European Startups Funded recently - Newnex Weekly

Newnex has tracked $243m funding rounds this past week in European Venture Capital. A brief round-up of the fundraising rounds.

FarmInsect, a company based in Munich specializing in insect technology, has successfully concluded a Series A funding round, surpassing its initial target with a total of €8 million. Leading the Series A round was Sandwater, based in Oslo, along with contributions from Bayern Kapital's Growth Fund, the Minderoo Foundation's Strategic Impact Fund, and the European Innovation Council Fund. Notably, existing investors HTGF and UnternehmerTUM Funding for Innovators also joined in on this funding round.

Nortech AI, a tech innovator based in Norway and Portugal, has recently closed a successful seed funding round, raising €2.5 million. This funding comes from notable investors, Indico Capital Partners and Earlybird-X. With this financial support, Nortech AI aims to accelerate the transformation of the maritime industry, shifting it from a reactive approach to a proactive utilization of data. This transition is expected to usher in a new era of cost reduction and environmental preservation by decreasing greenhouse gas emissions.

Aira, a clean energy technology company headquartered in Sweden, has revealed a significant funding accomplishment, raising €86 million. This funding has been provided by a consortium of investors with the shared goal of facilitating Europe's transition away from gas and expediting the path toward energy self-sufficiency. Among the prominent investors supporting Aira's mission are Altor, Collaborative Fund, Creades, Kinnevik, and Lingotto.

ZenML, a Munich-based open-source Machine Learning Operations framework for building portable, production-ready MLOps pipelines, has announced that it secured an additional $3.7 million in funding. This extension round increases ZenML's total Seed funding to $6.4 million. The round was led by Point Nine, a Berlin-based venture capital firm, with continued support from ZenML's existing investor, Crane Venture Partners based in London. Notably, the funding also came from prominent figures in the industry, including D. Sculley, CEO of Kaggle; Harold Giménez, SVP R&D at HashiCorp; and Luke de Oliveira, the former director of Machine Learning at Twilio.

Viso, a no-code computer vision platform that streamlines the development and deployment of vision-based enterprise applications, significantly accelerating the process from months to just days, has successfully secured $9.2 million in a seed round. The funding round was spearheaded by Accel and featured participation from angel investors such as Mehdi Ghissassi, Mihai Faur, Remy Lazarovici, James Isilay, and Stef van Grieken. This investment will aid Viso in further advancing its innovative solution.

Memox, a Zurich-based company specializing in meeting and conference rooms, has secured €2.8 million in Series A funding to support the continued expansion of its office locations in the DACH region. This funding round was led by Swiss Prime Site and 41 Group, with participation from investors in various sectors, including real estate, technology, and investment banking.

The Landbanking Group has successfully raised $11 million in Seed funding. This funding round was spearheaded by BonVenture and André Hoffmann and featured participation from investors such as 4P Capital, Vanagon, Planet A, the SUN Institute of the Deutsche Post Foundation, as well as several angel investors and family offices, including notable figures like Prince Maximilian of Liechtenstein, Alexa Firmenich, Jan-Hendrik Goldbeck, and Fabian Strüngmann.

Likeminded, a Berlin-based B2B digital mental health solution provider, has secured an additional €1.5 million in funding to complement its previous Seed funding round. Earlier this year, the healthtech startup successfully concluded a funding round amounting to €5.9 million. This new capital injection, aimed at accelerating Likeminded's growth, was provided by IBB Ventures and the family office N & V Capital.

Circu Li-ion, a Luxembourg-based battery upcycling company dedicated to increasing the value of batteries for environmental sustainability, has announced an €8.5 million seed round. This recent funding consists of €4.5 million in equity, led by BonVenture and supported by an undisclosed consortium of experts in batteries, AI, and industry, as well as a significant contribution from the company's management team. In addition, the investment is augmented by €4 million in grants from the European Innovation Council Accelerator (EICA) and through collaborations with recycling companies and original equipment manufacturers (OEMs), showcasing their commitment to a more eco-friendly future.

Kota, the employee insurance and retirement benefits platform based in Ireland and formerly known as Yonder, has successfully raised €5 million in a Seed funding round. EQT Ventures led this oversubscribed round, with participation from existing investors Northzone and Frontline Ventures. Additionally, notable figures such as Job Van Der Voort, Romain Huet, David Clarke, and others also joined in on the investment. The funding will enable Kota to expand and scale its operations throughout Europe.

Quantum Systems, a Bavaria-based company specializing in the development, manufacturing, and sale of AI-powered drone-robotics, has disclosed the successful completion of a Series B funding round, raising a substantial €63.6 million. With this latest funding, the company's total funding has now exceeded €100 million. HV Capital and DTCP spearheaded this funding round, with additional participation from Project A, Thiel Capital, ScaleUp Fonds Bayern, Omnes Capital, and Airbus Ventures.

Klu, the UK-based platform for large language model applications, has secured $1.7 million in a pre-seed funding round. This round was led by Firstminute Capital and featured participation from a16z, Sequoia Capital, Craft Ventures, Atomico, as well as angel investors associated with Superhuman, IBM, Productboard, and other notable organizations.

Montinutra, a Finnish company specializing in the conversion of forest industry byproducts into sustainable and high-value natural biochemicals that serve as alternatives to fossil-based materials in the chemical and cosmetics sectors, has successfully raised €2 million in pre-Series A funding. This funding round was spearheaded by Metsä Spring, the corporate venture unit of Metsä Group, and saw participation from a syndicate of private investors.

InterLnkd, a travel tech startup headquartered in London, has revealed the successful closure of a £1 million seed funding round. This round was led by Vanneck Ltd., a UK-based investment manager, with the involvement of other angel investors.

Goodbytz, a German foodtech startup, has secured €12 million in a Series A funding round with plans to expand its robotic kitchen assistants internationally. The funding round was primarily led by Oyster Bay, an early supporter of the company, and also included investment from Block Group, who are joining GoodBytz as new investors.

Wheere, a startup based in Montpellier, France, specializing in indoor and outdoor location systems, has successfully raised €11 million in a new funding round. The investment was provided by Blast.Club, SOFILARO Capital Investissement, Bpifrance, and a group of business angels, which includes individuals such as Arnaud Frey, Adrien Montfort, and Jacques Arthur Essebag.

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