Spain ranks second in European tech funding for the week, led by ID Finance

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Europe's tech companies closed more than 65 funding deals last week, worth over €1.8 billion in total, alongside more than five exits and acquisitions. Fintech raised the most at €621 million, then healthtech at €478 million and energy at €236.6 million. The UK led the country table with €694.4 million. Spain came second with €586.3 million, and Ireland was third with €194.6 million.

Spain's second place rests mostly on one company. ID Finance raised €545 million in a mix of debt and equity, which leaves a little over €41 million for every other Spanish deal on the list. Quantum computing company Qilimanjaro Quantum Tech completed a €19.6 million first close of its Series A. Causa Prima raised a $20 million seed round three months after its pre-seed.

Further down, Cofrai closed €2.6 million, and Ruit raised €880,000 in a round led by Abac Nest. Constrik, which brings AI to construction companies, closed a €350,000 pre-seed round led by Plus Partners.