Vilnius-based Oxylabs has secured its first-ever external investment, raising €113.6 million ($130 million) from Warburg Pincus after a decade of bootstrapping. The deal values the company at €3.1 billion ($3.6 billion). The investment marks the first outside capital Oxylabs has accepted since its founding in 2015, making it the second bootstrapped unicorn to emerge from the Lithuanian tech ecosystem builder Tesonet.

AI-powered spend management platform Payhawk has surpassed $100 million in annual recurring revenue (ARR), becoming what Bessemer Venture Partners calls a "Centaur" — a private software company with more than $100 million in ARR. The company also reported a 159% year-over-year increase in net new business, a 95% rise in payment volume, and a 75% increase in ARR per employee, which it attributes to a company-wide transformation around autonomous AI agents. 

Warsaw-based edge AI startup CTHINGS.CO secured over €1.8 million from Navivo Capital, the new fund's first investment, to accelerate its North American expansion, grow sales, and scale its Orchestra platform for managing IoT, edge, and AI infrastructure. Revenue reportedly grew 17x year-over-year, and the company has landed its first flagship clients in North America.

Romanian software asset management startup Licenseware has raised an €800,000 funding round led by BCR Seed Starter, the corporate venture capital arm of Banca Comercială Română, which invested €500K. The round also included Inspire Capital, angel investors from Bravva Angels, and existing shareholders. The fresh capital will support the company's international expansion across the US, EU, UK, and other markets, while strengthening its product and enterprise integrations.

Kyiv-based defense technology startup Trinity Robotics has raised more than €500,000 in funding from Front Ventures, Hede Capital, and Defence Builder Fund I to expand production of its autonomous ground vehicles (UGVs), the company announced. The investment will support the manufacturing of the startup's flagship platform, Konyk One, an autonomous unmanned ground vehicle designed to assist military personnel with logistics, ammunition delivery, casualty evacuation, and other frontline operations.

Estonian startup Display.dev has secured €470,000 in pre-seed funding to further develop its publishing and collaboration platform for AI agents. The platform enables AI agents to publish documents via shareable URLs, allowing human collaborators to leave comments that agents can read and use to generate updated versions. The pre-seed round was backed by Outlast Fund, FIRSTPICK, Curiosity, and angel investor Henrik Bohman, the first product manager at Wise.

Latest Fund Updates

Warsaw-based defense and deeptech investor Expeditions has closed its second fund at €197M($225M), more than doubling its original fundraising target. The fund will back early-stage startups developing technologies across defense, AI, cybersecurity, quantum, and space, with a focus on strengthening Europe's security ecosystem.

The fund is backed by leading European defense companies and institutions, including new limited partners (LPs) BAE Systems, the European Investment Fund (EIF), and Keysight Technologies, alongside existing investors such as the Polish Development Fund (PFR) and the NATO Innovation Fund.

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