European startups secured more than €300 million in funding this week. The largest round went to Berlin-based AI startup DeepL, which raised €100 million in a Series C round led by Insight Partners. The company plans to expand its machine translation technology and enter new markets in Asia and the Americas.
French fintech firm Lydia closed a €60 million Series D round. The funding round included participation from Tencent and existing investors like Index Ventures. Lydia will use the capital to launch new payment features and strengthen its presence in Southern Europe.
A London-based cybersecurity startup Quantexa raised €50 million in a Series C round. HSBC and Goldman Sachs co-led the investment. The company specializes in AI-driven data analytics for financial institutions and will expand its team in the U.S. and Europe.
German mobility platform Tier secured €45 million in debt financing. The round was backed by Silicon Valley Bank and Deutsche Bank. Tier will use the funds to scale its e-scooter and bike-sharing operations across Europe and Latin America.
Smaller rounds included Spanish proptech startup Housers, which raised €12 million, and Polish healthtech firm Medicover, which secured €8 million**. Both companies focus on expanding their digital platforms in their respective markets.
Source: eu-startups.com