Swiss DeFi Startup Otomato Secures $2 Million in Seed Funding from Improbable
Otomato raises $2 million from Improbable to build real-time intelligence layer for DeFi users
Otomato raises $2 million from Improbable to build real-time intelligence layer for DeFi users
Qonto attempts to acquire distressed fintech company ACASI
European AI companies raised over €5.3 billion in 2025, with capital concentrated among top companies including Mistral AI (€1.7B), Helsing (€600M), Black Forest Labs ($300M), Synthesia (€350M), ElevenLabs ($180M), and n8n (€155M). The UK, Germany and France emerged as Europe’s most active AI hubs. Funding was spread across foundation models, defence AI, generative media, and applied AI across healthcare, manufacturing, aviation, legal services and other sectors.
Manutan Group announced the opening of applications for the sixth edition of its ‘Moov’with’ program, an entrepreneurial support initiative that provides operational and territorial-based accompaniment to startups, positioning itself as an alternative to traditional venture capital models during a slowdown in startup financing.
Airbnb announced new functionalities including car rentals, grocery delivery through Instacart partnership, airport transfers via Welcome Pickups, baggage storage through Bounce, boutique hotel integration in 20 cities (including Paris, London, Madrid, Rome, New York), FIFA 2026 World Cup experiences, and AI-powered features for trip planning and customer support in 11 languages.
The French prudential regulator ACPR’s Sanctions Committee condemned Société Générale to pay a 20 million euro fine plus formal reprimand for serious violations of insurance distribution rules. The violations concerned two areas: the bundled offering ‘Sobrio’ which automatically included collective damage insurance without proper information and advisory compliance, and standalone insurance contracts sold outside the bundle that failed advisory duties and client interest obligations. Société Générale stated their interpretation of bundled product laws differed from authorities and they may appeal to the State Council.
A consortium of major French companies including investment firm Ardian, telecommunications company Orange, energy company EDF, consulting firm Capgemini, and others have formed AION to bid for the European AI Gigafactories program, representing France’s acceleration in AI infrastructure development
Mister IA raised 10 million euros in funding from 199 Ventures (Andréa Bensaid’s fund) and Momentum Invest
Dior is reassessing its pricing strategy to win back customers who have been deterred by luxury price increases over recent years. CEO Delphine Arnault confirmed the brand is working on leather goods and maintaining price caution, having frozen Lady Dior prices since 2023. Creative director Jonathan Anderson is driving brand renewal with lower-priced product offerings.
Lauxera has oversubscribed a 520 million euro fund aimed at accelerating European medtech companies’ expansion into the United States market.