Paris-based Primaa, a developer of AI software for automated, accurate histological and cancer diagnostics, has extended its financing round to €7 million. The round is backed by the partnership fund between MH Innov’ and Elaia, and SWEN Capital Partners, with additional participation from Super Capital and members of the Wendel family.

Primaa builds AI tools that detect cancer biomarkers and support diagnostic workflows. Cleo Breast (CE-IVDR) assists pathologists by automatically detecting and quantifying key biomarkers in breast cancer, while Cleo Skin, currently undergoing CE marking, addresses skin cancer and is designed to diagnose melanoma, squamous cell carcinoma, and basal cell carcinoma on histological slides.

These tools aim to improve diagnostic reliability and consistency, reduce processing time, and ease routine workloads for pathologists.

As well as saving time and improving accuracy in diagnostics, our tools make life much easier for practitioners. The automatic counting and detection features completely relieve them of certain time-consuming tasks,

said Fanny Sockeel, CEO and co-founder of Primaa.

Cleo Breast and Cleo Skin are in use at leading centres in France, including Institut Curie, AP-HP, and Saint-Joseph Hospital, and are beginning to roll out in Europe (ZAS Laboratory and Liège University Hospital).

Primaa is expanding its portfolio with solutions in development for cervical cancer (in partnership with AP-HP and Medipath) and prostate cancer (Erasme Hospital, Belgium).

The new funding will strengthen the sales organisation for faster European deployment and customer support, and accelerate feature development, including predictive AI models for disease progression and relapse risk. It will also support international expansion, particularly in the United States with planned FDA certification activities.

Qala AG, a Swiss startup redefining how enterprises achieve real-time data visibility and governance at source, today announces it has raised €1.7 in pre-Seed funding to accelerate product development for their source-level data observability and compliance platform.

The round was led by QBIT Capital and Haatch, with participation from Backbone Ventures, ROI Ventures and seasoned SICTIC data security and technology angels.

“AI is really forcing enterprises to better understand the data they have and rethink who is trusted with this valuable resource,” said David Scott Turner, Co-founder and CEO of Qala AG. “Governance and compliance simply can’t sit at the edge anymore, it has to be continuous and operate at source. Trustworthy software starts the moment data enters your system. Qala gives teams clarity and control they’ve never had before.”

The pre-Seed round for Qala AG reflects growing European investor focus on data observability, governance, and compliance infrastructure.

Across the continent in 2025, several startups have secured larger rounds in adjacent domains – including Sweden’s Rerun (€15.6 million Seed) for multimodal data observability in robotics and spatial AI; Lithuania’s nexos.ai (€30 million Series A) tackling AI security and governance; Germany’s Tanso (€12 million Series A) expanding its environmental-compliance platform; and the UK’s Cloudsmith (€21.9 million Series B) advancing real-time observability of software supply chains.

While these ventures differ in application, they share a common trend: enterprises seeking continuous visibility and automated control of data flows and compliance processes. Qala stands out as the only Swiss startup among them, signalling the country’s growing role in Europe’s next generation of data-governance infrastructure.

“We’ve seen firsthand how teams across engineering, security, and compliance scramble to answer the same basic questions – where data lives, how it’s protected, and who controls it,” said Carl Strempel, Co-founder of Qala. “Whether for vendor assessments or security audits, teams lose time and confidence trying to piece that picture together.”

Qala was founded in 2024 by David Scott Turner, Carl Strempel, and Bruno Soares, who have decades of experience building secure, compliant systems across highly regulated industries. Their previous venture, Imburse Payments – a global enterprise payments platform – was acquired by a leading insurance software provider based in the US.

As enterprises consume ever more data and scale across cloud architectures, microservices, and AI pipelines, their data landscape has increasingly become a black box.

According to the company, compliance and engineering teams are struggling to map the full extent of their data, pinpoint how it moves, understand who (or what) can access it, and identify where internal and third-party dependencies are creating security and compliance risks.

By the time highly manual evaluations are completed, the landscape has already changed. This lack of real-time, continuous clarity creates security risks and slows efforts to comply with critical regulations like GDPR, DORA, and the EU AI Act.

“With AI, these questions are more relevant and harder to answer than ever. Qala was built to bring that clarity continuously and automatically,” added Bruno Soares, Co-founder of Qala. “It was from these scars – and the conviction that compliance must shift left – that Qala was born”.

Qala introduces a “shift-left” model for data compliance, delivering real-time visibility, lineage, classification, and policy enforcement at the source, leading to visibility and governance directly from the source code, APIs and pipelines. Qala makes compliance inherent to product and software delivery, without refactoring or workflow disruption, allowing teams to quickly understand their data environment and enforce meaningful changes.

Benefits for compliance and engineering teams

• Live Data Mapping: real-time mapping of data flows and topologies across services and systems.
• Data Lineage: trace origins to downstream systems, understand dependencies, and evaluate impact.
• Automated Classification and Labeling: data fields are automatically detected and classified for sensitivity and regulatory frameworks.
• Policy Enforcement and Continuous Audit: apply guardrails, collect evidence and generate audit trails automatically and continuously straight from the source.

“Qala makes compliance continuous, automatic, and built into the development lifecycle, removing the lag between data creation and compliance insight. The Founders’ deep experience in regulated infrastructure, combined with the timing as data control and governance become central to AI adoption, gives them a unique advantage to define this new category,” added Basel Sbeini, General Partner at QBIT Capital

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Nvidia is making a $1bn equity investment in Finnish telecoms infrastructure firm Nokia, as the two firms undertake a strategic partnership centred on working together on leveraging AI into telecoms networks and data centre development.

The deal will see the US chip giant acquire more than 166 million new Nokia shares, at $6.01 each, giving Nvidia a 2.90 per cent stake in Nokia.

Nvidia's investment marks the latest in a recent spree of equity stake deals undertaken by the US chip giant, as it looks to cement its position at the forefront of the AI race.

Nokia says it will use the funds to speed up Nokia’s 5G & 6G software to run on Nvidia’s architecture as well as increase its presence in the AI & cloud market, according to a statement.

Nokia added: “Nokia and Nvidia have agreed to collaborate on AI networking solutions and explore opportunities to incorporate Nokia’s data centre switching and optical technologies in Nvidia's future AI infrastructure architecture.”

Nokia, well known for its early mobile phone, has pivoted into a telecoms infrastructure company and is now mainly known as a supplier of 5G cellular equipment to telecom providers.

Nvidia has previously announced deals to invest $100bn in OpenAI and made a $5bn investment in Intel.

Nokia's shares were up 15 per cent following the announcement.

iPNOTE, a Spanish-American LegalTech platform that streamlines intellectual property (IP) management, has raised €857k in a Seed funding round to accelerate the development of its AI agent and deepen its presence across Europe and the UK, alongside expansion into the US.

The round was led by AltaIR Capital, with participation from Hi2 Venture Fund and several angel investors, including partners at Erdem Kaya Patent, a Turkish patent law firm, and Founders of high-tech startups like Super, Lokalise, Chainstack and others.

“Companies face enormous challenges when protecting their ideas globally. At iPNOTE, our mission is to remove that complexity by providing a single AI-powered interaction point that automates the annoying ping-pong with IP attorneys,” said Alex Levkin, Founder and CEO of iPNOTE. “This funding will help us bring our enterprise solution to life and prove that IP management can finally be as seamless as any modern SaaS experience.”

This Seed round for iPNOTE fits within a broader upswing in European LegalTech and legal-AI investment during 2025.

Early-stage funding has been active, with Pandektes in Denmark securing €2.9 million to automate legal research and knowledge management, and Augmetec in the UK raising over €2.4 million for an AI system that streamlines regulatory investigations.

Larger rounds have also been observed: Lexroom from Italy closed €16.2 million to expand its generative-AI platform for legal teams, including into Spain, while Sweden’s Legora raised €70.6 million for its collaborative AI suite for law firms. The Netherlands-based Saga also secured over €1.5 million to expand its lawyer-centric AI platform across Europe and Latin America.

Within this environment, iPNOTE stands out as one of the few Spain-linked LegalTech companies focusing specifically on intellectual-property management. Its AI-driven approach to automating global IP filings aligns with a sector-wide trend of embedding AI into legal and compliance workflows, positioning the startup well for subsequent expansion across Europe, the UK, and the US.

“iPNOTE shows how AI can give companies comprehensive global IP coverage without the burden of hiring and coordinating hundreds of lawyers across jurisdictions. By automating the creation, protection, and maintenance of IP rights, iPNOTE saves businesses significant time and resources while making global protection finally accessible,” said Igor Ryabenkiy, Founder and Managing Partner at AltaIR Capital.

The company was founded in 2022 by Alex Levkin, a certified patent attorney with more than 13 years of experience in IP. Before launching iPNOTE, Levkin built an IP law firm providing startups with cost-effective solutions for international markets. His work revealed how difficult it was to scale traditional IP practices. He envisioned iPNOTE as a way to unify fragmented IP processes and connect enterprises with trusted contractors through one platform.

In 2023, creators and companies around the world filed over 23 million intellectual property applications, including patents, trademarks, utility models, and industrial designs. Europe accounted for about 3.3 million filings, marking one of its busiest years for IP activity.

However, the company says IP protection across borders is still manual and fragmented. Companies are required by law to work with local IP providers in every country where they seek protection. This leads to fragmented processes, endless email chains, and high operational costs.

iPNOTE helps enterprises manage thousands of trademark and patent filings across dozens of jurisdictions by unifying IP management in a single platform and allowing users to automate interactions with IP service providers worldwide.

At the core of this innovation is an AI paralegal – a virtual assistant that can simultaneously manage global IP filings and handle up to 90% of routine communications with providers. The AI oversees the entire IP registration workflow: answers attorney questions, reviews deliverables, summarises documents, tracks deadlines, sends follow-ups to providers, monitors progress from filing to grant, and processes payments.

Instead of sending hundreds of emails, IP managers and paralegals interact with a single AI assistant that seamlessly coordinates with patent attorneys worldwide, reportedly turning weeks of manual work into streamlined automation.

When the AI agent encounters a complex request, it escalates the issue to a human for review to ensure accuracy and reliability at every step.

“Protecting intellectual rights and promoting innovations are not mutually exclusive. The solutions are not more government initiatives but technologies from companies like iPNOTE. Our decision to invest is not only based on iPNOTE’s automated IP management systems, but also on its global coverage. iPNOTE’s clients are not only protected in the US and Europe, but also in over 100 emerging and frontier markets,” said Jerry Wang, Founder and CEO at Hi2 Global.

The company has already created a SaaS platform and processed over 2,000 IP cases in 130+ countries, saving millions of IP budget. Half of iPNOTE’s enterprise pipeline comprises large corporations in Europe and the UK, making the region the fastest-growing market.

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Amsterdam-based micro-mobility company Dott has raised an additional $70 million, extending its Series B funding round to over $150 million. The company has previously raised over $228 million including $85 million Series B funding in spring 2021.

Since the merger of TIER and Dott in 2024, the Company has successfully integrated operations to create one of the leading micromobility players in EMEA with operations in over 400 cities and 21 countries, and delivered over €60 million in annual cost savings to become adjusted EBITDA positive.

The investment comes amid intensifying competition in Europe’s micro-mobility sector. Rivals such as Tier, Voi, and Lime continue to scale their e-bike and scooter fleets as cities shift towards low-emission transport. Many operators are also grappling with tightening regulation, city-level tender systems, and growing pressure to achieve profitability.

Henri Moissinac, Co-Founder and CEO of Dott, said:

“We reached a significant milestone for our business in 2021, launching e-bikes to extend our offer with a vehicle that is more familiar to many people and broadens the appeal of our service.

Starting 2022 with additional funding will propel our growth and allow us to offer environmentally friendly travel to more people.”

The company operates under an in-house logistics and maintenance model, in contrast to competitors who rely on third-party services.

Alistair Watson, Head of Strategy Innovation, Private Equity at abrdn, said:

“We felt that Dott is well positioned to be a leader in the category, offering a high quality product that has been recognised with significant growth in 2021, alongside a responsible business model which takes a rigorous approach to minimising its carbon footprint.”

Specially, the company has successfully issued €70 million of senior secured floating rate bonds in the Nordic market, within a total framework of €150 million (the “Nordic Bonds”), and concurrently is raising a minimum of €15 million in preferred equity as an extension of its existing Series D fundraising round (the “Series D Extension”).

The fresh capital will support the rollout of e-bikes, further product development, and expansion into new markets. Dott said the investment would help enhance user experience while maintaining a focus on safety and environmental impact.

SalesPatriot, a Polish-American startup building a next-generation procurement platform for defense and aerospace components, has raised €4.2 million in Seed funding to accelerate its mission of transforming how parts distributors and manufacturers buy and sell critical equipment.

The round was led by CRV, with participation from Pear VC, Y Combinator, SV Angel, Liquid2, Uncorrelated Ventures, and a network of strategic angels including Paul Graham, Rich Miner, Mark Pincus, Steve Blank, and Mati Staniszewski. This brings SalesPatriot’s total funding to €5.4 million to date.

“Our vision is to become the default system of record for defense procurement – and eventually, all critical supply chains,” says Nelson Ray, CEO of SalesPatriot. “Wars today are won with logistics and supply chains as much as with new platforms. We’re building the infrastructure to make sure the West is ready.”

The funding of SalesPatriot comes amid a notable rise in investor activity around procurement, supply chain, and defence-related technologies across Europe in 2025.

For instance, Mercanis secured €17.3 million in a Series A round to advance its AI-driven procurement platform, while Nvelop in Finland raised €1.2 million to develop an agentic-AI system for enterprise procurement. In the UK, Magentic attracted €4.6 million to automate supply-chain operations through autonomous agents, while Germany’s 3D Spark raised €2 million for its manufacturing and procurement SaaS platform. France’s Bonx added €7.3 million to expand its AI-ERP technology for manufacturing.

Unlike these broader enterprise-focused startups, SalesPatriot’s focus on defense and aerospace procurement distinguishes it within this trend, particularly as the only firm with operations anchored in Poland, a country less represented in this year’s procurement-tech funding announcements.

“We built SalesPatriot from day one to integrate with the messy reality of defense procurement – combining AI, structured data, unstructured communication, and legacy systems,” says Benjamin Rhodes-Kropf, CTO and Co-founder of SalesPatriot. “Our workflows don’t force users to change how they work – they remove the manual overhead. That’s why our customers are already seeing 7x faster turnaround times and winning more Pentagon business.”

Founded in 2024 by engineers Nelson Ray, Benjamin Rhodes-Kropf, and Maciej Szymczyk, SalesPatriot was born out of frustration with outdated procurement systems. Ray and Szymczyk both studied at the University of California, Berkeley, while Rhodes-Kropf conducted AI research at MIT before joining the founding team.

Ray experienced the inefficiencies firsthand while working at Aurora Defense Group. Rhodes-Kropf brought deep expertise in AI and systems engineering, while Szymczyk focused on scaling teams and tapping into European talent.

Together, they have set out to modernise defense supply chains at a time when global security depends on speed, resilience, and better logistics.

SalesPatriot structures data from government portals, ERP systems, spreadsheets, and even unstructured email communications. Its dynamic workflows automate quote processing and order management, enabling suppliers to process orders 7x faster. This is powering teams servicing Pentagon orders worth more than $200 million annually.

In just over a year since inception, SalesPatriot has secured contracts with leading defense parts distributors including Jamaica Bearings Group, AllClear Aerospace, and STATZ Corporation.

“Poland is full of world-class engineers who are eager to work on meaningful challenges,” says Maciej Szymczyk, Co-founder of SalesPatriot. “With SalesPatriot House, we’re giving them the opportunity to build mission-critical technology side by side with our U.S. team. This is just the beginning – we plan to grow our team here significantly and make Poland a key driver of our global expansion.”

The company currently employs 10 team members across engineering and business development, with plans to grow to 12-15 by the end of 2025. New hires will focus on full-stack development and scaling commercial operations.

Alongside its U.S. operations, SalesPatriot has opened the SalesPatriot House in Warsaw to tap into Poland’s engineering talent and build a launchpad for international growth.

“The ability to build, source, and produce, efficiently and domestically, is what sustains American competitiveness,” says Caitlin Bolnick Rellas, General Partner at CRV. “SalesPatriot understands that, and they’re building the modern procurement engine for the next generation of defense manufacturers. We couldn’t be prouder to be in business with this team.”

At SalesPatriot House, engineers live and work alongside the team, focused on two things: shipping world-class code and making customers happy. The company supports hires with housing and food, and offers a relocation path to join the team in San Francisco as SalesPatriot expands globally.

Over the next 12-18 months, SalesPatriot plans to dominate the defense sector, expand into commercial aviation, and begin entering European and Asian procurement markets. Long-term, the company aims to become the trusted infrastructure layer for all mission-critical supply chains – from aerospace to energy.

“SalesPatriot is what great talent looks like in action: deep problem insight, a relentless shipping culture, and an obsession with customer workflows,” says Bartek Pucek, investor in SalesPatriot. “They turned a messy, mission-critical problem into software that accelerates real defense businesses. Wars are won with logistics; logistics today are won with software.”

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SalesPatriot, a Polish-American startup building a procurement platform for defence and aerospace components, has raised $5 million in seed funding. The round was led by CRV, with participation from Pear VC, Y Combinator, SV Angel, Liquid2, Uncorrelated Ventures, and strategic angels including Paul Graham, Rich Miner, Mark Pincus, Steve Blank, and Mati Staniszewski. This brings total funding to $6.3 million.

Founded in 2024 by engineers Nelson Ray, Benjamin Rhodes-Kropf, and Maciej Szymczyk, SalesPatriot addresses limitations in legacy procurement systems by ingesting and structuring data from government portals, ERPs, spreadsheets, and unstructured email. Its dynamic workflows automate quote processing and order management, enabling suppliers to process orders up to 7 times faster. The platform supports teams handling over $200 million in annual Pentagon orders.

Nelson Ray (CEO) said the company aims to establish itself as the primary system of record for defence procurement and, over time, for other mission-critical supply chains as well.

Wars today are won with logistics and supply chains as much as with new platforms. We’re building the infrastructure to make sure the West is ready.

Within a year of founding, SalesPatriot signed contracts with distributors including Jamaica Bearings Group, AllClear Aerospace, and STATZ Corporation. For distributors and manufacturers, the system provides faster access to contracts, fewer manual errors, and higher throughput without additional headcount; for the DoD and its suppliers, it improves speed, accuracy, and supply-chain resilience.

According to Benjamin Rhodes-Kropf (CTO), the company was designed from the outset to work within the complexities of defence procurement by integrating AI, structured and unstructured data, and legacy systems.

Our workflows don’t force users to change how they work – they remove the manual overhead. That’s why our customers are already seeing 7x faster turnaround times and winning more Pentagon business.

Looking ahead, SalesPatriot plans to deepen its presence in defence, expand into commercial aviation, and enter procurement markets in Europe and Asia, supporting a longer-term goal of becoming a trusted infrastructure layer for mission-critical supply chains and transforming how parts distributors and manufacturers buy and sell critical equipment.

Grasp, the AI startup out Sweden automating investment banking and management consulting work using multi-agent systems, today announces it has raised €6 million in Series A funding.

The round was led by Octopus Ventures, with participation from existing investor Yanno Capital. Grasp is also announcing the opening of its first international office in London. This brings total funding to €7.7 million.

“At McKinsey, we spent over 90% of our time on manual work – reading reports, building excel models, creating presentations,” said Richard Karlsson, CEO and co-founder of Grasp. “Together with Simon, who brought critical AI expertise from Ericsson, we realised AI had the potential to completely transform this $1.4 trillion market of human-intensive finance work. Five years later, we’re proving this thesis.”

Several comparable rounds reflect investor confidence in platforms using AI to streamline complex, knowledge-intensive work.

In Denmark, Light secured €25 million to scale its AI-native finance system that replaces legacy enterprise software. In France, Finary raised €25 million to expand its AI-powered wealth-management tools across Europe. Meanwhile, London-based Saturn collected €12.9 million to automate compliance and administrative tasks in financial advisory work.

Notably, Sweden’s own EvoluteIQ secured €44 million to advance its agentic-AI enterprise platform for sectors including banking and financial services.

Together, these rounds illustrate sustained investor appetite for enterprise-AI startups targeting high-value business processes. Grasp’s funding sits within this broader context – a growing European ecosystem applying multi-agent and automation technologies to reshape finance and consulting workflows, with Sweden emerging as a notable hub for such innovation.

“While AI initially boomed in text-centric fields like law, recent advances have finally enabled AI agents to tackle complex, multimodal tasks prevalent in finance. Now, with Octopus Ventures joining our journey, we’re excited to continue expanding our rapidly growing customer base,” added Karlsson.

Founded in 2020 by two former McKinsey consultants and an Ericsson AI engineer, Grasp is automating complex finance work through multi-agent AI systems. The company serves investment banks, management consultants, private equity firms, and corporate strategy teams across 30 countries. The company currently employs 25 people in Stockholm and London.

Grasp was founded by former McKinsey consultants Richard Karlsson and Johan Devér, together with former Ericsson AI engineer Simon Hällqvist. Combining their industry insights and technical expertise, Richard, Johan, and Simon developed a multi-agent AI system capable of executing complex tasks exactly as humans would – delivering ready-to-present spreadsheets and powerpoint presentations tailored for investment banks, management consultants, and private equity firms.

Posting 3.5x ARR growth over the past 12 months, Grasp serves almost 200 customers , including most of the Big Four consulting firms. The latest funding will be deployed to fuel Grasp’s expansion plans and grow its product and sales teams.

The platform connects highly domain-specific AI systems to trusted tools and datasets, helping teams produce higher-quality output by uncovering more relevant companies, surfacing deeper insights, and reducing time spent on manual, repetitive tasks.

“Grasp is at the forefront of vertical AI in finance, having built a multi-agent system that delivers the kind of high-quality output finance professionals rely on,” said Rich Bolton, Principal at Octopus Ventures. “Their strong traction – more than tripling annually and winning major global customers – demonstrates both the power of their technology and the urgency of the need. We’re thrilled to support a team with such deep domain expertise and a clear vision for transforming how financial work gets done.”

EU-Startups previously covered Grasp in May 2024, when we reported on the company’s €1.7 million Seed round to expand its AI assistant for the finance industry – highlighting its early traction in automating analytical and reporting workflows.

“We continue to have a strong conviction in the mission of Grasp, to automate 90% of the knowledge work done by financial analysts, and we are thrilled to continue to back the strong founder team”, says Anna Storåkers, Partner at Yanno Capital.

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