Startups Funded

UK edtech start-up Grasp has raised a $4M Seed funding round. The round was led by Balderton Capital and will be used to hire talent in product, data science and engineering, as well as further develop the platform. 

QuoIntelligence, provider of threat intelligence, secured €5 million in a seed financing round. The transaction was led by DeepTech VC investor eCAPITAL Entrepreneurial Partners with participation from private investors.

Odore, the customer engagement platform empowering direct-to-consumer (D2C) brands to streamline their marketing efforts, today announces its $5 million Seed round led by Fuel Ventures with participation from existing investors.

Operati secures £480k from Waterspring Ventures and The Development Bank of Wales. Operati offers a first-of-its-kind software solution to help small and medium-sized manufacturing businesses streamline production for bespoke products

Bind-X, a Munich Germany based start-up raised over €10million for sustainable products in agriculture, mining and road construction. Investors include HG Ventures and Saxovent.

Airalo, eSIM marketplace revolutionizing global connectivity, announced the successful completion of its Series B financing round, raising $60 million. Antler Elevate, Liberty Global, Orange, T.Capital, Rakuten Capital, Singtel Innov8, Telefónica Ventures, Sequoia Capital India and SEA's (now known as Peak XV Partners) Surge, KPN Ventures, and I2BF Global Ventures participated in the round.

Poland's Fungies.io raises $850K for no-code platform for the gaming industry. Investors in the round include Depo Ventures, Czech Founders VC, Necto Labs, CV VC, Outlier Ventures, Tatum, and StartupYard.

Nile, a networking startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel, has raised $175 million in a new round to fund its efforts to build a Cisco competitor, the company said. The new round, co-led by March Capital and Saudi Arabia's sovereign wealth fund, Sanabil Investments, also attracted corporate investors including the venture capital arms of Saudi Telecom Company and Liberty Global.

Austria based Tilebox, a space data platform startup, raised a $1.7 million Pre-seed round. The round was led by Cocoa Ventures, Possible Ventures, Remote First Capital, and includes investment from Space Angels such as Findus Ventures and Luis Sanz, CEO of Carto.

Beyond Work raises $2.5M pre-seed round to build human-ai work platform. The round is led by Moonfire Ventures, with co-investment from MIT-affiliated fund E14.

London-based Supportwave raises $2.2M seed funding. the company places IT-specialists on-demand and the round is led by High-tech Gründerfonds, Big Sur Ventures and Fuel Ventures.

LVL Wellbeing raises $10mn Series-A round. The round is led by Abu Dhabi-listed Multiply Group’s subsidiary, MG Wellness Holding.

Orbital, the London, Tallinn and Gibraltar-based traditional finance and crypto payments platform for global enterprises, has raised £5M ($6.4M) in an oversubscribed growth round led by Golden Record Ventures. Participants in the round include New Form Capital, GSRV, Psalion and Luminous Futures. The funding marks Orbital’s first institutional capital raise, having been bootstrapped and profitable since being founded in London in 2017.

Functional Finance, a software platform that integrates and automates data and reporting functions for insurance companies, announced today that it has secured $8 million in seed capital, plus $2 million in SAFE notes for future equity investments. The fundraising round was led by venture capital and growth equity firms New Enterprise Associates, Inc. (NEA), Walkabout Ventures and Altai Ventures, with participation from industry titan Hank Greenberg's C.V. Starr Insurance and other premier investors.

Lula, a startup which aims to be the “Stripe for insurance,” has raised $35.5 million in a Series B funding round after experiencing a massive surge in customers. Founders Fund and Khosla Ventures co-led the round, which also included participation from SoftBank’s SB Opportunity Fund, hedge fund manager Bill Ackman, Shrug Capital, Steve Pagliuca (Bain Capital co-chairman and Boston Celtics owner), Tiny Capital’s Andrew Wilkinson. Existing backers such as Nextview Ventures and Florida Funders also invested, in addition to a number of insurance and logistics groups such as Flexport.

Munich-based HOLOGATE, a media company that specialises in extended reality (XR) solutions for entertainment and enterprise, raised €8.3M in a Series A round of funding. The investment was co-led by new investors Bolero Holdings and Vester Partners, with participation from existing investors, including European early-stage VC firm Cherry Ventures.

Ati Motors – a maker of autonomous industrial robots – recently announced the closing of its Series A funding round of $10.85 million. True Ventures led the Series A funding round. And Athera Ventures Partners also joined as a new investor, bringing its extensive experience in deep tech investments. The funding round saw significant participation from previous investors: Blume Ventures, Exfinity Ventures, and MFV Partners.

Text-based microlearning platform, zick learn, has raised €500,000 in funding from Italian edtech investment firm Zanichelli Venture and some angel investors.

Australian clean energy company MGA Thermal, has raised $8.25 million in funding as it prepares to scale its long-duration energy storage (LDES) solution. The fundraising effort attracted strong support from existing investors, including Main Sequence, Varley Holdings, Melt Ventures and New Zealand’s Climate Venture Capital Fund

GoStudent — the late-stage tutor marketplace raised another $95 million in what it calls a strategic fundraise from Deutsche Bank and other investors, including Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2. The raise was described as a mix of equity and debt capital.