Financing Structures

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 followed a 2025 return to profit, a positive gross-margin swing and a larger team, while ownership terms remain undisclosed.

Kaiko's $110m strategic round arrived beside €35.5m of share-funded acquisitions, issuing 553,134 shares while investor allocations remain undisclosed.

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 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' €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 close expanded lending capacity, while UK filings show £4.46m manager profit, £1.31m ordinary dividends and a €6.7m commitment.

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 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 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 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 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 and a 279,500-BSPCE capacity, while price and new stakes remain undisclosed.

Fundcraft announced €12m of group growth financing while its French AIFM converted €1.24m of shareholder debt into capital without a cash remittance.

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 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 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 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 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 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 created 31.75% of new shares, leaving each founder vehicle at 22.75% and Vsquared Ventures III at 14.17% in the latest register.

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 financing meets a register where HylImpulse Holding and Schwarz Holding held 76.43% before the round, leaving post-round control unresolved.

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 now has a Luxembourg vehicle, an IQ EQ AIFM and a July first close, but LP commitments and allocation control remain undisclosed.

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.

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.

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 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 board representation and a new Quintin Tech director, so the round was not a blank governance slate.

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 sits inside a Jungheinrich-backed platform with separate GP, management and partner vehicles, not one undifferentiated pool.

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 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%.

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 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-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 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+ 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 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 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 investment round added capital around an existing KDB preference stake, while staged allotments leave the latest recipients unnamed in filings.

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 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 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 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 says senior lenders will become shareholders, while filings show Sirona BidCo carried €930m of term debt, €29k cash and a €62m dividend.

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 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 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 combines €5.85m equity, €4.3m public support and a €2m loan, with new board representation before mycoprotein scale-up.

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 issued 19.75% new shares, settled €3.37m of claims by setoff, priced them 28% below prior issues and created a Strategic Committee.

BOOKR says its €6.1m Series A combines primary funding, secondary share purchases and converted instruments, so the headline is not all new cash.

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.

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 founders held 94.5% before its $5m round, while June resolutions authorised a potential 24.3% share envelope and ratified earlier ASAs.

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 is registered as a NOK30,000 alternative-investment vehicle, while a separate five-person manager carries the governance layer.

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 financing followed a €6,115 legal-capital increase, revealing a 10.8% nominal equity signal without exposing investor-level economics.

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 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 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 financing headline is 83% debt tied to a 2024 EIB facility, while €6.5m equity enters a 22-position roll-up with dilution unresolved.

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.

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.

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 Series B diluted James Dacombe from 38.6% to about 34.1%, while 110,203 growth shares make part of the stake hurdle-dependent.

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.

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 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 active in Sweden's register seven months before its close, while public disclosures stop short of naming LP commitments.

Plend has £20m committed, not £50m in cash. Filings show a first charge over the whole business, a surviving Fair4All lien and junior capital.

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 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 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 became £23.02m of filed cash across four Seed classes, while founder and investor board rights moved into the articles.

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 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 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 filings showed £13.1m of turnover and pre-tax profit roughly doubled across Foresight's acquisition-led build-up.

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.

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 ended both founders' significant-control status, added Northern Gritstone to the board and followed a £1m convertible bridge.

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 and had one parent-owned £1 share before later rounds took the startup's funding above $100m.

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 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 moved 158,087 founder and early-holder shares into Series C, a block carrying about $37.2m at the filed class reference price.

Public-backed Impacto Andalucía supplies 52.8% of InsectBiotech's €7.2m financing, while the register leaves ownership and repayment terms undisclosed.

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 after reporting €48.7 million of customer-product liabilities against €13.9 million of cash and crypto in 2024.

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.

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 raised £40 million after a £25 million convertible note matured, leaving the old note, a 15% warrant and founder control terms unresolved.

Great British Energy invested £7.5 million after Naked Energy disclosed unfinished funding, while a 2x Series B preference protected incumbent capital.

Chargepoly raised €23 million after its wholly owned stations vehicle fell below half its capital, shifting existing deployment risk to new investors.

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.

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 €15.6 million while Portugal's register showed €14.39 million of awarded project funding still undisbursed, exposing a liquidity timing gap.

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.

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 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's AI gigafactory company is 51.01% privately held while €719m enters through SETT and another €300m supports EuroHPC infrastructure outside its cap table.

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 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 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 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 is built around two new companies: an issuer whose formal control and insolvency decisions sit outside the operating company.

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 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.

Nuggit advances cash against future YouTube income, while filings show how creator revenue rights can become licence assets financed with long-term debt.

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.

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 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 closed legally in May, creating a 28.6% preferred block and adding a Quantonation-linked director before its July reveal.

Matterwave and Climentum doubled their ecoLocked share counts in a 2025 issue, concentrating investor exposure before preliminary insolvency proceedings.

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 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 called CIBC's $17m package growth funding. UK charges show fixed and floating security over its business and two core trademarks.

UK filings show Axiom became Risk Ledger's largest individual shareholder as £18.5m of cash allotments trailed the announced £24m Series B headline.

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 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 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 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 raised £940,000 after reporting £534,213 of net liabilities. Filings map £638,571 to equity, leaving about £301,429 as implied grants.

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 Series C created 46.4% of its issued shares and a roughly £44.4m first claim after accounts warned the round was essential.

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.

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 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.