European Startups funded recently - Newnex
European Startups funded recently - Newnex Weekly
8 November 2023
Newnex has tracked $440m funding rounds this past week in European Venture Capital.
Nu Quantum, a quantum networking company based in Cambridge, has secured £7 million in what the company is characterizing as a Pre-Series A funding round. Leading this funding round were Amadeus Capital Partners and IQ Capital, both of which have a longstanding history of supporting the company. New investor Expeditions Fund joined them. Additionally, the round saw participation from existing investors Ahren Capital, Seraphim Capital, The University of Cambridge, and Martlet, as well as new investors like Presidio Ventures, backed by Sumitomo Corporation, the National Security Strategic Investment Fund (NSSIF), and Deeptech Labs.
Fero Payment Science, a Dutch online payment solutions provider, has secured $3 million in a seed funding round. The investment comes from notable backers including Coatue, Volta Ventures, and Antler.
HeartBeat.bio, an Austrian biotech startup, has successfully raised €4.5 million in a Pre-Series A funding round. The round was jointly led by i&i Biotech Fund, Invest AG, aws Gründungsfonds II, and Tensor Ventures.
GlassFlow, a startup located in Berlin, focusing on alleviating the challenges faced by event-driven data pipeline developers, has secured $1.1 million in a Pre-Seed funding round. This round was spearheaded by High-Tech Gründerfonds, Robin Capital, TinyVC, and Roosh Ventures, and received backing from angel investors, which includes GitHub CEO Thomas Dohmke, Aiven CTO Heikki Nousiannen, former head of streaming analytics at Google Sergei Sokolenko, and Prof. Dr.-Ing Roland Fassauer, a co-founder at Intershop.
Anapaya Systems, a Swiss-based provider of SCION technology, has revealed that it successfully raised €1.8 million in funding from Mysten Labs, a U.S.-based company specializing in Web3 infrastructure technology and the original contributor to the Sui blockchain, an innovative Layer 1 blockchain and smart contract platform.
Baseflow, a Switzerland-based company specializing in facilitating the acquisition of new citizenships and residencies, has disclosed that it successfully secured €2.3 million in funding. This investment was contributed by a group of notable individuals and entities, including Balaji Srinivasan, Tim Draper, Aragon DAO, Sandeep Nailwal, Roneil Rumburg, Andrea Dusi, Max Merenti, Enzo Coglitore, along with other angel investors and supporters.
Multifi, a London-based credit platform focused on providing small and medium-sized businesses (SMBs) with financial support, has announced a successful funding round in which it raised £10 million. The investment was provided by Fasanara Capital, a London-based asset manager and technology platform with £4 billion under management.
Bioomix , a bioindustrial startup headquartered in Odense, Denmark, has disclosed a successful funding round that raised €6.3 million. This round was spearheaded by West Hill Capital and included contributions from new investors, as well as continued support from existing backers such as PreSeed Ventures (PSV), Planetary Impact Ventures, HBL Invest, and David Hollidge.
SkyCell, a Swiss-based company, has secured $57 million in funding from M&G's Catalyst Fund. This substantial investment will be utilized to further enhance the global pharmaceutical supply chain with the support of SkyCell's temperature-controlled hybrid containers and advanced technological solutions.
Tupu, an agritech startup headquartered in Berlin, has successfully raised $3.2 million in a Seed funding round. This funding round was co-led by FoodLabs and Zubi Capital and attracted participation from Clear Current Capital, FoodHack, IT-Farm, Coast Cap, as well as contributions from angel investors like Roger Hassan and Gil Horsky.
Kausal, a Finnish startup specializing in climate action plans, has secured €880,000 in a Seed funding round, with investments from notable backers like Innovestor and Zubi Capital. The funding will be allocated towards expanding sales and marketing activities in the DACH region and North America
Kuva Space, a company specializing in earth observation based in Espoo, Finland, has recently revealed that it successfully raised €16.6 million in funding. The company's microsatellites possess the remarkable capability to discern the molecular composition of almost any material present on Earth. This funding round was spearheaded by its current investors, Voima Ventures and Nordic Foodtech VC, and saw the participation of Earth VC, a Singapore-based firm.
Atom Bank, headquartered in Durham and known for its app-based banking services, has disclosed that it successfully secured more than £100 million in fresh equity capital from its steadfast shareholders, namely BBVA, Toscafund, and Infinity Investment Partners. This infusion of capital will empower Atom Bank in the UK to expedite the expansion of its balance sheet and enhance its offerings for savers, homeowners, first-time buyers, and small and medium-sized enterprises (SMEs).
Berlin's Cambrium, a startup specializing in synthetic biology, unveiled that it had successfully raised €8 million in a seed funding round. Essential Capital took the lead in this funding round, and the participation came from SNR, Valor Equity Partners, and HOF Capital. This brings the total funding for the company to €11 million, considering previous investment from Merantix.
Spotted Zebra, a workforce management platform with its base in London, has revealed that it successfully raised £7.7 million in a Series A funding round. The primary investor in this round was the pan-European venture capital firm Nauta Capital, and it saw involvement from Act Venture Capital, as well as Spotted Zebra's existing backers, Playfair and Entrepreneur First.
Shakers, a Madrid-based startup specializing in human resources technology (hrtech) and dedicated to simplifying the process of assembling external teams for companies, has secured €6 million in a Seed funding round. The company's goal with this investment is to enhance its capacity and expand its client base, both within Spain and on an international scale. Notably, the €6 million Seed round was spearheaded by Adevinta Ventures, Brighteye Ventures, Athos Capital, and Telefónica's Wayra, often likened to Spain's equivalent of Bpi France in terms of widespread support.
Recyc’ELIT, a French startup located in Chasse sur Rhône, specializing in recycling a wide range of complex textiles and plastics, has revealed that it successfully raised €3.2 million in a new funding round. This investment was primarily driven by Demeter through the Metropolitan Industrial Seed Fund (FAIM) Lyon – Saint-Etienne and UI Investissement. Additionally, the funding round saw participation from Banque des Territoires, which is part of the Caisse des Dépôts Group, Crédit Agricole Création, and undisclosed business angels.
Green Genius, a green energy company based in Lithuania, has reported a successful financing agreement with Citadele Bank of Lithuania, resulting in €6.9 million in funding. This financial injection will be dedicated to the development of an energy-as-a-service solution-oriented power plant, aimed at fulfilling 100% of the electricity requirements for industrial customers through renewable sources. An additional €2.6 million for the project has been secured from the Innovation Fund, which is supported by proceeds from the EU Emissions Trading System and administered by the European Climate, Infrastructure and Environment Executive Agency (CINEA).
Wirepas, a company based in Finland renowned for its expertise in creating scalable and dependable IoT networks, has disclosed that it successfully raised $22 million in a new funding round. Wirepas intends to utilize this funding to bolster its global footprint and solidify its position as the prevailing IoT connectivity standard. The funding round was spearheaded by Highland Europe, a prominent global venture capital firm, and enjoyed participation from both new and existing investors, including Amalfi, IQT, ETF Partners, KPN Ventures, Vito Ventures, and Vesa Laisi. Additionally, support for the company came from Inventure, Karma, and Tesi.
TVARIT, a Frankfurt-based startup specializing in AI and deep tech solutions aimed at assisting metal companies in minimizing manufacturing scrap and energy losses, has unveiled its successful €6.5 million Series A funding round. The funding was prominently led by Momenta, Futury Capital, and 4impact Capital, signifying their strong support for the company's innovative endeavors. Additionally, Matterwave Ventures, an existing investor known for its focus on industrial deep tech, also participated in this funding round.
Sprout.ai, the London-based company specializing in insurance claims automation, has successfully secured £5.4 million in funding. These funds will be channeled into bolstering the company's 'go-to-market strategy', fostering continued innovation, and expediting its growth as it ventures into new insurance sectors and expands into global markets, including the United States. Leading this funding round were Amadeus Capital Partners and Praetura Ventures. Additionally, the round garnered support from Capricorn Capital Partners, Forefront Venture Partners, Verstra Ventures, and Portfolio Ventures Angel Fund.
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