Week 45 funding recap: €202.0M raised, two thirds in Wessling and Munich
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Europe’s startups announced 16 equity rounds worth €202.0M between 31 October and 6 November, 80% less money than the previous seven days.
That is 18 rounds fewer than the 34 of the week before, which raised €1,000.8M. The median round rose from €4.4M to €5.4M, and the biggest fell from €691.9M (Fractile, Series C) to €100M (Hypersonica, Series B).
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Hypersonica’s €100M Series B, co-led by Lightspeed and General Catalyst, supplied 49.5% of the total. Add VÆRIDION’s €30M Series A2, co-led by SHIFT Invest and Invest-NL, and two rounds account for 64% of the week’s money. The other 14 rounds raised €72.0M between them. In the previous week Fractile’s €691.9M Series C made up 69% of the total.
The rounds that moved the total
Eight largest rounds, €M
The two largest rounds made up 64% of the week's money.
Eight largest rounds, €M. Ranking, 8 rows. 1. Hypersonica · Series B €100M, 2. VÆRIDION · Series A2 €30M, 3. Green Voltis · Series A €13.5M, 4. LO:TECH · Series A €10.7M, 5. Quint Computing · undisclosed €9.1M, 6. Gallium Defense · Seed €7.1M, 7. Tumbleweed · Seed €6.9M, 8. Conlio · undisclosed €6.4M.
Two Bavarian cities took two thirds
Wessling (Hypersonica, €100M) and Munich (VÆRIDION and Marble Cognition, €33.4M) together drew €133.4M, or 66% of the week. Stockholm followed with €13.5M for Green Voltis, then London with €10.7M for LO:TECH.
Money by headquarters city, €M
Six cities, ranked by equity raised.
Money by headquarters city, €M. Ranking, 6 rows. 1. Wessling €100M, 2. Munich €33.35M, 3. Stockholm €13.5M, 4. London €10.7M, 5. Erlangen €9.1M, 6. Paris €7.1M.
Rounds by stage
Pre-seed and seed rounds fell from 18 to 7, the largest drop of any band. Series A held at three rounds, and the 5 rounds with no disclosed stage compare with 11 the week before.
Rounds by stage band, previous week vs this week
Number of equity rounds announced.
Rounds by stage band, previous week vs this week. Paired bars. Pre-seed and seed: 18 then 7 (-11); Series A: 3 then 3; Series B and later: 2 then 1 (-1); Not disclosed: 11 then 5 (-6).
Every round this week (16)
| HypersonicaHypersonic vehicles for European long-range strike and space access | €100M | Series B | 2 Nov 2026 | Wessling, Germany | Lightspeed, General Catalyst |
| VÆRIDIONBattery-electric nine-seat Microliner for regional flights | €30M | Series A | 5 Nov 2026 | Munich, Germany | SHIFT Invest, Invest-NL |
| Green VoltisAI-driven operation and trading of battery storage | €13.5M | Series A | 5 Nov 2026 | Stockholm, Sweden | Lochpine Capital |
| LO:TECHA capital markets firm for the onchain world | €10.7M | Series A | 2 Nov 2026 | London, UK | MMC Ventures |
| Quint ComputingFault-tolerant quantum computers | €9.1M | Not disclosed | 3 Nov 2026 | Erlangen, Germany | Vsquared Ventures |
| Gallium DefenseLow-cost modular radar for drone detection | €7.1M | Seed | 2 Nov 2026 | Paris, France | Keen Venture Partners, 360 Capital |
| TumbleweedSpace access, as easy as mailing a package | €6.9M | Seed | 3 Nov 2026 | Vienna, Austria | Pact VC |
| ConlioAI financial process automation for freight forwarders | €6.4M | Not disclosed | 3 Nov 2026 | Berlin, Germany | Piton Capital |
| VitroscopeUnlocking living human tissue for life science | €4.45M | Seed | 3 Nov 2026 | no data | Cerberus Ventures, YZR Capital |
| Marble CognitionAI coworkers that run company processes end to end | €3.35M | Pre-seed | 2 Nov 2026 | Munich, Germany | Heartcore Capital, Seedcamp |
| RoleoA personal career agent that checks the job market daily | €2.9M | Not disclosed | 2 Nov 2026 | Estonia | Practica Capital |
| CyberKordAI platform automating IT and security operations | €2.7M | Pre-seed | 3 Nov 2026 | Milan, Italy | 360 Capital |
| 1nhalerSingle-dose inhalable medicines in a cardboard inhaler | €2.65M | Not disclosed | 3 Nov 2026 | Edinburgh, UK | Archangels |
| GranterAI grant consultant for SMEs | €1.6M | Not disclosed | 3 Nov 2026 | Portugal | 3XP Global |
| SeamoretechTurning desalination brine into freshwater and minerals | €1.1M | Seed | 2 Nov 2026 | Porto, Portugal | – |
| UnitoqFractional ownership of European real estate from €100 | €0.16M | Pre-seed | 3 Nov 2026 | Riga, Latvia | – |
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Stéphane PaillardHow we count: equity rounds by European companies announced in the 7 days to Friday, from Sesamers funding records. Grants, debt and M&A are excluded. Amounts are converted to euros on the day of the announcement. Figures can move as late announcements are added.
