The percentage of startups establishing a US presence prior to their series A funding round has surged from 33% to 64% over the past five years. For founders from Central and Eastern Europe (CEE), this trend is even more pronounced, with 50% of CEE startups actively expanding their footprint in the US market early on, highlighting an increasing need for support in global startup scaling.
TS Anil, who has served as CEO of Monzo for over five years, is stepping down from his position. He will be succeeded by Diana Layfield, a former Google executive with extensive banking experience.
London-based Solidatus, a data lineage solutions provider, has obtained a £5 million loan from Salica Investments' Growth Debt Fund. The funding will support research and development activities and fuel the company's growth initiatives in global data governance management.
During H1 2025, European robotics companies secured €618.7 million in funding through 33 deals. This accounts for about 1.8% of the total European tech capital of €33.7 billion and 1.7% of all tech deal transactions, which totaled 1,941 deals in the period.
Hyperdrives, a deep-tech startup based in Munich, is revolutionizing electric vehicle motor cooling by developing a manufacturable direct-conductor technology. The company focuses on creating the next generation of high-performance electric drives and demonstrates that significant commercial success can be achieved without reliance on venture capital.
Swedish legal technology company Legora has successfully raised $150 million in its Series C funding round, leading to a company valuation of $1.8 billion. The funding round was spearheaded by Bessemer Venture Partners and included participation from existing investors.
Bending Spoons, the Italian technology conglomerate known for acquiring and revitalizing tech brands, announced it has raised $710 million in an equity fundraising round, reaching a valuation of $11 billion. This announcement comes just one day after the company's acquisition of AOL, highlighting its aggressive expansion strategy in the tech sector.
SpinDrive, a Finnish company specializing in active magnetic bearing (AMB) systems, has obtained new growth capital from existing investors Rhapsody Venture Partners and Innovestor. Established in 2015, SpinDrive aims to scale its magnetic bearing technology to promote cleaner industrial operations.
Copenhagen-based Formalize has successfully raised €30 million in a Series B funding round. The investment was co-led by Acton Capital and Blackfin Tech, with additional participation from West Hill Capital and CIBC Innovation Banking. This new capital injection aims to support Formalize in advancing its compliance technologies throughout Europe. Previously, the company had raised €5 million in earlier rounds.
EPFL spin-off MoleSense has raised €156,000 (CHF 150,000) from Venture Kick to advance the development of molecular wearables tailored for maternity care. These innovative devices aim to continuously and non-invasively monitor critical biochemical markers, enhancing maternal and fetal health management.