Tech.eu tracked more than 65 technology funding deals in Europe worth over €2 billion during one week, alongside acquisitions and new investment funds. Leading the round were TEKEVER’s $580 million funding, DTCP’s €455 million defense fund, and a €40 million European initiative to reinvent chip design.
During the week ending September 25, 2026, the European technology sector saw more than 65 funding deals with a combined value exceeding €2 billion, according to the weekly roundup published by Tech.eu, in addition to more than four exits, mergers and acquisitions, and market-related news.
Large funding rounds for startups
Portugal-based TEKEVER stood out with a $580 million Series D funding round, raising its valuation to $6.4 billion. The Netherlands-based Bird also secured $450 million in debt financing, while reducing its workforce from a peak of 1,000 employees to 120 employees.
In the artificial intelligence infrastructure sector, Finland-based Verda raised $189 million to develop a dedicated AI cloud and increase its computing capacity. The list also included smaller fundings for startups such as Palma.ai, which raised $1.8 million, Duqu, which secured €1.5 million, and Gamindo, with €1.4 million in funding, while Reply Next closed a €400,000 pre-seed round.
Defense and strategic technologies
DTCP closed a €455 million defense fund aimed at expanding strategic technology capabilities in Europe. Final Frontier and Myriad also joined forces around a €100 million defense technology fund, while NewSchool VC launched its first €10 million fund to invest in early-stage technology startups.
In a related development, the Estonian Defense Forces signed a three-year partnership with venture capital firm Archangel in the field of defense technologies. These moves demonstrate the growing interest among European investors in defense capabilities and related technologies, but the source provides no details about the beneficiary companies or investment terms.
What is changing in practice?
This report does not represent a single deal, but rather a composite snapshot of the European technology funding market. Its most notable feature is the convergence of three trends: large deals for companies in defense and computing, the growth of specialized investment funds, and continued support for chip and deep-tech initiatives. Among these initiatives was the launch by SPRIND and NADI of a €40 million challenge to reinvent European chip design.
Other acquisitions and initiatives
The news included the acquisition by Germany-based feld.energy of its competitor AckerKapital, the acquisition by Spain-based EYSA of Joinup to strengthen its presence in mobility services, and the acquisition by France-based Mistral AI of Pimento as part of its expansion into business applications.
The report also noted a partnership between Singapore-based NUSX and Munich-based UnternehmerTUM**, as well as data on the best-funded Swiss technology companies during the first half of 2026. Since the original material is a weekly roundup, it does not provide sufficient details to assess the terms of the rounds, the use of funds, or the operational impact of each deal individually.