Funding

Munich Defense Startup Helsing Raises $1.2 Billion, Becoming Most Valuable German Startup Ever

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Helsing, a Munich-based defense startup founded in 2021, is reportedly raising 1.2 billion US dollars, which would value the company at 18 billion dollars. This would make it the most valuable German startup, surpassing previous record holders Trade Republic and Celonis. The company develops AI-powered autonomous combat drones, with the HX-2 model already in operation. The funding round is led by US investors Dragoneer and Lightspeed Venture Partners.

Swedish Startup Transforms Coastal Seagrass into Sustainable Textiles with €300k Pre-Seed Round

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Salt & Fiber, a Malmö-based ClimateTech startup, has secured €300k in pre-Seed funding to scale its technology that transforms beach-cast seagrass into sustainable textile yarns. The company simultaneously launched a €45,000 crowdfunding campaign. The solution addresses coastal waste management (municipalities currently landfill seagrass) and the sustainability challenges of conventional textile production by creating biodegradable, plant-based fibres that require no fresh water, fertilizers, or land. The company is in pilot production, has a supply agreement with a Swedish municipality, and is part of the Älmhult x IKEA incubator, targeting commercialization between 2027-2028.

Romanian Automation Firm IT Genetics Lists on Bucharest Stock Exchange After Raising €1 Million

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IT Genetics, a Romanian IT company specializing in digital automation and operational efficiency solutions, listed on the Bucharest Stock Exchange AeRO market on May 20, 2026 under the ticker ITG. The company raised 5.2 million lei through a private placement to support international expansion and business development. Operating in Romania, Hungary, Bulgaria, Spain, and Italy, IT Genetics serves over 20,000 companies across retail, logistics, manufacturing, e-commerce, and HoReCa sectors.

Berlin LegalTech Startup LawX Secures €7.5 Million in Seed Funding Round

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LawX, a Berlin-based LegalTech startup founded in late 2024, has raised €7.5 million in a Seed round led by Motive Partners. The company develops an AI-powered operating system for law firms and notaries, integrating case management, document processing, communication, and billing. The platform addresses labour shortages and outdated software systems in the legal market by automating administrative processes.

Danish Biotech Startup Alcolase Secures €1.5M to Develop Enzyme Treatment for Genetic Alcohol Intolerance

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Danish biotech startup Alcolase raised €1.5 million to develop an enzyme-based technology that breaks down alcohol in the stomach before absorption, targeting the 540 million people in East Asia with ALDH2 deficiency (genetic alcohol intolerance). The company plans to launch in Singapore and South Korea, with a UK subsidiary supporting therapeutic drug delivery development.

Italian Water Treatment Specialist Iride Acque Secures €3 Million Investment from Credem Euromobiliare Private Asset

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Iride Acque, a company specialized in industrial water treatment, received a 3 million euro investment from Credem Euromobiliare Private Asset. The investment marks an important step in building a structured industrial group in the industrial water treatment sector. The company has already acquired Biemme Engineering in 2023 and Bieffe Costruzioni in this operation, creating a vertically integrated group covering design, installation, maintenance and remote management of water treatment plants.

Grupo Brisa Reports Strong 2025 Growth With €1.23 Billion in Revenue Following Strategic Merger

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Grupo Brisa, Portugal’s highway concessions operator, reported 2025 revenues of 1,231.6 million euros, a 13% increase from 2024. The group completed a merger with Rubicone BidCo effective January 1, 2025, strengthening its financial capacity. Net income was 173.4 million euros (down 44% from 2024 due to accounting effects of the merger). EBITDA increased 5.3% to 860.9 million euros. The group invested 109 million euros in infrastructure maintenance and improvements, a 25.9% increase from the previous year.

Dutch Defence Tech Startup Destinus Targets €200m Pre-IPO Raise Ahead of Public Markets Debut

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Destinus, a Dutch defence tech startup founded in 2021, is in talks to raise approximately €200m in a pre-IPO funding round, seeking a valuation above €5bn based on forecast annual revenues of €500m. The company, which develops drones and cruise missiles, recently acquired Swiss autonomous pilot startup Daedalean for $225m to strengthen its AI and autonomous flight capabilities.

Hyundai’s 42dot invests 1 million euros in Romanian automotive software startup OxidOS Automotive

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OxidOS Automotive, a Cluj-based Romanian startup that develops software development tools and operating systems for the automotive sector, raised 1 million euros from Hyundai’s 42dot unit. The company creates platforms that enable automotive manufacturers and integrators to implement software safely and securely faster by reducing development, debugging, and certification time. This investment follows a 1.2 million euro seed round led by Early Game Ventures in 2022.

Milan’s Gruppo Cap Approves €1 Billion Water Infrastructure Plan Through 2037

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Gruppo Cap, the integrated water utility serving the Milan metropolitan area, approved a major industrial plan update through 2037 with total investments reaching over 1 billion euros by 2033. The plan focuses on infrastructure modernization, climate resilience, emerging micropollutant management, digitalization and cybersecurity. The company reported 2025 revenues of 500.5 million euros with 36.4 million euros net profit.