Startups Funded
Startups Funded:
Europe's entrepreneurial landscape witnessed a surge in funding for startups. Newnex's this week round-up of startups funded to fuel their ventures:
The London-based company, 11xAI, builds automated digital workers that can be used in lieu of human employees, announced the closing of a $2 million pre-seed round led by Project A Ventures, No Label Ventures, Tiny Ventures, and angel investors Felipe Navio and Mandeep Singh also participated in the round
HalalBooking, an online travel agency for hotels focused on the Muslim market, has raised $2.5 million toward its series B round of funding. The round was led by British Business Bank and Angel Investors.
Startup Candam Tech provides innovative technological solutions for rewarding and refund of disposable waste receives €270,000 in an investment round from EIT Innoenergy, Impact ventures, Enion venture partners, and CDTI.
D8X, a Switzerland-based decentralized exchange for derivatives, raised $1.5 million in pre-seed funding. Polygon Ventures, Axelar Network, Swissborg Ventures, and others invested in the round.
Satim, a Krakow-based startup that provides a world-class and unique AI-based software solution for object detection, classification and identification using Synthetic Aperture Radar (SAR) satellite imagery has secured $2 million. The round was led by existing geospatial technology investor specialist Cultivation Capital. Previous investors in the company include Verissimo Ventures, The Flying Object, Everywhere Ventures, Hustle Fund, StartupIst Ventures, and an undisclosed investor from Eastern Europe.
Basel, Switzerland-based KetoSwiss, a biotechnology company, announced that it has secured $4.8M (approximately €4.37M) in a Pre-Series A. The round of funding from Healthspan Capital and ORTHO INNOVATIONS.
Stockholm-based sports fishing app for anglers, Fishbrain AB, has raised $6 million in its latest funding round. The round was led by Industrifonden and Lucerne Capital Management. Funds will allow Fishbrain to ‘enhance its technology platform and accelerate market penetration, solidifying its position as the go-to place for anglers’.
Delft-based Villari, a TU Delft spin-off and provider of wireless structural health monitoring technology, announced that it has secured €2.5M in a seed round of funding. The investment comes from lead investor FORWARD.one, and co-investors InnovationQuarter Capital and Delft Enterprises.
Meatable, based in Netherlands, is adding to that excitement with the announcement of $35 million of its own new financing. The company, initially making pork products, has now raised $95 million in total funding. Agronomics led the new investment and was joined by new investor Invest-NL, which contributed $17 million, according to the company. Existing investors coming back include BlueYard, Bridford, MilkyWay, DSM Venturing and Wise chairman and founder Taavet Hinrikus.
Stuttgart-based startup Sereact has today raised a $5m seed round to scale its technology that lets warehouse robots autonomously “pick-and-pack” — the process of picking the right type and number of items from shelves and packing them efficiently. The round was led by Point Nine and Air Street Capital.
Germany-based energy firm Kraftblock announced that it has raised €20M in a Series B funding round. Shell Ventures, the venture capital arm of energy giant Shell, led the round with the participation of five other global investors, including Finindus and A&G Energy Transition Tech Fund.
German open-source startup deepset.ai has today raised $30m in funding to continue expanding its product, which gives enterprise customers the tools to build their own search applications with LLMs.It's the company’s third funding round and brings its total raised to $46m. The round was led by Balderton Capital and included returning investors Google Ventures, Harpoon Ventures, System.One and Lunar Ventures.
Amsterdam-based Matrixian Group, a group of companies that strengthens data and AI services in the real estate sector, announced that it has secured €3.5M in a fresh round of funding from Pride Capital Partners.
Cargo Stream, a logistics management platform, has bagged €1 million in funding. The round was led by LitCapital, a private equity firm.
sewts, a Munich, Germany-based deep tech startup, closed a €7m series A financing round. Backers included Emerald Technology Ventures, CNB Capital, EquityPitcher Ventures and Nabtesco Technology Venture and existing shareholders Bayern Kapital, APEX Ventures and HTGF.
Swiss startup SAEKI has launched from stealth with a $2.3 million seed funding round to create fully automated plants with industrial robots using 3D technology to create anything from wings for aircraft to construction site installations. The funding round was led by Wingman Ventures, including participation from Vento Ventures, Getty Capital and angel investors.
Berlin-based energy start-up NeXtWind has secured a financing round of up to $750 million from Sandbrook Capital, together with the Public Sector Pension Investment Board (PSP Investments) and IMCO.
A UK software company Envoke’s virtual demo platform enables equipment manufacturers to give virtual demonstrations of their products to potential buyers worldwide has raised £1m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund.
Kore, the RegTech Software-as-a-Service (SaaS) platform that enables large financial institutions to fast track regulatory compliance has raised just under £2.4 million from Wealth Club members under the Enterprise Investment Scheme (EIS) in a heavily oversubscribed round.
Cytomos, an Edinburgh-based life science company that has developed a proprietary new approach to analysing cells, has secured £4 million to scale up market-testing of its technology platform Cytomos Dielectric Spectroscopy (CDS). The investment round was led by existing investors Archangels with participation from Old College Capital, Scottish Enterprise and new investor British Business Bank.
