London-based GoCanopy has raised €2.1 million in seed funding to support the development of its AI-powered operating system for institutional real estate investors. The round was led by ISAI, with participation from BNP Paribas Développement, Yellow, and a group of angel investors.

Institutional real estate investors manage large volumes of deals, tenant, and financial data that are often fragmented across emails, documents, spreadsheets, and teams. This fragmentation can limit the creation of a unified system of record and reduce the ability to systematically leverage historical information for investment and asset management decisions.

GoCanopy addresses this challenge through a centralised, AI-driven platform that extracts and structures data from internal documents such as offering memoranda, rent rolls, and asset management reports. Using human-in-the-loop AI workflows, the platform consolidates unstructured information into a shared institutional knowledge base that evolves as new data is added.

Founded in 2023 by William He and Yash Pabbisetti, GoCanopy develops institutional-grade AI tools for real estate investment teams. The platform supports core investment workflows, including deal screening, underwriting, and investment committee preparation, while also enabling asset management functions such as lease expiry monitoring, rent review tracking, and identification of leasing opportunities. All insights remain traceable to source documents to support transparency and governance requirements.

WilliamHe, Co-founder and CEO of GoCanopy, said his experience in real estate investing showed how fragmented data limits value creation, and that advances in AI now make it possible to consolidate institutional intelligence and unlock additional revenue opportunities.

The new funding will be used to further develop the enterprise platform and support international expansion, including opening an office in London alongside Paris and growing the company’s commercial and engineering teams.

Düsseldorf-based Co-reactive, a ClimateTech startup focused on decarbonising the construction industry at scale, has closed a Seed financing round totalling €6.5 million to scale its CO₂ mineralisation technology. 

The round was led by HTGF, with participation from NRW.Bank, HBG Ventures, AFI Ventures (the early-stage impact arm of Ventech), Evercurious VC and a network of experienced climate tech business angels. 

It has also received support through grants such as the Federal Funding for Industry and Climate (BIK) from the German Federal Ministry for Economic Affairs and Energy (BMWE).

Dr.-Ing. Andreas Bremen, co-founder and CEO of Co-reactive, commented, “With the right co-founders and an interdisciplinary team, we are taking CO₂ mineralisation from the lab into continuous industrial operation. The support of our financing partners, with the HTGF as lead investor, gives us the strength to deliver proof of performance with a 1,000-ton demonstration plant and to prepare large-scale deployment together with industry. We are building a solution that is urgently needed today so that it can create impact at industrial scale tomorrow.”

Co-reactive was founded in 2024 as a spin-off from RWTH Aachen University. After completing his PhD, Dr.-Ing. Bremen teamed up with his fellow student, Orlando Kleineberg and Willi Peter to establish Co-reactive. 

The cement industry is one of the largest sources of greenhouse gas emissions in the world. According to Co-reactive, the cement production process releases substantial CO₂ from limestone, underscoring the need for solutions that can capture and utilise the resulting CO2.

This is where Co-reactive comes in. The company has developed a continuous process that converts CO₂, together with magnesium- or calcium-containing silicate minerals such as olivine or metallurgical slags (EAF & BOF), into performance-enhancing, CO₂-negative supplementary cementitious materials (CO-SCMs).

The German startup claims that the CO-SCMs have a negative CO₂ footprint and enable a significant reduction of the clinker content in cement and construction materials without compromising performance. The solution can be integrated into existing production processes as it’s designed as a drop-in technology. 

“The construction industry is at a turning point: Conventional supplementary cementitious materials such as ground granulated blast furnace slag and fly ash are becoming scarce and expensive as decarbonisation progresses – prices for fly ash have in some cases quadrupled over the past two years. Co-reactive offers a scalable alternative that is not only CO₂-negative, but can also be integrated into existing processes as a drop-in solution. With strong unit economics and an experienced team of mineralisation and plant engineering experts, Co-reactive has the potential to transform the industry in a lasting way,” said Anna Stetter, Investment Manager, HTGF. 

The company aims to use this fresh capital to scale its current lab and pilot operations in Q2 2026 to a continuous demonstration plant with a capacity of around 1,000 tons per year. 

It is also working with industrial partners to prepare “first-of-a-kind” plants at the “tens-of-thousands-of-tons” scale. From 2027 onward, these facilities are intended to mineralise biogenic or process-related CO₂ streams directly on site at cement and steel plants.

Co-reactive collaborates across the value chain with CO₂ and raw material suppliers, cement and concrete producers, and certification bodies to scale from pilot plants to large industrial units in the 100- to 300-kilotons range. Its team has expertise in CO₂ mineralisation, plant engineering, commercialisation, and scaling sustainable tech.

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Today, Luminance launched the largest update to its Legal-Grade AI platform in the company’s ten-year history. The new architecture retains negotiation history and legal decision-making across all enterprise contracts, addressing a long-standing gap in contract systems that captured outcomes but lost the context behind decisions.

Luminance’s platform now connects the context for contract negotiations, workflows, and analysis across the entire enterprise portfolio.  

Founded in 2015 and developed by AI experts from the University of Cambridge, Luminance’s Legal-Grade AI redefines enterprise decision-making, turning contracts from an administrative burden into strategic intelligence.

The value of specialisation

I spoke to Graham Sills, co-founder and Director of AI, last year at Web Summit, who told me, “I’m very glad we specialised early. 

“Our advantage is that we’ve spent a decade building deep legal expertise and domain-specific models. 

This means that if your entire product depends on a general model whose licensing or capabilities change, it creates real business risk.  Specialisation gives us a much stronger foundation.”

The problem that started it all: Highlighters in law firms

Regarding the impetus for the founding of Luminance, he recalled, 

“Some of my friends had studied law and were very excited to go and work in big law firms. 

They’d spent a huge amount of money and effort on their education, and in their first few years they were basically given a highlighter pen and told to read contracts all day, every day.”

He thought it was a “terrible waste of talent and time”, and it felt like a problem that technology could solve.  “At the time we wouldn’t even have called it AI, but that’s how we ended up building a company focused on specialised legal AI.”

The ‘legal brain’ of the organisation

Luminance’s multi-agent platform automates entire workflows, from creation and negotiation to risk review and compliance. It understands clauses, evaluates legal and commercial impact, takes action,  and learns from every negotiation, becoming increasingly attuned to your business. 

Today, Luminance is used by over a thousand organisations worldwide. 

Sills shared: 

"We think of it as the ‘legal brain’ of the organisation — everything you would normally go to your general counsel for, you can now access through AI agents, supported by humans.”

For example, if you want to understand how something like Trump’s tariffs affect your business, traditionally that would take weeks — reading different contracts, working with analysts, pulling everything together. With Luminance, it can take minutes.” There’s also negotiation.

For simpler agreements like NDAs or service contracts, Luminance has shown that two AI agents can actually negotiate with each other. 

“We’re not quite ready as a society to remove humans from the loop entirely, but a huge amount of the work can already be automated.”

Sills shared a customer anecdote: a customer returned from holiday and realised he was supposed to review a master service agreement, with a deadline in 2 hours. Normally, that would have taken four or five hours at least.

According to Sills:

“He put the document through Luminance, checked it against his company’s risk criteria, and within about five minutes had enough confidence to make a decision and sign. That kind of time saving is transformative.”

For a decade, Luminance has cut contract negotiation time by 70-80 per cent. With this relaunch, that jumps to 90 per cent. 

Further, these capabilities have expanded with the new upgrade. With institutional contract knowledge now available throughout the enterprise, legal teams can regain over 30 per cent of their time.

Solving ‘enterprise amnesia’

According to Eleanor Lightbody, CEO of Luminance:

“Enterprise amnesia is real, and it's costly. Whenever it’s time to renegotiate a contract, executives ask: Who agreed to this, and why? 

Current AI systems are helpful at the moment, but become disconnected over time. Our new platform remembers, reasons, and stays with the work in perpetuity, which distinguishes it from anything else on the market.” 

In 2025, the company's global revenue doubled for the second year, with North America growing 127 per cent YOY, including its first eight-figure enterprise deal. 

To support this growth, Luminance’s headcount grew by over 40 per cent across the  UK, Europe, Australia, and the United States.

Over the past 12 months, Luminance analysed 18M+  contracts across jurisdictions and industries.

Luminance’s new Legal-Grade AI launches in beta to design partners, with broader availability from  February 25.

When four engineering students at TU Delft shared a simple idea in 2013, they had no clue it would change how millions of students study worldwide. Marnix, Lucas, Sander, and Jacques noticed something unfair: students with lots of friends could easily swap great study notes, while others struggled alone. They started by carrying external hard drives from room to room, sharing notes with classmates. That small act of helping each other became Studocu, a platform that now serves 60 million students every month across more than 100 countries.

From Dorm Room to Global Impact

Studocu started with a clear mission: to make education accessible to everyone. The founders believed quality education helps you excel in life, but only when everyone has access to the same resources.

What began as a handful of lecture notes from one Dutch university has grown into a massive library of over 50 million study documents from more than 120,000 schools worldwide. Students upload around 50,000 new notes every day, about one new document every second. From 15 million users in 2021 to 60 million monthly users today, Studocu proves that students everywhere want to learn together and help each other succeed.

The Library That Never Sleeps

Studocu is built around student-shared study materials. When you search by your school and course, you can find notes, summaries, and practice problems that match what you're learning. One person's summary can save someone else hours, and seeing a topic explained differently can make it click. But a big library can feel overwhelming. That's why Studocu also offers AI tools to help students pull out key ideas faster.

Study Smarter, Not Harder: The AI Revolution

A recent survey by Copyleaks showed that 90% of students are turning to AI to help manage their schoolwork. Studocu recognized this need and integrated powerful AI tools directly into its platform.

• Instant Summaries: Upload a dense 40-page textbook chapter, and Studocu AI breaks it down into a clear, organized summary in seconds, extracting key points so you don't have to re-read the same paragraph three times.
• Study Assistant: Think of this as a tutor who's always awake. As you read through a document, you can ask the Study Assistant to explain a concept, simplify a definition, or provide an example.
• Active Recall with Quizzes: Studocu AI turns your notes into interactive quizzes, scanning your uploaded content and generating multiple-choice questions to test your knowledge immediately.

Mock Exams: Practice Like It's the Real Thing

The most anxiety-inducing part of school is the exam itself. Studocu's Mock Exam feature lets you generate a tailored practice test based entirely on your course materials. Upload your lecture slides or notes, click "Mock Exam," and the AI creates a balanced test with multiple-choice, short-answer, and essay questions. You take it under a timer, simulating real exam pressure. After you submit, you get detailed feedback showing what you missed and why, so you know exactly what to study next.

Trusted by Students and Recognized Globally

Studocu was recently named one of the World's Top EdTech Companies of 2025 by TIME and Statista. The platform currently holds a 4.2-star rating on Trustpilot based on nearly 10,000 reviews, with students consistently citing the quality of shared resources as a major factor in their academic success.

Grow Smarter Together

Studocu is built around a simple idea: students learn better when they support each other. Shared notes can save time, and AI tools help you turn messy materials into something you can actually review. If you feel stuck, you don't have to start from zero.

Summary

Studocu is a massive online study group where millions of students share lecture notes, summaries, and practice problems for specific courses. Unlike ChatGPT, Studocu AI focuses exclusively on student-shared documents and your files, keeping answers tied to real academic material. The platform is mostly free and works for all subjects, from engineering to physics, with real-time collaboration support. If you don't have notes to upload, search the library by your university and course to find materials from students who've taken the same class.

Evaro, an NHS-licensed digital healthcare platform, has closed a $25 million Series A funding round led by AlbionVC, with participation from Simplyhealth Ventures, Exceptional Ventures, Cornerstone VC, and BBI.

Founded by medical professionals, the company provides embeddable prescribing and pharmacy infrastructure that enables consumer brands to offer regulated digital healthcare services directly to their customers. The platform supports treatment across more than 80 conditions and has served over two million patients to date, working with a range of consumer brands.

Evaro’s infrastructure includes asynchronous consultations, remote diagnostics, prescribing, dispensing, and aftercare, and can be integrated into existing digital platforms within a short timeframe. For partners, the model enables the addition of healthcare services with limited implementation effort, while supporting new revenue streams and deeper customer engagement.

Dr Thuria Wenbar, CEO and co-founder of Evaro, explained that the company has developed infrastructure that allows trusted consumer brands to offer safe, regulated healthcare for common conditions without building their own systems.

The funding comes amid increasing pressure on primary care in the UK, driven by extended waiting times for GP appointments. Evaro aims to help address this demand by expanding access to regulated digital healthcare services.

Looking ahead, the company plans to broaden its reach and further develop its healthcare-as-a-service offering in the UK market.

Paraglide, an agentic AI product for accounts receivable (AR), has raised a $5 million seed round co-led by Bessemer Venture Partners and DN Capital, with participation from Born Capital and The Nordic Web Ventures. 

Built for high-volume B2B finance teams, Paraglide deploys AI agents that automate two-way billing communication across the AR lifecycle. The agents respond to customers’ billing questions, chase overdue invoices, and take action across the financial stack to reduce Days Sales Outstanding (DSO) and improve cash flow. 

Unlike traditional AR tools that rely on one-way, templated payment reminders that customers often ignore. Paraglide’s AI agents manage full two-way conversations with customers, replying and following up on existing threads in a personal and contextual way at scale. 

Paraglide was founded by the former CFO and Head of Engineering of GetAccept (YCW16), which raised more than $30 million across its Series A and B rounds, Rasmus Areskoug, and Andreas Åström. Having experienced the operational burden of accounts receivable firsthand, the founders set out to modernise one of finance’s most persistent pain points. 

Paraglide is already seeing strong early traction among mid-market and enterprise companies, with customers such as Choco, Ardoq, and Spiideo, and partnerships with the revenue automation company Chargebee. Initial customers report a 34 per cent reduction in DSO and achieving financial inbox-zero within the first week of onboarding. 

Rasmus Areskoug, Co-founder and CEO of Paraglide, commented: 

“As a former CFO, I’ve seen finance teams drowning in billing queries and tirelessly chasing invoices with reminders that customers ignore. AI agents have already transformed customer support by automating high-volume, conversational work.

That same shift is now coming to accounts receivable, where agents can handle billing conversations end to end and help businesses get paid on time.” 

According to Alex Ferrara at Bessemer Venture Partners:

"Paraglide's AI agent helps reduce DSOs and frees the finance team up to work on more valuable, higher-level strategic projects." 

According to Thomas Rubens at DN Capital, this is the year of the 'System of Action,' where AI agents move beyond observation to execute complex workflows with high-level context. 

“Paraglide is defining this category by solving a critical organisational pain point, reducing DSO, and we are thrilled to back a team that combines unparalleled experience with technological velocity to fundamentally change how companies unlock cash and drive growth.” 

The funding will support Paraglide’s expansion across Europe as demand for agentic automation in finance operations grows. 

ZOHO.VC, the venture capital arm of ZOLLHOF – Tech Incubator, has completed the first closing of its inaugural fund, securing 70 per cent of its target volume ten months ahead of the final closing. The fund’s limited partners include entrepreneurial families and startup founders.

The fund focuses on pre-seed and seed investments in technology-driven startups and combines capital with technical expertise and access to ZOLLHOF’s network of corporate partners, technology experts, and co-investors. Its investment strategy targets early-stage companies connected to the ZOLLHOF ecosystem, including startups emerging from its incubation programme, designated a “Startup Factory” by the German Federal Government, as well as selected co-investment opportunities.

ZOHO.VC places a particular focus on deeptech companies and university spin-offs across both software and hardware. Alongside the fundraising process, the team has already completed five investments, including Merge Labs.

The fund’s current volume of approximately €7 million represents an initial milestone. In response to ongoing demand and a growing pipeline, partners Benjamin Bauer and Dennis Kirpensteijn, together with Principal Nicolas Sievers, plan to expand the fund beyond its original target in 2026, with the objective of supporting teams addressing significant technological and societal challenges.

Ascension Ventures, a British VC investing at the pre-Seed and Seed levels, has received a new up to €11.5 million (£10 million) commitment, enhancing access to capital for early-stage businesses across diverse sectors and ensuring that founders outside of London and the South East have access to the patient capital required to scale.

The commitment comes from the British Business Bank through its Regional Angles Programme; an initiative launched in 2019 with the objective of addressing regional imbalances in access to early-stage equity finance, targets angel networks and other early-stage investors outside of London.

This follows the close of their 2024 €19.8 million Tech4Good pre-Seed fund, as covered by EU-Startups.

Jean de Fougerolles, Managing Partner at Ascension, says: “We have long believed that talent is distributed across the UK, but opportunity is not. This up to £10 million commitment from the British Business Bank allows us to double down on our mission to back exceptional founders regardless of their postcode.”

2025 and early 2026 show sustained capital formation at the pre-Seed and Seed end of the European market, particularly through new and expanding early-stage funds.

In Germany, Munich-based Vanagon Ventures raised €20 million to focus on pre-Seed DeepTech and AI companies. In the Nordics, Copenhagen-based The Footprint Firm closed its €76 million Footprint Fund I, targeting early-stage climate and DeepTech startups across Northern Europe. The UK also saw continued activity, with Concept Ventures raising €75 million for a dedicated pre-Seed fund, and 2150 closing a significantly larger €210 million second fund, part of which continues to support earlier-stage companies.

Elsewhere, Milan-based Step Venture launched a €30 million early-stage fund, while the Netherlands’ Rubio Impact Ventures closed €70 million for its third impact-focused vehicle.

In aggregate, these announcements represent well over €480 million committed to early-stage and adjacent funds during this period.

Against this backdrop, Ascension Ventures’ commitment from the BBB sits at the smaller end of fund sizes but is more targeted in intent, reinforcing regional access to Seed-stage capital within the UK.

Mark Barry, Senior Investment Director at British Business Bank, adds: “We’re delighted to partner with Ascension, who have an incredible founder friendly reputation. This reputation, coupled with how they have demonstrated their commitment to invest commercially with impact across the UK, makes this an exciting commitment through our Regional Angels Programme.”

Founded in 2015, Ascension is an early-stage VC firm built by exited operators to back the next generation of tech and impact founders. With €115 million+ (£100 million) in assets, Ascension has backed 150+ early-stage companies, with 15 exits.

Today’s strategic partnership will see Ascension deploy the Bank’s capital alongside its existing funds (EIS/SEIS) and its institutional impact fund, Ascension Fund III.

“Crucially, this partnership bolsters our commitment to the regions, allowing us to deploy capital alongside our other funds. It reinforces our strategy to write high-conviction cheques, providing the patient, long-term support that regional founders need to build category-defining companies,” adds Mark.

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Estonian-founded project management platform Scoro has acquired the Estonian AI-driven expense and bill management company Envoice. 

Professional services firms have long managed time and costs in separate, siloed systems.

This fragmentation often forces businesses to rely on month-end reporting to understand their margins.

By combining Scoro’s control over projects, budgets, time, and resources with Envoice’s control over spend, companies can bridge this visibility gap and capture every project cost as work is done, avoiding month-end surprises that impact the bottom line. Visibility and real-time insights are vital in an era of razor-thin margins and heightened competition as AI disrupts the very services these firms sell. 

The acquisition brings together two complementary solutions: Scoro’s comprehensive project management capabilities and Envoice’s world-class AI-powered bill and expense automation.

While Scoro and Envoice will continue to operate as separate products, together they offer professional services firms a significantly more efficient way to manage project-related expenses, with real-time insights into profitability. Integration is already live between the two products.

Receipts get automatically linked to both projects and purchase orders at the point of capture, making project cost reporting faster and more reliable. Further enhancements will be rolled out over the next two months to fully automate data exchange.

Fred Krieger, Founder and CEO of Scoro, said:

"Service businesses live and die by their margins, and yet external expenses are not always accounted for in project tracking because they sit in disconnected systems. E

nvoice has built a truly innovative solution for automating bookkeeping, bill capture and expense approvals. Together, we ensure no cost goes unlogged, fulfilling our vision of an AI-powered future where repetitive manual tasks are outsourced to AI and automation is applied across the full project lifecycle, from planning and delivery to financial control.”

According to Jaanus Põder, Founder and CEO of Envoice: "

Scoro is the perfect match for our next chapter. For our customers and partners, business will continue as usual, but with the backing of Scoro, we can now accelerate our roadmap and bring new capabilities to market much faster."

Following our series of country articles, today we turn our focus north to Finland, exploring the forces shaping its startup ecosystem and the companies driving innovation across deeptech, energy, health, AI, and mobility.

Finland has long been recognised for its strong engineering tradition, world-class education system, and close collaboration between academia, industry, and the public sector. In recent years, the country has reinforced its position as a key innovation hub in Northern Europe, with Helsinki and Espoo at the centre of this momentum. The ecosystem is supported by research-driven universities, active public actors, and a growing pool of international investors, particularly in areas such as clean energy, quantum technologies, autonomous systems, and healthtech.

In this article, we highlight 10 of the most promising Finnish startups, all founded between 2023 and today, that illustrate the breadth and depth of innovation emerging from the country!

Founded in 2024 in Helsinki, Distance Technologies is a deeptech startup developing AI-driven optics and computer vision technology that transforms transparent surfaces into 3D lightfield displays. Its platform enables pixel-level depth control, allowing digital content to appear at any distance and merge seamlessly with the real world, without the need for glasses or headsets.

The technology is designed for demanding defence, aerospace, and automotive environments, where it acts as a visual front-end for sensor fusion by combining inputs such as lidar, radar, and thermal data into a coherent 3D layer. In vehicles, it enables next-generation lightfield head-up displays that improve situational awareness and safety. The company has raised €11.8 million to further develop its platform and expand industrial deployments.

Launched in 2024, Helsinki-based Donut Lab develops a fully integrated electric vehicle technology platform that combines motors, batteries, control hardware, and software into a single system. The company is best known for its all-solid-state battery technology, designed for real-world deployment, offering high energy density, fast charging, long cycle life, and lower cost compared to traditional lithium-ion solutions.

As part of its unified EV platform, Donut Lab also develops in-wheel electric motors that enable simpler vehicle architectures and higher torque with reduced weight. Its technologies are already in production use across multiple programmes, including electric motorcycles, lightweight EV platforms, and industrial applications such as robotic load control systems. The company has raised €40 million to scale its platform and support partners building next-generation electric mobility solutions.

Founded in 2023 and based in Espoo, Gosta Labs is a healthtech startup building a trusted AI operating system designed to support healthcare professionals in their day-to-day clinical work. Its platform reduces administrative burden by automating tasks such as clinical note generation, structuring patient data, and surfacing relevant insights in real time, allowing clinicians to focus more on patient care.

The system is already used across tens of thousands of clinical appointments and is designed for real-world clinical environments, combining medical expertise with AI developed on secure European infrastructure. Founded by former Kaiku Health entrepreneurs, the company has raised €8.7 million to further develop its AI models, expand deployments across public and private healthcare providers, and support regulatory-compliant scaling across Europe.

Founded in 2024 in Helsinki, NestAI is building autonomous systems and command capabilities for real-world, mission-critical environments. The company operates at the intersection of software, hardware, and AI, developing technologies designed for situations where reliability, safety, and accountability are essential.

With close to 100 engineers and scientists, NestAI focuses on open and interoperable architectures that allow critical systems to evolve without vendor lock-in. Its platforms support autonomous operations across sectors such as defence, infrastructure, and security, combining sensing, autonomy, and command capabilities into deployable systems. To date, they have raised €100 million to scale their technology and expand real-world deployments across Europe.

Founded in 2023 in Helsinki, Perfat Technologies is a food deeptech company developing lipid-based technology that enables healthy liquid vegetable oils to behave like semi-solid or solid fats. Using material physics rather than chemical modification, its solution provides the structure and functionality required for food processing while significantly reducing saturated fat content.

The company’s technology is designed to help food producers replace conventional fats such as butter and palm oil with healthier alternatives, without compromising taste or performance across different food applications. Perfat Technologies has raised €3.5 million to scale its lipid platform, support industrial validation, and expand partnerships within the food manufacturing sector.

Founded in Espoo in 2024, QMill is a quantum computing software company developing algorithms designed to deliver practical quantum advantage in the noisy intermediate-scale quantum era. The company focuses on making quantum computing useful before fully fault-tolerant machines arrive, by creating algorithms and software that can run on near-term quantum hardware.

QMill’s first product, an AI-powered quantum circuit compression tool, enables users to compress, run, and compare quantum circuits more efficiently across different platforms. The company develops quantum-advantage algorithms intended for real-world applications and has raised €5 million to advance its software, expand research partnerships, and support early commercial deployments.

Founded in 2023 and headquartered in Espoo, SemiQon develops silicon-based quantum processors designed to support the large-scale deployment of quantum computers. The company focuses on building cryogenic-ready quantum hardware that is more scalable, affordable, and energy-efficient than existing approaches, targeting the future million-qubit era.

SemiQon’s portfolio includes silicon quantum dot devices, cryogenic CMOS technologies, and next-generation quantum integrated circuits designed for both quantum computing and space applications. They have secured €19.4 million in funding to advance their hardware roadmap, support industrial partnerships, and accelerate the development of scalable quantum processing units.

Based in Espoo, Sensible 4 is a deeptech startup developing autonomous driving software designed to operate reliably in harsh weather and challenging environments. Its technology is built to function in conditions such as snow, ice, heavy rain, and low visibility, addressing one of the key limitations of conventional autonomous systems.

The company’s DAWN platform enables Level 4 autonomy for industrial and commercial vehicles across both closed sites and public roads, with applications ranging from industrial trucking to defence mobility and autonomous transport. Founded in 2017, but reorganised in 2025, Sensible 4 combines AI-driven perception, decision-making, and modular retrofit hardware to enable rapid deployment across existing fleets. To date, they have €14.5 million to scale their technology and expand global deployments.

Founded in 2025 in Helsinki, Solid IO is a biotech startup developing patient-specific tumour-on-chip technology designed to improve precision in cancer care. Its platform replicates an individual patient’s tumour microenvironment, generating real-time insights into how cancers respond to immuno-oncology treatments and enabling more informed, data-driven clinical decisions.

By combining bioengineering, AI, and translational oncology expertise, Solid IO aims to reduce trial-and-error in cancer treatment while accelerating drug development and clinical research. The company’s technology is designed to work across multiple cancer types and therapies, supporting both clinicians and pharmaceutical partners. Solid IO has landed €800k to advance its platform and expand collaborations in precision oncology.

Founded in Helsinki in 2023, Steady Energy develops compact nuclear heating plants designed to provide zero-carbon district heating. The company focuses exclusively on heat production, applying simplified and proven light-water nuclear technology to address one of Europe’s most carbon-intensive energy challenges.

At the core of its solution is the LDR-50 nuclear reactor, which operates at significantly lower temperatures and pressures than conventional reactors, enabling safer, more cost-effective deployment close to urban areas. Steady Energy’s approach is designed to complement renewable energy by decoupling heating demand from the electricity grid, particularly during winter months. The company has secured €44 million to advance its pilot plant and move towards commercial deployment later this decade.

By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!

The post Inside Finland’s next wave of innovation: 10 promising startups to keep an eye on this 2026! appeared first on EU-Startups.

SamanTree Medical, a Liège-based startup in surgical imaging innovation, has secured €20 million in financing from the European Investment Bank (EIB) in order to support the development of an advanced confocal microscopy scanner for rapid imaging of the internal microstructure of tissue samples during surgical procedures.

The operation is backed by InvestEU, the EU’s flagship programme to mobilise over €372 billion in additional investment from 2021 to 2027.

“The support of the European Investment Bank represents an important milestone for SamanTree,” says Olivier Delporte, CEO of SamanTree Medical. “This financing allows us to accelerate development of the Histolog Scanner and expand our commercial presence across Europe and the United States. The rigorous due diligence process undertaken by the EIB reflects the importance of our innovative technology, our development plan and our long-term vision for advancing real-time, high-resolution imaging for excised tissue.”

In the broader European MedTech and HealthTech funding landscape of 2025, SamanTree Medical’s financing places it among the larger rounds supporting clinically focused imaging and diagnostic innovation.

Other investments in adjacent areas include PIUR IMAGING, a Vienna-based medical imaging company that raised €5.6 million to scale its tomographic 3D ultrasound technology across Europe and the United States, and Juisci, a Paris-based HealthTech startup that secured €5.5 million in Seed funding to develop an AI platform supporting healthcare professionals’ access to scientific knowledge.

At a broader ecosystem level, M2care in Lyon raised €26 million to expand its HealthTech venture studio model, which includes the creation of new medical and healthcare technology companies.

Together, these rounds represent approximately €37 million invested across imaging-related and adjacent HealthTech segments in 2025, excluding SamanTree Medical’s transaction.

Against this backdrop, SamanTree stands out for both its larger ticket size and its focus on intraoperative, real-time imaging hardware, highlighting continued institutional support for capital-intensive medical device innovation alongside the smaller, predominantly software-oriented funding rounds seen elsewhere in the sector.

“Our investment in SamanTree Medical reflects the EIB’s long-standing commitment to advancing medical innovation across Europe,” said EIB Director Alessandro Izzo. “By supporting med‑tech companies through venture debt, a tool that helps entrepreneurs accelerate growth and bring cutting-edge technologies to patients sooner, we make sure that key medical tech companies can grow and thrive in Europe.

“Supporting innovators like SamanTree Medical is central to our mission of driving positive impact for patients and healthcare systems.”

Founded in 2014, SamanTree Medical’s mission to improving oncologic surgery through innovative imaging solutions.

The advanced technique of the Histolog Scanner reportedly enables it to capture nearly 30,000 images simultaneously, rather than one at a time, producing high-resolution, histology-like images in approximately one minute without damaging the specimen.

This allows surgeons and pathologists to image tissue within minutes and determine whether abnormal cellular microstructures remain at the surgical site, while patients remain on the operating table.

Used in more than 6,000 patients to date, physicians using the Histolog Scanner have demonstrated compelling results across multiple tissue types. In breast-conserving surgery, the SHIELD study showed that when physicians used the Histolog images for assessment, reoperation rates were allegedly lowered from 30% to 10%, a 67% reduction.

Research has also shown that Histolog is similar when compared to intraoperative frozen-section analysis (the gold standard) for prostatectomies, while offering substantial time savings. Using Histolog for imaging and interpretation takes approximately 5-20 minutes, compared with 45-60 minutes for frozen section analysis.

Using the Histolog images, physicians have also demonstrated a sensitivity ranging from 73% – 91% and a specificity ranging from 91% to 100%, when compared to conventional pathology. Additionally, studies have shown that intraoperative assessment allows surgeons to opt for more nerve-sparing surgeries, significantly reducing erectile dysfunction, a common side effect of a radical prostatectomy.

Furthermore, the financing will support SamanTree Medical’s research, development and innovative activities, including continued development and advancement of its Histolog Scanner.

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Norwich-based Evaro, an NHS-licensed digital healthcare platform serving over 2 million patients, today announced it has closed a €21 million ($25 million) Series A funding round to expand across treatment areas (women’s health, men’s health, and longevity medicine), clinical capabilities such as cutting edge diagnostics and aftercare, and platform development (API-first infrastructure for seamless brand integration).

The round was led by AlbionVC, with participation from Simplyhealth Ventures, Exceptional Ventures, Cornerstone VC, and BBI. The platform already partners with period-tracking app Clue and sexual wellness retailer Lovehoney, embedding prescription services directly into their customer experiences.

This comes two years after their 2024 €1.4 million Seed round, as reported by EU-Startups.

Dr Thuria Wenbar, CEO and co-founder of Evaro, said: “When a third of people are waiting over a week just to see their GP, it’s time to think through alternative solutions that help people get the care they need while supporting NHS capacity. What we’ve built is infrastructure that allows our partners – brands people already trust – to deliver safe and regulated healthcare for common conditions without having to build a thing.

“We’re making healthcare as accessible as online banking, and this funding lets us prove that model works at scale.”

In the 2025–2026 European HealthTech funding landscape, Evaro’s Series A aligns with a steady flow of capital into regulated, platform-driven and clinically focused digital healthcare models.

In Spain, Tucuvi raised €17 million to scale its voice-AI platform for automated patient follow-up within healthcare systems. In the UK, GlycanAge secured €7.4 million to advance glycan-based ageing diagnostics, reflecting adjacent investment into validated diagnostics and longevity medicine — one of Evaro’s stated expansion areas.

Earlier-stage rounds also point to the same structural themes: Norway-based Noteless raised €3.5 million to reduce clinician workload through AI documentation, while Copenhagen’s Teton.ai closed a €17 million Series A to develop predictive intelligence for hospital care. Poland’s Holi added a further €3 million to expand its digital obesity treatment platform.

Taken together, these rounds amount to approximately €48.9 million in disclosed funding and underline a broader trend towards scalable, regulated healthcare infrastructure and digital platforms – providing context for Evaro’s raise as part of a wider European push to relieve pressure on health systems through embedded, technology-enabled care.

“We’ve seen embedded finance transform banking, Evaro is now driving the embedded health revolution,” said Christoph Ruedig, Partner at AlbionVC, who joins Evaro’s board. “Evaro has spent seven years building its infrastructure properly, with deep regulatory credentials. This now allows consumer brands to enter the healthcare space safely, unlocking massive latent demand while relieving pressure on the NHS. We are thrilled to back the team as they define this new category.”

Founded in 2018 by emergency physician Dr Thuria Wenbar and pharmacist researcher Dr Oskar Wenbar, Evaro serves three distinct markets: consumer brands wanting to generate new revenue; healthcare providers expanding digital capacity for common conditions; and employers deploying health benefits.

Evaro enables any brand to offer prescription medication directly to their customers. The company has served over 2 million patients and is one of the few online pharmacy providers to hold Care Quality Commission, General Pharmaceutical Council, and NHS licenses simultaneously.

The funding comes as 20.5 million people experienced month-long waits for a GP appointment in 2024, up 60% in seven years.

Evaro looks to help alleviate the burden on the NHS by providing complete regulated healthcare infrastructure – asynchronous consultations allowing speed and discretion of care, remote diagnostics, prescribing, dispensing, and aftercare – that can be embedded into any platform people spend time on within days.

For partners, can potentially offer a new revenue stream with minimal implementation burden – integrations can reportedly be completed in as little as 2 weeks – while deepening customer relationships through an expanded health offering.

A 2023 BJGP Open study found well-designed asynchronous consultations can resolve up to 66% of primary care cases without live appointments.

Dr Oskar Wenbar, Chief Medical Officer and co-founder, adds: “Patients now expect the same convenience from healthcare that they get from banking or shopping – instant, mobile, on their terms. The technology exists to deliver this for minor conditions, but our system is still stuck requiring appointments, phone calls, physical visits – with no capacity for smart aftercare. We want to solve this, and scale the infrastructure that matches how people actually want to access care in 2026.”

The company aims to serve 10 million patients over the next three years while establishing healthcare-as-a-service as a new category in the UK market.

The post With Clue and Lovehoney as partners, Evaro secures €21 million to expand NHS-licensed embedded health services appeared first on EU-Startups.

Radiant (formerly Neamine) has been selected to participate in Hexa’s Carbon Zero acceleration programme and has closed a €2 million funding round, with minority participation from the business angel networks Tiresias Angels and Selim Cherif.

Industrial heat accounts for more than 70 per cent of total industrial energy consumption, yet it remains largely dependent on fossil fuels. One of the main reasons is the limited economic competitiveness of low-carbon heat solutions, which often requires industrial operators to balance cost pressures with decarbonisation objectives.

Radiant is addressing this challenge by developing a solar thermal solution tailored to industrial applications. Its system integrates next-generation heliostats, a proprietary receiver, and thermal energy storage to deliver configurations adapted to specific industrial needs.

The technology is capable of supplying heat at temperatures between 200°C and 1,000°C, with thermal power outputs ranging from 2 to 50 megawatts, while maintaining a high degree of operational control.

According to Alexandre Meurisse, CTO of Radiant, the company’s core technology builds on 15 years of research and development conducted at the German Aerospace Center (DLR) and enables the production of hot air at temperatures exceeding 1,000°C, above current industry standards.

Thomas Delhon, CEO of Radiant, added that the solution offers heat-intensive industries a practical way to reduce emissions while maintaining stable energy costs.

In practice, Radiant’s technology replaces fossil-fuel-based equipment such as gas burners and oil-fired boilers with a solar-based heat source adapted to industrial processes. Companies in sectors such as asphalt, glass, and cement have expressed interest in applying the solution to equipment, including kilns and dryers.

The new funding will support the construction of Radiant’s first industrial demonstrator in Le Mans, intended to validate the scalability of the technology and the company’s ability to deploy the solution efficiently at industrial sites. Participation in Hexa’s Carbon Zero programme will also provide Radiant with additional support as it continues to develop its industrial solar thermal solution.

Over time, the company plans to expand its activities internationally and scale the deployment of its technology to support the broader decarbonisation of industrial heat production.

Stockholm-based Brickanta, an agentic AI platform for the construction industry, has closed an $8 million seed funding round led by Northzone. The round includes participation from global sports figures, founders of Lovable and Tandem Health, angel investors affiliated with OpenAI, Google, and Meta, as well as continued backing from Y Combinator and SSE Business Lab.

Brickanta is developing an AI-native operating system for construction, initially focused on pre-construction workflows such as bid analysis, cost estimation, and procurement, processes that play a central role in project outcomes. The platform combines AI with industry-specific data, standards, and documentation to help construction teams identify gaps, assess risk, and prepare procurement materials more efficiently than traditional tools.

The company has onboarded hundreds of users and introduced its platform to construction teams across eleven countries on four continents. Customers connect their internal data to generate AI-driven analyses, with users reporting that early identification or accurate pricing of change orders can significantly influence project viability. Procurement teams are also able to generate category-specific RFP packages in minutes rather than days.

Lucas Otterling, co-founder and CEO of Brickanta, noted that while the construction sector is often perceived as slow to adopt new technology, the company has seen strong engagement from a new generation of builders seeking AI tools designed around real-world construction workflows.

Commenting on the investment, Pär-Jörgen Pärson, Partner at Northzone, said that productivity growth in the construction industry has lagged for decades and that AI has the potential to help manage the complexity of planning and execution, which often involves large volumes of critical documentation.

Looking ahead, Brickanta plans to expand across Europe, leveraging shared building standards such as the Eurocodes. The company also intends to continue growing its engineering, product, and delivery teams, while maintaining close ties to Silicon Valley through Y Combinator, US-based angel investors, and partnerships with large language model developers.

Raylo, a London-based subscription infrastructure for leading electronics brands, today announces a new partnership with LG, alongside a €34.5 million (£30 million) fundraise, to accelerate its expansion across device categories and international markets.

Combining €11.5 million (£10 million) in equity led by Citibank and an additional €23 million (£20 million) in debt from existing investor NatWest, this financing boost will support continued UK growth and a planned US launch in H2 2026.

The partnership enables UK customers to access LG’s TV and audio products on a subscription, offering lower monthly prices and the flexibility to upgrade as new technology comes to market.

“Electronics brands are increasingly moving beyond one-time sales and toward subscription-first models,” says Karl Gilbert, CEO and co-founder of Raylo. “Our partnership with LG marks a key step in that transition, delivering clear value for both electronics brands and customers whilst expanding our category offering with a true global leader. It’s been great working with the LG team to bring this to market, and we’re excited about scaling the partnership together.”

2025 and early 2026 shows a steady but uneven flow of capital into subscription-based and circular access models, providing context for Raylo’s raise.

In November 2025, Warsaw-based Juo secured €4 million in Seed funding to develop infrastructure that enables businesses to launch and manage physical-product subscriptions. In the UK, GIN e-bikes raised €215k in debt funding to expand its PLUTO e-bike subscription fleet in London, representing a much smaller, asset-backed approach focused on mobility subscriptions.

Adjacent to device subscriptions, Lisbon-based Bling Energy raised €15 million to scale its solar-as-a-service subscription model, showing how recurring-revenue structures are also attracting capital in the energy sector.

Taken together, these EU-Startups-reported rounds amount to nearly €20 million, not considering Raylo’s recent fundraise.

This positions Raylo at the upper end of recent European subscription-related financings, particularly within electronics and infrastructure, and underlines how later-stage capital is concentrating around platforms that enable established brands to shift from one-off sales to recurring, circular access models.

“As we prepare for global expansion, this momentum reflects strong confidence from leading brands and investors in our ability to scale Raylo’s subscription model across categories and markets,” Karl adds.

Founded in 2019, Raylo is a subscription infrastructure for the leading electronics brands, powering the circular economy by making devices more accessible, affordable, and flexible for consumers and businesses.

Raylo enables electronics brands to shift from single-use to circular, profitable, and customer-centric business models. It has developed an end-to-end subscription platform that spans credit and fraud risk technology, lifecycle orchestration, and a robust financing engine and capital stack, to enable the future of device access.

The company has secured over €207 million (£180 million) in total funding to date, with backing from Macquarie, Channel 4 Ventures, Citi and NatWest. Brand partners include Apple, PlayStation, Dyson, LG and more.

“We know people want greater choice in how they enjoy the latest technology. By partnering with Raylo, we’re able to offer a subscription experience that meets the expectations of today’s customers. We’re excited to bring LG Flex to market, offering more flexible and affordable access to LG’s latest tech,” says Christina Sangmi Lee, Head of LG.com.

Raylo has previously raised significant capital to scale its subscription model, including a €7.5 million funding round in 2022 and a €124 million debt facility in 2023, reflecting continued investor support as the company expanded its electronics subscription platform.

The post Electronics brands including Apple and PlayStation turn to subscriptions as Raylo secures €34.5 million appeared first on EU-Startups.