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Prague-based venture capital fund Tech Horizons, which focuses on defense tech and dual-use technologies, has led a $21M (€18.76M) Series A funding round for Canadian startup North Vector Dynamics (NVD). CSG and other international investors joined existing backers in supporting the company's next phase of growth. NVD develops cost-effective counter-drone interception systems, with a focus on modular technology and scalable manufacturing.

Estonian-founded deep tech startup MuRay has secured €7.1M to bring its Active Muon Imaging technology to industrial customers. The financing includes a €3.5M investment round led by First Momentum Ventures and co-led by Caelora, with participation from Estonian investors Superangel and Nordic Science Investments, among others. The remaining €3.6M comes from public funding, including the EU's Horizon Europe programme.

Polish startup Autofixer secured €3M in venture debt financing from Orbit Capital to expand across Europe. Autofixer combines vehicle data with parts catalogues, supplier listings and records of previous part-to-vehicle matches. It organises part numbers and product descriptions to help drivers find products compatible with their cars. The startup will use the funds to expand further across Europe, develop its platform and grow its team.

Lithuanian drone startup Monopulse has raised over €2M, led by CoInvest Capital (invested in Tingit, among others), with additional participation from NGL Ventures, 68 individual business angels, investors from the Lithuanian Business Angel Network (LitBAN), and Silicon Valley-based Plug and Play Ventures. Following the investment, Monopulse plans to scale production, develop new platforms, and expand across European markets.

Czech-founded industrial and technology group CSG, through its subsidiary Excalibur International, has announced a strategic partnership with British-Ukrainian defense tech startup Occam Industries to integrate AI and autonomous technologies into defense systems.

Ukrainian defense technology company HIMERA and Denmark’s GomSpace have begun testing a satellite in orbit as part of plans to build a communications network that Ukraine can operate without relying on foreign providers. The satellite, named OBRIA NANO, was launched aboard SpaceX’s Transporter-18 mission on 1 October and is now operational.

Greek-founded Wealthyhood announces its strategic partnership with National Bank of Greece, in the context of which Wealthyhood Europe AEPEY provides the investment services of the new "Investments" section in Next by NBG, the National Bank application.

New funds launching

European VC firm Entourage has closed its second fund at €100M, surpassing its initial €75M target within two weeks of launching fundraising. Founded in 2024 by Showpad co-founder Pieterjan Bouten, the firm plans to back around 25 pre-seed and seed-stage startups with initial investments of €1M–€5M.

Fund II will focus on AI, enterprise software, robotics, physical AI, and deeptech, with additional capital reserved for follow-on investments.

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