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In other news this week: NUCLIDIUM raises €84M, CarOnSale drives away with €70M, EvlaBio lands €21M and more

by TheAdviserMagazine
10 months ago
in Startups
Reading Time: 7 mins read
A A
In other news this week: NUCLIDIUM raises €84M, CarOnSale drives away with €70M, EvlaBio lands €21M and more
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It’s been a fast-paced week in the world of startups and tech innovation, with news flying in from all corners — funding rounds, strategic partnerships, product launches, and major acquisitions.

So much is happening, and let’s be honest, keeping up with everything is nearly impossible. While we try our best to catch every major headline, a few updates naturally slip through the cracks.

That’s why we’ve pulled together this handy list of stories that might’ve flown under the radar but are worth knowing.

Do give it a read!

NUCLIDIUM raises €84M in Series B funding

Radiopharmaceutical company NUCLIDIUM has raised €84M in a Series B funding round to accelerate the clinical development of its copper-based cancer diagnosis and treatment platform. The round was led by Kurma Growth Opportunities Fund, Angelini Ventures, Wellington Partners, and Neva SGR, with support from several European deeptech and healthcare investors.

NUCLIDIUM is developing a proprietary theranostic platform using Copper-61 for diagnostics and Copper-67 for therapy to target cancers such as prostate, breast, and neuroendocrine tumours. Early clinical data show high imaging accuracy and promising safety results. The company now plans to move its lead compounds, NuriPro and TraceNET, into the next phases of clinical trials. (Read more)

Berlin’s CarOnSale secures €70M in Series C funding

Berlin-based CarOnSale, the B2B platform digitising Europe’s used car trade, has raised €70M in Series C funding. The round was led by Northzone, with participation from HV Capital, Insight Partners, Stripes, and Creandum. The platform streamlines professional vehicle transactions by offering integrated services like inspections, logistics, and payment. With the new funding, CarOnSale plans to expand across Europe, grow its team, and enhance its AI-powered infrastructure to modernise cross-border auto trading. (Read more)

Flyer One Ventures launches €50M Fund

Kyiv-based VC firm Flyer One Ventures (F1V) has announced a new €50M fund, supported by the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD). The fund will invest in early-stage tech startups led by Ukrainian and Central & Eastern European (CEE) founders. F1V plans to invest up to $1.5M per startup, focusing on software companies ready to scale globally. IFC and EBRD have already committed €11.5M to the fund’s first close. F1V’s existing portfolio includes companies like Fintech Farm, Mate academy, and Liki24, with past exits to Pinterest and Triumph Financial. (Read more)

NIIT MTS Acquires Germany’s MST Group for €22.37M

NIIT Learning Systems Limited (NIIT MTS) has acquired MST Group, a managed learning services leader in the DACH region, for €22.37M. The deal adds marquee automotive, industrial, and energy clients to NIIT’s portfolio and brings MST’s QuickStart Learning Academy capabilities into the fold. NIIT now serves over 100 global clients through a team of 2,500+ professionals across 32 countries, advancing its AI-powered, scalable learning solutions for enterprises worldwide. (Read more)

EvlaBio raises €21M to advance monoclonal antibody for cardiorenal disease

EvlaBio, a life science startup developing first-in-class therapies for cardiovascular complications in chronic kidney disease (CKD), has raised €21M in a seed round. The funding was led by Kurma Partners, with support from AdBio Partners, Boehringer Ingelheim Venture Fund, NRW.Venture, and HTGF. The company’s lead program targets the FGF23/FGFR4 signaling axis, a key driver of left ventricular hypertrophy (LVH) in CKD, using a novel monoclonal antibody. (Read more)

Wrisk raises €14.2M funding

UK-based Wrisk has closed its Series B funding round with €14.2M to strengthen its platform for embedded automotive insurance and fuel growth across Europe. The round was co-led by Mundi Ventures and Opera Tech Ventures (BNP Paribas’ venture arm), both of whom will now join Wrisk’s board. Existing backers QBN and Volution also participated.

The new funds will help Wrisk expand into European markets, with a growing team in Munich and licenses in place. By integrating real-time vehicle, financial, and behavioural data, Wrisk enables smarter pricing, personalised coverage, and embedded insurance experiences that evolve with customer needs and tech changes. (Read more)

Norway’s Two raises €13M to expand frictionless B2B payments

Oslo-based B2B payments startup Two has secured €13M in fresh funding to fuel its international growth. The round was led by Idékapital and Shine Capital, with support from new investor Investinor and existing backers including Sequoia Capital, Antler, and LocalGlobe. This brings Two’s total funding to over €40 million. The new funds will help expand into the U.S. and key European markets, connecting global buyers and suppliers through a single network. (Read more)

AmphiStar secures €12.5M EIC Funding

Belgian biotech company AmphiStar has secured €12.5M in blended funding from the European Innovation Council (EIC) to accelerate the commercial rollout of its sustainable biosurfactants. The funding includes a €2.5M grant and €10M equity investment, making AmphiStar one of just 40 companies selected from nearly 1,000 proposals across Europe.

AmphiStar upcycles bio-based waste into high-performance biosurfactants used in personal care, home care, and other sectors. Its products, AmphiCare and AmphiClean, have already been launched, with plans underway to expand the platform and introduce novel molecules. The new capital will support AmphiStar’s next phase of growth, including European market expansion and a strategic partnership with U.S.-based Kensing to enter the North American market. (Read more)

Swiss MedTech Comphya raises €7.95M to advance implantable ED therapy

Lausanne-based Comphya, a clinical-stage medical device company developing a breakthrough treatment for erectile dysfunction (ED), has closed a CHF 7.5 million (~$8.4M) oversubscribed Series A funding round. The round includes the conversion of earlier convertible loans. The funding will help launch a U.S. pilot study at Johns Hopkins, prepare a pivotal 2026 U.S. trial, and expand its Australian clinical study, where early results have shown promising safety and effectiveness.

Friendsurance secures 7-figure investment from Round2 Capital to boost digital bancassurance growth

Berlin-based insurTech company Friendsurance has received a seven-figure euro investment from Vienna-based Round2 Capital to grow its digital bancassurance platform and expand partnerships across Europe. The company’s white-label platform enables banks and insurers to offer and manage insurance products digitally within banking apps.

Ciloa wins €6.5M grant to develop new diabetes and obesity treatment

Ciloa, a French biotech startup, has secured €6.5M in government funding under the France 2030 innovation programme. The funds will support Ciloa’s efforts to bring a breakthrough bio-drug, APN-sEV, to clinical trials for type 2 diabetes and obesity. The company is the first to produce a stable and functional version of Adiponectin, a key hormone in metabolic health, by combining it with engineered exosomes. Preclinical results show strong effects in reducing fat, improving insulin response, and preserving muscle mass.

Pimloc raises €4.2M to scale AI-powered Video Privacy Platform Globally

Pimloc, the AI company behind the privacy-first video platform Secure Redact, has raised $5M in fresh funding to expand its presence across the U.S., Europe, and other global markets. The round was led by Amadeus Capital Partners and Edge Ventures, with participation from Zetta Venture Partners, MD One, and Symvan Capital. With over 120% year-on-year growth, Pimloc’s platform is helping public and private organisations anonymise sensitive content in video, audio, and screen data. (Read more)

Cashfeed raises €1.3M to automate invoicing

Ghent-based AI-powered invoicing startup Cashfeed has secured €1.3M in funding to scale its platform ahead of Belgium’s upcoming 2026 e-invoicing requirement. The round was led by Pitchdrive, with support from StarApps and VLAIO. Launched in March, the startup has already processed over 35,000 invoices and serves more than 350 clients. Cashfeed also announced a strategic partnership with Baker Tilly, which is testing the tool with clients. The platform automates invoice collection, payment, and follow-ups, working seamlessly with tools like Microsoft Teams, Slack, and Exact Online. The funding will support further product development and long-term expansion across Europe. (Read more)

OXGENE founder launches Lab Thread with £750K

Biotech entrepreneur Ryan Cawood, founder of OXGENE, has raised £750K for his new venture, Lab Thread, a software platform designed to modernise lab data management. The investment comes from the Midlands Engine Investment Fund II, managed by Mercia Ventures. Lab Thread aims to replace outdated lab practices, such as paper notes and spreadsheets, with an all-in-one digital system. Co-founded with Deyan Sultov, the platform will offer DNA visualisation, sample tracking, and experiment recording in a user-friendly interface.

ODOS raises €680K to help agri-food sector

Irish climate-tech startup ODOS has secured €680,000 in funding to expand its tools that help the agri-food sector cut emissions and stay compliant with growing environmental rules. The round was led by Capsa Food, TTAF by CLAVE, and Angels, the investment arm of Juan Roig. Founded by Alejandro Vergara and Cian White (pictured), ODOS is a spin-out from University College Dublin and Trinity College Dublin. It offers easy-to-use tech that helps farmers and cooperatives measure and improve their environmental impact, without hurting productivity. (Read more)

Lithuanian medtech startup BrachyDOSE raises €554K

Kaunas-based cancer tech startup BrachyDOSE has raised €554,000 in seed funding to bring its radiation measurement technology closer to clinical use. The round was led by Coinvest Capital with support from BSV Ventures, LitBAN, and EstBAN. The funding will help BrachyDOSE complete CE and MDR certification, paving the way to market its solution across Europe. Founded by Neringa Šeperienė, the company’s mission is to make cancer treatment safer, more accurate, and more efficient for hospitals and patients worldwide.

Carbyon gets backing from Bouygues-backed ISAI Build Venture

Deep-tech climate startup Carbyon has secured a strategic investment from ISAI Build Venture to accelerate the rollout of its Direct Air Capture technology. Carbyon develops equipment to filter CO2 from the air, to be stored underground or converted into alternatives to fossil fuel-based products. Carbyon, founded by Hans De Neve in 2019, uses a patented, ultra-fast capturing technique to reach an industry-leading low cost-per-ton of CO2 captured. (Read more)

GetPica raises funding  led by PranaVentures

Cervia, Italy-based AI-powered event photo platform GetPica has closed a new funding round led by PranaVentures, bringing its total raised capital to €5M. The Cervia-based startup uses facial recognition and automation to deliver personalised photo and video content to event attendees in real-time. Already active in 55 countries with over 2 million users, GetPica works with major names like Netflix, LinkedIn, and Campari. With this new investment, it will strengthen its SaaS model and expand into the US, the Middle East, and Asia.

GoDutch joins hands with 1% for the Planet

Amsterdam-based banking firm GoDutch has joined the global initiative 1% for the Planet, pledging 1% of its annual revenue to environmental causes. Founder Thomas Vles announced the move on LinkedIn, emphasising that “the decision wasn’t driven by PR or ESG scores, but by a belief that responsible business is the only business worth scaling.” (Read more)

Outtask Group acquires Digital & Media Solutions

Outtask Group has acquired Digital & Media Solutions, strengthening its footprint in media production and broadcast technology. The company will now operate under the new label DMS Mediatech Solutions B.V. within the Outtask Group portfolio. This acquisition is part of Outtask Group’s broader growth strategy of investing in strong, entrepreneurial teams that want to make an impact together. DMS Mediatech Solutions joins a growing family that includes Aspen Digital, Astorium, Marviq, and DigitlSky. (Read more)



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