ElevenLabs raises $500M, Soundtrack acquires Tunify and Ambie, and Germany tops January figures
European tech witnessed significant investment and strategic moves in early 2026, with a total of over €1.4 billion flowing into more than 70 tech funding deals. Notably, ElevenLabs secured a substantial $500 million, signaling its ambition towards an IPO and highlighting the growing interest in AI-driven voice technology. These figures underscore a robust period for European startups, particularly in sectors like AI and climate tech, with Germany leading in investment activity for January. Several key acquisitions reshaped the digital landscape, including Spotify-backed Soundtrack's move to acquire Tunify and Ambie, aiming to bolster its local presence with global scalability. This consolidation trend indicates a strategic push for European companies to gain market share and offer comprehensive services. The digital infrastructure and software sectors also saw activity, with UK2 Group being acquired by Your.Online and TNS completing its purchase of BT Radianz, reflecting ongoing M&A within critical tech services. The venture capital landscape is also dynamic, with significant fund closures indicating strong investor confidence in deep tech and climate-focused innovation. Constructor Capital launched a $110 million fund for science-first founders, while Mundi Ventures closed its largest fund to date at €750 million for deep tech and climate initiatives. These investments are crucial for fostering European digital sovereignty and supporting the development of homegrown technological solutions, particularly in AI and sustainable technologies.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.