June 4 delivered a robust funding day with over $184 million in announced raises, highlighting strong investor appetite for AI infrastructure, energy solutions, and innovative retail platforms. The day's announcements span multiple geographies and sectors, from Indian e-commerce to European cleantech and specialized AI applications.
Late-Stage Growth and Series Rounds
The day's largest funding came from FirstClub, which secured $55 million in Series B funding co-led by Peak XV Partners and Sofina. The Indian e-commerce platform plans to use the capital to expand into new cities and strengthen its supply chain as it enters new product categories.
Healthcare technology also saw significant investment as London-based Semble raised €34.7 million ($40 million) in Series C funding led by Revaia. The platform helps outpatient providers coordinate care and manage patient journeys, addressing growing demand for streamlined healthcare operations.
Energy infrastructure continued attracting capital with Fuse Energy closing an additional €25 million ($30 million) as part of its Series B extension. The London-based company brought in new investors 20VC and Collaborative Fund, taking its total funding to €214 million. Notably, Fuse Energy has maintained EBITDA-positive operations monthly while planning a 32,000 square foot London headquarters expansion.
Series A and AI Innovation
The AI sector saw notable activity with Airspeed securing €17.2 million ($20 million) in Series A funding led by DN Capital. The London-based startup builds AI-powered execution layers for revenue teams, reflecting continued investor confidence in AI applications for sales and marketing operations.
Scotch raised $20 million in Series A to disrupt legacy liquor retail technology with AI solutions. The Denver-based company offers an all-in-one software ecosystem designed specifically for liquor store owners, demonstrating how AI is penetrating traditional retail sectors.
French restaurant technology company Innovorder also secured €20 million to accelerate its AI-first restaurant digitalization platform. The profitable scale-up received funding led by UL Invest, combining new capital with a buyout of historical investor shares.
Early-Stage and Specialized Technologies
Several innovative early-stage companies secured funding for cutting-edge technologies. AethexAI raised $3 million in pre-seed funding led by 4DX Ventures to build voice AI infrastructure specifically for enterprises in Africa and the Middle East, addressing underserved emerging markets.
New Dawn Bio completed a €2.1 million oversubscribed pre-seed round led by CapitalT for its groundbreaking cultured wood technology. The Dutch startup claims to be developing the world's first lab-grown wood using tree stem cells in bioreactors.
Legacy software modernization attracted investment as Kodesage raised $6.6 million in seed funding led by VentureFriends for its on-premise AI platform that modernizes legacy software systems.
In India, Ola Electric completed a Rs 780 crore ($93 million) qualified institutions placement, providing significant capital for the electric vehicle manufacturer's continued growth.
Fund Formation and Market Trends
The funding environment also saw new capital formation with Merantix Capital closing its €103 million AI Fund for early-stage European AI startups. The Berlin-based fund will make approximately 40 investments across logistics, manufacturing, energy, finance, healthcare, and robotics sectors.
Today's funding pattern reveals several key trends: AI continues attracting substantial investment across diverse applications from voice infrastructure to retail operations, cleantech and energy companies are securing growth capital amid increasing sustainability focus, and specialized B2B software solutions are finding strong investor support. The geographic diversity spanning India, UK, Netherlands, and US demonstrates global investor appetite for innovative technologies addressing sector-specific challenges.