This week, more than 70 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between August 12 – 16:
Investments:
3 United Kingdom (UK), 1 Netherlands, 1 Portugal, 1 Iceland
Sectors Received Investments:
1 Financial Services
1 Health Care
1 Gaming
1 Renewable Energy
1 CleanTech
1 Pharmaceutical
News of the Week
🎯 Payment solutions provider Sling Money raised $15 million.
Sling Money, which provides an app that leverages stablecoin and real-time payment technology to allow people to move money anywhere, has raised $15 million in Series A funding round, led by Union Square Ventures, Ribbit Capital and Slow Ventures.
Transaction Type: Investment
Investors: Union Square Ventures, Ribbit Capital, Slow Ventures
Co-founders: Mike Hudack, Simon Amor
Headquarters: The Netherlands
🎯 Tech-enabled teleradiology startup Hexarad raised €13 million.
Hexarad, a tech-enabled teleradiology that supports the remote reporting of medical scans such as CTs, MRIs and X-rays, has raised €13 million from MTIP and Foresight Group.
Transaction Type: Investment
Investors: MTIP, Foresight Group
Headquarters: United Kingdom (UK)
🎯 Gaming distribution platform FRVR raised $12.7 million.
FRVR, a game platform provider, has raised $12.7 million, led by Iberis Capital. Indico Capital Partners, Lince Capital and Hiro Capital also participated in the investment round.
Transaction Type: Investment
Investors: Iberis Capital, Indico Capital Partners, Lince Capital, Hiro Capital
Co-founders: Chris Benjaminsen, Brian Meidell
Headquarters: Portugal
🎯 Novel solution provider Gaussion raised $12 million.
Gaussion, which develops a novel solution using an external magnetic field to enhance battery performance, has raised $12 million in Series A funding round. The investment round was led by Autotech Ventures, with participation from BGF and UCL Technology Fund.
Transaction Type: Investment
Investors: Autotech Ventures, BGF, UCL Technology Fund
Headquarters: United Kingdom (UK)
🎯 Chemical manufacturing company Promethean Particles raised £8 million.
Promethean Particles, which manufactures industrial scale, cost effective nanomaterials with a focus on decarbonisation applications, has raised £8 million in Series A funding round, led by Mercia Ventures and Aramco Ventures. Midlands Engine Investment Fund I, the University of Nottingham, TSP Ventures and the East Midlands Early Growth Fund also participated in the investment round.
Transaction Type: Investment
Investors: Mercia Ventures, Aramco Ventures, Midlands Engine Investment Fund I, he University of Nottingham, TSP Ventures, the East Midlands Early Growth Fund
Headquarters: United Kingdom (UK)
🎯 AI-assisted decision support platform Plaio raised €4.3 million.
Plaio, an Iceland-founded AI-assisted decision support platform for the pharmaceutical industry, has raised €4.3 million. The investment round was led by Iðunn, a venture capital fund managed by Kvika Asset Management, with participation from existing investors Frumtak Ventures and Dr. Agon.
Transaction Type: Investment
Investors: Iðunn, Frumtak Ventures, Dr. Agon
Co-founders: Johann Guðbjargarson
Headquarters: Iceland
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