Germany

• Entrix interested in strategic off-take partnerships
• Technikum Laubholz sees itself becoming acquisition target in five years

Italy:

• A-Cube raises funds for European growth, could consider acquisitions
• Telmes hires MBS Consulting to help build acquisition pipeline

Spain: 

• Domoblock seeks lead investor for EUR 2m funding round

United Kingdom

• AutogenAI could acquire to increase capability, market share

Germany

Entrix interested in strategic off-take  partnerships, has 3GW-plus contracted BESS capacity

Entrix, which provides AI-powered battery storage optimisation, is interested in forming strategic partnerships with off-take partners as part of its growth strategy, CEO and founder Steffen Schülzchen said. Cooperation agreements with utilities or commodity traders seeking merchant exposure to flexibility markets, for example to hedge renewable energy assets through physical or financial structures, are of interest, of which the Entrix FloorPlus agreement with Deutsche Bahn Energie is a case in point.

The company has a contracted battery energy storage systems (BESS) capacity of more than 3GW in Germany, Poland, Italy, Spain, and Portugal, of which 2GW will be operational this year, Schülzchen said. It is on track to achieve profitability with its existing pipeline, he said without providing any financial figures. It sees a massive growth opportunity in the BESS market, which is expected to grow from 2.5GW of installed capacity at present to around 50GW within 10 to 15 years in Germany alone.

Having raised more than EUR 65m since its foundation in 2021, Entrix does not expect to raise further funding for its existing business, but does not exclude the option in order to fund new initiatives like entering new markets. Entrix has no single majority owner, and lists its team alongside its founder among its major shareholders. In its latest, EUR 43m round in March 2026, the company was backed by a consortium of investors including BNP Paribas, via its Solar Impulse Venture Fund, Allianz, Junction Growth Investors, Korys, AENU, Enpal, Abacon and Arvantis Group. Its shareholders take a long-term investment view, Schülzchen said. Headquartered in Munich, Entrix employs 115. Among its competitors is Austria-based Enspired.

Technikum Laubholz focuses on commercialisation, anticipates break-even in five years’ time 

Technikum Laubholz (TLH), a private technology company funded by the government, sees itself becoming a target for a trade player or a private equity fund in around five years’ time, once it has proven its concept, CEO Tobias Wolfinger said. The 70-person company generates revenues between EUR 10m and EUR 15m, of which around 80% come from a government grant and 20% via the sale of technologies. Its strategic priority at present is to accelerate commercialisation and revenue generation, and it aims to decrease the funding ratio to about 10% and finally to zero break even in five years. An investor could come in at that point to support TLH’s next phase of growth.

Research and development company TLH researches how to turn wood into new, useful products that can replace fossil‑based materials. It then sells or licenses this technology. It was founded in 2020 following an initiative by the Baden-Württemberg Ministry of Food, Rural Areas and Consumer Protection, and is headquartered in Göppingen. The company is currently fully owned by the Association of State Advisory Councils on Wood.

Italy

A-Cube aims to accelerate European expansion under new e-invoicing regulations

Regtech company A-Cube, which specialises in electronic invoicing, aims to accelerate its European expansion, could consider opportunistic acquisitions, and is raising a EUR 4m Series A round, COO Antonio la Mura said. Several European countries are preparing to follow Italy in implementing mandatory e-invoicing regulations, representing a sizeable market opportunity for A-Cube, whose early experience in the segment is now becoming a strategic advantage. The company’s expansion strategy relies on establishing local expertise in each market, with dedicated country specialists overseeing regulatory developments, and regional managers coordinating operations across multiple countries. A-Cube expects to generate EUR 4m revenue in 2026, and EUR 8m in 2027. The proceeds of the recently launched Series A will be allocated to develop relationships with local tax administrations, strengthen country-specific technology and compliance teams, and expand commercial and business development activities in new markets. A-Cube does not foresee further funding rounds for the time being.

Besides its core electronic invoicing business, A-Cube has expanded into neighbouring compliance services including B2C fiscal processes and integrations with healthcare-related reporting systems. Its broader objective is to become a technology layer for regulatory compliance, allowing businesses and software providers to better connect with public administrations. It would consider acquisitions especially in adjacent segments linked to public-administration digitisation, including tax reporting, fiscal declarations, digital archiving, and sector-specific compliance processes in healthcare and agriculture. Founded in 2018, A-Cube offers a platform to connect businesses, software vendors, and tax authorities, and the company processes approximately 70 to 80 million documents a year through more than 300 partners that provide services to VAT-registered businesses.

Telmes hires advisor MBS to identify shortlist of acquisition candidates

Telmes, which provides electrical management solutions, has hired MBS Consulting to help it build an acquisition pipeline, CEO, President, and co-owner Massimo De Stefano said. He had previously flagged his acquisition plans in an interview with Mergermarket on 29 April. MBS will help Telmes identify a shortlist of suitable candidates, and the business aims to announce a deal in the coming months. Since the April interview, the company has broadened its search from the electrical panels production space to include firms active in the production of medium-voltage electrical boards. Its sweet spot is targets with revenues of up to EUR 10m. Telmes generated EUR 9.9m in revenues last year.

Spain 

Domoblock welcomes VC investors to lead upcoming fundraising

Valencia-based real-estate investment specialist Domoblock welcomes approaches from venture capital (VC) firms interested in acting as lead investor in a round to raise EUR 2m by the end of 1Q27, co-founder and CEO Sergio Navarro said. The company, which expects to book EUR 3m revenues with around EUR 1.8m in EBITDA this year, is targeting a pre-money valuation of EUR 30m for the round. It plans to use the proceeds to internationalise its business model, a crowdfunding and tokenisation platform that allows retail investors to invest from as little as EUR 200 into Spanish residential projects in need of redevelopment, or in high-demand urban areas. The founders own 75% of the company’s capital.

Domoblock is targeting total EUR 50m investment across 50 projects on its platform this year. The platform saw investors deploy EUR 35m between 2022 and 2025, and has financed 65 projects to date, 38 of which have completed their full investment cycle. Domoblock has 28 employees and works with Action Legal as its legal counsel.

United Kingdom

AutogenAI focuses on organic expansion in the UK, US, Australasia

AutogenAI, a London-based, augmented-intelligence language technology company, could make acquisitions that supplement its organic growth plans, founder and Global CEO Sean Williams said. The company’s primary focus is organic development focused on expanding its operations in the UK, the US, and Australasia. However, businesses that expand either its operational capabilities or market share within the competitive writing sector are of potential interest. Williams predicted consolidation will occur within the proposal-management AI sector.

The company, which the Sunday Times reported recorded revenues of GBP 10.7m for 2025, has raised enough in past funding rounds for its organic and inorganic growth plan. Previous financing includes a USD 39.5m Series B round in December 2023, and AutogenAI’s investors include Blossom Capital, Spark Capital, and Salesforce Ventures. Incorporated in February 2022, AutogenAI is an AI proposal-writing engine that creates compliant submissions. It has offices in London, New York, and Brisbane, and its clients include UK-based outsourcing group SERCO, UK transport business Arriva, and Kyndryl, a New York-headquartered provider of mission-critical enterprise technology services.

This is a digest of small and medium-sized companies in Western Europe. These businesses have the potential to use M&A now or in the future. All the content is proprietary and has been sourced by our team of reporters.