UK telecom company TalkTalk secures £100M, Klarna receives a UK EMI license, and the European DIGITAL SME Alliance voices opposition to the EU-US trade deal.
European Tech Ecosystem Thrives with Over €967 Million in Funding Deals
In the past week, the European tech ecosystem has witnessed a significant surge in funding activity, with over 50 deals recorded and a total value exceeding €967 million.
One of the most notable deals saw Roadsurfer secure €85M, while IoT startup Uniot received $25,000 from YEP Accelerator. Another significant funding round of €967 million was tracked across Europe this week.
The Greek Guarantee Fund mobilised €600 million, having a major impact on Small and Medium-sized Enterprises (SMEs). Cambridge Innovation Capital also committed £100M to University of Cambridge spinouts.
Klarna was granted a UK Electronic Money Institution (EMI) licence, and BlackWood Ventures closed its debut fund at $25M to back Europe’s next-gen founders.
In the realm of mergers and acquisitions, Pina Earth and Tree.ly merged to create Europe’s largest forest carbon platform. Manchester-based Hydrogen Safe was acquired by IACS, and The Pasching-based pet tracking scaleup Tractive is acquiring its US competitor Whistle.
Fal.ai raised $125M at a $1.5B valuation, and Google is set to sign the EU’s AI code of practice. The UK’s AISI launched a coalition to protect against advanced AI, and Cultipharm closed a $1M round.
TalkTalk secured a £100M funding injection from Ares, and Montagu will acquire digital retail solutions provider IAI Group.
In other news, Ore Energy connected the world's first grid-connected iron-air battery in Delft. Tilla raised €2M to accelerate global growth of its crew logistics platform. Cofides (FOCO) invested €90M to boost the growth of Proeduca.
German AI startup Cognigy was acquired by US customer service firm NiCE in a near $1B deal. Chasing tech milestones, not just capital: key lessons from the Deeptech Hardware Napkin. SASHA's mission is to end image-based abuse and is reshaping the digital world. Fluid Focus raised £640,000 to grow its screen time productivity app globally.
Coinvest Capital backed Psylink's next-gen mental health biotech solution with €501,521. A US-based AI platform, AIxBlock, received a €1.5 million EU grant aimed at expanding privacy-focused AI solutions in Europe and is pursuing an additional €61.5 million funding for Italian data centers.
August 2025 also features 16 Cascade Funding opportunities tailored for SMEs, startups, universities, researchers, and local authorities, focusing on innovation areas such as open internet solutions and digital payment systems, with funding up to €50,000 per project.
New EU calls for proposals support innovation in renewable energy, robotics, digital transformation training, and Industry 5.0 experimentation, offering funding from hundreds of thousands up to several million euros per project.
The European tech ecosystem continues to see robust funding activity and support for innovative projects across diverse sectors including AI, telecom, digital payments, renewable energy, and advanced industrial technologies.
The European tech ecosystem continues to support innovative deeptech projects, with a significant funding round of €967 million recorded this week. Cambridge Innovation Capital, for instance, committed £100M to University of Cambridge spinouts. Furthermore, the newsletter highlighted that SASHA, a mission-driven company, aims to end image-based abuse and is reshaping the digital world.
