The European tech sector saw over 65 funding deals this week, totaling more than €2 billion. Among the largest transactions, the Portuguese company TEKEVER secured $580 million in a Series D round, reaching a valuation of $6.4 billion. Meanwhile, the Dutch firm Bird raised $450 million in debt while reducing its workforce from 1,000 to 120 employees. Additionally, the Finnish startup Verda attracted $189 million to develop its AI cloud infrastructure.
Investor activity remains focused on the defense sector. DTCP has closed a €455 million defense fund aimed at scaling strategic technologies in Europe. Similarly, Final Frontier and Myriad have established a €100 million defense tech fund. Other notable capital movements include NewSchool VC closing a €10 million fund for early-stage B2B startups and Project Ventures launching a £5 million fund dedicated to deeptech and AI companies linked to Imperial College.
Strategic acquisitions continue to reshape the market. The German startup feld.energy is acquiring AckerKapital, while the Spanish company EYSA has purchased Joinup to expand its mobility operations. In the AI space, the French firm Mistral AI has acquired Pimento to bolster its business application capabilities. Furthermore, SPRIND and NADI have launched a €40 million initiative aimed at redesigning European chip architecture.
Early-stage funding remains active across various sectors. Palma.ai raised $1.8 million for AI agent development, while Duqu secured €1.5 million for working capital solutions. Gamindo closed a €1.4 million round for corporate training software, and Reply Next obtained €400,000 in pre-seed funding. Additionally, a group of European founders in Japan raised $1.2 million to deploy modular humanoid robots.
