Elvy raises €500M for next-gen energy, Tekpon buys TNW, and €4.6B funding as fintech dominates November

European tech funding remained robust in November, with €4.6 billion invested across the continent, led by the UK. Fintech companies attracted the most capital, signaling continued growth in digital payment solutions and related financial technologies. This surge in investment highlights the dynamic nature of the European tech scene and its increasing appeal to both local and international investors. Several significant funding rounds and acquisitions marked the month. Elvy, a Swedish company focused on next-generation energy solutions, raised €500 million. Finnish company Iceye secured €150 million in Series E funding, and Fal, a Turkish company, secured $140 million in Series D funding. Notable acquisitions included Mollie's €1.05 billion purchase of GoCardless. These developments demonstrate the diverse range of innovation across Europe, encompassing energy, fintech, and AI. The investments and acquisitions reflect a strong interest in digital transformation and the development of European alternatives to services. This trend underscores Europe's growing ambition to be a leader in technology.