Helsing

Headlines · 2

1. Oct 8
   Dealroom CEO says Europe's first trillion-dollar startup may already exist

   Dealroom founder and CEO Yoram Wijngaarde told the Wave by Vento event in Turin that Europe's VC-backed ecosystem could overtake its industrial base in total value within five years, and that the first trillion-dollar VC-backed European company is yet to come — possibly one that is still early stage today. He cited Dealroom data showing European venture investment running at about $89bn a year, 56 VC-backed companies worth more than $10bn and $4.4tn in combined value. The same session cited the State of AI Report 2026, which says four US hyperscalers expect roughly $733bn of capex this year, against the EU's initial €1bn contribution to AI gigafactories within a plan seeking up to €10bn of public money and at least €20bn private.

   The Next Web · 🔥 0
2. Oct 8
   Europe's Q3 venture funding hits $25B, a four-year high, with AI taking 75%

   European startups raised $25B in Q3, up 77% year over year and the region's strongest venture quarter in four years, accounting for 16% of global VC, according to Crunchbase data. AI companies took 75% of that, or $18.8B, a record share, with four rounds — Mistral's €3B Series D (about $3.5B), Nscale's $3.36B convertible note, Helsing's $1.8B and Quantum Systems' $1.2B — making up roughly 40% of the total. North America fell 35% quarter over quarter to $92B, largely because there were no new megarounds for OpenAI or Anthropic in the period.

   Techmeme · 🔥 0

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