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Wednesday 28 October 2026

Infineon wins a €319M EU grant for the world's first 300mm GaN chip plant

Chart of the day

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Defence has gone mainstream with European investors

Defence has gone mainstream with European investors. Unique Europe-based investors in Defence startups by year, by investor type.

275 Europe-based investors have backed a defence startup so far in 2026, already more than the 246 in all of 2025 and more than double the 123 in 2021. 167 of them are VC firms.

Just raised

All funding news
  • Re:Build ManufacturingWaltham$2.1B Late VC

    Design, engineering and scalable U.S. manufacturing for complex products — from concept to full-rate production. Led by General Catalyst and JPMorganChase's Strategic Investment Group.

  • WealthsimpleToronto$220M Late VC

    Financial advisor that's intuitive, affordable, and human. Backed by Power Corporation of Canada, IGM Financial and ICONIQ.

  • General ComputeSan Francisco$100M Series A

    ASIC-first AI cloud platform for high-speed inference. Led by Blackbird and Abstract.

By country

  • US$102B
  • China$18B
  • South Korea$2.7B
  • India$1.4B
  • UK$1.4B
  • France$877M

By sector

  • Enterprise$102B
  • Health$7.4B
  • Fintech$5.6B
  • Hosting$4.4B
  • Semiconductors$4B
  • Energy$3.7B

$131B across 1,269 rounds in October so far, by headquarters and by sector.

  • VesslaStockholms kommun$3M raised

    AI agents automating real estate portfolio operations.

    KJOGKasper Janehag & Orman Gazvini founded it. Janehag worked at McKinsey & Company and Stockholm Exergi. Gazvini worked at Pophouse Entertainment and McKinsey & Company.

  • Lutèo MedicalManchester

    Microbiome-powered therapeutic options for dermatology.

    COCatherine O'Neill founded it after working at SkinBioTherapeutics.

  • Moth-inspired metamaterials for lightweight sound absorption solutions.

    AGAkash Gupta founded it after studying at University of Wales.

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