Fincantieri, an Italian shipbuilding giant, acquires a 61.95% majority stake in WSense, a Rome-based deeptech scaleup specializing in underwater communication systems. The acquisition follows prior investments and a 2026 strategic partnership. WSense will maintain operational autonomy while leveraging Fincantieri’s industrial expertise and global markets.
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.
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.
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.
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.
Sniph, a perfume brand founded by Tara Derakshan, has turned to profit after several years, described as ‘an important milestone’. However, revenues have remained stagnant for years.
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.
French hospitals and startup Kiro launched OPTIMABIO, an AI project to improve hospital biology test prescriptions. The initiative, funded by Marseille, Lyon, and Limoges hospitals, aims to transform routine medical decisions using artificial intelligence.
CTHINGS.CO, a Warsaw-based tech firm specializing in Edge AI, IoT, and distributed infrastructure orchestration, raised 8 million PLN from Navivo Capital Poland. The funds will accelerate North American expansion, sales growth, and platform development.
Sanoma, a European media and education company listed on Nasdaq Helsinki, acquired 100% of Fluentbe’s shares to expand its educational offerings in Poland and Europe.