A VC bidding war has broken out as investors court German AI agent startup N8n in a fundraise that could see the company valued at $1.5bn.
N8n, which automates workflows using AI, has fast become one of Europe’s hottest tech companies following a €55m Series B in March, as investors increasingly bet big on startups developing agentic tools in the region.
Multiple parties have now submitted term sheets for the Berlin-based company’s Series C, according to sources familiar with the talks. Previous investors in the startup include Felicis, Sequoia, Firstminute Capital, Highland Europe and HV Capital.
The fresh funding could reach upwards of $100m, according to an earlier article from the Financial Times. The publication also reported that the startup generated about $40m in annual recurring revenues (ARR), citing people familiar with the fundraising talks.
N8n did not respond to requests for comment.
Rise of Europe’s AI applications
Founded in 2019, N8n has built a platform which can implement AI agents and connect the myriad of data sources and apps enterprises use. The startup said it had more than 3,000 enterprise customers and roughly 200k active users when it last raised four months ago.
Customers include Vodafone, Delivery Hero and Microsoft, according to its website.
N8n is part of a wave of European startups building AI applications — tools that are built around frontier models created by other providers like OpenAI and Anthropic — that have raised big in recent months.
AI-native startups in Europe have picked up €3.7bn so far in 2025, according to Sifted data — already topping the €3.4bn invested across the whole of last year.
Earlier this month Swedish vibe-coding startup Lovable raised $200m and hit a $1.8bn valuation. Days later UK-based company Xelix, which is automating the CFO office with agents, picked up $160m.
AI corporate video startup Synthesia and synthetic voice company ElevenLabs both secured $180m rounds in January, building on their previously held unicorn valuations.
Some investors are already cashing out. German startup Cognigy, which uses conversational and agentic AI to improve customer service, was acquired for almost $1bn by US customer service giant NiCE on Monday.
Read the orginal article: https://sifted.eu/articles/n8n-vc-bidding-war/
