European Tech Funding Roundup: Nauta, OMass and Microbiotica Draw Capital

A wave of October 2026 funding rounds spanning venture capital, biotech, fintech and AI tooling spread across the UK, Ireland, Norway and France, with the British Business Bank a recurring backer.

AfroEuropa Newsroom

AfroEuropa desk

Oct 16, 2026 3 min read 38

A series of funding announcements in October 2026 highlighted continued capital flows into European technology and life sciences companies, with several rounds crossing national borders and the UK's British Business Bank appearing as a common investor.

Venture capital and biotech

Nauta Capital, a firm with offices in London and Barcelona, announced a first close of 60 million euros for its sixth venture fund on 15 October 2026, according to Ventureburn. The fund will target European B2B software and deep tech founders from pre-seed to Series A. Nauta is aiming to raise between 150 million and 200 million euros by the second half of 2027, which would bring assets under management to roughly 750 million euros. The British Business Bank contributed 30 million euros, half of the initial close, marking its fourth consecutive investment in a Nauta fund. Other participants included SETT, Merifin Capital, Institut Catala de Finances, the European Investment Fund and Germany's KfW Capital. Nauta said about three-quarters of investors in the first close had backed earlier funds.

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Fintech, AI and hardware

Norwegian open finance provider Neonomics raised 3.55 million euros (4 million dollars) from existing shareholders, EU-Startups reported, though the identities of participating investors were not disclosed. Founded in Oslo in 2017, Neonomics operates a payments and financial-data infrastructure platform connecting businesses to more than 3,500 banks across Europe. The company said on its website it has raised over 44.39 million euros to date.

Dublin-based enterprise learning platform LearnUpon secured a 44.5 million euro (50 million dollar) growth financing facility from London-based Claret Capital Partners. LearnUpon, which also operates from London, Philadelphia, Salt Lake City, Sydney and Belgrade, is expanding its platform toward agentic AI for corporate learning.

Strasbourg-founded, Los Angeles-headquartered startup Goodweek raised a 10.69 million euro (12 million dollar) seed round led by Spanish firm Adara Ventures, with participation from Anamcara Capital, BGV, BY Venture Partners, CentraleSupelec Venture, FJ Labs, Interlace Ventures, True Ventures and Bpifrance. Goodweek positions itself as an AI management platform for small and medium-sized businesses.

London-based Unravel Health raised 2.96 million euros (2.5 million pounds) to develop the Micro Lab, a palm-sized device designed to read multiple hormones from a saliva sample. The round was led by Conduit EIS Impact Fund and Wrightwood, with Leo Capital, Embryo Ventures, Hermesa and returning investor Zinc VC. The technology was developed over a decade at the University of Glasgow.

On the US and UK side, Harmonic Security, based in San Francisco and London, raised 50 million dollars in Series B financing led by Crosspoint Capital Partners, bringing its total capital raised to 76 million dollars, Ventureburn reported. The company builds software to monitor and control employee use of AI tools. Separately, North.cloud raised 60 million dollars in Series B funding led by Peak Span Capital to expand its financial operating system for cloud, AI and data spending; the company says it has helped customers save more than 400 million dollars across nearly 2 billion dollars in managed cloud spend.