EU-Startups

Freya Industries, the Swedish company who develops intelligent, affordable sensors for security and defence, has closed an oversubscribed €533k (SEK 6 million) round with the capital going to delivering customer orders, scaling up the team and the European rollout. The round had participation from Foundry Ventures, Longswan Ventures, Propel Capital, Saminvest (via Annexstruktur), Schyssta Änglar, Sting and selected private investors.

Greencovery, a Wageningen-based FoodTech startup that upcycles valuable compounds from industry side streams, has raised €1 million to scale its proprietary cocoa upcycling technology for industrial production. The round includes investment from ROM InWest, existing shareholder Brightlands Venture Partners (BVP), and a private investor. ”We have proven our separation technology across coffee, oil press cakes, and nuts, but cocoa is where we are reaching commercial scale.

I do not believe the neat story of a mass exodus of European startups. The numbers do not support it. Most companies stay where they were founded, and those that change their geography rarely do so in a single decision. The more important question is what happens to the companies that begin to scale. A company does not relocate in a day The European Commission’s Joint Research Centre estimates that 3.3–4.3% of European venture-backed companies relocate fully or partially.

Ferm Labs, a Zug-based ingredient startup specialising in proprietary, high-yield bioprocessing platforms, has secured €3 million to scale its bioprocessing platform across the global clean-label ingredient market.

Chift, a Brussels-based startup that provides a financial connectivity layer for European software, helping software vendors connect their products to the financial tools their users rely on, has raised €10.5 million in a Series A funding round. The round was led by BlackFin Capital Partners, a specialist European FinTech investor managing more than €4 billion in assets. The round also saw participation from existing investors Entourage, Shapers, Seeder Fund, and Wallonie Entreprendre.

EU-Startups has learned that Aeon, a Zurich-based preventive healthcare company innovating AI-powered whole-body health check-ups, has closed its Seed extension and acquired German blood diagnostics platform Aware Health. The extension brings Aeon’s total Seed funding to over €12 million ($14 million), building on the back of its €8.2 million Seed funding raised in June 2025.

Tandem Health, a Stockholm-based HealthTech startup building a complete AI medical assistant for European clinics, has raised €86.49 million ($100 million) in Series B funding, The round was led by the Scaleup Europe Fund, managed by EQT, with support from existing investors Kinnevik, Northzone, Amino Collective, and Visionaries. In June 2025, the company announced a €42.6 million Series A funding round led by Kinnevik.

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Gravity Gardens, a Nijmegen-based AgTech startup developing a chemical-free seed activation technology for European arable and horticultural crops, has secured a €2.6 million Seed round to bring a new kind of seed activation to market: a dry process that improves establishment without adding water, chemicals or coating to the seed. The round combines equity investment with EFRO regional development funding.