Last week, 23 startups in the European entrepreneurship ecosystem received investment. The headquarters of the startups that received investment were distributed as United Kingdom, France, Germany, Ireland, Denmark, Switzerland, Netherlands, Estonia and Poland. 6 startup purchase has been also made.
Investments:
7 United Kingdom (UK), 5 France, 3 Germany, 2 Switzerland, 2 Netherlands, 1 Ireland, 1 Poland, 1 Estonia
Acquisitions:
2 Italy, 1 United Kingdom (UK), 1 Germany, 1 Netherlands, 1 Ireland
Sectors Received Investments:
2 Healthtech
2 Biotech
2 Fintech
2 Software
2 Climate Tech
2 Edtech
2 E-commerce
1 Artificial Intelligence
1 Data
1 Crypto
1 Cleantech
1 Web3
1 Quantum Computing
1 Cyber Security
1 HR Tech
1 Agritech
News of the Week
🎯 Health tech startup GenoME Diagnostics raised funding.
GenoME Diagnostics, a startup that develops solutions for the early diagnosis of ovarian cancer, has raised €1.5 million from QUBIS, Co-Fund NI, Deepbridge Capital and InnovateUK.
Transaction Type: Investment
Investment Amount: €1.500.000
Investors: QUBIS, Co-Fund NI, DeepBridge Capital, InnovateUK
Co-founders: Paul Mullan, James Beirne, Laura Feeney
Country: United Kingdom (UK)
🎯 Blood test developer CanSense raised funding.
CanSense, a blood test developer that offers to detect early-stage bowel cancer, has raised £1.5 million. The investment round was led by Mercia, the Development Bank of Wales and Nonacus.
Transaction Type: Investment
Investment Amount: £1.500.000
Investors: Mercia, the Development Bank of Wales, Nonacus
Co-founders: Cerys Jenkins
Country: United Kingdom (UK)
🎯 Biotechnology platform Iktos raised funding.
Iktos, a startup that focuses on new drug design and discovery, received an investment of €15.5 million in Series A funding round. The investment round was co-led by Debiopharm Innovation Fund and M Ventures, with participation from Omnes Capital.
Transaction Type: Investment
Investment Amount: €15.500.000
Investors: Debiopharm Innovation Fund, M Ventures, Omnes Capital
Co-founders: Nicolas Do Huu, Quentin Perron, Yann Gaston-Mathe
Country: France
🎯 Food colorants developer Chromologics raised funding.
Biotech startup Chromologics, which develops innovative natural food colorants, has raised €7.1 million. The investment round was led by Vaekstfonden, Novo Holdings, Nordic Foodtech VC, Blue Horizon Corporation, Giampaolo Cagnin, as well as new investors Doehler Ventures and Thia Ventures.
Transaction Type: Investment
Investment Amount: €7.100.000
Investors: Vaekstfonden, Novo Holdings, Nordic Foodtech VC, Blue Horizon Corporation, Giampaolo Cagnin, Doehler Ventures, Thia Ventures
Co-founders: Anders Odum, Gerit Tolborg
Country: Denmark
🎯 Personal loans provider Abound raised funding.
Abound, a consumer lending financial firm that provides personal loans, has raised £540 million from Citi, Waterfall Asset Management, K3 Ventures, GSR Venture and Hambro Perks.
Transaction Type: Investment
Investment Amount: £540.000.000
Investors: Citi, Waterfall Asset Management, K3 Ventures, GSR Venture, Hambro Perks
Co-founders: Dr Michelle He, Gerald Chappell
Country: United Kingdom (UK)
🎯 Fintech startup N2F raised funding.
N2F, a startup that provides expense management software to companies, has raised €24 million from PSG Equity.
Transaction Type: Investment
Investment Amount: €24.000.000
Investors: PSG Equity
Co-founders: Jean Joseph
Country: France
🎯 Communications platform Unipile raised funding.
Multi-channel communications platform Unipile, has raised €1.5 million in its first funding round. The investment round was led by Bpifrance.
Transaction Type: Investment
Investment Amount: €1.500.000
Investors: Bpifrance
Co-founders: Julien Crepieux
Country: France
🎯 Confidential computing company Edgeless Systems raised funding.
Edgeless Systems, which develops open source software for confidential computing, received an investment of €5 million in Seed funding round. The investment round was led by SquareOne, with participation from angel investors including Evan Weaver, Mirko Novakovic, Paolo Negri, Mathias Biilman and Chris Back.
Transaction Type: Investment
Investment Amount: €5.000.000
Investors: SquareOne, Evan Weaver, Mirko Novakovic, Paolo Negri, Mathias Biilman, Chris Back
Co-founders: Felix Schuster, Thomas Tendyck
Country: Germany
🎯 Carbon utilisation startup ViridiCO2 raised funding.
ViridiCO2, a startup that delivers innovative, capable of addressing the lack of mitigative Carbon Capture Utilisation technology, received an investment of $3.3 million in Seed funding round led by EQT Ventures.
Transaction Type: Investment
Investment Amount: $3.300.000
Investors: EQT Ventures
Co-founders: Dr. Daniel Stewart, Robert Raja
Country: United Kingdom (UK)
🎯 Solar module manufacturer Roofit.solar raised funding.
Roofit.solar, a startup that provides solar panel solutions to homeowners, has raised €6.45. The investment round was led by existing investors BayWa r.e. Energy Ventures and EdgeCap Partners.
Transaction Type: Investment
Investment Amount: €6.450.000
Investors: BayWa r.e. Energy Ventures, EdgeCap Partners
Co-founders: Andres Anijalg, Andri Jagomägi, Raimond Russak
Country: Estonia
🎯 EdTech company Coding Giants raised funding.
Coding Giants, which offers new technology courses for students 7 to 19 years old, has raised €3.5 million from PortfoLion Capital Partners and Nunatak Capital.
Transaction Type: Investment
Investment Amount: €3.500.000
Investors: PortfoLion Capital Partners, Nunatak Capital
Co-founders: Branka Bebic
Country: Poland
🎯 Education platform MentorShow raised funding.
Online learning and education platform MentorShow, has raised €15 million. The investment round was led by Educapital ve Crédit Mutuel Innovation, with participation from Left Lane Capital, All Iron Ventures and existing investors.
Transaction Type: Investment
Investment Amount: €15.000.000
Investors: Educapital ve Crédit Mutuel Innovation, Left Lane Capital, All Iron Ventures, other investors
Co-founders: Léo Dubert, Mathieu Moreno
Country: France
🎯 E-commerce platform Elyn raised funding.
Elyn, a platform that wants to offer flexibility to e-commerce online payments, received an investment of $2.7 million in pre-Seed funding round led by Headline and Sequoia Arc.
Transaction Type: Investment
Investment Amount: $2.700.000
Investors: Headline, Sequoia Arc
Co-founders: El Mehdi Hachad, Lucas Patricot, Hamza Sentissi
Country: France
🎯 Management platform Threecolt raised funding.
Threecolt, a provider of management platform for e-commerce, received an investment of £75.4 in Series A funding round from Crossbeam Venture Partners, General Global Capital, Stratos and CoVenture.
Transaction Type: Investment
Investment Amount: £75.400.000
Investors: Crossbeam Venture Partners, General Global Capital, Stratos, CoVenture
Co-founders: Yoda Yee
Country: United Kingdom (UK)
🎯 AI startup Unitary raised funding.
Unitary, a platform that evaluates the level of risk the content uploaded to social media, has raised $8 million. The investment round was led by Ian Hogarth, Carolyn Everson, Global Founders Capital, January Ventures and SGH CAPITAL.
Transaction Type: Investment
Investment Amount: $8.000.000
Investors: Ian Hogarth, Carolyn Everson, Global Founders Capital, January Ventures, SGH CAPITAL
Co-founders: James Thewlis, Sasha Haco
Country: United Kingdom (UK)
🎯 Data platform DiffusionData raised funding.
DiffusionData, which builds intelligent real-time applications for companies worldwide, has raised £1 million. The investment round was led by The North East Development Capital Fund.
Transaction Type: Investment
Investment Amount: £1.000.000
Investors: The North East Development Capital Fund
Co-founders: –
Country: United Kingdom (UK)
🎯 Crypto company Relai raised funding.
Relai, which offers a bitcoin buying and saving app, has raised $4.5 million. The investment round was led by Ego Death Capital, with participation of Timechain, Cabrit Capital, Fulgur Ventures, Redalpine, Goat Capital and Lightning Ventures.
Transaction Type: Investment
Investment Amount: $4.500.000
Investors: Ego Death Capital, Timechain, Cabrit Capital, Fulgur Ventures, Redalpine, Goat Capital, Lightning Ventures
Co-founders: Adem Bilican, Julian Liniger
Country: Switzerland
🎯 Cleantech startup Trawa raised funding.
Renewable energy provider Trawa, received an investment of €2.4 million in pre-Seed funding round led by Speedinvest and Magnetic, with participation from TinyVC, The Delta, Anna Alex, Julian Teicke, Tobias Schütt and Alexandre Berriche.
Transaction Type: Investment
Investment Amount: €2.400.000
Investors: Speedinvest and Magnetic, TinyVC, The Delta, Anna Alex, Julian Teicke, Tobias Schütt, Alexandre Berriche
Co-founders: David Budde, Max Lüddemann, Robert Quick
Country: Germany
🎯 Web3 email solution EtherMail raised funding.
Encrypted wallet-to-wallet communication solution EtherMail, received an investment of $4 million in pre-Series A funding round. The investment round was led by Tim Draper and Draper Associates, with participation from MS&AD Ventures.
Transaction Type: Investment
Investment Amount: $4.000.000
Investors: Tim Draper, Draper Associates, MS&AD Ventures
Co-founders: –
Country: Switzerland
🎯 Quantum computing startup QuantumWare raised funding.
QuantWare, a provider of large-scale superconducting quantum processors, received an investment of €6 million in Seed funding round led by Forward.One, with participation from QDNL Participations and Graduate Entrepreneur.
Transaction Type: Investment
Investment Amount: €6.000.000
Investors: Forward.One, QDNL Participations, Graduate Entrepreneur
Co-founders: Alessandro Bruno, Matthijs Rijlaarsdam
Country: Netherlands
🎯 Digital identity solution Yoti raised funding.
Yoti, a digital identity platform that provides secure identity verification, has raised £10 million from Lloyds Banking Group.
Transaction Type: Investment
Investment Amount: £10.000.000
Investors: Lloyds Banking Group
Co-founders: Duncan Francis, Noel Hayden, Robin Tombs
Country: United Kingdom (UK)
🎯 HR Tech Ordio raised funding.
Deskless workforce management platform Ordio, received an investment of €2.9 million in Seed funding round from Capnamic and Simon Capital.
Transaction Type: Investment
Investment Amount: €2.900.000
Investors: Capnamin, Simon Capital
Co-founders: David Keuenhof, Gregor Pilz
Country: Germany
🎯 Agritech startup Agurotech raised funding.
Agurotech, which offers profitability management and carbon farming solutions, has raised €1.5 million Navus Ventures and ROM InWest.
Transaction Type: Investment
Investment Amount: €1.500.000
Investors: Navus Ventures, ROM InWest
Co-founders: Joëlle van den Brand, Lilia Planjyan
Country: Netherlands
🛒 BioTouch acquires Titan Solutions.
Provider of healthcare delivery BioTouch, has acquired supply chain management solution Titan Solutions.
Transaction Type: Acqusition
Investors: BioTouch
Co-founders: –
Country: Ireland
🛒 Xinvento acquired by Rhythm Pharmaceuticals.
Biopharmaceutical company Rhythm Pharmaceuticals has acquired biotech company focused on developing therapies for congenital hyperinsulinism, Xinvento.
Transaction Type: Acqusition
Investors: Rhythm Pharmaceuticals
Co-founders: Claudine van der Sande
Country: Netherlands
🛒 Coverflex acquires EatsReady.
Compensation management platform Coverflex has acquired EatsReady, a marketplace for mobile ordering.
Transaction Type: Acqusition
Investors: Coverlflex
Co-founders: Fabio Manola, Giacomo Alpago, Micaela Illy, Olivia Burgio
Country: Italy
🛒 Cabel IP Spa acquired by Scalapay.
Payment solution provider Scalapay has acquired payment institution Cabel IP Spa.
Transaction Type: Acqusition
Investors: Scalapay
Co-founders: Sub-Organization of Cabel Industry
Country: Italy
🛒 Zvoove Group acquires ProSolution.
Zvoove Group, which provides software for personnel & event services, has acquired web-based ERP software solution ProSolution.
Transaction Type: Acqusition
Investors: Zvoove Group
Co-founders: –
Country: Germany
🛒 Comma acquired by Weavr.
Weavr, an online platform that creates digital payment flows, has acquired payment system Comma.
Transaction Type: Acqusition
Investors: Weavr
Co-founders: Tom Beckenham
Country: United Kingdom (UK)
Other News:
📌 UK-based investment firm Infodriver Capital has launched a new $10 million fund to support DeFi, GameFi, and AI startups across the UK, UAE, Europe, and the USA.
📌 Sweden-based VC Node Ventures has launched a new €70 million fund (800 million SEK) to focus on early-stage companies.
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