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The wire ·

The wire — 18 June 2026

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Five rounds on the wire, and the day's biggest cheque marks a turn in where European venture is heading. Comand AI's €32M Series A — backed by Blossom Capital and defence prime Saab — puts AI-native command-and-control software at the top of the board, and opens our coverage of the aerospace, security and defence sector.

Below it: Mendo (€12M) for enterprise AI adoption, Warren (€10M) rebuilding Belgium's workplace pensions, Kvasir (€10M) turning farm and forestry waste into marine fuel, and Soource (€3M) automating procurement.

The rounds, largest first.

5 rounds threaded today
  1. Comand AIDefence
    €32M/Series A
  2. MendoEnterprise AI
    €12M/Series A
  3. WarrenFintech
    €10M/Seed
  4. Kvasir TechnologiesCleantech
    €10M/Series A
  5. SoourceProcurement AI
    €3M/Seed

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