European Startups Draw Cross-Border Backing for Care, Space and Fintech

In Paris, spacetech startup ArcSpace closed a round of over €2 million to fund its next stage of growth. The company, founded in 2022, develops technology for in-orbit satellite repair, assembly and servicing. Its proprietary Electron Beam technology enables joining, welding and cutting directly on spacecraft and lunar rovers. The round was led by DEPO Ventures through its DEPO Ventures One fund, alongside SCE Freiraum Ventures, IRDI Capital Investissement and a French business angels network.

Amsterdam-based Neno, an AI-native financial services startup for small and medium-sized businesses, raised €6.6 million in Seed funding. The company plans to launch a research unit, grow its accounting and tax teams, and expand into new European markets in 2027. The round was led by New York venture fund AlleyCorp, with participation from Motive Partners, Firstminute Capital and angel investors including executives from Hugging Face, Mollie, Coinbase and PayPal. Neno, which launched in the Netherlands in the first quarter of 2026, has grown to almost 200 customers and aims to fold accounting, tax, payroll and business banking into a single workspace.

Kenyan Startup Twiga Foods Enters Administration After Financial Strain

Twiga Foods, one of Kenya's most heavily funded startups, has entered administration following years of financial pressure and restructuring efforts.