Creandum launches €500M fund, Croatia challenges China and GenAI safety pays off

This week our research tracked more than 80 tech funding deals worth over €632 million, and over 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.

If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox.

Either way, let’s get you up to speed.

💸 Notable and big funding rounds

🇳🇱 BioBTX bags over €80M to launch the first commercial renewable aromatics plant

🇨🇭 M^0 raises $35M in Series A funding

🇫🇷 French EV charging startup Gireve raises €20M

🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇬🇧 Ciphr acquires Shape Payroll

🇪🇸 Seedtag acquires Beachfront

🇺🇦 Ukrainian IT company Digis merges with Scalamandra

🚀 Interesting moves from investors

🇪🇺 Klarna, Spotify and Bolt investor Creandum close seventh fund at €500M

🇩🇪 Northern Data Group partners with NVIDIA to launch accelerator

🇪🇸 Development institute (INFO) of Murcia allocates €1M to startups in the region

🇺🇦 Angels for Ukraine investment fund launches to support startups in Ukraine

🗞️ In other (important) news

🧪 Europe’s Deeptech Meetup: Bpifrance wants to propel French industrial startups to the next level

🇪🇺 Technology startup Rierino partners with FeatureMind to deliver seamless e-commerce and digital transformation experiences in EMEA

💸 UK wealthech backed by Tom Blomfield looks to crowdfund £1M

🚘 Vay roll out remotely controlled vehicles in Belgium

🇦🇹 Innovation at the heart of Europe: Austria’s tech renaissance and global impact

📡 Recommended reads and listens

🌎 Venture and growth investing for sustainability and societal impact

🇬🇧 UK startups trailing on net zero and responsible AI

🇭🇷 How two unicorns pushed Croatia ahead of China in GDP Share

🇸🇪 Sweden set to receive $3.2B investment from Microsoft for cloud and AI infrastructure

🔭 European tech startups to watch

🇩🇪 Quantica increases Series A to €19.7M to fuel growth of its additive manufacturing techs

🇹🇷 Turkish Fintech Sipay secures $15M

🇫🇷 Sopht raises €3.3M for energy reduction SaaS

🇪🇸 Alinia AI raises $2.4M for safe deployment of generative AI