Europe's tech start-ups raise over €1.7B in a week, Spain ranks third

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Over one week in September, European tech companies closed more than 70 funding deals worth over €1.7 billion, alongside more than 10 exits, acquisitions and related stories. Artificial intelligence led the sectors with €3 billion, a figure that sits comfortably above the week's overall total, followed by space at €387.5 million and healthtech at €115.1 million. By country, the UK came first with €541.8 million, then Italy with €256.7 million and Spain with €232.4 million.

Most of Spain's total came from one company: Fever raised $250 million in a round led by EQT. The rest was spread more thinly. BATTIA secured €8 million to recycle electric vehicle batteries, Health Force raised €4.2 million for AI agents that handle hospital operations, Cubicup closed a €2 million round led by Suma Capital, and Nearby Computing raised €680,000 for its cloud-to-edge orchestration platform.

Elsewhere, the largest deals were Open Cosmos in the UK with €300 million for satellite intelligence and connectivity, Italy's Exein with $270 million at a $1.7 billion valuation, and Dutch AI chip start-up EUCLYD with a Series A of over €200 million, with former ASML chief Peter Wennink as chairman. Bulgaria's EnduroSat raised €178 million and became a unicorn. On the exits side, Motorola Solutions bought the Portuguese AI start-up DeepNeuronic, and the Vienna Stock Exchange is taking a majority stake in Germany's North Data.