European Tech Funding Tops €1.8B as EU Inc Reform Faces Setbacks
More than 65 deals worth over €1.8 billion were tracked across Europe this week, led by ID Finance's €545M raise, as campaigners warn the EU Inc framework is being weakened.
AfroEuropa Newsroom
AfroEuropa desk
European tech companies drew more than €1.8 billion across over 65 funding deals this week, alongside at least five exits and M&A transactions, according to a round-up published by Tech.eu.
The largest disclosed round came from Spain-based ID Finance, which secured €545 million in debt and equity. In the UK, CMR Surgical reached a £300 million investment deal, while Ireland's EZO raised €150 million in debt financing. Salience Labs, also based in the UK, took in $125 million to expand its work on photonic chips aimed at AI data centres.
Several acquisitions were also recorded. Accenture acquired UK customer intelligence firm Sagacity to bolster its AI and data capabilities, and France's 3Pay was named among the week's deals.
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