This week, more than 70 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds between April 7 – 11:
Investments:
1 Spain, 1 Turkiye, 1 France, 1 United Kingdom (UK), 1 Germany, 1 Denmark
Sectors Received Investments:
1 Employment
1 Financial Services
1 Accounting
1 Artificial Intelligence
1 Decentralized Finance
1 Quantum Computing
News of the Week
🎯 Workforce marketplace Job&Talent raised €92 million.
Job&Talent, an online staffing marketplace for finding and filling gig-type jobs, has raised €92 million in Series B funding round from Atomico, BlackRock, DN Capital, Hercules, Infravia, Kibo and Kinnevik.
Transaction Type: Investment
Investors: Atomico, BlackRock, DN Capital, Hercules, Infravia, Kibo, Kinnevik
Co-founders: Juan Urdiales, Felipe Navío
Headquarters: Spain
🎯 Embedded finance solutions provider Sipay raised $78 million.
Sipay, which provides payment, e-money and embedded finance solutions for businesses and individuals, has raised $78 million in Series B funding round, led by Elephant VC. QuantumLight and Revolut co-founder Nik Storonsky also participated in the investment round.
Transaction Type: Investment
Investors: Elephant VC, QuantumLight, Nik Storonsky
Co-founders: Nezih Sipahioğlu
Headquarters: Turkiye
🎯 Accounting software platform Pennylane raised €75 million.
Pennylane, which offers a platform integrating accounting software and financial tools, centralizing data for business-accountant collaboration, has raised €75 million. The investment round was co-led by Sequoia Capital, Meritech Capital Partners and CapitalG, with participation from DST Global.
Transaction Type: Investment
Investors: Sequoia Capital, CapitalG, Meritech Capital Partners, DST Global
Co-founders: Arthur Waller
Headquarters: France
🎯 AI infrastructure developer NexGen Cloud raised $45 million.
NexGen Cloud, which offers sustainable cloud IaaS with a focus on HPC and GPU infrastructure, including GPUaaS via Hyperstack, has raised $45 million from Moore & Moore Investment.
Transaction Type: Investment
Investors: Moore & Moore Investment
Co-founders: Chris Starkey
Headquarters: United Kingdom (UK)
🎯 Decentralized physical infrastructure network provider Solix DePIN raised $29.5 million.
Solix DePIN, which develops decentralized physical infrastructure networks, has raised $29.5 million from Eclip Foundation.
Transaction Type: Investment
Investors: Eclip Foundation
Co-founders: –
Headquarters: Germany
🎯 Photonic quantum chips supplier Sparrow Quantum raised €21.5 million.
Sparrow Quantum, which supplies hotonic quantum chips, has raised €21.5 million in Series A funding round from PensionDanmark, EIFO, Novo Holdings, 2xN, LIFTT and European Innovation Council.
Transaction Type: Investment
Investors: PensionDanmark, EIFO, Novo Holdings, 2xN, LIFTT, European Innovation Council
Co-founders: Professor Peter Lodahl
Headquarters: Denmark
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