Verda, a Helsinki‑based AI infrastructure startup, obtained a €22 million loan from the Nordic Investment Bank, backed by InvestEU, to buy GPUs and expand its renewable‑powered data centres as it scales its AI cloud services after raising €102.5 million earlier in the year.
Ukrainian defence‑tech platform Resist.UA announced the creation of a €50 million European fund, Resist 2.0, registered in Estonia. The fund aims to channel qualified international investors into Ukraine’s rapidly growing miltech sector, focusing on early‑stage, battlefield‑tested teams and reinvesting returns to further scale the ecosystem.
German startup Voodin Blade Technology, together with Lithuanian partners VMG Wood Invest and VMG Technics and Anker‑Tec, received a €48.18 million grant from the EU Innovation Fund to create the first automated wooden blade factory in Spain, aiming to produce recyclable wind‑turbine blades and support a sustainable European supply chain.
The article explains why Lilium, the Munich‑based flight‑taxi startup, never received the €100 million KfW loan it had sought, despite state and Bavarian guarantees, and how the missed financing could affect its planned test flight and investor confidence.
Lockheed Martin Ventures, the venture arm of the US aerospace and defence giant, announced the opening of a new office in London and pledged at least €87 million ($100 million) of its €874 million fund to back European defence‑technology startups, aiming to deepen its presence in the European ecosystem and support transatlantic defence industrial base.
SWISSto12, a Swiss space technology startup, secured €70 million in financing to accelerate its development and market expansion.
Paris-based Syntetica, a company developing a patented process to recycle both types of nylon in a single process, has raised $30 million in a Series A round led by Bpifrance’s Ecotechnologies fund. The funding includes participation from Lululemon, MAS Holdings, and other investors. The company plans to use the funds to scale its technology and build a commercial facility.
Monumental, an Amsterdam-based construction tech company, raised $32M in Series B funding led by Khosla Ventures. The company uses autonomous robotics and AI to address labor shortages in construction, deploying over 150 robots across the Netherlands and UK. Funds will accelerate international expansion and enhance automation capabilities.
Elewit, the technological platform of Redeia, announced a 40 million euro investment over four years to drive innovation and digitalization as part of Redeia’s Strategic Plan 2029. The funds will focus on efficiency and transformation initiatives within the group.
Neko Health, a preventative healthtech startup based in Stockholm, announced a $500m Series C funding round. The company, co-founded by Hjalmar Nilsonne and Daniel Ek, offers body scanning and health monitoring services. The article discusses user experiences with Neko’s unflattering 3D avatars and their potential to motivate behavioral change.