frontline teams, today announced that it has closed a €10 million Series A funding round to scale its team and platform, as well as expand internationally. The