In the world of technology, every day, we come across multiple news stories that hit the headlines in terms of funding, breakthroughs, or acquisitions.
This week, from May 5th to 9th, has been no exception.
Amid the array of major announcements and cutting-edge innovations, several noteworthy news items might have slipped under your radar.
Here’s a roundup of the news we have missed this week.
OrganOx secures €142M to expand organ preservation technology
London-based OrganOx, an organ medical technology company, announced the completion of its second closing of its private placement with investments from Intuitive Ventures, Terumo Ventures, and Piper Heartland Healthcare LLC. Together with the first closing of its private placement on February 24, 2025, OrganOx raised $160 million in primary and secondary equity financing to accelerate growth opportunities for its metra platform technology in the large and high-growth organ technology global market.(Read more)
LAXEY Secures €130M for Icelandic Salmon farming expansion
LAXEY is a pioneering land-based salmon farming company developing up to 36,000 tonnes (HOG) of annual production in Vestmannaeyjar, Iceland. The company received €130 million through equity and debt financing to expand its land-based salmon farming operations in Vestmannaeyjar. The funding will facilitate the development of facilities aimed at increasing annual production to 10,000 tonnes. (Read more)
Orca AI secures €64M to advance autonomous maritime navigation
Orca AI, a maritime technology firm, has raised $72.5M in a Series B funding round led by Brighton Park Capital, with participation from Ankona Capital and Hyperlink Ventures. The funds will support the expansion of Orca AI’s autonomous navigation platform, which utilises AI and computer vision to enhance ship safety and efficiency. The company has the largest marine visual dataset, created from over 80 million nautical miles. Using advanced AI and computer vision, it offers superior situational awareness for ocean navigation, helping crews identify risks and targets that are not visible to the human eye. (Read more)
HAYA Therapeutics raises €57M in funding
Based out of Lausanne, Switzerland,HAYA Therapeutics is a biotechnology company pioneering precision RNA-guided regulatory genome targeting therapeutics that reprogram disease-driving cell states for rare, common, chronic, and age-related diseases. Recently, the company raised $65M in Series A funding to accelerate the clinical development of HAYA’s lead long non-coding RNA (lncRNA) targeting candidate HTX-001 in heart failure and the continued expansion of its RNA-guided regulatory genome pipeline development engine. (Read more)
Axe raises €1.5M in funding
Based out of Dublin, Axe builds AI agents that work like teammates for logistics operators—logging into systems, making calls, sending emails, and coordinating tasks end-to-end. Recently, the company raised €1.5M in pre-seed funding to bring intelligent automation to the logistics industry through autonomous AI agents. (Read more)
Juice secured €29.5M in funding
London-based fintech lender Juice has secured £25M in funding to support small and medium-sized enterprises (SMEs) across the UK. The raise includes backing from Aern Capital, Falco Capital, and a credit line from Paragon Bank. Founded in 2019, Juice offers flexible, non-dilutive funding to digital-first businesses using real-time data and predictive analytics.
Higgs Centre for Innovation Companies Raise €29.5M
Based out of Edinburgh, The Higgs Centre for Innovation has announced that companies supported through its incubator have collectively secured over £25 million in investment since its launch in 2018. The centre, which focuses on space and data-driven tech, has supported 28 companies, with a 93% survival rate and over 150 jobs created to date. Startups from the centre have generated a combined annual Gross Value Added of £13 million, contributing to Scotland’s tech and innovation ecosystem. Facilities at the centre include labs and testing equipment for space technologies. (Read more)
Recraft Raises €26.6M to expand AI-powered design platform
Recraft, an AI-driven design tool, has raised $30 million in Series B funding led by Accel, with participation from Madrona, Khosla Ventures, and notable angel investors. The funds will support the development of new tools for brand creation and control, enhancing the platform’s capabilities for its user base. Based out of London, Recraft is the first generative AI design tool that lets users create and edit vector art, icons, 3D images and illustrations in a uniform brand style. (Read more)
Breathe Battery Technologies raises €18.3M Series B to expand battery software suite
London-based Breathe Battery Technologies, a battery software supplier, has secured $21 million in a Series B funding round led by Kinnevik Online AB, with continued support from Lowercarbon Capital and Volvo Cars Tech Fund. The investment will facilitate the expansion of Breathe’s physics-based battery software offerings, including the launch of new products such as Breathe Model, Map, and Design, aimed at enhancing battery development processes. (Read more)
Circula Secures €15M to develop AI-driven expense management
Berlin-based fintech Circula has raised €15M in a funding round led by Alstin Capital, with participation from Capnamic Ventures, Wenvest Capital, and CIBC Innovation Banking. The capital will be used to advance its AI-first expense management platform, focusing on intelligent automation and autonomous workflows to improve efficiency in financial operations. Circula is a leading expense management solution for small and medium-sized European businesses. (Read more)
Luzia raises €12M to expand AI Assistant in Latin America
Luzia, a conversational AI platform, has secured $13.5 million in a funding round led by Prosus Ventures, with participation from Khosla Ventures and Monashees. The investment will support the company’s expansion in Latin America, including opening its first office in Brazil and enhancing its AI assistant’s capabilities for Spanish- and Portuguese-speaking users. (Read more)
Dawn Health raises €11.5M to scale digital health platform
Danish digital health company Dawn Health has raised €11.5 million from existing investors, including Chr. Augustinus Fabrikker, EIFO, and Trifork. The funds will support the global rollout of its SaaS platform, which offers AI-driven solutions for patient care in various medical fields. The Dawn Platform and Product Suite empower pharmaceutical companies, patients, and healthcare professionals to enhance patient care and outcomes through advanced AI, data management, and personalization. By improving data collection and analytics, the platform serves as a foundation for therapy companions, disease management programs, and real-world evidence solutions, driving the next generation of digital health. (Read more)
IPercept raises €5M to tackle manufacturing downtime and boost machine efficiency
Stockholm-based industrial tech startup IPercept has secured €5M in funding to scale its predictive maintenance platform for metalworking machinery. The round saw participation from Luminar Ventures, RunwayFBU, Backstage Invest AB, and AI.FUND. The company addresses a critical €1 trillion efficiency gap in manufacturing caused by unexpected downtime, quality issues, and workforce shortages. IPercept’s solution, already deployed by over a dozen top European manufacturers, leverages advanced data analytics to optimize machine performance and reduce unplanned stoppages. (Read more)
Alice secures $4.8M funding
Based out of Copenhagen, Alice is an AI-powered learning and productivity platform that transforms traditional course materials into personalised, interactive study experiences. The Danish company has raised $4.8M (over DKK 30 million) in a round led by Cherry Ventures and Y Combinator, with participation from top-tier angels from the US and Europe and PSV Tech, who led the pre-seed round last year.
Colb raises funding to advance asset tokenisation platform
Geneva-based fintech Colb has secured CHF 6 million in an oversubscribed seed extension round. The funds will support the development of its platform for tokenizing real-world assets, including pre-IPO equity and investment funds, and expanding cross-border payment infrastructure (Read more)
Tended Obtains £2M to enhance wearable safety technology
UK safety tech company Tended has raised £2 million in funding led by Praetura Ventures and Blackfinch Ventures. The investment will be used to expand its team, develop its wearable safety device, and strengthen its intellectual property portfolio, aiming to reduce workplace accidents through advanced technology. The company provides geospatial positioning devices to alert rail workers when they exit designated safe zones, allowing them to maintain a safe distance from onsite hazards, such as open lines and in-use heavy machinery. (Read more)
H&M Group invests in e-commerce platform centra
Fashion retailer H&M Group has taken a minority stake in Centra, a Swedish e-commerce platform specializing in direct-to-consumer and wholesale solutions for fashion brands. The investment will enable Centra to enhance its platform capabilities and support global expansion efforts. (Read more)
Revenant secures €3.3M to advance industrial machinery remanufacturing
Spanish company Revenant Industrial & Ports Machinery has closed a €3.3M capital to bolster its efforts in transforming the industrial and port machinery sector towards a sustainable, efficient, and profitable model. The funding, supported by investors including Orza, Itzarri, Easo Ventures, and Seed Capital Bizkaia, will enable the company to accelerate growth, expand production capacity, and continue its focus on heavy industrial machinery remanufacturing.
CryoCloud has raised €2M
Dutch biotech startup CryoCloud has raised €2 million in seed funding to enhance its cryo-electron microscopy (cryo-EM) software-as-a-service (SaaS) platform.
The platform utilises scalable cloud infrastructure and proprietary machine learning algorithms to help scientists process vast amounts of structural data, thereby streamlining drug development. The funding round was led by Nina Capital, a Barcelona-based healthtech venture capital firm, with additional support from Value Creation Capital, ROM Utrecht, and the Utrecht Health Seed Fund. (Read more)
VUGENE secures €1M to advance multi-omics data analysis
Lithuanian biotech startup VUGENE has raised €1M in a funding round led by Superhero Capital, with contributions from NGL Ventures, Coinvest Capital, and angel investors. The funds will be used to scale its platform that integrates multi-omics data, aiding researchers in identifying therapeutic targets and developing personalized diagnostics.VUGENE unites biology, data science, and computer science experts to enhance health research. Its platform integrates various biological data sources, including transcriptomics and proteomics, attracting a strong user base in both academic and industry settings. (Read more)
Niche Mobility secures €1.6M for E-Bike transmission system
Spanish startup Niche Mobility has closed a €1.6M investment round to finalise development and commence production of its Automatic Digital Transmission System (ADTS) for e-bikes. The funding, supported by Copreci, MONDRAGON Corporation, Clave Capital, and local business angels, will also aid in presenting the product at EUROBIKE 2025. (Read more)
Cavell secures €1.5M to streamline healthcare administration
Belgian startup Cavell has raised €1.5M in pre-seed funding to address administrative inefficiencies in healthcare. The company recently relocated to a new headquarters in Ghent and expanded its team, aiming to develop solutions that reduce paperwork for medical professionals. Cavell was founded about a year ago by Anthony Rathé, Pieter Olivier, and Louis Verdonckt to tackle one of the biggest pain points in healthcare: administrative overload and poor medical data quality. (Read more)
Kalent raises €1M to enhance AI recruitment tools
French startup Kalent has secured €1M in seed funding from Kima Ventures and recruitment-focused angel investors. The funds will support the international expansion of its AI-driven recruitment platform, which sources and engages candidates across multiple channels. (Read more)
3D Spark closes €2M seed round for manufacturing optimisation
German company 3D Spark has completed a €2M seed funding round led by Triplefair, with participation from Fraunhofer Technologie-Transfer Fonds and IFB Innovationsstarter GmbH. The investment will advance its AI-powered platform that aids manufacturers in cost analysis and supplier matching. 3D Spark provides AI-supported software that enables businesses to quickly select the most efficient, cost-effective, and sustainable manufacturing options across multiple technologies. (Read more)
OSCAR secures €6M to expand home services platform
Home services startup OSCAR has raised €6 million in pre-Series A funding, with backing from LINCE CAPITAL, Indico Capital Partners, Failup Ventures, and Boost Capital Partners. The company plans to use the funds to expand its operations across Iberia and the UK. (Read more)
Solena Materials raises $6.7M for sustainable polymer development
Solena Materials is a biomaterials company developing novel protein fibres for high-performance, intrinsically sustainable clothing. The company has secured $6.7 million in funding to develop sustainable polymers using AI-driven design. The investment will aid in scaling its technology for applications in textiles and other industries. (Read more)
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