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European Tech Weekly: €1.7B in Funding Led by Open Cosmos, Exein and EUCLYD
European tech recorded more than 70 tracked funding deals worth over €1.7 billion this week, plus more than 10 exits, M&A transactions and reported deals. Open Cosmos raised €300 million for satellite intelligence and connectivity, while Exein raised $270 million at a $1.7 billion valuation and EUCLYD raised more th...
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Key takeaways
- European tech recorded more than 70 tracked funding deals worth over €1.7 billion this week, plus more than 10 exits, M&A transactions and reported deals.
- Open Cosmos raised €300 million for satellite intelligence and connectivity, while Exein raised $270 million at a $1.7 billion valuation and EUCLYD raised more than €200 million in a Series A.
- The activity comes as Europe’s AI debate increasingly centers on sovereignty, compute capacity and the scale of investment needed to compete globally.
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openai.comCreate a landscape editorial hero image for this Studio Global article: What were the main developments in European tech this week, including the tracking of more than 70 funding deals worth over €1.7 billion and. Article summary: European tech saw a very active week: Tech.eu tracked more than 70 funding deals worth over €1.7 billion, alongside more than 10 exits, acquisitions, transaction reports and rumours. The standout theme was large-scale in. Topic tags: general, general web. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fake numbers, clic
European technology investment had a high-volume week, with more than 70 tracked funding deals worth over €1.7 billion and more than 10 exits, acquisitions, transactions and rumours in the broader roundup. The largest announcements clustered around capabilities that are becoming strategically important for the region: satellite infrastructure, cybersecurity and AI hardware. 3
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The week’s biggest funding rounds
Open Cosmos secured €300 million to expand satellite manufacturing and accelerate the deployment of connectivity and Earth-observation services. The European satellite company’s round included investors such as ETF Partners, Lightrock, British Columbia Investment Management Corporation and Institut Català de Finances. 2
Other headline financings included:
- Exein, the Italian cybersecurity company, raised $270 million at a $1.7 billion valuation.
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- Fever, the Spain-founded live-entertainment platform, raised $250 million in a round led by EQT.
- EUCLYD, a Dutch AI-chip startup, raised more than €200 million in a Series A and appointed former ASML chief executive Peter Wennink as chairman.
Taken together, these rounds point to a funding market where investors are still willing to write large checks—particularly for companies building infrastructure, security and compute-related technology rather than only consumer software.
Acquisitions broaden the activity beyond venture funding
The week also brought a series of corporate moves. Switzerland’s Endra launched Power Studio and acquired Planlabs as part of its expansion into mechanical engineering. 10
The wider roundup also included Belgium’s LeHibou acquiring Afarax, the Vienna Stock Exchange taking a majority stake in German data company North Data, and France’s Fime acquiring cybersecurity-testing specialist Red Alert Labs. 3
AI sovereignty remains Europe’s central strategic question
Behind the individual deals is a bigger policy and capital-market issue: whether Europe can build enough AI infrastructure and financing capacity to remain competitive with the US and China. A report highlighted in the weekly coverage warned of an “acute risk of marginalisation” without investment on the scale needed for AI funding and infrastructure. 3
That concern helps explain why AI chips, compute, data control and satellite intelligence are drawing attention. They are not simply software categories; they are parts of the industrial and digital stack that determine who can develop, deploy and govern advanced technology.
What to watch next
For founders and investors, the important takeaway is not merely the weekly total. Europe’s largest rounds are increasingly concentrating in sectors with long development cycles, capital requirements and strategic relevance. That can create opportunities for earlier-stage companies supporting the same stack—from edge orchestration and secure data management to specialized AI applications.
For deal-level research, Tech.eu describes its Funding Explorer as a free, open platform for exploring European technology funding data. 11
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What is the short answer to "European Tech Weekly: €1.7B in Funding Led by Open Cosmos, Exein and EUCLYD"?
European tech recorded more than 70 tracked funding deals worth over €1.7 billion this week, plus more than 10 exits, M&A transactions and reported deals.
What are the key points to validate first?
European tech recorded more than 70 tracked funding deals worth over €1.7 billion this week, plus more than 10 exits, M&A transactions and reported deals. Open Cosmos raised €300 million for satellite intelligence and connectivity, while Exein raised $270 million at a $1.7 billion valuation and EUCLYD raised more than €200 million in a Series A.
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The activity comes as Europe’s AI debate increasingly centers on sovereignty, compute capacity and the scale of investment needed to compete globally.