News - For Business
Daily digest of all European digital development news

Odoo tops €7 billion valuation as General Atlantic increases stake
Belgian business software company Odoo's valuation has surged to €7 billion as General Atlantic increases its stake. This secondary transaction involved General Atlantic purchasing shares from Wallonie Entreprendre, a regional backer.

NEOintralogistics secures €3M to democratise warehouse automation through RaaS
German robotics-as-a-service provider NEOintralogistics secured €3M in seed funding to democratize warehouse automation. The company's pay-per-pick model allows for quicker, more affordable automation and reduces reliance on manual labor.

French accounting software platform Pennylane raises $200M
French accounting software platform Pennylane secured $200M in a Series E round led by TCV, bolstering its AI development and European expansion. The funding values the company at $4....

Orbem raises €55.5M Series B to scale AI-powered MRI technology
Orbem, a deeptech company, secured €55. 5M to scale its AI-powered MRI technology for biological analysis....

European tech weekly recap: Tech.eu 2025 Annual Report and over €1B in funding activity
European tech saw over €1 billion in funding flow into the sector last week, fueled by more than 80 deals across the continent. The week also saw over 15 exits and mergers and acquisitions across the European tech landscape.

GeneralMind raises $12M to build AI autopilot for operational workflows
Berlin-based GeneralMind secured $12 million to build an AI autopilot for automating supply chain workflows. The AI system will execute workflows across email, spreadsheets, and ERP systems to manage tasks.

Stoïk raises €20M to strengthen its position in the European cyber risk market
French cyber insurance startup Stoïk secured €20 million in Series C funding to fortify its position in the European market. The AI-powered company, which protects over 10,000 businesses, will use the funding to expand into Central and Southern Europe.

Stilla emerges from stealth with $5M to address collaboration challenges in AI-driven companies
Stockholm-based Stilla launched with $5 million to build an AI collaboration platform for product teams. The platform integrates with tools like Slack and GitHub to provide shared context, helping teams align priorities as they scale AI adoption.

GeneralMind, AI startup founded by the team behind German unicorn Razor, secures €10.2 million just months after launch
Berlin-based AI startup GeneralMind, founded by the team behind Razor Group, secured €10. 2 million just six months after launch....

Sequoia-backed French accounting unicorn Pennylane secures €175 million as it nears profitability
Paris-based accounting unicorn Pennylane secured €175 million to accelerate AI development and expand across Europe. This funding round, led by TCV and Blackstone, aims to solidify its position as the financial OS for European SMEs and prepare for electronic invoicing in 2026.

From spare Coca-Cola machine parts to a €4 million funding round: the journey of Belgian startup Dripl
Brussels-based Dripl secured €4 million to expand its smart water dispensers across Europe, aiming for sustainable hydration solutions. The funding will boost production and expand beyond the 500 companies already using their services in Benelux.

TeamFeePay announces £9M funding round and European expansion plans
Belfast-based sports tech company TeamFeePay secured £9M in equity funding to expand its platform across Europe. The software streamlines administrative tasks for grassroots football clubs, with plans to create up to 75 new roles.

Munich’s Vanagon Ventures secures €20 million to target Europe’s pre-Seed DeepTech and AI gap
Munich's Vanagon Ventures launches a €20 million fund to invest in European pre-Seed DeepTech and AI startups. The VC firm will back B2B companies tackling system-level challenges, with initial tickets up to €500k.

Europe’s €307 million AI funding call
Brussels launched a €307. 3 million funding initiative for AI and related technologies, focusing on trustworthy AI and digital autonomy....

Vanagon Ventures closes €20M Fund I to back deeptech startups
German VC firm Vanagon Ventures closed its €20M Fund I to back deeptech startups specializing in AI and quantum computing. The fund will invest up to €500,000 in pre-seed B2B companies targeting Europe's sovereignty and sustainability initiatives, aiming for approximately 30 portfolio companies.

Hamburg-based one.five raises €14 million to solve the product-market-fit problem in packaging
Hamburg-based one. five secured €14 million in Series A funding to scale its AI-powered platform for packaging product development....

Sinpex raises €10M Series A to redefine KYB automation for Europe’s AML era
Sinpex, an AI-powered KYB platform, secured a €10 million Series A round to automate compliance for European businesses. The SaaS solution streamlines client onboarding and KYB compliance, preparing companies for the 2027 EU AML Regulation.

YC-backed UK startup Elyos AI raises €11.1 million to build AI agents for trades and field services
Elyos AI, a UK startup, secured €11. 1 million to build AI agents for trades and field services, automating communications....

TNW Weekly Briefing
Brussels shifts towards open digital infrastructure with a call for evidence on Open Digital Ecosystems to reduce dependency. The DMA and DSA are entering an enforcement phase, making compliance the key concern for tech companies in 2026.

What's next for European tech, Parloa raises $350M, and two new unicorns
German AI customer service platform Parloa secured a massive $350 million in funding, tripling its valuation to $3 billion. The European tech scene also saw French AI startup Harmattan reach unicorn status with a $200 million raise.
