€2.5B for NanoIC pilot line, ETF Partners raises €285M, and 10 Italian startups to watch

This week our research tracked more than 65 tech funding deals worth over €4.3 billion, and 15 exits, M&A transactions, rumours, and related news stories across Europe. In addition to this week’s top financials, we’ve also indexed the most important/industry-related news items you need to know about.

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💸 Notable and big funding rounds

💻Imec raises €2.5B for advanced chip tech R&D pilot line

🚲 Bicycle Therapeutics scores $555M investment for disease prevention

🇩🇪 DeepL soars to $2B valuation with $300M investment

🇬🇧 CIRCTEC raises €150M for Europe’s largest tyre pyrolysis recycling facility

🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇫🇷 Visma makes third acquisition of 2024 with MyCompanyFiles

🇧🇪 Belgian recruitment platform Jobtoolz acquires Hirehive

🇩🇪 Doctolib acquires Aaron.ai, maker of AI-based telephone assistance

🚀 Interesting moves from investors

🌳 Europe’s original sustainability VC, ETF Partners, raises €285M in oversubscribed round

🪻UK’s Zero Carbon Capital closes €23.4M fund to back European early-stage climate tech Ventures

🥘 Avvio founder launches €5M fund for hospitality tech

🗞️ In other (important) news

🌍 NATO Innovation Fund announces its new investment team

🇩🇪 German AI defence giant Helsing eyes $4B valuation in Series C funding

🦄 Iceland’s first unicorn will spur investment but don’t expect “floodgates” to open, says unicorn founder

🤖 AI concerns and workplace dynamics – findings from the Scaleup Culture Report 2024

⛈️ Biochar booms towards gigatonnes, but low-quality concerns cloud market growth

📡 Recommended reads and listens

🍄 Enifer secures €36M funding for food-grade mycoprotein factory in Finland

🤖 It’s frightening how concentrated this industry is’: Scott Galloway on Europe, new media and breaking up Big AI

🇮🇹 10 Italian startups to watch in 2024

🌙 The Exploration Company wins cargo contract from the ESA

🔭 European tech startups to watch

🐕 Lassie’s preventative pet insurance is now available in France

🇪🇪 CARÁ Health raises €620,000 for prenatal and postpartum support

🇵🇹 Web3 proptech Unlockit raises €1.4M pre-seed

🇷🇴 Remote Butler raises €50,000 for its HoReCa application

🇫🇷 En Carta Diagnostics secures €1.5M for rapid Lyme disease diagnostic kits