Warsaw-based Demoboost, a platform that enables B2B software companies to deliver scalable, data-driven product demos, has raised €2.8 million in funding to support further product development and international expansion. The round was co-led by Digital Ocean Ventures and Rafał Brzoska’s family office RIO, with participation from B-Value. As B2B software sales cycles lengthen and conversion rates decline, companies are looking for ways to improve sales efficiency. Industry benchmarks indicate that only a minority of sales-qualified leads convert, leading to significant time and resources being spent on opportunities that do not generate revenue. A key challenge is the gap between buyer expectations and traditional sales processes. Many buyers seek greater flexibility and responsiveness, yet often encounter structured and rigid sales journeys. This can result in longer sales cycles, lower win rates, and increased pressure on presales teams that spend considerable time preparing repetitive demo materials. Demoboost addresses these challenges by helping B2B software companies standardise and scale their demo processes. Its platform enables sales, presales, and revenue teams to create, personalise, and share product demos that buyers can explore independently at an early stage or use during live sales interactions. These range from guided product tours to more complex, interactive sessions. AI-supported tools allow teams to reuse and adapt demo environments efficiently, reducing manual preparation and turnaround times. In addition to streamlining demo creation, the platform treats demos as a source of behavioural insight. It tracks how stakeholders interact with content, including what is viewed, shared, or revisited, generating data that can inform sales strategy. This approach turns demos into an ongoing source of revenue intelligence, helping teams prioritise opportunities, allocate resources more effectively, and improve conversion performance across the funnel. Demoboost plans to use the new funding to support continued investment in AI-driven demo creation and revenue intelligence capabilities, alongside team expansion across key functions.

London-based Bracket, an FX, treasury, and cash management platform for mid-market businesses, has raised $7 million in seed funding. The round was led by Macquarie Group’s Commodities and Global Markets business and Blackfinch Ventures, with participation from existing investor Failup Ventures. Demand for modern treasury infrastructure has grown among mid-market companies, many of which continue to rely on spreadsheets and manual processes to manage FX exposure, cash visibility, and bank connectivity. These limitations have increased the need for more integrated and automated solutions. Founded in 2024 by FX and treasury industry leaders Alex Charles, Pierre Anderson, and Martin Lee, Bracket was established to address these challenges. The company’s AI-enabled platform centralises bank accounts, automates FX workflows, and provides real-time treasury insights, reducing reliance on manual processes that still dominate many finance teams’ operations. In addition to serving corporate clients directly, Bracket has developed a bank distribution model, licensing its platform to global banks and financial institutions to help them deliver modern treasury tools to their mid-market customers. Commenting on the funding, Pierre Anderson, Co-CEO and Co-founder of Bracket, said that mid-market companies are often expected to meet the same standards as large corporates without access to equivalent tools, leaving many dependent on outdated systems. He explained that Bracket’s platform automates treasury operations using AI and provides finance teams with real-time visibility and control over bank data within a single system. The new investment will support further product development and Bracket’s next phase of growth, including plans to open offices in Europe and Australia and expand its workforce over the coming year.

Paris-based Rivage has closed a €2.6 million pre-seed funding round to support the rollout of its payroll software across accounting firms. The round includes Partech, alongside business angel investors from the technology and accounting sectors, including the founders of Skello, Hexa, Quarksup, and Teledec. More than half of employees in France rely on accounting firms or outsourcing providers for payroll and social security declarations. As a result, payroll software plays a central role in a large market that remains largely dominated by legacy systems, many of which are not fully aligned with the ongoing digital transformation of firms and their small and medium-sized business clients. In response to these challenges, Rivage is developing an open, interoperable payroll software platform designed to increase the productivity of payroll managers and position payroll data as a tool for broader HR advisory services. The solution is already being deployed across eight partner firms. Founded in July 2025 by Ayoub Saidane, Hector Vergeron, Paul Lemoine, and Tancrède d’Hauteville (CEO), Rivage aims to offer a modern, scalable alternative focused on interoperability. The platform is designed to adapt to evolving regulatory requirements at scale while reducing the administrative burden on payroll managers through the automation of complex and time-consuming tasks. In a segment that has seen limited technological innovation, the company positions itself within a market where advances in AI are creating new opportunities to improve efficiency for firms. Commenting on the challenges facing the sector, Tancrède d’Hauteville said: Between the increasing complexity of regulatory frameworks, the accelerating digitalisation of VSBs/SMBs and the suffocating monopoly imposed by legacy solutions, payroll has become a major pain point for firms. From the outset, we built Rivage with our accounting partners, to enable them to break out of this dependence, to gain long-term productivity and to be in line with their customers’ demands. The funding will support two main priorities: continued development of the platform to improve the efficiency and reliability of each stage of the payroll cycle, including HRIS integrations, simplified advanced configuration, and enhanced auditability of payroll and DSN calculations; and the expansion of collective agreement coverage, with plans to broaden the number supported by the platform by the end of the year.

Electric Twin, an AI platform developing synthetic audience models designed to simulate real-world human thinking and behaviour, has raised $14 million in funding. The total includes a $10 million round led by Atomico, with participation from LocalGlobe, Mercuri and Samos Investments, as well as several angel investors, including Marc Andreessen, Cal Henderson, Eric Salama, Tom Shinner and Louis Mosley. The funding follows a previously undisclosed $4 million pre-seed round. Founded by Dr Ben Warner and Alex Cooper, Electric Twin develops tools to help organisations better understand their audiences and inform decision-making. By combining real-world survey data with large language models, social science research and machine learning, the platform creates synthetic audience models designed to estimate how people may respond to messaging, product launches or strategic proposals. This approach is positioned as an alternative to traditional research methods, which can be time-consuming and costly and are often limited by fixed questionnaires and sample sizes. Such constraints can leave decision-makers with incomplete insights. Electric Twin seeks to address these limitations by transforming static research inputs into dynamic digital audience models, enabling faster analysis and broader scenario testing. The platform enables organisations to explore audience perspectives in greater depth and evaluate ideas more efficiently. Commenting on the company’s origins, Alex Cooper, co-founder and CEO, said that their experience leading during a crisis highlighted how often important decisions had to be made with limited information. He explained that Electric Twin was created to equip leaders with tools to better understand their audiences, interact with them in real time and anticipate likely responses or behaviours. The funding will support Electric Twin’s international expansion and continued development of its prediction technology. As the company grows, it plans to enhance its synthetic audience models and expand the range of scenarios organisations can analyse, with the aim of making advanced decision-support tools more widely accessible.

A London-based fintech which helps companies access and manage debt finance has raised $4.3m in a seed funding round. The funding round in Tangible was led by Pale Blue Dot with participation from MMC, Future Positive Capital, Unruly, SDAC, Prototype Capital, and Aperture. It follows a £4m ($5.45m) funding round Tangible carried out last year. Tangible helps tech companies access and manage debt financing. It helps the likes of robotics, climate, mobility and data centre companies or what it calls “hardtech” companies with financing.  Tangible works with a broad range of lenders, from private credit and hedge funds to equipment financiers and traditional banks. It says “hardtech” firms don’t fit into the defined VC playbook, and the companies need well-structured debt alongside equity financing. It says most "hardtech" companies struggle to obtain scalable debt financing until they are deemed mature or “institutional-ready”.  Tangible says its AI-powered platform and finance experts standardise the data, documentation, and ongoing reporting that lenders need.  It says this reduces underwriting time and cost for lenders, and enables founders to run structured facilities without building an in-house structured finance team. Tangible, which employs 13 people, says it will use the funds from the round to expand its team and develop new products. William Godfrey, co-founder & CEO, Tangible, said: "As hardtech companies scale at speed, investors need modern infrastructure to deploy capital just as fast. And legacy processes that are reliant on bespoke documentation and manual coordination no longer cut it. This is the exact problem we’re trying to solve with Tangible - we provide the financial infrastructure that makes hardtech easy to diligence for institutional credit to allow companies to raise asset-backed financing faster, and with less friction.”

Lifeaz, a France-based company focused on improving access to defibrillators for individuals and businesses, has closed a €13 million funding round. The round includes continued participation from existing investor Mutuelles Impact, initiated by La Mutualité Française and managed by XAnge in partnership with Impactivist, as well as new investments from BNP Paribas, GO CAPITAL, and Mirova, an affiliate of Natixis. Founded in 2015, Lifeaz develops defibrillators designed for use in both home and business environments. The devices are designed to be easy to operate and provide step-by-step visual and audio guidance to assist users, including those without prior training. Connected technology enables remote monitoring and maintenance through regular automated self-checks, helping ensure the devices remain operational in emergency situations. In addition to providing equipment, Lifeaz offers training resources through a free mobile application and in-person workshops to support awareness and preparedness for life-saving interventions. Commenting on the funding, Johann Kalchman said the company aims to improve the availability of defibrillators and ensure that individuals feel prepared to respond in emergencies across both private and professional settings. Looking ahead, the company plans to expand its customer base, increase the number of lives saved through its solutions, begin a broader rollout across Europe, and strengthen its organisation by adding new team members to support its next phase of growth.

Nocomed, a Dublin-based sustainability software company, has raised €650,000 in seed funding to support the continued development and expansion of its platform, which focuses on supply chain-related emissions in the healthcare sector. The investment came from independent medtech investor Barry Comerford (Founder of Sauleen Holdings and Cambus Medical), software angel investor Edmund Wilson (Co-Founder of Titian Software), and Enterprise Ireland. Healthcare is responsible for more than 4 per cent of global carbon emissions, exceeding the aviation sector. More than 70 per cent of these emissions occur outside hospital facilities, primarily through purchased goods, manufacturing, and logistics. As health systems across Europe strengthen climate and procurement requirements, suppliers face growing expectations to provide credible, auditable emissions data and demonstrate measurable progress over time. Founded through the Dogpatch Labs Founders Talent programme, Nocomed has built a platform for life sciences and healthcare organisations to measure, report, and reduce emissions, automating data collection and applying region-specific factors aligned with the Greenhouse Gas Protocol. Designed to integrate into the day-to-day operations of healthcare organisations and suppliers, the platform functions as an ongoing system rather than a standalone carbon accounting tool or one-off reporting solution. Customers use it to continuously collect emissions data, maintain auditable baselines, and update reduction plans as suppliers, operations, or energy sources evolve. Rosemary Durcan, CEO and co-founder of Nocomed, said that while healthcare aims to improve human health, the sector’s emissions and pollution are increasingly contributing to related health challenges. We built Nocomed so healthcare and life sciences organisations can clearly see where emissions sit in their supply chains and take practical steps to reduce them, not just produce reports. Many suppliers continue to rely on fragmented spreadsheets or one-off, project-based approaches that can be costly and may not provide full visibility into underlying data or assumptions. Nocomed positions its platform as an in-house alternative designed to retain data ownership, build institutional knowledge over time, and streamline recurring reporting requirements. Co-founder and CTO Dónal Adams said the platform is intended to serve as an ongoing system, enabling customers to build on existing data when tenders, audits, or reporting deadlines arise rather than starting from scratch. The new funding will support further product development and commercial expansion as the company grows customer adoption. Nocomed plans to expand its presence across Ireland, the UK, and wider European markets, while continuing to enhance the platform’s capabilities to support healthcare and life sciences organisations in managing supply chain emissions.

Stockholm-based Lassie, a prevention-focused pet insurer, has raised $75 million in Series C funding to support its expansion across Europe’s pet care and insurance market. The round included participation from Balderton Capital, Felix Capital, Inventure, Passion Capital, and Stena Sessan, backing the company’s approach to insurance built around automation and preventive care. Across Europe, pets are increasingly regarded as members of the family, influencing spending patterns on care, insurance, and well-being. At the same time, rising veterinary costs are placing greater financial pressure on owners and exposing limitations in slower, reactive insurance models. As a result, both the pet insurance and broader pet care markets are expected to continue expanding in the coming years. Founded by Hedda Båverud Olsson, Sophie Wilkinson, and Johan Jönsson, Lassie combines insurance expertise, operational experience, and engineering-driven automation. Its model integrates insurance with preventive care to support long-term animal health. The company delivers localised insurance products through a daily-use app that provides educational content and incentives for preventive care, using AI to streamline processes and improve the customer experience. Within its claims operations, Lassie has increased automation compared to traditional insurers that rely more heavily on manual processes. In Germany, a significant share of claims is processed end-to-end within minutes, with customers uploading a photo of a veterinary bill and receiving prompt reimbursement for straightforward treatments. With the Series C funding, Lassie plans to expand further across Europe’s major pet insurance markets and continue investing in AI-supported claims processing and preventive health capabilities. The company is also developing partnerships designed to connect routine pet care with insurance services. These include a collaboration with Lidl to offer pet insurance through the Lidl Plus rewards programme, and a partnership with Tractive to provide activity-based rewards and discounts through GPS pet tracking.

Reflow has closed a seed funding round of more than $15 million to support ongoing technology development and broaden access to its workflow and AI automation intelligence, alongside the launch of its workforce and workflow intelligence platform for enterprise customers. As organisations adopt AI, many are able to measure outcomes but have limited visibility into the processes that produce them. As operations scale, this can make it more difficult to assess capacity, identify automation opportunities, or evaluate the impact of AI initiatives. Reflow is designed to address this challenge by making operational work observable. The platform provides real-time visibility into how work moves across people, systems, and processes, without relying on time tracking, self-reported data, or complex integrations. By converting operational activity into structured data, it enables organisations to identify workflows suitable for automation and assess the results of those efforts. The platform takes a system-level approach, observing workflows end to end to surface task flows, bottlenecks, and process deviations. This supports more informed decisions around automation and optimisation and is suited to mid-market and enterprise organisations with large operational teams performing high-volume, computer-based work across functions such as customer support, accounting, legal, and compliance. Reflow is built to support understanding of workflows and capacity rather than monitoring individual employees. The platform incorporates privacy-focused design principles and enterprise-grade controls, including configurable metadata collection and flexible visibility settings. Founded by Ugur Kaner, a founder with Turkish roots now based in the United States, Reflow builds on prior experience in developing technology platforms for business users. Commenting on the launch and funding, Kaner said: Reflow gives leaders a clear, shared view of how work actually happens, so automation decisions are grounded in reality, not assumptions. In an AI-driven world, that visibility becomes essential infrastructure. Early users of the platform have reported improved visibility into operational capacity, more efficient resource allocation, and clearer identification of workflows suitable for automation. Looking ahead, the company plans to scale its platform to support a broader set of mid-market and enterprise customers while continuing to invest in product development. Its focus is on expanding workflow and workforce intelligence capabilities that help organisations better understand how work is performed before applying automation or AI, with the goal of establishing the platform as foundational infrastructure for AI-driven enterprise operations.

The boss of one of Europe's most high-profile AI startups today called on European unity in the global AI race, as it committed €1.2 billion to build its first data centres outside of its native France, in Sweden. Arthur Mensch, the CEO and co-founder of French AI startup Mistral, said: “We think it is a bit of a trap to think about AI as something that is owned by states. "This is not a state project. The only way to think about this technology is at a community level. "In the US, it is a big market. Their strength is they can scale quickly. If you want to compete, and we need to compete because it is too important a technology to give up on, we need to think of Europe as a unified market. “We need to come together and think of Europe as a single market, with enterprises buying European technology, with states buying European technologies.” Speaking at the Techarena tech conference in Sweden, Mensch pointed to Mistral's work with German firms and new European office openings as indicators of its commitment to Europe, but said Mistral was "really a global company”. At the World Economic Forum in Davos earlier this year, Mensch said Paris-headquartered Mistral, which is seen as a competitor to the bigger US LLM firms, should top €1 billion in revenue this year. Mensch today said Mistral had experienced 20 times growth over the past year, helped by increased enterprise demand. The French AI startup, valued at around €11.7bn, also announced that it was building new AI data centres in Sweden, working with Swedish data centre provider EcoDataCenter, which will design, build and run the infrastructure, on a 23 MW power facility, "which is quite significant and can actually serve a lot of enterprises". The data centre is part of a €1.2bn AI infrastructure investment Mistral is making in Sweden. On why Sweden, Mensch said: “Because it has access to clean energy, so low-carbon energy. We work with a lot of European enterprises and sustainability is a big concern for us.” Also speaking at the event, Sweden's deputy prime minister and business minister Ebba Busch said Europe's edge in the global AI race against the US was its "political stability", pointing out that stable markets helped bring in investment. In an apparent criticism of Donald Trump, she said: “One of the main things we have is political stability. The Swedish position on AI is not going to change tomorrow in a new tweet. It is what it is." Busch said the key to European success in the global AI race would not be which country built the biggest AI models but “who builds the most trusted system”. Meanwhile, Lovable co-founder Fabian Hedin responded to a question about whether there was a current AI bubble by pointing out Lovable was getting more usage from the apps built on top of Lovable, than Lovable itself. He said: “This demonstrates that what is being created, there is value in it. I think that is hard to debate."

When Russia’s invasion overwhelmed Ukraine’s mental-health system, clinicians faced a surge of trauma patients with no increase in staff or therapy time. That constraint — rising need without added capacity — is also familiar in the US, where provider shortages, long waitlists, and brief appointments are common. But now, a Ukrainian startup, Luminify, has found a way forward. I met with co-founder Viktor Samoilenko at TechChill Kyiv to learn all about it.  Extending therapists, not replacing them Instead of trying to automate therapy, Ukrainian founders Viktor Samoilenko and  Max Goncharuk built a clinician-guided immersive VR system designed to help patients regulate faster, allowing therapists to use limited session time more effectively. The goal was not to replace clinicians, but to extend their reach under extreme system strain. Developed by health-tech company Aspichi, Luminify translates evidence-based approaches such as cognitive behavioural therapy, mindfulness, and trauma therapy into guided mixed-reality experiences delivered through headsets. Patients engage in structured therapeutic environments while clinicians retain oversight, using the system to monitor progress and shape treatment. AI tools personalise exercises and generate outcome data, helping practitioners adapt care to individual needs. The platform is designed for clinics, rehabilitation centres, and workplace wellness programs that aim to scale mental health support without sacrificing quality. In essence, Aspichi positions Luminify as a bridge between clinical psychology and immersive technology — turning therapy into repeatable, measurable digital interventions that can reach more people than traditional one-to-one care alone. From automotive AR to emotional VR Samoilenko’s background spans IoT and automotive technology, and the origins of his current work trace back more than a decade. He previously co-founded Apostera, a developer of mixed-reality navigation solutions for the automotive industry. Apostera’s technology — which projects navigation directly onto a vehicle’s windshield — was later acquired by Harman International, a subsidiary of Samsung Electronics. After the exit, Samoilenko began reflecting on how access to experience shapes people. “I was travelling a lot and realised how much money is spent on travel, and how many people simply don’t have that ability,” he said. “That limits their experience. Experience is what makes us more advanced as people — more empathetic, more flexible, more understanding of diversity.” Together with a partner, he began exploring the idea of an audiovisual “teleportation” platform. Drawing on his venture background and familiarity with 360° cameras and VR headsets, the concept was to let one person stream their surroundings while another experienced it immersively in virtual reality. “The idea was that someone could appear in another place for the first time,” he explained. “We wanted to build a platform that could share experience and knowledge at a fraction of the cost of travel.” The company was registered in the United States, with an office opened in Ukraine shortly after. “Five days later, Russia’s full-scale invasion of Ukraine began,” he said. “It was a moment where we were reconsidering everything — our lives, our place in the world, our place in the country. We decided to use the initial idea to build something impactful for Ukraine.” Building a psychologically safe space in virtual reality In the early days, the team saw friends go out to battle in jeans, armed with guns. According to Samoilenko, they were coming back psychologically broken and traumatised.  “We realised we could provide an ability for them to move from a stressful environment into a safe place where they could feel peaceful and comfortable. It’s a kind of teleportation, but emotional. As we delved deeper into psychology, we realised that VR is a powerful tool for influencing emotional states. It also solves the stigma problem — it’s much easier to put on a headset than to open up immediately to a therapist.” Four years in fight-or-flight When asked whether mental-health awareness is growing locally, Samoilenko says the shift has been driven more by necessity than by campaigns. “We’re trying to build it. After four years, it has become a real topic because everyone in Ukraine feels it,” he explained. While awareness may not yet match countries with large-scale public health initiatives, he notes that more people are independently seeking support. The prolonged strain of war has reshaped the population’s psychological baseline. “For four years, we’ve been in fight-or-flight mode. Now there’s no energy left to sustain that. You want to run, but you don’t have the energy,” he said. Aspichi’s work focuses on restoring that depleted capacity. "We help people restore energy and self-awareness through mindfulness and psychological techniques — basically helping them take care of themselves again.” That said, Samoilenko stresses that trauma is delicate work: ”It cannot be optimised. We don’t replace professionals. We augment their work by helping people relax and become ready to approach trauma. We prepare them. The actual trauma processing is left to specialists.” Turning trauma response into valuable data Image: Luminify VR headsets. Photo: Oksana Lahzdukalns. However, what began as an emergency intervention quickly became measurable science. In Ukraine, Luminify has already been used by more than 1 million people across rehabilitation settings, effectively serving as a large-scale test of a clinician-extension model in crisis conditions. In a controlled study at a Veterans’ Mental Health & Rehabilitation Centre in Kyiv, the VR-supported group showed measurable reductions in anxiety and depression compared with standard rehabilitation alone.  Aspichi published its first clinical research on Luminify in the European Psychiatry and Psychology Journal.  “On average, we saw a 20–30 per cent reduction in depression and anxiety symptoms and about a 40 per cent increase in overall wellbeing,” shared Samoilenko. The ethics of learning from trauma Samoilenko acknowledges the ethical tension of working at such a scale in a country shaped by trauma. Ukraine’s crisis, he says, is devastating — but it also creates conditions for unprecedented research. “Unfortunately, Ukraine has many traumatised people, but it gives an opportunity to make a global breakthrough in psychology,” he said. Demand from practitioners reflects that urgency. “In Ukraine, there’s basically a queue,” Samoilenko explained. Luminify currently supports around 150 rehabilitation centres and has already delivered therapy to more than one million people, with capacity projected to reach two to three million annually. The resulting dataset is drawing international attention.   “Scientists worldwide are very open to collaboration because the scale of data is unprecedented,” he said.  Typical psychological studies involve hundreds of participants; Luminify is operating at a national scale.   “That’s three or four orders of magnitude more. We’re already validating in multiple countries and working with universities.” Crossing into mainstream care The system is now being tested beyond trauma recovery, including post-acute rehab through a partnership with Rocky Mountain Care. It already has customers in assisted living, nursing homes, and acute care facilities. In the US, in assisted living, there is almost no competition.  “The niche is conservative and not open to innovation. We compete with mindset, not technology,” shared Samoilenko. Facilities can be reimbursed by insurance, so there are no objective financial barriers. However, the challenge is staff exhaustion. Medical and social workers worldwide are burned out. “Ironically, they could benefit from the technology themselves,” admits Samoilenko. “We’re seeing improvements even in dementia and Alzheimer’s cases, including some very bright recoveries.” The program recommends at least ten consecutive days of daily therapy practice. It’s a structured program rather than weekly sessions. Progress is measured using professional clinical questionnaires. Aspichi received a large donation of headsets from a manufacturer, allowing the company to provide up to 20,000 sessions per day. The headsets have built-in cameras for eye, head, and body tracking. That allows the team to capture behavioural changes similar to those therapists observe in person. “It's a trend to use biometric data, but what we're doing is capturing behavioural data. Biometric data can't tell a lot about psychoemotional state, but behavioural data can. Amazing results can be achieved when both approaches are used,” shared Samoilenko. From here on in, objective diagnostics is the priority. The company is scaling in the US, using generative AI to deliver therapy in multiple languages, building personalised programs, and doing deeper research into the human brain. Luminify’s journey so far shows how care delivery changes when time and staff are the binding constraints, and why models forged under wartime healthcare pressure may be relevant to the US system now and beyond. WhileUkraine has become an unwilling laboratory for psychological resilience, Luminify is trying to ensure that what’s learned there reshapes care far beyond its borders.

London-based Overmind, which is developing a supervision layer for AI agents, has closed a £2 million seed funding round. The round was led by specialist cybersecurity investor Osney Capital, with participation from 14Peaks, Portfolio Ventures, Antler, and Endurance Ventures. As agentic AI systems advance, security requirements are becoming more complex and are increasingly difficult to address with existing tools. These systems can be exposed to adversarial inputs and data integrity issues, particularly when operating autonomously in production environments. As a result, risk management has become a limiting factor for deployment. Overmind develops technology designed to support the secure deployment of agentic AI. Its platform provides visibility into agent behaviour, enabling monitoring and intervention when deviations occur during live operation. The system also applies reinforcement learning techniques to improve agent performance and reliability over time. Overmind was founded by a team with backgrounds across intelligence and technology, including Tyler Edwards (CEO), Akhat Rakishev (CTO), and Sam Brunt (CRO). According to Edwards, the company’s focus is on addressing risks that arise when AI agents operate in live environments, where behaviour can change over time and direct oversight is limited. The company plans to use the funding to expand its technical teams, continue product development, and scale go-to-market efforts in regulated industries such as legal, healthcare, and fintech, where agentic AI deployment requires strong compliance and data protection controls.

Berlin-based Andercore, an AI-enabled industrial supply trade platform, has raised $40 million in a Series B round comprising equity and debt to support its expansion in Europe. The round includes participation from existing investors Atomico and Project A, with Inven Capital joining as a new investor, alongside institutional financing from Commerzbank and KfW. The company has raised a total of $75 million to date. Andercore operates in global wholesale trade, which supports industrial supply chains across multiple sectors. Despite its size, the market is characterized by manual processes, fragmented workflows, relatively high transaction costs, and limited direct access for international suppliers. The company initially focused on industrial categories such as infrastructure, energy, and building materials. These categories serve as an entry point for a platform intended to expand across a broader range of industrial supply segments. Over the past five years, Andercore has developed an asset-light, cross-border trading model supported by a proprietary AI platform. The company purchases products from international suppliers and sells them to local buyers on its own account. Its technology supports pricing, quoting, quality assurance, distribution, and embedded financing. The platform currently supports thousands of transactions per month across seven European markets. Philipp Andernach, founder and CEO, said the company’s core focus is using AI to support cross-border trade in physical goods: Our system brings prediction, discipline, and speed to supply chains that still rely on manual work. Buyers get faster quotes, better pricing, and frictionless execution across complex industrial categories. Suppliers gain a partner that drives consistent demand, expands their customer base, pays promptly, and handles operational complexity on their behalf. The new capital will be used to support geographic expansion, broader category coverage, and continued development of the company’s AI platform. Over time, the platform is intended to enable suppliers to sell directly through the system, with the aim of integrating supply, demand, and financing within a single environment. Andercore continues to expand its operations in global industrial trade, with an initial focus on Europe.

London-based Seamflow, an AI-focused software company serving the global testing, inspection, and certification (TIC) industry, has raised $4.5 million in seed funding. The round was co-led by Northzone and Initialized Capital, with participation from Entrepreneur First, Nebular, and angel investors including Charlie Songhurst and Mario Götze. Before products can be commercialised, facilities can operate, or infrastructure can become operational, independent experts are required to conduct audits, review extensive documentation, and issue formal approvals. These processes are managed by TIC organisations across most sectors of the economy and are becoming increasingly complex as regulatory requirements expand. The challenge is particularly acute in the medical device sector. In the European Union, a large number of devices are currently awaiting certification by notified bodies, and approval timelines can extend well beyond a year due to the limited availability of qualified experts and the volume of documentation involved. Seamflow applies AI to certification workflows to help organisations organise documentation, coordinate reviews, and reduce administrative workload, allowing experts to focus on substantive assessments. According to the company, this approach can significantly reduce certification timelines. Konstantin Klingler, CEO and co-founder of Seamflow, said the company aims to support TIC professionals as regulatory complexity and demand increase, while maintaining the trust and rigour required in certification processes. The TIC industry is essential to global safety and innovation, and it relies on highly skilled professionals. Our goal is to support those teams with AI that helps them manage growing complexity and demand, without compromising the trust and rigor the industry is built on. Initially focused on medical devices, Seamflow has expanded to work with organisations across the broader TIC industry, addressing operational challenges such as auditor scheduling, documentation management, and review coordination. The company is working with enterprise clients to deploy its platform across certification workflows at scale. The funding will be used to expand Seamflow’s team, further develop its product, and support additional testing, inspection, and certification organisations globally.

London-based Mozart AI has raised $6 million in an oversubscribed seed funding round led by Balderton Capital. The round included participation from Mercuri, EWOR, Kevin Hartz, Charles Ferguson, and Emery Wells, alongside existing investors and strategic angel backers from the music, AI, and creator technology sectors. The round follows a pre-seed round raised earlier this year, bringing the company’s total funding to more than $7 million. Mozart AI has also launched its mobile application. Mozart AI is developing an AI-native digital audio workstation that combines traditional music production with AI-assisted and prompt-driven workflows. The platform supports both ground-up composition and agent-based music creation, enabling users to work with varying levels of technical involvement. The software includes tools for stem generation, MIDI progressions, drum patterns, synth and effect creation, and sound remixing, while also automating time-intensive production tasks such as quantisation and time stretching. Users can also create accompanying music videos and share content directly on social media platforms. Throughout the creative process, users retain full control over their work and ownership of their copyrights, using AI as a support tool to reduce technical friction. Mozart AI is built on commercially cleared third-party generative models, and the company notes that its model providers are trained on licensed material, allowing music created on the platform to be used for commercial purposes. Commenting on the funding, Sundar Arvind, CEO and co-founder of Mozart AI, said: Mozart AI is building powerful generative tools for the next era of collaborative music creation that will enable every artist – from casual creators to professional producers – to turn any idea into a release-ready song in minutes, with commercial rights.We’re building toward a world where a spark of creativity – a guitar riff, a melody, an idea – can be transformed into a fully produced, monetisable song with a professional music video, without requiring technical knowledge or fragmented tools. Since its beta launch in September, Mozart AI reports strong early adoption, with more than 100,000 users registering within the first two months and over one million songs created on the platform. The funding will be used to grow the team, expand the company’s core technology, and prepare for a full public release.

Berlin-based Circle Health has closed a €9 million seed round of equity and debt financing, led by Atlantic.vc, with participation from CRB Health Tech, Calm/Storm Ventures, and Kfund. The funding comes amid a highly fragmented preventive healthcare landscape in Europe, where care is delivered by a large number of small providers and chronic conditions are often identified only once symptoms appear. Founded by Peter Malmqvist (CEO) and Jannik Tiedemann (COO), Circle Health is developing an integrated preventive care platform, Circle OS, that combines in-person diagnostics, AI-enabled clinical support, and consumer-facing digital health tools. The platform is designed to aggregate data from multiple sources, including wearables and laboratory tests, to support personalised and proactive health programmes across areas such as metabolic health, hormonal balance, fatigue, and gut health. Peter Malmqvist said that healthcare delivery is typically reactive, with patients often accessing care only after illness has developed. We’re building a new model that empowers people to understand, improve, and maintain their health proactively, and are bringing that freedom to patients across Germany. Since opening in 2023, Circle Health’s Berlin clinic has treated several thousand patients across a large number of appointments and reports strong patient satisfaction based on customer feedback. The company’s AI-enabled therapist model is designed to support clinicians with personalised insights and care recommendations, with the aim of improving both patient experience and clinical outcomes. The funding will be used to support ongoing product development and to expand Circle Health’s hybrid clinic model across Germany, with plans to open additional locations in cities including Munich, Hamburg, and Düsseldorf over the next year.

Porters has closed a €2.7 million pre-seed funding round to develop AI-based software for banking operations. The round was led by Earlybird, with participation from Seedcamp and a group of fintech founders and industry professionals. Angel investors include Martin Kassing (Upvest), Alexandre Prot (Qonto), Lukas Zörner (Penta and Integral), and Adrien Treccani (Metaco). Additional participants include Casper Wahler (Hedosophia) and Jonathan Brander (Upvest, FNZ, Schröders), bringing experience in scaling financial services operations. Founded by Konstantin Kotulla, Christopher Barth, and Dr Michael John, Porters is developing software to support banking teams in managing regulated and time-sensitive workflows more efficiently. By combining AI-based technology with a vertical service offering, the platform aims to reduce manual oversight and improve operational productivity without increasing headcount. The platform initially focuses on account seizure and insolvency management, where institutions often face high case volumes and strict compliance requirements. By automating routine tasks, Porters enables teams to process cases more efficiently while maintaining regulatory standards, allowing internal staff to focus on exception handling. Commenting on the round, Konstantin Kotulla, co-founder of Porters, said that many banking operations remain largely manual despite long-running digitalisation efforts. We're solving this by building an AI-native service that doesn't just automate tasks, but truly allows scaling without adding headcount. All while maintaining the resilience and compliance that financial institutions require. This funding accelerates our mission to redefine financial service operations for the AI era. The funding will be used to further develop the product and scale the platform to support additional back-office services for banks and fintechs.

Elaia has announced a first close of its fifth Digital Venture Fund (DV5) at €120 million. The fund will focus on investing in European B2B technology companies with strong intellectual property foundations, spanning both foundational infrastructure and application-level innovation. The first close includes commitments from both returning and new investors. Participants include Bpifrance, investing on behalf of the French state under the France 2030 initiative and through its Spark fund, as well as MACSF, BNP Paribas, SMABTP, Arundo Re, and Groupe AG2R LA MONDIALE. Elaia also highlighted the support of Lazard Frères Gestion in achieving the first close. DV5 builds on Elaia’s long-standing investment approach, which combines early identification of advanced technologies with active support to help companies scale into sustainable, category-leading businesses. The fund is managed by a team with technical expertise and experience in building, scaling, and exiting technology companies, and takes a hands-on role in supporting product-market fit and execution. The fund will invest across early stages, from pre-seed to Series B, with ticket sizes ranging from €1 million to €15 million. DV5 targets B2B technology companies across Europe, with a focus on areas such as artificial intelligence, cybersecurity, techbio, industrial innovation, and core digital infrastructure. Xavier Lazarus, CEO and co-founder of Elaia, said the firm’s full-stack investment model enables it to support companies across all stages of growth: As a full-stack investor with a platform to invest across all stages, we are well-positioned with DV5 to build the next chapter in our mission to supercharge Europe’s most resilient, high-growth companies. Pauline Roux, managing partner at Elaia, added that the firm’s strategy centres on investing in complex, high-impact technologies with the potential to shape entire sectors: Portfolio successes like Mirakl, Shift Technology, Vibe.co, iBanFirst, HarfangLab, Dexory, and SeqOne underscore our ability to identify disruptive potential at an early stage and support its development into market leadership. Founders in our portfolio continue to partner with us as advisors and investors, reflecting the long-term relationships we have built across the European ecosystem. DV5 has already made its first investment in Mimic Robotics, a Zurich-based company working on physical AI. The investment reflects the fund’s focus on backing advanced technologies emerging from key European innovation hubs.

A Hungarian robotics hardware startup says it has raised the "highest-ever" pre-seed funding round in the country’s history.   Allonic has raised $7.2m in pre-seed funding, in a round led by Visionaries Club, with participation from Day One Capital. Other investors include angel investors from Hugging Face and OpenAI. Allonic's play is to speed up how robot bodies are manufactured.   It says the physical construction of robots is outdated, involving putting together robotic hands, arms and manipulators piece by piece, relying on bearings, screws, cables, and delicate joints that are costly to manufacture and tedious to assemble.   Allonic, which is a 15-strong team, is looking to disrupt the industry, taking on the challenge at the manufacturing layer.   Its proprietary production process, known as 3D Tissue Braiding, replaces manual assembly with a fully automated, scalable manufacturing system, it says.   Inspired by how ropes achieve strength through structure rather than rigid parts, Allonic 3D-weaves tailored robotic “tissues” directly over a skeletal core.   Instead of assembling hundreds of individual parts, Allonic’s tendons, joints and load-bearing soft tissues are formed together in one continuous process.    It claims its process results in robotic bodies that are “strong”, “compliant”, and simpler to manufacture.   Since revealing its technology in 2025, Allonic says it has completed its first pilot project in electronics manufacturing,    The Budapest-based startup also says it is seeing strong inbound interest from the humanoid robotics sector and large consumer technology companies, including US big tech players.  Benedek Tasi, co-founder & CEO of Allonic, said: “A lot of attention is on intelligence and software, but hardware still holds many of the hardest problems.   “The trade-offs between durability and softness, dexterity and strength have always been dictated by the limits of manufacturing. "We are removing those constraints and building a platform that allows robotics teams to design, build and iterate freely, without hardware cost or complexity holding them back. “Being able to go from idea to physical robot in minutes instead of weeks fundamentally changes how we can think about robotics design."

Dublin-based MARC, an AI company focused on real estate asset management, has raised a $1 million pre-seed round from 23 angel investors, with no venture capital participation. Backers include Jack Pierse (Wayflyer), Tom Kennedy (Hostelworld), Susan Spence (SoftCo), Eoghan Quigley (the Dublin Chamber of Commerce), and James McGann (Unmind), alongside institutional real estate investors and US-based multifamily operators. Large real estate portfolios often involve thousands of vendor contracts covering services, licences, and certifications. Key information such as renewal dates, escalation clauses, termination rights, and fee structures is frequently scattered across inboxes, shared drives, and legacy systems, making budgeting, audits, asset sales, and invoice reviews slow and error-prone. MARC was founded by Aaron Devitt to address these challenges. After seeing firsthand how fragmented and inefficient contract and expense management practices affected both renters and asset managers, 22-year-old Devitt began building the platform, deferring his studies to focus on developing a solution for managing asset data at scale. MARC addresses this problem through AI-powered contract agents that connect directly to existing document repositories, including email inboxes and SharePoint. The system automatically locates contracts, extracts and structures critical terms, and organises them into a continuously updated source of truth that teams can search and query instantly. According to the company, this approach significantly reduces the time required to process contract data. In addition, MARC compares contract terms with monthly invoices, allowing operators to identify discrepancies and potential overbilling before they affect net operating income. Since launching in 2024, MARC has expanded from working with Irish property managers to serving institutional owners in the United States and Canada. The funding will be used to further develop the product and support expansion into the North American market.