European startups saw a significant surge in investment during September, securing €15.8 billion in funding. This figure represents a nearly fivefold increase compared to the total volume recorded in August.
Universal Quantum, a spinout from the University of Sussex, secured $100 million in a Series A round. In the energy sector, German company Reverion raised €154 million and announced plans to expand its workforce by 800 employees for a new production facility.
The M&A landscape saw notable activity, including SAP's acquisition of TechWolf, described as a record deal for Belgian venture capital. Additionally, Personio acquired Circula to consolidate payroll and benefits, while Sovos purchased the French firm Flowie.
Investment firms are expanding their presence in the region. Endeavor Catalyst launched a $320 million Fund V, and Graduate Ventures introduced a €125 million seed fund focused on Dutch startups. Furthermore, Nevermind VC debuted with a €23.6 million first close for dual-use deeptech.
The ecosystem continues to grow, with alumni from Delivery Hero having founded 150 startups valued at a combined €7.5 billion. Meanwhile, new collaborations like Project Foundation aim to quadruple the production of thermal sensors in Europe.
