Funding

Italian Nuclear Energy Startup Newcleo to Go Public on Nasdaq Through SPAC Merger

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European nuclear‑energy startup Newcleo is set to become a publicly traded company on the Nasdaq after completing a SPAC merger with NewHold Investment Corp. III. The deal, valued at a pre‑money $2.4 billion and backed by a $429 million PIPE and trust cash, is expected to close on 21 September 2026, with shares trading from 22 September. The financing will support Newcleo’s rapid expansion in the U.S. market.

Swedish AI Lab Farang Quadruples Valuation, Ditches Revenue Goals to Chase Superintelligence

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Farang, a quiet AI startup in Sweden, has secured funding that quadrupled its valuation. The company has abandoned revenue goals, turned down customers, and is now betting everything on developing superintelligence to challenge the biggest AI firms. It plans to live off investments for several years ahead.

Bulgarian Spacetech Startup EnduroSat Achieves Unicorn Status With $205 Million Funding Round

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Bulgarian spacetech startup EnduroSat raised $205 million (€178 million) in a round co‑led by Riot Ventures and Atreides Management, bringing its valuation above $1 billion and granting it unicorn status, with a broad syndicate of investors supporting its satellite fleet expansion.

London Healthtech Startup Penelope Health Raises €87 Million in Series B Funding

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London‑based startup Penelope Health raised €87 million in a funding round led by Thoreau, with participation from Bertelsmann Healthcare Investments, Twine Ventures and Seedcamp. The capital will be used to expand its real‑time payer policy intelligence platform, creating a shared infrastructure for payments and clinical rules, and to launch new products that reduce administrative burdens in healthcare. The company, founded in 2025, already covers policies for over 200 million Americans.

German Security Startup Arcos Secures €5.5M Seed Funding to Expand Critical Infrastructure Monitoring Platform

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German security‑tech startup Arcos secured €5.5 million in seed capital from investors including HTGF, Bayern Kapital, Pact, Haufe and Robin Capital. The funding will be used to grow its team, enhance its unified platform that aggregates sensor data for security incident management, and expand across Europe.