European tech funding deals topped €1B across 50-plus rounds

European tech funding deals cleared €1 billion last week across more than 50 announced financings, according to Tech.eu, with a handful of large rounds doing most of the work. The tracker also counted more than 10 exits, M&A transactions, rumours and related deal items across the region.

Cleantech drew the largest sector total at €431.7 million, followed by fintech at €158 million and robotics at €138.5 million. By country, the UK led with €629.5 million, ahead of Germany at €295.9 million and Italy at €34 million. Those figures show a week where capital remained concentrated in a few markets and categories rather than spread evenly across Europe.

What were the biggest European tech funding deals last week?

The largest disclosed financing in Tech.eu's tally was CuspAI's $450 million raise, backed by Jeff Bezos and Sovereign AI. Germany's Augustus followed with a $180 million Series B, reported by Finextra, while UK robotics startup Humanoid raised a $152 million Series A at a $1.35 billion valuation.

The next tier included Voodin Blade Technology, which secured a €48.18 million EU grant for an automated wooden turbine blade factory in Spain. Arrakis emerged from stealth with $38 million raised over more than three months, while UK agricultural biotech company Moa Technology raised £22.2 million. Finland's Verda secured a €22 million Nordic Investment Bank loan, and Dutch company Tempress received a $20 million investment from Jolt Capital.

Several deals in the list were not standard equity rounds. The weekly total included grants, loans, undisclosed strategic investments and rounds with limited financial detail, so the €1 billion figure should be read as broad financing activity rather than venture equity alone.

Health, energy, AI and industrial software also showed up throughout the mid-market. Hilo raised a $19 million Series B extension for a blood-pressure health system, and TidalSense clinched $19 million for AI-assisted lung disease testing. Modo Energy secured €14.9 million for its energy benchmarking and valuation platform. German startups telli and Passionfroot each raised $15 million, while kausable raised €12 million.

Where was the money concentrated?

The UK accounted for the largest national total, helped by CuspAI, Humanoid, Arrakis, Moa Technology, TidalSense and other smaller rounds. Germany's total was supported by Augustus, Voodin Blade Technology, telli, Passionfroot, kausable, deltaVision and additional early-stage financings.

Italy's disclosed activity included Circular Materials, which secured €11.8 million for critical raw material recovery technology, Datapizza's €10 million Series A, ORiS's €5 million round for space energy infrastructure, Talentware's €3.3 million seed round and Vinhood's €3 million Series A. Spain, Switzerland, Sweden, Ireland, Ukraine, Türkiye, Iceland, France, Luxembourg and the Netherlands also appeared in the weekly funding list, usually through smaller rounds or undisclosed financings.

What M&A activity was reported?

Tech.eu's roundup also logged an active week for acquisitions and mergers, though many transaction values were not disclosed. The largest named price was Einride's acquisition of electric vehicle charging startup Flipturn for $38 million. A separate $87 million deal enabled a global acquisition of UK company Secaro.

Other reported transactions included Havas acquiring Dutch sport-marketing agency SportVibes, Genki buying Wave Claims, Baltic ticketing group PLG acquiring Romanian platform iaBilet, and chargecloud acquiring assets from insolvent charging station startup elvah. Aiven acquired Flow AI to expand production AI infrastructure capabilities, while Monterro bought Finnish fintech MORS Software. Swedish racket-sports platform Matchi also merged with Austrian competitor Eversports.

Tech.eu points readers to its Funding Explorer for the underlying funding data, investor activity, company profiles and market trends.

This story draws on original reporting from Tech.eu.