Weekly Startup Ecosystem Overview in Europe / 20 – 26 February

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Last week, 17 startups in the European entrepreneurship ecosystem received investment. The headquarters of the startups that received investment were distributed as United Kingdom, France, Germany, Netherlands, Belgium, Norway, Sweden, Scotland and Spain. 1 startup purchase has been also made.

Investments:

7 United Kingdom (UK), 2 Germany, 2 France, 1 Scotland, 1 Spain, 1 Netherlands, 1 Belgium, 1 Norway, 1 Sweden

Acquisitions:

1 Netherlands

Sectors Received Investments:

2 Data

2 Financial Technologies

2 SaaS

2 Agricultural Technologies

1 Gaming

1 Syber Security

1 Green Tech

1 Quantum Computing

1 Electronics

1 Software

1 Blockchain/Web3

1 Social Friendship

News of the Week

🎯 Data analytics platform Topolytics raised funding.

Topolytics, a platform that Combining waste management and data analytics has received an investment of €1.7 million from UK and US-based investors.

Transaction Type: Investment

Investment Amount: €1.700.000

Investors: UK and US-based investors

Co-founders: Gordon Cowtan, Michael Groves

Country: Scotland

🎯 Data platform Qbeast raised funding.

Qbeast, the platform that makes it easy to manage data pools, received an investment of €2.5 million in the seed investment tour led by Elaia. Sabadell Venture Capital, Oscar Salazar, Inveready, BStartup Banco Sabadel and angel investors also participated in the investment tour.

Transaction Type: Investment

Investment Amount: €2.500.000

Investors: Elaia, Sabadell Venture Capital, Oscar Salazar, Inveready, BStartup Banco Sabadel, melek yatırımcılar

Co-founders: Cesare Cugnasco, Pol Santamaria, Paola Pardo, Clemens Jesche, Nicolas Escartin

Country: Spain

🎯 Fintech startup Finway raised funding.

Finway, an expense management platform for SMEs, has raised €9.2 million in the Series A investment round. The investment round was led by Capital 49. ForceOverMass, Paul Forster, btov Partners and 10x group also participated.

Transaction Type: Investment

Investment Amount: €9.200.000

Investors: Capital 49, ForceOverMass, Paul Forster, btov Partners, 10x group

Co-founders: Csaba Krümmer, Jennifer Dussileck, Philipp Rieger

Country: Germany

🎯 Car buying platform Carmoola raised funding.

Carmoola, a platform that offers quick financing for people who want to buy second-hand cars, has raised €10.27 million in the Series A investment round. The investment tour led by QED Investors and held with VentureFriends and InMotion Ventures.

Transaction Type: Investment

Investment Amount: €10.270.000

Investors: QED Investors, VentureFriends, InMotion Ventures

Co-founders: McKechnie, Igor Gordiichuk, Jasper Dykes, Roman Sumnikov

Country: United Kingdom

🎯 SaaS startup konfetti raised funding.

konfetti, a startup that digitizing the activities for keep teams together, received an investment of €2 million in the seed investment tour led by Speedinvest. Peak, Angel Invest and Atomico Angel Fund also participated in the investment tour.

Transaction Type: Investment

Investment Amount: €2.000.000

Investors: Speedinvest, Peak, Angel Invest, Atomico Angel Fund

Co-founders: Wolfgang Mauer, Tobias Fezer

Country: Germany

🎯 Management platform Growyze raised funding.

Management platform for accommodation businesses Growyze, has raised 735 thousand Euros. The investment round was held with the participation of Syndicate Room Access EIS Fund and angel investors.

Transaction Type: Investment

Investment Amount: €735.000

Investors: Syndicate Room Access EIS Fund, angel investors

Co-founders: Zahari Ivanov, Adi Hristova, Kati Hristova

Country: United Kingdom

🎯 Agritech startup Source.ag raised funding.

Source.ag, a startup that trying to make production efficient with artificial intelligence supported greenhouses, has raised $23 million in the Series A investment round. The investment round was led by Astanor Ventures. Acre Ventures Partners also participated.

Transaction Type: Investment

Investment Amount: $23.000.000

Investors: Astanor Ventures, Acre Ventures Partners

Co-founders: Rien Kamman, Ernst van Bruggen

Country: Netherlands

🎯 Vertical farming startup Futura Gaïa raised funding.

Futura Gaïa, a startup that designs ready-to-use vertical farms, received an investment of €11 million. The investment round was held with the participation of UI Investissement, Sofilaro, Région Sud Investissement, Caap Création, Occipac, Elpis, Alain François Raymond, Banque des Territoires, Abeille Impact Investing France, Colam Impact, InvESS’t PACA and Sowefund.

Transaction Type: Investment

Investment Amount: €11.000.000

Investors: UI Investissement, Sofilaro, Région Sud Investissement, Caap Création, Occipac, Elpis, Alain François Raymond, Banque des Territoires, Abeille Impact Investing France, Colam Impact, InvESS’t PACA, Sowefund

Co-founders: Pascal Thomas

Country: France

🎯 Gaming studio Quell raised funding.

Gaming studio Quell, which produces devices for fitness games, has raised $10 million in the Series A investment round. The investment round was led by Tencent.

Transaction Type: Investment

Investment Amount: $10.000.000

Investors: Tencent

Co-founders: Cameron Brookhouse, Doug Stidolph, Lorenzo Spreafico, Martin Tweedie

Country: United Kingdom

🎯 Cyber security platform CyberSmart raised funding.

CyberSmart, which develops cyber security technology and cyber insurance technologies for small and medium-sized businesses, has raised $15.4 million in the the Series B investment round led by Oxx. British Patient Capital,Legal & General Capital, Solano Partners, IQ Capital, Eos Venture Partners, Winton Ventures and SeedCamp also participated in the investment round.

Transaction Type: Investment

Investment Amount: $15.400.000

Investors: Oxx, British Patient Capital, Legal & General Capital, Solano Partners, IQ Capital, Eos Venture Partners, Winton Ventures, SeedCamp

Co-founders: Jamie Akhtar, Mariella Thanner

Country: United Kingdom

🎯 Greentech startup Carbon Maps raised funding.

Carbon Maps, a platform that continuing its activities with the aim of making the food industry more environmentally friendly and sustainable, has raised €4.3 million in its pre-seed investment tour. The investment round was led by Breega and Samaipata.

Transaction Type: Investment

Investment Amount: €4.300.000

Investors: Breega, Samaipata

Co-founders: Patrick Asdaghi, Jérémie Wainstain, Estelle Huynh

Country: France

🎯 Quantum computing startup Quantum Motion raised funding.

Quantum Motion, the startup producing scalable quantum computers, received an investment of $50.5 million in the investment round led by Bosch Ventures. Porsche Automobil Holding SE, British Patient Capital, Oxford Science Enterprises, Inkef, Parkwalk Advisors, Octopus Ventures, IP Group and National Security Strategic Investment Fund also participated in the investment round.

Transaction Type: Investment

Investment Amount: $50.500.000

Investors: Bosch Ventures, Porsche Automobil Holding SE, British Patient Capital, Oxford Science Enterprises, Inkef, Parkwalk Advisors, Octopus Ventures, IP Group, National Security Strategic Investment Fund

Co-founders: John Morton, Simon Benjamin

Country: United Kingdom

🎯 Foodtech startup Paleo raised funding.

Precision fermentation company Paleo has raised €12 million in the Series A investment tour. The investment tour led by DSM Venturing and Planet A Ventures.  Gimv, SFPIM Relaunch, Beyond Impact and Siddhi Capital also participated.

Transaction Type: Investment

Investment Amount: €12.000.000

Investors: DSM Venturing, Planet A Ventures, Gimv, SFPIM Relaunch, Beyond Impact, Siddhi Capital

Co-founders: Andy de Jong, Hermes Sanctorum

Country: Belgium

🎯 Electronics startup EO Charging raised funding.

EO (Electricity Online) Charging, which provides charging solutions for electric vehicles, received an investment of $76 million. The investment round was held with the participation of Vortex Energy and Zouk.

Transaction Type: Investment

Investment Amount: $76.000.000

Investors: Vortex Energy, Zouk

Co-founders: Charlie Jardine

Country: United Kingdom

🎯 Airport management platform AeroCloud raised funding.

AeroCloud, a startup that develops cloud-based airport management software, has raised $12 million in the Series A investment round led by Stage 2 Capital. Triple Point Ventures, I2BF Global Ventures, Praetura Ventures, Playfair Capital and Haatch also participated in the investment round.

Transaction Type: Investment

Investment Amount: $12.000.000

Investors: Stage 2 Capital, Triple Point Ventures, I2BF Global Ventures, Praetura Ventures, Playfair Capital, Haatch

Co-founders: George Richardson, Ian Forde-Smith

Country: United Kingdom

🎯 Blockchain startup Gateway.fm raised funding.

Decentralized blockchain infrastructure provider Gateway.fm, received an investment of €4.3 million in a seed investment round led by Lemniscap. CMT Digital Ventures, the LAO DAO, Folius Ventures, Folius VenturesTRGCMetaweb VenturesVery Early Ventures, Factor Ventures, Fantom Foundation and Unstoppable Domains Ventures also participated in the investment round.

Transaction Type: Investment

Investment Amount: €4.300.000

Investors: Lemniscap, CMT Digital Ventures, the LAO DAO, Folius Ventures, TRGC, Metaweb Ventures, Very Early Ventures, Factor Ventures, Fantom Foundation, Unstoppable Domains Ventures

Co-founders: Igor Mandrigin, Cuautemoc Weber

Country: Norway

🎯 Social friendship app gofrendly raised funding.

Gofrendly, a friendship platform for female users, received an investment of €1.25 million. The investment round was led by JNE Invest. Curitas Ventures also participated.

Transaction Type: Investment

Investment Amount: €1.250.000

Investors: JNE Invest, Curitas Ventures

Co-founders: Ulrika Lilja, Claudia Gård

Country: Sweden

🛒 BinBin acquires GO Sharing.

Micromobility company BinBin has acquired mobility startup Go Sharing, which offers e-moped and e-bike services.

Transaction Type: Acquisition

Investors: BinBin

Co-founders: Doeke Boersma, Donny van den Oever, Raymon Pouwels

Country: Netherlands

Other News of the Week:

📌 Spanish venture capital firm Clave Capital has announced a new €50 million fund for startups operating in the healthcare sector.

📌Amadeus Capital Partners and APEX Ventures collaborate to support early-stage deep technology startups.

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