Catalyxx, a Spain-based developer of bio-based chemicals, has received a €20 million EU grant to build its first commercial plant in Europe. The funding supports the transition from technology demonstration to commercial-scale production of bio-based alcohols, aiming to reduce reliance on fossil-based feedstocks.
German startup QuantumDiamonds, spun out of the Technical University of Munich, raised €15 million in equity funding to accelerate growth. The round complements €76 million in EU-backed non-dilutive state funding, totaling €91 million. Funds will scale production and support a new testing facility in Munich, aligning with EU efforts to reduce reliance on US technology.
Revolutionrace, a publicly traded company, acquires Icaniwill, valuing it at 700 million SEK. Revolutionrace’s CEO Paul Fischbein highlights the acquisition as part of further multi-million kronor investments.
Hatstore, a Swedish e-commerce company specializing in hats and accessories, reported sales exceeding 400 million SEK in 2023 and invested in a new luxury office campus described as an ‘adult vacation resort.’
Fleek, a UK-based startup digitizing the secondhand fashion industry, raised $25 million in a Series B round led by Burda Principal Investments. The company uses AI tools to automate textile sorting, grading, and merchandising, connecting wholesale suppliers with global retailers. The funding will accelerate AI development and platform expansion.
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.
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.
Andercore, a German startup, secured 30 million in funding as part of its latest financing round.
Sherpa.ai, a leader in AI applied to data privacy and security, announced a 15.75 million euro funding round to develop AI platforms for large corporations and governments, focusing on data sovereignty.
The Dutch Ministry of Defence partnered with Intelic to adopt a software-first strategy for military drones, aiming to enhance interoperability and reduce deployment timelines. The three-year agreement focuses on integrating diverse drone systems using Intelic’s NEXUS command-and-control software, which has been tested in Ukraine.