In other news this week: Multiverse Computing raises €189M, InSoil and Key Carbon sign €100M deal, SpliceBio secures €116M, and more

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The past few weeks have been packed with startup news — from big funding rounds and global expansions to key partnerships and acquisitions.

With so much happening across tech, energy, fintech, and health, it’s nearly impossible to keep up with everything.

Naturally, a few important updates may have slipped under the radar. 

That’s why we’ve pulled together this quick roundup of stories you might have missed. 

Take a look!

Multiverse Computing raises €189M

Spain’s Multiverse Computing has announced a €189M Series B investment round led by Bullhound Capital. The funding supports the rollout of CompactifAI, a quantum-inspired compression technology that reduces large language model (LLM) sizes by up to 95% without reducing performance.

Investors in this round include HP Tech Ventures, SETT, Forgepoint Capital International, CDP Venture Capital, Santander Climate VC, Quantonation, Toshiba, and Capital Riesgo de Euskadi – Grupo SPRI.

Multiverse aims to address infrastructure costs tied to LLM deployment. Compressed versions of Llama, DeepSeek, and Mistral models are already available. (Read more)

SpliceBio secures €116M Series B funding

SpliceBio has raised $135M in a Series B financing round co-led by EQT Life Sciences and Sanofi Ventures. The funds will support the Phase 1/2 clinical trial of SB-007, the company’s lead gene therapy candidate targeting Stargardt disease, a genetic eye disorder that causes progressive vision loss.

The round also included participation from new investor Roche Venture Fund, alongside existing backers New Enterprise Associates, UCB Ventures, Ysios Capital, Gilde Healthcare, Novartis Venture Fund, and Asabys Partners. (Read more)

InSoil and Key Carbon sign €100M deal to boost regenerative farming across Europe

Climate finance firm InSoil has secured a €100M agreement with Key Carbon to support regenerative agriculture on one million hectares of European farmland.

The deal, InSoil’s largest to date, offers farmers zero-interest loans in exchange for a share of high-integrity carbon credits.

The partnership aims to scale InSoil’s Green Loans and enhance its MRV tech for carbon tracking. Key Carbon’s backing will also expand EU Soil Carbon Corp. With agriculture driving over 20% of global emissions, the deal marks a major push to turn healthy soil into a climate and income solution. (Read more)

Look Up raises €50M to expand Europe’s space safety network and radar infrastructure

Look Up, a space tech company focused on orbital safety, has secured €50 million in a landmark Series A round, placing it among the top 3 largest Series A rounds in European space tech. 

The round combines equity, bank debt, and €15 million in non-dilutive EU funding, underscoring Europe’s push for strategic autonomy in space.

Led by ETF Partners, with participation from Leadwind (KFund), the EIC Fund, MIG Capital, Karista, and Expansion, the funding will scale Look Up’s radar network (SORASYS), launch its Operations Center, and boost its Space-Operations-as-a-Service offering. 

Two new radars will be deployed in French Polynesia to bolster collision monitoring and orbital safety as space traffic intensifies. (Read more)

Payrails raises €27.6M Series A funding led by HV Capital

Payrails has secured $32M (approx €27.6M) in Series A funding. The round was led by HV Capital’s Growth Fund, with participation from EQT Ventures, General Catalyst, and Andreessen Horowitz. This brings the company’s total funding to over $52.8M.

Founded in 2021, Payrails provides payment software infrastructure. The funds will be used to expand its product offerings and support operations across EMEA. (Read more)

Salmon Evolution secures €21.86M credit facility

Salmon Evolution ASA has entered into a credit facility agreement of up to €21.86M with DNB Bank ASA and Nordea Bank Abp, Norwegian branch. The facility has a 12-month tenor with an option to extend by six months, subject to lender consent.

The company has also increased its existing overdraft facility with Nordea Bank Abp from NOK 150M to NOK 200M. The new facility is intended to support financial operations and ongoing development at the Indre Harøy site. (Read more)

Enterome secures €16.4M to advance cancer immunotherapy

Enterome SA has raised $19M (approx €16.4M) in private funding to advance its lead cancer immunotherapy, EO2463, designed to treat indolent non-Hodgkin lymphoma (iNHL). The funding supports final Phase 1/2 trials and prepares EO2463 for a pivotal registrational study. Early results show strong safety and effectiveness, especially for “watch-and-wait” iNHL patients who lack other treatment options. 

Enterome aims to launch a Phase 3 trial and expand global clinical efforts. Enterome SA is a privately held clinical-stage biopharmaceutical company developing OncoMimics, a new proprietary immunotherapeutic modality inspired by the microbial origin of certain autoimmune diseases, to treat cancer.  (Read more)

Voltfang Raises €15M Series B to Expand Battery Storage and Strengthen Europe’s Energy Grid

Voltfang, a German battery storage provider, has secured €15 million in Series B funding to scale its sustainable energy solutions across Europe. Led by FORWARD.One, the round includes support from Interzero, PT1, Helen Ventures, Aurum Impact, and new investors Fiege Ventures and Newberry Investments.

The funds will expand Voltfang’s production and deploy 250 MWh of grid-supporting storage by 2026. Voltfang uses repurposed EV batteries and AI-powered management software, helping businesses cut energy costs and support grid resilience amid Europe’s accelerating energy transition. (Read more)

Barcelona medtech startup Aortyx raises €13.8M to advance minimally invasive aortic repair

Aortyx, a medtech scaleup developing a bioresorbable patch to treat aortic dissections, has raised €13.8M in Series A funding. The round was led by Ship2B Ventures and Clave Capital, with support from the EIC Fund, CDTI, and key players in cardiovascular innovation.

Aortyx’s steerable catheter delivers a biodegradable patch that seals aortic tears while promoting tissue regrowth. Backed by years of research and successful preclinical tests, the funding will bring the technology to first-in-human trials within two years, offering a life-saving, less invasive alternative to current high-risk treatments. (Read more)

Elkedonia closes Seed round

Elkedonia SAS has announced the closing of an €11.25M Seed funding round. The round was co-led by Kurma Partners, WE Life Sciences, and the French Tech Seed fund managed by Bpifrance under France 2030. Additional participants included Argobio, Angelini Ventures, CARMA Fund, Capital Grand Est, and Sambrinvest.

The company was founded by Argobio and is advancing research based on the work of Dr. Jocelyne Caboche at CNRS and Sorbonne University. Elkedonia focuses on targeting the intracellular protein Elk1 as a potential therapeutic strategy for depression and neuropsychiatric conditions. (Read more)

RIIICO raises €4.3M to revolutionise factory retrofits 

RIIICO, a deeptech startup transforming industrial retrofits, has secured $5M in seed funding to scale its AI-driven factory design platform. The round was led by Pi Labs, with backing from Volvo Cars Tech Fund, seed + speed Ventures, WaVe-X, and Earlybird VC.

RIIICO helps manufacturers redesign existing factories four times faster by turning LiDAR scans into collaborative 3D digital twins. Its software has already been used to retrofit EV production lines, reducing costly errors and speeding up implementation. The funding will expand its AI applications and support global industrial resilience. (Read more)

ReSpo.Vision Raises €4.2M to bring AI-powered football viewing into the future

ReSpo.Vision, a deep tech sports startup revolutionising football with AI-driven tracking and visualisation, has secured €4.2M in fresh funding. The round will accelerate its mission to transform how fans, broadcasters, and federations engage with the game.

Using advanced computer vision, ReSpo.Vision extracts 3D body data from standard single-camera broadcasts; no wearables or complex rigs are needed. 

The company’s FIFA-certified tech enables immersive features like first-person Digital Twin replays, dynamic match stats, and natural language analytics. Clients already include Copa America 2024, national federations, and top European clubs. (Read more)

IW Capital backs impact recycling with €3.8M 

IW Capital has invested £3.3M (approx €3.8M) in Impact Recycling, a UK-based company known for its patented BOSS technology that recovers high-purity recycled plastics from mixed waste. This follow-on funding will help the company expand operations and accelerate its licensing model in global markets.

With sites in Glasgow and Peterlee and recent deals in Finland and South Korea, Impact Recycling is gaining international traction. IW Capital’s backing comes amid new EU rules pushing for 35% recycled content in plastic packaging by 2030, making Impact’s tech more vital than ever. (Read more)

Swedish Energy Startup Engrate raises €2.5M to simplify green energy integrations

Engrate, a digital integration platform for the energy sector, has raised €2.5 million in Seed funding to fuel international expansion and accelerate the green transition. The round was led by global VC Maniv, with support from Eviny Ventures and Course Corrected.

Engrate’s platform simplifies complex data integrations between energy systems, enabling faster deployment of renewable solutions. Already backed by Flower and a graduate of the Norrsken Accelerator, Engrate aims to reduce time-to-market for energy firms across Northern Europe as electricity demand continues to surge. (Read more)

Teal raises €1.6M to fix credit scoring with real-time payroll data

Payroll data platform Teal has secured £1.4M (approx €1.6M) in pre-seed funding to revolutionise income and employment verification in the UK.

The round was led by Passion Capital, with backing from ACF Investors, K Fund, and angels from Plaid and Checkout.

Teal aims to replace outdated, error-prone credit checks with real-time payroll data, helping lenders assess affordability faster and more accurately. Its API integrates directly with payroll systems, giving borrowers better control of their data.

The new funds will help Teal expand across the UK and Europe and deepen fintech partnerships. (Read more)

Bought launches one-hour secondhand delivery Wolt

Bought, a Finnish secondhand marketplace app launched in 2025, now offers one-hour door-to-door delivery for used items. The new feature is available through a partnership with Finnish delivery company Wolt.

The app connects buyers and sellers within a 7.5 km radius and allows for fast peer-to-peer transactions. After a purchase, sellers choose a pickup window, and a courier collects and delivers the item directly.

Bought’s CEO Erik Kymäläinen says the delivery model allows secondhand purchases to meet time-sensitive needs previously only served by new goods. The service is now live in all Finnish areas where Wolt operates. (Read more)

Refinery89 partners with The Trade Desk

Refinery89, a European publisher network, announced a strategic partnership with global advertising technology leader The Trade Desk to integrate OpenPath with its digital advertising offering. The collaboration streamlines the supply chain by providing advertisers with a direct, transparent connection to Refinery89’s publisher inventory. (Read more)

Nordic Group backs Innovative Pet Lab in €950K round

Innovative Pet Lab, a startup focused on science-based at-home health tests for pets, has raised €950,000 in pre-seed funding. The round was led by Nordic Group, a major player in human healthcare, along with support from Leap Venture Studio, backed by Mars Petcare and Michelson Found Animals. Its flagship product, the Comprehensive Gut Check, helps pet owners spot early health issues, while its Stress Test offers long-term stress insights.

LSE Expands Mental Health partnership with Spectrum.Life to support 12,000+ students

The London School of Economics (LSE) has partnered with Dublin-based digital health platform Spectrum.Life to better support the mental well-being of its global student body. With over 12,000 students from 140+ countries, LSE faces increasing challenges around stress, anxiety, and burnout. 

Through Spectrum.Life, students now have access to 24/7 multilingual counselling, digital wellbeing resources, and workshops. This expansion has helped cut wait times, reduce stigma, and improve student engagement. The initiative supports LSE’s goal of fostering a mentally resilient academic environment with culturally sensitive care.

Cure51 speeds up cancer data analysis with NVIDIA

Cure51, a techbio startup decoding why certain cancer patients beat the odds, has achieved a major milestone by integrating NVIDIA’s GPU-accelerated Parabricks tools. The company saw processing speeds jump 17x and costs fall by over half during genomic analysis.

This boost helps Cure51’s Rosalind Study, which gathers data from rare cancer survivors, move faster in analysing Whole Exome Sequencing (WES). With global partnerships and a growing sample base, the upgrade positions Cure51 to uncover new treatment targets more quickly and potentially bring us closer to a cure.

SweGaN enters growth phase with new board appointments

SweGaN AB, a European GaN-on-SiC semiconductor firm, has announced major board appointments and a long-term supply agreement with a top RF chipmaker, marking a new phase of growth. Pontus de Laval, Senior Advisor at one of SweGaN’s major shareholders, Navigare Ventures, has been appointed Chairman of the Board. 

In addition, prominent Swedish industrialist Leif Johansson has joined the SweGaN Board. The company’s patented QuanFINE material is now a standard for several key customers. (Read more)

Docusign launches first AI contract agent in the UK

Docusign has introduced the world’s first AI contract agent designed specifically for managing agreements, debuting in the UK. The agent can review contracts in seconds, flag risks, and automate routine tasks, helping businesses move faster and reduce compliance errors.

This tool is part of Docusign’s Intelligent Agreement Management (IAM) platform, powered by its AI engine, Iris. The AI agent will first focus on sales and procurement contracts, where delays often create costly setbacks.

Klippa and Open Connections partner to bring AI-powered document automation

Klippa, a company specialised in intelligent document processing, has teamed up with software veteran Open Connections to modernize enterprise document workflows.

The partnership integrates Klippa’s AI-driven DocHorizon platform with Open Connections’ 30+ years of expertise in document capture and compliance.

The collaboration will allow businesses in finance, healthcare, logistics, and government to deploy advanced OCR, automation, and validation tools with minimal disruption.

By combining Klippa’s low-code tech with Open Connections’ workflow experience, the partnership promises faster, smarter, and more accurate document handling at scale. (Read more)

Accelex expands to Asia-Pacific with Sydney office

London-based Accelex, a company specilised in AI-powered private markets data automation, has launched its Asia-Pacific operations with a new office in Sydney.

The move comes as private equity investments in the region hit $138B in 2024, highlighting growing demand for better data management tools.

To lead its APAC push, Accelex has appointed Brett Angwin as Head of Sales, APAC, and Kai Jebens as Sales Director, Southeast Asia. Their goal: help asset owners tackle data trapped in PDFs and manual workflows using Accelex’s AI, enabling faster, cleaner, and more accurate investment insights.

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Vigneshwar Ravichandran

Vigneshwar has been a News Reporter at Silicon Canals since 2018. A seasoned technology journalist with almost a decade of experience, he covers the European startup ecosystem, from AI and Web3 to clean energy and health tech. Previously, he was a content producer and consumer product reviewer for leading Indian digital media, including NDTV, GizBot, and FoneArena. He graduated with a Bachelor's degree in Electronics and Instrumentation in Chennai and a Diploma in Broadcasting Journalism in New Delhi.

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