Mega Rounds and New Unicorns
The headline raise of the day belongs to a European AI scaleup that crossed unicorn status in dramatic fashion.
- Multiverse Computing raised $570M (approximately 500M euros) in a Series C led by Forgepoint Capital International, BNPP SIVF, and Bullhound Capital, at a $1.7B pre-money valuation. The San Sebastian company focuses on sovereign and efficient AI for enterprise customers, and this round values it at five times its Series B.
- Ominimo, the profitable Serbian-Hungarian insurtech, completed a Series B with the venture arm of the European Bank for Reconstruction and Development at a $1.6B valuation, reaching unicorn status just two years after launch. The company plans to use capital for growth acceleration rather than operations.
Growth and Late-Stage Rounds
Several established companies pulled in substantial capital to expand operations or sharpen their platforms.
- Veriqus raised approximately $46M (Rs 387 crore) to build an integrated wealth management platform targeting India's HNIs, family offices, and emerging wealthy families. The raise was led by two fund managers who previously oversaw Rs 1.35 lakh crore in assets.
- Urban Harvest, a B2B food supply platform in India, secured approximately $41M (Rs 341 crore) through the issue of compulsorily convertible preference shares.
- The Exploration Company, the European space logistics startup, is in talks with Bessemer and Atomico to lead a new funding round at a $2B valuation. A formal close has not yet been announced.
Early-Stage and Seed Raises
Seed activity was broad, touching deep tech, biotech, cybersecurity, and clean energy.
- ZuriQ, an ETH Zurich spinout, raised $26M in seed funding to advance its quantum technology research.
- Nuclear Turbines, a BAE Systems spinout based in Manchester, raised approximately $21M (17.5M euros) in a foundational round led by IQ Capital, with participation from Rhapsody Venture Partners, Zero Carbon Capital, and Empirical Ventures. The company is developing compact nuclear power systems targeting electricity generation at one-fifth the cost of conventional nuclear plants.
- Enerzolve, a Bengaluru startup building silicon and power electronics for smart grids and battery storage, raised $5M in a seed round co-led by Jungle Ventures and Kae Capital.
- Beelzebub, a Milan-based AI-native cybersecurity platform, raised 3M euros in a seed round led exclusively by United Ventures. The company builds AI-powered deception traps to counter AI-driven cyberattacks.
- Omega Seiki Mobility, an Indian commercial EV manufacturer, raised approximately $6M (Rs 50 crore) to expand manufacturing capacity, strengthen R&D, and grow its dealer network.
- Exsure, a Bhubaneswar biotech focused on targeted drug delivery for cancer treatment, raised approximately $360K (Rs 3 crore) in a round led by Unicorn India Ventures. The company is currently in preclinical testing.
Media and Other Notable Activity
- ETN, a European media startup with ambitions to become a TBPN equivalent for European audiences, raised $1.6M with backing from Axel Springer.
- 9fin, the capital markets data platform, completed its first employee share sale following its $170M raise, offering liquidity to staff without a formal exit event.
M&A
- Nigerian investment group Zedcrest acquired cross-border payments startup Leatherback as part of a broader pan-African fintech expansion strategy. Zedcrest had first backed Leatherback in a $10M pre-seed round in 2021.
What Today's Raises Signal
The day's activity reflects a few converging themes. The scale of Multiverse Computing's round, combined with Ominimo reaching unicorn status on profitability alone, suggests European deep tech and profitable-growth fintech are attracting serious capital in 2026. The cluster of clean energy seed deals, from compact nuclear in Manchester to grid hardware in Bengaluru, points to sustained investor appetite for infrastructure-layer climate plays. Meanwhile, the AI-versus-AI framing of Beelzebub's raise hints that cybersecurity is entering a new arms-race phase where the threat model and the defense tool are built on the same underlying technology.