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Source-backed notes on company research, public-register evidence and MCP workflows.
Roadsurfer's Kennedy Lewis Majority Follows a Nearly €500m Fleet-Debt Build-Out
Roadsurfer's Kennedy Lewis majority follows nearly €500m of fleet debt, founder rollover and a 2027 profitability target, public sources report.
NexGen Cloud's $106m GPU Loan Followed a Founder-Control Reset
NexGen Cloud's $106m GPU loan followed a founder-linked control reset, a new charge over Finnish capacity and a filed €121m promissory-note schedule.
LO:TECH’s $12m Series A Sits on a Founder-Holding Company Reset
LO:TECH’s $12m Series A follows a holding-company reorganization, preferred seed classes and a Companies House control record that went blank.
Entourage Fund II’s €100m Close Sits in a Newly Formed Belgian LP Vehicle
Entourage says Fund II closed at €100m, while its Belgian LP vehicle was formed months earlier and public filings do not map commitments to paid-in capital.
AP Ventures’ $300m Fund III Leaves Manager-Level Control Concentrated on Andrew Hinkly
AP Ventures’ $300m Fund III has backed 13 companies, while Companies House records 75%+ manager voting and surplus rights with Andrew Hinkly.
Fractile’s £577m Series C Arrived After Its Oxford-Linked PSC Ceased
Fractile’s £577m Series C created 19.2% of its shares after Oxford Science Enterprises left the PSC record, leaving the new control position undisclosed.
Qwello’s Up to €55m Equity Follows Up to €65m Debt
Qwello’s up to €55m equity follows up to €65m of debt as its latest public accounts show a €4.44m loss, framing a capital-intensive roll-up.
Wormsensing’s €9.5m Series A Mixed New Money With Note Conversion
Wormsensing’s €9.5m Series A combined 45,559 new ABSA P2 shares with 19,069 shares issued against earlier ORA notes, changing the cash story.
Impress’s €40m EIB Loan Adds a New Layer to Existing Venture Debt
Impress’s €40m EIB loan sits beside outstanding Trinity charges, while older lender security was satisfied in January, making the debt stack visible.
i23’s £4.9m Seed Arrived After Its Founder Control Record Changed
i23 raised £4.9m for an AI insurance broker after its founder subscribers ceased to be registrable PSCs, leaving the control chain unresolved.
StrollMe’s €22m Raise Finances a Fleet, Not Just a Valuation
StrollMe raised €22m in equity and debt. Its filings and customer terms put the key question on fleet, receivables and risk allocation, not valuation.
Guidewire’s $1.7bn Hyperexponential Deal Runs Through an Existing Capital Stack
Guidewire agreed to buy Hyperexponential for $1.7bn plus up to $400m. UK filings show an existing preferred stack, not a new pre-sale financing.
EVASIVE Robotics’ €2.1m Pre-Seed Created a Nine-Holder Preferred Syndicate
EVASIVE Robotics’ €2.1m pre-seed issued 9,330 Pre-Seed shares to nine named holders, giving the syndicate 27.18% of German nominal capital after closing.
Tendos’ €12m Seed and Insight’s Separate 40% Stake
Tendos announced a €12m Insight-led seed, while German shareholder lists show a separate 8,221-share transfer that lifted Insight to about 40%.
Cygrid’s €2.66m Pre-Seed Followed a Nominal-Capital Reset
Cygrid’s €2.66m pre-seed followed a German capital reset from €25,000 to €35,392, exposing a new legal stake without revealing its investor or valuation.
Adsilico’s £10m Series A Made Series A 47.24% of Issued Shares
Adsilico’s £10m Series A created two large Series A allotments, but Companies House leaves the investor-by-investor ownership map unresolved.
Epoch's $4.25m Seed Came With 670,087 Preferred Shares
Epoch's $4.25m seed sits beside 670,087 preferred shares, $6.26m of filed paid-in amounts, a Burnt Island board appointment and a June issue window.
Christian Lindner Added 60 Shares to QuoIntelligence's Post-Series A Capital Base
QuoIntelligence's latest shareholder list records Christian Lindner's 60-share transfer from Mercurius, leaving €54,894 capital unchanged after the Series A.
Rabot Energy's $50m Series B Reweighted Its Investor Coalition
Rabot Energy's public €50m Series B maps to 26,816 new shares in RABOT Charge, diluting Rabe Venture from 21.90% to 16.34% on issued shares.
Enact's $30m Pre-Seed Arrived After Its Swiss Company Built a Preferred-Share Stack
Enact’s $30m pre-seed followed months of Swiss filings that created 2.996m preferred shares and a new board structure before its robotics debut.
Cashbee's 2026 Control Deal Followed MIF's 86% Share of the 2024 Round
MIF's 85% Cashbee deal followed a 2024 financing in which it supplied 85.6% of the round, turning a new control headline into a consolidation story.
Diatech’s SensoQuest Deal Follows Insolvency and Dissolution
Diatech says it acquired SensoQuest, but German filings show insolvency and dissolution came first, leaving Labcycler’s business transfer and creditor outcome unpriced.
Skeleton’s Siemens Deal Puts an 11.25% Stake Beside an Exclusive Data-Centre Channel
Estonian filings list Siemens International Holding with 11.25% of Skeleton’s holding group as Siemens gains an exclusive data-centre sales channel.
XRlabs Added Seed-2 Preference Rights While Its Founder Kept Statutory Control
XRlabs raised an $8.4m Playground-led seed while filings show 621,130 Seed-2 shares and a founder still above 50% with majority board rights.
GLAS's Oakley Sale Followed a Debt and Preference Reset
GLAS's Oakley sale followed a debt and preference reset before the public change of control, with £90m redeemed and £46.5m paid through two one-share allotments.
Körber’s NAiSE Stake Puts Vendor-Neutral Robot Control Under Strategic Pressure
Körber’s NAiSE stake adds industrial reach to a vendor-neutral robot control layer, while filings leave the ownership and neutrality terms open.
Cognitive Credit’s $40m Growth Investment Sits Beside a New HSBC Security Layer
Cognitive Credit announced a $40m Summit-led investment, while filings show 876 new shares and an outstanding HSBC security over its IP and business.
Hansetherm’s €10m Seed Put Two Near-25% Blocks at the Center of Its Cap Table
Hansetherm’s €10m seed created 65,429 new shares, putting two less-visible blocks near 25% each while G-FUND holds 2.11% before scale-up plans.
Seaya's €600m Nova Close Raises a Fund-Identity Question for Europe's Growth Capital
Seaya says Nova reached a €600m first close, while EIF earlier named a €1bn-target Growth Tech Fund I; the public names are not yet reconciled.
Reflex Aerospace's Planned NVIDIA Investment Has Not Yet Reset Its Filed Cap Table
Reflex Aerospace announced a planned NVIDIA minority investment, yet its latest filed list still shows Alpine at 47.43% and Ballheimer at 30.75%.
Sprints’ €725m Fund V Sits Above a £654,887 Manager Balance Sheet
Sprints says Fund V closed at a €725m hard cap, while UK filings show £2.07m cash, £654,887 net assets and two new HSBC security filings remain outstanding.
Pigment's $250m Series E Sits on a 298m-Share, Eight-Class French Structure
Pigment announced a $250m Series E at a $2.3bn valuation, while French filings show 298.1m shares across eight classes and no investor allocation yet.
Biogeen Bought Pliening’s Biogas Plant From an Insolvency Estate
Biogeen acquired the Pliening biomethane plant from an insolvent operating KG, retaining six jobs while creditors remain exposed to estate recovery.
HyLight’s €13m Series A followed a 36,000-share debt-to-equity reset
French filings show HyLight converted creditor claims into 50,000 shares before its €13m Series A, changing the financing risk visible to new investors.
Nouscom’s €120m Series D Was a Two-Step Capital Stack
Nouscom’s €120m Series D followed a 245,428-share conditional-capital block and a smaller D-preferred issue, changing how dilution is read in practice.
Rezzil’s $10m Round Met a 19,300-Share Parent Option
Rezzil’s $10m growth round sits beside parent-level allotments, a 19,300-share option authority and an unresolved strike-off notice for Exar.Live.
OMass’ $310m Series C Added a £40m C-1 Preference Layer
OMass’s $310m Series C included a £1 deferred-share cancellation and a £40m Series C-1 issue with priority rights, exposing a new downside layer.
Salience Labs’ $125m Series B Was Split Across 23 Allotment Lines
Salience Labs’ $125m Series B spans 23 UK allotment lines worth about £125m, while Oxford Science Enterprises left the PSC record before the issue.
Sosteneo's €450m Fund II Headline Blends Commitments and Co-Investment
Sosteneo says Fund II has more than €450m in total commitments, but its first close includes co-investment capital; the Luxembourg RAIF and AIFM are clear.
Nauta's €60m Fund VI Close Sits Above a £2.25m UK Manager
Nauta’s €60m Fund VI first close sits at fund level, while its UK manager reports £2.25m of service revenue, £161,189 cash and a £767,578 parent debtor.
Undecimal's $18m Seed Leaves Its UK Equity Issuer Unmapped
Undecimal launched with an oversubscribed $18m seed, but its UK filings show no post-launch allotment, a ceased founder PSC and an HSBC bank charge.
Epyr's €15m Series A Added a Ratchet-Bearing Capital Stack
Epyr's €15m Series A added ratchet-bearing ABSA A shares and options after a €702k 2025 loss, while French filings keep prices and allocations redacted.
Microbiotica's £36m Series C Added a Senior Preference Layer
Microbiotica's £36m Series C added 16.8m shares, including senior C1 and C2 classes, while the filing leaves subscribers and full cash reconciliation unresolved.
Gaius' €50m Fund Changed Its Registered Limited-Partner Layer
Gaius' €50m succession fund moved its registered limited-partner layer into carry and team vehicles, while the €200 liability is not fund capital.
Hynamics’ Hy24 Sale Follows a €79m Capital Reset
Before EDF agreed to sell Hynamics to Hy24, the hydrogen subsidiary reset €79.5m of capital, took €21m more and simplified its group structure.
Dougs' €50m Round Hid a €185m Holdco Reorganization
Dougs' €50m AI round also rolled €185m of existing shares into a new Holdco, issued a redacted preference class and funded employee liquidity.
Duralex's Rescue Also Ends Its Employee-Controlled SCOP
Duralex's €16m rescue keeps 155 jobs but replaces a worker-controlled SCOP, shifting control to Tomé and public-backed private capital in a court-selected rescue.
Ubitium’s $14m Seed Rebalanced the Syndicate Around a 51.69% Legacy Block
Ubitium’s $14m seed left its unchanged 25,000-share block at 51.69%, while Ibex became the largest new legal holder in the August 2026 register.
Matter Machine's £4m Round Changed Founder Control At Launch
Matter Machine's £4m pre-Series A took a one-share founder company to 808,300 shares, cut the founder's PSC band and installed institutional governance.
CarbonFarm's €7m Series A Left a Two-Tranche Equity Trail
CarbonFarm's €7m Series A left two 2026 equity tranches and €3,904.96 of capital, but public acts do not map named investors to legal positions.
1KOMMA5°'s €70m Round Arrived With a Founder-to-G2VP Share Transfer
1KOMMA5° announced €70m at a $1.35bn valuation, but its latest Hamburg shareholder list still shows €74,911 capital and a 300-share founder transfer.
Stryker's CMR Surgical Bet Arrived Before Its Preferred Stack Moved
Stryker announced a $400m preferred investment in CMR Surgical, but the same-day filing recorded only 268 ordinary shares and unchanged preferred ranking.
Circula Reached Personio After a Six-Year Capital Ladder, but Sale Economics Stay Hidden
Circula reached Personio after six years of filed capital increases, but the public register still does not show who held or monetized the sale.
WhiteLab's $26m Series B Followed a Parent-Debt Share Conversion
WhiteLab's French SAS was still wholly controlled by its Delaware parent after a 28,669-share debt conversion when the $26m Series B was announced.
KmB's Mutares Control Chain Was Still Intact When Insolvency Hit
KmB moved from EMAG and Scherer to Mutares' wholly owned FERRAL vehicle before its October 2026 provisional insolvency, clarifying who sat above the risk.
Graduate Ventures' €125m Fund II Sits in a Dutch Cooperative
Graduate Ventures' €125m Fund II maps to a Dutch cooperative beside separate manager and seed-capital companies, clarifying structure without LP economics.
Sava's $36m Round Meets an Existing All-Assets Security Package
Sava's $36m Series B is led by Ascensia, but an outstanding Companies House charge gives a security agent fixed and floating claims over the business.
Reverion's $175m Round Rebuilt the Ownership Map Before the Factory
Reverion's $175m Series B added 20,597 nominal shares, introduced new investment vehicles and diluted founder holdings to roughly 8-10% each.
Sensible’s $47m Package Meets a UK Operating Company With £100 of Share Capital
Sensible’s $47m package combines equity and non-dilutive support, while its UK operating company still reports £100 of share capital in its latest accounts.
Forbion's €2.3bn Close Has a Visible $1.014bn US Split
Forbion's €2.3bn close spans growth and venture vehicles; SEC filings show $1.014bn sold across 37 investors, not one pool, with no LP allocation published.
Universal Quantum's $100m Round Entered a Negotiated Preference Stack
Universal Quantum's $100m Series A met existing preference, anti-dilution and participation rights, while post-round ownership remains undisclosed.
Gaia Fertility Moved From VC Share Classes to One Parent Shareholder
Gaia Fertility's UK register moved from VC preference classes to 920,689 ordinary shares held by Gaia Family Inc, while founder Nader Alsalim remains an active PSC.
Noah’s $16m Extension Leaves the UK Capital Stack Nearly Unchanged
Noah’s $16m seed extension added only 3,150 visible UK shares, while two corporate ordinary blocks still anchor its UK capital stack and control records.
Namespace’s $42m Series B Puts the Swiss Subsidiary in Context
Namespace’s $42m Series B was announced for Namespace Labs Inc, while Swiss filings show a wholly owned subsidiary and a parent-level financing perimeter.
ReGuest Trades Most of Servecloud Equity for a 6% Convertible Loan
ReGuest cut its Servecloud stake from 30% to 3%, took €0.5m cash and a €2.5m 6% convertible loan, shifting most equity risk into credit over three years.
Hadrian's $40m Round Leaves a 399,057-Option Question at the Dutch Parent
Hadrian's $40m round sits at a Dutch parent while UK accounts show 399,057 outstanding employee options, exposing a future-value claim absent from the announcement.
Wiener Börse's 80% North Data Deal Was an Existing-Share Transfer
North Data's latest shareholder list shows Wiener Börse took 80% through existing shares, while founder Frank Debatin kept 20% and two 30% blocks exited.
Apheon's Hager & Meisinger Deal Meets an Unchanged 50/50 Operating Register
Apheon announced a majority stake in Hager & Meisinger, but the latest operating-company filing still shows two family holding companies at 50/50.
Wiremind's €35m Round Meets a Filed Founder-Control Architecture
Wiremind's €35m first financing says founders keep control. June statutes show how voting seats and quorum rules make that claim legally meaningful.
VoltR's €22m Industrial Push Follows a Documented Capital Repair
VoltR's €22m industrialisation package follows a 2025 capital repair: an emergency €400,002.76 issue, a rejected dissolution vote and a founder SPV.
Raynet's Main Deal Ends a Four-Step Control Chain
Main's Raynet deal follows a four-step legal control chain from founders to rayASSETS, Rebella 3 and Raynet Holding, while 2026 seller details remain open.
Procuros's €20m Series A Has a 578-Share Founder-to-btov Footprint
Procuros announced a €20m Series A, but its 5 October shareholder list still records 39,676 shares and a 578-share transfer from its two founders to btov.
Spiko's $90m Series B Has Two Capital Layers Investors Need to Separate
Spiko says NEA led a $90m Series B. French filings show a €5m parent subscription into the regulated company and a separate ratchet-linked financing stack above it.
Joe AI's €2m Round Added a Protected 31,008-Share Block
Joe AI's €2m round reserved 31,008 ABSA shares and matching ratchet warrants for one unnamed subscriber, while Épopée gained a strategic seat in governance.
Osavul's €8.5m Series A Put a Luxembourg Parent Above Its Ukrainian Operating Company
Osavul's €8.5m Series A followed a Luxembourg holdco formation, a 100% Ukrainian operating-company contribution and pre-written investor protections.
Sofinnova's €82m MD Start IV Fund Uses A €20,000 French UP Wrapper
Sofinnova's €82m MD Start IV fund is managed through a French UP vehicle with €20,000 of capital and one €10,000 SLP share, not an €82m balance sheet.
ECIIF's €10m Guarantee Covers Loans, Not Its Equity Risk
ECIIF II closed €21.45m toward an €80m target, but its €10m InvestEU guarantee protects qualifying loans, not the fund's equity investments.
Kuro's €10m Round Has A Visible Shareholder Map
Kuro announced a €10m UVC-led round, while its May register filing maps UVC, Foundamental, Realyze and helloworld holdings without revealing cash terms.
Headline's $400m Fund Is Real. Its Manager Map Is Not Yet Singular
Headline's $400m EU VIII is an active Luxembourg AIF, but CSSF and CNMV records map it to two AIFM relationships while LP economics remain undisclosed.
Foundational's £8.2m Pre-Seed Put Preferred Shares Ahead of Founders
Foundational's £8.2m pre-seed left 480,827 preferred shares ahead of founder ordinary stock, revealing the priority stack behind its satellite-laser launch.
Titanbay's Luxembourg platform predates LFDE's €1,000 ELTIF launch
Titanbay's Luxembourg SICAV was formed months before LFDE's €1,000 ELTIF launch, putting a legal platform behind the public private-markets partnership.
DeepSlate's €7.7m seed left founders at 55.76% in the latest list
DeepSlate's €7.7m seed put 42CAP at 16.94%; the latest register list shows Alstin at 11.27% after 384 founder shares moved, leaving founders at 55.76%.
DIG's $120m Fund III Was Built Beside a New UK Investment Vehicle
DIG's $120m Fund III launched beside a new UK company whose sole shareholder is the Guernsey fund LP, while its older adviser reported £988,744 due after one year.
Inbolt's €11m Round Put Voting Control on a Separate Track
Inbolt's €11m round came with only 1,700 net new shares, 65,495 non-voting shares and a BNP-specific 4.99% voting threshold in its statutes.
Everything Technologies' Liquidation Turns £1.74m Capital Into an IP Recovery Test
Everything Technologies is selling software after a CVL. Filings show £1,743,805 of called-up capital, £1,494 cash realization and uncertain IP value.
Mallow's €11m Launch Sits on Ratchet-Linked Seed Shares
Mallow's €11m launch follows two Seed tranches with BSA Ratchet warrants, exposing a protected capital layer and possible future ordinary dilution for investors.
Restate’s $20m Series A Meets a 79.552% Delaware Parent Stake
Restate's $20m Series A follows a German register snapshot where Delaware parent Restate Software held 79.552%, leaving the round's operating-company cap table unproven.
NEURA's Bosch Shuttle Deal Lands on a Newly Syndicated Capital Base
NEURA's Bosch Shuttle deal adds a proven logistics platform to a company whose 2026 register widened around five new vehicles while Bosch held 0.11% nominal equity.
Project Ventures’ £5m Fund Splits General-Partner Vote From Carry
Project Ventures’ £5m fund gives Infra One 75%+ voting rights in the general partner while Project Ventures Consulting holds 75%+ of surplus assets.
Reactive Technologies’ €19m EIB Debt Meets a £25m Preference Stack
Reactive Technologies’ €19m EIB debt is non-dilutive, but filings show £25m of Series D preference rights and an HSBC charge over IP and assets.
Trigify’s HubSpot Exit Left 2,149 B Shares Unexplained
Trigify said its team was joining HubSpot. Companies House filings show fund:AI’s 5.68% A-share position and 2,149 non-voting B shares issued on 23 September.
StandardX's £10m Seed Round Put Two Preferred Classes Ahead of Ordinary Shares
StandardX announced a £10m isotope seed. Companies House filings show £9.81m of priced allotments, senior preferred rights and a pre-round funding gap.
Mistral’s Pimento Deal Swaps 51.7% of the Startup Into Mistral Shares
Mistral’s Pimento acquisition includes a filed swap of 693,056 shares for 244,786 Mistral shares, while the cash leg and sellers remain unnamed.
Syte’s €9m Series A Gave amberra and NRW.BANK Equal 7.02% Blocks
syte’s €9m Series A gave amberra and NRW.BANK equal 7.02% nominal blocks, while founder vehicles still held 30.8% in the latest filed ownership list.
Integral's €18m Series A Left Founder Vehicles at 43.4%
Integral's €18m Series A left founder-linked vehicles at 43.4%, while a GC vehicle held 18.9% and Mosaic's two vehicles held 7.6% nominally.
Chemify’s £22m Grant Package Followed a £51.86m Equity Build-Up
Chemify’s £22m grant package followed £51.86m of cash-paid B/B1 allotments, a founder PSC cessation and a board swap that filings leave partly unresolved.
Basecamp’s $140m Series C Put a Preference Waterfall Behind the Headline
Basecamp’s $140m Series C was filed in staged C1 and C2 allotments with a 1x preference priority, a pre-emption waiver and no public allocation by investor.
Mika's €6m Seed Put 79.7% of New Shares in New Hands
Mika's €6m seed created 16,672 shares: 79.7% went to new holders, Smedvig entered at 14.16%, and a founder-linked vehicle fell to 31.46% on file.
Ryft's £20m Series B Package Included £5m of Secondary Liquidity
Ryft's £20m Series B documents show £18.25m of new subscriptions, a £1.75m loan conversion and £4.97m of secondary liquidity for early holders.
Hackuity's $19m Round Carries a 243,860-Share Ratchet
Hackuity's $19m round includes a €7m cash tranche, a bond conversion and a ratchet ceiling that could add 243,860 shares to the capital structure.
Chift's €10.5m Series A Arrived After a Return to Profit
Chift's €10.5m Series A followed a 2025 return to profit, a positive gross-margin swing and a larger team, while ownership terms remain undisclosed.
Kaiko's $110m Round Arrived With a €35.5m Share-Funded Roll-Up
Kaiko's $110m strategic round arrived beside €35.5m of share-funded acquisitions, issuing 553,134 shares while investor allocations remain undisclosed.
Ontinue Sale Follows Quorum's £93.8m Topco Equity and £27m Debt
EQT is selling Ontinue to Quorum, while filings show a 2024 sponsor control transfer, £93.8m of topco equity and £27m of secured debt behind the platform.
Depotcharge's €2.7m Pre-Seed Still Leaves Evolve Energy 50/50
Depotcharge announced a €2.7m pre-seed, but Evolve Energy's latest register still shows founder vehicles owning 50% each with no investor allotment visible.
Open Cosmos' Founder Held About 41% Before Its €300m Round
Open Cosmos' €300m round sits above a register where founder Rafael Jorda held about 41% of stated capital and preferred shares ranked ahead of ordinary.
Claret's €575m Fund IV Close Sits Beside a £4.46m Profit Jump
Claret's €575m close expanded lending capacity, while UK filings show £4.46m manager profit, £1.31m ordinary dividends and a €6.7m commitment.
Campagnolo Opens Its First Outside Stake While the Family Keeps Control
Campagnolo announced that SPAC SA will acquire a minority stake while the family keeps control; price, size and primary funding effect remain undisclosed.
Limetax’s €36m Roll-Up Sits Beside a Regulated Auditor Parent and a Separate HQ
Limetax announced €36m for a tax-firm roll-up. German filings show a €25,000 regulated auditor owning a separate €25,000 HQ entity; the borrower remains unidentified.
Olenbee’s €7m Round Follows €2.82m of Priced Equity and Share-Convertible Debt
Olenbee announced a €7m round after French filings recorded €2.82m of priced share issues and €475k of obligations converted into 22,568 shares, without naming holders.
CVC DIF Takes firstcolo Majority as Frankfurt Power Becomes the Asset
CVC DIF agreed to buy a significant firstcolo majority from CUBE, keeping founders in place while a 24 MW FRA7 build anchors the next growth phase.
Cloover's $100m Facility Tests Whether Financing Capacity Can Become a Virtual Power Plant
Cloover says a $100m facility lifts financing capacity above $1.3bn as it scales a virtual power plant, but the debt is not a new equity round.
BIOWEG's €30m Series A Mixes Rabo Equity With a €10.3m Grant
BIOWEG’s €30m Series A combines Rabo equity with €10.3m of NRW-linked grant funding, while its register shows Rabo Ventures B.V. at 5.16% in new shares.
Arlequin's €28m Series A Follows a 31% Seed Issuance With Ratchet Protection
Arlequin's €28m Series A follows a 31% seed issuance with ratchet protection and a 279,500-BSPCE capacity, while price and new stakes remain undisclosed.
Fundcraft's €12m Growth Financing Sat Beside a €1.24m Internal Capital Conversion
Fundcraft announced €12m of group growth financing while its French AIFM converted €1.24m of shareholder debt into capital without a cash remittance.
Ethris's €30m EIB Debt Followed a 2.7% Gates Equity Step
Ethris secured €30m of EIB venture debt after a 2,723-share Gates Foundation capital increase diluted existing holders by about 2.7% in the latest July list.
Adaptyv's $40m Series A Sits Above a Parent-Owned Swiss Lab
Adaptyv announced a $40m Series A, while its Swiss Sàrl record shows a US-parent-owned launch and no public post-round investor split or dilution map.
CloudNC’s $20m announcement sits beside a voting preferred-share filing
CloudNC announced $20m, while its latest SH01 records 44.9m voting Series B shares with priority economics, no named allottees and no direct currency match.
FRYTE’s €3.5m seed leaves founders at 52.74%
FRYTE’s €3.5m seed sits beside a 43.89% share issue: founders fell from 94% to 52.74%, while 4impact and Rethink hold 21.88%. The legal list does not price the round.
Allogenetics’ €3.8m Round Sits Beside NBank’s 5.78% to 17.32% Shift
Allogenetics’ €3.8m Pre-Series A coincided with NBank Capital rising from 5.78% to 17.32% and the founder falling to 23.05%. The register shows dilution, not price.
The Exploration Company’s $450m Series C Is Not Yet Visible in Its German Parent Register
The Exploration Company announced a $450m Series C, but its latest German parent shareholder list still shows €194,197 of capital and no new round entry.
Ground A's €9.1m pre-seed leaves each founder at 22.75%
Ground A's €9.1m pre-seed created 31.75% of new shares, leaving each founder vehicle at 22.75% and Vsquared Ventures III at 14.17% in the latest register.
Atira's $17.5m raise leaves a 58.54% founder block visible
Atira's $17.5m funding headline maps to 16.92% across three Accel funds, while founder vehicles retain 58.54% of the latest visible register today.
r3leaf's 50% Founder Block Moved Before Its Insolvency
r3leaf's shareholder list records a 50% founder block assignment before insolvency, while the public sale process leaves the recipient and price undisclosed.
IFX Technologies Rebuilt Intelligent Fluids' Ownership Perimeter
IFX Technologies emerged from intelligent fluids' restructuring with a €30,096 capital base and a new 33.33% Heing SPV stake, not the old investor map.
HyImpulse's €50m Round Lands on a 76.43% Holding Block
HyImpulse's €50m financing meets a register where HylImpulse Holding and Schwarz Holding held 76.43% before the round, leaving post-round control unresolved.
Deskcenter’s Software Survived in Mosaic IT After the Rescue Failed
Mosaic IT bought Deskcenter’s software, code, brands and domains after investor financing failed, while 41 jobs disappeared and creditor recovery stayed undisclosed.
Mustard Seed's €150m First Close Is Already a Deployment Vehicle
Mustard Seed + Partners says nearly €150m is closed and €55m is deployed, but public records still leave LP commitments and fund control unallocated.
E2D's €500m Defence-Fund Target Has a Luxembourg Vehicle, Not a Public LP Ledger
E2D’s €500m defence-fund target now has a Luxembourg vehicle, an IQ EQ AIFM and a July first close, but LP commitments and allocation control remain undisclosed.
Phantasma’s €2.6m Round Makes Factory Access Visible Before Control
Phantasma Labs says Jet supplied €2.1m of a €2.6m round, while its last shareholder list shows founder transfers and a 37.72% outside block.
Skylance’s €500k NRW.BANK Round Turns Debt Into a Control Question
NRW.BANK is putting €500,000 into Skylance through debt conversion and fresh capital, while the last known register remains founder-owned 50/25/25.
Aibly's IP Sale Follows a £467,430 Share-Funding Cycle
Aibly's liquidators are selling its AI compliance IP after £467,430 of cash-paid allotments, a satisfied bank charge and £120,234 of net liabilities.
Pollmann's Restructuring Is Concentrated in Three Austrian Entities
Pollmann put three Austrian entities into restructuring while foreign subsidiaries and Maxxom continue, making it an entity-ring-fenced reset for the auto supplier.
Foundever's Debt Rescue Gave Participating Lenders 40% of Equity
Foundever cut nearly $900m of debt, while S&P says participating lenders received 40% of equity and existing owners invested $225m as maturities moved to 2030 and 2031.
Octave's €10m Series A Followed Years of SPDG Governance
Octave's €10m Series A followed years of SPDG board representation and a new Quintin Tech director, so the round was not a blank governance slate.
WAD Capital's €130m Fund Separates Search From Acquisition
WAD Capital's €130m debut fund has two dated Belgian vehicles: Seed Fund I for search and Invest Fund I for acquisitions, with EIF anchoring its first close.
Uplift Ventures’ €100m Fund Is A Layered Jungheinrich Platform
Uplift Ventures’ €100m fund sits inside a Jungheinrich-backed platform with separate GP, management and partner vehicles, not one undifferentiated pool.
Ore Energy Paired a $43m Round With a 1 GWh Deployment Agreement
Ore Energy paired a $43m Series A with a 1 GWh Budget Thuis agreement, moving iron-air storage from pilot evidence toward factory-scale delivery.
INLEAP’s €20m Funding Headline Was Cumulative; Founders Held 80% in the 2025 List
INLEAP says it has raised about €20m since founding, while its latest filed shareholder list shows founder holding companies with 80% and outside holders with 20%.
Advanced Electric Machines’ £16m Funding Is a Parent-Level Equity and Debt Stack
AEM's £16m funding headline combines parent-level preferred equity with government-backed debt secured over the operating company's IP, receivables and assets.
HyImpulse's €50m Series A Turns Rocket Sovereignty Into a Public-Private Risk Bet
HyImpulse's €50m Series A extension pairs public and private capital with a €350m order book, but filings do not yet show who bears the new equity risk.
Nscale's $3bn AI Debt Sits on a New Holding-Company Security Stack
Nscale's $3bn AI-data-centre facilities follow a holding-company roll-up, a $3.695bn premium reset and GLAS charges over parent and Arkon equity.
ENGO's €5.1m Round Added Nearly Half Its Voting Shares
ENGO's €5.1m round nearly doubled its voting base, with 641,254 new ordinary shares placing investors close to parity with the MICROOLED spin-out founders.
xorlab's €5m Series A+ Follows A Staged Swiss Capital Programme
xorlab's €5m Series A+ followed a 43.4% 2021 and 20.0% 2026 issued-capital rise, while Swiss filings do not identify investors or dilution yet.
Auxxo's €33.3m Fund Close Shows Why LP Count Is Not Capital Control
Auxxo's €33.3m Female Catalyst Fund II closed after staged LP entries, but Berlin filings show nominal Haftsumme is not a map of capital or control.
Lowell's Recapitalisation Offers Creditors the New Parent as Orlando Takes DACH
Lowell's 2026 reset offers creditors conditional new-parent equity while Orlando buys its DACH platform, linking debt relief to a cross-border carve-out.
Nexeon's £100m Round Added Capital Around an Existing KDB Stake
Nexeon's £100m investment round added capital around an existing KDB preference stake, while staged allotments leave the latest recipients unnamed in filings.
EQT Bought Coller's Manager and Carry Rights, Not Its Fund Assets
EQT's $3.2bn Coller deal buys management and GP entities plus carry rights, while Companies House shows the UK operating manager rather than fund assets.
Pixelgen's SEK150m Series B Puts a 26.7% Cheque Behind New Board Seats
Pixelgen's SEK150m Series B includes Flat Capital's SEK40m cheque and two new directors, but Swedish public records do not yet show the post-round ownership split.
ColibriTD's €4m Seed Builds on an Earlybird-Heavy 2023 Share Issue
ColibriTD's €4m seed follows a 2023 issue where Earlybird Uni-X took 6,293 of 6,714 shares, while founders held 80.4% before the new round closed.
Breedr's $27m Series B Did Not Add Shares to Its UK Operating Company
Breedr announced a $27m Series B, but BREEDR LIMITED's latest UK filed accounts show unchanged capital, £32.6k cash and £2.5m net liabilities.
Seqens's Lender-to-Owner Reset Exposes a €930m Acquisition Debt Stack
Seqens says senior lenders will become shareholders, while filings show Sirona BidCo carried €930m of term debt, €29k cash and a €62m dividend.
Boldr's $5m Pre-Series A Meets a Dormant 100-Share UK Company
Boldr announced a $5m pre-Series A, but BOLDR LTD's latest UK accounts remain dormant with 100 ordinary shares, leaving the funded entity unresolved.
Ponda's £1.422m Crowd Round Added Preference Capital, Not a Governance Bloc
Ponda's £1.422m Republic round added 249 investors to SALTYCO's Series Seed class, but filings and custodian terms do not document a retail governance bloc.
Revier’s €6m Seed Left Legacy Holders With 57.6% While New Investors Built a 29.9% Block
Revier’s €6m seed financing left a 57.6% legacy share block in place, while KHAN II and Revier Invest held 29.9% of the latest 43,428-share register.
MAASH's €12.15m Package Is a Governed Industrial Restart, Not Just a Startup Round
MAASH's €12.15m package combines €5.85m equity, €4.3m public support and a €2m loan, with new board representation before mycoprotein scale-up.
Stability AI's $76m Round Leaves Its UK Operator Reliant on the Parent
Stability AI's $76m strategic round follows a parent-level control shift, while 2024 accounts show a loss-making UK operator owing its parent $69.71m.
Lupin Dental's €15m Round Turned Old Claims Into Equity at a 28% Lower Issue Price
Lupin Dental’s €15m round issued 19.75% new shares, settled €3.37m of claims by setoff, priced them 28% below prior issues and created a Strategic Committee.
BOOKR's €6.1m Series A Is a Mixed Transaction, Not Just New Growth Capital
BOOKR says its €6.1m Series A combines primary funding, secondary share purchases and converted instruments, so the headline is not all new cash.
Enpulsion's Lift Me Off Deal Exposes A Funding-Dependent Handover
Enpulsion's Lift Me Off deal coincided with a founder exit, buyer-side appointment and accounts warning that funding and sale completion still mattered.
Oakley's Graphwise Majority Deal Was a Merged-Group Sale, Not a Vienna Startup Exit
Oakley bought a majority of Graphwise after Ontotext absorbed Vienna's Semantic Web Company, putting the merged group, not one startup, at the deal's centre.
Certain Energy's £10m Series A Ended Ceres' Registered Control of RFC Power
Certain Energy's £10m Series A reset RFC Power's register: Ceres moved below the PSC threshold as British Business Investments entered the ownership record.
Deutsche Telekom Agreed to Buy Both Halves of Poland's Fiberhost Split
Deutsche Telekom agreed to buy Fiberhost's open-access network and INEA's retail business, reunited after a 2021 split under one Polish holding chain.
Sonnen's Sale Put 98.33% Of Its Holding Company Into YUMA
Shell sold sonnen to TIVEN, but filings show a new YUMA vehicle held 98.33% of sonnen Holding weeks before the completion statement went public.
Oshen's $5m Round Began Before the Announcement
Oshen's founders held 94.5% before its $5m round, while June resolutions authorised a potential 24.3% share envelope and ratified earlier ASAs.
Valerio's €30m Etherna Deal Is a Capital Reset, Not Just a Platform Buy
Valerio pairs a €30m Etherna acquisition with a €40.25m PIPE, funding a loss-making RNA platform and integration of its Belgian manufacturing base.
RunwayVC's €40m Fund II Sits Behind A NOK30,000 Fund Vehicle
RunwayVC's €40m Fund II is registered as a NOK30,000 alternative-investment vehicle, while a separate five-person manager carries the governance layer.
Polarise Turned A €0.5bn Equity Deal Into A Debt Question
Polarise moved from a proposed SWI majority investment at a €0.5bn valuation to debt financing, shifting the control question to creditor protections.
Flip's €22m Round Left A 10.8% Nominal Equity Signal
Flip's €22m financing followed a €6,115 legal-capital increase, revealing a 10.8% nominal equity signal without exposing investor-level economics.
DORMA-Glas's Asset Deal Was Prepared Before The Rescue Headline
DG Glas's €25,000 successor vehicle and shareholder filings predated DORMA-Glas's rescue announcement, separating operating continuity from creditor recovery.
Gallos' New £35m Round Follows a Filing That Made Lansdowne Its Largest Holder
Gallos' open £35m round follows a filed £9.99m issue that lifted Lansdowne to 29.0% and diluted each founder below the PSC threshold without an evidenced sale.
Callosum's $100m Seed Put 24.1% of the Holdco Into a New Preferred Class
Callosum's $100m seed maps to a filed £57.20m Series Seed 2 issue for 24.1% of its holdco, while Atomico and Plural-linked directors joined the board.
Amber's €7m Series A Put 99.19% of New Shares With Two Institutions
Amber's €7m Series A created 11,113 shares: Ventech and NRW.BANK took 99.19%, lifting their combined holding to 36.09% and diluting three founder vehicles.
Oceanloop's €38.5m Headline Is Mostly a 2024 EIB Facility
Oceanloop's €38.5m financing headline is 83% debt tied to a 2024 EIB facility, while €6.5m equity enters a 22-position roll-up with dilution unresolved.
Tekever's £220m Corvus Award Is 2.92 Times Its 2024 Turnover
The Army's £220m Corvus award is 2.92 times Tekever's 2024 turnover, while the £400m ceiling makes execution risk a private-company issue for suppliers.
SoftBank's $200m Gravis Round Created A 12.63% Series A Class
Gravis's $200m SoftBank round created a Series A class equal to 12.63% of nominal shares and added two board members, not a takeover.
BauWatch's Reported €1bn Sale Sits On A Fully Controlled Haniel Chain
BauWatch's reported €1bn sale follows a four-level Haniel ownership chain, with a domination agreement placing operating control above the share register.
q.beyond Bought 51% of GITG. Its Top Executives Took Two Supervisory Seats
q.beyond bought 51% of GITG and left its operating board intact, but a next-day filing put its top executives in two of three supervisory seats.
OLIX's $312m Round Diluted The Founder Stake Behind The £946m Headline
OLIX's $312m Series B diluted James Dacombe from 38.6% to about 34.1%, while 110,203 growth shares make part of the stake hurdle-dependent.
The Reported $5.4bn ebm-papst Sale Still Runs Through Three Equal Family Legs
Before Madison Air agreed to buy ebm-papst for a reported $5.4bn, the German register still showed three equal family vehicles after a 2025 legal-form reset.
Saputo’s £988m UK Dairy Sale Followed A £21.1m Cash Extraction
Before Lactalis agreed to buy Saputo’s UK dairy business for £988m, filings show a £21.1m parent repayment, £42.7m restructuring and a cleared charge.
Life Couriers Sale Put A Maltese Vehicle At 64% Before Exit
Life Couriers' JLL sale followed a 64.26% indirect Actrax position across three German holding legs, while manager Dieter Kraft held a direct 1.98% stake.
Skye's Redx 'Acquisition' Leaves Legacy Skye Holders With 5.38%
Skye's proposed Redx merger would leave legacy Skye holders with 5.38%, while Redx holders and new financiers control 94.62% and Redx leads the board.
Omilia's $67m Series B Sits Above A Cyprus Holding Company
Omilia raised $67m for global expansion, but the financing sits above a Cyprus parent while the visible Greek operating company reports only local accounts.
VIA Equity's €350m Fund VI Was Authorized Before Its Final Close
VIA Equity's €350m Fund VI was active in Sweden's register seven months before its close, while public disclosures stop short of naming LP commitments.
Plend's £50m Headline Is A Secured Refinancing, Not £50m In Cash
Plend has £20m committed, not £50m in cash. Filings show a first charge over the whole business, a surviving Fair4All lien and junior capital.
Freqcon's €1.7m Rescue Left The PE-Backed Company Behind
Amper paid €1.7m for Freqcon's operating assets, moving jobs into a €25,000 vehicle while the former PE-backed company stayed in insolvency.
Metal Morph's £700k Round Followed A 12-Day Founder Control Reset
Metal Morph raised £700,000 after its 50/50 founder structure changed 12 days after incorporation, leaving one active registered controller in the public record.
Kinematic Trees' £585k Round Coincided With A Board-Control Reset
Kinematic Trees issued 185,714 ordinary shares for £584,999.10, about 15.7% post-money, as a founder's registered majority-board right disappeared.
Agon's $30m Launch Round Used Four Seed Classes And Rewrote Control
Agon's $30m launch round became £23.02m of filed cash across four Seed classes, while founder and investor board rights moved into the articles.
Athora's German Strategy Reversed From A €19bn Expansion To A €3.5bn Sale
Athora agreed to sell its €3.5bn German platform after abandoning a €19bn AXA expansion, reversing a strategy that would have added 900,000 policies.
Hometrack Paid A £29.3m Dividend Before The Providence Sale
Hometrack paid a £29.3m group dividend before Providence's deal, equal to 4.94 times annual profit as reported earnings fell 43% and net assets fell £20.9m.
Harvey Nichols’ Accounts Put Administration Inside The Sale Process
Harvey Nichols was sold from administration after its accounts disclosed administration-contingent bids and a £46.8m swing from net assets to liabilities.
WestBridge Is Buying Beckett After Pre-Tax Profit Roughly Doubled
WestBridge is buying Beckett after filings showed £13.1m of turnover and pre-tax profit roughly doubled across Foresight's acquisition-led build-up.
Mindgard’s $30m Round Followed A Founder Threshold Drop And A US Subsidiary Pledge
Mindgard raised a $30m Series A after its founder fell below the UK PSC threshold and First Citizens took security over its entire US subsidiary.
Resurgens Took Majority Control Of Qarma As Founders Kept 25–40%
Resurgens took majority control of Qarma through two new vehicles while three continuing shareholder vehicles retained a combined registered band of 25–40%.
Vista's Quantios Deal Crosses £92m Of On-Demand Group Liabilities
Vista's Quantios deal crosses £92m of on-demand group payables and registered Jersey-share security created 69 days before the sale announcement.
Cytix's $7m Series A Reset Its Registered Control
Cytix's $7m Series A ended both founders' significant-control status, added Northern Gritstone to the board and followed a £1m convertible bridge.
Entravel's $7.5m Round Funds A Working-Capital Engine
Entravel raised $7.5m after audited accounts showed $548,714 cash, $2.44m of current liabilities, parent support and heavy crypto settlement flows in 2025.
Model ML's UK Company Owed £1.02m To Its Group Before HSBC Invested
Model ML's UK company owed £1.02m to its group and had one parent-owned £1 share before later rounds took the startup's funding above $100m.
Sudolabs' Buyer Vehicle Took 100% Of The Operating Company
Sudolabs' buyer vehicle took 100% of its Slovak operating company, while its former 35/35/30 parent was renamed and the founders stayed managers.
Edgify's New Class Can Turn 16% Of Equity Into 36.5% Of Votes
Edgify's authorised Seed Prime class can represent 16.1% of equity but 36.5% of votes, while Rank and Mangrove receive specific governance rights.
Cycles Lapierre Had €108m Due Within A Year After Its €60m Rescue
Cycles Lapierre reported €108.2m due within one year and €45.7m of negative equity after a €60m rescue, exposing its dependence on Accell funding.
Cambridge Aerospace's $300m Series C Includes A $37m Old-Holder Block
Cambridge Aerospace moved 158,087 founder and early-holder shares into Series C, a block carrying about $37.2m at the filed class reference price.
Public Capital Anchors InsectBiotech's €7.2m Round, But Its Form Is Undisclosed
Public-backed Impacto Andalucía supplies 52.8% of InsectBiotech's €7.2m financing, while the register leaves ownership and repayment terms undisclosed.
Bridgepoint Put £2m Into Eckoh Before Its Quality Xperience Acquisition
Bridgepoint moved £2 million through Eagle UK Bidco into Eckoh three weeks before its undisclosed-price acquisition of Quality Xperience was announced.
Automata France Entered Liquidation With €48.7m Of Customer-Product Liabilities
Automata France entered liquidation after reporting €48.7 million of customer-product liabilities against €13.9 million of cash and crypto in 2024.
FNZ Built A €3bn Custody Bank Before Reported Sale Talks
FNZ Bank's reported €400 million-plus sale follows a custody carve-in that produced €3.0 billion of assets and €250.1 million of book equity.
iwoca Funded £14.5m Of Shareholder Liquidity Before A Possible Sale
Before a possible £1 billion sale, iwoca funded about £14.5 million of shareholder purchases while Series D ranked first in the visible exit waterfall.
10x Banking's £40m Arrived After A Convertible Note Matured
10x Banking raised £40 million after a £25 million convertible note matured, leaving the old note, a 15% warrant and founder control terms unresolved.
Naked Energy's £8.875m Round Followed A Funding Warning
Great British Energy invested £7.5 million after Naked Energy disclosed unfinished funding, while a 2x Series B preference protected incumbent capital.
Chargepoly's €23m Round Followed Capital Loss At Its Stations Unit
Chargepoly raised €23 million after its wholly owned stations vehicle fell below half its capital, shifting existing deployment risk to new investors.
Apollo's easyJet Deal Puts A 1.5x Floor Below A Sub-50% Stake
easyJet's proposed private structure caps Apollo below 50% of ordinary shares but adds a 14% to 17% preference, a 1.5x floor and consent rights.
FuVeX's Public Investor Secured A Discount Before Its €3m Round
Before FuVeX announced a €3 million round, Navarra's public investor had secured a €500,000 convertible with a 20% or 30% round discount schedule.
Neuraspace Secured €15.6m With €14.39m Of State Funding Undisbursed
Neuraspace secured €15.6 million while Portugal's register showed €14.39 million of awarded project funding still undisbursed, exposing a liquidity timing gap.
Wordsmith's $114m Funding Sits Above A £1 UK Subsidiary
Wordsmith AI has announced $114 million of funding above a one-share UK subsidiary, while Ross McNairn's latest register state preserves founder control rights.
The Public Investors Behind White Star Capital Fund IV
White Star Capital's $250 million Fund IV spans France, Quebec and Guernsey, with Aéroports de Paris and La Caisse named as investors in public filings.
Volta's $300m Raise Had A 30.5x Nominal Share-Price Ladder
Volta's $300m raise hid a 30.5x nominal price ladder from $58 Seed shares to $1,769.91 Series A stock, plus preferred rights and $2m of debt set-off.
Spain Puts €1.019bn Behind An AI Gigafactory With A Private Majority
Spain's AI gigafactory company is 51.01% privately held while €719m enters through SETT and another €300m supports EuroHPC infrastructure outside its cap table.
Frank Hummel and Vestas Were SOWITEC's Last Visible Owners
The latest visible SOWITEC owner list showed Frank Hummel at 74.91% and Vestas' vehicle at 25.09% when four core group companies entered insolvency.
Headline Bought Porsche's cylib Stake Before the EU Scale-Up Selection
Headline bought Porsche's full 5.83% cylib stake four months before the EIC selected cylib for a conditional equity anchor of its next major round.
9fin Authorised 139,527 Shares for Its Employee Secondary
9fin authorised 139,527 existing shares for its employee secondary, implying £7.45m at the Series C price before conversion into preferred stock.
Highland Europe's €1.1bn Fund Has 95 Beneficial Owners
Highland Europe's €1.1bn Fund VI has 95 beneficial owners, with 81% non-US ownership and only 6% attributed to funds of funds in its official filing.
Qureight's $20m Round Sat Above Preferred Equity and HSBC Security
Qureight's $20m Series B followed a £2m senior C1 issue and four HSBC security filings, placing lenders and preferred capital ahead of older equity.
iwoca's £250m Facility Sits Behind an Orphan Issuer
iwoca's £250m facility is built around two new companies: an issuer whose formal control and insolvency decisions sit outside the operating company.
PadelCity's €20m Deal Followed A 5.64% Insider Transfer
PadelCity's €20m deal mixed €12m of fresh capital with €8m of secondary shares after a Schadeberg family vehicle bought 5.64% from key insiders.
Dwelly's $170m Round Mixed Founder Liquidity With Secured Debt
Dwelly's filings show £44.3m of new Series B cash, 19,406 founder shares sold to EQT and General Catalyst, and Trinity secured across the business.
Friendsurance's Founder Raised His Stake Before The Cover Genius Exit
Before Cover Genius bought Friendsurance, founder Tim Kunde increased his stake from 8.03% to 11.11%, while Hevella entered the exit with 54.03%.
Nuggit's £5m Creator Fund Buys A Slice Of Future YouTube Revenue
Nuggit advances cash against future YouTube income, while filings show how creator revenue rights can become licence assets financed with long-term debt.
Inforcer Doubled Its Implied Valuation As Old Shares Entered Series C
Inforcer's filed Series C nearly doubled its implied value in nine months, while one-third of the preferred class came from existing ordinary shares.
Nalvin Entered Liquidation 48 Days Before Lovable Acquired Its Team
Version Lens Sweden entered liquidation 48 days before Lovable acquired the Nalvin team, separating the talent deal from the venture-backed company.
CuspAI's Founders Held 32.61% Before The $450m Series B
CuspAI's founders held 32.61% before its $450m Series B, while UK sovereign capital entered a company whose post-round ownership is not yet public.
Perceptual Robotics' Senior D Class Now Holds 69% Of Shares
Perceptual Robotics paired about £2.1m of preferred equity with public support, while its senior D class now represents 69% of issued shares.
ZuriQ's $25.5m Seed Created A 28.6% Preferred Block
ZuriQ's $25.5m seed closed legally in May, creating a 28.6% preferred block and adding a Quantonation-linked director before its July reveal.
ecoLocked's Lead Investors Doubled Their Stakes Before Insolvency Proceedings
Matterwave and Climentum doubled their ecoLocked share counts in a 2025 issue, concentrating investor exposure before preliminary insolvency proceedings.
Wexler's Founders Held 54%, But £4.66m Ranked First
Legora bought a Wexler that was 54% founder-owned on its last visible share count, but £4.66m of seed preference ranked ahead of ordinary shares.
Greyparrot's Series B Shifts A Sub-£120m Sale Shortfall To Founders
Greyparrot's filed terms protect Series B as if a founder-led sale valued the company at £120m, with any shortfall deducted from founder proceeds.
Modo Energy Put Its Brands Behind $17m Of Venture Debt
Modo Energy called CIBC's $17m package growth funding. UK charges show fixed and floating security over its business and two core trademarks.
Risk Ledger's £24m Round Put Axiom Ahead Of Its Founder
UK filings show Axiom became Risk Ledger's largest individual shareholder as £18.5m of cash allotments trailed the announced £24m Series B headline.
VMG Took 50% Of Voodin As Its €48m EU Project Began
German shareholder lists show VMG Green took 50% of Voodin as related VMG companies joined the consortium running a €48.18m EU-backed blade factory.
Ominimo's Polish Expansion Lost PLN 415,000 In 2025
Ominimo says Hungary has been profitable since launch, while its first Polish accounts show a PLN 415,000 loss, negative equity and liabilities above assets.
Spain Put Its Monitoring Director On Multiverse's Board
Spain committed up to €166.2m to Multiverse Computing across two rounds and placed a SETT monitoring director on its board before the €500m raise.
Nuclear Turbines Founders Held 57.6% Before £15m Reveal
Nuclear Turbines announced £15m, while its latest register shows founders at 57.6%, IQ Capital at 15.4% and about £6.2m of cash equity filed.
QUICKBLOCK's £940k Funding Was Also A Recapitalisation
QUICKBLOCK raised £940,000 after reporting £534,213 of net liabilities. Filings map £638,571 to equity, leaving about £301,429 as implied grants.
Ossprey's Pre-Seed Closed Seven Months Before Announcement
Ossprey's $2.65m pre-seed announcement followed a December share issue that gave investors 25.4% and preference rights while founders retained 68.5%.
Rail Europe's Parent Had Negative Equity Before Omio Deal
Rail Europe's parent reported negative equity and its operating company lost €6.27m before Omio's proposed acquisition, putting price and debt at the centre.
Street Group's Founders Held 92.8% Before Hg's £200m Deal
Street Group's founders held 92.8% before Hg's deal valued the company above £200m, mapping to more than £185m of paper value at 12.5 times 2025 revenue.
TidalSense's £14.2m Financing Put 71% First In Line
TidalSense's visible £10.31m equity put 70.9% of issued shares in the class paid first, while £3.89m of the £14.2m headline remains unmapped.
Moa Technology's £22.2m Round Put £44.4m First In Line
Moa Technology's £22.2m Series C created 46.4% of its issued shares and a roughly £44.4m first claim after accounts warned the round was essential.
Bruker Bought Noscendo's Software, Not The Venture-Backed Company
After nearly €40m of venture funding, Noscendo entered insolvency. Bruker acquired DISQVER, patents and selected staff while the laboratory closed.
Salesforce Raised Its SPREAD Stake Through A Founder Secondary
German shareholder lists show Salesforce acquired 612 existing SPREAD shares from two founder vehicles, raising its stake from 5.5% to 6.7% without new capital.
Lightning Reach's Sale Replaced Founder Control And Flattened Its Share Stack
UK filings show Lightning Reach's founder lost control on 1 July as a buyer took at least 75% of rights and converted 256,163 shares into one ordinary class.
Humanoid's $152m Round Recapitalises A Business With £50.5m Of Founder Loans
Humanoid raised $152m after ending 2025 with £43.5m of net liabilities and £50.5m in founder loans, while its founder appeared to retain 53% of ordinary shares.
Mistral's Koyeb Acquisition Split A €27.8m Exit Between Cash And Shares
A French contribution report values Koyeb at about €27.8m and shows 36% of its shares rolled into Mistral, splitting liquidity from future upside.
PaperShell's €40m EU Grant Leaves A €43m Financing Test
PaperShell's signed 2025 annual report links an €83m factory and €40m EU grant to a planned IPO, while private capital must still fund roughly half.
FINN's €140m Round Shows The Financing Stack Behind A Mobility Unicorn
FINN's 2025 shareholder lists show a 17.2% wider share base, Planet First's 18.8% block and a new Picus vehicle before the €140m Series D round.
Neura Became Huayan's Largest Customer After A €10m Exit
German and Chinese filings trace Neura Robotics from Huayan-linked ownership to a €10m exit and later identify Neura as Huayan's largest customer.