European technology companies completed more than 70 funding transactions this week, with deal values exceeding €3.9 billion. The period also saw over 5 exits and M&A announcements across the continent.

The week's travel itinerary took in two significant European tech hubs. In Bilbao, BIOSPAIN 2026 provided a window into Spain's expanding biotech sector, touching on investment trends, emerging technologies, and broader questions about European competitiveness. Meanwhile, in Angers, France, Bull unveiled a new manufacturing facility as part of an €80 million expansion programme designed to double its production output for supercomputers and AI systems.

Major funding rounds

  • Nscale raised $3.36 billion in pre-IPO financing to expand its full-stack AI cloud platform
  • Reverion secured €154 million and announced plans to establish a new factory with 800 new hires
  • Voi, a micromobility operator, obtained €150 million in revolving credit facilities to retire existing debt and grow its vehicle fleet
  • Onomondo gathered €100 million or more to develop its worldwide IoT network infrastructure

Acquisitions and mergers

  • HCLSoftware is acquiring Robotiq.ai, a Croatian robotic process automation company
  • Lottie purchased CareMaster as it deepens its artificial intelligence integration into care sector operations
  • Airbus completed the acquisition of Quarkslab, a French cybersecurity firm

Investor activity

  • Headline, which has backed Mistral and Black Forest Labs, closed a €400 million European investment fund
  • DIG Ventures wrapped up its third fund at $120 million, targeting European AI infrastructure companies
  • Sofinnova Partners completed an oversubscribed €82 million fund focused on medical device startups

Other notable developments

  • Blackwall surged 368 percent, achieving unicorn status as Estonia's newest billion-dollar company
  • Mykhailo Fedorov unveiled the Army of Robots initiative, seeking a chief technology officer, with the stated mission to "Make robots fight instead of people"
  • Trace.Space launched Trinity, a tool designed to address a critical challenge in hardware engineering
  • Berlin-based Apheris partnered with Ginkgo to enable pharmaceutical companies to train AI systems on 10,000 antibody sequences

Emerging companies to follow

  • Ahron raised €2.2 million to develop AI-powered human resources automation tools
  • Tryp.com, founded by six engineering students and now serving 10 million users, raised €1.9 million
  • bilt.me, positioning itself as a "Shopify of mobile apps," raised $700,000 to help entrepreneurs build mobile businesses
  • Sovera Security obtained €535,000 from EIFO to develop sovereign artificial intelligence cybersecurity solutions
  • Kyndred secured €500,000 from Early Game Ventures to create AI-powered companion applications

Source: Tech.eu