LEADBAY raised €3.8 million to revolutionize sales intelligence by moving beyond traditional data sources like LinkedIn profiles, job postings, web traffic, technology stacks, marketing campaigns, and social media activity to capture a larger portion of the real economy.
Helsinki-based Retailgrid, an AI-powered retail technology startup, raised €358,000 in pre-seed funding to develop its cloud-based platform that helps mid-market retailers and FMCG companies move beyond spreadsheet-based workflows for pricing, assortment planning and forecasting decisions.
Exhibitly, a Ghent-based EventTech startup, raised €1.4 million in pre-Seed funding to expand its AI-powered personalisation platform for B2B events. The platform uses AI to create personalised experiences on event websites, increasing conversion rates by 10-20 times compared to standard event websites. The company has already signed 114 events globally and is cashflow positive.
Milan-based legal AI company Lexroom raised $50 million in Series B funding led by Left Lane Capital. The company develops AI infrastructure for legal professionals using a proprietary database of over 6 million verified legal sources. The platform is used by over 8,000 law firms and corporate legal teams globally, with plans to expand across civil law jurisdictions in Europe starting with Spain and Germany.
Atlo, a Copenhagen-based AI-powered wholesale platform, has secured investment from prominent Scandinavian retail-tech entrepreneurs. The platform aims to digitalize wholesale ordering for interior design and lifestyle brands by automating workflows, predicting reorder needs, and providing real-time performance data. Founded by Casper Brix, former Head of Purchasing at AndLight, the platform targets an industry still operating primarily through emails and spreadsheets.
The European Commission selected Swedish investment firm EQT to manage its new €5bn Scaleup Europe Fund focused on European deeptech startups. EQT won the mandate over finalists Atomico and other competitors. Around €2.5bn has been committed as of year-end, with €1bn from the EIC and €1.5bn from private limited partners including Novo Holdings, CriteriaCaixa, Santander/Mouro Capital, APG Asset Management, and the Wallenberg family.
ICO, through its venture capital subsidiary AXIS, has approved an investment of 3.67 million euros in KD, a Spanish microelectronics company focused on high-speed optical communications technology that enables reliable and efficient transmission of large data volumes in adverse environments
Ryanair announced record net profits of €2.26 billion for fiscal year 2026 (ending March 31), a 40% increase driven by reduced expenses and higher revenues from passenger growth and fares. The airline projects stable ticket prices during peak summer months and increasing confidence in jet fuel supply despite Middle East tensions. The company’s conservative fuel hedging strategy (80% of FY2027 fuel hedged at $67/barrel) protects margins as spot prices exceed $150/barrel. CEO Michael O’Leary’s contract extension negotiations through 2032 are nearing completion.
Klarna, the Swedish fintech company, announced significant growth metrics including a 49% increase in connected merchants to over 1 million and a 21% growth in users to 119 million. The company processed $33.7 billion in payment volume (up 33%) and achieved its first profitable quarter with $1 billion in revenue and $1 million net profit. Klarna is expanding US market presence through partnerships with Stripe, Nexi, JPMorgan Payments, and Worldpay.
Milan-based Cosmico, a future of work holding company, raised €12 million in Series B funding led by P101 SGR. The company operates across Italy and Spain with a network of 35,000+ digital professionals. Alongside the funding, Cosmico completed the full acquisition of Flatmates, a creator agency. The funding will support the company’s expansion strategy and planned acquisitions.