The Norrsken Foundation has announced that Norrsken Evolve has completed an oversubscribed first close of a €57 million fund. The fund will be spearheaded by three General Partners: Johan Attby, Alex Bakir, and Rebecka Löthman Rydå.

Innerworks, innovators of Synthetic Threat Intelligence, has announced the completion of a $4 million seed funding round to scale their platform approach to delivering the world’s most effective immune system for the internet, led by AlbionVC.

Better Medicine, a startup developing AI-powered diagnostic tools for radiology, has raised €1 million in a pre-seed funding round led by Soulmates Ventures, with participation from Specialist VC, UT Ventures, and several angel investors.

Every founder knows the feeling. An investor update is looming. The numbers are solid (ish), the story feels messy, and you’ve rewritten the deck twelve times trying to make it all make sense.

July in European tech didn’t follow familiar playbooks. From polarising deal sizes and sector shakeups to grant funding stepping into the spotlight and regulators breaking seasonal patterns, the month revealed a handful of market anomalies that deserve a closer look.

A Danish medtech startup behind a technology that accurately measures cardiorespiratory fitness (CRF) has just closed a €1.7 million funding round following expansion into several European markets. 

Riva Money, the global payments firm using blockchain technology to streamline the movement of money, has raised a pre-seed round from Project A as well as angels from Revolut, Monzo, and J.P. Morgan. The $3 million round will be used to solve the persistent pain points of global money transfers.

New data from the British Business Bank’s Start Up Loans programme, which provides finance and support to start up and early-stage businesses, shows a year-on-year increase in the value of finance being accessed.

Belgian spacetech startup EDGX has closed a €2.3 million seed funding round to accelerate commercialisation of EDGX Sterna, a next generation Edge AI computer for satellites.

Three pioneering healthtech companies are set to accelerate their growth and market impact thanks to investment from STAC, Scotland’s accelerator for smart, connected, and deeptech startups.

Family offices worldwide manage about $10 trillion in wealth. According to a 2024 FVCA (Finnish Venture Capital Association) survey, the third largest allocator of capital to local (Finnish) venture firms (right behind national funds and pension funds) is family offices.

Tracelight, the UK-founded AI company making financial models easier to build and trust, has raised $3.6 million in seed funding.

Bisly, a provider of scalable, smart building automation solutions, has raised a €4.3 million funding round to expand its operations across Central and Western Europe.

Resilience Media, the security-first media platform dedicated to NATO’s defence tech sector, has secured a significant seed investment from a group of leading mission-aligned investors as it reveals a line up of former TechCrunch journalists.  The investors are from the UK, the US, Germany, Israel, Netherlands, and Poland.

Hytro, the UK-based performance brand behind the world’s first wearable Blood Flow Restriction (BFR) product, has announced new backing from sports and human performance investors Joyned Capital and Skin In The Game. The investment accelerates Hytro’s expansion plans in elite sport and human performance, and strengthens its global leadership in recovery technology.

QuamCore, a deeptech startup tackling quantum computing’s hardest scalability challenges, announced a $26 million Series A, bringing total funding to $35 million. The round was led by Sentinel Global, with participation from Arkin Capital, as well as existing investors Viola Ventures, Earth & Beyond Ventures, Surround Ventures, Rhodium, and Quantum Leap. The Israel Innovation Authority contributed a $4 million non-dilutive grant.

Sava Technologies, the London-based startup pioneering real-time molecular health monitoring, has raised $19 million in Series A funding, following promising early results from its clinical trial.

Cambridge Innovation Capital (CIC), the VC firm investing in the UK’s highest-potential deeptech and life sciences companies, is committing at least £100 million to invest in spinouts from the University of Cambridge.

FuriosaAI, a semiconductor company building a new foundation for AI compute, today announced it has completed a $125 million Series C bridge funding round. The investment continues a period of significant momentum for Furiosa as global demand for high-performance, efficient AI infrastructure soars.

The British Business Bank has made its first investment through the Regional Angels Programme new co-investment platform.