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Quantum Systems Raises $1.2 Billion, IQM Becomes First European Quantum Company on Major US Stock Exchange and European Startup Funding in June

This week, the European technology landscape has been buzzing with financial activity as we tracked over 55 technology financing agreements amounting to more than 1.6 billion euros. Additionally, there were more than 10 exits, M&A transactions, rumors, and related news across the continent.

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We have also released our monthly report for June, now available FREE to all Tech.eu readers. This report covers the biggest fundraisers, notable deals, and evolving technology trends. Let’s get you up to speed.

💸 Notable and Important Funding Rounds

In Germany, Quantum Systems has made headlines by raising $1.2 billion, achieving a valuation of $8 billion. This substantial funding round highlights the growing interest and investment in innovative technologies within the country.

Meanwhile, Lithuania’s InSoil has secured 120 million euros to provide loans to over 3,500 agricultural SMEs, focusing on regenerative agriculture. This move supports sustainable agricultural practices, crucial for long-term environmental health.

In Spain, Openchip has successfully secured a €115 million SETT investment, aimed at bolstering European semiconductor capabilities. This investment is a testament to Europe’s growing emphasis on enhancing its semiconductor industry.

🫱🏽‍🫲🏻 Remarkable Acquisitions and Mergers

France has witnessed several significant acquisitions, including Saltroad’s acquisition of the Ogma AI platform to advance speech therapy for children. Additionally, DATADOG’s acquisition of ADAPTIVE ML is set to bolster its AI laboratory capabilities.

The Exploration Company has acquired European Astrotech, marking another step in expanding its reach and capabilities in space exploration.

In Switzerland, Ipsen is set to acquire Memo Therapeutics for up to €700 million, further enhancing its portfolio in the biotechnology sector.

Spain’s Openchip, aside from its recent funding round, continues to expand its influence with strategic investments.

🚀 Interesting Moves from Investors

Omnea has launched a new fund in collaboration with Firedrop to support employees transitioning into future founders, fostering innovation and entrepreneurship.

P101 is expanding into seed investing by integrating PranaVentures and launching a €100M fund, aimed at nurturing early-stage startups.

Backer Tapestry VC has raised an $80M fund and opened a new office in London, solidifying its presence in the UK investment scene.

Common Path has been launched to connect low-income graduates with UK startups, providing opportunities and support for new talent entering the tech industry.

🗞️ In Other (Important) News

Wayve has initiated an $85 million takeover bid to retain talent, emphasizing the importance of acquiring skilled professionals in the tech industry.

IQM has become the first European quantum computing company to be listed on a major US exchange, marking a significant milestone in the international expansion of European tech companies.

The month of June 2026 has seen more deals but smaller funding rounds in European startups, indicating a shift towards diversified investments across various sectors.

📡 Recommended Reading and Listening

Semiconductors remain a hot topic, with a list of 10 companies that raised the most in 2025 providing valuable insights.

The dynamics between Qonto and Pennylane illustrate the complex relationship between friends and competitors in the French fintech space.

Robotics faces a data problem, and Macrodata Labs is on a mission to resolve it, highlighting the challenges and innovations in this sector.

Pytorch is positioned as a critical software layer underpinning European AI ambitions, reflecting its importance in the tech ecosystem.

🔭 European Tech Startups to Watch

In France, the university-founded AI startup BidScript has surpassed $1M in total pre-seed funding, showcasing the potential of academic-driven innovations.

Sweden’s BRYM has obtained €650,000 to develop a portable neurofeedback platform, contributing to advancements in mental health technology.

Belgium’s Visiblie has raised €500,000 to enhance AI search visibility, emphasizing the growing need for efficient data retrieval solutions.

In Switzerland, Subatron has secured €162,000 to address one of the biggest communication challenges in underwater technology, highlighting its commitment to innovation in niche markets.

Estonia’s Vegvisir is raising funds to connect allied unmanned systems through a unified command platform, reflecting the strategic importance of integrated technologies in defense and security.

For more detailed insights and trends, visit the full article Here.

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