European Startups Raise $2 Billion, with Top 5 Securing $1.5 Billion

Newnex tracks European startup funding in the past month. We tracked $2 billion of capital raise, however the interesting bit, $1.5 billion taken-up by the top-5 startups including Mistral AI ($660m), Black Semiconductor ($279 million including $248 million grants), Volocopter ($220 million), H ($220 million) and CLoover ($125 million).

AI Startups:

1. H (France): Raised $220M seed round to build foundational models, competing with Mistral AI and OpenAI.

  - Investors: Accel (lead), Amazon, UiPath, Eurazeo, Elaia Partners, BpiFrance, Aglaé Ventures, Eric Schmidt, Xavier Niel, FirstMark, Creandum.

2. Mistral AI (France): Raised €600M at €5.8B valuation.

  - Investors: General Catalyst (lead), Lightspeed, Andreessen Horowitz, Bpifrance, BNP Paribas.

3. Cube AI (France): Raised $2.5M in pre-seed funding to automate back-office tasks in logistics.

  - Investors: VentureFriends (lead), Eric Schmidt, Xavier Niel, K5 Global, Rodolphe Saadé, Olivier Pomel, Florian Douetteau.

4. Human Native AI (UK): Raised £2.8M seed funding for legal and ethical data for training large language models.

  - Investors: LocalGlobe (lead), Mercuri.

5. Omi (France): Raised €13M in Series A funding for AI-powered visual generation.

  - Investors: Dawn Capital (lead).

6. Zeliq (France): Raised €9.2M seed round for AI sales solutions.

  - Investors: Exor Ventures (lead), Resonance VC.

7. Plancraft (Germany): Raised €12M Series A funding for AI-based video creation solutions.

  - Investors: Creandum (lead).

8. mika (Germany): Raised €800K in pre-seed funding for generative AI for automated accounting.

  - Investors: Samen Slimmer (lead).

9. StoryBox (Germany): Raised €5.5M in Series A funding for AI-based video creation.

  - Investors: Wille Finance (lead), BayBG, High-Tech Gründerfonds (HTGF), CK Ventures, G8 Way Ventures.

10. NcodiN (France): Raised €3.5M for optical interposer technology.

  - Investors: Elaia, Earlybird Venture Capital, OVNI Capital.

11. Iris.ai (France): Raised €7.64M to enhance its AI engine for scientific research.

  - Investors: Silverline Capital (lead), European Innovation Council (EIC) Accelerator Fund.

Cybersecurity:

1. OnSecurity (UK): Raised £5.5M to develop software for testing vulnerable computer systems.

  - Investors: Gresham House Ventures (lead).

Health and Wellness:

1. Voda (UK): Raised £270K pre-seed funding for LGBTQIA+ mental health services.

  - Investors: Freiraum Ventures (lead), Lightbulb Trust, ULTRA VC.

2. Amber Therapeutics (UK): Raised $100M (£78M) in Series A funding for medical technology.

  - Investors: New Enterprise Associates (lead), F-Prime Capital, Lightstone Ventures, Intuitive Ventures, Oxford Science Enterprises, 8VC.

3. Natural Cycles (Sweden): Raised $55M in Series C funding for the first contraceptive app.

  - Investors: Lauxera Capital Partners (lead), Point72 Private Investments, J.P. Morgan (debt facility).

4. CARÁ Health (Estonia): Raised €620K early seed funding for maternity health and wellness.

  - Investors: Tera Ventures (lead), Startup Istanbul founder Burak Büyükdemir via StartupIst Ventures.

Tech & SaaS:

1. Ittybit (UK): Raised £1.5M for software simplifying large file uploads.

  - Investors: Mercuri (lead), Sure Valley Ventures, Oxford Capital, Baltic Ventures.

2. Slip (UK): Raised €2.9M seed funding for software solutions.

  - Investors: Adjuvo (lead), Haatch Ventures, Unbundled VC, Side by Side Partnership, angels Dan Elton, Julian Burnett.

3. StructureFlow (UK): Raised £4.7M Series A funding for visual modeling of corporate data.

  - Investors: Not specified.

4. Swiipr (UK): Raised £6M (€7M) in Series A funding for travel paytech.

  - Investors: Octopus Ventures (lead), TX Ventures, Solano Partners.

5. Vizcab (France): Extended Series A funding to €9M for LCA software for construction.

  - Investors: KOMPAS VC (lead), Global Brain, Brick and Mortar Ventures.

6. Zefi.ai (Italy): Raised €1.6M in pre-seed funding for AI analyzing company interactions.

  - Investors: 360 Capital (lead), 14Peaks Capital, B-Heroes, BIT, Secways, Aticco Ventures, Growth Engine, Vento, Exor Ventures, Halo.

7. Banktrack (Spain): Raised €2M seed round for treasury management software.

  - Investors: Kfund, 4 Founders Capital, LifeX, ENISA.

8. Resilience (France): Raised $25M for patient remote monitoring.

  - Investors: Picus Capital (lead), Red River West, existing investors.

9. Faircado (Germany): Raised €3M pre-seed funding for AI-powered second-hand shopping.

  - Investors: World Fund (lead), Accel, General Catalyst, Lightspeed Venture Partners, NEA, Northzone.

10. Restate (Germany): Raised $7M seed funding for distributed applications.

  - Investors: Not specified.

11. Claimlane (Denmark): Raised €1.8M seed funding for returns and claims management.

  - Investors: Vendep Capital.

12. Rows (Germany): Raised €8M for cloud platform-based spreadsheet app.

  - Investors: Indico Capital Partners (lead), Cherry Ventures, Accel, Lakestar, Armilar Venture Partners.

Energy & Mobility:

1. Fuuse (UK): Raised £8.7M for EV charge point management.

  - Investors: YFM Equity Partners (lead), Par Equity, angel investors.

2. Gireve (France): Raised €20M for European EV charging expansion.

  - Investors: Partech.

3. Qargo (Belgium): Raised £11M ($14M) Series A for digitizing and decarbonizing trucking.

  - Investors: Balderton Capital.

4. Volocopter (Germany): Raised €200M Series D for air taxi certification.

  - Investors: Avala Capital, Atlantia, Continental, NTT, Tokyo Century.

5. Cloover (Germany): Raised $114M seed funding for renewable energy platform.

  - Investors: Lowercarbon Capital (lead), 9900 Capital, QED.

6. Delta Green (Czech Republic): Raised €2.2M for grid balancing with renewables.

  - Investors: Tilia Impact Ventures (lead), Credo Ventures, Purple Ventures.

Quantum Computing & Advanced Tech:

1. C12 (France): Raised €18M ($19.4M) for quantum computing.

  - Investors: Varsity Capital, EIC Fund, Verve Ventures, 360 Capital, Bpifrance’s Digital Venture fund, BNP Paribas Développement.

2. Q*Bird (Netherlands): Raised €2.5M for quantum security technology.

  - Investors: QDNL Participations, Cottonwood Technology Fund, InnovationQuarter.

3. Black Semiconductor (Germany): Raised €254M for graphene-based chip technology.

  - Investors: Porsche Ventures, Project A Ventures, Scania Growth, Capnamic, TechVision Fonds, German Ministry of Economic Affairs, North Rhine-Westphalia.

4. NcodiN (France): Raised €3.5M for optical interposer technology.

  - Investors: Elaia, Earlybird Venture Capital, OVNI Capital.

5. Neural Concept (Switzerland): Raised $27M Series B to apply AI for design optimization.

  - Investors: Forestay Capital (lead), D.E. Shaw group, Alven, Constantia New Business, HTGF, Aster Group.

Others:

1. Uprent (Netherlands): Raised €200K pre-seed funding to transform the rental search process with AI.

  - Investors: Not specified.

2. THIS (UK): Raised £20M Series C for plant-based meat alternatives.

  - Investors: Planet First Partners.

3. Qargo (Belgium): Raised £11M ($14M) Series A for digitizing and decarbonizing trucking.

  - Investors: Balderton Capital.

4. Rohlik (Czech Republic): Raised €100M ($118M) for online grocery delivery expansion.

  - Investors: Index Ventures (lead).

5. Karri (Estonia): Raised £775K pre-seed funding for smart walkie-talkies for kids.

  - Investors: 468 Capital.

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