Hey โ welcome to the fourth edition of VC Angle. As always, we're keeping tabs on what actually matters across ๐ช๐บ European tech. If something broke this week and it's worth your time, it's probably below. Scroll on for the deals, roles, reads, and events you'll want on your radar.
Quick Takeaways
Munich unicorn factory expands
Paris overtakes London as Europe's top tech hub
Multiverse Computing raises $215M
Nvidia's European AI tour promoted "sovereign AI" infrastructure
H Company appoints ex-Palantir CEO
Over โฌ1bn in new funding
๐ฐ General
Munich unicorn factory expands but skips London
CDTM, the Munich program behind nine unicorns including Trade Republic and Monzo, is expanding to new European markets after launching in Valencia in 2023.
Germany's Ruhr region targets deeptech leadership
The BRYCK Startup Alliance announced its advisory board featuring investors from Headline, Project A, and High-Tech Grรผnderfonds to establish a leading European deeptech center.
Paris overtakes London as Europe's top tech hub
The Global Tech Ecosystem Index ranked Paris 4th globally and London 6th, with Cambridge showing the highest tech talent concentration in Europe at โฌ162B enterprise value.
Nvidia's sovereign AI pitch gains EU traction
CEO Jensen Huang toured London, Paris, and Berlin promoting "sovereign AI" infrastructure, with UK announcing ยฃ1.35B in AI funding and France calling it "our fight for sovereignty."
EIT Digital opens 2025 venture program
The fully online incubation program offers โฌ5,000 Growth Package Prizes and up to โฌ15,000 additional support for early-stage tech founders across EU27 countries.
H Company appoints former Palantir CEO as new chief
French AI startup H Company named Gautier Cloix, former CEO France at Palantir, as CEO to scale commercial operations with major enterprise customers across Europe.
Spawn.co CEO makes a controversial prediction. Does he have a point though?
Jacob argues the $100M IDE business built a perfect sail for a race that's about to end when AI writes entire codebases.
Have they optimized for a development cycle that AI will eliminate?
Counterarguments say Cursor is perfectly positioned to provide the best interface and testing environments when the moment comes, & more.
See @jsnnsaโs post and discussion here.
๐ถ Fundraising and M&A News
Main Fundraising Picks
๐ช๐ธ Multiverse Computing raises $215M
Series B Spanish quantum-inspired AI startup reduces LLM size by up to 95% without performance loss.
๐ฉ๐ช Proxima Fusion raises โฌ130M for Europe's largest private fusion investment
Munich-based stellarator company spun out of Max Planck Institute targets first commercial fusion power plant.
๐ซ๐ท Wandercraft brings in $75M for AI-powered robotics acceleration
French exoskeleton company used in 100+ rehabilitation centers secures Renault partnership for humanoid robot production.
๐ฉ๐ช Payrails raises $32M Series A to boost payment performance
Berlin payment operating system processes over 1 million daily operations across 30 markets.
๐ฉ๐ช Knowunity raises โฌ27M to bring AI tutor to students globally
Berlin edtech platform founded by 17-year-olds now serves 20 million users across 15 countries.
๐ณ๐ฑ Tebi raises โฌ30M for hospitality financial operating system
Amsterdam startup secured funding led by Alphabet's CapitalG for hospitality financial OS.
Notice how every other startup now needs 'AI-powered' in the pitch deck?
Other Fundraising News
๐ฌ๐ง Maze raises $25M Series A
๐ฌ๐ง Noah raises $22M Seed funding
๐ฌ๐ง OneBalance raises $20M Series A
๐ณ๐ฑ Altura raises โฌ8M Series A
๐ฌ๐ง Stotles raises ยฃ9.6M Series A
๐ฌ๐ง OpenTrade raises $7M funding
๐ซ๐ท Elkedonia raises โฌ11M Seed funding
๐ช๐ธ SpliceBio raises $135M Series B
๐ฌ๐ง Definely raises ยฃ30M funding
๐ซ๐ท Kumulus Water raises $3.5M Seed
๐ช๐ธ Nova Talent raises โฌ3.2M funding
๐ฌ๐ง Perci Health raises ยฃ3M funding
๐ฌ๐ง Impact Recycling raises ยฃ3.3M follow-on
๐ซ๐ฎ FinanceKey raises โฌ3M funding
๐ฉ๐ช Omnisent raises โฌ2.5M Pre-Seed
๐ฌ๐ง SushiDog raises ยฃ1.3M funding
Funds Raising Funds + M&A
๐ซ๐ท Swen Capital Partners raises โฌ160M first close
Paris-based ocean sustainability investment firm closes first round of its SWEN Blue Ocean 2 fund.๐ซ๐ท Yaday launches โฌ100M fund targeting B2B AI scaleups
Family office founded by Romain Afflelou targets early-growth startups across Europe, US, and Middle East.๐บ๐ธ Constant Contact acquires ๐ฌ๐ท Moosend
Waltham-based digital marketing platform acquired Athens email marketing company from Sitecore.
๐ What Weโre Reading
Europe's fragmentation threatens scaling ambitions
With no European-listed company reaching โฌ100B market cap in 50+ years, regulatory burdens impede growth.How VCs actually make investment decisions
Study of 885 VCs finds 95% prioritize founding team over market size, technology, or timing.The death of SEO and rise of Generative Engine Optimization
Traditional search rankings give way to optimizing for AI model citations and reference rates.Why ugly pitch decks beat beautiful ones
Simple decks force clarity while fancy presentations hide weak ideas behind visual polish.Y Combinator goes all-in on AI agents
Nearly 50% of Spring 2025 batch are AI agent companies, up from 36% in Winter batch.Secrets of Sand Hill Road by Scott Kupor
A classic. A cool message of the day: Invest in good ideas that look like bad ideas.
๐ผ Open Roles
Founders Factory โ VC Investor PreSeed & Seed in London. Apply here.
Hummingbird Ventures โ Community Lead in Remote. Apply here.
Reimann Investors โ VC Internship in Munich. Apply here.
identity.vc โ Visiting Analyst VC in Berlin. Apply here.
VR Equitypartner GmbH โ Investment Associate in Frankfurt. Apply here.
Lead Ventures โ Associate in Budapest. Apply here.
CVX Ventures โ Venture Associate in Copenhagen. Apply here.
Dreamcraft Ventures โ Investment Analyst (Student) in Copenhagen. Apply here.
๐ Upcoming Events
๐ฑ๐บ Nexus Luxembourg โ June 17 & 18. See more.
๐ฉ๐ฐ AgentCon Copenhagen โ June 19. See more.
๐ณ๐ฑ TNW Conference โ June 19 & 20. See more.
๐ฑ๐บ VoxxedDays Luxembourg โ June 19 & 20. See more.
๐ฉ๐ช 19th Silicon Saxony Day Dresden โ June 17. See more.
๐ณ๐ฑ devopsday in Amsterdam Copenhagen โ June 18 to 20. See more.
๐ฌ๐ง AI World Congress London โ June 18 & 19. See more.
๐ฉ๐ช IT Security Summit Berlin โ June 16 to 19. See more.
๐ Thatโs a wrap for this week.
If youโve got a round, role, or resource others should see, reply to this or ping us at hello@patrons.vc or send me a message on LinkedIn.
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