Scaling Europe

Basecamp Research just raised a $140m Series C led by S32. It's teaching AI to read and write DNA, using huge amounts of genetic data it collects all over the world. It has been working with NVIDIA and Anthropic on its models, and both have now come in as investors too.

Oliver Vince is Co-Founder at Basecamp Research, which is using this AI to design new medicines for cancer, rare genetic diseases and infections. The next step is getting the first ones to patients, which he expects within the next couple of years.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk

Lovable: https://lovable.dev/

Parloa: https://www.parloa.com/

Conveo: https://conveo.ai/

NatWest: https://www.natwest.com/

WWT: https://www.wwt.com/

Timestamps:

0:00 Introduction

0:21 What Basecamp Research does

1:17 The new $140m Series C

1:57 The Eden models and the Trillion Gene Atlas

4:13 Why NVIDIA and Anthropic invested

5:35 Why they want investors who are realistic and optimistic

7:56 Which diseases it could help first

10:10 How close they are to treating patients

14:03 Drug company or pharma partner

15:19 A different approach from other AI biology companies

19:46 What could make it fail

21:42 Scepticism from traditional pharma

Morphotonics just raised over €40m Series B to build the machinery behind AI smart glasses and data center optics.

Hugo da Silva is CEO of Morphotonics, and they make equipment that imprints microscopic displays onto AI smart glasses, combining high precision with mass manufacturing scale. The new funding will go toward delivering their next-gen equipment and growing across Asia.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk

Lovable: https://lovable.dev/

Parloa: https://www.parloa.com/

Conveo: https://conveo.ai/

NatWest: https://www.natwest.com/

WWT: https://www.wwt.com/

Timestamps:

0:00 Introduction

0:21 What Morphotonics actually do

1:38 The new €40m Series B

4:31 Moving into AI data centers

7:50 Building local teams in Asia

10:22 Shipping fast vs spending 10 years on perfection

12:25 Why they are turning away new customers

13:58 When will 500 million people wear smart glasses

15:57 Main bottlenecks to mass scale

Skin Analytics has built AI technology that can spot skin cancer from a photo, and health systems use it to check patients faster and catch more cases early. Earlier this year, it got approval across Europe to check for skin cancer using just a smartphone camera, with no doctor needed to review each case. It has already found more than 25,000 cancers across the NHS.

Neil Daly is Founder and CEO of Skin Analytics. His goal is to make sure no one dies from skin cancer, because caught early enough, it's almost always curable.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk

Lovable: https://lovable.dev/

Parloa: https://www.parloa.com/

Conveo: https://conveo.ai/

NatWest: https://www.natwest.com/

WWT: https://www.wwt.com/

Timestamps:

0:00 Introduction

0:15 What Skin Analytics actually does

1:00 How Neil started the business in 2012

2:21 How the AI boom changed adoption

4:04 The smartphone-only breakthrough and European clearance

8:11 What the smartphone clearance unlocks

11:24 How patients and clinicians have reacted

12:54 The mission and the numbers behind it

16:35 What's next for Skin Analytics

Skin Analytics helps detect skin cancer using a phone

Complir just raised an $11m Seed led by General Catalyst, with new and existing investors joining the round, just eight to nine months after its pre-seed round. They are growing rapidly and the revenue has grown 40% month over month for the last six months.

Gustav Bang is Co-founder and CEO of Complir. It helps retailers and brands sell physical products anywhere in the world, handling the compliance work that would otherwise fall on the retailer itself.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk

Lovable: https://lovable.dev/

Parloa: https://www.parloa.com/

Conveo: https://conveo.ai/

NatWest: https://www.natwest.com/

WWT: https://www.wwt.com/

Timestamps:

0:00 Introduction
0:07 The $11m Seed round and what Complir does
1:14 Building the product inside Flying Tiger's offices
4:00 Quadrupling revenue at YC
6:43 Lessons from Legora and picking bold bets
8:53 Why General Catalyst led the round
11:10 Becoming the compliance layer for global commerce
12:37 Expanding into the UK and Germany
14:14 The pivot to enterprise and the path to a Series A

Jack and Jill just raised a $40m Series A led by Air Street Capital with Madrona joining the round, and participation from existing investors. This brings total funding to $60m, just ten months after their $20m Seed. Revenue has grown 40x since the seed round.

Matt Wilson is Co-Founder and CEO of Jack & Jill. They are two AI agents, where Jack works for the person looking for the next step in their career, while Jill works for the company hiring. When they agree it's a good match, the candidate is introduced directly to the decision maker instead of filling in an application. The new funding will go toward growing the business further across the US.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk

Lovable: https://lovable.dev/

Parloa: https://www.parloa.com/

Conveo: https://conveo.ai/

NatWest: https://www.natwest.com/

WWT: https://www.wwt.com/

Timestamps:

0:00 Introduction

0:13 What Jack and Jill actually do

2:37 The new $40m Series A and who's backing it

4:03 Expanding into San Francisco and New York

7:24 A founder success story from Entrepreneurs First

8:53 Why Nathan Benaich joined the cap table

11:14 Raising engineer pay to £360,000

14:14 Balancing high pay with mission-driven hires

15:50 How US pay is reshaping London hiring

18:13 What makes ex-founders great engineers

20:12 What's next for Jack and Jill

Exein just raised $270m at a $1.7bn valuation. The round was led by Headline, with participation from Sofina, Goldman Sachs, European Investment Bank Group ETCI, KfW Capital and T.Capital, with involvement from previous investors.

Gianni Cuozzo is Founder and CEO of Exein. It builds on-device security software for connected systems, running on everything from coffee machines to satellites. The company has grown 400% year on year for the past three years, and it's now become one of Europe's most valuable private cyber security companies.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk

Lovable: https://lovable.dev/

Parloa: https://www.parloa.com/

Conveo: https://conveo.ai/

NatWest: https://www.natwest.com/

WWT: https://www.wwt.com/

Timestamps:

0:00 Introduction
0:37 Announcing the $270m round
0:51 Why Exein is moving into physical AI
3:57 Running on 2 billion devices
5:27 The growth behind the new valuation
5:53 The trends driving that growth
8:56 Who backed the round
11:49 Expanding into San Francisco
14:14 Why physical AI is the next battlefield
17:50 Building a global business from Rome

Tandem Health just raised a $100m Series B led by the Scale-up Europe Fund, managed by EQT. Its AI medical assistant handles clinical documentation and admin work for doctors, from transcribing patient visits and drafting medical notes to handling referrals, coding, and prescriptions.

Lukas Saari is Co-founder and CEO of Tandem Health. The company has grown from three co-founders to about 230 people in three years, and now works with over 10,000 care organisations across 14 European countries. With the new funding, they'll deepen their work with care providers and build a full AI-native operating system for clinics.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk

Lovable: https://lovable.dev/

Parloa: https://www.parloa.com/

Conveo: https://conveo.ai/

NatWest: https://www.natwest.com/

WWT: https://www.wwt.com/

Timestamps:

0:00 Intro and the new $100m Series B
0:38 Where the round came from and what it unlocks
2:04 Selling AI tools into Europe's biggest healthcare providers
3:51 Why clinicians are actually pushing for this5:27 A day in the life with Tandem's AI
7:32 The four levels of clinic automation
9:59 Growing from 3 founders to 230 people in 3 years
13:01 Why Europe's fragmented healthcare system is a strength
16:34 Why no US competitor has come to Europe
17:55 What the $100m will fund next
18:47 Stockholm's founder community and momentum

Antler just released a new report recently on the state of European tech. It shows the biggest companies scaling faster and raising more money than ever, while funding for new companies at the earliest stages keeps shrinking.

Christoph Klink is General Partner at Antler, an early stage venture firm. To him, the funding gap is one of the best opportunities in venture right now. Plenty of good companies can't get funded, and that's exactly where new investors could step in.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk

Lovable: https://lovable.dev/

Parloa: https://www.parloa.com/

Conveo: https://conveo.ai/

NatWest: https://www.natwest.com/

WWT: https://www.wwt.com/

Timestamps:

0:00 - Introduction
0:42 - Two sides of European tech right now
1:54 - Europe's early stage funding gap
3:43 - Why new early stage investors have dropped
6:14 - Rocket ships reaching unicorn status in under 3 years
7:04 - Jets and juggernauts explained
9:54 - How juggernauts raise much bigger rounds
13:11 - Why investors are backing Europe's deep tech bets
15:00 - London's growing share of Europe's biggest companies
16:13 - Europe's startup hubs spreading beyond the biggest cities
18:03 - Why Europe's funding gap is also its biggest opportunity

EU-INC is a grassroots initiative pushing to establish a unified corporate law framework across Europe. By creating a virtual "28th regime," the movement aims to eliminate fragmented national bureaucracy and simplify how tech startups are founded, scaled, and funded.

Simon Schaefer is a co-initiator of EU-INC who has been driving the movement from the ground up. They just launched a new campaign to get its policy passed within the next 100 days. It's pushing for a single European legal structure that would let startups incorporate and scale across the EU without dealing with 27 different national systems.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk

Lovable: https://lovable.dev/

Parloa: https://www.parloa.com/

Conveo: https://conveo.ai/

NatWest: https://www.natwest.com/

WWT: https://www.wwt.com/

Timestamps:

0:00 - Introduction
0:19 - Where EU Inc stands today
0:57 - How the EU process for passing this works
1:44 - Why the original proposal got watered down
3:44 - What's still up for negotiation
5:03 - Why EU Inc wants one shared company registry
7:06 - Pushback from notaries and trade unions
9:53 - Germany's resistance and the fight over insolvency rules
13:28 - Working with EU officials and politicians
16:16 - The moment EU Inc got its name from Brussels
17:44 - How people can help in the next 100 days

HelmGuard just raised a $7.3m Seed round led by Infinity Ventures and Frontline. Its AI agents handle a company's security and compliance work automatically, checking everything all the time instead of relying on manual paperwork and periodic reviews.

John Daley and Jack Miller are HelmGuard's co-founders, John as CEO and Jack as CTO. It took them just nine months to hit a million dollars in run rate with a three-person team.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk

Lovable: https://lovable.dev/

Parloa: https://www.parloa.com/

Conveo: https://conveo.ai/

NatWest: https://www.natwest.com/

WWT: https://www.wwt.com/

Timestamps:

0:00 - Introduction

0:20 - HelmGuard's $7.3m seed round

0:45 - What HelmGuard's platform does

1:15 - John's eight years at Palantir

2:24 - Jack's background in AI research

5:48 - How HelmGuard reacts to new model releases

8:45 - HelmGuard's work with Callosum

12:27 - HelmGuard's plans for the new funding

14:12 - Why legacy security platforms can't keep up

15:54 - What the OpenAI incident means for AI oversight

20:57 - How the OpenAI incident changed HelmGuard's thinking