€6.1 billion was invested in European tech last week
Last week, we tracked more than 80 tech funding deals worth over €6.1 billion, and 5+ exits, M&A transactions, and rumours; all alongside a host of related news stories across Europe.
The majority of that hefty €6.1 billion figure goes to H2 Green Steel and its closing of a €4.5 billion (€4.2 billion debt, €300 million equity) financing round. In addition to the company's revolutionary approach to steel production, one that is hydrogen-powered amongst others, H2 Green Steel has connections to Northvolt, both companies a member of Sweden's Midas-touch fund Vargas.
Meanwhile, last week saw the Czech Republic make an appearance among the top 10 highest-funded countries. Prague-based startup, Better Stack contributed to this, with a $10 million raise in new capital aimed at helping the startup go from making a profit to making a mint.
This statistic, alongside a comprehensive review of January's numbers, will soon be available in our monthly report.
Until then, let's get you up to speed.
💸 Top funding rounds
🇸🇪 H2 Green Steel secures over €4.5B
🇬🇧 Essex AI data centre firm completes £206M debt raise
🇨🇭 Carvolution secures €212M investment
Become a Tech.eu Insights member and gain access to the complete list of deals.
🫱🏽🫲🏻 Noteworthy M&A activities
🇩🇪 Octopus Energy's tech arm, Kraken, acquires Berlin startup Kwest
🇬🇧 Welcome to the Jungle acquires job search platform Otta
🇹🇷 TapNation acquires AI-powered UAhero to boost monetisation
🚀 On the investor front
🇬🇧 Plural launches a new €400M fund to back world-changing startups
🇬🇧 UK SME manufacturers invest £22M in tech with Made Smarter support
🇵🇹 Lince Capital launches a €146M fund to invest in Portuguese startups
🇸🇪 Feminvest launches SEK100M fund - will invest in companies owned by women
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🇩🇪 Cherry Ventures' new partner: Dinika Mahtani's impact on UK investment strategy
🗞️ Top-line news items
🇩🇪 HR tech unicorn Personio reshuffles Product and Technology department — 100 employees let go
🇬🇧 Google’s $1bn Hertfordshire data centre a ‘vote of confidence in the UK’
🇳🇱 Meatable submits dossier to hold the Netherlands' first legal cell-cultivated meat tasting
🇫🇷 French regulator fines Amazon $35M over its surveillance system of warehouse workers
🇪🇺 Meta to let EU users deny cross-site tracking as Digital Markets Act bites
📡 Recommended reads, listens, and views
🇬🇧 10x Banking founder Antony Jenkins says banking tech startup “on track” to triple client roster by 2025
🏴 25 innovative tech startups from Scotland
🇩🇪 Not Canva, not Adobe, Kittl's approach to graphic design attracts $36M investment
🇩🇪 Death of an accidental IT admin: Atomico leads $6.5M seed round in IT-as-a-Service provider deeploi
🇬🇧 London-based musictech startup Setmixer provides venues and artists with studio-quality recordings of live shows
☝️European style — lunar edition
This week The European Space Agency (ESA) unveiled its plan for what a long-term structure on the Moon might look like. And it looks cool AF.
The agency partnered with Australian-HQ'd architectural firm, Hassell, the studio behind countless inspiring designs dotting the globe, to design a conceptual base that could live up to the multiple technical constraints, the least of which is the lunar regolith, i.e. the mixture of rock and dust that constitutes the moon's surface.
Dubbed the Lunar Habitat Master Plan, the scalable system is designed to play home to 144 people and in addition to residential space, include sports arenas, restaurants and large greenhouses conjoined as a series of inflatable pods that could be partly constructed from moon materials and 3D-printed on site.
Sign. Me. Up! 🚀