Last week, 17 startups in the European entrepreneurship ecosystem received investment. The headquarters of the startups that received investment were distributed as United Kingdom, Germany, Netherlands, Latvia, Denmark, Sweden and Finland. 4 startup purchase has been also made.
Investments:
5 Germany, 4 United Kingdom, 3 Netherlands, 2 Latvia, 1 Denmark, 1 Sweden, 1 Finland
Acquisitions:
2 Germany, 1 United Kingdom (UK), 1 Sweden
Bonus:
1 UK-based startup acquires US-based engineering company.
1 London/Glasgow-based startup acquires US-based health care company.
Sectors Received Investments:
3 Fintech
2 Artificial Intelligence
1 Fintech/Proptech
1 Metaverse
1 Medtech
1 Data Analytics
1 HR Tech
1 Automotive
1 Energy
1 Greentech
1 Climate Tech
1 Information Technology
1 Mobility
1 Biotech
News of the Week
🎯 Global payment platform TerraPay raised funding.
TerraPay, a mobile-first payments service that allows anyone, anywhere, to send money to a mobile number instantly, has raised $100 million in its Series B equity financing round, led by IFC and attented by Prime Ventures, Partech Africa, U.S. International Development Finance Corporation (DFC) and other investors.
Transaction Type: Investment
Investment Amount: $100.000.000
Investors: IFC, Prime Ventures, Partech Africa, U.S. International Development Finance Corporation (DFC), other investors
Co-founders: Akbar Hussain, Ambar Sur, Ani Sane, Ram Sundaram
Country: United Kingdom (UK)
🎯 Financial advisor Finanzguru raised funding.
Finanzguru, an ai-powered financial assistant that assists users in managing their accounts and contracts, has raised €13 million. The investment round was led by SCOR Ventures and PayPal Ventures, with participation from existing investors Deutsche Bank, coparion, VR Ventures, Hannover Digital Investments, Venture Stars and Frank Strauss.
Transaction Type: Investment
Investment Amount: €13.000.000
Investors: SCOR Ventures, PayPal Ventures,Deutsche Bank, coparion, VR Ventures, Hannover Digital Investments, Venture Stars, Frank Strauss
Co-founders: Alexander Michel, Benjamin Michel
Country: Germany
🎯 Fintech startup Fourthline raised funding.
Fourthline, which offers an end-to-end KYC and AML compliance solution to regulated institutions like banks, fintechs, and brokers, has raised €50 million from undisclosed investors.
Transaction Type: Investment
Investment Amount: €50.000.000
Investors: –
Co-founders: Chris van Straeten, Krik Gunning
Country: Netherlands
🎯 Manufacturing platform MakerVerse raised funding.
AI-powered on-demand manufacturing supply chain platform MakerVerse, received an investment of €9.4 million in Series A funding round, led by 9.5 Ventures. All investors from the previous Seed round has also particiapated in the investment round, such as Siemens Energy and ZEISS.
Transaction Type: Investment
Investment Amount: €9.400.000
Investors: 9.5 Ventures, other investors
Co-founders: Manish Katoch, Tim Marten Schark, Markus Seibold
Country: Germany
🎯 AI company Teton raised funding.
Teton, an ai-based health tech startup that supports nurses to monitor their patients in real-time, has raised $5.3 million. The investment round was led by Plural VC, with participation from Finn Murphy and PreSeed Ventures.
Transaction Type: Investment
Investment Amount: $5.300.000
Investors: Plural VC, PreSeed Ventures, Finn Murphy
Co-founders: Esben Klint Thorius, Mikkel Wad Thorsen
Country: Denmark
🎯 Mortgage and protection platform Acre raised funding.
Acre, which digitizes and atomizes the home buying processes, has raised €7.3 million. The investment was provided by The McPike Global Family Office and joined by existing investors Aviva and Founders Factory.
Transaction Type: Investment
Investment Amount: €7.300.000
Investors: The McPike Global Family Office, Aviva, Founders Factory
Co-founders: Justus Brown
Country: United Kingdom (UK)
🎯 Metaverse builder LandVault raised funding.
End-To-End metaverse builder LandVault, received an investment of $3 million in extended Series B funding round from The Sandbox, The Gemini Frontier Fund, HodICo and hedge fund Kingsway Capital.
Transaction Type: Investment
Investment Amount: $3.000.000
Investors: The Sandbox, The Gemini Frontier Fund, HodICo, Kingsway Capital
Co-founders: Joe Bachle-Morris, Mohammed Alisrawi, Samuel Huber
Country: United Kingdom (UK)
🎯 Pharmaceuticals company CurifyLabs raised funding.
CurifyLabs, a med-tech startup that allows hospitals and community pharmacies to make tailor made medicines as it provides onsite compounding capabilities, has raised €2.5 million from the European Innovation Council (EIC) Accelerator programme.
Transaction Type: Investment
Investment Amount: €2.500.000
Investors: EIC Accelerator Programme
Co-founders: Charlotta Topelius, Niklas Sandler Topelius
Country: Finland
🎯 Data analytics company Quantexa raised funding.
Quantexa, a data analytics and software company that develops Decision Intelligence (DI) solutions, received an investment of $129 million in Series E funding round with a $1.8 billion valuation. The investment round was led by GIC, with participation from Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO and AlbionVC.
Transaction Type: Investment
Investment Amount: $129.000.000
Investors: GIC, Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO, AlbionVC
Co-founders: Imam Hoque, Vishal Marria
Country: United Kingdom (UK)
🎯 HR solution Hyperjob raised funding.
Hyperjob, a tool that helps prepare job ads and stand out when sourcing candidates, has raised €435.000. The investment round was led by SMOK.vc, with the participation of angel investors Davis Siksnans and Einar Roosileht, among other undisclosed parties.
Transaction Type: Investment
Investment Amount: €435.000
Investors: SMOK.vc, Davis Siksnans, Einar Roosileht, other investors
Co-founders: Janis Kreilis, Juris Sorokins, Roberts Tomme
Country: Latvia
🎯 Driver interaction platform 4.screen raised funding.
4.screen, which connects and interacts with drivers, received an investment of €21 million in Series A funding round, led by S4S Ventures.
Transaction Type: Investment
Investment Amount: €21.000.000
Investors: S4S Ventures
Co-founders: Christoph Mahlert, Fabian Beste, Simon Hecker
Country: Germany
🎯 Heat pumps installation platform HeatTransformers raised funding.
HeatTransformers, which provides a digital platform intended to install hybrid heat pumps, received an investment of €15 million in Series A funding round, led by Energy Impact Partners. Existing investors Fair Capital Partners’ Impact Fund and ENERGIIQ also participated in the investment round.
Transaction Type: Investment
Investment Amount: €15.000.000
Investors: Energy Impact Partners, Fair Capital Partners’ Impact Fund, ENERGIIQ
Co-founders: Stijn Otten
Country: Netherlands
🎯 Smart thermostat developer tado° raised funding.
tado°, which offers smart thermostats and apps that adjust to the real-time behavior of residents in private homes and small businesses, has raised €12 million. The investment round was led by S2G Ventures, with participation from Kiko Ventures, Noventic, Swisscanto Private Equity, Bayern Kapital, Target Partners, Zürcher Kantonal Bank and Trill Impact.
Transaction Type: Investment
Investment Amount: €12.000.000
Investors: S2G Ventures, Kiko Ventures, Noventic, Swisscanto Private Equity, Bayern Kapital, Target Partners, Zürcher Kantonal Bank, Trill Impact.
Co-founders: Christian Deilmann, Johannes Schwarz, Leopold von Bismarck, Valentin Sawadski
Country: Germany
🎯 Waste platform Seenons raised funding.
Seenons, a startup thatuses IT solutions and smart logistics for circular waste management, has raised €10 million from Invest-NL, CapitalT, Tablomonto, Swiss Post and Shamrock Ventures.
Transaction Type: Investment
Investment Amount: €10.000.000
Investors: Invest-NL, CapitalT, Tablomonto, Swiss Post, Shamrock Ventures
Co-founders: Joost Kamermans, Jorn Eiting van Liempt, Martin Kayser
Country: Netherlands
🎯 IT services company FIS.solutions raised funding.
FIS.solutions, a IT services and IT consulting company that develops no-code lending SaaS solution, has raised €250.000. The investment round was led by Expansion Capital.
Transaction Type: Investment
Investment Amount: €250.000
Investors: Expansion Capital
Co-founders: Juris Cirkovs
Country: Latvia
🎯 Electric boat maker X Shore raised funding.
X Shore, a startup that creates all-electric powered boat, has raised €26.5 million from SEB (Skandinaviska Enskilda Banken) and undisclosed investors.
Transaction Type: Investment
Investment Amount: €26.500.000
Investors: SEB, other investors
Co-founders: Konrad Bergström
Country: Sweden
🎯 Silk biopolymers provider AMSilk raised funding.
AMSilk, which produces and distributes high-quality silk biopolymers, received an investment of €25 million in Series C funding round, led by existing investor ATHOS. Novo Holdings, Cargill and MIG Capital also participated in the investment round.
Transaction Type: Investment
Investment Amount: €25.000.000
Investors: ATHOS. Novo Holdings, Cargill, MIG Capital
Co-founders: Lin Römer
Country: Germany
🛒 Utimaco acquires conpal.
Cybersecurity and compliance solutions platform Utimaco has acquired conpal GmbH, which offers IT security solutions for the encryption and authentication of confidential data.
Transaction Type: Acquisition
Investors: Utimaco
Co-founders: –
Country: Germany
🛒 LanguageTool, acquired by Learneo.
US-based business tools platform Learneo has acquired multilingual tool LanguageTool.
Transaction Type: Acquisition
Investors: Learneo
Co-founders: Christopher Blum
Country: Germany
🛒 Tandem Bank acquires Loop Money.
Private personalised banking service Tandem Bank has acquired money-sharing app Loop Money.
Transaction Type: Acquisition
Investors: Tandem Bank
Co-founders: Michelangelo Giacco, Paul Pester
Country: United Kingdom (UK)
🛒 Assently, acquired by Verified.
B2B SaaS company Verified has acquired Assently, which provides turnkey solutions for electronic signatures on contracts and forms.
Transaction Type: Acquisition
Investors: Verified
Co-founders: Andreas Massarsch
Country: Sweden
🛒 Qualitest acquires Q Analysts.
AI-powered quality engineering company Qualitest has acquired US-based quality engineering company Q Analysts.
Transaction Type: Acquisition
Investors: Qualitest
Co-founders: Ross Fernandes
Country: USA
🛒 Truepill, acquired by Phlo.
Digital pharmacy Phlo has acquired UK arm of US-based unicorn Truepill, provider of API-connected healthcare infrastructure.
Transaction Type: Acquisition
Investors: Phlo
Co-founders: Sid Viswanathan, Umar Afridi
Country: USA
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