Good news from around Europe
Molfar raises €1.5M to bring tactical anti-drone radar systems closer to the frontline Molfar Defence Technologies, a Polish-Ukrainian defence tech company developing tactical radar systems for the detection of small unmanned aerial systems (UAVs), today announced the close of the first tranche of its €2 million funding round. Front Ventures,
Factorial raises $150m Series D backed by General Catalyst and Atomico Powered by WPeMatico https://sifted.eu/articles/factorial-raise-general-catalyst-atomico-series-d
Wordsmith lands $70m Series B to turbocharge legal work with AI Powered by WPeMatico https://sifted.eu/articles/wordsmith-ai-legal-tech-raise-index-ventures-highland
Quantum startup Quobly raises €115m backed by STMicroelectronics Powered by WPeMatico https://sifted.eu/articles/quobly-series-a-115m
Europe is at risk of sleepwalking into AI armageddon Powered by WPeMatico https://sifted.eu/articles/europe-ai-armageddon
EQT: European tech’s new kingmaker? Powered by WPeMatico https://sifted.eu/articles/eqt-scaleup-europe-fund-kingmaker-investing
Quick commerce FirstClub doubles valuation to $255M in nine months The Bengaluru startup has crossed 1 million orders and reached a $50 million annualized GMV run rate within a year of launch. Powered by WPeMatico https://techcrunch.com/2026/06/03/firstclub-doubles-valuation-to-255m-in-nine-months-on-quality-first-grocery-bet/
Uber to put 500 data-collection vehicles on the road this year The modified Ioniq 5 will be loaded with sensors to capture data for Uber’s new AV Labs division. Powered by WPeMatico https://techcrunch.com/2026/06/03/uber-to-put-500-data-collection-vehicles-on-the-road-this-year/
Defense tech is flooded with money, but who’s built to last? Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote
Lovable signs multiyear deal with Google Cloud to up usage 5x, source says Lovable and Google signed an expanded multiyear deal that involves a 5x expansion of Lovable’s footprint on Google Cloud, and expanded access to Anthropic Claude. Powered by WPeMatico https://techcrunch.com/2026/06/03/lovable-signs-multi-year-deal-with-google-cloud-to-up-usage-5x-source-says/