Startup Funding Recap: Nevis $70M Series B, Matiks, BioStack and More

Wealthtech led the day's announcements, with a large Series B, while early-stage rounds across games, health and deeptech filled out the list. New fund closes in Africa and Europe added fresh capital for the next wave of startups.

Growth Rounds

• Nevis: $70M (about 62M euros) Series B, led by EQT Ventures. The London and New York AI operating system for wealth management will expand agent capabilities, deepen custodian integrations and grow its teams. Total funding reaches about $110M.
• Nous: $17M, to expand internationally. The UK company builds an AI agent that helps households handle everyday admin and reduce spending.
• adsilico: 10M pounds Series A. The Leeds spinout uses AI simulation to test medical devices on virtual patients.

Early-Stage Rounds

• Matiks: $10M pre-Series A, led by General Catalyst. Funds go toward international expansion, new games and a no-code, AI-powered game creation platform.
• BioStack: $10M seed (reported as $9.5M), led by Peak XV. Its workflows unify clinical data across health systems, and it works with hospitals in the US, Brazil, India and Argentina.
• Medikea: $1M round from backers including Baobab Network, Catalyst Fund and Hustle Fund. The Tanzanian company is expanding its integrated healthcare network.

Deeptech and Hardware

• Volare: 7M euros, from Springvest with participation from Maki.vc and others. The Finnish company opened Volare 01, a 5,000-tonne insect protein factory in Pori.
• Sonexos: 5M euros (about $6M), led by Valquest Partners with Bosch Ventures participating. The Lausanne company is moving solid-state noise control into industrial production.
• QuoIntelligence: undisclosed investment from Christian Lindner's investment vehicle, following its 7M euro Series A in April.

New Funds and Capital Pools

• DPI Venture Capital (Nclude Fund): final close above $112M, with 93% of capital from Africa.
• Z_One Fund: first close above 35M euros toward a 60M euro target, managed by Eureka! Venture and backed by CDP Venture Capital, focused on AI and UrbanTech.
• INFRAGORA: plans two AI-ready data centres in Nigeria, backed by a proposed $650M to $1B investment. Financing and reliable power remain hurdles.

Market Context

Crunchbase data shows California companies have taken more than three-fourths of all US startup funding this year, an apparent record share. In Europe, the Tech.eu Q3 2026 report counts 28B euros across 732 deals, up from 21B euros a year earlier.

What It Signals

The day's pattern is a split between concentration and breadth. Capital is clustering in a few large markets and AI-centered names, yet smaller rounds in healthcare, deeptech and emerging-market funds show steady money reaching specialized problems. Nevis suggests investors still pay up for AI that slots into regulated, workflow-heavy industries such as finance. Meanwhile, locally rooted funds like Nclude and Z_One point to growing confidence in regional ecosystems. Infrastructure projects like the Nigerian data centres will test whether that ambition can clear the practical barriers of power and financing.