Mistral AI leads disclosed funding
Its $3.5B round represents 52% of the $6.6B disclosed across this edition. Developing the best generative AI models.
49 funding rounds and $6.6B disclosed. Mistral AI leads the edition; explore the companies, investors and stage breakdown.
Its $3.5B round represents 52% of the $6.6B disclosed across this edition. Developing the best generative AI models.
Arlequin AI, autoMEE, bilt.me are among the companies in the most active sector by number of rounds in this edition.
Pre-seed, seed and Series A account for 29 of the 49 announcements. These rounds total $575.2M in disclosed funding.
Compare disclosed funding by the companies’ primary sector.
Explore the underlying roundsThe remaining capital went to smaller rounds. Compare the totals before and after removing the three largest deals.
| Stage | Rounds | Capital | Median |
|---|---|---|---|
| Series B | 8 | $508.5M | $51.4M |
| Seed | 11 | $92.9M | $3.6M |
| Growth | 4 | $57.7M | $8.1M |
| Series C+ | 8 | $5.5B | $295M |
| Pre-seed | 9 | $20.4M | $1.8M |
| Series A | 9 | $461.8M | $32.5M |
| Country | Rounds | Capital | Median |
|---|---|---|---|
| Sweden | 5 | $193.3M | $16.5M |
| Poland | 1 | $2.6M | $2.6M |
| Finland | 2 | $191.3M | $95.6M |
| United Kingdom | 5 | $224.6M | $13.3M |
| Belgium | 4 | $78.9M | $12.8M |
| Italy | 3 | $49.9M | $3.3M |
| Ukraine | 1 | $2M | $2M |
| Romania | 1 | $567.8K | $567.8K |
| France | 9 | $3.7B | $32.5M |
| Estonia | 1 | $700K | $700K |
| Netherlands | 4 | $828.3M | $138.3M |
| Spain | 2 | $125.6M | $62.8M |
| Germany | 6 | $635.6M | $32.4M |
| Portugal | 1 | $580M | $580M |
| Norway | 1 | $5.7M | $5.7M |
| Ireland | 1 | $18M | $18M |
| Canada | 1 | $5.4M | $5.4M |
| Luxembourg | 1 | $14M | $14M |
| Investor | Rounds | Led | Recent investments |
|---|---|---|---|
| 01Balderton Capital | 3 | 0 | SpottThe Exploration Company |
| 026 Degrees Capital | 2 | 0 | Verda (formerly DataCrunch)Conveo |
| 03Bessemer Venture Partners | 2 | 0 | The Exploration CompanyWonderful |
| 04Cherry Ventures | 2 | 0 | Spiich LabsThe Exploration Company |
| 05EQT | 2 | 0 | Mistral AIThe Exploration Company |
| 06Firstminute Capital | 2 | 0 | StandardXBenford |
| 07Index Ventures | 2 | 0 | Mistral AIWonderful |
| 08Innovation Industries | 2 | 0 | MorphotonicsEUCLYD |
| 09Insight Partners | 2 | 0 | MetaviewWonderful |
| 10Northzone | 2 | 0 | RayonTandem Health |
49 rounds · $6.6B disclosed · $14M median
| Company | Amount | Stage / sector | Lead investor | Announced |
|---|---|---|---|---|
| AnaCardio AnaCardio is a privately held clinical stage biopharmaceutical company developing novel drugs to treat heart failure. | €62.5M | Series B Healthtech | — | |
| autoMEE autoMEE develops flowMEE, an AI-powered accounting platform that automates document processing, bookkeeping, bank reconciliation and financial workflows for businesses and accounting firms. | PLN 10M | Seed AI | — | |
| KHOY KHOY is a Finnish D2C design and furniture company that sells exclusively online. | €2M | Growth E-commerce | — | |
| Metaview Pioneering the interview intelligence category and provides customers with transcripts, analytics, and automated training tools to help interviewers up their game. | $60M | Series C+ HRtech | — | |
| NOX Energy NOX Energy was founded to promote sustainability by connecting energy-efficient devices to the energy market, enabling households and businesses to save on energy costs while supporting a more stable and greener electricity grid. | €3M | Seed Energy | — | |
| Aptadir Therapeutics A Milan-based biotech company developing novel treatments for difficult to treat genetic conditions. | $45M | Seed Healthtech | — | |
| DoD Solution DoD Solution is a defence technology company building embedded AI and onboard computing platforms for unmanned systems operating in contested environments. | €1.8M | Pre-seed Cybersecurity | — | |
| Ipercept Purpose built for CNC machines—and the teams that keep them running, IPercept boosts production and maintenance teams with an AI assistant that gives them the insights they need to improve machine reliability, quality, and capacity. | $16.5M | Series A Software | — | |
| Kyndred Kyndred is developing AI companions with voice, memory and real-time interaction, aiming to provide users with a more consistent way to navigate AI and receive support with everyday tasks. | €500K | Pre-seed AI | — | |
| Marble Marble, a Paris-based open-source platform for fraud detection and anti-money laundering (AML) compliance. | €6.5M | Series A Fintech | — | |
| Rayon A space design software company. | €10M | Series A Software | — | |
| Spotable Spotable, based in Ghent's Winter Circus, uses satellite imagery, Lidar technology and historical data to accurately measure construction projects and quickly produce a detailed quote. | €4M | Seed AI | — | |
| bilt.me bilt.me is developing an AI-powered platform that enables users to turn ideas into native mobile apps, with the new funding supporting global expansion and further product development. | $700K | Pre-seed AI | — | |
| Qambria Qambria builds the classical engine designed to address the bottlenecks between quantum and classical compute. | CHF 2M | Pre-seed Deeptech | — | |
| Clastix Clastix develops infrastructure technology for organisations running Kubernetes across multiple teams, environments and workloads. | €2.9M | Seed Software | — | |
| Duqu Duqu is an fintech providing short-term working capital advances against outstanding B2B invoices, allowing businesses to access money before their customers pay. | €1.5M | Pre-seed Fintech | — | |
| Reply Next Reply Next is developing an AI platform that allows brands with hundreds of locations to manage their digital presence and customer interactions from a single place. | €400K | Pre-seed AI | — | |
| Wealthcome Wealthcome develops a comprehensive SaaS solution for digitizing and automating wealth management. | €15M | Series B Software | — | |
| Basecamp Research Basecamp Research combines DNA analysis and environmental monitoring in its BaseDiscovery platform. | $140M | Series C+ Healthtech | — | |
| F13 F13 is developing AI models for precise vector graphics, targeting professional use cases where accuracy, editability and adherence to design specifications matter. | $5M | Pre-seed AI | — | |
| MAGIC AI provider of an AI powered fitness mirror. | £8M | Series B Sports | — | |
| mika automate accounting and tax filings for SMEs. | €6M | Seed Fintech | — | |
| Palma.ai Palma.ai provides enterprises with a central governance layer for AI agents, helping teams control permissions, enforce policies and audit how agents interact with company systems. | $1.8M | Pre-seed AI | — | |
| Spiich Labs A Swedish startup leveraging AI to improve sales productivity. | €3M | Seed AI | — | |
| StandardX StandardX is developing an isotope refinery designed to increase the supply of rare isotopes used in medicine and fusion energy. | £10M | Seed Deeptech | — |
AnaCardio is a privately held clinical stage biopharmaceutical company developing novel drugs to treat heart failure.
autoMEE develops flowMEE, an AI-powered accounting platform that automates document processing, bookkeeping, bank reconciliation and financial workflows for businesses and accounting firms.
KHOY is a Finnish D2C design and furniture company that sells exclusively online.
Pioneering the interview intelligence category and provides customers with transcripts, analytics, and automated training tools to help interviewers up their game.
NOX Energy was founded to promote sustainability by connecting energy-efficient devices to the energy market, enabling households and businesses to save on energy costs while supporting a more stable and greener electricity grid.
A Milan-based biotech company developing novel treatments for difficult to treat genetic conditions.
DoD Solution is a defence technology company building embedded AI and onboard computing platforms for unmanned systems operating in contested environments.
Purpose built for CNC machines—and the teams that keep them running, IPercept boosts production and maintenance teams with an AI assistant that gives them the insights they need to improve machine reliability, quality, and capacity.
Kyndred is developing AI companions with voice, memory and real-time interaction, aiming to provide users with a more consistent way to navigate AI and receive support with everyday tasks.
Marble, a Paris-based open-source platform for fraud detection and anti-money laundering (AML) compliance.
A space design software company.
Spotable, based in Ghent's Winter Circus, uses satellite imagery, Lidar technology and historical data to accurately measure construction projects and quickly produce a detailed quote.
bilt.me is developing an AI-powered platform that enables users to turn ideas into native mobile apps, with the new funding supporting global expansion and further product development.
Qambria builds the classical engine designed to address the bottlenecks between quantum and classical compute.
Clastix develops infrastructure technology for organisations running Kubernetes across multiple teams, environments and workloads.
Duqu is an fintech providing short-term working capital advances against outstanding B2B invoices, allowing businesses to access money before their customers pay.
Reply Next is developing an AI platform that allows brands with hundreds of locations to manage their digital presence and customer interactions from a single place.
Wealthcome develops a comprehensive SaaS solution for digitizing and automating wealth management.
Basecamp Research combines DNA analysis and environmental monitoring in its BaseDiscovery platform.
F13 is developing AI models for precise vector graphics, targeting professional use cases where accuracy, editability and adherence to design specifications matter.
provider of an AI powered fitness mirror.
automate accounting and tax filings for SMEs.
Palma.ai provides enterprises with a central governance layer for AI agents, helping teams control permissions, enforce policies and audit how agents interact with company systems.
A Swedish startup leveraging AI to improve sales productivity.
StandardX is developing an isotope refinery designed to increase the supply of rare isotopes used in medicine and fusion energy.
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