Startups Funded Newnex News

London-based fintech startup TRIVER, which offers small businesses instant access to capital, has announced securing an additional €22.90 million in funding from Luxembourg's Avellinia Capital. Before this round, TRIVER had raised  €7.95 million in a recent funding round led by investors including Stride VC, Andreessen Horowitz, Axeleo Capital, Motive Partners, and Sequoia Capital.

Circularity Capital has spearheaded a €40 million growth capital round in the Swedish firm Matsmart-Motatos, a direct-to-consumer (D2C) e-commerce retailer specializing in overstock dry foods and consumer products. The funding received additional backing from existing shareholders. Several of Matsmart-Motatos' current investors, including SevenVentures (the investment arm of ProSiebenSat.1), participated in the growth capital round alongside Circularity Capital.

Finnish company Solar Foods has successfully concluded its Series B funding round, securing €8 million from retail investors in Finland. Solar Foods has developed a proprietary microbe that utilizes carbon dioxide (CO2) and hydrogen to produce a high-protein food ingredient called Solein. The funding round, facilitated by the Finnish investment organizer Springvest Oyj, involved participation from VTT Ventures and Fazer.

Mental health platform Salus has successfully concluded a Seed investment round, securing $4.7 million and bringing its total fundraising to over $5.5 million since its inception. The oversubscribed round was led by Northzone, with participation from 500 Emerging Europe, Pitchdrive, and the CVC arm of İş Bank. Existing investors Collective Spark and Wamda Capital also made double-down investments, alongside angel investors such as Fırat İleri (Hummingbird Ventures), Adam Anders (Anterra Capital), İnanç Balcı (Crestone VC & Lazada), Egem Eraslan (Midas), Can Yücaoğlu (MAP Investment), Mehmet Yılmaz (Freeletics & Zavvy), Joshua Cornelius (Freeletics & Zavvy), and Kıvanç Semen (Dataguard).

VivArt-X, headquartered in Eindhoven, has raised €660,000 in a pre-seed funding round to advance the development of its biodegradable biomaterial designed to enhance the lives of women post breast-conserving surgery. The funding was provided by Brabant Startup Fonds, the Brabant Development Agency (BOM), TU/e Participations, and several individual investors.

Eliq, the Swedish software company, has successfully raised €10 million in a growth round. The funding round witnessed the continued support of existing investor Inven Capital, and the addition of new investors Axpo Group and Valkea.

SeeChange Technologies, a visual AI company, has announced the completion of its £8 million Series A funding round. The funding is spearheaded by TriplePoint, with the involvement of new investors like Runa Capital and True Capital, along with the continued support of original investor Crane Venture Partners.

RED Horticulture, a dynamic lighting company, has successfully concluded a €17 million Series A funding round, with leadership from the European Circular Bioeconomy Fund (ECBF), alongside Demeter IM and Unigrains.

London-based Doccla, a virtual hospital technology provider, revealed on Tuesday that it has secured €5 million in funding from Bertelsmann Investments, the global venture capital arm of Bertelsmann Corporation. The funding, structured as a convertible loan, is earmarked for Doccla’s European expansion, with a specific focus on Germany identified as a priority market for the next phase of its growth. Notable investors in Doccla include General Catalyst, KHP Ventures (a collaboration involving King’s College London, King’s College Hospital NHS Foundation Trust, and Guy’s and St Thomas’ NHS Foundation Trust), Giant Ventures, and Speedinvest.

Magic ID, a London-based platform that fosters trust between businesses and individuals without prior acquaintance, has successfully raised €350,000 in a pre-seed funding round. The funding was led by SFC Capital and Presto Ventures, with €175,000 invested by SFC Capital, €120,000 from Presto Ventures, and €55,000 from undisclosed angel investors.

Advanced Electric Machines (AEM), a company based in England that focuses on designing and manufacturing next-generation sustainable electric motors and powertrain systems, has disclosed the successful completion of a €26.3 million Series A funding round. The round was led by Legal & General Capital and Barclays Sustainable Impact Capital, with substantial additional investment from Par Equity. Other participants in the funding round included Northstar Ventures, the Low Carbon Innovation Fund 2, and Turquoise Capital LLP.

Texray, a company based in Gothenburg, Sweden, specializing in radiation protection textiles, has revealed the successful raising of approximately €3.9 million in a funding round. The round was led by Industrifonden and received support from private investors at Impilo.

Newheat, a renewable heat supplier based in Bordeaux, France, has disclosed the successful securing of €30 million in funding, with SWEN Capital Partners leading the investment through its SWIFT 2 (SWEN Impact Fund for Transition 2) strategy. The funding round also saw continued support from Newheat's longstanding partners, including Noria, Bpifrance via its France Investissement Energie Environnement (FIEE) sector fund, the Etchart group, and the Holdheat holding company.

Linio Biotech, a biotech company founded in Finland by women, has secured a €4.2 million investment, bringing the total funding raised by the company to over €9 million. Alongside previous support from family offices and private investors, Linio Biotech has attracted new Finnish private investors and doctors with industry expertise. Earlier in the year, the company received a grant of almost €1 million from Business Finland to advance the development of its product.

Generative Engineering, a software company based in London, has secured €4 million in pre-seed funding. The funding round was led by EQT Ventures, notable for its investments in Kota and Qevlar AI, with participation from Join Capital.

Samudra Oceans, a robotics startup based in London, has received a £150,000 investment from the British Design Fund as part of an £800,000 pre-seed funding round. The investment will be utilized to create additional prototypes and expand their deployment to more regions, as the company focuses on establishing a global use case for its model.

Vizcab, a Lyon-based SaaS platform, has secured €5 million in Series A funding. The funding round was spearheaded by KOMPAS VC, an early-stage venture capital firm specializing in the decarbonization of the built environment and manufacturing industry, known for supporting ventures like Material Evolution and Prewave. Additional participation came from Rise PropTech Fund, Cemex Ventures, and Altur Investissement. Notably, existing investors A/O and Banque des Territoires (Groupe Caisse des Dépôts) also joined in the funding round.

Reboxed, a sustainable tech startup based in London and certified as a B-Corp, has successfully raised £1.6 million in seed funding. The investment round was led by ACF Investors, notable for supporting ventures like OneID and Wayland Additive. The capital will be utilized to fuel growth and enhance Reboxed's retail partner programs and its Reboxed for business service. Notably, Reboxed had previously received backing from influencers such as Ali-A, renowned YouTuber with over 20 million subscribers, former founders of Mazuma and Envirophone, Martin McCourt, former CEO of Dyson, and Nick Beighton, former CEO of ASOS, along with the Ministry of Sound group.

Biomel a plant-based gut health brand, has secured a £5.5 million investment from IRIS Ventures. Established in 2017, the company is a leading player in the UK market for plant-based gut health and manufactures a variety of drinks, snack bars, and powders at its production facility in West London.

Callyope, an AI-based mental health monitoring company, has revealed a €2.2 million equity funding round. The company is developing a speech-based remote patient monitoring platform designed for individuals coping with schizophrenia, major depression, and bipolar disorders. The funding is jointly led by 360 Capital and BPI Digital Venture, with participation from No Label Ventures and business angels including Thomas Clozel (Co-founder and CEO of Owkin) and Adrien Montfort (Co-founder & CTO of Sorare).

HumanForest, the parent company of e-bike operator Forest, has secured a £5 million extension to its Series A funding round, bringing the total for the Series A round to £17 million. This additional funding follows an initial investment of £12 million in April of this year. The equity investment includes contributions from Güil Mobility Ventures, Fen Ventures, several Cabify executives, and sustainable finance specialist Triodos Bank UK.

Phare Health, a London-based startup, has raised around €2.87 million in a seed funding round led by General Catalyst. The round also saw support from KHP Ventures and Bertelsmann Investments, offering strategic backing with their industry knowledge, expansive European networks, and healthcare resources.

ID Finance, based in Barcelona and asserting itself as a prominent fintech in Spain and Mexico, has revealed a funding success of €12 million through a strategic arrangement with an undisclosed European bank.

Planet Farms, based in Milan, has announced the successful raising of $40 million in funding. While specific investors for this recent round were not disclosed, the company has a history of backing from Milan’s SACE, UniCredit Group, and Red Circle Investment.

European Energy, based in Denmark, has entered into a partnership with two Scandinavian banks, SEB and DNB, to secure a Green Portfolio Financing Facility of €150 million. This five-year funding initiative is designed to accelerate the execution of renewable energy projects, with a particular focus on solar and wind energy, spanning 10 Northern European countries.

Open Cosmos, the exclusive provider of comprehensive satellite mission management in the UK, has received a £5 million project from the UK government's Space Clusters and Infrastructure Fund (SCIF). This comes after the company secured a $50 million Series B funding in September this year, marking the largest funding round raised by a UK space tech company this year.

Berlin-based biotech startup Quazy Foods, has successfully secured over €800,000 in a pre-seed funding round. The round saw participation from ProVeg International, a global NGO supporting startups contributing to food system change, Antler, a highly active private early-stage investor in Europe, and Sprout and About Ventures, a family office focused on impact investment.

Relay, headquartered in London, is a technology-enabled delivery network that empowers businesses to enhance and expand their e-commerce operations. The company has recently secured $10 million in a seed financing round, with leading contributions from European early-stage VC Project A Ventures, known for investments in Knowunity and Quantum Systems, as well as Prologis Ventures, the corporate venture capital group of Prologis.

Indy, a Lyon-based startup that specializes in automating accounting and tax returns for self-employed professionals and entrepreneurs, has disclosed securing €40 million in funding from BlackFin Capital Partners, along with La Maison and iXO. This recent funding round has elevated the total raised funds to €86 million.

LAYCO, a startup based in Amsterdam that offers affordable, high-quality medical equipment, has secured a convertible loan of €300,000 from the North Holland Innovation Fund (INH). The INH, backed by the Province of North Holland, University of Amsterdam, Vrije Universiteit, Amsterdam University of Applied Sciences, Amsterdam UMC, and Sanquin, focuses on supporting companies in the 'Proof-of-Concept' phase, providing loans to prove new ideas and concepts. The INH manages two funds, one for innovative startups supported by RVO and another for academic startups supported by the European Regional Development Fund (ERDF).

CityLegends, a community platform for urban athletes and artists based in Eindhoven, has successfully secured €1 million in a seed funding round from a syndicate of investors. The investor lineup comprises LeanSquare, LUMO Labs, imec.istart, Dutch Sport Tech Fund, and industry expert and angel investor Matthieu de Clercq.

Aptus.AI, an Italian startup specializing in machine-readable documentation, has revealed €3 million in Pre-Series A funding. The company has made significant strides by securing clients such as Intesa Sanpaolo, Generali Investments, and MPS, and is concurrently launching pilot projects with notable industry players. VC P101 leads the investment round, with participation from business angels and Fin+Tech, the accelerator of CDP Venture Capital, which is building on its involvement in a prior €1.2 million Seed investment round.

Floy, an AI company based in Munich that enhances radiologists' diagnostic capabilities, has successfully concluded a Seed funding round, securing €5.4 million. The funding is led by HV Capital, with participation from All Iron Ventures, and ongoing support from existing investors like 10xFounders, xdeck ventures, SB21, and reputable angel investors. With this latest round, Floy has raised a total of €8.8 million since its establishment in the summer of 2021.