Top 10 Startup and Tech Funding News – July 3, 2025

Castelion Raises $350M Series B for Hypersonics

Castelion, a defense startup co-founded by former SpaceX engineers, announced it is raising a $350 million Series B round to scale its hypersonic missile business. The funding will help Castelion scale production of its hypersonic missile systems and expand operations in the aerospace sector. The round is being led by Lightspeed Venture Partners, with Altimeter Capital also participating. Castelion previously raised about $100 million in earlier funding, bringing its total capital raised to roughly $450 million. This new capital infusion will accelerate its research and manufacturing of advanced hypersonic technology.

Funding Details:

• Startup: Castelion

• Investors: Lightspeed Venture Partners (lead), Altimeter Capital, Battery Ventures, Pritzker Group, and others.

• Amount Raised: $350 million

• Total Raised: ~$450 million (including prior rounds)

• Funding Stage: Series B

• Funding Date: July 3, 2025

Qedma Raises $26M Series A for Quantum Computing

Qedma, an Israeli quantum computing startup, secured a $26 million Series A round to advance its superconducting qubit hardware. Glilot Capital’s growth fund (Glilot+) led the financing, with participation from Korea Investment Partners and IBM’s venture arm. Qedma develops specialized quantum chips and packaging to create more stable qubits for quantum computers. The new funding will support scaling up its processor manufacturing and R&D efforts. Including this round and prior seed funding, Qedma has raised around $30 million to date.

Funding Details:

• Startup: Qedma

• Investors: Glilot Capital Partners (lead via Glilot+), Korea Investment Partners, IBM Ventures

• Amount Raised: $26 million

• Total Raised: ~$30 million (including seed)

• Funding Stage: Series A

• Funding Date: July 3, 2025

Lovable Raises $150M Growth Round for AI Web Development

Lovable, a Stockholm-based AI startup, is reportedly finalizing a $150 million growth round at around a $2 billion valuation. The funding is said to be led by Accel, with Creandum and 20VC among the participants. Lovable’s platform enables users to build complete web applications using simple natural language prompts.

The company has grown rapidly since launching its AI coding tool late last year, already claiming over 500,000 users and roughly $75 million in annual recurring revenue. This infusion will help Lovable expand its product team and infrastructure to meet fast-growing demand.

Funding Details:

• Startup: Lovable

• Investors: Accel (lead), Creandum, 20VC, Antler, Visionaries Club, and angel investors.

• Amount Raised: $150 million

• Total Raised: ~$165 million (including earlier $15 million round)

• Funding Stage: Growth round

• Funding Date: July 3, 2025

Natech Raises $33M Series B for Banking Tech

Natech, a Greek fintech company, closed a $33 million Series B round to expand its Banking-as-a-Service platform. The funding (comprised of $26 million equity and $7 million low-cost debt) was led by a consortium of strategic banking and fintech investors. Natech provides modular, cloud-native core banking software to help small and mid-sized banks modernize their technology.

The new capital brings Natech’s total funding to $45 million and will be used to accelerate its expansion into new European markets and grow its product offerings.

Funding Details:

• Startup: Natech

• Investors: Strategic investors in banking/fintech (lead investors not publicly disclosed).

• Amount Raised: $33 million

• Total Raised: $45 million

• Funding Stage: Series B

• Funding Date: July 3, 2025

AssetCool Raises £10M Series A for Energy Infrastructure

AssetCool, a Leeds-based deeptech startup, has raised £10 million in a Series A funding round. The round was led by Energy Impact Partners, with participation from Extantia Capital, Taronga Group, Northern Powerhouse Investment Fund (Mercia Ventures), Kero Development Partners, and Northern Gritstone.

AssetCool develops robotic solutions and nanocoatings that can boost the capacity of existing power lines, helping utilities upgrade grids more quickly and cheaply. This financing (bringing total funding to over £14 million will fund deployments of its grid-upgrade technology with utilities across Europe and beyond.

Funding Details:

• Startup: AssetCool

• Investors: Energy Impact Partners (lead), Extantia Capital, Taronga Group, Northern Powerhouse (Mercia Ventures), Kero Development Partners, Northern Gritstone

• Amount Raised: £10 million

• Total Raised: >£14 million

• Funding Stage: Series A

• Funding Date: July 3, 2025

Hived Raises $42M Series B for Electric Delivery

Hived, a UK delivery startup, secured a $42 million Series B round to expand its all-electric, AI-driven parcel network. The funding was led by NordicNinja, with Wex Venture Capital, Marunouchi Innovation Partners, Elemental Impact, Yamato Holdings, Bain’s Future Back Ventures, Rocketship VC, and existing backer Planet A also participating. Hived operates a fully electric delivery fleet managed by its proprietary Hivedmind AI platform, and it has become one of the UK’s top-rated parcel carriers. The new capital will help Hived open more depots and scale its sustainable logistics service nationwide.

Funding Details:

• Startup: Hived

• Investors: NordicNinja (lead), Wex Venture Capital, Marunouchi Innovation Partners, Elemental Impact, Yamato Holdings, Future Back Ventures (Bain), Rocketship VC, Planet A

• Amount Raised: $42 million

• Total Raised: $42 million

• Funding Stage: Series B

• Funding Date: July 3, 2025

MediShout Raises $9M Series A for Hospital Tech

MediShout, a London-based healthtech startup, raised $9 million in a Series A financing round. The round was led by Heal Capital, with participation from Nickleby Capital and Meridian Health Ventures. MediShout provides a platform that connects hospital staff with suppliers and service providers, allowing faster resolution of operational issues like broken equipment or missing supplies. The new funding will be used to scale the company’s technology and expand its customer base across Europe and the U.S.

Funding Details:

• Startup: MediShout

• Investors: Heal Capital (lead), Nickleby Capital, Meridian Health Ventures.

• Amount Raised: $9 million

• Total Raised: $9 million

• Funding Stage: Series A

• Funding Date: July 3, 2025

Yaspa Raises $12M Funding for Fintech Growth

Yaspa, a London-based fintech offering open-banking payment and identity services, raised $12 million in a new funding round. The round was led by Discerning Capital. Yaspa’s platform uses AI to enable instant bank payments and provide verified customer insights for merchants. The company plans to use the funds to accelerate its expansion into the U.S. market and enhance its payment platform.

Funding Details:

• Startup: Yaspa

• Investors: Discerning Capital (lead).

• Amount Raised: $12 million

• Total Raised: $12 million

• Funding Stage: Undisclosed equity round

• Funding Date: July 3, 2025

Peec AI Raises €7M Seed for AI Search Analytics

Peec AI, a startup based in Berlin, secured €7 million in seed funding to accelerate the development of its AI-powered search analytics platform. The round included investments from 20VC (lead), Antler, Foreword Ventures, and Identity.VC, Combination VC, and S20. Peec AI’s product helps brands analyze and improve their visibility on AI-driven search engines like ChatGPT and Perplexity. The new funding will support Peec AI’s growth in Europe and expansion into the U.S. market.

Funding Details:

• Startup: Peec AI

• Investors: 20VC (lead), Antler, Foreword Ventures, Identity.VC, Combination VC, S20.

• Amount Raised: €7 million

• Total Raised: €7 million

• Funding Stage: Seed

• Funding Date: July 3, 2025

Build Concierge Raises $5.1M Seed for AI Engagement Platform

Build Concierge, a UK-based startup, closed a $5.1 million seed funding round at a £35 million valuation. A consortium of private investors backed the round. The company offers an AI-driven customer engagement platform that automates calls, chats, emails, and bookings for service businesses around the clock. The proceeds will be used to expand Build Concierge’s product development and to grow its customer base.

Funding Details:

• Startup: Build Concierge

• Investors: Consortium of private investors.

• Amount Raised: $5.1 million

• Total Raised: $5.1 million

• Funding Stage: Seed

• Funding Date: July 3, 2025

Funding Summary Table