Eleven Labs expands Series D to $550M+, DeepL to axe 250 staff, and key trends and investments in April

This week, we tracked more than 65 tech funding deals worth over €1.4 billion and over 5 exits, M&A transactions, rumours, and related news stories across Europe. This week, we tracked more than 65 tech funding deals worth over €1.4 billion and over 5 exits, M&A transactions, rumours, and related news stories across Europe. We also released our monthly report for April (paid subscriber and free versions) If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox. Either way, let's get you up to speed. 💸 Notable and big funding rounds 🇬🇧 ElevenLabs adds BlackRock, Nvidia and Jamie Foxx to $550M+ Series D 🇳🇱 QuantWare secures €152M for large-scale quantum systems 🇬🇧 Quantum outfit Quantum Motion run on silicon chips raises $160M 🫱🏽🫲🏻 Noteworthy acquisitions and mergers 🇳🇱 Quantum Machines acquires QHarbor and opens Delft office to deepen European quantum footprint 🇩🇰 Getaround Europe and GoMore merge to create Europe’s largest peer-to-peer carsharing network 🇳🇱 Netradyne acquires Moove Connected Mobility to scale AI-powered fleet intelligence across Europe 🚀 Interesting moves from investors ⚛️ Renaissance Philanthropy reshapes science funding with a new model for innovation 💵 British Business Bank commits £1m to tackling gender funding gap 🗞️ In other (important) news 🇪🇺 Europe’s first drone procurement hub targets faster defence deployment 🇪🇺 European Tech.eu Pulse: key trends and investment in April (free report) 🇩🇪 German AI translation startup DeepL to axe 250 staff 🇵🇱 Elastics secures $2M pre-seed to build AI agents for prediction markets 🇩🇪 Mobility Signage secures €1.8M to unify public transport IT 🇧🇪 Maurice & Nora raises €1M to address rising care demand 🇩🇪 ENVIOTECH raises €1M pre-seed for smart street lighting 🇸🇪 Detecht lands €395,000 to grow global motorcycle platform