
Formance
What they do:
Open Source Infrastructure for the Financial Internet
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This list has 135 startups and was last updated on Oct 15, 2026. Biggest hubs: London (57), Paris (17), and Berlin (13). Largest teams: Legora, Algolia, and Model ML. Latest round: HyLight raised €13M (Oct 12, 2026).

What they do:
Open Source Infrastructure for the Financial Internet
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What they do:
Cloud Development Environments with one click
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HQ: San Francisco, CA, United States

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AI-Powered Infrastructure for Insurance & Healthcare
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HQ: London, United Kingdom

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Offensive security for the teams that are 100x outnumbered
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Robotic human cell manufacturing
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HQ: London, United Kingdom

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We're building fully automated labs for protein engineering
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HQ: Lausanne, Switzerland

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intelligent interactions
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Agentic AI for Society Builders
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The open source Looker alternative
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HQ: London, United Kingdom

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All-in-one workspace for companies making regulated products
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HQ: London, United Kingdom

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Turning the web into a structured database of real world events.
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HQ: Kyiv, Ukraine

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The next generation care enablement platform
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HQ: London, United Kingdom

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Trusted $€£ accounts abroad for people from unstable economies.
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HQ: London, United Kingdom

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AI Customer Service Agents for trades and field services
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HQ: London, United Kingdom

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Making it easy for insurance companies to process claims
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HQ: London, United Kingdom

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AI Quote and Order Automation for Distributors & Manufacturers
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HQ: Germany

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Full-Stack AI Accounting
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HQ: London, United Kingdom

What they do:
API for at-home health data
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HQ: London, United Kingdom

What they do:
Compliance and back office workflows for Wealth Managers.
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HQ: London, United Kingdom

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Low-cost, high-scale EV charging platform for apartments (and more).
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What they do:
Function Health for Europe
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What they do:
Global Compliance for Enterprises
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We help companies automate the accounting of their carbon emissions
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HQ: London, United Kingdom

What they do:
AI Copilot for insights & strategy
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HQ: London, United Kingdom

What they do:
Video AI to automatically detect and respond to production line…
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HQ: Zürich, Switzerland

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Automated e2e screenshot testing without writing or maintaining tests
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HQ: London, United Kingdom

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Flexible Business Apps for Modern Teams
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HQ: Dublin, Ireland

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The legal back-office for European founders - the incorporation API…
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HQ: Germany

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Manage sales commissions and sales performance
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What they do:
24/7 Global Stock Exchange
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HQ: London, United Kingdom

What they do:
Engineering intelligence for AI transformation
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HQ: Bucharest, Romania

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AI-native scheduling and workforce management platform for healthcare
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What they do:
Autonomous Accounting Software
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AI property manager for landlords and estate agents
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HQ: London, United Kingdom

What they do:
Vanta for physical products
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HQ: Copenhagen, Denmark

What they do:
Marketplace for private chefs
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HQ: London, United Kingdom