European cleantech companies raised €3.1 billion in 2025, with investment activity concentrated around clean energy infrastructure, industrial decarbonisation, advanced materials, recycling technologies, carbon management, and electrification.

Large infrastructure and energy-transition projects attracted the biggest rounds of the year, particularly in areas such as battery storage, renewable energy, clean fuels, electric vehicle infrastructure, and low-carbon industrial production. Several of the largest financings were aimed at scaling commercial operations and supporting the deployment of capital-intensive facilities.

Debt financing played a significant role across the sector, accounting for a substantial share of total capital raised. Equity funding remained strong, particularly for companies developing climate-focused software, advanced materials, circular economy solutions, and carbon removal technologies.

Geographically, Germany emerged as the leading market by funding volume, followed by the UK, France, the Netherlands, and Switzerland. Together, these countries accounted for the majority of capital raised, although funding activity was distributed across a broad range of European markets, including the Nordics, Southern Europe, and Central and Eastern Europe.

Overall, the sector's funding activity highlights continued investor confidence in technologies supporting the energy transition, circular economy, and industrial sustainability, while also indicating a growing focus on scaling proven solutions from pilot projects to commercial deployment (for more detailed analyses of the European technology ecosystem, check out Tech.eu’s annual report: European Tech 2025 - The Big Picture).

Here are ten cleantech companies that raised the most in 2025.

Amount raised in 2025: €810M Enpal is a company that provides integrated residential energy solutions, including solar panels, battery storage systems, heat pumps, EV charging stations and energy management software. The company enables homeowners to generate, store and manage renewable energy through a connected platform designed to reduce energy costs and increase energy independence. Founded in Berlin in 2017, Enpal operates primarily in the German market and has expanded its offering beyond solar installations to a broader home energy ecosystem. In 2025, Enpal secured €810 million across two rounds to make solar panels and heat pumps more affordable for European homes.

Amount raised in 2025: €252.5M Pulse Clean Energy is a UK-based company specialising in the development, construction, and operation of battery energy storage systems (BESS). The company helps accelerate the transition to a low-carbon energy system by balancing renewable energy supply and demand, improving grid stability, and supporting the integration of renewable power sources. Through innovative energy storage and optimisation solutions, Pulse Clean Energy is working to build a reliable, affordable, and sustainable energy infrastructure for the future. In 2025, Pulse Clean Energy secured €252.5 million to fuel the construction of six new ready-to-build BESS sites.

Amount raised in 2025: $162M Climeworks is a Swiss company that develops and operates direct air capture (DAC) technology, which removes carbon dioxide from the atmosphere. Founded in 2009, the company provides carbon removal services to businesses and organisations and works on projects involving the capture and permanent storage of CO₂. Climeworks operates direct air capture facilities and collaborates with partners in the carbon storage and climate technology sectors. Climeworks raised $162 million in 2025, bringing its total funding to more than $1 billion and providing additional capital to support operational expansion and the development of next-generation direct air capture (DAC) technology.

Amount raised in 2025: €118M Aegis Energy is a UK-based infrastructure company developing a network of clean, multi-energy hubs for commercial vehicle fleets. Its hubs are designed to provide a range of refuelling and recharging options, including electric charging, hydrotreated vegetable oil (HVO), hydrogen, and bio-CNG, to support the transition of trucks and vans to lower-emission energy sources. The company focuses on building public infrastructure for commercial transport operators across the UK. In 2025, Aegis Energy raised €118 million to establish clean energy hubs in the UK and help decarbonise commercial vehicles.

Amount raised in 2025: €100M WAAT is an electric vehicle charging company that provides charging solutions for businesses, fleet operators, property owners, and public sector organisations. The company offers services including charging infrastructure installation, operation, maintenance, and energy management, supporting the deployment and management of EV charging networks across residential, commercial, and public environments. WAAT raised €100 million in 2025 to accelerate EV charging rollout across Europe.

Amount raised in 2025: €94.8M Avantium is a chemical technology company focused on developing and commercialising renewable and circular materials. The company develops technologies that convert renewable carbon feedstocks, such as plant-based sugars and captured CO₂, into chemicals and polymers for applications in packaging, textiles, and other industries. In addition to its materials technologies, Avantium provides research and development solutions in catalysis and sustainable chemistry. In 2025, Avantium secured €94.8 million across two rounds to commercialise plastic PEF and reach EBITDA break-even by 2027.

Amount raised in 2025: $100M CuspAI is a company focused on accelerating the discovery and development of advanced materials. The company combines generative AI, molecular modelling, and physics-based simulations to identify and design new materials for applications across industries including energy, climate technology, semiconductors, and manufacturing. Its platform is designed to reduce the time and cost associated with traditional materials research and development. In 2025, CuspAI secured $100 million to unlock AI’s potential in climate materials.

Amount raised in 2025: £62M Pulpex is a sustainable packaging company that develops fibre-based bottles designed as an alternative to conventional plastic and glass packaging. The company works with consumer goods manufacturers and retailers to develop and commercialise recyclable packaging solutions made primarily from renewable pulp materials. Pulpex's technology is intended for use across a range of product categories, including beverages, personal care, and household products. In 2025, Pulpex secured £62 million to construct its first commercial-scale manufacturing facility near Glasgow.

Amount raised in 2025: €60M GravitHy is an industrial company developing a low-carbon iron production facility that will use renewable hydrogen to produce direct reduced iron (DRI) for the steel industry. The company aims to supply iron products with a lower carbon footprint than conventional blast furnace production, supporting the decarbonization of steel manufacturing and related industrial value chains. GravitHy secured €60 million in 2025 to advance low-carbon iron production and steel decarbonization.

Amount raised in 2025: €51.5 Fairmat is a company that develops recycling solutions for carbon fibre composites. The company uses proprietary processes to recover and transform composite waste into engineered materials that can be used in applications across industries such as mobility, electronics, consumer goods, and construction. Fairmat's technology is designed to support the circular use of advanced materials and reduce waste from composite manufacturing and end-of-life products. In 2025, Fairmat secured €51.5 million in a Series B to close the loop on material recycling.

Merantix Capital has closed a €103m fund to invest in early-stage, AI-native teams across Europe, the Berlin firm announced on 4 June. The fund is more than three times the size of its first vehicle, which co-founders Rasmus Rothe and Adrian Locher raised at roughly €30m, and it widens the firm’s remit from companies built […]

The strategy is defined by a single exclusion. Speaking at the Bloomberg Tech conference on Wednesday, Cerebras chief executive Andrew Feldman said the AI chipmaker is working with every major hardware maker in the industry apart from one: NVIDIA. The line was not a complaint. It was the pitch. Feldman’s argument is that the buyers […]

A reinvestment zone is the unglamorous first step, the procedural gate that has to open before any of the larger numbers attached to a project can flow. On 3 June, the commissioners of Grimes County, Texas, opened it, voting 4-1 to designate a reinvestment zone for SpaceX’s proposed Terafab semiconductor plant. The vote is the […]

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The discipline was the whole identity. For more than twenty years Benchmark kept its funds around $425m and backed only young companies, taking a roughly 20% stake in each and trusting that selectivity, not scale, would produce the returns. That model has now bent. The firm has closed $2bn across two new funds, according to […]

Berlin-based Merantix Capital today announced the closing of its €103 million AI Fund, which will invest in early-stage, AI-native companies across logistics, manufacturing, energy, finance, healthcare, life sciences, robotics, enterprise and physical AI.

The fund will make approximately 40 investements across European AI, with strategic LPs including Union Investment, Jungheinrich, KPMG Germany, the Robert Wood Johnson Foundation and the W.K. Kellogg Foundation.

“Europe’s industrial heritage and world-class research base positions us to produce true AI champions. What we have lacked is the connective tissue between industry and the stratups reimagining industries through AI and machine learning. Pick your metaphor: We’re building the glue, the connective tissue, or the bridge that Europe needs,” says Dr. Rasmus Rothe, co-founder and GP of Merantix Capital.

Merantix Capital’s AI Fund lands in a crowded 2026 European VC market where EU-Startups has reported several specialist funds targeting AI-native companies, DeepTech, industrial systems and the physical-world infrastructure around AI.

The closest comparables include Transition Ventures’ €128 million Fund II, Samaipata’s €110 million AI-native Fund III target, DFF Ventures’ €70 million fund for software and AI in underdigitised industries, and Germany-based Vanagon Ventures’ €20 million pre-Seed DeepTech and AI fund.

EU-Startups has also covered Merantix Capital itself in 2026 as co-lead investor in OutPost Bio’s €2.9 million pre-Seed round.

“Our unfair advantage lies in our ability to deliver the two things that early-stage teams need most, and often the hardest to find: talent and traction,” adds Adrian Locher, co-founder and GP of Merantix Capital.

Founded in 2016, Merantix Capital forms part of the wider Merantix group and is an early-stage VC firm working to bring AI into real-world applications in sectors ranging from healthcare to manufacturing to life sciences and enterprise.

Locher and Rothe co-founded Merantix together in 2016. Locher is a serial entrepreneur and investor who has helped build and scale more than 20 companies across Europe. He studied quantitative economics and business administration at the University of St. Gallen and previously founded and scaled Swiss marketplace DeinDeal before its acquisition by the Ringier Group.

Rothe holds a PhD in computer vision and deep learning from ETH Zurich and studied computer science at Oxford, Princeton, and ETH. He is a founding board member and the current chairman of the board of the German Al Association (KI Bundesverband).

Nicole Büttner, previously the Founder and CEO of Merantix Momentum and founding partner of Merantix Capital, is joining the Capital team fulltime as part of the new fund.

This new fund builds on the strategy of their first fund, which was solely focused on venture studio incubations and includes companies such as revel8, Deltia, Vara and Cambrium.

The fund is split 50-50 between backing venture studio founders who work with the Merantix team to create new AI companies and validate their ideas through an extensive ecosystem, in addition to direct investments at the pre-Seed and Seed stages.

Merantix is actively deploying from the new fund, with investments including Droidrun (mobile-native Al agent infrastructure), Arqh (Al logistics optimization), Outpost Bio (Al for human microbiology), and several other stealth ventures across logistics, manufacturing, recruiting, ERP, energy, and fashion tech.

The VC says they want to build the bridge between Europe’s leading corporates and the most ambitious Al teams on the continent.

Particularly for corporate partners, the investment is part of a broader collaboration with the Merantix Group around Al transformation, including access to early-stage Al companies, selected pilot and partnership opportunities, and the integration into the Merantix ecosystem.

Merantix Capital founders gain immediate access to design partners, early customers, and Al engineering talent through their Al community, anchored at the Merantix Al Campus (80+ resident companies, 300 events per year), the London Al Hub, Al House Davos, and Merantix Momentum, an Al solutions provider leading Al transformations with 70+ Al engineers running 100+ enterprise projects per year.

The post German VC Merantix Capital closes €103 million fund for early-stage AI startups appeared first on EU-Startups.

Uber said “multi-hundred-million” and meant something closer to half a billion. The ride-hailing company’s commitment to self-driving start-up Nuro is near $500m, according to sources directly aware of the matter, a figure that reframes a partnership Uber had described in vaguer terms and reveals a follow-on investment significantly larger than its first. The new detail […]

Sam Altman spent the week in Washington making a careful distinction. He is asking lawmakers to spend more money testing artificial intelligence, and asking them not to require AI companies to win government approval before releasing a model. The first is a request for resources. The second is a request for a particular kind of […]

New Dawn Bio, a deeptech startup developing what it describes as the world's first cultured wood, has closed a €2.1 million oversubscribed pre-seed funding round. The round was led by CapitalT, with participation from Norrsken Evolve, Ontdekkers Group, and a group of prominent angel investors, including Jelle Prins.

Founded in 2024 by Tom Clement (CEO) and Kianti Figler (COO), New Dawn Bio is developing a new approach to producing one of humanity’s oldest and most widely used materials. By harvesting stem cells from trees, multiplying them in bioreactors, and guiding their development into specific shapes, the company can grow wood into its intended form. This process eliminates the need for logging and enables production up to 10,000 times faster than conventional forestry.

Tom Clement, co-founder and CEO of New Dawn Bio, said the wood industry still relies on a centuries-old process of shaping rectangular boards and beams from round tree trunks:

For the first time in history, we can grow premium wood directly into its final shape. This funding allows us to advance our technology and bring a practical product to market.

New Dawn Bio’s technology aims to address the environmental and industrial challenges of traditional timber production. With 5.3 million hectares of tropical forest lost annually, the company’s approach could help reduce pressure on natural forests while avoiding up to 2.1 gigatons of direct CO₂ emissions each year. Its shaped-wood production process also reduces material waste and manufacturing costs by eliminating many conventional woodworking steps.

At the core of the company’s innovation is a new approach to wood production: cultivating living plant cells into wood structures rather than harvesting and processing trees. By combining advances in cell biology, materials science, and engineering, New Dawn Bio is developing tunable wood materials while using AI to accelerate research and development.

The funding will be used to support the next stage of the company’s development, including further technology advancement and team growth. New Dawn Bio brings together expertise from a range of scientific and engineering disciplines to support the development and scaling of its cultured wood technology.

Merantix Capital has announced the final close of its €103 million AI Fund, which will invest in early-stage AI-native companies across sectors including logistics, manufacturing, energy, finance, healthcare, life sciences, robotics, enterprise software, and physical AI.

The fund’s limited partners include Union Investment, Jungheinrich, KPMG Germany, the Robert Wood Johnson Foundation, and the W.K. Kellogg Foundation.

The fund builds on Merantix Capital’s first fund, which focused on venture studio incubations and backed companies including revel8, Deltia, Vara, and Cambrium. The new fund will allocate capital equally between venture studio companies developed with the Merantix team and direct investments in pre-seed and seed-stage AI startups across Europe.

Merantix Capital’s investment strategy focuses on companies applying artificial intelligence to industry-specific use cases, particularly in sectors where AI adoption may support operational efficiency and workflow optimisation. With investment teams based in Berlin and London, the firm invests in founders across Europe.

The fund has already made investments in companies including Droidrun, which develops mobile-native AI agent infrastructure, Arqh, focused on logistics optimisation, and Outpost Bio, which applies AI to human microbiology. The portfolio also includes several companies currently operating in stealth mode across logistics, manufacturing, recruiting, ERP, energy, and fashion technology.

Merantix Capital operates within a broader platform that includes the Merantix AI Campus in Berlin, the London AI Hub, AI House Davos, and Merantix Momentum, an AI solutions provider focused on enterprise AI implementation. These initiatives provide portfolio companies with access to industry networks, technical expertise, and potential commercial partnerships.

The case turns on a question of authorship. When a user types a prompt and Grok returns a sexualised image of a real woman, who made it, the person at the keyboard or the company that built the machine? On 3 June, Labour MP Jess Asato filed a claim at the High Court in England […]

Innovorder, a Paris-based scale-up specialising in the digitalisation of the restaurant industry, has raised €20 million in a funding round to accelerate its “AI-first” transformation. 

The round was led by UL Invest, the family office of tech entrepreneur Laurent Useldinger. This deal combines a capital increase and the buyout of shares from historical investors. Evolem, a Lyon-based family office and investor since 2019, remains a shareholder.

Jérôme Varnier, CEO and co-founder of Innovorder, explained, “In eight years, we have grown from a startup to a profitable scale-up and leader in our markets. With UL Invest, we are giving ourselves the means to become the European champion of restaurant digitalisation. Our ambition is clear: to make Innovorder the benchmark scale-up in European restech, by combining organic growth, targeted acquisitions, and geographic expansion.”

Founded in 2014 by Varnier, Romain Melloul, and Olivier Loverde, Innovorder is a French software publisher for front-office digitalisation in restaurants. The company states that its all-in-one SaaS platform covers all the operational needs of a point of sale: order taking (POS, kiosks, online ordering, QR code), payment (POS coupled with its proprietary Innovorder Pay solution), kitchen production (KDS), business management (back-office, Atlas AI reporting), and customer loyalty.

The company caters to both commercial and contract catering. The former includes quick-service restaurants, bakeries, coffee shops, food courts, transport catering (stations, airports, trains, cruises, etc.), and contract catering includes services for companies, schools and universities, hospitals, and healthcare groups.

The French scale-up states that the €22 billion European contract catering market is still mostly dominated by outdated IT systems. Innovorder claims to be the only prominent cloud-native company in this space.

It equips the ten largest contract catering players in France (including Sodexo, Elior, Compass, and API Restauration) as well as major commercial catering brands such as La Croissanterie and Amorino.

The company has also announced an “ambitious” strategy for external growth across Europe. Currently active in France, Morocco, Spain, and Italy, Innovorder plans to achieve pan-European leadership by 2030, encompassing all consumption methods (on-site, delivery, takeaway, drive-thru) and market sectors (commercial, contract, and leisure catering).

To accomplish this, the company has brought in several notable entrepreneurs and co-investors, who are also participating in its governance, such as Jalel Souissi, co-founder and former co-CEO of Acrelec and GemTech Investors, an investment structure founded by Stéphane Epin (former partner at European private equity fund Astorg).

Laurent Useldinger, founder of UL Invest, said, “Innovorder brings together everything we look for at UL Invest: an exceptional founding team, a differentiating product, leadership positions in markets undergoing full digitalisation, and existing profitability. We are proud to support Jérôme, Romain, and Olivier in this new phase, and to provide them with our experience in SaaS scaling and our network of co-investing entrepreneurs to make Innovorder a European champion.”

With this funding, the company also aims to accelerate its “AI-first” transformation, initiated 18 months ago. Innovorder has structured a dedicated team and deployed its first AI agents into production for its clients.

At this strategy’s core lies its proprietary solution called Atlas. The company notes that with its fleet of AI agents, it provides European restaurateurs with a new generation of tools capable of automating daily operations, while integrating with their existing software ecosystem. 

Innovorder reports that it has been profitable since 2024, with a 40% annual organic growth rate, and anticipates reaching €15 million in revenue by 2026. 

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Meta has reached for a bigger weapon. The company accused the Australian government of breaching the US-Australia free trade agreement with its proposed News Bargaining Incentive, and pointed Washington towards the “trade action” it has taken against other countries that taxed American technology firms. The dispute over paying for news, now in its fifth year, […]

Kodesage, a startup developing an on-premise AI platform for legacy software modernisation, has raised $6.6 million in a seed funding round led by VentureFriends. Existing investor Portfolion also participated in the round, alongside angel investors including Christian Szegedy, co-founder of xAI, and German footballer Mario Götze.

Founded in 2024 by Gergely Dombi, Miklos Szurdi and Gyorgy Szilagyi, Kodesage helps enterprises understand, document and modernise complex legacy software systems. Its platform extracts information from source code and documentation to create a continuously updated knowledge layer that enables teams to maintain, migrate and support mission-critical applications with greater efficiency and lower risk.

Kodesage is primarily focused on highly regulated industries, including banking, insurance, energy, transportation, telecommunications and the public sector, where critical business operations often continue to rely on software built decades ago. While these systems remain essential to day-to-day operations, modernising them can be costly and complex, particularly as experienced engineers retire and institutional knowledge becomes harder to access.

The platform is designed to analyse both modern and legacy technology stacks, including Oracle Forms, PL/SQL, COBOL, PowerBuilder and RPG. It automates tasks such as codebase discovery, documentation generation, context-aware code conversion, test creation and AI-assisted production support.

To address data residency and compliance requirements, Kodesage operates entirely within customer-controlled environments, whether on-premise, in a virtual private cloud or in fully air-gapped deployments. This approach allows organisations to use AI-powered tooling while keeping source code, databases and business-critical information within their own infrastructure.

Software modernisation is rarely straightforward, particularly in regulated industries where legacy and modern systems often need to coexist for years. As institutional knowledge gradually disappears, the burden of maintaining these systems continues to grow. Our goal is to help organisations modernise faster, reduce operational complexity and improve support through AI-assisted tooling,

said Gergely Dombi, co-founder and CEO of Kodesage.

The company plans to use the new funding to expand its go-to-market efforts across the US and Europe, while continuing to invest in product development and engineering. Kodesage said its long-term vision is to enable self-healing enterprise applications capable of continuously learning, testing and validating improvements with human oversight.

The most consequential line in Intel’s Computex announcement was not about a chip. It was about a ratio. As AI workloads move from training to inference, the company argued, the long-standing arrangement of four GPUs to every CPU collapses towards something closer to one to one, and the processor Intel actually sells well moves back […]

The streaming service that taught a generation to scroll endlessly now wants to sell them the cure. At the Bloomberg Tech conference in San Francisco on Wednesday, Netflix’s chief product and technology officer, Elizabeth Stone, said the company is deploying generative AI to help subscribers cut through the volume of content it has spent two […]

A new Cambridge Enterprise Initiative called Leaps is launching today to embed Cambridge-based companies in complementary ecosystems, giving selected founders access to new markets, talent and investment in key geographical hotspots to enable their success

The initiative has been launched in collaboration with global partners Phoenix Court, Balderton Capital and the BioInnovation Institute Foundation (BII). With space for three companies, the London Leap will allow Cambridge startups to be embedded within the dynamic London ecosystem, which attracts not only international capital, but has a reputation for continued unicorn creation. 

With Cambridge being ranked as one of the world’s top cities for innovation output per capita in the Ecosystem Index, behind only the Bay Area and Boston, the deep connection with London will connect two powerful and complementary ecosystems.

The aim is to boost Cambridge-born companies, translating the world-renowned research at the University of Cambridge addressing some of the major global challenges – climate health, human health and quantum computing to name just a few. 

Since 1995, the companies supported by Cambridge Enterprise have collectively raised over £4.9bn, making Cambridge a source of trusted commercial science-based innovation. From idea development to investment, we provide the diverse support needed by researchers, innovators and talented teams tackling the challenges facing the world today. Notable spinouts from Cambridge Enterprise include BlueGnome, Centessa Pharmaceuticals, Gyroscope, Solexa, VocalIQ and Cytora.

Companies will be invited to apply and chosen on a competitive basis by the Leap partners and an advisory board formed by investors and serial entrepreneurs with a global presence.

Among them are Susan Hill, CEO of Mestag Therapeutics, Daniel Mahony, Senior Partner at Novo Holdings UK, Lord David Prior, Deputy Chairman UK and Global Senior Advisor at Lazard, Dr Bobby Yerramilli-Rao, Chief Strategy Officer at Microsoft and Dr Kaja Wasik, CEO of Echo Labs. 

Jim Glasheen, Cambridge Enterprise Chief Executive Officer said:

“Companies cannot grow and scale in isolation. London is a globally connected hub.

Our partners can help our companies become a ‘local’ within these complementary innovation ecosystems, creating the meaningful connections that allow companies to grow. London is only the beginning, as we identify new ecosystems in different locations and continue to build on a global proposition of Leaps.”

Suranga Chandratillake, General Partner at Balderton, said:

“Cambridge continues to be one of the most exciting ecosystems for deep tech, producing companies such as Wayve, Healx and Darktrace.

The next generation of ambitious founders deserves the support to match that ambition. This is why we’re delighted to partner with  Cambridge Enterprise through Leaps, enabling the connections that are such a critical part of building a successful tech business.”     

Julia Hawkins, General Partner at Phoenix Court, said:

“Cambridge has long produced some of the world’s most ambitious deep tech companies, from pioneers like Raspberry Pi to breakthrough businesses such as Nyobolt and CuspAI. 

The opportunity now is to help more of these companies connect earlier with global markets, talent and customers. London is one of the few ecosystems in the world with the density of operators, investors and international networks to help accelerate that journey.”

Jen Nielsen, CEO at BioInnovation Institute, said:

“We are excited to support the London Leaps initiative and help strengthen the bridge between Cambridge and other leading innovation ecosystems.

At BII, we are passionate about turning outstanding scientific research into commercially viable companies, and Cambridge represents one of the world’s foremost hubs for scientific excellence, entrepreneurial talent and breakthrough innovation.”

Lead image: Pixabay.

Semble, a London-based HealthTech startup helping outpatient providers coordinate care and manage the entire patient journey, has secured a €34.7 million (£30 million) Series C funding round. 

The round was led by European growth investor Revaia, with participation from a second new investor, Partech, alongside continued backing from existing investors Mercia Ventures and Octopus Ventures. 

Morgan Kessous, Partner at Revaia, said, “Semble is building the system of action for modern healthcare – a platform with genuine clinical depth, real scale and the trust of healthcare providers across the UK and France. The European healthcare market is being reshaped – by technology, by demand and by shifting patient expectations – and Semble is exceptionally well positioned to lead it. Revaia is proud to back the company with the investment further strengthening its conviction in the long-term transformation of healthcare.”

Founded in 2018 by Christoph Lippuner and Mikael Landau under the name Heydoc, the company later rebranded as Semble in July 2022. The company is a healthcare management platform for outpatient providers. It was founded to address the lack of coordination in healthcare. 

The company claims to connect and orchestrate every stage of the patient journey, helping solo clinicians, growing group practices, and complex enterprise organisations deliver faster, safer, and more patient-centred care.

According to the company, the investment comes as healthcare providers across the UK and Europe face mounting operational pressure caused by fragmented technology systems, rising patient demand and a generational shift towards private medical insurance and self-pay care models.

Christoph Lippuner, CEO and co-founder of Semble, said: “For years, the industry has tried to address complex systemic issues through disconnected point solutions, but fragmented technology often adds operational complexity for healthcare providers and creates an interrupted experience for patients. 

“What healthcare organisations need is intelligent orchestration across the entire care journey. The practices and groups that win over the next decade will be the ones that deliver the best patient experience end-to-end. This investment allows us to rapidly scale that vision across the UK and Europe.”

The platform is open and interoperable by design, and integrates with over 1,200 tools across diagnostics, billing, labs, CRM and more. It reports that currently, over 10 million patients have received care from a clinician using the platform. Its 1,700 customers include notable healthcare brands, including Nuffield Health, Welbeck, Midland Health, London Doctors Clinic, Modality and ProblemShared.

With this funding, the company aims to expand into leading healthcare groups, strengthen its position as the AI orchestration layer in modern care delivery, and establish itself in France, where Semble’s flexible platform has achieved regulatory maturity in under a year. The company has also increased its headcount by over 50% since December 2024.

The post London’s Semble raises €34.7 million Series C to scale its healthcare management platform for outpatient providers appeared first on EU-Startups.

CommerceClarity, an AI agent platform for catalogue operations used by enterprise retailers and brands including Prada, STIGA, Cisalfa Sport, Arcaplanet, Next Hardware & Software and Top Farmacia (Hippocrates Holding), has acquired Barcelona-based startup Katalogo.ai. As part of the transaction, Katalogo.ai founder Luca Cozzolino will join CommerceClarity's founding team as Chief Product Officer.

The acquisition marks CommerceClarity’s first M&A transaction, completed 18 months after the company was founded and six months after it raised €2.7 million in funding.

The acquisition brings together two companies working to address the growing complexity of product catalogue management in e-commerce. As retailers expand across multiple channels, markets and marketplaces, and as AI-powered search and shopping agents increasingly influence product discovery, the quality and structure of product data have become critical factors in online visibility and performance.

CommerceClarity has developed an AI-powered platform that helps retailers and brands structure, enrich and validate catalogue data across sales channels. The platform acts as an intelligence layer that enables businesses to manage catalogue operations at scale while maintaining data quality and compliance requirements.

Katalogo.ai was focused on building AI-powered styling agents for retail catalogues, capable of analysing available products and generating curated outfit and product recommendations. The company’s technology was designed to help fashion and lifestyle brands create more personalised shopping experiences while maximising the value of their product data.

We had identified the same problem from two different angles. Luca approached it from the merchant and platform side, while we focused on enterprise infrastructure. Bringing the two approaches together allows us to accelerate the development of a shared vision,

said Federico Sargenti, co-founder and CEO of CommerceClarity.

Cozzolino brings experience across e-commerce, retail and product development, having held product leadership roles at Shopify and Zalando. At Katalogo.ai, he focused on developing solutions to the growing challenges of product catalogue management.

When I met the CommerceClarity team, it became clear that our expertise was highly complementary. Joining forces creates an opportunity to accelerate product development and pursue a larger vision for the future of commerce,

says Cozzolino.

The acquisition coincides with CommerceClarity’s international expansion, with the UK becoming the company’s first market outside Italy.

As it expands internationally, CommerceClarity said it will continue to scale its AI-driven catalogue operations platform and its “Service as a Software” model, under which dedicated AI engineers work alongside customers to deploy and optimise catalogue management agents across product categories.

Innovorder, a French restaurant technology company specialising in the digitalisation of restaurant operations, has raised €20 million in a funding round led by UL Invest, the family office of technology entrepreneur Laurent Useldinger.

The transaction combines a capital increase with the partial buyout of shares held by existing investors. Evolem, which first invested in the company in 2019, remains a shareholder following the operation.

Founded in 2014, Innovorder develops cloud-based software and digital solutions for restaurant operators across both commercial and contract catering. Its all-in-one SaaS platform supports a wide range of operational functions, including order management, payment processing, kitchen operations, business management, customer loyalty, and AI-powered reporting.

The company serves customers across multiple segments, including quick-service restaurants, bakeries, coffee shops, food courts, transport catering, as well as schools, universities, hospitals, and corporate dining facilities. In the European contract catering market, estimated at €22 billion and still largely reliant on legacy systems, Innovorder has established a strong presence as a cloud-native technology provider.

Over the past 18 months, the company has expanded its focus on artificial intelligence, building a dedicated AI team and deploying its first AI agents for customers. Central to this strategy is Atlas, Innovorder’s proprietary platform designed to automate operational and management tasks while integrating with existing software systems. The company says the technology helps restaurant operators improve efficiency and reduce the time spent on routine administrative work.

The funding comes as Innovorder continues to expand across the European restaurant technology market. The company said it has been profitable since 2024 and reports annual organic growth of 40 per cent. It expects to generate €15 million in revenue in 2026.

The new capital will be used to support Innovorder’s next phase of growth, including further product development, expansion across European markets, potential acquisition opportunities, and the strengthening of its position in both commercial and contract catering.

Semble has raised £30 million in a Series C funding round led by Revaia, with participation from Partech and existing investors Mercia Ventures and Octopus Ventures.

Semble is a UK-based healthcare technology company that provides a practice management and care coordination platform for outpatient healthcare providers. Its software helps clinicians, medical practices, and healthcare organisations manage patient journeys, coordinate care, and streamline clinical and administrative workflows through a unified platform.

The company says more than 10 million patients have received care through clinicians using its platform. Semble also serves more than 1,700 healthcare organisations, including Nuffield Health, Welbeck, Midland Health, London Doctors Clinic, Modality, and ProblemShared.

According to the company, adoption has increased among private outpatient hospitals and healthcare groups seeking to consolidate multiple operational systems into a single platform.

Commenting on the funding, CEO and co-founder Christoph Lippuner said that healthcare providers have traditionally relied on disconnected technology solutions to address operational challenges, a fragmented approach that can increase complexity for providers and create a less seamless experience for patients:

What healthcare organisations need is intelligent orchestration across the entire care journey. The practices and groups that win over the next decade will be the ones that deliver the best patient experience end-to-end. This investment allows us to rapidly scale that vision across the UK and Europe.

Semble plans to use the funding to expand its presence among large healthcare groups, strengthen its position in the UK and France, and further develop its AI-powered care orchestration capabilities.

For years, one question in Microsoft’s internal employee survey served as a reliable pressure gauge. It asked whether staff felt they were getting a “good deal at Microsoft,” defined as “a reasonable balance between what I contribute to Microsoft and what I get in return.” When the scores dropped low enough, the company responded with significant […]