AI Startups Across Europe and Beyond Draw Fresh Funding Rounds

Reykjavík-based Treble raised approximately €15 million ($18 million) in a Series A-2 round led by Paladin Capital Group, with existing backers KOMPAS VC, Frumtak Ventures and the European Innovation Council Fund participating. The round follows an €11 million Series A announced in September 2024 and brings Treble's total funding to €36 million. Founded in early 2020 by acoustic engineers Dr. Finnur Pind and Jesper Pedersen, Treble operates a cloud-based platform that simulates how sound behaves in real-world spaces to generate synthetic audio datasets and digital twins of rooms, vehicles and devices.

German PropTech company syte closed a €9 million Series A round led by amberra, the venture studio of the Cooperative Financial Group Volksbanken Raiffeisenbanken, with NRW.BANK joining as a new investor. Existing backers including companies linked to the Schwarz Group, High-Tech Gründerfonds, vent.io and Vantage Value also took part. Based in Münster and founded in 2021 by Matthias Zühlke and David Nellessen, syte runs an AI-driven platform that combines land and real estate data to help developers, banks and brokers assess what can be built on a plot, which regulations apply and whether a project is economically viable. The company says its platform can cut assessment processes from weeks to minutes, is available across Germany and covers more than 62 million properties. The company raised €5 million in seed funding in September 2024.

Leeds-based MicroLub completed an €8.7 million ($10 million) round led by Northern Gritstone, with all existing investors participating, including NPIF II - PXN Equity Finance, managed by PXN Ventures under the Northern Powerhouse Investment Fund II. Founded in 2023 by Professor Anwesha Sarkar of the University of Leeds, MicroLub develops protein-based biolubricant technologies designed to replace fats and oils in food and personal care products while preserving taste and texture.

Barcelona-based Health Force raised €4.2 million in seed funding led by LUMO Labs, with Step Venture, Next Tier Ventures, Target Global and Calm/Storm also participating. Founded in Vienna in 2022 by Fadi Haddad and Dr. Juan Suárez, the HealthTech startup builds enterprise-grade AI agents that automate administrative work for hospitals and clinics, operating under human supervision to manage end-to-end processes.