Legora's valuation jumps to $8.8 billion as European tech funding recovers
Legora completes $550 million funding round, valuation jumps to $8.8 billion. This week, over 65 European tech funding deals were tracked, totaling more than €1.5 billion, plus 4 exit deals; overall European tech funding recovered to €27.8 billion, driven by multiple billion-euro mega-rounds.
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This week, we tracked more than 65 tech funding deals worth over €1.5 billion and 4 exits, M&A transactions, rumours, and related news stories across Europe.
We also released our Q3 report offering data driven insights into the last three months. The report is free for all Tech.eu readers.
❗ Want to explore the data in more detail? The free, open-access Tech.eu Funding Explorer offers deeper insights into funding rounds, investor activity, company profiles and market trends.
Either way, let's get you up to speed.
💸 Notable and big funding rounds
🇸🇪 Legora’s valuation leaps to $8.8B as it raises $550M
🇫🇷 Scaleup Europe Fund leads £250M funding round in Pigment
🇬🇧 iwoca secured a credit line of €185M
🇪🇪 Blackwall hits $2.2B valuation with $100M Series C just weeks after joining Estonia's unicorn club
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇳🇱 Omnidocs acquires WoodWing and becomes one of Europe's largest players in document management
🇩🇪 Workflex is acquiring rhome
🇬🇧 Standard Chartered to acquire Zodia Custody
🚀 Interesting moves from investors
💰 Nvidia invests in four german startups as part of 10bn european investment pledge
💸 German VCs call for €15B annual funding boost to build the next generation of tech giants
💸 EIT launches €40M funding call to help bring university deep tech research to market
💵 The FSE Group launches £70M+ London growth fund to back underserved scaleups
💰 Seaya raises €600M for new growth fund to back Europe's next global tech leaders
🗞️ In other (important) news
🇪🇺 Europe's tech funding rebounds to €27.8B, fuelled by billion-euro mega-rounds
🤖 Former Google DeepMind top researcher launches London “compute-efficient” AI company
🛥️ Silent sailing, noisy generators: Hydrogen startups PowerUP and H2Boat tackle yachting's diesel problem
📡 Recommended reads and listens
🇩🇪 Novus secures eight figure funding to take its electric lightbike from Germany to California
🐕🦺 TechWolf co-founder: Ghent flywheel "super important”
🩺 Brain fog, missed diagnoses, and lost careers: The menopause gap Cerebella wants to close
⚡ Stealing EV cables is big business. This company wants to make it too much effort to bother
🔭 European tech startups to watch
🇮🇹 Ganiga secures €2.5M to expand its AI-powered food waste technology
🇹🇷 Arke Telekom lands €1M from ACT Venture Partners to advance drone communications
🇬🇧 Go Eve secures £750,000 to advance its DockChain EV charging technology
🇳🇴 Jenz lands €540,000 in pre-seed funding and received €92,000 startup grant from Innovation Norway
🇩🇪 Körber takes stake in bootstrapped German robotics startup NAiSE