Newnex's round-up of Startups Funded

UK-based startup Borderless, addressing the shortage of care workers in the country, has revealed a successful £2.5 million seed funding round. The startup's innovative approach involves providing care providers with automated vetting and sourcing solutions, simplifying visa processing through one-click procedures, and streamlining relocation management services. The funding round was led by Backed VC, with Tiny VC also participating. Additionally, the startup received backing from several angel investors, notably including former Microsoft executive Charlie Songhurst and Entrepreneur First venture partner Chris Mairs.

Frankfurt-based pharmaceutical compliance data firm, Qualifyze, has secured $12 million in equity funding. Investors include H14 SpA, associated with Italy's Silvio Berlusconi, as well as HarbourVest Partners and HV Capital. This infusion of capital will play a pivotal role in driving Qualifyze's expansion within the life sciences sector, potentially pushing its valuation to around $100 million

Food technology company ENOUGH, which has partnerships with Unilever and Marks & Spencer, has raised 40 million euros ($43.5 million), attracting investment despite signs of a slowdown in the alternative meat and protein sector. ENOUGH, which ferments fungi to produce protein for plant-based chicken, mince and dairy products, said the funding round was led by venture capital firm World Fund and CPT Capital.

German personalized nutrition startup Lykon raised a €10 million Series A round led by Zintinus, with participation from venture debt provider BTG – Bridge To Growth, as well as existing investors including MA Ventures, the venture capital fund of Swiss retailer Migros Aare (managed by Redstone) and media group Ippen Digital.

Kombai, a startup that aims to help front-end developers easily convert UI designs to code using AI, has emerged from stealth and announced a $4.5 million in a seed funding round led by Stellaris Venture Partners and Foundation Capital.

Translucent, a London-based accounting and financial management platform for multi-entity businesses, has raised £5 million in a seed round co-led by Chalfen Ventures and LocalGlobe.

Event discovery and ticketing platform Dice has successfully raised $65 million in funding for its operations. The funding round is led by MUSIC, a venture capital firm helmed by musician and music executive Matt Pincus, known for its focus on music tech startups. Additional participants in this funding round include Structural Capital and Ahdritz Holding LLC, led by Willard Ahdritz, founder and chairman of IP licensing tracking tech startup Kobalt Music, along with previous supporters Exor Ventures and Mirabaud Lifestyle Fund. Notable previous backers of the company include SoftBank, Tony Fadell, Xavier Niel, and the co-founders of DeepMind.

Poolside AI, a startup aiming to create a ChatGPT-like tool for generating software code, has raised an impressive $126 million in a seed funding round. The funding round was led by French billionaire Xavier Niel and US venture capital firm Felicis, with participation from French business angels Rodolphe Saadé and Motier Ventures, along with investors including Bpifrance, NewWave, and Frst. Notably, this round is a $100 million extension of a $26 million seed round announced earlier, which was led by US-based Redpoint Ventures.

YouMakr, an edtech startup redefining the study process with an AI technology that predicts exam questions, has raised a pre-seed funding round of €460k from prominent investors including Praveen Varshney of Varshney Capital, Warwickshire Investment Group and V3 investment syndicate.

Rotterdam-based omnichannel communication platform, Conversation24, has secured €3 million in funding to drive its global expansion initiatives. The support from Holland Capital is set to pave the way for a new phase of customer interactions marked by exceptional personalization and improved user experiences, underscoring the startup's commitment to transforming customer engagement on a global scale.

Finnish construction technology company, Metroc, is disrupting the industry with an AI-powered SaaS tool designed for project discovery, remarkably trained by prisoners. The startup has successfully secured €2 million in a Seed funding round, with Lifeline Ventures taking the lead and participation from angel investors further bolstering the initiative.

Sempach-based Calopad, a startup revolutionizing the pain therapy industry with an intelligent reusable heat patch, has raised €4.2 million in capital from late-seed investors and the technology fund of the Federal Office for the Environment (FOEN). The technology fund guarantees loans to companies whose products make a sustainable contribution to reducing CO2 emissions. 

UK-based startup PROSPECT 100 has secured €700k in pre-seed capital to develop its pioneering platform for co-creation, providing a digital hub for brands to connect and collaborate with creative talent globally. The funding was co-led by pan-European fund BlackWood Ventures, London's QVentures, and Austrian entrepreneur Ferdinand Ahorner. Joining the funding round were prominent angel investors including renowned designer Sean Wotherspoon, Guy Holmes of Gut Records and Snappt, and Adam Perrin of Masomo Games and Marshmallow, collectively affirming the startup's potential to revolutionize creative collaboration.

FUTRAHEAT, an industrial heat pump startup, has secured £689,000 (US$871,000) in funding from Innovate UK, a national funding body, to develop a 300-KW industrial heat pump. This pump aims to provide low CO2, high-temperature heat to various industries. This funding was supplemented by funds from Clean Growth Fund, a clean tech investor that had previously invested £1.5 million in Futraheat earlier in the year.

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