Madrid-based cybersecurity startup 8Layers raised an additional €1 million in its pre-Seed round, bringing total funding to €2.5 million. Strategic investors Criteria Venture Tech and Bankinter joined to support the company’s digital identity security platform and regulatory compliance solutions.
Blykalla, a Swedish nuclear power company, has raised 500 million SEK in funding and appointed former Norrsken CEO Erik Engellau-Nilsson as chairman to drive its industrial expansion.
Luffy AI, a UK-based startup, raised £8.1 million in Series A funding led by BGF. The company develops neuroplastic AI for industrial motor control, enabling real-time adaptive systems without cloud dependency. Funds will scale deployment in industrial applications.
Sodena provided a 250,000 euro loan to Muxunav, a Navarre-based company specializing in unattended payment solutions, to support its growth and international expansion. The funding follows a 32% sales increase in 2025.
Whering, a UK-based digital wardrobe platform, has secured $7 million in seed funding led by eBay Ventures and Google AI Futures Fund. The company, founded in 2021, enables users to digitize their wardrobes, plan outfits, and promote circular fashion. The funding will support AI-driven features like personalized outfit recommendations and virtual try-ons, as well as expansion of resale integrations.
Lisbon-based BIZAY, a technology platform for customized products, raised €48.75 million in Series D funding led by Indico Capital Partners. The company is on track to surpass €87.4 million in revenue and achieve profitability for the first time. Funds will support expansion in the US, market consolidation, and AI-driven infrastructure development.
Munich-based Proxima Fusion secured €411 million in a €2.5 billion valuation round led by XTX Ventures and East X Ventures, with Google as a notable investor. The funding will accelerate development of its nuclear fusion technology, including the Alpha stellarator project. The company aims to secure additional €1.2 billion from the German federal government for commercialization.
Porelio, a Germany-based deeptech startup developing advanced materials for industrial separation and water treatment, raised €2.4 million in a pre-seed round led by Faber. The funding will scale its patented continuous-flow manufacturing process for Functionalized Ordered Mesoporous Silicas (FOMS), which capture pollutants like PFAS and recover precious metals more efficiently than existing methods.
Kinnevik, a Swedish investment company, wrote down Mathem’s value to zero two years after investing over 3.5 billion SEK in the startup and its sister company Oda. The company has now sold its stake for a negligible amount to an unknown buyer.
Leiden-based AI startup Whispp secured €5 million in a follow-on investment round led by LUMO Labs and supported by the European Innovation Council (EIC) Accelerator. The funding will accelerate global deployment of its on-device voice reconstruction technology, which converts whispered speech into natural-sounding voices for private communication and accessibility.