European Startups funded recently - Newnex Fortnight

26 December 2023

Newnex tracked $677 million in funding rounds over the past two weeks in European Venture Capital.

Seasony, a leading player in the mobile robotics sector for vertical farming, has recently concluded its latest funding round, successfully securing €1.5 million in investment from a distinguished group of investors. The primary contributors to this round were North Ventures and EFIO (Export and Investment Fund of Denmark). Additionally, notable and seasoned business angels such as Vagn Ove Soerensen, Torben Wind, Klaus Holse, Barbara Taudorf Andersen, Nicolaj Reffstrup (Look Up Ventures), and others, participated in the investment round.

Minut, a Malmö, Sweden-based short-term rental property monitoring company, has secured an additional $5 million in funding for its Series B round from Smedvig Capital. Existing investors, including Almaz Capital, Zenith, Kompas, Karma, KPN Ventures, SOSV, Verve, and others, have also participated in supporting Minut's growth.

NeoCarbon, a cleantech startup based in Berlin, has disclosed the successful completion of a €3.2 million seed funding round. RAISE Seed For Good, a fund operated by RAISE Ventures that supports responsible tech leaders in Europe, led the funding round, with participation from PT1 – Proptech1 Ventures, Speedinvest, and Antler. The round also attracted support from notable angel investors such as Christian Vollmann and Matthias Gotta.

Tacto, the German AI-based operating system for resilient supply chains, has secured €50 million in a funding round led by Sequoia Capital and Index Ventures. Existing investors participating in the financing round include Visionaries Club, Cherry Ventures, and UVC Partners.

Plan-B Net Zero, a green energy startup based in Zug with its subsidiary in Mühlheim am Main, is dedicated to promoting renewable energy globally and expediting the shift to a low-carbon future. The Swiss startup has successfully raised €9.2 million in a Series A investment, led by Yamato Capital AG from Switzerland, with the participation of its community from the inception.

Aria, a French fintech addressing the issue of late payments affecting freelancers, has successfully raised €15 million in a Series A funding round. The funding was led by 13books Capital. Other participants in the round include Adevinta Ventures, Ankaa Ventures, Otium Capital, along with notable angel investors like Laurent Ritter (Purple), Mark Ransford, and Guillaume Princen (former Stripe executive).

SCIL Nanoimprint Solutions, headquartered in Eindhoven and specializing in providing technology for patterning nano-structures on large wafers through lithography, has raised more than €10 million in a recent funding round. Invest-NL led the investment through the Deep Tech Fund, with participation from imec.xpand, RSBG Ventures, and Brabantse Ontwikkelings Maatschappij (BOM).

nuvo, a Hamburg-based SaaS startup providing AI-powered data onboarding solutions, has revealed the successful closure of a €3 million seed funding round. La Famiglia led the funding round, with participation from both new and existing investors, including FoodLabs, APX, Collective Ventures, Exxeta Ventures, and several business angels.

Spore.bio, a Paris-based deeptech startup responsible for the development of the world's inaugural real-time pathogen detection device designed for factories, has disclosed the attainment of €8 million in a pre-seed funding round. LocalGlobe spearheaded the funding round, and it saw the participation of prominent investors and experienced angels in the industry, FMCG, and AI sectors, including EmergingTech Ventures, No Label Ventures, Famille C (Clarins Family Office), Better Angle, Mehdi Ghissassi (Google DeepMind), Roxane Varza (Station F), and others.

German Bionic, a robotics company located in Bavaria, Germany, specializing in the development and manufacturing of smart power suits and wearable technologies, has revealed the successful acquisition of €15 million in an extended Series A funding round. The funding round was headed by German automotive supplier Mubea, with involvement from existing investors Benhamou Global Ventures, Bayern Kapital, IT Farm, Kailua Ventures, Cumberland VC, and Family Office Klein.

Carthera, a medtech company that originated as a spin-off from Sorbonne University, has disclosed an additional €4.5 million in funding to supplement its Series B financing round, resulting in a total raised amount of €42 million. The company has expanded its investor pool with the inclusion of its first U.S.-based venture capital firm, Unorthodox Ventures, while existing shareholders Supernova Invest, Saint-Genys, and Bouscas Med also contributed to the funding.

Pivot, an advanced spend management solution deemed to outperform Oracle NetSuite's procurement component or Coupa, has successfully secured $21.6 million in a recent Series A funding round. The funding comes primarily from existing investors, including Visionaries, Emblem, Anamcara, and Oliver Samwer.

Swiss company Metafuels, a developer of sustainable aviation fuel compatible with existing aircraft, has disclosed raising €8 million in Seed funding. This investment is provided by climate-focused venture capital firms Energy Impact Partners (EIP) and Contrarian Ventures.

Estonian sustainable packaging firm Woola has revealed a funding round amounting to €2.5 million. The company specializes in crafting protective wool packaging as an eco-friendly alternative to plastic. Metaplanet leads the funding, with continued support from Future Ventures and Lemonade Stand—both longstanding investors in Woola since 2021—alongside contributions from new angel investors.

Dutch-Norwegian cleantech company SolarDuck has secured €15 million in additional funding to advance its Offshore Floating Solar power technology. The investment comes from a mix of existing and new investors, forming an international consortium that includes Katapult Ocean, Green Tower, Energy Transition Fund Rotterdam, and Invest-NL.

RTI Blockchain, headquartered in Delft, has successfully raised €2.5 million in a recent funding round. The Dutch startup specializes in providing digital management solutions for reusable transport items within the logistics sector. With a vision to position blockchain as the leading global solution for load carrier management, RTI Blockchain attracted investment from a diverse group of backers, including experts in technology, logistics, and the Borski Fund.

Ecoworks, a climate-neutral building renovation company, has disclosed one of the most substantial Series A funding rounds in the global construction technology sector, totaling €40 million. The leading contributor to this funding round is World Fund, with additional investments coming from Haniel, KOMPAS VC, and ISAI.

Arbonics, a climate tech startup headquartered in Tallinn, has revealed securing €5.5 million in a Seed round of funding from NordicNinja, Plural, and Tilia Impact Ventures.

Meniga, a fintech startup, has disclosed raising €15 million in its Series D funding round, bringing the total funding for the company to €55 million. The investment comes from prominent European banks Groupe BPCE and Crédito Agrícola, along with leading Icelandic venture capital group Omega ehf, and involvement from various existing shareholders.

Wholesale procurement platform Qogita is coming out of stealth mode and revealing it has secured €80 million in Series B funding, led by Dawn Capital. Previous investors, including Series A lead Accel and Seed co-leads LocalGlobe and Bessemer Venture Partners, also participated in this round.

Estonia-based RegTech firm Salv, focused on combating financial crime, has recently revealed the successful acquisition of €3.9 million in new funding. The funding round includes contributions from existing investors Passion Capital, G+D Ventures, and ff Venture Capital, as well as new investors yet to be disclosed.

Jenesys AI, a London-based fintech startup under the umbrella of GenAI, which is developing an AI 'bookkeeper' to assist with B2B payments and compliance in back office accounting, has successfully raised $1.1 million in a pre-seed funding round. The funding was spearheaded by seasoned AI investors Nick Slater and John Spindler from London's Twin Path Ventures. It also saw participation from Fuel Ventures, Antler, Hatcher+ in Singapore, and experienced angel investors from both the US and UK.

Vienna-based SaaS scale-up HYDROGRID revealed on Friday that it has raised $8.5 million in a Series A funding round. The funding was led by new shareholders Inven Capital and Karma Ventures, with additional contributions from existing investors CNB Capital and SET Ventures. This infusion of capital will enable the Austrian scale-up to expand into new markets and make strides toward a zero-carbon future.

Vectoflow, the manufacturer of 3D printed flow measurement systems, is excited to declare the successful closure of its Series A investment round, securing €4 million in funding. The round was supported by new key investors, including Bayern Kapital Innovations fonds II, WN Invest, asto One Investment, argo vantage, Schwarz Holding, Dr. Rolf Pfeiffer, along with existing seed investors AM Ventures and KfW Bankengruppe.

Norway-based BRUDELI, an electric transmission technology firm, has secured approximately €1.34 million in a recent funding round. The funding round was spearheaded by Hexagon Composites ASA and Leax Group AB, significant players in clean fuel and transmission components for commercial vehicles.

CareerFairy, a video recruiting platform targeting Generation Z, has secured a €3.5 million investment, marking its largest funding round to date. The primary investor in this round is the prominent European media group Mediahuis. CareerFairy also enjoys support from investors such as Swiss Post Ventures, Backbone Ventures, and business angels from SICITIC, Start Angels, and Business Angels Switzerland.

Spanish startup Green Eagle Solutions has successfully concluded a €6 million Series A funding round. The company offers an AI-powered Enterprise SaaS product designed to automate the operations of renewable energy assets. The Energy Transition Tech Fund of A&G spearheaded the Series A round, with additional commitments from previous investors Kibo Ventures and SET Ventures.

Fiat Republic, the London-based specialist Banking-as-a-Service (BaaS) platform, has declared the successful closure of a $7 million Seed extension round. Participants in the round include first-time investors Kraken Ventures, Fabric Ventures, Arca, Inovo.vc, and Pretiosum Ventures, alongside existing investors Speedinvest, Credo Ventures, and Seedcamp.

Vitt, a London- and Berlin-based startup purporting to offer a comprehensive cash management solution for startups, has secured €1 million in financing. The funding round was spearheaded by Better Tomorrow and Speedinvest. Notably, Max Tayenthal, founder of N26, also participated in the funding round for Vitt.

Munich-based Blickfeld, a manufacturer of LiDAR solutions, has disclosed securing €7.5 million in an initial growth round of funding. The investment was led by private equity firm New Future Capital and UVC Partners, and also included participation from existing investors such as Bayern Kapital, Continental, Fluxunit (ams OSRAM Ventures), High-Tech Gründerfonds, and Tengelmann Ventures.

LUMA Vision, headquartered in Dublin and Munich and known for its innovative four-dimensional (4D) cardiac imaging and navigation platform, has declared the successful acquisition of $22 million in a Series A3 funding round. The round was led by existing investors EQT Lifesciences, ABV Uni Fund, and imec.xpand. Additionally, the latest round included three new investors, including an undisclosed multinational strategic investor, Atlantic Bridge Growth Fund, and Bayern Kapital.

Hivello, a startup based in Amsterdam specializing in decentralised physical infrastructure networks (DePIN), has revealed the successful closure of a $1 million pre-seed investment round. The funding round received support from NGC, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT.com Exchange, Genesis Block, and NxGen.

Unlimitd, a leading digital financing platform in France, specializing in revenue-based financing, has announced a significant €100 million investment from Absolute Capital Partners (ACP).

EVUM Motors, a Munich-based startup specializing in the design and manufacturing of electric utility vehicles, has successfully secured €20 million in funding. The investment is led by European growth deep tech private equity firm Jolt Capital, with support from Bayern Kapital and other existing investors.

NETRIS Pharma, a clinical-stage biopharmaceutical startup based in France, focused on developing next-generation molecules targeting cancer resistance, has secured an additional €7.5 million in an extension round. The new investment comes from new investors, including the EIC Fund, following the startup's selection for the EIC accelerator program.

suena, a Hamburg-based startup specializing in AI-driven optimization and power trading services for flexible energy assets, such as large-scale battery storage, has concluded a €3 million seed funding round. The funding was co-led by the Santander InnoEnergy Climate Fund. Additional participation in the round came from existing shareholders EIT InnoEnergy, Raakwark Kaptaal, and Business Angels.

Orbital Eye, a Delft-based company providing monitoring and inspection services, has announced the successful securing of €2 million in a new funding round. The round was spearheaded by S[&]T Ventures, with support from the Netherlands Enterprise Agency (RVO) and the Ministerie van Economische Zaken en Klimaat through the InnovatieKrediet instrument.

HiiROC, a startup with an innovative proprietary process for low-cost, zero-emission hydrogen production, has secured over £30 million from investors. Notable contributors include Melrose, Wintershall Dea, Centrica, HydrogenOne, Hyundai, CEMEX, and Kia.

Lithuanian medical device company Sentante has announced the successful closure of a €6 million Seed funding round. The round was led by Practica Capital, with the participation of the EIC fund.

German data storage startup UltiHash has raised $2.5 million in Pre-Seed funding. The funding round was led by Inventure, with participation from PreSeedVentures, Tiny VC, Futuristic VC, The Nordic Web, Antti Karjalainen (Founder and angel scout for Sequoia Capital), and other private investors.

Copenhagen-based Podimo, a provider of podcast and audiobook subscription services, has secured €44 million in a recent funding round. The investment came from The Danish Export and Investment Fund (EIFO), HighlandX, and Augustinus Fabrikker.

Collaborative visual software company Kosmik has raised $3.7 million in Seed funding. The funding round is led by Creandum, with additional participation from existing investors Alven, Kima Ventures, Betaworks, Amjad Masad (the founder of Replit), Andrew Sutherland (the founder of Quizlet), and other prominent business angels.

IT security provider Link11 has successfully closed another financing round, raising €26.5 million with Dutch investor Pride Capital Partners. The funds will likely support Link11's continued development and expansion of its global security cloud platform, which offers innovative protection against cyber attacks for companies worldwide.

Utrecht-based Campercontact, a platform connecting motorhome travelers with motorhome site providers, has announced securing €2 million in growth funding. The investment, coming from Airbridge Equity Partners, a technology-focused investment firm, is intended to support the platform's expansion and scaling efforts across Europe.

DTE, an Icelandic startup revolutionizing metal production and processing to make it more sustainable, safe, and efficient, has secured an additional $6 million in Series A2 funding. The investment comes from growth investor Eyrir Vöxtur, alongside existing backers, the European Innovation Council (EIC) Fund. This brings the total Series A2 round secured by the company to $16 million, following an earlier $10 million investment earlier this year from Novelis, Metaplanet and previous investors Chrysalix Venture Capital, and Brunnur Ventures.

----

----

Get access to Newnex - www.newnex.io

Join the global VC LP and GP network. Scale VC fund and direct co-investments.