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.
BGF, a UK-based growth capital provider, has deployed over €5.8 billion across 650 businesses in 15 years, supporting growth-stage companies in the UK and Ireland. The firm focuses on minority equity investments and has generated significant economic impact, including €4.3 billion in exits and 35,000 jobs created.
Endra, an AI-driven construction tech startup, grew from a garage project to a 2.4 billion SEK valuation in 18 months. CEO Niklas Lindgren discusses the company’s rapid rise and strategies to disrupt the global construction industry.
Bending Spoons, an Italian software company, achieved a $26 billion valuation after going public. The company specializes in acquiring mature applications (e.g., Evernote, WeTransfer) and transforming them through AI-driven optimization, cost reduction, and operational streamlining. It has identified over 1,000 potential acquisition targets, leveraging AI to automate development and reduce workforce redundancies.
Neko Health, a longevity-focused health company founded by Daniel Ek, has raised 265 million SEK in funding and opened a clinic in New York. The company continues to expand despite already having a substantial cash reserve.
IQM Quantum Computers, a Finland-based quantum computing company, became the first European quantum tech firm to go public, listing on Nasdaq and the Helsinki Stock Exchange. The IPO included €127 million in PIPE financing, with Tesi as a lead investor. The company, founded in 2018, has raised €475 million total funding and operates quantum systems for global clients.
Rohlik, the Czech grocery unicorn operating Sezamo in Romania, launched an integration with ChatGPT to enable natural language interactions for grocery shopping, including recipe searches, basket management, and order tracking.
Ysios Capital, a leading European venture capital firm in life sciences, announced the divestment of Memo Therapeutics AG following its acquisition by global biopharmaceutical company Ipsen. The deal includes an initial payment of 200 million euros.
Wayve, a UK-based autonomous vehicle scaleup, will test the London Stock Exchange Group’s (LSEG) new private markets platform, Pisces, by selling shares via the system. The company previously raised $1.2 billion in February and $60 million in April from investors including Nvidia, Microsoft, and SoftBank.
Doktor.se, a digital and physical healthcare provider, has secured a 1.5 billion SEK loan from Swedbank. CEO Martin Lindman describes the loan as a ‘quality stamp’ for the company.