Belgian artist platform Tourmanagement.com has acquired Beatswitch, a software platform used by festivals and event organisers to manage artist advancing. The transaction includes the Beatswitch platform and its customer base, with financial terms not disclosed.

The acquisition is intended to reduce manual administration and duplicated workflows across live event production by bringing festival and artist workflows onto a shared software foundation. Following the transaction, Beatswitch will continue to operate as usual, with no immediate changes for existing customers.

Beatswitch is used by festivals and event organisers worldwide to coordinate artist advancing activities, including set times, transport, accommodation, hospitality, and technical requirements. Its customers include festivals such as Pukkelpop, Shambhala, Sziget, and Pitch Music & Arts.

Tourmanagement.com supports similar workflows from the artist and agency perspective. Operated by Tourmanagement BV and headquartered in Leuven, Belgium, the SaaS platform centralises tour information, scheduling, and show-related communication for artists, crews, agencies, and management companies. As of 2026, the platform serves more than 400 customers and nearly 10,000 users globally.

According to Tourmanagement.com founder and CEO Roeland Veugelen, the acquisition addresses a longstanding challenge in the live events industry, where advancing work is often spread across emails, messages, and spreadsheets, leading to duplicated effort and operational risk. Bringing festival and artist workflows together is intended to reduce manual processes, improve coordination, and increase data consistency across teams.

Beatswitch founder Thomas Van Orshaegen said the acquisition allows the platform to continue developing within a closely aligned ecosystem. He will remain involved as a member of the Tourmanagement.com and Beatswitch advisory board.

Tourmanagement.com said it will assess how the two platforms can gradually align over time, with a focus on customer continuity and continued development of the Beatswitch product.

Madrid-based Fracttal, an AI-powered maintenance solution provider, has closed a €29.8 million ($35 million) funding round to to accelerate its growth across Europe and Latin America, including key markets such as Mexico, Brazil, Spain, and France.

The round was led by Riverwood Capital, with participation from all existing investors including Seaya Ventures, Kayyak, GoHub, and Amador.

Christian Struve, CEO and co-founder of Fracttal, explains: “Fracttal was born from the conviction that maintenance must move from reactivity to proactivity, and be a driver of significant operational efficiency gains. It should be a source of intelligence and safety, not a burden. Long before launching Fracttal, we saw thousands of companies struggling with manual processes and outdated spreadsheets, and we knew there was a better way.

“Today, AI is accelerating this shift, and Fracttal is at the forefront with a platform built on predictive and agentic capabilities that transform maintenance into a competitive advantage.”

In the context of 2025 funding, Fracttal’s new round represents one of the larger European investments in AI-enabled maintenance and asset-management software in the past year.

Earlier in 2025, Munich-based remberg raised €15 million to expand its AI-powered industrial maintenance platform across Europe, highlighting sustained investor interest in predictive and proactive maintenance solutions. This was complemented by Stockholm-based IPercept, which secured €5 million to scale its predictive AI platform focused on machine efficiency in manufacturing environments.

In adjacent enterprise and asset-operations segments, London-based Conduct raised €11.2 million to modernise legacy enterprise IT systems using AI, while smaller rounds went to facilities and building-management technology providers such as UK-based Tyten (€0.86 million), Switzerland’s viboo (€3.3 million), and Estonia’s Bisly (€4.3 million).

Taken together, these rounds amount to roughly €69 million invested across AI-driven maintenance, asset management and adjacent operational software categories, positioning Fracttal’s raise as a significant contribution within a steadily active European funding landscape for industrial and facilities-focused AI platforms.

Christian stresses that the industry is undergoing a historic transformation: “Today, artificial intelligence and the proliferation of industrial sensors are opening possibilities that were unthinkable just a decade ago. We can now understand the condition of an asset before it fails, learn from every operation and empower maintenance teams to make faster, better decisions. That is the future we build every day at Fracttal thanks to our platform and our commitment to true Maintenance Intelligence.”

Founded in 2015, Fracttal specialises in AI-powered maintenance management and physical asset software, with a global presence and more than 1,500 customers.

Its Fracttal One AI-powered solution, centralises maintenance operations through open integrations with any enterprise system and third-party IOT sensors, as well as its proprietary portfolio of IoT hardware.

Complemented by its IoT device line, Fracttal Sense, the company aims to enable organisations to operate with greater efficiency, safety, and sustainability, becoming a technological partner that connects data, people, and assets across modern industry.

Fracttal currently manages over 20 million registered assets and is active in 60+ countries. Customers operate in the manufacturing and facilities maintenance industries and include Iberostar, Acciona, Veolia, Coca-Cola and FedEx.

Riverwood Capital co-founder and Managing Partner Francisco Alvarez-Demalde commented: “Maintenance is one of the largest and most mission-critical functions across industrial and infrastructure sectors, yet it has historically been underserved by modern software. Fracttal has developed a world-class, AI-driven platform with the technological depth needed to transform how organisations manage complex, distributed assets.”

A significant portion of the investment will be allocated to product development, with a strong focus on enhanced AI and agentic capabilities, IoT sensor technologies, and advanced vertical functionalities.

Fracttal will also invest in scaling its teams across engineering, data science, product, sales, marketing, and customer success, while strengthening the internal structure needed to scale sustainably.

In parallel, the company will actively pursue inorganic growth opportunities, including strategic acquisitions and partnerships.

Pablo Pedrejón, Partner at Seaya Ventures and an early investor in Fracttal, added that execution has been key to the company’s trajectory: “We invested in Fracttal early because the team combined deep domain knowledge with the ability to execute over the long term. Since then, they’ve consistently delivered on their roadmap, expanded internationally, and built a platform that solves real, operationally critical problems. This next phase is about scaling that impact globally.”

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Berlin-based Cloover has completed a $22 million Series A equity round and secured a $1.2 billion debt facility, bringing total capital commitments to $1.222 billion. The equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. The debt facility, provided by a major European bank, will support customer and installer financing on the platform.

Cloover is also backed by a €300 million guarantee from the European Investment Fund, strengthening its financing programs and access to scalable, cost-efficient capital.

The size of the commitment reflects the structural challenges facing Europe’s energy transition, which depends on a large base of small and mid-sized installers operating with fragmented systems, manual processes, and limited access to financing. Traditional banking models are often ill-suited to financing residential energy assets at the required speed, contributing to installation delays and higher consumer costs.

Cloover addresses these constraints through an end-to-end software platform designed for decentralised energy. The platform integrates workflow management, financing, procurement, and energy optimisation into a single operating environment. AI-enabled automation supports operational efficiency, early risk identification, and data-driven decision-making across the project lifecycle, from customer onboarding to long-term energy management.

The platform also includes AI-based financial tools that help installers manage capital flows and improve liquidity. AI-driven credit underwriting evaluates projected energy savings alongside traditional credit factors, while pre-financing of public subsidies allows consumers to access state incentives upfront. Installers can offer financing at the point of sale, which may improve conversion rates, reduce administrative effort, and shorten cash cycles.

By connecting manufacturers, installers, households, and investors within a shared platform, Cloover aims to support the scalable and transparent deployment of distributed energy projects, while providing institutional investors with access to a sustainability-aligned infrastructure asset class.

Commenting on the announcement, Jodok Betschart, co-founder and CEO, said:

With this $1.2 billion commitment, we’re enabling households to become energy independent, without the friction of upfront costs or complex loan applications. Our AI operating system connects stakeholders across the value chain and revolutionises how energy independence becomes the new norm.

Cloover reported more than eightfold revenue growth in 2025 while remaining profitable, with sales approaching $100 million. The company projects revenue of approximately $500 million in 2026 and $1 billion in 2027.

Following the new financing, Cloover plans to expand into additional European markets, including France, Italy, the United Kingdom, and Austria, and to further develop its platform with additional AI-driven automation and financing capabilities.

Aerospace company SWISSto12 has announced securing €73 million in financial support from European Space Agency (ESA) member states through the HummingSat ARTES partnership project.

SWISSto12 is a manufacturer of advanced satellite systems and radio frequency (RF) products, enabling a transformational shift in the global satellite communications industry, away from legacy large, purpose-built, expensive and slow-to-deploy solutions towards smaller, faster, cheaper assets that leverage software-defined, reconfigurable payload architectures and agile, multi-orbit capabilities.

The global need for SatCom is rising, reflecting a growing demand for always-on broadband internet connectivity for aircraft and ships, secure communications for sovereign governments, internet in remote regions, safety-relevant services, IoT devices and location-based services.

Developed in partnership with ESA and scheduled for first launch in 2027, the HummingSat platform is significantly smaller and more cost-efficient than legacy geostationary satellites. It gives customers a flexible, cost-effective platform to expand transponder capacity, enable network flexibility and reconfigurable software-defined payloads, deploy sovereign capabilities and introduce new services with agility.

Federating the future of satcom: Inside ESA’s ARTES Partnership Projects programme

The Partnership Projects programme line of ESA's Advanced Research in Telecommunications Systems (ARTES) drives innovation by federating ambitious large-scale, long-term collaborations between ESA, private companies, and satellite operators.

The programme establishes ESA as a key partner in developing major satellite communication systems, new value-adding solutions and services, and providing in-orbit validation.

It focuses on substantial, industry-shaping initiatives that require significant investment spanning over several years. By closely aligning technological ambition with commercial strategy, ARTES Partnership Projects enable European and Canadian organisations to push the boundaries of satellite communications and strengthen their competitiveness on the global market.

The funding will accelerate SWISSto12’s development and industrialisation of HummingSat, as well as scaling up its manufacturing capacity and accelerating new product innovations.

These initiatives address increasing global demand for cost-effective, agile and sovereign communications in both government and commercial sectors.

The investment will also allow SWISSto12 to further develop its phased-array antenna technologies to be used onboard LEO/MEO/GEO satellite payloads and ground products such as user terminals. This will strengthen its ability to serve a broad set of customer needs, for communications from and to geostationary and non-geostationary orbits.

Laurent Jaffart, ESA Director of Connectivity and Secure Communications, said:  

“We are proud to continue our support of SWISSto12, particularly in creating cost-effective solutions for satellite systems that answer to the satcom ecosystem’s ever-increasing demands.

ESA is committed to elevating Europe’s future in space through our support of industry, and by accelerating next-generation satellite technologies.”

According to Emile de Rijk, CEO and Founder of SWISSto12, the recent subscriptions of Member States and Cooperating States at the ESA Ministerial Council to the HummingSat Project.

"The latest round of funding from European private investors sends a strong message to the global market that SWISSto12 is at the heart of satellite communications innovation.

With our growing suite of agile, cost-effective and highly performant SatCom solutions, we provide a credible answer to some of the most pressing challenges facing the space economy, including the critical issue of enabling satellite sovereignty – something, until now, out of reach for most of the world’s nations.”

Madrid-based Fracttal, a provider of AI-powered maintenance solutions, has closed a $35 million funding round led by Riverwood Capital, with participation from existing investors. The investment is intended to support the company’s continued growth, product development, and global expansion.

Fracttal provides AI-powered maintenance management and physical asset software to more than 1,500 customers worldwide. Its flagship platform, Fracttal One, centralises maintenance operations through open integrations with enterprise systems, third-party IoT sensors, and the company’s proprietary IoT hardware portfolio.

Together with its Fracttal Sense device line, the platform enables organisations to improve operational efficiency, safety, and sustainability by connecting data, people, and assets across industrial environments.

According to CEO and co-founder Christian Struve, Fracttal was founded on the belief that maintenance should shift from reactive processes to proactive, intelligence-driven operations that enhance efficiency and safety. He added:

Today, AI is accelerating this shift, and Fracttal is at the forefront with a platform built on predictive and agentic capabilities that transform maintenance into a competitive advantage.

Fracttal currently manages more than 20 million registered assets and operates in over 60 countries. Its customer base spans manufacturing and facilities maintenance and includes companies such as Iberostar, Acciona, Veolia, Coca-Cola, and FedEx.

The new funding will primarily be used to advance product development, with a focus on AI and agentic capabilities, IoT sensor technologies, and industry-specific functionality.

The company also plans to expand its teams across engineering, data science, product, sales, marketing, and customer success, while strengthening its internal structure to support sustainable growth. In parallel, Fracttal intends to pursue selective acquisitions and partnerships to accelerate market expansion and deepen its product offering.

SWISSto12, a Lausanne-based aerospace company and manufacturer of satellite systems and radio frequency (RF) products, today announced that it has secured €73 million ($84.8 million) in financial support from European Space Agency (ESA) member states through the HummingSat ARTES partnership project.

The fresh capital will be used to accelerate the development and industrialisation of HummingSat, its “small yet powerful” geostationary telecommunications satellite developed in collaboration with the European Space Agency (ESA) through its public-private-partnership programme. It will also be used for scaling up its manufacturing capacity and boosting new product innovations.

The additional ESA funding, through the Advanced Research in Telecommunications Systems (ARTES) HummingSat Partnership Project, within ESA Connectivity and Secure Communications, was backed at the 2025 ministerial conference by pledges from member states Switzerland, Germany, Austria, Sweden, Norway, and associate member Canada.

In addition to this, the company has also secured funding from European private investors in the second half of 2025, bringing its total funding raised to more than €100 million. 

Emile de Rijk, CEO and Founder of SWISSto12, said, “The recent subscriptions of Member States and Cooperating States at the ESA Ministerial Council to the HummingSat Project, and the latest round of funding from European private investors sends a strong message to the global market that SWISSto12 is at the heart of satellite communications innovation. 

“With our growing suite of agile, cost-effective and highly performant SatCom solutions, we provide a credible answer to some of the most pressing challenges facing the space economy, including the critical issue of enabling satellite sovereignty – something, until now, out of reach for most of the world’s nations.”   

Dr Emile de Rijk founded SWISSto12 in 2011 as a spinoff from his PhD at the Swiss Federal Institute of Technology (EPFL) in Lausanne. According to the company, its RF components benefit from patented 3D-printing technologies and associated Radio Frequency (RF) product designs that deliver lightweight, compact, highly performing and competitive RF functionality. 

Explaining the rationale behind its name, the company states on its website: “Our name blends tradition with technology. ‘Swiss’ represents the tradition of precision craftsmanship that Switzerland is renowned for. ‘to12’ calls on the company’s first products, which were channelling signals at Terahertz frequencies (1 THz = 10¹²Hz). Putting them together, we get SWISSto12, or ‘Swiss to the power of twelve’.”

The company claims to be accelerating the transition of the global satellite communications industry, away from legacy large, purpose-built, expensive and slow-to-deploy solutions towards smaller, faster, cheaper assets that leverage software-defined, reconfigurable payload architectures and agile, multi-orbit capabilities.

SWISSto12 also plans to use the investment to further develop its phased-array antenna technologies to be used onboard LEO/MEO/GEO satellite payloads and ground products such as user terminals. This will strengthen its ability to serve a broad set of customer needs, for communications from and to geostationary and non-geostationary orbits.

HummingSat is scheduled for its first launch for SES in 2027. According to the company, the HummingSat platform is significantly smaller and more cost-efficient than legacy geostationary satellites, giving customers a flexible, cost-effective platform to expand transponder capacity, enable network flexibility and reconfigurable software-defined payloads, deploy sovereign capabilities, and introduce new services with agility.

The post Lausanne-based SWISSto12 secures €73 million to develop its compact satellite HummingSat ahead of planned 2027 launch appeared first on EU-Startups.

Antidote, a provider of AI-based billing compliance software for global law firms, has raised $5 million in a seed funding round led by Lakestar, with participation from Concept Ventures, The LegalTech Fund, and industry angel investors. The round follows a $2 million pre-seed raise in 2025, bringing total funding to $7 million.

Law firms face increasing pressure to comply with complex Outside Counsel Guidelines (OCGs) while often relying on manual, end-of-month billing reviews that can result in write-offs, rejected invoices, and strained client relationships. Current billing practices and OCG non‑compliance lead to 8–12 per cent of billable hours lost to non-compliance write-offs and rejected invoices every year.

Antidote addresses these challenges by integrating with existing time-recording and practice management systems to review time entries in real time. The AI-powered platform checks entries against client OCGs and internal firm standards, flags potential issues, and suggests compliant revisions before invoices are submitted.

Nicholas d’Adhemar, founder and CEO of Antidote, said the company was created in response to persistent revenue leakage caused by manual billing compliance processes in law firms:

We built Antidote to remove billing friction by automating compliance for law firms - removing the manual work and shifting compliance upstream, when the work is done, not when you're trying to send out the bill.

Antidote is already used by law firms across the US, UK, and Australia, reflecting demand for a more proactive and automated approach to billing compliance.

The new funding will support Antidote’s next phase of growth, with a focus on advancing its AI-powered billing compliance platform and expanding its presence in the US.

The company plans to further develop its product capabilities, deepen integrations with legal practice and timekeeping systems, and scale adoption among law firms seeking to reduce billing friction and revenue leakage through real-time, automated compliance.

Cloover, a Berlin-based climate FinTech building the operating system for energy independence, today announced that it has raised €18.8 million ($22 million) in Series A equity financing and secured a €1.02 billion ($1.2 billion) debt facility, taking its total capital commitments to €1.04 billion ($1.222 billion). 

The equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures.

The debt facility was provided by a European bank to fund customer and installer financing on the platform. Cloover also benefits from a €300 million guarantee from the European Investment Fund, which supports its financing programmes and enables scalable, low-cost capital for the energy transition. In total, Cloover has now raised more than €25.6 million ($30 million) in equity financing and secured over €1.11 billion ($1.3 billion) in debt.

“With this €1.02 billion ($1.2 billion) commitment, we’re enabling households to become energy independent, without the friction of upfront costs or complex loan applications. Our AI operating system connects stakeholders across the value chain and revolutionises how energy independence becomes the new norm,” said Jodok Betschart, co-founder and CEO, Cloover.

Founded in 2023 by Betschart, Peder Broms, and Valentin Gönczy, Cloover claims to be building the digital nervous system of the distributed energy economy. Its end-to-end solution helps manufacturers, installers, investors, and households transition to clean, affordable, and independent energy.

Cloover was founded after the team conducted research with energy installers across Europe and figured out that even though the demand for decentralised energy was surging, the industry lacked the infrastructure to support mass adoption, with financing emerging as the key bottleneck. While sectors such as automotive are supported by numerous specialised lenders, residential energy assets have only a handful. 

The German startup was created to close this gap by combining financing with modern software infrastructure through a platform that supports installers rather than competing with them. 

According to the company, Europe’s energy transition depends on a large number of small and mid-sized installers, and most work with fragmented software, manual workflows, and limited access to financing. Cloover states that traditional banks are ill-equipped to finance residential energy assets at the required pace and granularity. This causes delays that hamper installations and make clean energy unaffordable for many households. 

Clover’s modus operandi involves embedding financing directly into installer workflows and pairing it with an end-to-end software platform built specifically for decentralised energy. It uses AI-powered credit underwriting, which evaluates long-term energy savings together with traditional credit metrics.

The company also pre-finances public subsidies, allowing consumers to benefit immediately from state incentives. For institutional investors, Cloover offers access to an impact-aligned infrastructure asset class, backed by performance data, climate impact tracking, and visibility across the value chain.

Cloover’s AI-powered platform integrates workflow management, financing, procurement, and energy optimisation into one operating system. It claims to automate complex workflows, detect risks early, and empower data-driven decisions from the first customer, leading to long-term energy-management through Cloover’s EMS and dynamic tariffs. The company’s AI Finance co-pilot helps SME installers solve capital flow challenges along the whole value chain and improve liquidity. 

Explaining the benefits for installers and homeowners, Cloover stated in the press release: “Installers using Cloover offer financing at the point of sale. Automated workflows reduce administrative burden and improve throughput, while access to capital shortens cash cycles. On average, installer partners generate 30% incremental revenue through Cloover by reaching customers they previously could not serve. Homeowners benefit from access to decentralised energy without large upfront investments and see between 20 and 30% savings on energy costs through optimised system performance and financing.”

“Cloover is not just about financing – we’re building the backbone for energy independence. We are creating the Shopify of Energy: a platform that equips manufacturers, installers, households, and investors with the tools to grow, collaborate, and deliver distributed energy at scale,” said Valentin Gönczy, co-founder and CPO at Cloover.

The company aims to use the fresh capital to expand into additional European markets, with a focus on France, Italy, the UK, and Austria. It also aims to deepen its platform with further AI-driven workflow automation and financing products.

Cloover reported that it grew revenues more than 8x in 2025 while remaining profitable, approaching €85.3 million ($100 million) in sales. It aims to hit €426.7 million ($500 million) in 2026 and nearly €850 million ($1 billion) in 2027. It currently operates in Germany, Switzerland, Sweden, and the Netherlands.

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European Commission President Ursula von der Leyen today announced at the World Economic Forum in Davos that the EU will create "a new truly European company structure," which she named "EU Inc."  

The announcement represents a major milestone for EU–INC, a policy movement backed by over 22,000 signatories including Europe's leading founders, investors, and the broader startup community.    

Since October 2024, EU–INC has led a policy campaign for the creation of a pan-European legal entity. In February 2025, the movement delivered comprehensive legal proposals to the Commission and has worked closely with EU institutions and Member State governments to advance this vision.  

A statement from EU-Inc today shared:

“We look forward to continuing to work alongside the Commission and Member State governments to ensure the new legal entity delivers the maximum impact for startups and for Europe.

This is a once-in-a-generation opportunity to turn Europe into the best place to start and scale startups.”   

What is EU Inc?

EU Inc is aimed at establishing a single, optional EU-wide legal entity for startups — referred to as the "28th regime" — that sits alongside, not replaces, national company structures. It would include: 

• A unified legal entity under EU law: simplify cross-border incorporation and operations.
• Central EU registry: one-stop, fully digital onboarding in English. 
• Standardised investment documentation: harmonised legal templates to ease pan-European funding.
• Europe-wide stock option framework: enabling consistent equity for employees across borders.
  

Check out our comprehensive EU-Inc coverage.

As detailed in von der Leyen's speech: <!--

While on paper the market of 450 million Europeans is open to them, it is far more complicated in reality.And that acts as a handbrake on the growth and profit potential of companies.

"We will soon put forward our 28th regime. The ultimate aim is to create a new truly European company structure. We call it EU Inc.

We need a single and simple set of rules that will apply seamlessly all over our Union. So that business can operate across Member States much more easily.

Our entrepreneurs will be able to register a company in any Member State within 48 hours – fully online. They will enjoy the same capital regime all across the EU.

Ultimately, we need a system where companies can do business and raise financing seamlessly across Europe – just as easily as in uniform markets like the US or China.

If we get this right – and if we move fast enough – this will not only help EU companies grow. But it will attract investment from across the world."

According to Tom Henriksson, General Partner at VC OpenOcean:,

“It’s hard not to be excited. The plan for a fully digital, pan-European company form that can be easily created within two days will, if implemented correctly, at long last put startups on equal footing with overseas competitors. It’s hard to overstate the gravity of this.

At present, acquiring companies in other member states or attempting to take your business across borders drops founders in the centre of an interminable maze of regulations. In-person meetings with notaries poring over every signature are woefully outdated, especially when inflicted on digital-first companies."

The possibility that the 28th regime could, with a stroke of a pen, cut admin time from months for each country to just 48-hours across every member state will have founders punching the air.

He cautions that “it’s not a done deal, of course. We’ve yet to see how the rules are formulated, and the eternal problem with these regimes is that member-states are under no obligation to opt-in.

"The result may be just another layer of bureaucracy, and founders potentially shouldering compliance costs in the countries that do adopt it, without feeling the benefits.

Only time will tell whether adoption is widespread enough to avoid this fate, but there are new reasons to be cautiously optimistic about the future of European innovation today.”

Heidelberg-based Exciva, a biopharmaceutical company developing novel therapeutic compounds for the treatment of neuropsychiatric conditions, today announces the closing of a €51 million ($59 million) Series B round.

Gimv and EQT Life Sciences co-led the round. Additional participants included new investors Fountain Healthcare Partners, LifeArc Ventures, Carma Fund and Modi Ventures, as well as existing investors Andera Partners and LBBW.

“We are delighted that we could attract funding from both existing and new investors. This confirms that our product is highly promising,” said François Conquet, CEO of Exciva. “If the results of the phase 2 trial are positive, it will be a significant step forward in symptomatic treatment options for patients with Alzheimer’s disease.”

In the European Alzheimer’s and neurodegeneration funding landscape, Exciva’s Series B sits alongside several other notable financings.

Earlier in the year, Augustine Therapeutics, based in Leuven, raised €77.7 million in a Series A to advance brain-penetrant HDAC6 inhibitors for neuromuscular and neurodegenerative diseases, including Alzheimer’s-related indications. In Ireland, Dublin-based Aerska secured €17 million in Seed funding to develop RNA-interference medicines targeting diseases of the brain, with Alzheimer’s among its focus areas.

The UK has also seen activity, with Cambridge-based TRIMTECH Therapeutics raising €28.6 million at Seed stage to work on small-molecule degraders for neurodegenerative conditions, including Alzheimer’s disease, and London-based Punto Health closing a €2.3 million Seed round to scale an AI-powered platform for dementia care and cognitive decline.

Taken together, these EU-Startups-reported rounds amount to roughly €126 million in disclosed funding directed at Alzheimer’s-related therapeutics and dementia solutions, before including Exciva’s own raise.

Against this backdrop, Exciva’s financing stands out as one of the larger late-stage rounds in the segment, highlighting continued capital deployment into both disease-modifying approaches and treatments addressing neuropsychiatric symptoms associated with Alzheimer’s disease.

“Exciva’s therapy for agitation in Alzheimer’s disease is highly differentiated, addressing significant shortcomings in the current standard of care and other products under development,” said Andreas Jurgeit, PhD, partner at Gimv. “We are pleased to collaborate with the Exciva team – backed by decades of expertise in neuropsychiatry drug development, including approved therapies – to transform care for this challenging aspect of dementia.”

Exciva is a biopharmaceutical company founded in 2016 by Drs Anton Bespalov, Hans Moebius and Rao Vepachedu to address neuropsychiatric symptoms in Alzheimer’s disease dementia and other brain disorders. Exciva uses its discovery potential, which has led to the combination of two CNS-active compounds to treat agitation in patients living with Alzheimer’s disease dementia.

The behavioral and psychological symptoms of Alzheimer’s disease (AD) dementia can be severe and demanding on caregivers. These include agitation, aggression, sleep disorders, irritability, depression, anxiety and hallucinations. The prevalence of AD, and its associated behavioral and psychological symptoms, is growing in aging societies.

The company says that if nothing is done in the meantime, the global dementia population is projected to grow from ~50 million today to over 150 million by 2050. In conjunction, epidemiological studies have revealed that, on average, about 40% of AD patient admissions reported agitation. It is estimated that more than 70% of people with AD dementia develop agitation at some point during the illness.

As of today, only a few drugs are available to treat these symptoms; many carry significant side effects and boxed warnings, limiting their use.

“This investment illustrates the potential of Exciva to bring an exciting innovation into a therapeutic area where Alzheimer’s patients have limited or no treatment options,” added Philip Scheltens, MD, PhD, partner at EQT Life Sciences. “We are delighted to co-lead this financing to realise Exciva’s potential, which stands out for both the quality of its science and the expertise of the team. We look forward to bringing this new therapy to patients.”

The new proceeds will primarily fund a phase 2 study evaluating Deraphan’s therapeutic potential for treating agitation in patients with AD. Deraphan is the combination of two clinically validated products, including one novel chemical entity (NCE), which have demonstrated activity in the CNS field, with the potential to offer better efficacy and risk/benefit ratio than existing therapies. The clinical trial will be conducted in Europe, the UK, the US and Canada.

A phase 1 trial with Deraphan has been successfully completed and reportedly showed that the combination is safe and well-tolerated.

Following the Series B, the board of directors will be composed of Raphaël Wisniewski (Andera Partners), Philip Scheltens (EQT Life Sciences), Andreas Jurgeit (Gimv), Aidan King (Fountain Healthcare), Vikram Sudarsan (independent Board member) and François Conquet (CEO).

The post German BioTech Exciva lands €51 million to advance Alzheimer’s drug testing in patients appeared first on EU-Startups.

London-based Allocation Strategy, a company developing analytics tools to support asset allocation and investment decisions, has raised £1.6 million in a funding round led by Fuel Ventures, with participation from angel investors and industry experts.

Periods of market volatility have exposed limitations in many institutional allocation tools, particularly in linking portfolio decisions with underlying macroeconomic drivers. At the same time, asset allocation has grown more complex as asset classes converge, private and alternative markets expand, geopolitical conditions evolve, and advances in AI reshape investment decision-making.

Allocation Strategy was developed to address these challenges by providing a more comprehensive and reliable analytics framework for portfolio construction and risk assessment. The platform supports key asset allocation workflows, including capital market assumptions, portfolio optimization, macro risk analysis, scenario modelling, and model portfolios, helping institutional investors better assess risk and return trade-offs.

Pavol Povala, CEO of Allocation Strategy, said the platform is intended to give investment teams a stronger analytical foundation for asset allocation decisions, supporting processes from expected return assumptions through to scenario analysis and portfolio construction.

The company was founded by Pavol Povala, Drew Barnden, and Michael Chin, who bring extensive experience in developing and operating asset allocation analytics at scale.

The new capital will be used to scale the business, expand research and development, and accelerate the rollout of new solutions for institutional investors.

As Europe’s energy transition accelerates, the financial infrastructure underpinning it remains stuck in the analogue era, with fragmented registries, manual processes, and opaque markets slowing capital flows into renewables and limiting price discovery, liquidity, and scale.

In response, Soldera has successfully built the “Stripe for Renewable Energy,” unifying Europe’s 30+ certificate registries into a single interface and MCP. The tech is used by Fortune 500 companies and global asset managers to access more than 4,000 power plants.   

Turning Guarantees of Origin into programmable financial assets

Simply put, Soldera has developed an AI-powered platform that automates the management and trading of Guarantees of Origin (GOs) in the renewable energy sector. GOs are certificates that verify and monetise renewable electricity production, and traditionally, managing these certificates involves significant administrative work.  

Soldera's service automates this entire process significantly reducing the administrative burden for renewable energy producers.

The platform also offers features such as spot sales and forward hedging strategies to help producers maximise revenue from their GOs. 

Since Soldera raised €25 million last April, the company has gone from strength to strength.

I spoke to Stenver Jerkku, Soldera’s CEO, to understand what has driven this momentum.

Scaling fast: growth, funding, and market traction

Overall, 2025 was a bumper year for the company, which achieved 70x revenue growth, scaling from €150k to €1 million. It has just secured €1.6 million in non-dilutive funding through the EAS Applied Research Grant to double down on its AI infrastructure.

According to Jerkku, “It’s been an absolutely wild ride. We’ve had around 30 per cent month-on-month growth, consistently, and we’re now working with roughly 4,000 power plants and more than 500 corporate customers."

Creating a meta-layer across Europe’s fragmented registries

The company has also gained a new market, with Jerrku explaining:

“What really surprised us was inbound interest from large multinationals — including Fortune 500 companies — at a point when our product was still positioned mainly for renewable energy producers.

That forced us to step back and ask: why are global corporates coming to a platform originally built for power producers?"

The team discovered that the problem that it solved for producers is even more painful on the corporate side. A multinational seeking to source and report renewable electricity across 10, 20, or 40 countries faces completely different registries, rules, and audit requirements in each market. The alternative is to hire large internal teams or rely on brokers and traders, which is costly, opaque, and inefficient.

"So we realised we could become a unifying layer — a kind of “meta-infrastructure” on top of national energy attribute certificate registries — and offer turnkey compliance automation for both producers and corporates, " explained Jerkku.

“Roughly half of European registries have APIs. The rest still run on fax machines, spreadsheets, PDFs — and in some countries, manually updated Excel files maintained by a single civil servant.”

Soldera uses AI to integrate with all of them, whether through APIs, document parsing, or automated reconciliation, and normalises everything into a single platform. This enables direct connections between power producers and corporate buyers and automates the full lifecycle of energy attribute certificates — issuance, transfer, cancellation, audit trails, and reporting.

“For corporates, that cuts back-office compliance costs by 25–40 per cent,” shared Jerkku.

"For producers, it boosts revenues by 10–15 per cent by removing layers of intermediaries, and reduces administrative overhead by up to 95 per cent, because the process becomes essentially passive."

In practice, this means a corporate sustainability team no longer has to understand how the Polish, Spanish, German, and Nordic systems all differ — they just see one interface, one compliance flow, one audit-ready dataset.

“Our long-term goal is that EAC management becomes something nobody has to think about anymore. It should be as invisible as cloud billing,” shared Jerkku.

ESG politics versus regulatory reality

The market Soldera operates in sits at the intersection of energy policy and financial regulation, and I was curious whether geopolitics, with shifting political narratives around ESG — particularly in parts of the US —  was reducing corporate demand. 

Jerkku admits he was worried at first, especially with the backlash against ESG in parts of the US:

“But once you talk to corporate sustainability teams, you realise how structural this is. 

They’re driven by regulations like CSRD, Scope 2 and Scope 3 reporting, supply-chain pressure, and investor disclosure requirements — not political fashion.” 

The company sees a rise in  “greenhushing”, where companies do the work but talk about it less publicly.  Yet according to Jerkku, “the actual volume of certificate cancellations and renewable claims is still rising year on year.”

Building infrastructure-scale ambition with an AI-native team

From here, Solera plans to scale its corporate product to the same level as its producer platform and build out a visible global enterprise customer base. It's also working to turn the virtual registry layer into a truly global system with end-to-end compliance across all major markets.

And third, continuing to operate as an AI-native organisation. 

“Our ambition is to build a European infrastructure-scale company — potentially a unicorn — with fewer than 30 people, each operating at 10x leverage through automation", shared Jerkku.

Selected overseas tech “trailblazers” working at promising UK startups will be able to claim reimbursement of visa fees as part of a package of measures announced by the UK government today, as it looks to ramp up its appeal as a destination for startups and investment amid simmering tensions between Europe and the US over Greenland.

Chancellor Rachel Reeves today pitched Britain as a haven of stability as the government looks to attract the brightest minds in AI, clean energy and life sciences, in a speech in front of businesses and global investors at the World Economic Forum at Davos.

The speech comes amid increasingly frosty relations between the US and European countries, including the UK, which follows President Trump's threat of tariffs on countries not backing a US takeover of Greenland.

The package of measures includes reimbursement of visa fees for “select trailblazers” in deep tech and those joining the most promising UK firms in priority sectors, the government said.

The government said researchers and academics in sectors like AI, quantum computing and semiconductors will benefit from visa fee reimbursements, so they can more easily come to the UK. The UK government did not respond to a request for more details about the reimbursement fees.

The government also said new scholarships to study at UK universities will be made available for international maths Olympiad gold medalists. Global firms will also find it quicker to expand in Britain via a new offer to fast-track their sponsor licences, it said.

Other measures unveiled by the government include increased resources behind its Global Talent Task Force, which will bring in specialist private sector head-hunting expertise, as the government looks to encourage more top tech talent to relocate to the UK.

Reeves said: "In a volatile world, Britain stands out. This government is making sure Britain is home to the stability, talent and capital that businesses and investors want and that drives greater growth.

"Some countries give you a platform, but Britain gives you momentum. My message at Davos this week is clear: choose Britain – it’s the best place in the world to invest."

Business and trade secretary, Peter Kyle, who is also part of the UK delegation in Davos, said: "We are positioning the UK as the destination of choice for the brightest minds and innovators as we strive to lead the global race for talent.

“By attracting leaders in AI, quantum, life sciences, and clean energy, we will drive growth, innovation, and make the UK the premier launchpad for the world’s best entrepreneurs."

IMAGE: PEXELS

Applications are now open for the first Open Call of H2SHIFT, a European initiative designed to support startups and SMEs developing innovative hydrogen production technologies. The call is open until 18 March 2026 and targets companies working across the hydrogen value chain, particularly those developing alternatives to existing market solutions or leveraging underexploited energy sources.

The H2SHIFT project brings together industrial partners, universities and research centres within a single, integrated ecosystem of innovation services. Its offering spans the entire development pathway, from laboratory testing and technical validation to scale-up and business development support. Access to these services is provided through a system of cascading Open Calls managed via a Single Entry Point, allowing potential beneficiaries to apply through one centralised access point.

Development platforms

The first Open Call will select a limited number of companies that will gain subsidised access to three advanced development platforms:

• Politecnico di Torino’s test infrastructures for direct hydrogen production from solar energy.
• Youwind’s software for modelling hydrogen production in an offshore environment.
• Resolvent’s multiphysics simulation platform to support design and scale-up of hydrogen production technologies.

At Politecnico di Torino, researchers will support companies developing thermochemical and photochemical hydrogen production processes. Domenico Ferrero and Francesco Orsini, respectively associate professor and researcher of the STEPS group at the Department of Energy Galileo Ferraris, explain: “Our High-Flux Solar Simulator will enable the testing of prototypes of reactors, and their constituent materials, for the thermochemical splitting of water, a process that exploits only the concentrated heat of the sun to produce hydrogen and oxygen. This technology does not require electricity and therefore represents an interesting alternative for the generation of hydrogen from solar energy”.

Further support at Politecnico di Torino focuses on photo-electro-chemical hydrogen production. Simelys Hernandez, associate professor at CREST within the Department of Applied Science and Technology, comments: “We have recently acquired an ultrasonic device for the production of large-scale photocatalytic cells with constant thickness. This, together with our test bench, will allow us to test and validate at scale new materials and devices for the production of hydrogen by photoelectric means, using only sunlight as a reaction motor”.

Youwind will provide access to its Software as a Service platform, which supports the optimised design of onshore and offshore wind farms by integrating engineering and financial modelling. The platform considers environmental and technical constraints, wake loss models, logistics and downtime optimisation, while tracking selected financial indicators. Edvald Edvaldsson, Co-founder and CTO of Youwind, explains: “Our platform needs to consider the production and storage of hydrogen locally to offshore wind farms, to represent and evaluate the business opportunity. The goal of the collaboration with companies through H2SHIFT’s open calls is precisely to further develop our platform to include production models and obtain an estimate of the cost of hydrogen generated with wind energy”.

Resolvent’s contribution focuses on multiphysics modelling to support the analysis and optimisation of complex hydrogen production processes. Lene Gottrup Barfod, Managing Director and Partner at Resolvent, notes: “We supported several companies that needed to verify the functioning of their prototypes for a subsequent scale-up. Simulation with our platform allows us to study the best configurations and operating conditions for process optimisation and is therefore a very useful tool to support the development of an innovation from lab to market”.

How the application process works

The application process requires companies to complete an online form and submit a video presentation outlining their innovation. As explained by Alissa Bauer of the Collège des Ingénieurs, who oversees the presidency of the Single Entry Point: “The application procedure involves filling out an online form, to be complemented by a video presentation of the innovation. After the deadline of 18 March, the consortium of H2SHIFT will evaluate all the applications received and interview the finalists to select the four winners, one for each development platform”.

Selected companies will have up to six months to work directly with experts from Politecnico di Torino, Youwind and Resolvent. Looking ahead, Mara Tumiati of the Fondazione Politecnico di Milano, organiser of the Open Calls, adds: “At the end of 2026 all the test lines and services of the H2SHIFT ecosystem will be made available through a second open call, and 8 other start-ups and/or SMEs that develop innovation in hydrogen production will be selected”.

Further details about the call and application process are available on the official H2SHIFT website, which also hosts the recording of the project’s launch webinar held on 26 November 2025. In addition, the project will host two in-person events for innovators, one on 26 January 2026 in Paris at the Collège des Ingénieurs and another on 4 February 2026 in Turin at the Environment Park. Registration for both events is available via Eventbrite.

H2SHIFT, short for Services for Hydrogen Innovation Facilitation and Testing, is a Horizon Europe Open Innovation Test Bed project providing access to laboratories and specialised expertise to support the validation and scale-up of hydrogen production technologies. Co-financed by the European Union, the project is coordinated by Snam and supported by a consortium of 13 Italian and European partners to strengthen Europe’s leadership in hydrogen innovation.

H2SHIFT is a Horizon Europe project (ID 101137953). Co-funded by the European Union. The contents of this publication are the sole responsibility of the authors and do not necessarily reflect the opinion of the European Union

The post Project H2SHIFT: First open call open until 18 march 2026 for hydrogen innovators (Sponsored) appeared first on EU-Startups.

Orbem, the Munich-based DeepTech company turning Magnetic Resonance Imaging (MRI) into an AI-powered tool to reveal hidden insights in food and biology, today announced the closing of a €55.5 million Series B round to expand into the US, launch new solutions for the poultry industry, and enter the multi-billion-dollar fruit and vegetable market.

The round is led by Innovation Industries and joined by Supernova Invest, with follow-on participation from existing investors General Catalyst, 83North, The Venture Collective, Possible Ventures, and several angel investors.

Dr Pedro Gómez, co-founder and CEO of Orbem, says: “We’re the first and so far only company in the world to demonstrate the use of MRI in less than one second and without humans in the loop. We began by showing the poultry industry what’s possible when you can see inside an egg, and we are just getting started.”

Across 2025, analysis shows steady but generally smaller funding rounds for European DeepTech companies working on AI-driven imaging, inspection, and sensing technologies adjacent to Orbem’s space.

France-based TiHive raised €8 million to scale its terahertz- and AI-powered non-destructive quality-control systems for industrial production lines, while Paris-based Chipiron secured €14.9 million in a Series A to develop a miniaturised MRI scanner aimed at making magnetic resonance imaging more accessible in clinical settings. In the Netherlands, QDI Systems obtained up to €7.5 million in investment and EIC support to advance quantum-dot-based X-ray and SWIR imaging technologies for medical and industrial applications.

Together, these rounds amount to approximately €30 million, highlighting a consistent flow of capital into European AI and imaging DeepTech, albeit at a lower scale than Orbem’s newly announced €55.5 million Series B.

Seen in this context, Orbem’s raise stands out both for its size and for its commercial maturity, supporting expansion into the US and the rollout of AI-powered MRI solutions across poultry, fruit and vegetable quality assessment, and longer-term healthcare applications.

While peers such as Chipiron focus on next-generation MRI hardware and others like TiHive and QDI Systems target inspection and sensing niches, Orbem’s funding reflects investor confidence in the industrial deployment of MRI at scale and the value of its growing biological dataset, positioning the company at the upper end of European DeepTech funding activity in this sector during the 2025/2026 period.

“This new funding allows us to accelerate our US expansion and help more food producers and healthcare providers make better decisions with data. Our scalable platform and our rapidly growing, proprietary biological dataset are the perfect basis for achieving this. We are proud to see the trust our investors have placed in us and our vision to help the world see from the inside out,” adds Dr Gómez.

Founded in 2019, Orbem uses AI to industrialide MRI, enabling non-invasive insight into everything from fruits to eggs to the human body. By providing previously inaccessible information – the sex of an embryo inside an egg, the health of a seed, the quality of an avocado without cutting it open – Orbem serves global customers across agriculture, food, and health.

By doing so, the company is building what is becoming the industry’s largest and most comprehensive biological dataset.

Its flagship product, the Genus Focus, reportedly uses AI-powered MRI to see inside a poultry egg, non-invasively determining its sex in less than one second. This provides an animal-friendly and efficient alternative to the culling of male chicks, a practice now banned in several EU countries.

With over 170 million eggs scanned to date, Orbem is scaling rapidly, ready to meet increasing global demand spurred by initiatives like the new ‘Hatch Check’ certification in the US.

Pleuni Hooijman, Investment Manager at Innovation Industries, states: “Orbem is truly exceptional. Few companies manage to make such complex technology accessible and scalable across so many industries. With its platform, Orbem is already transforming entire sectors, and we are very pleased to join them on this journey.“

Building on their success, Orbem recently launched the Genus Scale, a product that sees inside eggs to check their fertilisation status before incubation. This allows hatcheries to stop wasting valuable incubator space on non-viable eggs, repurposing them for the food industry, creating new revenue streams, and fighting food waste.

Michaël Thomas, Investment Director at Supernova Invest, adds: “We’re thrilled to join forces with Orbem, a visionary company that perfectly embodies Europe’s DeepTech excellence. By combining cutting-edge AI and MRI technologies, Orbem delivers concrete answers to some of the major challenges of our time, from reducing animal suffering to fighting food waste and building a more sustainable global food system. This investment illustrates our conviction that Europe can lead in physical AI, transforming scientific breakthroughs into meaningful industrial innovation.”

The Series B funding will accelerate Orbem’s mission to solve global challenges by revealing what we can’t see on the outside of food and biology. Key initiatives include:

• US Market Entry: After establishing its first US office in Houston, Texas, in 2025, Orbem is bringing its poultry solutions to one of the world’s largest agricultural markets.
• Expanded Poultry Platform: Orbem will continue to strengthen its commitment to the poultry industry, scaling its existing solutions.
• New Vertical: The company is expanding its actionable intelligence for sustainable food production into the fruit and vegetable sector. Orbem’s non-destructive technology can see inside produce like watermelons, avocados and mangoes to spot internal defects and assess quality without cutting them open. This helps producers to sort goods with precision, ensure consistent quality, and dramatically reduce food waste before products reach the consumer.
• Healthcare: What Orbem learns from scanning millions of eggs and avocados translates to a deeper understanding of biology. The company is building the world’s largest biological dataset. This unique asset is the foundation for AI models that could have applications in human health, making non-invasive insights more accessible.

The post From eggs to avocados – Germany’s Orbem raises €55.5 million for AI-powered MRI expansion appeared first on EU-Startups.

We’re happy to announce that the 11th edition of the Global Startup Awards Grand Finale will take place on the evening of May 7th 2026 as part of this year’s EU-Startups Summit (May 7-8) at the Mediterranean Conference Center in Valletta, Malta.

The Grand Finale is a separate, globally-focused startup ecosystem celebration embedded within our evening agenda – adding a fresh, international flavour to the proceedings, but distinct from our very own EU-Startups Pitch Competition.

A shared mission, expanded stage

This collaboration was made possible thanks to MeOut Group, the investor behind the Global Startup Awards (GSA) and parent company of EU-Startups. It reflects our shared belief that startups don’t thrive in isolation – they thrive through collaboration.

While EU-Startups continues to focus on Europe, GSA brings a truly global community into the room. Through a shared mission of boosting startups ecosystems beyond borders, we’re co-hosting an environment where local innovation meets international perspective. Together, we’re shaping a platform that welcomes boundary-pushing entrepreneurs, regardless of where they come from.

“EU-Startups has always stood for connecting the European startup ecosystem – and now, through this collaboration with GSA, we’re opening the door for global perspectives to join the conversation. While our Summit remains focused on European innovation, this partnership strengthens our shared mission of empowering founders at every stage and from every region,” says Thomas Ohr, CEO and Founder of EU-Startups.

Why Malta?

After expanding across 154 countries over the past decade, the GSA is returning to its European roots – and what better place than Malta? The island is an increasingly strategic bridge for global policy, tech investment, and cross-border talent.

Hosting the Grand Finale here symbolises a homecoming of sorts for the GSA, and we’re happy to have it take place during this year’s EU-Startups Summit.

Over 2,500 attendees are expected across the joint event, with at least 1,200 startup founders, 300 investors, and delegations from more than 100 countries. That diversity brings not just visibility but tangible opportunity all involved.

“After more than a decade of building the Global Startup Awards across 154 countries, we are now bringing the full strength of our global network into the heart of Europe. Hosting Edition 11 of the Global Grand Finale here creates a powerful bridge between global innovation and Europe, anchored in an EU setting and strengthened through our partnership with EU-Startups and our co-founding investor, MeOut Group,” adds Kim Balle, CEO and Co-founder of XO Group (Owner of the GSA).

Different stages, shared energy

Our own EU-Startups Pitch Competition will continue to be one of the top highlights of the annual EU-Startups Summit, with a sole focus on early-stage startups from across Europe. The GSA Global Grand Finale, which is happening the day before our EU-Startups Pitch Competition finals, is adding a global dimension that complements our core mission.

In Malta, GSA finalists from across Africa, Asia, Europe, the Middle East, the Americas, and Oceania will compete live across 13 categories, including:

• Startup of the Year
• Best Newcomer
• Best GreenTech Startup
• Best HealthTech Startup
• Best FinTech Startup
• Best Youth Startup
• VC of the Year
• Best Accelerator or Incubator Programme
• Best Co-working Space
• Founder of the Year
• Diversity Role Model of the Year
• Ecosystem Hero of the Year
• People’s Choice

Winners will be announced during the Global Awards Ceremony in front of an audience of global investors, ecosystem leaders, and media.

Beyond the pitch stage, attendees can expect live startup showcases, keynote sessions, fireside chats, cutting-edge product exhibitions, curated matchmaking opportunities, and dedicated networking zones designed to foster cross-border collaboration.

Tickets and access

All EU-Startups Summit ticket holders will have access to the GSA Grand Finale. Finalists selected for the competition will receive complimentary access.

As we look ahead to May, we invite founders, investors, and startup enthusiasts from all over the world to join us in Malta for what promises to be a truly special edition of the EU-Startups Summit – with a global twist.

The post Global Startup Awards Grand Finale to take place at this year’s EU-Startups Summit appeared first on EU-Startups.