Amid major funding rounds and acquisitions, several important startup developments may have gone unnoticed.

From AI-driven sustainability platforms and biotech breakthroughs to advancements in VFX automation and 3D commerce, this week saw a range of companies securing investments and expanding their technologies.

Here’s a quick roundup of funding announcements and acquisitions shaping industries across Europe.

Leafr secures €726K

London-based Leafr has closed an oversubscribed £600K (approximately €726K) funding round to enhance its AI-driven sustainability marketplace and expand its network of over 1,000 vetted specialists. 

The company connects businesses with sustainability consultants, providing the right expertise at the right time to help them achieve their climate goals. By scaling climate expertise, the platform enables organisations to accelerate action and drive lasting impact.

The latest funds will support Leafr’s growth across the UK, EU, and US, enabling more companies to access the resources needed to decarbonise effectively while maximising impact and return on investment.

Ignota Labs secures €6.6M

London-based Ignota Labs, an AI-driven drug turnaround company, has raised £5.5M (nearly €6.66M) in a seed funding round co-led by Montage Ventures and AIX Ventures, with participation from Modi Ventures, Blue Wire Capital, and Gaingels.

The funding will support the acquisition of additional distressed drug assets and advance early-stage clinical trials for its first asset, a PDE9A inhibitor.

The company’s AI platform, SAFEPATH, aims to address drug safety challenges by identifying the mechanisms behind toxicity, providing insights to refine or repurpose drug candidates.

Belgian startup Salvus Health raises €500K

Salvus Health has secured €500K in funding from a group of Belgian investors to accelerate its expansion and prepare for a European rollout. The investment will support growth in Belgium and the recruitment of commercial talent.

Salvus Health offers a smart service platform that helps pharmacists streamline operations by automating tasks such as appointment scheduling and reminders. 

Its integrated CRM system enables targeted patient communication and medication adherence tracking. Designed for seamless integration with third-party platforms, the software aims to enhance efficiency and allow pharmacists to focus on their advisory role.

ctrl+s secures €1M in seed funding

Berlin-based ctrl+s GmbH has secured €1M in seed funding, led by High-Tech Gründerfonds (HTGF) and supported by industry experts. The investment will support the scaling of its technology, which helps businesses measure and reduce supply chain emissions more efficiently.

With 80 per cent of corporate emissions coming from supply chains and increasing regulatory pressure to track Scope 3 emissions, ctrl+s aims to eliminate data gaps, identify emission hotspots, and enable scalable decarbonization with minimal manual effort.

ZeroNorth secures over €48.1M

Copenhagen-based technology company ZeroNorth has secured over $50M (nearly €48.19M) in its Series B funding round, with investment from PSG Equity, alongside existing investors A.P. Moller Holding and Cargill. 

The funding will support ZeroNorth’s expansion, product innovation, and M&A activities to enhance its platform.  

ZeroNorth’s technology helps the global shipping industry reduce CO2 emissions while maintaining commercial performance. The company aims to cut over half a million metric tonnes of CO2 in 2022 by leveraging data-driven insights to optimise global trade.

Vev acquires TIME’s website builder SITES

Oslo-based Vev, a no-code design platform for interactive content, has announced the acquisition of TIME’s website builder, SITES. This marks a rare instance of a European female-founded company acquiring a well-established US firm.

The acquisition strengthens Vev’s position in the US market and accelerates its goal of becoming a leading content builder for organisations seeking to streamline interactive content production. Vev’s platform enables companies to create full websites or embeddable content without coding, serving clients such as LIDL US, Schibsted, and Pfizer.  

SITES, previously known as Brandcast, was acquired by TIME in 2022 and specialises in personalised digital experiences for business teams. By integrating SITES’ capabilities, Vev aims to enhance its offerings for global customers, further expanding its reach across 40 countries.

Monument Therapeutics has raised £850K

England-based Monument Therapeutics, a neuroscience company using digital biomarkers for psychiatric drug development, has raised £850K in funding led by ACF Investors, with participation from Wren Capital, o2h Ventures, and angel investors. 

The investment will support the company’s schizophrenia programme and further growth.

Monument Therapeutics is developing MT1988, a fixed-dose combination drug targeting cognitive impairment associated with schizophrenia (CIAS), a condition affecting memory, attention, and executive function. 

With pre-clinical results, MT1988 aims to enhance cognitive function while minimising side effects, complementing existing antipsychotic treatments.

Embat acquires Necto

Madrid-based fintech company Embat has acquired Necto, a US-based company in premium bank API connectivity, to enhance its real-time treasury management platform. 

The acquisition expands Embat’s ability to provide seamless banking data access, instant payments, and automated financial processes for mid-sized and large enterprises.

With this move, Embat strengthens its presence in key markets, including the UK, Spain, and the DACH region, while expanding integrations with major financial institutions such as JP Morgan, Citi, Barclays, and Deutsche Bank. 

The acquisition also enhances Embat’s AI-driven automation, reducing operational workload and improving cash visibility for corporate finance teams.

Fuse Vectors secures $5.2M

Fuse Vectors, a Copenhagen-based biotech startup, has raised $5.2M in pre-seed funding led by HCVC to advance its cell-free viral vector technology, aiming to modernise gene therapy production. 

While gene therapy research progresses rapidly, traditional manufacturing methods remain costly and inefficient, relying on unpredictable cell-based systems. Fuse Vectors’ approach eliminates cell-based production, improving viral vector quality, reducing costs, and accelerating development. 

The company plans to develop its own gene therapy pipeline while collaborating with pharmaceutical, biotech, and academic partners to optimise drug candidates. The funding will accelerate platform development and expand the accessibility of AAV gene therapies for a wider range of diseases.

OneUp Sales secures £1.5M

England’s OneUp Sales has secured £1.5M in funding from the Midlands Engine Investment Fund (MEIF) and Mercia Ventures to expand its customer base in the US and further develop its platform.  

Founded in 2016 by former game developers Derry Holt and James Heath, OneUp Sales uses gaming technology to track sales data, provide performance insights, and motivate teams through automated competitions. The company employs 40 people and serves over 350 customers, including Hitachi Vantara and major recruitment agencies.  

With annual recurring revenue (ARR) of £2.7M, this latest round brings OneUp Sales’ total funding to over £5M as it continues its international growth.

Terrafame secures €100M

Finland-based Terrafame has secured a €100M financing arrangement to support its investment programme over the coming years. 

The deal includes a €100M financing package from its main owners—Finnish Minerals Group and the Galena funds—comprising a €50M shareholder loan and a €50M equity financing commitment. Additionally, Terrafame has agreed to a €50M advance payment arrangement with Trafigura.  

As part of the agreement, the company has also extended the maturity of its existing €250M bank loan and a €65M revolving credit facility from Finnish Minerals Group by one year, with the new maturity set for December 2028.  

Terrafame reduces the carbon footprint of transport by supplying responsibly produced battery chemicals. The company claims to operate as one of the world’s largest production lines for electric vehicle battery chemicals, producing nickel sulphate for approximately one million EVs annually, with one of the lowest carbon footprints in the industry.

Nomagic secures $44M

Warsaw-based Nomagic, a provider of AI-powered robotics for warehouses and fulfillment, has closed a $44M investment round. The funding will support the company’s expansion across Europe over the next two years and further advancements in its AI and robotics technology.

With increasing demand from sectors such as fashion, pharmaceuticals, general merchandise, and groceries, Nomagic plans to scale deployments and multiply the number of sites operating with over 10 robots.  

The round was led by the Venture Capital arm of the European Bank for Reconstruction and Development (EBRD), with continued support from existing investors Khosla Ventures and Almaz Capital, as well as previously secured venture debt from the European Investment Bank (EIB).

Nomagic specialises in AI-driven robotic solutions that enhance automation in logistics and fulfillment, helping businesses improve productivity and reduce operational costs.

MytripleA secures €30M

Spanish alternative financing platform MytripleA has secured €30M in funding from BBVA Spark. This strategic investment will support the company’s expansion of financial solutions for businesses while providing new opportunities for its 8,500 investors.

Founded in 2013 by Jorge and Sergio Antón, MytripleA connects companies seeking financing with private investors looking for returns. Since its inception, thousands of Spanish businesses have accessed funding through the platform, while investors have benefited from lending directly to the real economy.

VRAI secures €5M

Dublin-based simulation data company VRAI has raised €5M in a new investment round to support its expansion into the US, double its workforce from 25 to 50, and triple its annual revenues over the next three years.

Founded in 2017, VRAI provides human performance data products for simulation training to major clients, including Kongsberg, BAE Systems, and the British Army. It also serves the offshore renewables and emergency services sectors.  

The funding round is led by transatlantic venture capital firm Beringea, which manages over $900M and will help drive VRAI’s US expansion. The company plans to use the funds to establish a US office, tapping into the market for immersive technologies in aerospace, defence, and security. Other investors in this round include Enterprise Ireland, Northstar Ventures, and several leading Irish family offices.

Hydrogenious LOHC secures over €17M

Bayern-based Hydrogenious LOHC has raised over €17M in its latest financing round, with continued backing from key investors, including AP Ventures, Temasek, Winkelmann Group, Covestro, Chevron Technology Ventures, and Anglo American Platinum Group Metal. 

Founded in 2013, the company claims to be a pioneer in hydrogen storage and transport solutions. It supports industrial decarbonisation and the growth of the hydrogen economy.

The funding will support the expansion of its Liquid Organic Hydrogen Carrier (LOHC) technology and accelerate key projects.

The company has restructured its leadership team as part of a strategic realignment. Founder Dr. Daniel Teichmann will now serve as Executive Chairman, overseeing long-term strategy and financing. Dr. Andreas Lehmann has been appointed CEO, while Dr. Caspar Paetz remains CTO. Additionally, Dr.-Ing. Stefan Buerkle joins as COO, bringing over 20 years of experience in engineering and contracting.

With this financial boost and strengthened management, Hydrogenious is advancing major projects, including the industrial-scale LOHC hydrogenation plant at Chempark Dormagen and the IPCEI ‘Green Hydrogen Blue Danube’ initiative.

Medly AI raises £1.7M

London-based Medly AI has secured £1.2M in a funding round led by Eka Ventures, bringing its total raise to £1.7M with additional support from Ada Ventures. The funding will help scale the platform’s mission to democratise education through AI-driven personalised learning.  

Since launching last year, Medly AI has attracted over 30,000 active students. The platform has been particularly effective in helping over 10,000 students improve their GCSE scores by tailoring learning experiences to individual needs.  

Institutional partners, including UCL, Innovate UK, Microsoft, and Google, have also contributed £400K toward operational costs.

BiOceanOr secures €2M

France-based BiOceanOr has raised €2M in a funding round backed by GO CAPITAL, The Yield Lab, and Caisse d’Epargne Côte d’Azur. The investment will support the company’s mission to transform AI and biology into actionable insights for the global aquaculture industry.  

Specialising in data-driven water quality forecasting, BiOceanOr leverages in-situ data, local models, satellite imagery, and fish welfare expertise to help fish farmers anticipate water quality issues rather than react to them. 

Its AquaREAL platform and APIs analyse and predict key metrics, such as dissolved oxygen levels, temperature fluctuations, and harmful algal blooms (HABs), improving fish growth, welfare, and risk management.

With this new funding, BiOceanOr is set to expand its impact, driving more efficient and sustainable operations in aquaculture worldwide.

Napo Pet Insurance raises £12M

London-based Napo Pet Insurance has secured approximately £12M in its Series B funding round to further its mission of transforming pet insurance in the UK. The investment will drive advancements in AI-powered claims processing, expand coverage offerings, and scale its impact on pet health and well-being.  

Unlike traditional insurers that strip down policies for price competitiveness, Napo prioritises comprehensive and transparent coverage. The company is also enhancing its AI-driven claims system, which already settles nearly 50 per cent of claims instantly, ensuring faster support for pet owners.  

With 100,000 insured pets on the horizon, Napo aims to redefine pet insurance beyond financial protection by promoting preventative care, education, and overall pet well-being. This latest funding will help the company continue its push toward fairer, more efficient, and customer-first pet insurance.

Fibbl secures €3M

Stockholm-based Fibbl, a platform for brands to integrate 3D and AR into their commercial processes, has raised €3M in additional funding to support its expansion and technology development. 

The investment was led by Industrifonden and will be used to scale production capacity, improve platform capabilities, and support more brands integrating 3D and AR into e-commerce.

The Swedish company creates 3D models of physical products, replacing traditional product images and videos with interactive features like 3D viewers and virtual try-ons. The platform also supplies content creators with 3D files for marketing and CGI production.

With this funding, Fibbl plans to expand its 3D model production and advance its technology to support digital commerce. The company focuses on making 3D solutions accessible and scalable for footwear and bag brands across Europe.

RETìníZE secures £1.6M

Belfast-based RETìníZE, a creative-tech company working across AR, VR, AI and software development, has raised £1.6M in new funding, backed by QUBIS Ltd, Innovation Ulster, and existing investors. 

The investment will support the growth of Animotive, the company’s VR-based SaaS platform for 3D animation production.

RETìníZE develops technology across AR, VR, AI, and software, with a focus on real-time immersive animation. Animotive uses spatial computing, generative AI, and real-time rendering to streamline animation workflows and reduce production costs.  

With this funding, the company aims to expand the reach and capabilities of its animation platform.

Electric Sheep secures smart grant

London-based AI tech startup Electric Sheep has secured a £500K Smart Grant from Innovate UK to support the development of Spotlight V3, its next-generation AI-driven rotoscoping tool, set for launch in early 2025.

Rotoscoping, a key process in visual effects (VFX) production, involves segmenting objects or backgrounds in video for seamless integration of effects. The industry faces increasing demand for high-quality content with tighter budgets and timelines. Electric Sheep’s Spotlight V2 automates rotoscoping, reducing processing time from eight hours per second of footage to 15 minutes.  

The company specialises in AI solutions for VFX production. With experience in projects for Netflix, Amazon, and Disney, the company develops technology to improve speed, scale, and efficiency in post-production workflows.

OrganOx completes $142M equity funding

Oxford-based OrganOx has completed a $142M equity financing round to expand its metra platform technology in the global organ technology market. 

OrganOx develops technologies to improve outcomes for patients with organ failure. Its metra platform, a normothermic machine perfusion (NMP) system, is approved in the US, Europe, Canada, and Australia. The system keeps donor livers metabolically active outside the body, allowing functional assessment before transplant and increasing the number of viable organs. To date, it has been used in over 5,000 liver transplants.

The oversubscribed round was led by HealthQuest Capital, with participation from existing investors BGF and Lauxera Capital Partners, as well as new investors Sofina, Soleus Capital, and Avidity Partners. Additional investors include the University of Oxford, Technikos, the Oxford Technology and Innovations Fund, and Longwall Ventures.

The company is preparing for US clinical trials of its investigational metra technology for kidney transplants. In partnership with eGenesis, Inc., OrganOx also plans to launch a first-in-human clinical study using its technology with genetically engineered porcine livers to support patients with acute-on-chronic liver failure.

Videobot secures €2.8M

Helsinki-based Videobot, a Video Experience (VX) platform for business, has raised €2.8M in funding from Volta Ventures, Expon Capital, and Superhero Capital to further develop its platform. The investment will support platform enhancements, deeper workflow integrations, and expanded development capabilities.  

Videobot focuses on making video content more scalable and efficient across customer interactions, aiming to bring automation to video marketing. The company works with businesses to modernise customer experiences by integrating video into various touchpoints.  

TrackSights secures funding

Copenhagen-based TrackSights has raised its first funding round to develop an intelligence platform for the automotive industry. The investment will support the platform’s development in collaboration with industry professionals, aiming to enhance data accessibility and decision-making.  

TrackSights provides automotive market insights to simplify industry complexities. The platform focuses on areas such as pricing, fleet management, and risk assessment, offering data-driven tools to improve efficiency.

uFraction8 secures €4.1M in funding

Biotech engineering company uFraction8 has raised £3.4M in a funding round led by Foresight Group. Additional investment came from Old College Capital, Scottish Enterprise, Alwyn Capital, Thia Ventures, and a grant from the Polish Agency for Enterprise Development.  

Headquartered in Falkirk, UK, with a subsidiary in Poznan, Poland, uFraction8 develops microfiltration technology to optimise cell and biomass production for food, feed, and bio-based products. The company focuses on improving scalability and efficiency in bioprocessing.  

The funding will support the commercialisation of uFraction8’s technology, originally developed at the University of Edinburgh’s School of Engineering. Applications include microalgae production and bio-separation within biopharma.

TeleFlux secures €50K

TU Delft spin-off TeleFlux has raised €50K in funding from the TechScout Venture Fund CLA.

Monitoring steel structures in remote locations, such as offshore wind turbine foundations, can be difficult. Installing sensors that require direct contact is often not feasible.  

TeleFlux addresses this with contactless sensor technology, which measures stress during monopile installation. This approach supports structural durability, provides valuable data, and improves design efficiency.

The company was founded by Francesca Greco, Reinder Jorritsma, and Robert Hasselaar.

Shop Circle secures $60M

London-based Shop Circle announced the closure of its Series B funding round, raising $60M. The round was led by Nextalia Ventures, an investment fund managed by Nextalia SGR S.p.A., which oversees more than $1.6B in assets.  

Additional investors included Endeavor Catalyst, NFX, QED Investors, 645 Ventures, 3VC, CDP Venture Capital, The Techshop, Primo Capital, GS Futures, and i80 Group.  

Shop Circle provides AI-powered software solutions for businesses. The company offers a portfolio of products and services aimed at supporting digital growth across industries.