August 2026 Startup Funding Report

48 European funding rounds and $2.1B disclosed. Lovable leads the edition; explore the companies, investors and stage breakdown.

· RoundOS Funding
Aug 1–Aug 31, 2026 · 48 announced rounds
48Funding rounds
$2.1BDisclosed capital · 48 rounds
$7.8MMedian disclosed round
01 / The takeaways

The month in funding

01

Lovable leads disclosed funding

Its $400M round represents 19% of the $2.1B disclosed across this edition. a platform aiming to allow anyone to create software.

02

AI: 10 rounds

amber, Callosum, Guideless are among the companies in the most active sector by number of rounds in this edition.

03

33 early-stage rounds

Pre-seed, seed and Series A account for 33 of the 48 announcements. These rounds total $520.3M in disclosed funding.

02 / Capital allocation

Funding by sector

Compare disclosed funding by the companies’ primary sector.

Explore the underlying rounds
Where capital wentDisclosed funding · USD
Software$451.4M
9 rounds
AI$447.3M
10 rounds
Semiconductors$326M
2 rounds
Cybersecurity$307M
2 rounds
Robotics$202M
2 rounds
Fintech$147.9M
5 rounds
Healthtech$80.9M
4 rounds
Energy$61.6M
3 rounds
Agritech$34.1M
2 rounds
E-commerce$17M
1 round
Deeptech$16.3M
4 rounds
Edtech$8M
1 round
Gaming$5.8M
1 round
Cleantech$944.4K
1 round
Sports$367.9K
1 round
Beyond the headline

Take out the three biggest rounds.

The remaining capital went to smaller rounds. Compare the totals before and after removing the three largest deals.

All disclosed funding$2.1B
Without the top three$1.1B
Aug 1–Aug 31, 2026
03 / Standout rounds

Largest funding rounds

01
Series C+ · Software

Lovable

a platform aiming to allow anyone to create software.

$400M
02
Series B · Semiconductors

Olix

The latest generation of AI models achieve breakthrough performance by using vastly more tokens to solve complex problems. As frontier models become more sophisticated, demand is compounding faster than today’s infrastructure can scale.

$312M
03
Series C+ · Cybersecurity

Cambridge Aerospace

Cambridge Aerospace builds defence technology. Its key products include drone interceptor Skyhammer, missile interceptor Starhammer, and radar system Looking Glass.

$300M
04 / Market structure

Stages & geography.

By stage

StageRoundsCapitalMedian
Pre-seed12$28.6M$2M
Series A7$319.2M$17.5M
Seed14$172.5M$4.8M
Series B8$564.6M$36.4M
Growth2$37.2M$18.6M
Series C+5$984.7M$150M

By country

CountryRoundsCapitalMedian
Norway2$6M$3M
France2$22.1M$11.1M
Belgium2$3.3M$1.6M
United Kingdom18$956.8M$10.8M
Ireland2$21M$10.5M
Finland1$1.2M$1.2M
Sweden5$451.2M$15.5M
Netherlands2$50.7M$25.3M
Denmark3$17.4M$5.8M
Germany4$52.6M$7.7M
Lithuania1$1.2M$1.2M
Spain2$250M$125M
Iceland1$3.9M$3.9M
Switzerland2$202.5M$101.2M
Cyprus1$67M$67M
05 / Investors

Most active investors in this edition

Investor activity in the selected funding rounds
InvestorRoundsLedRecent investments
01Norrsken Evolve40MotionVolve
02Ada Ventures20BoldrMedly AI
03Andreessen Horowitz20RilletHappyRobot
04existing shareholders20Lupin DentalSweGaN
05Lakestar20MindgardCambridge Aerospace
06Navigare Ventures20Pixelgen TechnologiesSolinide Photonics
07Plural20CallosumOre Energy
08.406 Ventures10Mindgard
092100 Ventures10Embedd
10Accel10Cambridge Aerospace
06 / The full selection

All funding rounds

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48 rounds · $2.1B disclosed · $7.8M median

Startup funding rounds
CompanyAmountStage / sectorLead investorAnnounced
S-Transistors

S-Transistors develops superconducting transistor technology designed to enable energy and cost-efficient control and scaling of cryogenic quantum computers.

€2.6MPre-seed
Deeptech
—
Lupin Dental

Lupin Dental is a Montpellier-based early-stage robotics company focused on developing innovative dental technologies.

€15MSeries A
Healthtech
—
ColibriTD

Parisian startup operating in the developing Quantum-as-a-Service sector.

€4MSeed
Deeptech
—
Motion

Motion provides humanoid robots to industrial, warehouse and logistics companies through a subscription model covering deployment, financing, integration, maintenance and fleet management.

$2MPre-seed
Robotics
—
Breedr

Breedr is a productivity and marketing platform that’s transforming the livestock supply-chain.

€23MSeries B
Agritech
—
Certain Energy

Certain Energy develops long-duration energy storage systems using manganese flow batteries to store renewable electricity for later use and support electricity grid operations.

£10MSeries A
Energy
—
Entity

Entity provides a browser-based gaming infrastructure and digital distribution platform designed to make console-quality video games instantly playable across any connected consumer device without requiring software downloads or installations.

$5.8MSeed
Gaming
—
Metaktik

Espoo-based company is developing ultra-lightweight, flexible antennas that can be seamlessly integrated into drones, satellites, and ground systems—enhancing communication, radar capability, and stealth by conforming to the shape of the platform.

€1MPre-seed
Software
—
eComID

Swedish startup empowering global online retailers to reduce online returns.

$17MSeed
E-commerce
—
Itoflow

Itoflow uses AI agents to turn investment firms’ strategies into governed workflows that research and test opportunities, monitor portfolios continuously and surface material changes with supporting evidence.

$2.5MPre-seed
AI
—
Neno

Neno provides AI-native financial services for SMEs, combining accounting, tax and financial administration with automation and contextual financial insights through a unified platform.

€6.6MSeed
Fintech
—
Repodo

Repodo aims to reduce the manual work involved for both businesses and auditors, creating a “faster, lower-friction and more affordable audit experience”.

€8.2MPre-seed
AI
—
Stability AI

World’s first community-driven, open-source artificial intelligence (AI) company.

$76MSeries B
AI
—
Volve

Volve develops an intelligence platform for contractors and public-sector clients involved in tendering and preconstruction.

$3MSeed
AI
—
Boldr

London-based climate tech startup developing home energy management tools.

$5MSeed
Energy
—
Embedd

Embedd uses digital twins and AI agents to automate the integration of chips into software ecosystems, helping semiconductor companies make their hardware easier and faster for developers to build on.

$2.7MPre-seed
Software
—
Kazimi

Kazimi provides mobile app developers with security technology to protect first-party data, detect bot activity and distinguish genuine users from fraudulent activity while preserving user privacy.

€2.2MPre-seed
Software
—
Redfaire

Redfaire supports customers as they modernise their ERP estates and adopt cloud and hybrid solutions.

€13MGrowth
Software
—
Artwod

Artwod is a guided learning and community platform for visual artists.

€1.1MSeed
Software
—
Callosum

A UK AI infrastructure startup founded by Cambridge neuroscientists offering a counter view to the “monoculture” that believes superintelligence.

$100MSeed
AI
—
Guideless

Guideless is developing a platform that uses AI to automate the creation and maintenance of software training and workflow documentation.

€1MPre-seed
AI
—
Paralo

Paralo is developing software to replace the fragmented systems currently used to run golf clubs, spanning membership, tee sheets, competitions, payments, EPOS, food and beverage, marketing, reporting and agronomy.

£270KPre-seed
Sports
—
Pixelgen Technologies

Sweden-based provider of a platform for new applications in cell-to-cell interactions and tissue.

$15.5MSeries B
Healthtech
—
Rillet

next generation of accounting platform.

$100MSeries C+
Fintech
—
Solinide Photonics

Solinide develops photonic chips and microcomb technology for optical interconnects, addressing the growing amount of data that needs to move between chips in AI data centres without a corresponding increase in power consumption.

€4MSeed
Deeptech
—

S-Transistors develops superconducting transistor technology designed to enable energy and cost-efficient control and scaling of cryogenic quantum computers.

Pre-seed · Deeptech

Lupin Dental is a Montpellier-based early-stage robotics company focused on developing innovative dental technologies.

Series A · Healthtech

Parisian startup operating in the developing Quantum-as-a-Service sector.

Seed · Deeptech

Motion provides humanoid robots to industrial, warehouse and logistics companies through a subscription model covering deployment, financing, integration, maintenance and fleet management.

Pre-seed · Robotics
Breedr€23M

Breedr is a productivity and marketing platform that’s transforming the livestock supply-chain.

Series B · Agritech

Certain Energy develops long-duration energy storage systems using manganese flow batteries to store renewable electricity for later use and support electricity grid operations.

Series A · Energy
Entity$5.8M

Entity provides a browser-based gaming infrastructure and digital distribution platform designed to make console-quality video games instantly playable across any connected consumer device without requiring software downloads or installations.

Seed · Gaming

Espoo-based company is developing ultra-lightweight, flexible antennas that can be seamlessly integrated into drones, satellites, and ground systems—enhancing communication, radar capability, and stealth by conforming to the shape of the platform.

Pre-seed · Software
eComID$17M

Swedish startup empowering global online retailers to reduce online returns.

Seed · E-commerce
Itoflow$2.5M

Itoflow uses AI agents to turn investment firms’ strategies into governed workflows that research and test opportunities, monitor portfolios continuously and surface material changes with supporting evidence.

Pre-seed · AI
Neno€6.6M

Neno provides AI-native financial services for SMEs, combining accounting, tax and financial administration with automation and contextual financial insights through a unified platform.

Seed · Fintech
Repodo€8.2M

Repodo aims to reduce the manual work involved for both businesses and auditors, creating a “faster, lower-friction and more affordable audit experience”.

Pre-seed · AI

World’s first community-driven, open-source artificial intelligence (AI) company.

Series B · AI

Volve develops an intelligence platform for contractors and public-sector clients involved in tendering and preconstruction.

Seed · AI

London-based climate tech startup developing home energy management tools.

Seed · Energy
Embedd$2.7M

Embedd uses digital twins and AI agents to automate the integration of chips into software ecosystems, helping semiconductor companies make their hardware easier and faster for developers to build on.

Pre-seed · Software
Kazimi€2.2M

Kazimi provides mobile app developers with security technology to protect first-party data, detect bot activity and distinguish genuine users from fraudulent activity while preserving user privacy.

Pre-seed · Software
Redfaire€13M

Redfaire supports customers as they modernise their ERP estates and adopt cloud and hybrid solutions.

Growth · Software
Artwod€1.1M

Artwod is a guided learning and community platform for visual artists.

Seed · Software

A UK AI infrastructure startup founded by Cambridge neuroscientists offering a counter view to the “monoculture” that believes superintelligence.

Seed · AI

Guideless is developing a platform that uses AI to automate the creation and maintenance of software training and workflow documentation.

Pre-seed · AI
Paralo£270K

Paralo is developing software to replace the fragmented systems currently used to run golf clubs, spanning membership, tee sheets, competitions, payments, EPOS, food and beverage, marketing, reporting and agronomy.

Pre-seed · Sports

Sweden-based provider of a platform for new applications in cell-to-cell interactions and tissue.

Series B · Healthtech
Rillet$100M

next generation of accounting platform.

Series C+ · Fintech

Solinide develops photonic chips and microcomb technology for optical interconnects, addressing the growing amount of data that needs to move between chips in AI data centres without a corresponding increase in power consumption.

Seed · Deeptech
07 / Further reading

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