A quieter week by headline standards, but one that reveals a lot about where European venture capital is quietly focusing: AI agents for brick-and-mortar industries, agricultural automation and the growing pipeline of venture capital operators.
What the week of March 16-22 yielded was something different in texture rather than volume: smaller rounds, more specific theses, and an investment pattern that more clearly signals where European capital is really generating conviction. AI agents entering complex physical environments.
Agricultural automation that finally has engineering living up to its ambitions. A new generation of European venture capital funds that rely on operators who have scaled the continent’s own companies.
1. Upvest – $125 million Series D | Berlin, Germany
Upvest has raised $125 million just a year after its last round, raising its valuation to €640 million from €360 million.
The Berlin fintech powers the infrastructure behind investment applications used by clients such as Revolut, N26, Openbank and Zopa. Tencent’s backing also points to growing global interest in European fintech infrastructure.
2. Partech Impact Fund: closing of 300 million euros | Paris, France
Partech has closed an impact fund of 300 million euros aimed at one of Europe’s most persistent climate technology gaps: growth capital.
The Paris-based firm will support around 15 B2B companies with more than €10 million in revenue in sectors such as clean manufacturing, sustainable agriculture, green building, mobility and digital health. Its first investment is Luxembourg-based SustainCERT.
What distinguishes the fund is its structure. Partech has linked carried interest to performance impact, not just financial returns, and has registered the vehicle as an Article 9 fund under EU sustainable finance rules.
3. Montis VC: first closing of 50 million euros | Warsaw, Poland
Montis VC has reached 50 million euros First closing of a new fund focused on new European companies in energy transition, industrial technology and artificial intelligence. Sponsors include the European Investment Fund, the Polish Development Fund and family offices across Central and Eastern Europe.
The fund plans to invest between 0.5 and 2 million euros in between 20 and 25 early and early stage companies, reserving half of the capital for the following ones. Its launch also reflects a broader trend, as Central and Eastern European investors delve deeper into industrial and climate technology with the support of public and private capital.
4. Parallel – €20M Series A | Paris, France
Parallel, a Paris-based startup that creates AI agents for hospital billing and medical coding, has rhas raised a Series A of 20 million dollars led by Index Ventures, less than a year after its seed round.
The company focuses on the French public hospital system and uses AI to navigate legacy software without deep integrations. Parallel says that approach can dramatically reduce implementation times and could eventually expand to broader hospital workflows.
5. Rivia – Closing of €13M | ZurichSwiss
Rivia, a Zurich-based startup builds AI for clinical trials operations, has raised 13 million euros to expand its agent data platform.
The company says its system helps biotech teams unify fragmented trial data, extract insights, detect anomalies, and manage operational risks in regulated environments. The round follows an initial investment of €3 million in 2024 and marks a bigger bet on artificial intelligence tools that do more than store data.
6. Kupando – 10 million euros Series A | Schönefeld, Germany
Kupando has added 10 million euros to its Series A, bringing the round to €23 million as it takes its lead drug, KUP101, into a Phase 1b trial. The German biotech is developing an innate immunity therapy for advanced solid tumors and drug-resistant infections, a less traveled path in immunotherapy.
The funding suggests investors believe science is finally ready to move from preclinical promise to patients.
7. eterna.ag – seed of 8 million euros | Cologne, Germany
Eternal.ag, a greenhouse robotics startup founded by former Honest AgTech co-founder Renji John, has raised 8 million euros. Based in Cologne and Bengaluru, the company builds autonomous harvesting systems for greenhouses, starting with tomatoes.
Their proposal is based on simulation-based development: robots are trained in virtual greenhouses using NVIDIA Isaac Sim before being deployed in real greenhouses. Eternal.ag says this speeds up testing and iteration on one of the most difficult automation problems in agtech.
8. Election – 7.1 million euros Series A | PragueCzech
Election, a Restaurant technology startup founded in Praguehas raised $7.1 million in Series A funding to expand from Central and Eastern Europe into Western Europe, starting with Portugal.
The company offers an all-in-one platform for restaurants, covering ordering, payments, reservations and delivery integrations, and says it now serves more than 7,000 paying customers across nine markets.
9. Ofiniti – 6.8 million dollars | Oslo, Norway
Ofiniti, a Oslo-based marine fuel software startup spun off from DNV, has raised $6.8 million to expand beyond Singapore into major global fueling hubs.
Its platform digitizes fuel delivery documentation, scheduling and compliance, and the company says it processed more than 25,000 fueling operations in 2025, while capturing about 40% of Singapore’s digital fueling market.
10. Reson8 – Pre-seed of 5 million euros | Amsterdam, Netherlands
Reson8, an Amsterdam startup creating artificial speech intelligence for Europe’s linguistic complexity, has raised a pre-seed round of 5 million euros led by Balderton Capital.
The company’s platform supports more than 20 European languages and adapts to industry slang, accents and speaking patterns without the need for retraining. His focus is on high-precision sectors such as healthcare, logistics, law and finance.
11. BBLeap – 5 million euros | Rijen, Netherlands
BBLeap, a Dutch agritech startup focused on precision spraying, has raised €5 million in a round led by ESquare Capital, with backing from Yield Lab Europe and existing investors.
Its technology retrofits existing sprayers to control each nozzle individually and, with its LeapEye system, adjusts treatment in real time based on what crops really need. The funding will support the commercial launch and international expansion of LeapEye.
12. Homaio – 3.6 million euro seed | Paris, France
Homaio, a Paris startup opens carbon emission rights market Aimed at retail investors, it has raised €3.6 million in seed funding led by RAISE Ventures.
The company allows people to buy securities physically backed by EU carbon permits and says it has attracted users from more than 30 countries since its public launch in September 2024. The new capital will help it expand beyond carbon allowances into broader energy transition markets.
13. Elea and Lili – seed of 2.5 million euros | Finland
Elea & Lili, a Finnish spin-out of VTT, has raised €2.5 million in seed funding led by Lifeline Ventures to commercialize a cellulose-based alternative to fossil-based absorbents used in diapers and agriculture.
The company claims its material matches conventional performance while being biodegradable and free of microplastics, although industrial-scale validation is still ahead.
14. Ringtime – €1.8 million seed | Ghent, Belgium
Ringtime, a Ghent startup that creates artificial intelligence agents for worker recruitment, has raised 1.8 million euros in financing led by Volta Ventures.
Its platform automates candidate outreach, selection and matching in 22 languages, targeting sectors such as logistics, retail, food processing and construction. The company is led by Vincent Theeten, former CEO of Belgian software company Cheqroom.
15. eYou – €300,000 pre-seed | Bucharest, Romania
you, a Bucharest-based social media startuphas raised €300,000 in seed funding from Fil Rouge Capital ahead of its planned May launch.
The platform aims to tackle misinformation and echo chambers with built-in AI tools and data verification that show users how recommendation systems profile them.
Positioned around GDPR compliance and European data sovereignty, eYou presents itself as a trusted alternative to the main social networks.
The dominant investment theme of the week was not frontier AI models or data center construction, but AI agents entering physical and institutional environments where automation has historically struggled: hospital management, greenhouse harvesting, farm spraying, blue-collar recruiting, and many more.
