Growth
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Salience moves optical networking towards production
Oxford-based Salience Labs has raised $125 million to expand production of optical networking chips for AI infrastructure, following a 64-port switching demonstration and ahead of plans for larger devices.
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Qilimanjaro moves quantum chips towards manufacturing
Barcelona’s Qilimanjaro Quantum Tech has secured €19.6 million in the first close of its Series A to expand quantum computing manufacturing and develop new chips, with backing from IndraMind and Spain’s SETT.
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Berkshire extends Bending Spoons’ acquisition capacity
Berkshire Hathaway has agreed to invest another $330 million in Milan-based Bending Spoons, taking its expected ownership to 4% as the listed software group builds financial capacity for further acquisitions.
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Record UK venture fundraising masks capital concentration
UK venture managers raised $6.9bn across 31 funds in Q3 2026, but more than half came from Index Ventures. Investment received by startups was a separate $6.1bn.
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CarbonFarm funds satellite verification for rice methane cuts
French climate technology company CarbonFarm has raised €7m to expand satellite-based monitoring of rice farming, including a €1m investment from Proparco, as demand grows for verifiable agricultural emissions reductions.
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Construction invoices become Reebuild’s automation opportunity
Vienna-based Reebuild has raised €3m to expand software that matches construction invoices against orders and delivery records. The company reports processing more than €530m in invoice value.
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ID Finance secures €545m for Plazo expansion
Barcelona-based ID Finance has secured €545m in debt and equity to expand its Plazo consumer finance platform, including flexible payment services. The company has not disclosed the financing split.
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Epyr raises €15m to expand industrial heat storage
French energy technology company Epyr has raised €15m to expand industrial thermal storage after deploying an operating system at WEPA’s Troyes paper mill, with a larger project planned for Papeco.
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Ubitium funds commercial processor after silicon demonstration
German semiconductor startup Ubitium has raised $14m following successful tests of its first processor, which combines signal processing, AI inference and real-time control on a reconfigurable computing architecture.
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CSG’s satellite investment opens European manufacturing possibilities
Czech-led industrial group CSG has become MDA Space’s largest shareholder with a 9.5% stake, potentially bringing Canadian satellite manufacturing and technology into closer cooperation with European defence industry.
