This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between May 20 – 24:
Investments:
2 United Kingdom (UK), 1 Germany, 1 France, 1 Finland, 1 Ireland
Secondary Transactions:
2 Germany
Sectors Received Investments:
1 Artificial Intelligence
1 Retail & Software
1 Education
1 Biotechnology
1 Machine Learning & Biotechnology
News of the Week
🎯 AI startup DeepL raised $300 million.
DeepL, an artificial intelligence translation and writing solutions provider, has raised $300 billion, led by Index Ventures. Iconiq Growth, Teachers’ Venture Growth, IVP, Atomico and WiL also participated in the investment round.
Transaction Type: Investment
Investors: Index Ventures, Iconiq Growth, Teachers’ Venture Growth, IVP, Atomico, WiL
Co-founders: Jaroslaw Kutylowski
Headquarters: Germany
🎯 Order management systems provider OneStock raised $72 million.
OneStock, which provides a centralised platform to manage retail end-to-end order fulfilment and visibility, has raised $72 million from Summit Partners.
Transaction Type: Investment
Investors: Summit Partners
Co-founders: Romulus Grigoras, Benoit Baccot
Headquarters: France
🎯 Online marketplace platform Zen Educate raised $37 million.
Zen Educate, an online platform to connect supply teachers with openings in schools, has raised $37 million in Series B funding round. The investment round was led by Round2 Capital, with participation from FJ Labs, Brighteye Ventures, Ascension Ventures and Adjuvo.
Transaction Type: Investment
Investors: Round2 Capital, FJ Labs, Brighteye Ventures, Ascension Ventures, Adjuvo
Co-founders: Oren Cohen, Slava Kremerman
Headquarters: United Kingdom (UK)
🎯 Biotechnology startup Enifer raised €36 million.
Enifer, which provides harness the power of fungal fermentation to upcycle agrifood industry byproducts, has raised €36 million in debt financing round from Finnvera Venture Capital and Finnish Climate Fund.
Transaction Type: Investment
Investors: Finnvera Venture Capital, Finnish Climate Fund
Co-founders: Joosu Kuivanen, Simo Ellilä
Headquarters: Finland
🎯 Drug discovery company LabGenius raised €40.9 million.
LabGenius, a drug discovery company that develops next-generation therapeutic antibodies, has raised €40.9 million in Series B funding round, led by M Ventures. Octopus Ventures, LG Corp, Atomico, Kindred Capital, Lux Capital and Obvious Ventures also participated in the investment round.
Transaction Type: Investment
Investors: M Ventures, Octopus Ventures, LG Corp, Atomico, Kindred Capital, Lux Capital, Obvious Ventures
Co-founders: James Field
Headquarters: United Kingdom (UK)
🎯 Restaurant management platform Nory raised $16 million.
Nory, an AI operating system that helps hospitality businesses, has raised $16 million in Series A. The investment round was led by Accel, with participation from CircleRock Capital, Cavalry, Playfair, Samaipata, and Triplepoint.
Transaction Type: Investment
Investors: Accel, CircleRock Capital, Cavalry, Playfair, Samaipata, Triplepoint
Co-founders: Conor Sheridan
Headquarters: Ireland
🛒 Doctolib acquires Aaron.ai.
Healthtech company Doctolib has acquired provider of AI-based telephone assistance solutions for medical practices Aaron.ai.
Transaction Type: Acquisition
Investors: Doctolib
Co-founders: –
Headquarters: Germany
🛒 FE fundinfo acquires Dericon.
Financial data company FE fundinfo has acquired wealth management fintech Dericon.
Transaction Type: Acquisition
Investors: FE fundinfo
Co-founders: –
Headquarters: Germany
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