Recap: Europe's top funding rounds this week (23–29 March)
Summary
A weekly funding recap summarizing major European startup investment rounds between March 23-29, focusing on AI infrastructure, deep tech, and biotech.
Key Points
- Kandou AI (Swiss semiconductor): Raised $225M in Series A; its copper interconnect technology (Chord) improves AI infrastructure bandwidth by 2-4x and reduces power consumption by 50%.
- Air Street Capital: Closed $232M, the largest solo GP venture fund in Europe to date, to focus on $500K-$15M investments in AI-first early-stage companies.
- Granola (London AI meeting app): Raised $125M in Series C, with a valuation of $1.5B — a 6x increase in less than a year.
- Ysios Capital: Launched InceptionBio, a €100M fund dedicated to biotech spin-outs from Spanish universities and research institutes.
- Credo Ventures: Closed its 5th fund at $88M targeting Central and Eastern European founders (expanded from the previous €75M fund).
Notable Quotes & Details
Notable Data / Quotes
- Kandou AI valuation $400M, Series A $225M
- Air Street Capital fund size $232M — largest solo GP in Europe
- Granola valuation $1.5B, 6x growth in less than a year
- 360 Capital new deep tech dual-use fund €85M
Intended Audience
VCs, investors, startup founders, and European tech industry stakeholders