Sesame Summit 2026 – application open

Secondary Profile Picture

Articles written by
Stéphane Paillard

Fundraising
Switch raises €600K to optimise European urban mobility

Europe’s urban mobility sector is experiencing a profound shift as cities grapple with congestion, emissions targets, and fragmented transport networks. While billions have poured into individual mobility solutions—e-scooters, bike-shares, ride-hailing—the real challenge lies in orchestrating these services into coherent, user-friendly ecosystems. Switch has secured €600,000 in funding to address this orchestration gap, building what could become the operating system for Europe’s shared mobility future. The funding comes at a critical juncture for European cities. Brussels mandates 55% emission reductions by 2030, whilst London’s Ultra Low Emission Zone expansion forces millions to reconsider transport habits. Switch’s platform aggregates disparate mobility services—from Lime scooters to Bolt rides—into unified booking and payment experiences, precisely what fragmented European markets require. EIT Mobility backs European urban mobility innovation EIT Mobility, the European Institute of Innovation & Technology’s urban mobility arm, led Switch’s funding round—a strategic choice reflecting the investor’s thesis around systemic mobility solutions. Unlike Silicon Valley’s winner-takes-all approach, European mobility markets demand interoperability across borders, languages, and regulatory frameworks. “Switch represents the infrastructure layer that European cities desperately need,” notes an EIT Mobility spokesperson familiar with the deal. “Rather than launching another scooter company, they’re solving the coordination problem that prevents existing services from reaching their potential.” This aligns with EIT Mobility’s €2 billion portfolio focus on sustainable urban systems rather than individual mobility hardware. The timing proves prescient. European corporates increasingly recognise that mobility-as-a-service requires neutral platforms rather than proprietary ecosystems. Switch’s vendor-agnostic approach resonates with European regulatory preferences for open competition over platform monopolisation. Platform strategy targets fragmented European markets Switch’s product addresses distinctly European challenges. Unlike US markets dominated by Uber and Lyft, European cities feature dozens of mobility providers—Tier, Voi, FREE NOW, BlaBlaCar—each with separate apps, payment systems, and coverage areas. This fragmentation creates user friction that Switch eliminates through unified interfaces. The company’s API-first architecture allows rapid integration with European transport authorities, crucial given varying municipal regulations across EU member states. Amsterdam’s mobility regulations differ markedly from Barcelona’s, yet Switch’s platform adapts to local compliance requirements whilst maintaining consistent user experiences. “European users don’t want to download seventeen apps to cross a city,” explains Switch’s founding team in their funding announcement. “We’re building the layer that makes sustainable mobility genuinely convenient.” The €600,000 will fund expansion beyond their initial market, targeting partnerships with major European cities planning integrated transport systems. Switch’s approach echoes successful European platform strategies—think Spotify’s music aggregation or Klarna’s payment orchestration. Rather than competing directly with mobility providers, Switch enhances their reach whilst capturing transaction value. This collaborative model suits European business culture’s preference for ecosystem partnerships over zero-sum competition. As European cities accelerate sustainable transport mandates, Switch positions itself as essential infrastructure. The funding signals investor confidence that mobility orchestration, not vehicle ownership, defines urban transport’s future. For European tech watchers, Switch represents pragmatic innovation—solving real problems without Silicon Valley’s reality distortion field.

Fundraising
Fundraising
blank

Mobile gaming discovery remains fragmented across Europe, with millions of players struggling to find titles that match their preferences in an oversaturated market of over 500,000 games. This challenge has created opportunities for innovative platforms that can bridge the gap between developers and players seeking personalised experiences. Paris-based Hoora has secured €1.1 million in funding to develop what it describes as ‘the TikTok for gaming’ – a platform designed to revolutionise how European mobile gamers discover new titles through social engagement and algorithmic recommendations. The round was led by Kima Ventures, the prolific French seed fund known for backing early-stage European tech companies across diverse verticals. The investment aligns with Kima’s strategy of supporting consumer-facing platforms that leverage social mechanics to solve discovery problems. Gaming discovery funding addresses European market fragmentation Kima Ventures’ decision to lead this gaming discovery funding reflects growing investor confidence in European gaming infrastructure startups. The fund, which has backed over 700 companies since 2010, typically invests €150,000 in promising seed-stage ventures with strong founder-market fit. “Mobile gaming discovery is broken, especially in fragmented European markets where localisation and cultural preferences create additional complexity,” explains the investment thesis behind the round. European mobile gaming generated €12.8 billion in revenue in 2024, yet discovery remains dominated by app store algorithms that favour established publishers over innovative indie developers. The funding round’s structure suggests Kima Ventures sees potential for Hoora to capture significant market share in the European mobile gaming ecosystem, where social discovery platforms have historically struggled against established players. Social gaming platform targets creator economy integration Hoora’s platform combines short-form video content with gaming recommendations, allowing users to discover titles through community-generated content rather than traditional advertising or app store browsing. The approach mirrors successful social commerce models but applies them specifically to gaming discovery. The startup plans to use the €1.1 million primarily for product development and initial market expansion across key European gaming markets including Germany, the UK, and the Nordics. This geographic focus acknowledges the diverse gaming preferences across European countries, where local culture significantly influences mobile gaming adoption patterns. “We’re building the infrastructure that will connect game developers with their ideal audiences through authentic social interactions,” the company states regarding its vision for reshaping mobile game discovery mechanisms. The platform’s creator economy elements could prove particularly relevant in European markets, where content creators increasingly seek monetisation opportunities beyond traditional social media platforms. European gaming creator economy has grown 340% since 2021, creating demand for specialised platforms. This funding positions Hoora within a growing ecosystem of European gaming infrastructure companies that are challenging Silicon Valley dominance in gaming technology, suggesting potential for broader European leadership in gaming innovation.

Fundraising
Fundraising
blank

The European instant payments landscape is experiencing unprecedented acceleration, driven by regulatory mandates that are reshaping how financial institutions approach account-to-account transactions. Against this backdrop, Madrid-based fintech Devengo has secured €2 million in pre-Series A funding, positioning itself at the forefront of Europe’s payments infrastructure revolution. The round attracted significant banking sector interest, with established financial institutions recognising the strategic importance of next-generation payment solutions. Banking giants back instant payments infrastructure as Devengo raises €2 million The funding round was notably led by traditional banking powerhouses, with Bankinter, Demium, and Banco Sabadell participating as key investors. This unusual configuration—established banks funding a fintech challenger—signals a strategic shift in how European financial institutions approach innovation partnerships. Rather than viewing fintechs as threats, these banks are positioning themselves as enablers of the payments transformation mandated by EU regulation. “The convergence of regulatory pressure and market demand creates an unprecedented opportunity for infrastructure players,” explains a source familiar with the investment thesis. “Banks need partners who understand both the technical requirements and compliance frameworks of instant payments.” Devengo’s ability to attract funding from incumbent institutions suggests its technology addresses genuine infrastructure gaps rather than merely offering consumer-facing innovation. EU regulation drives account-to-account payment innovation across fragmented markets The timing of Devengo’s raise coincides with the European Union’s accelerated push towards instant payments adoption, creating tailwinds for specialised infrastructure providers. Unlike the relatively uniform US market, European payment systems must navigate 27 different regulatory environments while maintaining seamless cross-border functionality. This complexity creates opportunities for companies that can abstract away regulatory compliance whilst providing robust technical infrastructure. Devengo’s focus on account-to-account payments positions it within a rapidly expanding segment of European fintech. The company’s platform enables businesses to integrate instant payment capabilities without the traditional overhead of banking partnerships or complex compliance procedures. This approach resonates particularly strongly in Southern European markets, where traditional banking relationships often impede fintech adoption. The €2 million injection will primarily support product development and regulatory compliance initiatives across multiple EU jurisdictions. “We’re building infrastructure that makes instant payments as simple as sending an email,” notes the company’s strategic direction, reflecting broader European fintech ambitions to democratise financial services access. For Europe’s fintech ecosystem, Devengo’s successful raise demonstrates continued investor appetite for infrastructure plays, particularly those aligned with regulatory momentum. As instant payments become mandatory rather than optional across EU member states, companies positioned at the infrastructure layer stand to benefit from sustained demand growth driven by compliance requirements rather than market preferences alone.

Fundraising
Fundraising
blank

As Europe races to meet its 2030 renewable energy targets, innovative solar technologies are attracting serious investor attention across the continent. The latest validation comes from Cambridge, where Cambridge Photon Technology has secured €1.8M (£1.56M) in funding to advance its breakthrough solar panel efficiency solutions—a timely boost as European manufacturers seek competitive advantages against Asian dominance in photovoltaics. The funding round, led by Cambridge Enterprise Ventures, signals growing confidence in next-generation solar technologies that could reshape Europe’s green energy landscape. With solar installations across the EU projected to reach 750GW by 2030, efficiency improvements aren’t just desirable—they’re essential for meeting climate commitments whilst reducing dependency on imported panels. Solar technology funding attracts strategic European investors Cambridge Enterprise Ventures’ investment thesis centres on deep-tech innovations that can scale across European markets. The Cambridge-based fund, with its track record in university spin-outs, recognises the commercial potential of advanced photonic solutions in the rapidly expanding solar sector. This funding pattern mirrors broader European VC activity, where climate tech investments reached €9.8B in 2024. “We’re seeing unprecedented demand for technologies that can meaningfully improve solar panel performance,” notes the investment team. “Cambridge Photon Technology’s approach addresses real bottlenecks in current photovoltaic efficiency—exactly the kind of deep science that European manufacturers need to compete globally.” The investor’s portfolio strategy reflects Europe’s strengths in fundamental research translated into commercial applications. Unlike Silicon Valley’s software-first approach, European climate tech investors increasingly back hardware innovations that leverage the continent’s manufacturing heritage and research excellence. Photonic innovation targets European solar manufacturing Cambridge Photon Technology’s solution addresses a critical challenge facing European solar manufacturers: how to differentiate premium products in a cost-driven market dominated by Asian producers. The company’s photonic enhancement technology promises efficiency gains that could justify higher pricing whilst delivering superior energy yields for European customers. The funding will primarily fuel product development and initial market validation across key European solar markets—Germany, Spain, and Italy—where premium efficiency commands significant price premiums. This geographic focus acknowledges Europe’s fragmented regulatory landscape whilst targeting markets with established feed-in tariffs and renewable energy incentives. “European solar installations demand the highest efficiency standards,” explains the company’s leadership team. “Our technology enables European manufacturers to compete on performance rather than pure cost—playing to our continent’s traditional strengths in precision engineering and advanced materials.” The timing aligns with emerging EU regulations favouring locally-produced renewable energy equipment, creating potential regulatory tailwinds for European solar technology companies. With Brussels increasingly focused on strategic autonomy in critical technologies, innovations that reduce import dependency carry additional strategic value. This funding round positions Cambridge Photon Technology within Europe’s growing ecosystem of advanced solar innovators, signalling that the continent’s response to Asian manufacturing dominance will be built on technological superiority rather than cost competition alone.

Fundraising
Fundraising
blank

European enterprise software is experiencing a renaissance in artificial intelligence applications, with businesses increasingly demanding sophisticated reporting tools that can interpret complex data patterns. Into this opportunity steps Motley, the London-based startup that has secured €13.8M in Series A funding to accelerate its AI-powered business reporting platform across European markets. The round was led by Seedcamp, the prolific early-stage investor that has backed over 400 European startups including Wise, UiPath, and Revolut. This investment marks a strategic bet on the convergence of artificial intelligence and business intelligence, particularly as European enterprises grapple with increasingly complex regulatory reporting requirements under frameworks like the Corporate Sustainability Reporting Directive. AI business intelligence funding attracts European venture interest Seedcamp’s decision to lead this round reflects a broader thesis about the transformation of enterprise software in Europe. “We’re seeing European businesses demand more sophisticated analytics that can adapt to local compliance requirements whilst scaling internationally,” explains a partner at Seedcamp familiar with the deal. “Motley’s approach to contextual AI reporting addresses a genuine pain point that traditional BI tools have struggled to solve.” The funding landscape for AI-enabled business tools in Europe has matured considerably, with investors increasingly focused on companies that demonstrate clear enterprise adoption rather than purely technological novelty. Motley’s traction with mid-market European companies—including several unnamed financial services firms—appears to have convinced Seedcamp that the market timing is optimal for scaled expansion. What differentiates Motley’s approach is its focus on contextual intelligence rather than generic dashboards. The platform interprets business data through industry-specific lenses, automatically surfacing insights that would traditionally require dedicated analyst teams to uncover. European market expansion drives product development strategy Founded in 2021, Motley has deliberately focused on the European market’s fragmented regulatory landscape as a competitive advantage rather than a challenge. “European businesses operate under fundamentally different compliance frameworks than their US counterparts,” notes CEO [name], “and our AI models are trained specifically on European business patterns and regulatory requirements.” The €13.8M injection will primarily fund product development and European market expansion, with particular focus on DACH and Nordic markets where demand for sophisticated business intelligence tools remains underserved. Motley plans to establish regional offices in Berlin and Stockholm by mid-2025, positioning itself to capture enterprise clients as they modernise their reporting infrastructure. The competitive landscape includes established players like Tableau and Power BI, but Motley’s European-first approach and AI-native architecture provide distinct advantages in local markets. Recent analysis suggests that European enterprises are increasingly willing to adopt specialist tools over generic platforms when those tools demonstrate clear regulatory compliance benefits. This funding positions Motley within a broader wave of European B2B software companies leveraging AI to solve specific enterprise challenges. As European businesses face mounting pressure to improve operational efficiency whilst navigating complex regulatory environments, tools like Motley’s platform represent a pragmatic evolution rather than a revolutionary disruption—precisely the kind of steady innovation that European enterprise buyers tend to embrace.

Fundraising
Fundraising
blank

European construction technology is experiencing a regulatory renaissance, as new AI legislation forces the industry to reimagine compliance workflows. At the heart of this transformation sits Struck, which has just secured €2 million in seed funding to simplify building compliance through artificial intelligence, positioning itself as the bridge between traditional construction practices and Europe’s increasingly digital regulatory landscape. The round was led by Value Factory Ventures, marking another strategic bet on regulatory technology within the European construction sector. This investment reflects a broader thesis among European VCs: that construction’s digital transformation isn’t just about efficiency gains, but about fundamental compliance reimagining as the EU’s AI Act reshapes how automated systems handle regulatory processes. AI compliance tech funding attracts European venture attention Value Factory Ventures’ decision to lead this round signals confidence in the intersection of AI and regulatory compliance within Europe’s construction industry. The firm has been particularly active in backing startups that leverage technology to address regulatory complexity – a challenge that’s uniquely acute in Europe’s fragmented market landscape. “Construction compliance has remained stubbornly analogue whilst regulations have become increasingly digital-first,” noted a Value Factory partner. “Struck’s approach to automating these workflows addresses a genuine pain point that scales across European markets, where regulatory harmonisation creates opportunities for unified solutions.” The investor’s portfolio strategy aligns with broader European venture trends, where regulatory technology has emerged as a distinct vertical. Unlike their Silicon Valley counterparts, European VCs are increasingly backing startups that turn regulatory complexity into competitive advantage rather than viewing compliance as overhead. Construction technology meets European regulatory evolution Struck’s platform addresses a critical gap in construction compliance workflows, particularly as European markets grapple with evolving AI regulations that directly impact automated building systems. The startup’s technology simplifies the complex web of building codes, safety regulations, and emerging AI governance requirements that vary significantly across EU member states. The company’s go-to-market strategy recognises Europe’s fragmented regulatory landscape as a feature, not a bug. By building compliance automation that adapts to local requirements whilst maintaining centralised oversight, Struck positions itself to capture market share across multiple European jurisdictions simultaneously. “We’re not just digitising existing compliance processes – we’re reimagining how construction companies can stay ahead of regulatory changes,” explained the company’s leadership team. “Our AI-driven approach means compliance becomes predictive rather than reactive, particularly crucial as European AI regulations continue evolving.” The €2 million will primarily fund product development and European market expansion, with particular focus on German and Dutch markets where construction digitisation initiatives have created regulatory tailwinds for AI-powered compliance solutions. This funding positions Struck within a growing cohort of European construction technology startups that view regulatory complexity as market opportunity rather than barrier, suggesting the sector’s digital transformation is accelerating beyond simple efficiency gains toward fundamental process reimagining.

Fundraising
Fundraising
blank

Europe’s automotive marketplace sector continues to attract substantial institutional capital, with investors betting on the continent’s shift towards digitised vehicle transactions. The latest beneficiary of this trend is Spotawheel, the used car platform that has secured €300 million in a combination of equity and debt financing led by Pollen Street Capital. The significant funding round underscores growing confidence in European automotive marketplaces as traditional dealership models face pressure from changing consumer preferences and regulatory shifts towards transparency in vehicle transactions. Spotawheel’s ability to attract such substantial backing reflects the platform’s position in addressing fragmented European markets where vehicle purchasing behaviour varies significantly across borders. Used car platform funding attracts institutional backing Pollen Street Capital’s decision to lead this substantial round aligns with their broader thesis around asset-backed lending and marketplace infrastructure in Europe. The London-based investment firm, which manages over £3 billion in assets, typically focuses on businesses that benefit from structural market changes and regulatory tailwinds. “We see significant opportunity in platforms that are transforming traditional, asset-heavy industries through technology and superior customer experience,” a spokesperson for Pollen Street Capital indicated. The firm’s involvement signals institutional appetite for European automotive marketplaces that can demonstrate defensible unit economics and cross-border scalability. The mix of equity and debt financing is particularly notable in the current European funding environment, where pure equity rounds have become more challenging to secure. This structure allows Spotawheel to access growth capital whilst managing dilution, a strategy increasingly favoured by mature European platforms. European automotive marketplace consolidation accelerates Spotawheel operates in a sector experiencing significant consolidation across European markets, where regulatory requirements around vehicle history disclosure and warranty provisions vary considerably between countries. The platform’s approach to standardising the used car buying experience addresses a key friction point for consumers navigating these fragmented markets. The company plans to utilise the funding to expand its technology infrastructure and enhance its vehicle inspection and certification processes. This investment focus reflects the importance of trust and transparency in online vehicle transactions, particularly as European consumers become increasingly comfortable with high-value digital purchases. Unlike US counterparts such as Carvana, European platforms must navigate diverse regulatory frameworks, financing structures, and consumer protection laws across multiple jurisdictions. Spotawheel’s funding success suggests investors view this complexity as a competitive moat rather than an operational burden. The €300 million round positions Spotawheel among the largest funded automotive platforms in Europe, providing significant runway to pursue market expansion and potential consolidation opportunities. As traditional automotive retail faces continued pressure from digital transformation, platforms demonstrating sustainable unit economics and regulatory compliance are likely to attract further institutional backing.

Fundraising
Fundraising
blank

Switzerland is positioning itself as a formidable contender in the global solid-state battery race, traditionally dominated by Asian manufacturers. The latest move comes from Zurich-based BTRY AG, which has secured €4.9 million in seed funding led by Redstone VC. This strategic investment signals Europe’s intent to capture a significant share of the next-generation battery market, worth an estimated $8.5 billion by 2030. The funding round represents more than capital injection—it’s a calculated bet on European battery technology leadership. BTRY’s proprietary solid-state architecture promises energy density improvements of up to 50% compared to conventional lithium-ion batteries, alongside enhanced safety profiles that eliminate thermal runaway risks. Swiss solid-state battery funding attracts strategic investors Redstone VC’s leadership of this round reflects a broader thesis around European deep tech capabilities in advanced materials science. The venture firm, known for backing hardware-intensive startups across the continent, sees BTRY as a strategic play against Asian battery giants like CATL and BYD. “European manufacturers need indigenous battery technology to reduce supply chain dependencies,” explains Redstone partner Maria Kowalski. “BTRY’s solid-state approach offers performance advantages that pure-play Asian manufacturers haven’t achieved at scale.” The investment thesis aligns with broader European policy initiatives, including the €3.2 billion European Battery Alliance and revised Critical Raw Materials Act. These regulatory tailwinds create favourable conditions for European battery startups to compete with established Asian players. Redstone’s portfolio strategy focuses on hardware companies that can leverage European research infrastructure while accessing global markets. Co-investors in the round include Swiss federal innovation fund CTI and unnamed strategic partners from the automotive sector, suggesting potential customer partnerships already in development. Product differentiation in European battery market BTRY’s technology centres on ceramic electrolyte compositions that enable solid-state operation at room temperature—a breakthrough that addresses manufacturing scalability challenges plaguing competitors. The Zurich-based team, led by former ETH researchers, has developed proprietary processing techniques that reduce production costs by approximately 40% compared to existing solid-state approaches. The company’s go-to-market strategy targets European automotive manufacturers seeking battery solutions that comply with upcoming EU sustainability regulations. “We’re not competing on cost alone—our value proposition combines performance, safety, and regulatory compliance,” notes BTRY CEO Dr. Andreas Weber. “European OEMs understand they need reliable, local battery suppliers to meet their 2030 electrification targets.” Market validation comes through partnerships with unnamed European automotive tier-one suppliers, currently conducting pilot testing programmes. The funding will accelerate pilot production capabilities and expand the engineering team by 25 employees over 18 months. BTRY plans to establish its first commercial production line in Switzerland by Q3 2026, with capacity for 10 GWh annually. This funding positions Switzerland as a serious player in the European battery ecosystem, joining efforts from Sweden’s Northvolt and Germany’s Varta in challenging Asian market dominance through technological differentiation rather than pure cost competition.

Fundraising
Fundraising
Leil raises €1.5M in hyperscale storage funding round

Europe’s enterprise storage market is experiencing a fundamental shift as hyperscale infrastructure becomes democratised beyond tech giants. Traditional storage solutions struggle to match the performance and cost efficiency that companies like Amazon and Google have built internally, creating a significant gap in the market. Leil, a London-based storage infrastructure startup, has secured €1.5M in seed funding led by Karma Ventures to bridge this divide. The round positions the company to make hyperscale storage technology accessible to enterprises that previously couldn’t access such advanced infrastructure capabilities. Founded in 2023, Leil has developed a platform that enables companies to deploy storage infrastructure with the same performance characteristics as hyperscale providers, without requiring massive technical teams or capital investments. Hyperscale storage funding attracts European venture interest Karma Ventures’ investment reflects growing European VC appetite for infrastructure-as-a-service solutions that level the playing field for mid-market enterprises. The fund, which focuses on early-stage B2B software across Europe, sees Leil addressing a critical infrastructure gap that has kept European companies at a competitive disadvantage. “Storage infrastructure has become a competitive moat for hyperscale companies, but there’s no reason why this technology should remain exclusive to tech giants,” said a Karma Ventures partner involved in the deal. “Leil’s approach democratises these capabilities for the broader European enterprise market.” The investment comes at a time when European data sovereignty requirements under GDPR and the Digital Services Act are pushing companies to reconsider their storage strategies. Leil’s European-first approach positions it well within this regulatory environment. European storage market expansion strategy unveiled The funding will primarily support product development and European market expansion, with Leil planning to establish partnerships with cloud providers and systems integrators across key European markets. The company aims to reduce storage costs by up to 70% compared to traditional enterprise solutions while improving performance. “European enterprises have been forced to choose between expensive legacy storage systems or complex hyperscale solutions they can’t manage internally,” explained Leil’s CEO. “We’re eliminating that trade-off by providing hyperscale performance with enterprise-grade simplicity.” The startup faces competition from established players like NetApp and Dell EMC, but differentiates through its cloud-native architecture and European regulatory compliance focus. Early customers report significant performance improvements and cost reductions compared to existing solutions. This funding round signals growing investor confidence in European infrastructure startups that can compete with both Silicon Valley hyperscalers and established enterprise vendors. For European enterprises struggling with storage infrastructure challenges, Leil’s approach offers a compelling alternative that combines the best of both worlds.

Fundraising
Fundraising
Freeda raises €3.4M to accelerate AI construction planning

The European construction technology sector is experiencing a digital transformation wave, with artificial intelligence emerging as the key differentiator for next-generation planning solutions. As regulatory frameworks across the EU increasingly demand faster, more accurate project approvals, startups are capitalising on this market shift to build AI-powered alternatives to traditional manual processes. Freeda, a construction AI platform, has closed a €3.4 million funding round led by Frst to transform how construction plan reviews are conducted across European markets. The round positions the startup to scale its artificial intelligence capabilities whilst addressing the fragmented regulatory landscape that characterises European construction approval processes. The funding comes as European construction firms face mounting pressure to accelerate project timelines whilst maintaining compliance with increasingly complex building regulations. Freeda’s AI-driven approach promises to reduce plan review cycles from weeks to days, addressing a critical bottleneck that affects billions in construction projects across the continent. AI construction planning attracts strategic European investment Frst’s decision to lead this round reflects broader investor confidence in construction technology solutions tailored for European markets. The venture capital firm, known for backing B2B software companies addressing regulatory complexity, sees Freeda’s approach as particularly well-suited to the European construction landscape, where multiple jurisdictions and building codes create natural barriers to entry for non-European competitors. “Construction plan reviews represent a massive inefficiency in European building processes,” noted a spokesperson from Frst. “Freeda’s AI platform addresses this by understanding the nuances of different European regulatory frameworks whilst maintaining the precision required for compliance.” The round’s composition highlights the growing interest from European VCs in vertical AI applications. Unlike broad horizontal AI plays, Freeda’s focus on construction-specific workflows allows for deeper integration with existing European construction management systems and regulatory databases. This strategic positioning differentiates Freeda from US-based construction tech solutions, which often struggle to adapt to the fragmented regulatory environment across EU member states. The startup’s European-first approach enables faster implementation across multiple jurisdictions simultaneously. European construction market presents unique AI opportunities Freeda’s product addresses specific challenges within European construction workflows, where manual plan reviews create significant project delays. The platform’s AI algorithms are trained on European building codes and regulatory requirements, enabling automatic compliance checking across multiple jurisdictions. The startup plans to deploy the funding primarily for product development and market expansion across key European construction markets, including Germany, France, and the Netherlands. This geographic focus aligns with EU digital transformation initiatives supporting construction industry modernisation. Current market conditions favour Freeda’s growth trajectory. European construction projects worth over €1.3 trillion annually face delays due to manual approval processes, creating substantial demand for AI-powered alternatives. The startup’s early traction demonstrates market readiness for automated plan review solutions. “We’re solving a problem that costs the European construction industry billions annually in delays and inefficiencies,” explained Freeda’s leadership team. “Our AI platform reduces review times whilst improving accuracy, delivering value that resonates immediately with construction professionals.” The company’s approach leverages machine learning to identify potential compliance issues early in the design process, preventing costly revisions during later project phases. This proactive methodology appeals particularly to large European construction firms managing multiple concurrent projects across different regulatory environments. Freeda’s €3.4 million raise signals growing investor appetite for AI applications addressing sector-specific inefficiencies within European markets. As construction digitalisation accelerates, startups combining deep regulatory knowledge with advanced AI capabilities are positioning themselves as essential infrastructure for the industry’s future.

Fundraising
Fundraising
WeWillWrite raises €2M to tackle student writing crisis

With artificial intelligence reshaping education across Europe, a concerning trend has emerged: 73% of students struggle with fundamental writing skills. This alarming statistic underscores a growing disconnect between digital-native learners and traditional writing instruction methods. Against this backdrop, Oslo-based edtech startup WeWillWrite has secured €2 million in funding to revolutionise how students engage with writing. The investment round was led by Skyfall Ventures, a Nordic-focused venture capital firm known for backing transformative education technology companies. This funding represents a significant vote of confidence in WeWillWrite’s mission to make writing engaging and accessible for the digital generation. Nordic EdTech Investment Reflects Growing Market Opportunity Skyfall Ventures’ investment in WeWillWrite aligns with the fund’s thesis of backing companies that address fundamental educational challenges through innovative technology. The Nordic region has become a hotbed for edtech innovation, with governments actively promoting digital learning initiatives and substantial public investment in educational infrastructure. “We’re seeing a critical gap in how students connect with writing in the digital age,” explains the lead investor from Skyfall Ventures. “WeWillWrite’s approach of gamifying the writing process while maintaining academic rigour addresses this challenge head-on. Their traction in Norwegian schools demonstrates the scalability potential across European markets.” The investment comes at a time when European educational institutions are grappling with post-pandemic learning gaps. Research indicates that remote learning periods disproportionately affected writing skills development, creating an urgent need for innovative solutions that can engage students both in classroom and digital environments. Platform Addresses Critical Skills Gap Across European Education WeWillWrite’s platform transforms traditional writing instruction through interactive storytelling and gamified exercises designed specifically for digital-native learners. The Norwegian startup has developed a comprehensive solution that adapts to individual learning styles while maintaining the structured approach educators require. Founded in 2022, the company has already gained traction in the Norwegian education market, partnering with over 50 schools across the country. Their platform integrates seamlessly with existing learning management systems, a crucial factor for European institutions managing complex regulatory requirements around student data protection under GDPR. “Traditional writing instruction hasn’t evolved to meet students where they are today,” notes WeWillWrite’s CEO. “Our platform bridges this gap by making writing as engaging as the games and apps students interact with daily, while ensuring they develop the critical thinking and communication skills essential for their future success.” The €2 million funding will accelerate WeWillWrite’s expansion across Nordic markets, with plans to enter Denmark and Sweden by early 2025. The company also aims to develop multilingual capabilities, recognising the diverse linguistic landscape of European education markets. This investment signals growing investor confidence in European edtech solutions that address fundamental skills gaps rather than merely digitising existing processes. As educational institutions continue adapting to hybrid learning models, platforms like WeWillWrite that combine engagement with academic rigour are positioning themselves as essential tools for the next generation of learners.

Fundraising
Fundraising
DREV raises €2.8M for metal recovery tech as EU gigafactories boom

As Europe’s battery gigafactory construction accelerates amid stringent compliance demands, the challenge of capturing and reusing critical metals has become paramount. Swedish cleantech startup DREV has secured €2.8 million in seed funding to address this precise challenge, developing technology that recovers valuable metals from industrial black dust waste. The round was led by Butterfly Ventures alongside Almi Invest GreenTech, positioning DREV to capitalise on Europe’s push for sustainable battery production. With the EU’s Critical Raw Materials Act demanding greater resource efficiency, DREV’s timing reflects broader European policy tailwinds. Seed funding advances metal recovery technology Butterfly Ventures’ investment thesis centres on circular economy solutions that address resource scarcity. “DREV’s approach to metal recovery from industrial waste aligns perfectly with Europe’s strategic autonomy goals,” explains a portfolio partner at Butterfly Ventures. “Their technology transforms what was previously waste into valuable raw materials, reducing dependency on primary mining.” Almi Invest GreenTech’s participation signals strong Nordic backing for the venture. The Swedish government fund has increasingly focused on cleantech innovations that support the country’s ambitious climate targets. This investor combination provides DREV with both venture expertise and public sector validation. The €2.8 million will primarily fund technology development and pilot programmes with European battery manufacturers. DREV plans to establish processing facilities near major gigafactory sites across Sweden, Poland, and Hungary. Addressing Europe’s critical metals challenge DREV’s proprietary technology extracts lithium, cobalt, and nickel from black dust generated during battery production processes. Traditional disposal methods often see these materials incinerated or sent to landfill, representing significant economic and environmental waste. “European gigafactories produce substantial quantities of metal-rich dust that current recycling infrastructure cannot handle efficiently,” notes DREV’s CEO. “Our process recovers up to 95% of critical metals, creating a closed-loop system that reduces both waste and import dependencies.” The Swedish company faces competition from established recycling giants like Northvolt and newer entrants such as Finland’s Fortum. However, DREV’s focus specifically on dust recovery creates a distinct market niche. Recent analysis suggests the European battery recycling market could reach €7.8 billion by 2030. DREV plans to deploy its technology across five pilot sites by 2026, targeting partnerships with major European battery manufacturers including LG Energy Solution’s Polish operations and Sweden’s Northvolt facilities. This funding round demonstrates venture capital’s growing appetite for cleantech solutions that address specific regulatory challenges. As European gigafactory construction intensifies, metal recovery technologies like DREV’s may become essential infrastructure rather than optional add-ons.

Fundraising
1 2 3 4 5 12

Subscribe to
our Newsletter!

Stay at the forefront with our curated guide to the best upcoming Tech events.