Companies

$965B

Artificial Intelligence · 2026-05

Anthropic crossed a $47B revenue run-rate and a $965B valuation in 2026, overtaking OpenAI as the world's most valuable AI startup.

$852B

Artificial Intelligence · 2026-03

OpenAI closed $122B at an $852B valuation in March 2026, the largest private financing on record, and now runs ChatGPT for more than 900 million weekly users.

$661B

Semiconductors · 2026-08

ASML raised its 2026 sales guidance to €43-45bn after a €9.3bn second quarter, and at a $661bn market cap is the most valuable listed company in Europe.

$188B

Software · 2026-07

Databricks signed a term sheet in July 2026 at a $188B valuation (a 40% step-up in five months) on a $5.4B revenue run-rate growing more than 65% a year.

$159B

Fintech · 2026-02

Stripe processed $1.9 trillion for businesses in 2025 (roughly 1.6% of global GDP) and was valued at $159B in a February 2026 employee tender offer.

$115B

Fintech · 2026-07

Revolut priced an employee share sale at a $115bn valuation in July 2026, making it Europe's most valuable private company and worth more than Barclays.

$97.67B

Media & Entertainment · 2026-08

Spotify crossed 300 million paying subscribers and 777 million monthly users in Q2 2026, yet the stock is down roughly 28% over the year on rising AI costs.

$44B

Fintech · 2026-06

Ramp reached a $44B valuation in June 2026, up from $13B fifteen months earlier, with more than 70,000 businesses running spend through it.

$42B

Software · 2025-08

Canva ended 2025 on $4B of annual recurring revenue with 265 million monthly users, and last priced itself at $42B in an employee share sale.

€29.79B

Fintech · 2026-08

Adyen processed €1.39 trillion of payments in 2025 for the likes of Meta, Uber and eBay, but its shares are down about 36% over the year to a €29.8B market cap.

$29.3B

AI · 2025-11

Anysphere, the four-year-old MIT spinout behind the Cursor code editor, agreed in June 2026 to sell itself to SpaceX for $60B in stock, the largest acquisition in developer tooling, on roughly $2.6B of annualized revenue.

$28.68B

Software · 2026-08

Bending Spoons owns AOL, Vimeo, Evernote, WeTransfer and Eventbrite, and went public on Nasdaq in July 2026 at an $18.4B valuation.

$20B

AI · 2025-09

Perplexity more than doubled annualized revenue to over $450M in a single quarter after switching to usage-based pricing, and is now spending its capital on Comet, the browser it wants agents to start their work in.

$18B

Defence · 2026-07

Helsing raised $1.8bn at an $18bn valuation in July 2026 (the largest private defence-tech round in European history) and now builds more than 1,000 GPS-independent AI strike drones a month.

$17.5B

Software · 2022-01

Miro has not raised since January 2022, when $400M valued it at $17.5B, and now runs 100 million users and 250,000 customers on 1,600 staff.

$17.3B

HR tech · 2025-10

Deel raised $300M at a $17.3B valuation in October 2025 while defending a corporate-espionage suit from Rippling, and told Bloomberg in March 2026 it had passed $1.4B in annualized recurring revenue.

$16.8B

HR tech · 2025-05

Rippling passed $1B in ARR growing 78% year on year in April 2026, three years after Greenoaks wired it $500M in seventy-two hours during the Silicon Valley Bank collapse.

$15.5B

Fusion · 2026-06

Helion Energy ran its Polaris prototype at 150 million °C in January 2026, the first privately funded machine to do bulk deuterium-tritium fusion, and is building Orion in Malaga, Washington to sell Microsoft power from 2028.

Kč15.1B

Software · 2024

JetBrains has never taken outside capital, and still grew revenue 25.69% in 2025 to reach 12.5 million recurring active users and 88 of the Fortune Global Top 100.

$14.6B

Artificial Intelligence · 2026-03

Nscale raised $2B at a $14.6B valuation in March 2026, the largest venture round in European history, to build the data centres behind Microsoft's GPU fleet.

$14.16B

Athletic & Performance Apparel · 2026-08

Lululemon did $11.10B of revenue in fiscal 2025 but has lost roughly 60% of its market value from its 52-week high, and now guides fiscal 2026 to a flat-to-down year.

$13B

Software · 2026

Celonis reads the event logs inside SAP and Oracle to show how work actually flows through a company, and at a $13B valuation is now selling that map as the context layer enterprise AI agents run on.

$12.78B market cap

Software · 2026-08

Figma grew revenue 48% to $370.1M in Q2 2026 and the stock fell 15% the next day, because the cost of running its AI features rose 117% while the features are still mostly free.

$12.62B market cap

Fintech · 2026-08

Wise moved its primary listing from London to Nasdaq in May 2026 and then reported FY26 net revenue of $2.5B, having carried $243bn across borders for 19 million customers at an average take rate of 52 basis points.

€12.5B

Fintech · 2025-12

Trade Republic became Germany's most valuable startup at a €12.5bn valuation after a €1.2bn secondary round led by Founders Fund, with 10 million customers and €150bn of assets on the platform.

$12.36B

Athletic & Performance Apparel · 2026-08

On grew 2025 net sales 30% to CHF 3.01B, its first year above CHF 3 billion, then handed the CEO job back to its co-founders as growth cooled.

$12B

Fintech · 2025-09

Checkout.com processed $300bn of payments in 2025 and returned to full-year EBITDA profitability, four years after its $40bn valuation collapsed to $12bn.

$12B

Artificial Intelligence · 2025-07

Thinking Machines Lab closed a $2 billion seed round at a $12 billion valuation in July 2025, one of the largest seed rounds in Silicon Valley history.

€11.7B

Artificial Intelligence · 2025-09

Mistral AI grew ARR 20x to over $400M in a year and is in talks to raise about €3B at roughly €20B, on the argument that Europe needs its own frontier lab.

$11B

Artificial Intelligence · 2026-02

ElevenLabs passed $500M ARR in the first four months of 2026, four months after a $500M Series D valued the London voice-AI company at $11B.

$11B

Legal Tech · 2026-03

Harvey reached an $11B valuation in March 2026, 3.5x its mark a year earlier, with 100,000 lawyers across 1,300 organisations running work on it.

$11B

Software · 2026-01

Notion sold $270M of employee shares to GIC, Sequoia and Index at an $11B valuation in January 2026, with more than half its $600M of recurring revenue now coming from AI-enabled customers.

$11B

Healthtech · 2025-10

Oura filed confidentially for a US IPO in May 2026, eight months after a $900m Series E valued the smart-ring maker at $11bn on roughly $1bn of 2025 sales.

$10.5B

Software · 2026-06

Supabase raised $500M at $10.5B in June 2026, seven months after its last round, because AI coding agents now create most of the databases on its platform.

€10B+

Space · 2026-06

ICEYE crossed €250m of revenue and €100m of EBITDA in 2025 and raised over €1bn in June 2026 at a valuation above €10bn, one of the few European space companies that is properly profitable.

$9.3B

Developer infrastructure · 2025-09

Vercel closed a $300M Series F at $9.3B in September 2025 co-led by Accel and GIC, on the back of Next.js passing 500 million downloads in twelve months.

~$9B pre-money

Neurotechnology · 2025-06

Neuralink had 21 people enrolled with its N1 implant by January 2026, up from three at the end of 2024, with no serious device-related adverse events reported, and nothing it makes approved for sale anywhere.

$9B

Energy · 2024

Octopus Energy powers almost 15 million British meter points (about 26% of the home energy market) and is spinning out its Kraken software arm at an $8.65B valuation.

$8.6B

Artificial Intelligence · 2026-02

Wayve closed a $1.2B Series D in February 2026 at an $8.6B post-money valuation (part of $1.5B secured) and by August had Private Hire Vehicle licences from Transport for London for its driverless cars.

$8.5B

HR tech · 2022-06

Personio now serves 16,000 small and mid-sized European businesses covering a million employees, but its last priced valuation is the $8.5B it took from Greenoaks in June 2022 and it has not raised since.

$8B

Defence · 2026-07

Quantum Systems raised a $1.2bn Series D in July 2026 at roughly $8bn, more than doubling its valuation in eight months on the back of 19,000 Ukrainian combat missions and self-reported profitability.

€8B

Fintech · 2022-06

SumUp puts card readers in the hands of more than 4 million small businesses across 38 countries, and is weighing a listing that would value it at up to $15B.

€8B

Marketplace · 2026-04

Vinted completed an €880M secondary in April 2026 at an €8B equity valuation, after 2025 GMV grew 47% to €10.8bn on €1.1bn of revenue and €62m of net profit.

$7.66B

Fintech · 2026-08

Klarna has been public on the NYSE since September 2025 and trades at a $7.7B market cap (half its IPO valuation) despite Q1 2026 revenue rising 44% to $1.0B.

$7.5B

Artificial Intelligence · 2026-01

Fluidstack confirmed an $830M Series A at a $7.5B valuation, closed in January 2026 on the back of a $50B contract to build Anthropic's data centres.

€7.4B

Mobility · 2022-01

Bolt reached a €3bn revenue run-rate and €12bn+ of GMV by December 2025, serving over 200 million customers in 50-plus countries while staying cash-flow positive since 2024.

~$7B

Healthtech · 2026-07

Neko Health closed a $700m Series C in July 2026 at a valuation of almost $7bn (roughly four times its January 2025 mark) to take Daniel Ek's £299 body scan to New York.

$7B

Robotics · 2026-06

NEURA Robotics raised a Series C of up to $1.4bn in June 2026 from Tether, NVIDIA, Amazon, Qualcomm, Bosch and the EIB, which it calls the largest round ever for a full-stack robotics company, at a reported ~$7bn valuation.

€7B

Software · 2026-01

Odoo hit a €7B valuation in January 2026 on €650M of 2025 billings and 170,000 paying customers, a number reached through secondary share sales, not fresh capital.

$7B

Quantum computing · 2025-09

PsiQuantum is building million-qubit photonic quantum computers in two purpose-built halls (Moreton Bay near Brisbane and Chicago's Illinois Quantum and Microelectronics Park) with its Omega chips fabricated on a standard GlobalFoundries line.

$6.6B

AI · 2025-12

Lovable hit $500M in annualized revenue in June 2026, less than three years after launch, and is in talks to double its valuation to $13.2B.

$6.5B

Fintech · 2021-06

Mollie raised an $800M Series C at a $6.5B valuation in 2021 and in December 2025 agreed to acquire UK rival GoCardless to build what it calls Europe's most complete payment platform.

$6B

Energy · 2026-08

Valar Atomics raised a $1B Series B led by Sequoia at a $6B valuation, six weeks after its Ward 250 reactor became the first startup-built reactor to go critical outside a national lab.

$5.9B

Fintech · 2024-10

Monzo grew revenue 39% to £1.7bn in the year to March 2026, quit the US, and is now lining up a London IPO reportedly targeting £6-7bn.

$5.8B

Industrials · 2025-07

Yondr Group, a London-headquartered developer of hyperscale data centers, was sold by Cathexis Holdings to DigitalBridge and La Caisse for $5.8B in a deal that closed in July 2025.

$5.6B

Legal Tech · 2026-04

Legora tripled its valuation to $5.55B in March 2026, three years after three Stockholm founders started building a legal AI workspace, and now has more than 1,000 firms and in-house teams on it.

€5.5B

Insurtech · 2026-06

Alan raised a €480m Series G led by Prosus in June 2026 at a €5.5bn valuation, on more than €800m of ARR growing 53% a year and profitability in France.

$5.5B

Athletic & Performance Apparel · 2024-11

Vuori was valued at $5.5B in an $825M secondary tender in November 2024 and cleared 100 owned stores in August 2025, six months ahead of its own target.

$5.2B

AI · 2026-05

n8n doubled to a $5.2B valuation in May 2026 when SAP took a stake and agreed to embed it inside Joule Studio, making it Germany's most valuable AI startup.

$5.1B

Artificial Intelligence · 2026-04

Ineffable Intelligence raised a $1.1B seed at a $5.1B valuation months after David Silver left DeepMind, the largest seed round in European history.

~$5B

Gaming · 2025-05

Dream Games was valued at nearly $5 billion in a May 2025 CVC Capital Partners-led recapitalization, up from $2.75 billion in early 2022, on the strength of its hit puzzle game Royal Match.

€4.9B

Fintech · 2021-12

Mambu raised a €235M Series E at a €4.9B valuation in December 2021, the largest financing round on record at the time for a banking software platform, and now sells an 'Intelligent Core' that embeds AI agents into banking operations.

$4.5B

Artificial Intelligence · 2025-12

fal.ai doubled annualized revenue to $400M in the four months to February 2026 by running the inference behind other companies' image and video models.

$4.5B

AI · 2023-08

Hugging Face crossed a $100M annual revenue run rate in June 2026 while still carrying the $4.5B valuation it was marked at in August 2023; it has not raised since.

€4.4B

Fintech · 2022-01

Qonto reached 600,000 European business customers and applied for a full French banking licence in July 2025, having been profitable since 2023 and untouched by primary fundraising since its €4.4B mark in January 2022.

$4.25B

Fintech · 2026-01

Pennylane raised a €175m Series E in January 2026 at a $4.25bn valuation (roughly double its April 2025 mark) with ARR past €115m and about 5% dilution.

$4B

raised · Fusion

Commonwealth Fusion Systems is finishing assembly of SPARC in Devens, Massachusetts, and says the machine will cross Q>1 in 2027, the first tokamak to get more energy out of the plasma than went into it.

$4B

Artificial Intelligence · 2025-11

Luma AI raised $900M led by Saudi Arabia's HUMAIN at about $4B, and is moving much of its compute to a 2-gigawatt cluster in the kingdom.

$4B

Artificial Intelligence · 2026-01

Synthesia raised a $200M Series E at a $4B valuation in January 2026, nearly doubling its price in a year on the back of $100M+ ARR from enterprise training video.

$3.5B pre-money

Artificial Intelligence · 2026-03

AMI Labs raised $1.03B in Europe's largest ever seed round at a $3.5B pre-money valuation, betting Yann LeCun is right that language models are a dead end.

$3.25B

Artificial Intelligence · 2025-12

Black Forest Labs raised $300M at $3.25B in December 2025 with a team of about 70, and its FLUX models are what Adobe, Canva, Meta and Microsoft reach for when they need image generation.

$3.1B

Longevity · 2026-06

NewLimit raised $435M at a $3.1bn valuation in June 2026 on the strength of a preclinical liver candidate that made old human hepatocytes behave young in mice; its first human trial is planned for 2027.

$3B

Software · 2020-10

Bird, renamed from MessageBird in 2024, was valued at $3B in its 2020 Series C, and in November 2025 made an unsolicited €165.8M bid for Dutch rival CM.com, which the target's board rejected days later.

€3.0B

Retail · 2025-11

Picnic raised €430M in November 2025 at a €3.0B valuation, closing its tenth year with revenue up nearly a quarter to over €1.9B and a widened net loss of €272M as it keeps investing in German expansion.

$2.7B

raised · Artificial Intelligence

Isomorphic Labs raised $2.1B in May 2026 to scale IsoDDE, its AI drug design engine, without disclosing a valuation, and still has no drug in a human trial.

$2.7B

Software · 2025-01

Perk, formerly TravelPerk, crossed $300M in annualized revenue in 2025 growing 48%, and raised a $300M private credit facility in June 2026 to fund its US push.

$2.59B

Athletic & Performance Apparel · 2026-03

Hoka booked $2.587B of net sales in Deckers' fiscal 2026, up 15.9%, but quarterly growth has since halved to 7.7% as the maximalist-cushioning boom matures.

€2.5B

Fintech · 2022-06

Backbase took its first external funding in 2022, €120M from Motive Partners at a €2.5B valuation, after 19 years of bootstrapping, and in June 2026 acquired agentic-AI banking startup Kasisto.

$2.5B

Health · 2025-11

Function Health raised a $298M Series B led by Redpoint Ventures at a $2.5B valuation, having run more than 50 million lab tests for members since 2023.

£2.5B

Fintech · 2022-04

Starling Bank made £217m of pre-tax profit on £887m of revenue in the year to March 2026: its fifth profitable year, but its second straight decline as rate cuts exposed how little of its income is fee-based.

€2.4B

Fusion · 2026-07

Proxima Fusion raised €411M in July 2026 at a €2.4bn valuation, making the Max Planck spin-out Europe's best-funded fusion company as it builds the model coil for a quasi-isodynamic stellarator.

$2.25B equity value (acquisition)

Software · 2026-08

Airtable agreed in August 2026 to sell itself to Bending Spoons for a $1.285B enterprise value: roughly a tenth of the $11B it was marked at in 2021, and only 2.7x its $480M of ARR.

$2.2B post-money

Defence · 2026-06

Allen Control Systems raised a $200M Series B at a $2.2B post-money valuation for Bullfrog, a robotic gun turret that shoots down drones with a standard M240 machine gun.

$2B

AI · 2024-05

DeepL announced in May 2026 it would cut about 250 jobs, a quarter of its workforce, as generalist models from OpenAI, Google and Anthropic ate into the translation market it built a $2B valuation on.

$2B

Design Software · 2025-08

Framer raised $100M in an unsought Series D in August 2025 at a $2B valuation after running break-even for a year, then shipped Framer 3.0 with AI agents built into the design canvas in June 2026.

$2.0B pre-money (announced SPAC terms)

Quantum computing · 2026-03

Pasqal is going public on Nasdaq as PSQL through a $2.0bn business combination with Bleichroeder Acquisition Corp. II, with shareholders due to vote on 25 August 2026.

$1.8B

Fintech · 2023-07

bunq was valued at $1.8B in a flat 2023 inside round, and on 7 August 2026 had its US national bank charter application rejected by regulators, days after crossing 20 million users.

$1.8B pre-money

Longevity · 2026-05

Retro Biosciences dosed the first humans with RTR242, an oral drug meant to restart autophagy, in December 2025: a Phase 1 safety study in Australia, and the only ageing-biology programme from the Altman-funded cohort to reach the clinic.

$1.55B post-money

AI Infrastructure · 2026-06

TensorWave raised a $350M Series B at a $1.55B post-money valuation co-led by Magnetar and AMD Ventures, running an AI cloud built entirely on AMD chips rather than Nvidia's.

$1.5B

Artificial Intelligence · 2026-03

Granola raised a $125M Series C led by Index Ventures at a $1.5B valuation in March 2026, six times its mark ten months earlier, on a team of about 55 people.

€1.4B

Defence · 2026-01

Harmattan AI became France's first defence unicorn in January 2026 at €1.4bn, then won the country's largest-ever single-type drone order: 5,000 more Sonora quadcopters at under €1,000 each.

$1.35B

Robotics · 2026-07

Humanoid raised a $152M Series A at a $1.35B post-money valuation in July 2026, two years after being founded, becoming Europe's first pure-play humanoid robotics unicorn.

$1.3B

AI for science · 2025-09

Periodic Labs raised a $300M seed (one of the largest ever) to build AI scientists and the autonomous powder-synthesis labs they run, and has published no discovered material yet.

$1.25B

Software · 2025-06

Linear passed 20,000 paid business customers with a team of 118 and has never burned money on a lifetime basis, seven years after starting as a faster alternative to Jira.

$1B

Software · 2024-02

DataSnipper raised a $100M Series B at a $1B valuation in February 2024, and by January 2026 said its AI automation platform had delivered over $1.4B in productivity savings for audit and finance teams in 2025 alone.

$1B+

Software · 2021-04

Hotmart was founded in Belo Horizonte, Brazil in 2011 and later moved its global headquarters to Amsterdam; a 2021 funding round pushed its valuation past $1B, and by March 2024 creators had earned a cumulative $10B on its platforms.

$1B+

Gaming · 2026-02

Loom Games reached unicorn status four months after launching its debut title Pixel Flow!, when Scopely agreed in February 2026 to acquire a majority stake in a deal valuing the Istanbul studio at over $1 billion.

>$1B

Biotech · 2021-11

Owkin is building MOSAIC, a $50m spatial-omics atlas of 7,000 tumour samples it says is a hundred times larger than any previous dataset of its kind, and its unicorn valuation still dates from Sanofi's 2021 cheque.

€1B+

Fintech · 2026-06

Satispay is raising up to €120m (about €60m of it already committed by Greyhound, Addition and Lightrock) to bolt stock trading, ETFs and pensions onto a payments app now running past €116m of ARR.

~€800M

raised · Space · 2026-06

Isar Aerospace raised a €270m Series D in June 2026 alongside a 15-21 June launch window for Spectrum's second flight, which had still not flown by August after at least five scrubbed attempts.

$600M

Gaming · 2020-06

Peak Games was acquired by Zynga for approximately $1.8 billion in June 2020, three years after selling its card-games studio to the same buyer for $100 million.

$550M

raised · AI for science · 2025-10

Lila Sciences has raised $550m to build "AI Science Factories" and claims hundreds of validated antibodies and a non-platinum-group hydrogen catalyst, none of it published in a peer-reviewed journal.

~$500M

Fintech · 2026-03

OpenFX raised a $94M Series A led by Accel and Atomico at a reported $500M valuation, settling cross-border payments over stablecoins at an annualised $45B a year.

€385M

raised · Fusion · 2025-03

Marvel Fusion has raised €385M in private and public money for a laser fast-ignition approach, and in July 2026 was picked with Focused Energy to lead the German government's Laser Fusion Hub.

$345M

raised · Neurotechnology

Synchron reaches the brain through a blood vessel instead of a craniotomy, has implanted ten people across trials in the US and Australia, and raised $200M in November 2025 to fund the pivotal study it still has to run.

$335M

raised · Fusion

Tokamak Energy's Demo4 magnet system hit 11.8 tesla in November 2025 (the first complete high-temperature superconducting magnet set to reach fusion-power-plant field strengths) and its ST40 tokamak then pushed to 1 MA of plasma current.

$307.7M

Space · 2026-01

Planet Labs hit record annual revenue of $307.7m in the year to January 2026 and its first full year of positive free cash flow, with nine high-resolution Pelican satellites on orbit.

$230M

raised · Climate · 2026-07

Quaise Energy raised $134M in the first close of a Series B led by Prelude Ventures to drill a 50MW geothermal plant in Oregon using millimetre-wave beams that vaporise rock.

~$225M

raised · Biotech

bit.bio cut around a quarter of its staff in 2025, wound down its own cell therapy programmes and raised a $50m Series C led by M&G in January 2026 as a supplier of defined human cells rather than a drug developer.

€223.7M (H1 2026)

Biotech · 2026-06

BioNTech has 14 pivotal oncology trials running and €16.6bn in the bank, and made €105.6m of revenue in the second quarter of 2026, a company living entirely off the Covid windfall while it tries to become a cancer business.

$200.3M (Q1 2026)

Space · 2026-03

Rocket Lab posted record quarterly revenue above $200m and a $2.2bn backlog in Q1 2026, and sold more launches in that one quarter than in all of 2025, while Neutron still has not flown.

$200M+

Artificial Intelligence · 2026-03

Midjourney has taken no outside investment in five years and told The Information in March 2026 that revenue is now significantly above $200M.

$200M+

raised · Materials · 2025

Sublime Systems lost its $87m Department of Energy award to Trump-administration cancellations in June 2025, and nearly ten months of internal dispute had not reversed it.

$189.9M

raised · Security

Armadin raised $189.9M in combined seed and Series A funding led by Accel six months after Mandiant founder Kevin Mandia started it, to run AI agents that attack a company's own network.

$180M

raised · Neurotechnology

Precision Neuroscience has laid its 1,024-electrode Layer 7 array on the brains of almost 100 people: every one of them temporarily, during surgery they were already having, because its FDA clearance runs to 30 days.

$150M+

raised · Space · 2026-04

Starfish Space raised a Series B of over $100M led by Point72 Ventures to fly Otter, a spacecraft that docks with satellites already in orbit and moves them.

>$142M

raised · Biotech

EvolutionaryScale used ESM3, trained on 2.78 billion proteins, to generate esmGFP: a fluorescent protein far enough from any natural one that the team estimated it would take 500 million years of evolution to arrive at, published in Science.

$112M+

raised · Industrials

Senra Systems raised a $65M Series B co-led by Lowercarbon Capital and Interlagos to build wire harnesses for rockets, submarines and drones, and is planning a third factory.

$103M

raised · Gaming · 2026-05

Grand Games raised a $70 million Series B in May 2026 at a valuation Balderton said had risen roughly sixfold in twelve months, bringing the two-year-old Istanbul studio's total funding to $103 million.

>$100M

raised · Biotech

Aqemia designs small molecules with a statistical-mechanics engine borrowed from quantum physics rather than a trained-on-known-drugs model, and Sanofi expanded their $140m collaboration in July 2026, but Aqemia has no molecule in a human trial.

>$100M

raised · Biotech

Cradle sells protein engineering as software rather than a drug pipeline, and says customer programmes run 1.2 to 12 times faster with costs down as much as 90%, its own measurement, taken across partner labs.

$100M+

raised · Industrials · 2026-02

DG Matrix raised a $60M Series A led by Engine Ventures, with ABB and Mitsubishi Heavy Industries backing a solid-state transformer meant to cut a data centre's time-to-power from years to months.

$80.1M (Q2 2026)

Quantum computing · 2026-06

IonQ booked $80.1M of revenue in Q2 2026, up 287% year on year, and closed its acquisition of SkyWater Technology in July to bring US semiconductor fabrication for its quantum chips in-house.

$68M

raised · Neurotechnology

INBRAIN Neuroelectronics put the first graphene electrode array on a human brain in September 2024 and finished enrolling that study in April 2026: a safety and signal-quality trial run during tumour surgery, not a therapy.

$57M

raised · Space · 2023-09

Open Cosmos launched Posidonia, the first satellite of the Balearic Islands, in July 2026, and put the first two satellites of its own Ka-band constellation up on a Rocket Lab Electron in January.

$50M

raised · Biotech

Latent Labs shipped Latent-X five months after coming out of stealth with $50m: an all-atom protein binder model its founder says reaches 91-100% laboratory hit rates on macrocycles, against well under 1% for conventional screening.

$47M

raised · Developer tools

Validio raised a $30M Series A led by Plural in March 2026 after 800% ARR growth, selling agentic data-quality monitoring to Nordea, Canva and AllianceBernstein.

€15.2M

raised · Construction

Pillar raised a €12M seed co-led by Earlybird and Base10 Partners eight months after launch, pulling quote generation, margin tracking, workforce management and site reporting for construction firms into one system.

$7.7M (Q2 2026)

Biotech · 2026-06

Recursion has been industrialising cell-image biology since 2013 and its most advanced medicine, REC-4881, is still a Phase 1b/2 in an orphan bowel condition whose registrational path it was only discussing with the FDA in 2026.

~$240k (first 9 months)

Cybersecurity · 2026-05

Hacktron raised $2.9M in pre-seed funding led by Crane Venture Partners in May 2026, built by a team with multiple DEF CON CTF wins who run AI agents that test every code change for exploitable vulnerabilities.

4

headcount · Biotech · 2026-08

10x Science raised a $4.8M seed led by Initialized Capital in April 2026 to shorten protein characterisation from weeks to minutes, on the argument that AI now designs drug candidates faster than anyone can check them.

4

headcount · Design Software · 2026-08

Adam raised a $4.1M seed led by TQ Ventures in October 2025 to turn a viral text-to-3D toy into a copilot that sits inside professional CAD.

as few as 18 cat qubits per logical qubit (Helium)

physical qubits per logical qubit · Quantum computing · 2026-06

Alice & Bob unveiled its Helium system in June 2026, engineered to encode a logical qubit from as few as 18 cat qubits, an overhead an order of magnitude below the hundreds of physical qubits conventional architectures need.

150+

store count · Athletic & Performance Apparel · 2026-06

Alo Yoga runs more than 150 stores with no outside institutional investor on the cap table, and its owners' sale of Bella+Canvas in May 2026 has analysts calling an IPO or sale next.

5

headcount · Fintech · 2026-08

Astor raised a $5M seed led by Monashees in April 2026 for an SEC-registered AI investment adviser that plugs into a retail investor's existing brokerage account rather than holding the money.

550+

headcount · Fintech · 2026

Atom bank lifted pre-tax profit to £9.4m on a £5.8bn loan book in the year to March 2026, while its shareholders' attempt to sell the business at £600m ran aground.

10B+ in BaseData

novel genes · Biotech · 2026

Basecamp Research has catalogued over 10 billion genes from more than a million species nobody had sequenced, and trained EDEN (a foundation model on 9.7 trillion biological tokens) that designed gene-insertion enzymes clearing over 90% of tumour cells in a dish.

not disclosed

Gaming

Bigger Games raised $25 million in Series A funding in June 2025 to scale its puzzle title Kitchen Masters, five years after its founders left Peak Games to start the studio with a $6 million seed round.

7

headcount · Space · 2026-08

Cascade Space raised a $5.9M seed in July 2025 to build a commercial alternative to NASA's Deep Space Network, which it says is oversubscribed by 40 percent.

not disclosed

Neurotechnology

Cerebionics is building a non-invasive brain-computer interface that decodes real-time EEG signals to control drones and robots, founded by 23-year-old Agnessa Pedersen and named to Project Europe's first cohort in 2025.

17

headcount · Fintech · 2026-08

Cifrato raised over $1M in a seed round led by Y Combinator in March 2026 to run Colombian accounting firms' invoice capture, tax filing and reconciliation through AI agents.

6

headcount · Legal Tech · 2026-08

Crimson raised an oversubscribed $2.5M seed led by Y Combinator in May 2026 for software that turns a litigation case file into something a lawyer can query.

not disclosed

Biotech

Crossbow Therapeutics raised a $77M Series B co-led by Taiho Ventures and Arkin Bio Capital to finish the Phase 1 trial of CBX-250, an antibody that reaches cancer targets inside the cell.

~$1.25B

acquisition value · Biotech · 2025-06

CureVac (the Tübingen company that pioneered mRNA as a medicine in 2000 and then lost the Covid vaccine race) was bought by BioNTech in an all-stock deal worth about $1.25bn and delisted from Nasdaq on 16 January 2026.

22 commercial ION missions

ion missions · Space · 2026-03

D-Orbit has flown 22 commercial ION Satellite Carrier missions, delivering 137 satellites and hosting 77 payloads, and closed a first $128m tranche of Series D in January 2026.

3

headcount · Fintech · 2026-08

Denki raised a $4.1M seed co-led by Base10 Partners and Shine Capital in March 2026 to automate the evidence-gathering half of a SOX audit, which its founders reckon eats 80% of an audit team's time.

10

headcount · Fintech · 2026-07

Finto raised a $3.4M seed from Y Combinator, Gradient Ventures and Lightspeed in July 2026 and stayed in Munich, on the grounds that SAP and its industrial customers are there and Silicon Valley is not.

1.8 (FLARE concept, independently validated)

tritium breeding ratio · Fusion · 2026-02

First Light Fusion abandoned its own fusion power plant in March 2025, cancelling the Machine 4 ignition demonstrator to sell its pressure-amplifier targets to other inertial fusion companies instead.

160+ from over 20 nations

headcount · Fusion · 2026-05

Focused Energy raised a $240M Series A in May 2026 led by RWE (the largest fully secured Series A in fusion) to build the world's first laser fusion power plant on the site of RWE's decommissioned Biblis nuclear station.

20+

customers · Fintech · 2026-05

Fun raised a $72M Series A co-led by Multicoin Capital and SignalFire, moving over $18B a year in deposits and withdrawals for apps including Polymarket and Aave.

79.4% of conclusions accurate

kosmos accuracy · AI for science · 2025-11

FutureHouse is a philanthropically funded non-profit whose Robin agent picked ripasudil as a candidate for dry macular degeneration and got the wet-lab validation published in Nature in May 2026.

not disclosed

Climate

Hades Mining raised a €15M seed six months after its €5.5M pre-seed, replacing the mechanical drill bit with a 200-kilowatt laser to reach geothermal heat and critical minerals under Europe.

5,000+

customers · Insurance · 2026-02

Harper raised $46.8M in a combined seed and Series A led by Emergence Capital a year out of Y Combinator, running a commercial insurance brokerage where the AI does the submissions and the carrier chasing.

not disclosed

Biotech

Ingenix raised a €13M seed extension led by Sofinnova Partners for a Biological Reasoning Engine that settled a dual-payload ADC prioritisation problem in minutes for an oncology partner.

54 (IQM Emerald)

qubits · Quantum computing · 2025-08

IQM Quantum Computers began trading on Nasdaq on 2 July 2026, the first European quantum computing company on a major US exchange, with a 54-qubit processor running at 99.5% median two-qubit gate fidelity.

not disclosed

Advanced manufacturing

Keiron Printing Technologies raised a €20.7M Series A to replace the stencil printer (the step behind more than 70% of circuit-board defects) with a laser that fires solder paste onto the board.

3

headcount · Fintech · 2026-08

KelAI raised a $5M seed in July 2026 from Frst, Y Combinator and Robinhood Ventures for agents that generate, backtest and monitor hedge fund trading signals without a portfolio manager in the loop until the decision.

not disclosed

Climate

Lydian raised a $43M Series A led by Breakthrough Energy Ventures (the first cheque from an airline-backed SAF fund) to make jet fuel from renewable electricity, hydrogen and captured CO2.

10

headcount · Legal Tech · 2026-08

Moritz raised a $9M pre-seed led by 20VC four days after finishing Y Combinator, as a law firm that does the work itself rather than selling AI tools to other law firms.

6

headcount · Cybersecurity · 2026-08

Multifactor raised a $15M seed led by Nexus Venture Partners in December 2025 to let people hand an AI agent access to an account without handing over the password.

not disclosed

Cybersecurity

NeuralTrust raised a $20M seed led by Alstin Capital in June 2026 to gate, red-team and monitor the AI agents that Iberia, Abanca and Banc Sabadell put in front of customers.

not disclosed

Biotech

Nuclera built a benchtop machine that screens and prints purified proteins in about 24 hours, and extended its Series C to $87m in January 2026 to add full antibody expression and binding validation.

not disclosed

Defence

Onodrim Industries raised a €40M seed led by Founders Fund, Lakestar and General Catalyst in February 2026, built by two ex-Palantir leaders to rebuild Europe's defence industrial base from Amsterdam.

not disclosed

Materials

Orbital Industries (formerly Orbital Materials) raised a $50m Series B led by Plural in May 2026 for a PFAS-free GPU cooling fluid, having pivoted from AI-discovered carbon capture to data-centre hardware.

not disclosed

Space

Orbital Operations raised an $8.8M seed led by Initialized Capital in August 2025 to build a cryogenic, high-thrust spacecraft that can manoeuvre to defend satellites already in orbit.

500+ per three-inch die (packaging architecture)

qubits · Quantum computing · 2026-02

Oxford Quantum Circuits raised £260M in June 2026 (Europe's largest private quantum round) after demonstrating a wafer-scale packaging architecture that fits more than 500 superconducting qubits on a single three-inch die.

Net facility gain targeted 2030

net facility gain · Fusion · 2026-07

Pacific Fusion is building the world's largest high-gain fusion facility in Albuquerque, designed to produce fusion bursts above 100 megajoules and reach net facility gain by 2030.

1 long-term

patients implanted · Neurotechnology · 2026-06

Paradromics implanted its 421-electrode Connexus device in its first trial participant in June 2026, eleven years after it was founded and a year after an acute, minutes-long test that had already been reported as first-in-human.

~40

headcount · Space · 2026-03

PAVE Space raised a $40M seed led by Visionaries Club and Creandum to build a 20-tonne kickstage that moves satellites from low Earth orbit to GEO or lunar trajectories in under a day.

14

headcount · Marketing Technology · 2026-08

Ploy launched out of stealth in June 2026 with a $27M seed led by First Round Capital and Y Combinator, the largest disclosed round from YC's Spring 2026 batch, built by Webflow co-founder Bryant Chou.

not disclosed

Mobility

Pollen raised a €3.2M seed co-led by Pale Blue Dot and Mustard Seed Maze and put its first three battery-swap stations into Lisbon Galp forecourts, for mopeds, not cars.

98 fully connected physical qubits (Helios)

qubits · Quantum computing · 2026

Quantinuum's Helios runs 98 fully connected trapped-ion qubits at 99.921% two-qubit gate fidelity (encoded down to 50 logical qubits) and the company listed on Nasdaq in June 2026 raising $1.68bn at $60 a share.

not disclosed

Quantum computing

Quantum Motion raised a $160M Series C in May 2026 to build quantum computers out of ordinary silicon transistors on a GlobalFoundries CMOS line, arguing the approach cuts cost and footprint 100-fold and energy use 1,000-fold.

256 physical qubits (Aquila, live on Amazon Braket)

qubits · Quantum computing · 2026-06

QuEra Computing has promised AWS a machine called Libra by 2028 with more than 256 error-corrected logical qubits at a 10⁻⁶ logical error rate, built from 10,000-15,000 physical neutral atoms.

not disclosed

Gaming

Rollic Games was acquired by Zynga for roughly $180 million in October 2020, less than two years after its December 2018 founding, as part of a wave of Istanbul hyper-casual acquisitions.

not disclosed

Robotics

Rollo Robotics raised a €3.7M pre-seed led by FoodLabs and PROTOTYPE for a gyroscopically stabilised monowheel robot that patrols industrial sites too narrow for four-wheeled machines.

not disclosed

Artificial Intelligence

Shiplog raised $930,000 in pre-seed funding in August 2026 to build Ada, an AI agent that replaces static customer segments with a real-time profile and next-best-action for each individual customer.

~90

headcount · Defence · 2026-06

Six Robotics raised a €12M seed led by DTCP in June 2026, having grown from five people to almost 90 on friends-and-family money while building swarm autonomy software with the Norwegian Armed Forces.

not disclosed

Health

Sonomind raised a €20M Series A led by Critical Path Ventures and Bpifrance to trial a focused-ultrasound device for treatment-resistant depression, after a Sainte-Anne pilot cut symptom severity by more than 60% in five days.

not disclosed

Gaming

Spyke Games raised $55 million in a January 2022 seed round, then reported as the largest disclosed seed round among gaming companies, and two years later sold Moon Active a 15.9% stake for $50 million at a $315 million valuation.

not disclosed

Industrials

Stegra closed a €1.4bn rescue financing in June 2026 led by a Wallenberg Investments consortium, giving Europe's last big hydrogen steel project a funded path to finish its Boden plant.

not disclosed

Health

Suna Health is building Suna, a wearable abdominal patch that uses AI-powered acoustic sensing to continuously track gastrointestinal activity, backed by Project Europe and a16z Scout Fund.

Da Vinci producing fusion power in 2031 (target)

first fusion power · Fusion · 2026-08

TAE Technologies agreed in December 2025 to merge with Trump Media and Technology Group in an all-stock deal valued at more than $6bn, and says its first commercial-scale plant, Da Vinci, will produce fusion power in 2031.

450+

headcount · Space · 2026

The Exploration Company lost its Mission Possible capsule before splashdown in June 2025 and is now in talks to raise $300m at more than $2bn, with Nyx's first flight not due until 2028.

not disclosed

Space

Venus Aerospace raised a $90M Series B led by Mercury Fund after flying the first rotating detonation rocket engine to launch a rocket, and now finds customers asking to buy the engine itself.

not disclosed

Climate

Visibuilt raised a €3.34M seed co-led by Denmark's EIFO and Unconventional Ventures for visiBINDER, a mycelium-grown binder meant to displace bitumen and cement in paving.

70+ clients in 25 countries

customers · Cybersecurity · 2026-07

Wultra raised a €6.8M Series A led by Seventure Partners to take post-quantum authentication (already running at more than 70 banks across 25 countries) into the EU Digital Identity Wallet rollout.

not disclosed

Defence

Zero Industries builds a plug-and-play visual positioning system that keeps drones navigating accurately in GPS-denied environments, hitting sub-20m mean accuracy across its first three flight tests.