Startup Lovable secures $150 million in funding, achieving a valuation of over $1 billion, becoming a double unicorn in the no-code market.
In the dynamic world of technology, Europe is making a strong mark as a hub for innovative AI startups, with several companies securing substantial funding rounds this year. Here are some notable examples:
## Leading AI Startups with Notable Funding in 2025
### Helsing (Munich, Germany) - **Industry:** Defence technology - **Funding Round:** €600 million Series D - **Valuation:** €12 billion post-funding
Helsing, a company specialising in AI-powered software for defence systems, has raised €600 million in its Series D funding round. This significant investment, led by General Catalyst, underscores the growth of the defence tech sector and marks one of the largest deals in Europe.
### Isomorphic Labs (London, UK) - **Industry:** AI for pharmaceutical research - **Funding Round:** €508 million (March 2025)
A spinout from DeepMind, Isomorphic Labs uses AI to model molecular biology and accelerate drug discovery. The substantial funding highlights the potential of AI in transforming pharmaceutical research and development.
### Perry (Amsterdam, Netherlands) - **Industry:** AI for technical workforce training and support - **Funding Round:** €1.6 million seed round (July 2025)
Perry, a startup focusing on AI tools to train and support technical workers across Europe, has raised €1.6 million in its seed round. While the funding amount is smaller compared to some multinationals, its focus on workforce challenges is notable for the sector’s expansion.
## Broader Trends
In the first half of 2025, European startups raised nearly $28.9 billion (about €24.5 billion) across 3,600 funding rounds, with AI, defence, and biotech sectors leading the way. The industry focus extends beyond these sectors, with deep tech, quantum computing, and fusion energy also attracting large investments, though not all are strictly AI-focused.
## A Rising Star: Lovable (Stockholm, Sweden)
Among the rising stars in Europe is Lovable, a startup founded by Anton Osika and Fabian Hedin in 2023. Lovable's generative AI platform allows non-technical users to build apps or websites using simple text prompts, without requiring prior coding or software experience.
In just seven months since launching the platform, Lovable generated $75mn in annual recurring revenue (ARR), making it one of Europe's fastest-growing startups. The company is now in discussions to raise $150mn at a valuation of nearly $2bn, with expectations of its upcoming funding round being one of the biggest in Europe in 2025.
Anton Osika, co-founder of Lovable, stated that the platform was built for the 99% who do not create software, believing that by allowing non-technical founders to create successful businesses, Lovable is "unlocking a new economy."
[1] Source: Financial Times [2] Source: TechCrunch [3] Source: CB Insights
The substantial funding secured by Helsing, a Munich-based startup specializing in AI for defence systems, underscores the growth of the defence tech sector and signals the potential of AI in finance, a sector closely linked to business.
Lovable, a Stockholm-based startup that allows non-technical users to build apps or websites using generative AI, demonstrates the transformative impact of AI on the art of design and creativity, intertwining technology with various industries.
