Large Raises and Strategic Investments
The biggest single announcement of the day came out of Europe, where Barcelona-based chipmaker Openchip secured a 115M euro investment from the Spanish Society for Technological Transformation (SETT), a body that reports to Spain's Ministry for Digital Transformation. The funds will go toward designing high-performance, energy-efficient chips for AI and high-performance computing applications, reinforcing Europe's push to build sovereign semiconductor capacity.
Also on the larger end, London-based battery intelligence company Gaussion closed a 24.5M euro round co-led by BGF and AlbionVC, with participation from Autotech Ventures, UCL Technology Fund, and DN Capital. The company is developing energy intelligence technology for battery packs used in EVs, drones, and data centres, bringing its total funding to over 38M euros.
Series A and Growth Rounds
- The Indus Valley, an Indian toxin-free cookware brand, raised $17M led by Gaja Capital and existing investors, earmarked for product innovation, distribution, and brand expansion.
- Kapture CX, a customer experience platform, raised $10M led by Bajaj Finserv Ventures, with plans to invest in market expansion and R&D.
- Wultra, a Prague-based post-quantum authentication and digital identity startup, closed a 6.8M euro Series A led by Seventure Partners to scale its platform and support the rollout of the European Digital Identity Wallet.
- Incuspaze, an Indian flexible workspace operator, raised Rs 150 crore (approximately $18M) led by Bharat Value Fund, targeting operational expansion and potential acquisitions.
Seed Rounds
- Archimede, a Syracuse-based Italian deeptech startup building modular systems for off-grid critical infrastructure monitoring, closed a 1.5M euro Seed round led by Primo Capital SGR, exceeding its initial 1M euro target.
- Vegvisir, an Estonian defence technology company developing command-and-control software for multi-domain unmanned systems, received a venture investment from Iron Wolf Capital. The exact amount was not disclosed.
Fund Closes and Institutional Activity
Several fund-level announcements also shaped the day's news.
- Osney Capital, a UK-based cybersecurity-focused firm, closed its debut fund at 69M euros, oversubscribed and backed by a cornerstone commitment from the British Business Bank.
- P101, an Italian VC, integrated PranaVentures into its operations and launched a 100M euro fund to expand into seed-stage investing, bringing its combined assets under management to over 600M euros.
- Holocene, an Africa-focused climate-tech vehicle, raised a $3M fund with an explicit strategy of building companies valued at $30M to $50M and exiting within three to five years, prioritising realistic exit paths over unicorn-scale ambitions.
What the Day's Raises Signal
A few clear themes run through June 30's activity. European governments are no longer just cheerleading for tech sovereignty; the Openchip deal shows state-backed capital flowing directly into semiconductor design at scale. Meanwhile, cybersecurity continues to attract dedicated fund formation, with both Osney Capital and Wultra pointing to digital identity and post-quantum security as near-term commercial priorities. In India, the mix of consumer health, enterprise SaaS, and flex workspace raises reflects a maturing funding environment where growth-stage capital is available across sectors. Perhaps the most contrarian signal comes from Holocene, whose small-exits-first model challenges the assumption that climate tech in emerging markets must chase outsized outcomes to be fundable. Taken together, the day reinforces that capital is flowing with increasing precision toward infrastructure, resilience, and pragmatic paths to return.