European tech deals top €1.3 billion in a week, led by UK and AI

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European tech companies raised more than €1.3 billion across over 60 funding deals last week, alongside more than 10 exits, acquisitions and related stories. AI took €815.6 million of it, healthtech €121.1 million and fintech €104.1 million. By country, the UK came first with €1 billion, Switzerland second with €74.4 million and Spain third with €59.5 million.

The UK's total owes a good deal to one company: Fractile raised £577 million in a Series C. Below it came NexGen Cloud's $106 million senior secured term loan and a loan of up to $70 million from Perceptive Advisors to Swiss medtech Distalmotion. Guidewire agreed to buy AI start-up Hyperexponential for $1.7 billion, and stealth start-up 22one was valued at nearly $400 million with backing from Sequoia and Lux.

Spain's share covered a fairly wide range. Impress got €40 million in EIB financing for its digital orthodontics network, Allox closed a $10.5 million seed round for drug discovery, and Crescenta secured €4 million in debt from BlackRock funds and accounts. Artiso raised over €3 million, Talky €1.5 million and Fitnesskpi €1.3 million, while OmniWallet closed a capital increase of €220,000.