Weekly tech roundup in Europe: Over 75 tech investment deals surpassing €3.6 billion secured
The European tech sector continues to flourish, with recent funding deals, exits, M&A transactions, and related news stories painting a vibrant picture across the continent.
In a detailed breakdown, essential deals, actions, and players have been highlighted across various industries and regions.
Industry-wise Funding Deals
The AI and defence sector witnessed a significant investment with Helsing, a Munich-based startup, raising €600 million in a Series D round for its AI-powered defence systems. Proxima Fusion, also based in Munich, secured €130 million in Series A funding for its stellarator fusion reactors, aiming to build the world's first stellarator-based fusion power plant by the 2030s.
The software and AI sector also saw activity, with Deepdots, a Danish AI startup, securing €5.5 million in seed funding for its platform that compiles and analyses user reviews automatically. The telecom industry raised the most, with €2.6 billion, although specific deals were not detailed. Software companies raised €207.3 million, and the energy sector deals totaled €179.5 million last week.
Regional Funding Trends
The UK led in funding, securing €2.9 billion, surpassing Germany in capital invested. Germany, however, had notable rounds for companies like Helsing and Proxima Fusion, raising €277.5 million. France led in deal count, despite having lower deal values compared to other regions. Sweden secured €176.9 million in funding.
Exits, M&A, and Related News
Over the past week, more than 10 exits, M&A transactions, rumours, and related news stories were recorded, although specific details were not provided. Non-European investor participation dropped to 32% of H1 deals, marking a two-year low.
Despite geopolitical uncertainties, the European tech ecosystem continues to attract significant funding, with a focus on AI, clean tech, and fintech. The monthly reports, available to paying subscribers, provide a comprehensive overview of last week's tech funding activities.
Paying subscribers also have access to a handy.csv file for more in-depth analysis. These reports offer valuable insights for investors, entrepreneurs, and anyone interested in the European tech landscape.
Technology continues to be a significant focus in the European tech sector, with AI and defence startups Helsing and Proxima Fusion receiving notable investments. For instance, Helsing raised €600 million for its AI-powered defence systems, while Proxima Fusion secured €130 million for its stellarator fusion reactors.
Software and AI startups, like Deepdots from Denmark, also received funding, with Deepdots securing €5.5 million in seed funding for its AI-based platform. These investments, along with others in various regions and industries, are helping to shape the vibrant tech landscape across Europe.
