Backbone, a Belgian food‑industry software startup founded in 2025, secured €4 million in a pre‑seed round led by Pitchdrive. The funding will accelerate its AI‑driven platform that centralises quality and compliance data for food companies and supports its expansion into the UK and the Netherlands.
Spanish AI/Deeptech spinout IPronics raised $125 million in a Series B round led by Nvidia, marking a significant funding milestone for the company.
Swedish startup Afterquery, founded by two young entrepreneurs, reached a 30 billion SEK valuation within 18 months, marking the quickest path to unicorn status ever recorded by Y Combinator.
London‑based Pharosyn, an AI‑powered competitive intelligence platform for biopharma, raised €2.5 million in a round led by Moonfire to expand its product and accelerate adoption among pharmaceutical commercial and portfolio strategy teams.
Uplift Ventures announced the creation of a €100 million fund aimed at closing the financing gap for European deep‑tech companies, especially those developing Physical AI, Energy, Enterprise AI and Logistics solutions. The fund will back up to 20 startups and will be supported by Jungheinrich, with the firm taking flexible roles from lead to co‑lead investor.
French AI startup Mistral AI secured a massive €3 billion financing round, with strategic investors Samsung, Nvidia, ASML and the European Scaleup Fund leading the round. The capital will be used to scale up its AI model development, hire talent and build out compute resources, positioning Mistral as a major player in the European generative‑AI landscape.
HyImpulse, a European space‑technology startup, secured €50 million in new financing.
Swedish AI startup Unbounded, backed by Nordnet’s main shareholder and several tech billionaires, launched its product and was valued at nearly 250 million SEK (about $22.5 million) earlier this year.
UK‑based cleantech startup Ki 13 secured $5 million in seed capital, led by HICO Investment Group, to construct an industrial pilot plant for its low‑temperature biomass electrolysis process that simultaneously produces green hydrogen and biogenic CO₂ for synthetic fuels such as e‑SAF, e‑methanol and e‑methane.
Scoutyn aggregates 75 European tech startups that together aim to raise more than €72 million, covering a spectrum of development stages and financing needs.