This week, more than 65 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds between May 5 – 9:
Investments:
3 United Kingdom (UK), 2 Germany
Sectors Received Investments:
1 Financial Services
1 Aerospace
1 Data Integration
1 Browser Extensions
1 Human Resources
News of the Week
🎯 Financial wellness platform Wagestream raised £300 million.
Wagestream, a financial wellness platform that allows employees to access a portion of their earned wages before payday, has raised £300 million in debt financing round from Citi.
Transaction Type: Investment
Investors: Citi
Co-founders: Portman Wills
Headquarters: United Kingdom (UK)
🎯 Defencetech startup Quantum Systems raised €160 million.
Quantum Systems, which builds AI-powered eVTOL drones for defense, security, and surveying, specializing in aerial intelligence solutions, has raised €160 million. The investment round was led by Balderton Capital, with participation from Hensoldt, Airbus Defence and Space, Bullhound Capital, LP&E AG, HV Capital, Project A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche SE and Notion.
Transaction Type: Investment
Investors: Balderton Capital, Hensoldt, Airbus Defence and Space, Bullhound Capital, LP&E AG, HV Capital, Project A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche SE, Notion
Co-founders: Florian Seibel
Headquarters: Germany
🎯 Integration platform StackOne raised $20 million.
StackOne, an integration platform that connects SaaS products through APIs, has raised $20 million in Series A funding round, led by Google Ventures. Workday Ventures, XTX Ventures, Episode 1, Playfair, and angel investors from OpenAI, DeepMind, Microsoft and Mulesoft also participated in the investment round.
Transaction Type: Investment
Investors: Google Ventures, Workday Ventures, XTX Ventures, Episode 1, Playfair, and angel investors from OpenAI, DeepMind, Microsoft, Mulesoft
Co-founders: Romain Sestier, Guillaume Lebedel
Headquarters: United Kingdom (UK)
🎯 Open source software developer Eyeo raised €15 million.
eyeo, develops open source software that millions of people use every day to have a better online experience, has raised €15 million in Seed funding round from imec.xpand, Invest-NL, QBIC Fund, High-Tech Gründerfonds and Brabant Development Agency.
Transaction Type: Investment
Investors: imec.xpand, Invest-NL, QBIC Fund, High-Tech Gründerfonds, Brabant Development Agency
Co-founders: Till Faida
Headquarters: Germany
🎯 Compensation data platform Ravio raised $12 million.
Ravio, a real time compensation benchmarking platform to understand salary and equity benefits, has raised $12 million in Series A funding round from Spark Capital, Blackbird and Cherry Ventures.
Transaction Type: Investment
Investors: Spark Capital, Blackbird, Cherry Ventures
Co-founders: Merten Wulfert
Headquarters: United Kingdom (UK)
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