Funding

Austrian Biotech Efferon Secures €2.5M Seed Funding to Expand Sepsis Treatment Manufacturing Across Europe

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Efferon, a biotech company developing hemoadsorption devices for treating sepsis and septic shock, has secured €2.5 million in seed funding led by private investors from the DACH region. The company will use funds to build a new EU production facility and expand manufacturing capacity. Efferon’s products include Efferon LPS for general use and Efferon NEO for pediatric patients, with the latter recently receiving CE MDR certification. The technology has been used in over 25,000 treatments across 40+ countries.

Starling Bank Reports Profit Decline Amid Interest Rate Pressures, But SaaS Unit Engine Surges

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Starling Bank, a UK challenger bank with over 6 million customers, reported pre-tax profits fell 3% to £217m and revenues fell to £887m for the year ending March 2026, primarily due to lower interest income from reduced interest rates. However, the bank’s SaaS subsidiary Engine doubled its client base to 4 and grew revenue 25% to £10.9m, signing a 10-year agreement with Tangerine (Scotiabank subsidiary) marking its first North American client.

European AI Companies Raise €5.3 Billion in 2025, With France, Germany and UK Leading Investment Surge

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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.

London-based AI performance marketing platform Searchable secures €11.9 million Series A funding

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Searchable, a London-based AI performance marketing platform, raised €11.9 million in Series A funding led by Headline at a €72.1 million valuation. The platform helps brands understand, track and improve their visibility across AI-led search engines. Since launching in January 2025, the company reached €2.2 million in annual recurring revenue and works with major enterprise clients.

Norwegian Imaging Startup Muybridge Secures $16 Million Series A to Expand Software-Defined Camera Platform

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Norwegian imaging technology company Muybridge raised $16 million in Series A funding led by Investinor, Fairpoint, Idekapital and RunwayFBU. The company develops a software-defined imaging platform that replaces traditional broadcast camera infrastructure with compact arrays of 4K sensors and GPU-powered systems, enabling virtual camera perspectives in real time. The funding will support international expansion and scaling of commercial operations.

Manchester Biotech Imperagen Raises €5.7 Million to Scale AI-Powered Enzyme Engineering Platform

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Imperagen, a Manchester-based biotech company using AI and quantum physics to engineer enzymes, raised €5.7 million in Seed funding led by PXN Ventures. The company combines quantum physics simulation, AI model training, and automated robotics in a closed-loop system to improve enzyme designs. It brings total funding to €9.8 million and announced Guy Levy-Yurista as new CEO. The company plans to expand R&D, scale wet lab capabilities, and grow its go-to-market function.

Portuguese Development Bank Deploys €1.15 Billion in Storm Relief as Recovery Efforts Accelerate

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Portuguese development bank BPF has disbursed 1.15 billion euros to 6,000 companies affected by devastating storms in January-February 2026, with plans to reach 2 billion euros in total support across 90 municipalities. The bank is also introducing new instruments for exports, investment, growth, and quality job creation.

Portuguese Development Bank Distributes €72 Million in Advance Payments to Over 1,100 Companies

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Banco Português de Fomento made advance payments of 72 million euros to 1,113 companies under the IFIC program covering reindustrialization, defense and security, and AI sectors. This represents 30% of approved support, with remaining 70% to be paid upon validation of expenses during investment execution. The bank has approved projects for nearly 3,000 companies totaling over 2.2 billion euros in investment, with approximately 1,500 contracts currently in execution representing 436 million euros in eligible investment.

Portuguese Retail Giant Sonae Posts 11% Profit Growth in Q1 2026, Achieves Record Quarterly Revenue

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Sonae, the Portuguese retail conglomerate, reported strong Q1 2026 results with 47 million euros in profits (up 11% YoY) and record quarterly consolidated revenue of 2.7 billion euros. The company achieved improved profitability with EBITDA margins expanding from 9.8% to 10.4%, driven by growth across all retail operations and store expansion. Net debt decreased to 1.7 billion euros, reflecting strong cash flow generation and continued deleveraging.