Weekly Startup Ecosystem Overview in Europe / November 6 – 10

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This week, more than 85 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between November 6 – 10:

Investments:

2 Italy, 1 Germany, 1 Austria, 1 Lithuania, 1 France, 1 United Kingdom (UK), 1 Spain

Secondary Transactions:

1 United Kingdom (UK), 1 Finland

Sectors Received Investments:

1 Artificial Intelligence

1 E-Commerce / Marketplace

1 Cloud Computing / Artificial Intelligence

1 Financial Services

1 Video Games / Publishing

1 Logistics / Software

1 Consumer Electronics / Rental

1 Electronics / Software

News of the Week

🎯 Generative AI company Aleph Alpha raised $500 million.

Aleph Alpha, which specializes in researching, developing, and implementing ai-based technologies for both public and private sectors, has raised $500 million in Series B funding round, led by Innovation Park Artificial Intelligence, Bosch Ventures and Schwarz Group. Burda Principal Investments, Christ & Company, Hewlett Packard Enterprise and SAP also participated in the investment round.

Transaction Type: Investment

Investors: Innovation Park Artificial Intelligence, Bosch Ventures and Schwarz Group, Burda Principal Investments, Christ & Company, Hewlett Packard Enterprise, SAP

Co-founders: Jonas Andrulis

Headquarters: Germany

🎯 Refurbished electronics marketplace Refurbed raised $57 million.

Refurbed, an online marketplace for refurbished products, has raised $57 million in Series C funding round. The investment round was led by Evli Growth Partners and C4 Group, with participation from All Iron Venture and Speedinvest.

Transaction Type: Investment

Investors: Evli Growth Partners, C4 Group, All Iron Venture, Speedinvest

Co-founders: Kilian Kaminski, Peter Windischhofer, Jürgen Riedl

Headquarters: Austria

🎯 AI-driven cloud optimization platform CAST AI raised $35 million.

CAST, an ai-driven cloud optimization platform that slashes cloud cost, optimizes DevOps and automates disaster prevention, has raised $35 million in Series B funding round, led by Vintage Investment Partners. Creandum and Uncorrelated Ventures also participated in the investment round.

Transaction Type: Investment

Investors: Vintage Investment Partners, Creandum, Uncorrelated Ventures

Co-founders: Yuri Frayman, Augustinas Stirbis, Laurent Gil

Headquarters: Lithuania / United States

🎯 Payment methods aggregator Qomodo raised €34.5 million.

Qomodo, which offers a variety of payment solutions including BNPL options for retailers and consumers, has raised €34.5 million in pre-Seed funding round. The investment round was led by Fasanara Capital, with participation from Notion Capital, Exor Ventures, Proximity Capital, Ithaca Investment, Lumen Ventures, The Techshop, Primo Ventures, Octopus Ventures, Plug&Play and angel investors.

Transaction Type: Investment

Investors: Fasanara Capital, Notion Capital, Exor Ventures, Proximity Capital, Ithaca Investment, Lumen Ventures, The Techshop, Primo Ventures, Octopus Ventures, Plug&Play, angel investors.

Co-founders: Gianluca Cocco

Headquarters: Italy

🎯 Mobile gaming publisher TapNation raised €15 million.

TapNation, which provides studios with high-potential game concepts and data tools, has raised €15 million from Re-sources Capital and Paluel-Marmont Capital.

Transaction Type: Investment

Investors: Re-sources Capital, Paluel-Marmont Capital

Co-founders: Hervé Montoute, Igor Zabukovec

Headquarters: France

🎯 Shipping management platform ShippyPro raised $15 million.

ShippyPro, an all-in-one shipping management software for global ecommerce merchants and omnichannel brands, has raised $15 million in Series B funding round from Five Elms Capital.

Transaction Type: Investment

Investors: Five Elms Capital

Co-founders: –

Headquarters: Italy

🎯 Rental platform Ooodles raised $12 million.

Ooodles, a fintech company offering SMEs and professionals in the UK a flexible and convenient device-as-a-service rental solution for tech hardware, has raised $12 million from Smart Lenders Asset Management.

Transaction Type: Investment

Investors: Smart Lenders Asset Management

Co-founders: Leonardo Poggiali

Headquarters: United Kingdom (UK)

🎯 Magnetic components digital platform Frenetic raised $12 million.

Frenetic, a digital platform for the simulation, design and production of high-frequency magnetic components for power electronics, has raised $12 million in Series A funding round, led by Kibo Ventures. 42Cap, Join Capital, Bankinter, Bonsai Partners and Big Sur Ventures also participated in the investment round.

Transaction Type: Investment

Investors: Kibo Ventures, 42Cap, Join Capital, Bankinter, Bonsai Partners, Big Sur Ventures

Co-founders: Dr. Chema Molina

Headquarters: Spain

🛒 Crowdcube acquires Semper.

Private market investment platform Crowdcube has acquired secondary liquidity platform Semper.

Transaction Type: Acquisition

Investors: Crowdcube

Co-founders: Balthazar de Lavergne

Headquarters: United Kingdom

🛒 Relevant Audience, acquired by Justtag.

Data-as-a-service platform Justtag has acquired segmented data provider Relevant Audience.

Transaction Type: Acquisition

Investors: Justtag

Co-founders: –

Headquarters: Finland

Other News:

📌 Early stage VC firm Kvanted Ventures has launched a new €70 million to support early stage industrial technology startups in Northern Europe.

📌 Growth VC investor Acton Capital has announced the close of its sixth fund at €225 million to invest in early growth-stage startups across Europe and Canada.

📌 Growth equity firm PSG Equity has closed its second Europe-focused fund at over €2.6 billion.

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