This week, more than 70 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between April 29 – May 3:
Investments:
2 United Kingdom (UK), 1 Denmark, 1 Estonia, 1 Belgium
Sectors Received Investments:
1 Financial Services
1 Accounting
1 GreenTech & Renewable Energy
1 Cloud Security
News of the Week
🎯 Financial services provider SumUp raised €1.5 billion.
SumUp, a financial technology company that enables businesses to accept card payments at the point of sale or on the go, has raised €1.5 billion from Goldman Sachs.
Transaction Type: Investment
Investors: Goldman Sachs
Co-founders: Jan Deepen, Marc-Alexander Christ
Headquarters: United Kingdom (UK)
🎯 Cloud-based accounting software Ageras raised €82 million.
Ageras, an online marketplace for accounting, bookkeeping, and tax preparation services, has raised €82 million in private equity round from Lazard Asset Management, Investcorp and Folketrygdfondet.
Transaction Type: Investment
Investors: Lazard Asset Management, Investcorp, Folketrygdfondet
Co-founders: Martin Thorborg, Rico Andersen
Headquarters: Denmark
🎯 Green hydrogen solutions provider Stargate Hydrogen raised €42 million.
Stargate Hydrogen, which offers turn-key electrolysis solutions for the production of green hydrogen with renewable energy, has raised €42 million in Seed funding round, led by UG Investments and IPCEI.
Transaction Type: Investment
Investors: UG Investments, IPCEI
Co-founders: –
Headquarters: Estonia
🎯 Security platform Aikido raised $17 million.
Aikido Security, which provides a unified platform for code and cloud security, simplifying vulnerability management for developers, has raised $17 million in Series A funding round. The investment round was led by Singular, with participation from Notion Capital and Connect Ventures.
Transaction Type: Investment
Investors: Singular, Notion Capital, Connect Ventures
Co-founders: Roeland Delrue, Felix Garriau, Willem Delbare
Headquarters: Belgium
🎯 Insurance technology startup Urban Jungle raised £11.2 million.
Insurtech startup Urban Jungle has raised £11.2 million from Existing investors include Intact Ventures, Ingka Investments, Mundi Ventures, Eka Ventures and Sony Innovation Fund.
Transaction Type: Investment
Investors: Intact Ventures, Ingka Investments, Mundi Ventures, Eka Ventures, Sony Innovation Fund
Co-founders: Greg Smyth, Jimmy Williams
Headquarters: United Kingdom (UK)
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