Plenty of European scaleups were on a tear in 2025, with eyebrow-raising funding rounds aplenty. To name a few: defence giant Helsing raised a whopping €600m round at a €12bn valuation; fintech Trade Republic ended the year with a €12.5bn valuation in a huge secondary share sale; and software mega-acquirer Bending Spoons made several multi-million dollar acquisitions and raised over $3bn in debt and equity.
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