Mistral raises €3 billion to advance sovereign AI

This week, we tracked more than 70 tech funding deals worth over €3.9 billion and over 5 exits, M&A transactions, rumours, and related news stories across Europe. If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox. ❗ Want to explore the data in more detail? The free, open-access Tech.eu Funding Explorer offers deeper insights into funding rounds, investor activity, company profiles and market trends. Either way, let's get you up to speed. 💸 Notable and big funding rounds 🇫🇷 Mistral secures €3B Series D to push sovereign AI into its next phase 🇩🇪 The Exploration Company raises $450M Series C to scale reusable space transport 🇫🇷  Positive, formerly Sarbacane, completes a €106M refinancing to acquire companies 🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers 🇮🇹  Lexroom makes first acquisitions with Query Juriste and Praven Intelekt deals 🇸🇪 French sustainability Platform Greenly Acquires Swedish Climate Data Startup Normative for 700 Million SEK 🇮🇹 Bending Spoons enters definitive agreement to acquire AI innovation workspace Miro for €1.7 billion 🚀 Interesting moves from investors 💰 Claret Capital Partners exceeds target with €575M growth debt fund for European innovators 💵 Revolut backer Molten Ventures hits £175M first close of growth fund 💸.Clean Growth Fund II hits £81.5M at second close towards £150M target 🌿 EIF backs Nordic Foodtech VC with €30M to scale Europe’s agrifood deeptech 🗞️ In other (important) news 🇬🇧 “We have a chance to build Britain’s first one trillion dollar company,” says executive at top UK chip startup 🇪🇺 100 days to save EU Inc: Europe’s tech leaders warn against watering down landmark reform 🤖 Boss of San Francisco-based AI coding startup mocks “monoculture” Silicon Valley, as opens London office 🔥 August 2026's top 10 European tech deals you need to know about 🇪🇺 Antler research reveals Europe’s unicorn boom is masking an early-stage funding crisis 📡 Recommended reads and listens 🇪🇺 Beyond the robot dogs: European startups worth watching from IFA 2026 🤖 Could US frontier AI labs dominate banking? <!--td {border: 1px solid #cccccc;}br {mso-data-placement:same-cell;} --> 🇪🇺 Tech leaders call for 25% of EU budget to secure Europe’s energy and digital future 🔭 European tech startups to watch  🇮🇹  Bynario raises €2.1M to develop AI-powered platform for software vulnerabilities 🇩🇰 Yngvi Bio received €1.3M from BioInnovation Institute 🇩🇪  sci2sci raises €1.2M to build trusted AI infrastructure for regulated industries 🇬🇧 Anemo Labs lands £700,000 to give AI a sense of smell 🇺🇦 Robutler raises $400K from ZAS Ventures to build the ‘YouTube of software’ 🇪🇸 Green Eagle Solutions lands Copilot Capital backing to take renewable energy ‘autopilot’ global