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Home Market Research Startups

In other news this week: Fnality raises €116.2M, WeTravel bags €78.6M, Sunrise secures €24.7M and more

by TheAdviserMagazine
9 months ago
in Startups
Reading Time: 6 mins read
A A
In other news this week: Fnality raises €116.2M, WeTravel bags €78.6M, Sunrise secures €24.7M and more
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Recent days have brought many announcements showing how quickly the startup and corporate worlds are changing.

There have been new funding rounds that support companies, partnerships, and acquisitions that can shift entire industries.

It’s been a busy time, and keeping up with everything can be overwhelming. So, we’ve put together a list of news that we missed this week.

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Fnality raises €116.2M in Series C funding

London-based Fnality, the operator of blockchain-based wholesale payment systems regulated by central banks, has raised $136M (approximately €116.2M) in a Series C round led by WisdomTree, Bank of America, Citi, KBC Group, Temasek, and Tradeweb. Existing investors, including Santander, Goldman Sachs, and UBS, also joined. Fnality aims to provide real-time settlement for tokenised assets, FX, and repo, bridging traditional finance with emerging digital markets. (Read more)

WeTravel raises €78.6M to scale AI-powered travel platform

San Francisco and Amsterdam-based WeTravel, the operating system for multi-day travel businesses, has secured $92M (approximately €78.6M) in a Series C round led by Sapphire Ventures, with participation from Left Lane Capital, Base10, and Cross Creek. The funding triples its valuation and strengthens its role as a category leader for global tour operators. The company plans to expand its AI-driven itinerary builder, grow its B2B partner network, and extend its global offices in Chicago, Amsterdam, Sydney, and Baku. (Read more)

Sunrise secures €24.7M to expand digital sleep clinic

Brussels-based sleep health startup Sunrise has raised $29M (approximately €24.7M) in fresh funding led by Eurazeo, with Seventure Partners, INVESTSUD, Noshaq, and existing backers including Amazon Alexa Fund also participating. The company will use the capital to expand its Dreem Health | Sunrise digital sleep clinic, already available in all 50 U.S. states, and to advance hardware and software for diagnosing and treating sleep disorders. Sunrise also plans to prepare a European rollout. Its chin-sensor home sleep test and digital platform aim to make expert sleep care simpler and more accessible. (Read more)

Emergent bags €19.6M funding

Paris-based Emergent has raised $23M (approximately €19.6M) in a Series A round led by Lightspeed, with support from YC, Together, Prosus, and business angels including Jeff Dean and Balaji Srinivasan. The startup’s platform lets anyone build full-stack applications with autonomous AI agents, removing the need for coding skills or technical co-founders. Since launching, over a million users have created 1.5M apps, from retail pricing tools to custom health trackers. (Read more)

Duel gets €13.6M to expand its Brand Advocacy platform

London-based Duel, a Brand Advocacy platform, has secured $16M (approximately €13.6M) in a Series A round co-led by Molten Ventures and Bright Pixel Capital. The platform helps brands grow by activating fan and creator communities instead of relying on traditional ads. Duel plans to use the funds to expand its AI-driven enterprise tools and grow its U.S. presence after recently opening a New York office. (Read more)

Orbio snaps €6.5M funding

Madrid-based Orbio, an HR tech startup, has raised $7.6M (approximately €6.5M) to speed up the rollout of its AI-native HR system. The round was led by Visionaries Club, with Plus Partners, Enzo Ventures, and 2100 Ventures also joining. Orbio’s platform uses autonomous conversational agents to handle recruitment, onboarding, and employee development around the clock. Since June, it has processed 60,000 interviews for employers, including AT&T and Honest Greens, cutting hiring time by 80 per cent and lowering early turnover by 20 per cent.

revel8 scoops up €7M

Berlin-based cybersecurity startup revel8 has raised €7M to expand its AI-native training platform that prevents enterprises from deepfake-driven and AI-powered attacks. The €5.7M seed round was led by Peak, with Fortino Capital, Merantix Capital, and industry angels joining in. Founded in 2024 by ex-Celonis employees, revel8 mimics real-world scams, like vishing and deepfakes, to train employees dynamically, aiming to transform them into “human firewalls” and cut costly breaches. (Read more)

enaDyne picks up €7M seed round

Leipzig-based cleantech startup enaDyne has secured €7M in seed funding to advance its carbon conversion technology. The round was co-led by Amadeus APEX Technology Fund and Energy Capital Ventures, with Antares Ventures, Possible Ventures, and several business angels also joining. The company plans to use the capital to build its first pilot plant by mid-2026, a key step toward sustainable chemical production. (Read more)

yasp bags €4.2M funding

Munich-based deep tech startup yasp has raised $5M (approximately €4.2M) in seed funding led by Capnamic, with support from Start-up BW Innovation Fonds & MBG BW and angel investors. The company is developing the Agentic AI Compiler, a hardware-agnostic tool designed to speed up AI training and inference by auto-optimising models for target hardware with a single API call. The German company plans to use the funds to expand hardware support, deepen integrations, and prepare for its product launch by the end of 2025. (Read more)

Forgent secures €4.3M

Forgent, a Berlin-based AI startup, has secured €4.3M in pre-seed funding led by Cherry Ventures to modernise how businesses win public sector contracts. Angels from OpenAI, Anthropic, DeepMind, and industry leaders like Charlie Songhurst also joined. Forgent’s AI agents streamline tender discovery, compliance, and bid drafting, compressing weeks of manual work into hours. The platform is already in use by infrastructure and tech firms.

Pillar gets €3.2M for Italy’s construction tech

Milan-based Pillar, a fintech startup digitalising financial management for construction firms, has closed a €3.2M pre-seed round, the largest ever in Italy’s construction tech sector. The round was led by French fund Emblem, joined by Pareto, Plug and Play, Kima Ventures, and Italian backers like B Heroes and Vento. Pillar9’s AI-powered platform gives construction companies real-time visibility on revenues, expenses, and project margins. (Read more)

Sonomind raises €3M funding

Paris-based Sonomind, a medtech startup, has secured €3M to advance its ultrasound-based neuromodulation device for psychiatric and neurological disorders. The round includes €2M in seed funding from Critical Path Ventures and €1M in non-dilutive support from the France 2030 initiative via Bpifrance. The funds will enable Sonomind to launch clinical trials in patients with drug-resistant depression. Its personalised system targets deep brain regions non-invasively, showing early results of a 60 per cent reduction in depression severity in initial feasibility studies.

Clear.bio gets €1.7M injection to expand diabetes programme

Amsterdam-based Clear.bio, a healthtech startup focused on personalised diabetes care, has raised €1.7M from Horizon Flevoland, Future Food Fund, Invest International’s Dutch Trade & Investment Fund, and business angels. The funds will support the national rollout of its digital diabetes program in the Netherlands and efforts to secure reimbursement in France and Germany. Clear.bio’s CE-marked app provides real-time glucose insights paired with nutritional advice, aiming to help millions across Europe better manage type 2 diabetes without relying solely on medication.

NORDA Dynamics raises $1M

Kyiv-based defence-tech startup NORDA Dynamics has secured $1M in funding to expand production and develop next-generation UAV autonomy solutions. The round was led by Sweden’s Varangians, with participation from Angel One, MITS Capital, United Angels Network, and U.S.-based Unpopular VC. Founded in 2024, NORDA builds battle-tested autonomy modules like Underdog and the StableLink stabilisation system, enabling drones to operate without GPS or communications under heavy electronic warfare. (Read more)

bunq rolls out flexible crypto staking across Europe

bunq has become the first in Europe to introduce flexible crypto staking, offering users annual returns of up to 10 per cent without any lock-up period. The new feature, launched in partnership with Kraken, follows the debut of bunq Crypto earlier this year. Available across the EU and EEA, staking lets users earn on digital assets while retaining the option to sell anytime. (Read more)

Alpine Eagle appoints Airbus veteran Klaus Kittmann as Director of Engineering

Munich-based defence tech firm Alpine Eagle has appointed Klaus Kittmann as its new Director of Engineering. Kittmann joins from Airbus, where he led system architecture and advanced prototypes, including the Zephyr high-altitude drone project. At Alpine Eagle, he will oversee development of the Sentinel system, an AI-driven air-to-air defence solution against hostile drones. The hire follows Alpine Eagle’s recent UK and US trials under Project Vanaheim, ongoing tests in Ukraine, and its European expansion backed by over €10M in funding.

PX3’s Com Laude acquires Markmonitor

London-based PX3 Partners announced it has entered a definitive agreement for its portfolio company Com Laude to acquire Markmonitor from Newfold Digital in a $450M deal. The merger will create one of the world’s largest corporate domain management providers, quadrupling Com Laude’s revenue and expanding its global footprint. The combined business will relocate its headquarters to the U.S., with Com Laude CEO Benjamin Crawford leading the enlarged group and Stu Homan continuing as Head of Markmonitor.

Germany’s SoftProject acquires France-based Blueway

German BPM software provider SoftProject has purchased Blueway, a French company that specialises in data integration and governance. This acquisition enhances SoftProject’s X4 BPM Suite by adding Blueway’s skills in Master Data Management, API management, and Data Cataloguing. Together, they will provide solutions that combine workflow automation with data governance for industries like healthcare, utilities, and public administration. With support from Main Capital Partners, SoftProject aims to strengthen its presence in Europe and become a leader in digital transformation across the continent.



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