Analysis of M&A & Fundraising Deals on September 24, 2026 SUBTITLE=== Healthcare AI captures hundreds of millions while cybersecurity consolidates Southern Europe and Paris aligns its autonomous agents — today's overview for decision-makers and investors. ===BODY=== The day is marked by two distinct currents that only intersect on the surface. On one side, massive capital is pouring into applied AI — healthcare, sales, IT, recruitment — with amounts that signal conviction, not exploration. On the other, discreet but precise consolidations: pan-European cybersecurity, Franco-Belgian consulting, German logistics real estate. In between, a seven-billion Australian dollar Australian IPO loudly states what many are quietly thinking about AI infrastructure. # 🤝 M&A Deals ## Huspy enters Italy through finance, not the front door **Huspy**, the real estate platform founded in Dubai, announces its entry into the Italian market via the acquisition of **Integra Finance**, a mortgage broker, for **$86 million**. The immediate interpretation: a classic geographic expansion, a Gulf player buying a European foothold in a real estate market known for difficult access. What deserves attention: Huspy is not acquiring a listing portal, nor an agency. It is acquiring the financial cog — credit. In residential real estate, value is not found in connecting buyers and sellers, which is becoming commoditized and compressed. It is found in financing, where the margin is structural and where customer data is densest. By controlling credit, Huspy controls the decision-making moment — and thus the lasting relationship with the buyer, well beyond the transaction. *This is the platform model moving up to the financial act to escape the price war on the commercial act.* For a French brokerage or proptech player: European consolidation through credit, not listings, is the movement to watch. ## Merck KGaA passes vote on Bio-Techne Shareholders of **Bio-Techne** have approved the acquisition by **Merck KGaA** (Darmstadt) at an extraordinary general meeting. The transaction amount is not disclosed in available sources. Bio-Techne is a provider of reagents, instruments, and services for life science research — exactly the type of silent infrastructure that pharmaceutical and biotech labs rely on without thinking. For Merck KGaA, the operation strengthens the Life Science division at a time when demand for bioproduction and analytical tools remains strong. *Shareholder approval removes the last formal hurdle; operational integration will be the real test.* ## Nomios absorbs Orbcom and expands its Iberian network **Nomios**, a pan-European specialist in network cybersecurity, acquires **Orbcom**, one of Portugal's leading managed security service providers. Amount undisclosed. The logic is clear and consistent: Nomios is building a geographic network in Southern Europe through successive acquisitions, targeting well-established national players rather than opening offices from scratch. Portugal is a natural entry point — a mid-sized market, strong presence of multinationals managing their IT infrastructure from Lisbon, and few regional consolidators in cybersecurity. *For CISOs of large French groups operating in Iberia, the landscape of local providers is shrinking — and so are contract renewal prices.* ## Cabot Properties buys logistics in Hanover **Cabot Properties**, a global investor and operator of logistics real estate, announces the forward purchase acquisition of a modern logistics development in the Hanover region from a German family. Amount undisclosed. A conviction play on German logistics at a time when industrial real estate prices remain under pressure. The forward purchase — buying an asset before its delivery — reflects confidence in medium-term rental demand, in a corridor (Hanover–Bremen–Hamburg) that remains one of Northern Europe's distribution hubs. No particular turnaround: a clear sectoral allocation in a stabilizing market. ## Baker Tilly acquires Tytgat and strengthens Franco-Belgian presence **Baker Tilly France** announces its merger with **Tytgat**, an accounting and consulting firm located at the gates of Valenciennes, in cross-border territory. Amount undisclosed. The geography says it all: Valenciennes is twenty minutes from the Belgian border. Baker Tilly is building a continuum of coverage along the Franco-Belgian axis, useful for industrial SMEs operating on both sides who seek a single point of contact for their tax, social, and audit needs. *In SME consulting, geographic density is the product — not the brand.* ## Microsoft acquires Perceptive Vision AI for industrial automation **Microsoft** announces the acquisition of **Perceptive Vision AI**, a startup specializing in computer vision for industrial automation. Amount undisclosed. This operation is part of the sequence Microsoft has been rolling out for two years: integrating perception and action layers into Azure and Copilot, beyond just language processing. Industrial vision — defect detection, robotic guidance, quality control — is one of the few use cases where AI generates measurable cost reduction in physical production, not just in the office. *For French manufacturers evaluating their machine vision suppliers: this technology is migrating to hyperscalers, which changes price dynamics and dependency in the medium term.* ## Firmus Technologies prepares for a seven-billion Australian dollar IPO **Firmus Technologies**, an Australian AI infrastructure startup founded in 2019 by Oliver Curtis and Tim Ro, announces an IPO scheduled for October 22, 2026, aiming to raise **5 billion Australian dollars** (approximately 3.2 billion euros), for an implied valuation of around **7 billion Australian dollars**. An AI infrastructure IPO of this scale, from Australia, deserves attention. This is not a geographical anomaly: it is a sign that the race for data centers and computing capacity has become sufficiently clear for public markets — general retail and institutional investors, not just specialized venture capital. When an AI infrastructure chooses listed markets over private capital, it signals that it wants broad liquidity and a public valuation — and that it is betting on sustained demand for compute as a convincing argument for ordinary shareholders. *This is precisely the moment when vigilance is required: public markets value revenue growth, rarely profit quality. A highly capital-intensive infrastructure, whose margins depend on server utilization rates, can look like a great story until the first quarter of underutilization.* ## Katherine, Australia infrastructure — out of scope The **13.3 million Australian dollar** reservation by the Northern Territory authorities for a flood levee in Katherine South is not a private financial operation. It is a public expenditure on civil infrastructure. It is mentioned for the record and is not subject to analysis. # 🚀 Fundraisings ## Heidi Health and Tandem Health: when healthcare AI stops being experimental **Heidi Health** raises **$340 million** and **Tandem Health** raises **$100 million** — two rounds announced in the same window, analyzed jointly by Nelson Advisors as a structural inflection point in the commercialization of generative AI in healthcare. The usual interpretation: two great fundraisings in healthtech, a booming sector. What the amounts truly say: at $340 million, Heidi Health is no longer funding a proof of concept — it is funding large-scale deployment, with the go-to-market, regulatory compliance, and integration costs into hospital systems that this entails. In healthcare, integration into existing clinical workflows often costs as much as the product itself. The real test is not the technology; it is the ability to convince a hospital CIO to modify their processes, and to survive the twelve-to-eighteen-month purchasing cycles of public health systems. *These two rounds together signal that capital considers this integration risk surmountable — which is strategic information as much as sectoral validation.* For French e-health players: the credibility bar for fundraising in Europe has just risen a notch. ## Teamshares raises $225 million to acquire SMEs from aging founders **Teamshares** announces a **$225 million** fundraising in preferred stock from accounts managed by **T. Rowe Price Investment Management**. Teamshares operates a unique model: acquiring small American businesses from retiring founder-leaders, then gradually transferring ownership to employees via an employee stock ownership plan. This is not classic private equity — there is no resale in five years to another fund. The exit is progressive appropriation by the teams. T. Rowe Price is not a venture fund: it is a $1.5 trillion asset manager that manages the retirement savings of millions of Americans. Its entry into Teamshares with preferred stock says something about the perceived maturity of the model — and about the search for yield in assets uncorrelated with listed markets. *The real underlying issue: in the United States, several million SMEs do not have an identified successor. Teamshares has industrialized the transfer — and T. Rowe Price has just validated that this is an asset, not a social experiment.* For French SME transfer players (buyout funds, sale platforms): this model does not exist on this scale in France, where transfers remain artisanal. ## Biolevate: regulatory AI for life sciences raises 30 million **Biolevate**, a Parisian company founded by Joël Belafa, announces a **€30 million Series A** co-led by **RAISE France** (Aymar Hénin's vehicle, who becomes chairman of the board) and **Orange Ventures**, with **MSD Global Health Innovation Fund**, **Station F**, and **EQT Ventures**. Biolevate automates scientific and regulatory workflows in life sciences — agency submissions, document management, trial monitoring. This is a field where AI has a structural advantage: processes are highly codified, documents are abundant and standardized, and the cost of a regulatory error is prohibitive. The presence of MSD Global Health Innovation Fund (Merck & Co's corporate arm) in the round is not insignificant: it is a potential client validating the use case from within. Aymar Hénin's entry as chairman of the board deserves a note: RAISE France is an entrepreneur-investor vehicle, not a classic institutional fund. This type of active chairmanship — someone who has built and sold businesses — is often more useful than a fund seat on go-to-market and executive recruitment issues. *For a company that needs to convince pharmaceutical regulatory departments, having someone on the board who knows what it's like to sell to large corporations is not a minor detail.* ## Spott: Balderton bets on native AI ATS for recruitment agencies **Spott**, a Leuven-based publisher of a sourcing, CRM, and candidate tracking platform for recruitment agencies, raises **€18.3 million** in Series A, led by **Balderton Capital**, with **Base10 Partners**, **Y Combinator**, and **Fortino**. The ATS (Applicant Tracking System) market is old, crowded, and dominated by established players. What distinguishes Spott: it targets independent recruitment agencies, not corporate HR departments — a segment often neglected by large publishers, who prefer to address the HR departments of large accounts. Recruitment agencies have specific needs (talent pool management, client CRM, commission-based billing) that generalist ATSs poorly cover. Balderton leading, with Y Combinator in the round, signals an ambition for rapid deployment across Europe. *Spott's real bet: that recruitment agencies, under margin pressure since the rise of direct platforms, will invest in their own productivity rather than disappear — which is not a given.* ## Zeliq extends its seed to 7 million for its agentic commercial workspace **Zeliq**, a Parisian prospecting and commercial workspace platform, closes a **€7 million seed extension** led by **The Moon Venture**, with Julien Jean, Sylvestre Blavet, **Ora Global**, and **Cleo Ventures**. The total raised reaches €21 million in less than three years. Zeliq positions its autonomous agents as a partial replacement for sales representatives' research and qualification work — prospect identification, data enrichment, contact sequences. The market is dense (Lemlist, Apollo, Clay…) and AI differentiation has become the standard, not the exception. A seed extension — and not a Series A — after €21 million raised in three years raises a legitimate question about the pace of traction. *This could mean that the team prefers to maintain dilutive control before a larger Series A; it could also mean that the metrics do not yet justify a Series A valuation. Both interpretations coexist.* ## Primo raises 6.9 million for its IT operations AI agents **Primo**, a Parisian platform that unifies device management, SaaS applications, identities, and IT support, announces a **€6.9 million fundraising** co-led by **Headline** and **Global Founders Capital**. More than 400 clients in ten countries, according to the company. Primo's positioning is precise: replacing the fragmentation of IT tools (MDM, IAM, ITSM, SaaS management) with a unified layer with autonomous agents capable of handling common requests without human tickets. This is a market where the pain is real — IT teams in SMEs and mid-sized companies manage five to ten distinct tools for tasks that could be automated. Headline and Global Founders Capital are two funds with good European coverage and an appetite for B2B tools with high international growth potential. *400 clients in ten countries at this stage of funding is a serious signal of traction — the question is the depth of usage and churn, which public figures do not reveal.* ## Spiich Labs raises 3 million for its sales agents in Swedish **Spiich Labs**, a Swedish startup offering AI agents for sales teams, announces a **€3 million seed round** led by **Ugly Duckling Ventures**, with **Alliance VC** and **Cherry Ventures**. Cherry Ventures is a serious pan-European fund, present at the seed stage for companies that have subsequently grown significantly. Its participation in a €3 million round is an early signal of conviction. The addressed market — autonomous sales agents — is the same as Zeliq in France, illustrating how much this segment has become a standard investment in Northern Europe as well as in France. *The real differentiation will be played out on sectoral or linguistic specialization, not on generic technology.* ## Jack's Burgers raises 1 million to launch its regional franchise **Jack's Burgers** announces a **€1 million fundraising** to support the opening of its first franchisees in Biarritz, Tournefeuille, and Saint-Paul-lès-Dax. The network targets regional coverage along the Bordeaux-Toulouse axis. A franchise network startup operation, with no notable structural particularity. The €1 million raised likely finances the franchisor's tools (training, management tools, central purchasing) rather than the openings themselves, which are financed by the franchisees. The regional before national logic is prudent and consistent with available resources. ## Firmus Technologies — IPO: already covered in M&A The initial public offering of **Firmus Technologies** is covered in the M&A section above, under the dedicated entry. ## American investors in Europe: a fundamental dynamic The reference article indicates that in 2026, American investors are as active as British investors in European venture deals — illustrated by the example of **Dust** (Paris), which chose **Sequoia** for its seed round rather than a French fund in 2023. This is not an operation per se, but a market signal that illuminates several of today's fundraisings: the presence of Base10 Partners (San Francisco) at Spott, EQT Ventures (Stockholm/international) at Biolevate, Cherry Ventures at Spiich Labs. *Competition for the best European deals is now between American funds, pan-European funds, and local funds — which drives seed valuations upwards and changes growth expectations from the first investment.* ## Astorg — mention without identified operation The cited source refers to a press page about **Astorg** in the context of the Choiseul 2026 ranking, without any specific identifiable operation. No analysis section is opened on this basis. 📩 Subscribe to our newsletter to follow daily M&A and fundraising news: https://proplace.co/newsletter ===WHYS=== 1. the acquirer seeks to strengthen their European leadership in waste valorization and the circular economy, following their recent acquisition 2. Their expertise in industrial and municipal waste recycling and valorization would complement their existing services, strengthening their post-acquisition positioning 3. the acquirer seeks to consolidate their position in targeted alpha therapies, extending vertical integration post-ITM 4. Their global leadership in nuclear medicine and radiopharmaceuticals would extend their reach and portfolio post-ITM 5. is a private French software development company that provides cloud-based management solutions for finance (cash management, taxation, ERP) 6. Summary: - What the company does: Aareon France provides ERP and digital solutions for the real estate sector

September 24, 2026 · Proplace

🌐 Translated from the French original by AI — the French version is authoritative.

Open this edition in the cockpit →Every deal of the day, unfolded, evaluable in one click.

🤝Signed-deals stream · 66 evaluable in the cockpit

LIVEM&ASEPTEMBER 24, 2026

6 deals

79 M€ · 1/6 amounts known

1Huspy (système d'exploitation IA immobilier et…) rachète Integra Finance (services de crédit immobilier)79 M€

2Baker Tilly (cabinet d'expertise comptable et conseil) rachète Tytgat (expertise comptable et conseil)

3Merck KGaA (chimie et sciences de la vie) rachète Bio-Techne (biotechnologie et pharma)

4Cabot Properties (investisseur et opérateur immobilier…) rachète Modern Logistics Development (développement immobilier logistique)

5Nomios (services de cybersécurité paneuropéens) rachète Orbcom (services de cybersécurité)

6Microsoft (logiciels et services cloud) rachète Perceptive Vision AI (vision par ordinateur pour automatisation…)

proplace.co/actualites

• Integra Finance

  Huspy rachète Integra Finance pour 86 M$ et entre en Italie

  M&AItaly79 M€Exited (Acquired / Buyout)
  facebook.com
• Tytgat

  Baker Tilly rachète Tytgat, cabinet d'expertise comptable français

  M&AFranceExited (Acquired / Buyout)

  Baker Tilly acquires Tytgat and strengthens Franco-Belgian presence

  Source: compta-online.com → · Sector Horizontal & Productivity SaaS — 📬 subscribe to the Horizontal & Productivity SaaS newsletter

  Baker Tilly France announces its merger with Tytgat, an accounting and consulting firm located at the gates of Valenciennes, in cross-border territory. Amount undisclosed.

  The geography says it all: Valenciennes is twenty minutes from the Belgian border. Baker Tilly is building a continuum of coverage along the Franco-Belgian axis, useful for industrial SMEs operating on both sides who seek a single point of contact for their tax, social, and audit needs. In SME consulting, geographic density is the product — not the brand.

• Bio-Techne

  Merck KGaA rachète Bio-Techne, approuvé par les actionnaires

  M&AUnited StatesExited (Acquired / Buyout)

  Merck KGaA passes vote on Bio-Techne

  Source: prnewswire.com →

  Shareholders of Bio-Techne have approved the acquisition by Merck KGaA (Darmstadt) at an extraordinary general meeting. The transaction amount is not disclosed in available sources.

  Bio-Techne is a provider of reagents, instruments, and services for life science research — exactly the type of silent infrastructure that pharmaceutical and biotech labs rely on without thinking. For Merck KGaA, the operation strengthens the Life Science division at a time when demand for bioproduction and analytical tools remains strong. Shareholder approval removes the last formal hurdle; operational integration will be the real test.

• Modern Logistics Development

  Cabot Properties acquiert Modern Logistics Development en Allemagne

  M&AGermanyExited (Acquired / Buyout)
  businesswire.com
• Orbcom

  Nomios acquiert Orbcom, fournisseur portugais de services de cybersécurité

  M&APortugalExited (Acquired / Buyout)

  Nomios absorbs Orbcom and expands its Iberian network

  Source: afp.com → · Sector Cybersecurity — 📬 subscribe to the Cybersecurity newsletter

  Nomios, a pan-European specialist in network cybersecurity, acquires Orbcom, one of Portugal's leading managed security service providers. Amount undisclosed.

  The logic is clear and consistent: Nomios is building a geographic network in Southern Europe through successive acquisitions, targeting well-established national players rather than opening offices from scratch. Portugal is a natural entry point — a mid-sized market, strong presence of multinationals managing their IT infrastructure from Lisbon, and few regional consolidators in cybersecurity. For CISOs of large French groups operating in Iberia, the landscape of local providers is shrinking — and so are contract renewal prices.

• Perceptive Vision AI

  Microsoft acquiert Perceptive Vision AI pour l'automatisation industrielle

  M&AUnited StatesExited (Acquired / Buyout)

  Microsoft acquires Perceptive Vision AI for industrial automation

  Source: af.net → · Sector Data & Analytics — 📬 subscribe to the Data & Analytics newsletter

  Microsoft announces the acquisition of Perceptive Vision AI, a startup specializing in computer vision for industrial automation. Amount undisclosed.

  This operation is part of the sequence Microsoft has been rolling out for two years: integrating perception and action layers into Azure and Copilot, beyond just language processing. Industrial vision — defect detection, robotic guidance, quality control — is one of the few use cases where AI generates measurable cost reduction in physical production, not just in the office. For French manufacturers evaluating their machine vision suppliers: this technology is migrating to hyperscalers, which changes price dynamics and dependency in the medium term.

Huspy enters Italy through finance, not the front door

Source: facebook.com → · Sector FinTech — 📬 subscribe to the FinTech newsletter

Huspy, the real estate platform founded in Dubai, announces its entry into the Italian market via the acquisition of Integra Finance, a mortgage broker, for $86 million.

The immediate interpretation: a classic geographic expansion, a Gulf player buying a European foothold in a real estate market known for difficult access.

What deserves attention: Huspy is not acquiring a listing portal, nor an agency. It is acquiring the financial cog — credit. In residential real estate, value is not found in connecting buyers and sellers, which is becoming commoditized and compressed. It is found in financing, where the margin is structural and where customer data is densest. By controlling credit, Huspy controls the decision-making moment — and thus the lasting relationship with the buyer, well beyond the transaction. This is the platform model moving up to the financial act to escape the price war on the commercial act.

For a French brokerage or proptech player: European consolidation through credit, not listings, is the movement to watch.

Cabot Properties buys logistics in Hanover

Source: businesswire.com → · Sector Construction & PropTech — 📬 subscribe to the Construction & PropTech newsletter

Cabot Properties, a global investor and operator of logistics real estate, announces the forward purchase acquisition of a modern logistics development in the Hanover region from a German family. Amount undisclosed.

A conviction play on German logistics at a time when industrial real estate prices remain under pressure. The forward purchase — buying an asset before its delivery — reflects confidence in medium-term rental demand, in a corridor (Hanover–Bremen–Hamburg) that remains one of Northern Europe's distribution hubs. No particular turnaround: a clear sectoral allocation in a stabilizing market.

💰Fresh-funding radar · 3232 in the edition · 14 evaluable in the cockpit

LIVEVCSEPTEMBER 24, 2026

17 raises

2,7 Md€ · 10/17 amounts known

172 startups françaises lèvent 2,1 Md€ en Q2 20262,1 Md€

2Heidi Health (plateforme IA générative pour la santé) lève313 M€

3Teamshares (B2B Software & Cloud) lève207 M€

4Biolevate (automatisation de workflows scientifiques et…) lève30 M€

5Spott (ATS et CRM natif IA pour cabinets de recrutement) lève18 M€

6UA lève12 M€

7Zeliq (plateforme de prospection et workspace commercial) lève7 M€

8Primo (plateforme unifiée de gestion IT et support) lève7 M€

proplace.co/actualites · +9

• Heidi Health

  Heidi Health lève 340 M$ pour son IA générative en santé

  Fundraising313 M€Series E+

  Heidi Health and Tandem Health: when healthcare AI stops being experimental

  Source: healthcare.digital → · Sector HealthTech & Digital Health — 📬 subscribe to the HealthTech & Digital Health newsletter

  Heidi Health raises $340 million and Tandem Health raises $100 million — two rounds announced in the same window, analyzed jointly by Nelson Advisors as a structural inflection point in the commercialization of generative AI in healthcare.

  The usual interpretation: two great fundraisings in healthtech, a booming sector.

  What the amounts truly say: at $340 million, Heidi Health is no longer funding a proof of concept — it is funding large-scale deployment, with the go-to-market, regulatory compliance, and integration costs into hospital systems that this entails. In healthcare, integration into existing clinical workflows often costs as much as the product itself. The real test is not the technology; it is the ability to convince a hospital CIO to modify their processes, and to survive the twelve-to-eighteen-month purchasing cycles of public health systems.

  These two rounds together signal that capital considers this integration risk surmountable — which is strategic information as much as sectoral validation.

  For French e-health players: the credibility bar for fundraising in Europe has just risen a notch.

• Teamshares

  Teamshares lève 225 M$ en capital-investissement préférentiel

  FundraisingUnited States207 M€Series E+

  Teamshares raises $225 million to acquire SMEs from aging founders

  Source: stocktitan.net →

  Teamshares announces a $225 million fundraising in preferred stock from accounts managed by T. Rowe Price Investment Management.

  Teamshares operates a unique model: acquiring small American businesses from retiring founder-leaders, then gradually transferring ownership to employees via an employee stock ownership plan. This is not classic private equity — there is no resale in five years to another fund. The exit is progressive appropriation by the teams.

  T. Rowe Price is not a venture fund: it is a $1.5 trillion asset manager that manages the retirement savings of millions of Americans. Its entry into Teamshares with preferred stock says something about the perceived maturity of the model — and about the search for yield in assets uncorrelated with listed markets. The real underlying issue: in the United States, several million SMEs do not have an identified successor. Teamshares has industrialized the transfer — and T. Rowe Price has just validated that this is an asset, not a social experiment.

  For French SME transfer players (buyout funds, sale platforms): this model does not exist on this scale in France, where transfers remain artisanal.

• Ventures

  Connect Ventures raises $55M for Fund V to back European founders

  FundraisingEurope51 M€
  vestbee.com
• Biolevate

  Biolevate lève 30 M€ pour automatiser les workflows scientifiques

  FundraisingFrance30 M€Series A

  Biolevate: regulatory AI for life sciences raises 30 million

  Source: biolevate.com → · Sector HealthTech & Digital Health — 📬 subscribe to the HealthTech & Digital Health newsletter

  Biolevate, a Parisian company founded by Joël Belafa, announces a €30 million Series A co-led by RAISE France (Aymar Hénin's vehicle, who becomes chairman of the board) and Orange Ventures, with MSD Global Health Innovation Fund, Station F, and EQT Ventures.

  Biolevate automates scientific and regulatory workflows in life sciences — agency submissions, document management, trial monitoring. This is a field where AI has a structural advantage: processes are highly codified, documents are abundant and standardized, and the cost of a regulatory error is prohibitive. The presence of MSD Global Health Innovation Fund (Merck & Co's corporate arm) in the round is not insignificant: it is a potential client validating the use case from within.

  Aymar Hénin's entry as chairman of the board deserves a note: RAISE France is an entrepreneur-investor vehicle, not a classic institutional fund. This type of active chairmanship — someone who has built and sold businesses — is often more useful than a fund seat on go-to-market and executive recruitment issues. For a company that needs to convince pharmaceutical regulatory departments, having someone on the board who knows what it's like to sell to large corporations is not a minor detail.

• Spott

  Spott lève 18,3 M€ pour son ATS et CRM IA pour recruteurs

  FundraisingBelgium18 M€Series A

  Spott: Balderton bets on native AI ATS for recruitment agencies

  Source: eu-startups.com → · Sector Horizontal & Productivity SaaS — 📬 subscribe to the Horizontal & Productivity SaaS newsletter

  Spott, a Leuven-based publisher of a sourcing, CRM, and candidate tracking platform for recruitment agencies, raises €18.3 million in Series A, led by Balderton Capital, with Base10 Partners, Y Combinator, and Fortino.

  The ATS (Applicant Tracking System) market is old, crowded, and dominated by established players. What distinguishes Spott: it targets independent recruitment agencies, not corporate HR departments — a segment often neglected by large publishers, who prefer to address the HR departments of large accounts. Recruitment agencies have specific needs (talent pool management, client CRM, commission-based billing) that generalist ATSs poorly cover.

  Balderton leading, with Y Combinator in the round, signals an ambition for rapid deployment across Europe. Spott's real bet: that recruitment agencies, under margin pressure since the rise of direct platforms, will invest in their own productivity rather than disappear — which is not a given.

• UA

  Australia reserves A$13.3m for Katherine flood levee

  Fundraising12 M€
  ua.news
• Zeliq

  Zeliq boucle une extension de seed de 7 M€

  FundraisingFrance7 M€Seed

  Zeliq extends its seed to 7 million for its agentic commercial workspace

  Source: tech.eu → · Sector Construction & PropTech — 📬 subscribe to the Construction & PropTech newsletter

  Zeliq, a Parisian prospecting and commercial workspace platform, closes a €7 million seed extension led by The Moon Venture, with Julien Jean, Sylvestre Blavet, Ora Global, and Cleo Ventures. The total raised reaches €21 million in less than three years.

  Zeliq positions its autonomous agents as a partial replacement for sales representatives' research and qualification work — prospect identification, data enrichment, contact sequences. The market is dense (Lemlist, Apollo, Clay…) and AI differentiation has become the standard, not the exception.

  A seed extension — and not a Series A — after €21 million raised in three years raises a legitimate question about the pace of traction. This could mean that the team prefers to maintain dilutive control before a larger Series A; it could also mean that the metrics do not yet justify a Series A valuation. Both interpretations coexist.

• Primo

  Primo lève 6,9 M€ pour ses agents IA de gestion IT

  FundraisingFrance7 M€Series A

  Primo raises 6.9 million for its IT operations AI agents

  Source: eu-startups.com → · Sector B2B Software & Cloud — 📬 subscribe to the B2B Software & Cloud newsletter

  Primo, a Parisian platform that unifies device management, SaaS applications, identities, and IT support, announces a €6.9 million fundraising co-led by Headline and Global Founders Capital. More than 400 clients in ten countries, according to the company.

  Primo's positioning is precise: replacing the fragmentation of IT tools (MDM, IAM, ITSM, SaaS management) with a unified layer with autonomous agents capable of handling common requests without human tickets. This is a market where the pain is real — IT teams in SMEs and mid-sized companies manage five to ten distinct tools for tasks that could be automated.

  Headline and Global Founders Capital are two funds with good European coverage and an appetite for B2B tools with high international growth potential. 400 clients in ten countries at this stage of funding is a serious signal of traction — the question is the depth of usage and churn, which public figures do not reveal.

• Spiich Labs

  Spiich Labs lève 3 M€ pour ses agents IA commerciaux

  FundraisingSweden3 M€Seed

  Spiich Labs raises 3 million for its sales agents in Swedish

  Source: techsavvy.media → · Sector Horizontal & Productivity SaaS — 📬 subscribe to the Horizontal & Productivity SaaS newsletter

  Spiich Labs, a Swedish startup offering AI agents for sales teams, announces a €3 million seed round led by Ugly Duckling Ventures, with Alliance VC and Cherry Ventures.

  Cherry Ventures is a serious pan-European fund, present at the seed stage for companies that have subsequently grown significantly. Its participation in a €3 million round is an early signal of conviction. The addressed market — autonomous sales agents — is the same as Zeliq in France, illustrating how much this segment has become a standard investment in Northern Europe as well as in France. The real differentiation will be played out on sectoral or linguistic specialization, not on generic technology.

• Jack's Burgers

  Jack's Burgers lève 1 M€ pour son expansion en franchise

  FundraisingFrance1 M€Series A
  lexpress-franchise.com
• Firmus Technologies

  Firmus Technologies prépare son IPO pour 5 Md$ AUD

  FundraisingAustraliaPublic

  Firmus Technologies prepares for a seven-billion Australian dollar IPO

  Source: caproasia.com → · Sector Data & Analytics — 📬 subscribe to the Data & Analytics newsletter

  Firmus Technologies, an Australian AI infrastructure startup founded in 2019 by Oliver Curtis and Tim Ro, announces an IPO scheduled for October 22, 2026, aiming to raise 5 billion Australian dollars (approximately 3.2 billion euros), for an implied valuation of around 7 billion Australian dollars.

  An AI infrastructure IPO of this scale, from Australia, deserves attention. This is not a geographical anomaly: it is a sign that the race for data centers and computing capacity has become sufficiently clear for public markets — general retail and institutional investors, not just specialized venture capital. When an AI infrastructure chooses listed markets over private capital, it signals that it wants broad liquidity and a public valuation — and that it is betting on sustained demand for compute as a convincing argument for ordinary shareholders.

  This is precisely the moment when vigilance is required: public markets value revenue growth, rarely profit quality. A highly capital-intensive infrastructure, whose margins depend on server utilization rates, can look like a great story until the first quarter of underutilization.

• Dust

  Dust lève des fonds auprès de Sequoia pour son IA

  FundraisingFranceSeed
  techfundingnews.com
• ASTORG

  Page 1 - Toute l'actualité sur ASTORG avec CFNEWS

  Fundraising

  Astorg — mention without identified operation

  Source: cfnews.net →

  The cited source refers to a press page about Astorg in the context of the Choiseul 2026 ranking, without any specific identifiable operation. No analysis section is opened on this basis.

  📩 Subscribe to our newsletter to follow daily M&A and fundraising news: https://proplace.co/newsletter

• Qualitas Energy

  Qualitas Energy renforce ses activités en Allemagne avec un nouveau fonds

  FundraisingGermanySeries E+
  capital-riesgo.es

Katherine, Australia infrastructure — out of scope

Source: ua.news →

The 13.3 million Australian dollar reservation by the Northern Territory authorities for a flood levee in Katherine South is not a private financial operation. It is a public expenditure on civil infrastructure. It is mentioned for the record and is not subject to analysis.

Jack's Burgers raises 1 million to launch its regional franchise

Source: lexpress-franchise.com →

Jack's Burgers announces a €1 million fundraising to support the opening of its first franchisees in Biarritz, Tournefeuille, and Saint-Paul-lès-Dax. The network targets regional coverage along the Bordeaux-Toulouse axis.

A franchise network startup operation, with no notable structural particularity. The €1 million raised likely finances the franchisor's tools (training, management tools, central purchasing) rather than the openings themselves, which are financed by the franchisees. The regional before national logic is prudent and consistent with available resources.