Open Cosmos raised €300 million in funding to expand its satellite intelligence and communications businesses, in one of the most prominent funding rounds tracked by Tech.eu’s weekly report on the European tech companies sector.
The funding came during a week that saw more than 70 investment deals in the technology sector, with a combined value exceeding €1.7 billion, alongside more than 10 exits, mergers and acquisitions, and market-related news items.
Notable Funding in the European Market
In addition to Open Cosmos, the report noted that Italian cybersecurity company Exein raised $270 million at a valuation of $1.7 billion, claiming that it had become Europe’s highest-valued cybersecurity startup.
Spanish events platform Fever also raised $250 million in a round led by EQT, while Dutch AI chip company EUCLYD secured more than €200 million in a Series A round and appointed former ASML CEO Peter Wennink as its chairman.
Other Deals and Investments
Mergers and acquisitions included Switzerland’s Endra acquiring Planlabs, Belgium’s LeHibou acquiring Afarax, the Vienna Stock Exchange purchasing a majority stake in North Data, and France’s Fime acquiring Red Alert Labs.
In the investment sector, BioInnovation Institute supported 17 early-stage startups with total funding of €9.5 million. Brighteye Ventures also closed the first round of a $72 million fund to finance the future of learning and work, while Crane Venture Partners raised €419 million to expand its activities across Europe, Asia-Pacific, and the United States.
Why Does This Tracking Matter?
The figures show that European tech funding is not concentrated in a single sector, but extends from space, cybersecurity, and chips to fintech and energy technology. At the same time, the report conveyed a warning that Europe faces an “acute risk of marginalisation” unless it commits to investing billions of dollars in AI funding.
This warning places the large funding rounds in a broader context: the ability to build influential European technology companies depends not only on the number of deals, but also on the availability of the capital needed to scale in strategic sectors such as AI infrastructure, space, and semiconductors.
Additional News from the European Landscape
The tracking included news that Swedish fintech company Trustly intends to cut around 200 jobs, as well as research findings from LF Energy indicating that open-source software could deliver two to five times greater value for energy grids.
The report also noted that Monzo launched a metal credit card that automatically invests cash-back rewards, as well as smaller funding rounds raised by startups including the UK’s OriginalVoices, Spain’s Nearby Computing, Turkey’s Arcustin Games, and the Netherlands’ Custodea.
The source provides no details about the terms of Open Cosmos’s round, the participating investors, or the timetable for using the funds; therefore, the significance of the funding remains limited to what the article announced about the two areas of expansion: satellite intelligence and communications.