Osborne Clarke has advised Bitfury Top HoldCo B.V.on the $250 million Series C investment in Axelera AI

Osborne Clarke has advised Bitfury Top HoldCo B.V., a global technology incubator shaping the next generation of ethical innovation, on the $250 million Series C investment in Axelera AI, the European leader in AI acceleration hardware.

The round was led by Innovation Industries and saw participation from BlackRock and SiteGround Capital, alongside existing investors Bitfury, CDP Venture Capital, European Investment Council Fund, Federal Holding and Investment Company of Belgium (SFPIM), Invest-NL, Samsung Catalyst Fund, and Verve Investments.

The largest investment ever in an EU AI semiconductor company comes as Axelera ships to its 500th global customer across physical AI and edge AI in industries including defence and public safety, industrial manufacturing, retail, agritech, robotics, and security, firmly establishing the company as the global leader in power-efficient AI inference solutions.

Amsterdam Partner Herke van Hulst led the deal and also assisted in Bitfury in the spin out and previous round.

Osborne Clarke has a market-leading international venture capital practice and is widely recognised as a leading European law firm for companies operating in the TMC sector. The TMC sector team advises clients ranging from start-ups, scale-ups/growth businesses and FinTech unicorns to challenger banks, payments, retail and consumer finance, platforms, large corporates and institutions as well as lenders, investors and industry bodies and regulators.