VC Angle Weekly Briefing #1: Klarna Increases Losses & More Than €1.3b Flows Into EU Tech
VC Angle Weekly Update #1
Hey — this is the first weekly edition of VC Angle.
Every Monday, we’ll share a fresh batch of updates from across the 🇪🇺European tech ecosystem (with the occasional headline from beyond if it’s too important to ignore). Beyond these weekly roundups, expect resource drops, operator essays, interviews with investors, and whatever else might actually be worth your time.
Find the general news, fundraising and M&A news, job openings, handy tools, and more below in our Weekly Update #1!
📰 General News
Klarna Q1 revenues hit €700M, but losses widen
Sweden’s biggest fintech is still growing, but it’s not profitable. Yet.
Builder.ai confirms insolvency proceedings
Once a unicorn valued over $1B, Builder.ai is now going through insolvency. What went so wrong?
Revolut picks Paris for Western Europe HQ
The London-based fintech giant is setting up in Paris and applying for a French banking license.
Build in Amsterdam acquired by Front Row
Design studio Build gets picked up by Front Row. Front row can now support brands throughout the entire e-commerce process.
Czechia to back Ukrainian startups
The Czech Ministry of Industry and Trade has officially launched a new fund of funds aimed at supporting the Ukrainian economy.
StartupBlink's 2025 Global Ecosystem Rankings
6 European countries in the Top 10 globally. Only London, Paris, and Berlin make it to Top 20 cities globally.
Top 30 EU universities for entrepreneurs
No big surprises at the top, but some new names are breaking in.
💶 Fundraising and M&A News
Main Fundraising Picks
🇬🇧 CellCentric raises €114M Series C
The Cambridge-based biotech startup raised from RA Capital and Forbion to advance cancer therapeutics — one of Europe’s largest biotech rounds this year.🇩🇪 Ionity raises €600M to expand EV charging across Europe
The German-based charging network secures fresh funding from major backers, including €450M in committed green loan facilities and an optional €150M accordion feature for future expansion.
🇸🇪 Legora raises €70.6M Series B
Swedish LegalTech startup building collaborative AI for law firms. Now valued at €675M.🇬🇧 Converge raises $22M (~€20.9M) to decarbonise concrete
London-based Converge is using AI to reduce emissions in concrete production — with backing from ABN AMRO’s impact arm and Climate Investment.🇩🇪 trawa raises €24M Series A
Berlin startup combining electricity provision and AI-powered energy management. Headline led the round, with Balderton and Speedinvest returning.🇩🇪 remberg raises €15M Series A+
Munich-based remberg is building an AI-driven maintenance platform for industrial firms. Oxx and Acton Capital led, with Fly, Earlybird, and Speedinvest joining.🇩🇪 Flip raises €25M to expand its AI for deskless workers
German scale-up Flip targets frontline staff with internal comms and workflow tools. The new funding helps expand its AI capabilities.
Other Fundraising News
🇫🇷 Didask raises €10M
🇳🇱 Hy2Care raises €4.5M
🇩🇪 Akeno raises €4.5M Seed
🇪🇸 Catalyxx raises €3M
🇬🇧 Ontik raises €3.7M
🇩🇪 Freshflow raises €6.5M
🇩🇪 sensmore raises €6.5M
🇩🇰 Augmented Hearing raises €3M
🇫🇷 PyxiScience raises €2M
🇩🇪 Jupus raises $6.5M Seed
🇬🇧 MindSpire raises £850K Pre-Seed
🇫🇷 Veesion raises €53M to stop shoplifting with AI
🇩🇰 Fortiv raises €3M
🇩🇪 Pliant acquires 🇦🇹 hi.health to enter insurance payments
Funds Raising Funds
🇨🇿 Rockaway Ventures closes €55M climate/impact fund
🇩🇰 PSV Tech launches €70M Fund II for Nordics
🇪🇸 Angel fund MASIA launches €20M vehicle in Barcelona
🇬🇧 Creator Ventures raises $45M for consumer internet
🇬🇧 QuantumLight, AI VC backed by Revolut’s CEO, raises €250M
🇩🇪 Lunar Ventures raises €50M to back deep tech founders
🔗 What We’re Reading
What VCs look for when you don’t have traction yet by Sahil S
75% of data-driven VCs use the same four models and chatbot providers by Andre Retterath
EUVC picks The Firm of The Year, Impact Leader of The Year, & more
The 12 Tactics Behind Lovable’s Insane Growth to $50M ARR by Guillermo Flor
30% of business in Europe set to employ fractional hiring by 2030
🔭 Handy Tools & Resources
Lovable’s fundraising simulator helps you play around the valuations and dilution estimations for your startup
Jetpero is an API management tool that helps startups and SaaS teams monitor, analyze, and optimize API usage
Snapdeck uses a large language model to create interactive web slides in seconds
Macaly turns words into working apps
Karbon AI — An AI marketing platform to help teams launch campaigns, analyze performance, and move faster.
Synaptic uses AI to get signals from private market data
IndieHackers: full list of vibe coding tool
💼 Open Roles
Speedinvest → Associate fintech (German Speaking) in London. Apply here.
Founders Factory → Investor (Italian Speaking) in London/hybrid. Apply here.
Vorwerk Ventures → Principal in Berlin/hybrid. Apply here.
EWOR → AI co-founder/Head of Growth - 100% remote. Apply here.
EWOR → IoT co-founder/Head of Sales - 100% remote. Apply here.
XAnge → Visiting Analyst in Berlin. Apply here.
📍 Upcoming Events
🇮🇪 Dublin Tech Summit — May 28 & 29. See more.
🇬🇧 SXSW London — June 2 to 6. See more.
🇪🇸 OWASP Global AppSec EU 2025 Barcelona — May 26 to 30. See more.
🇩🇪 European AI and Cloud Summit Düsseldorf — May 26 to 28. See more.
🇵🇱 Update Conference 2025 Krakow — May 26 & 27. See more.
🇧🇪 Techorama Belgium Antwerp — May 26 to 28. See more.
🇸🇪 myConf Varberg —May 26 & 27. See more.
🇧🇪 Domain Driven Design Europe Antwerp — June 2 to 6. See more.
🇪🇸 South Summit Madrid — June 4 to 6. See more.
👋 That’s a wrap for this week.
If you’ve got a round, role, or resource others should see, reply to this or ping us at hello@patrons.vc or send me a message on LinkedIn.
If you found this useful, send it to a founder or friend who’d appreciate it.