London AI Startup Arrakis Raises $38 Million to Help Industrial Companies Deploy AI Agents

London‑based AI deployment startup Arrakis raised $38 million, including a $30 million Series A co‑led by Blossom Capital, to help industrial companies design, build and scale AI agents and to expand internationally with new offices in New York and the Middle East.

Spanish Biotech Catalyxx to Build €120 Million Bio-Based Chemicals Plant in Portugal

Spanish energy startup Catalyxx announced that it will build a €120 million commercial‑scale bio‑based chemicals plant in Sines, Portugal. The project, part of a broader European push for circular bio‑based industries, is funded by private capital and public sources, including a €20 million grant from the Circular Bio‑based Europe Joint Undertaking. The plant will produce drop‑in, carbon‑negative chemicals such as butanol, hexanol and octanol, aiming to replace fossil‑derived counterparts and reduce CO₂ emissions by about 105,000 tonnes per year. Construction is slated to start in Q4 2026.

Verda Secures €22 Million InvestEU-Backed Loan to Expand AI Cloud Infrastructure

Verda, a Helsinki‑based AI infrastructure startup, obtained a €22 million loan from the Nordic Investment Bank, backed by InvestEU, to buy GPUs and expand its renewable‑powered data centres as it scales its AI cloud services after raising €102.5 million earlier in the year.

Modo Energy Secures €14.9 Million Growth Funding to Expand AI-Powered Energy Analytics Platform

London‑based startup Modo Energy raised €14.9 million from CIBC Innovation Banking to scale its AI‑driven benchmarking and valuation platform for battery storage and renewable assets, aiming to broaden its market reach and enhance its product offering.

Italian HR-Tech Startup Talentware Secures €3.3 Million Seed Round Led by CDP Venture Capital

Italian HR‑tech startup Talentware raised €3.3 million in a seed round led by CDP Venture Capital, with participation from 360 Capital and several angels. The funding will be used to grow the team, enhance its AI‑native skill‑intelligence platform, and expand into new European markets.

Ukrainian Defence-Tech Platform Launches €50 Million European Fund Based in Estonia

Ukrainian defence‑tech platform Resist.UA announced the creation of a €50 million European fund, Resist 2.0, registered in Estonia. The fund aims to channel qualified international investors into Ukraine’s rapidly growing miltech sector, focusing on early‑stage, battlefield‑tested teams and reinvesting returns to further scale the ecosystem.