This week, more than 70 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between August 27 – September 2:
Investments:
1 Ireland, 1 Germany, 1 Iceland, 1 France, 1 Finland
Secondary Transactions:
2 Germany, 1 France, 1 Sweden
Sectors Received Investments:
1 Energy
1 Information Technology
1 Travel
1 Health Care
1 Satellite Communication
News of the Week
🎯 LED and solar panel provider UrbanVolt raised €26 million.
UrbanVolt, solar panel provider to commercial rooftops, has raised €26 million from Vardane.
Transaction Type: Investment
Investors: Vardane
Co-founders: Declan Barrett, Kevin Maughan
Country: Ireland
🎯 Deep-tech startup beeOLED raised €13.3 million.
beeOLED, which develops an efficient & stable deep-blue emitter to improve displays in phones, tablets, laptops, TVs and other displays, has raised €13.3 million in Series A funding round, co-led by eCAPITAL and Innovation Industries. KBC Focus Fund, M Ventures, HTGF, TGFS and JBN-Invest also participated in the investment round.
Transaction Type: Investment
Investors: eCAPITAL, Innovation Industries, KBC Focus Fund, M Ventures, HTGF, TGFS, JBN-Invest
Co-founders: Carsten Rothe, Volodymyr Senkovskyy, Jan Blochwitz-Nimoth
Country: Germany
🎯 Online travel agency Travelshift raised $10 million.
Travelshift, which allows companies to effortlessly build a thriving online marketplace for travel bookings, has raised $10 million from General Electric.
Transaction Type: Investment
Investors: General Electric
Co-founders: –
Country: Iceland
🎯 Digital mental health platform Teale raised €10 million.
Teale, a digital mental health platform for employees, has raised €10 million in Series A funding round. The investment round was led by Alter Equity 3P and Bpifrance Digital Venture.
Transaction Type: Investment
Investors: Alter Equity 3P, Bpifrance Digital Venture
Co-founders: Geoffroy Verzat, Julia Néel Biz, Nicolas Merlaud, Gilles Rasigade
Country: France
🎯 Software-enabled satellites provider ReOrbit raised $7.4 million.
ReOrbit, which provides autonomous and interconnected satellites optimised for efficient and reliable delivery of customer space-related data, has raised $7.4 million in Seed funding round. The investment round was led by Inventure VC, with participation from 10x Founders, Icebreaker.vc, Expansion and Yes VC.
Transaction Type: Investment
Investors: Inventure VC, 10x Founders, Icebreaker.vc, Expansion, Yes VC
Co-founders: Sethu Saveda Suvanam
Country: Finland
🛒 Circus acquires Aitme.
Foodtech startup Circus has acquired culinary robotics startup Aitme.
Transaction Type: Acquisition
Investors: Circus
Co-founders: Emanuel Pallua, Julian Stoss
Country: Germany
🛒 SlimPay, acquired by Trustly.
Global payments method Trustly has acquired recurring payments provider SlimPay for €70 million.
Transaction Type: Acquisition
Investors: Trustly
Co-founders: Jean-Louis Hoenen, Jerome Traisnel
Country: France
🛒 atNorth acquires Gompute.
High-performance computing and artificial intelligence service provider atNorth has acquired high performance computing solution Gompute.
Transaction Type: Acquisition
Investors: atNorth
Co-founders: –
Country: Sweden
🛒 Denario, acquired by PandaDoc.
Document and payment workflow platform PandaDoc has acquired fintech startup Denario.
Transaction Type: Acquisition
Investors: PandaDoc
Co-founders: –
Country: Germany
Other News:
📌 Finland-based VC firm Greencode Ventures has announced its new €40 million fund to support European startups that are accelerating the green transition.
📌 Netherlands-based deeptech VC firm has launched a new €60 million fund to support early-stage photonic chip startups and scale-ups.
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