This week, more than 70 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between August 13 – 19:
Investments:
4 United Kingdom (UK), 2 Germany, 2 Ireland, 1 Netherlands
Secondary Transactions:
1 Czech Republic, 1 Denmark
Sectors Received Investments:
2 Biotechnology
1 Renewable Energy
1 Communications Infrastructure
1 Insurtech
1 Enterprise Software / Mobility
1 Quantum Computing
1 MedTech
1 Software
News of the Week
🎯 Biotech company COMPASS Pathways raised $285 million.
Compass Pathways, a biotechnology company that accelerates patient access to evidence-based innovation in mental health, has raised $285 million in private funding. The investment round was led by TCGX and Aisling Capital.
Transaction Type: Investment
Investors: TCGX, Aisling Capital
Co-founders: Ekaterina Malievskaia, George Goldsmith, Lars Christian Wilde
Country: United Kingdom (UK)
🎯 Research organisation Lindus Health raised $18 million.
Lindus Health, a next-gen CRO running clinical trials for the health and biotech sectors, has raised $18 in Series A funding round, led by Creandum. Amino Collective, Hambro Perks, Peter Thiel and Seedcamp also participated in the investment round.
Transaction Type: Investment
Investors: Creandum, Amino Collective, Hambro Perks Ltd., Peter Thiel, Seedcamp
Co-founders: Meri Beckwith, Michael Young, Nik Haldimann
Country: United Kingdom (UK)
🎯 Renewable energy startup TechMet raised $200 million.
TechMet, a startup that builds projects to secure the supply of the key metals for EVs, energy storage and renewable energy, has raised $200 million in equity round. The investment round was joined by U.S. International Development Finance Corp (DFC), S2G Ventures, Mercuria and Lansdowne Partners.
Transaction Type: Investment
Investors: DFC, S2G Ventures, Mercuria, Lansdowne Partners
Co-founders: Brian Menell
Country: Ireland
🎯 Fibre optic networks developer metrofibre raised €120 million.
metrofibre, which develops fibre optic networks to connect urban communities, has raised €120 million senior debt financing from ING, Kommunalkredit Austria AG and SEB.
Transaction Type: Investment
Investors: ING, Kommunalkredir Austria AG, SEB
Co-founders: Christopher Rautenberg
Country: Germany
🎯 Insurance software provider Fineos raised $40 million.
FINEOS, a global software company that offers technology solutions for the insurance industry, has raised $40 million.
Transaction Type: Investment
Investors: –
Co-founders: Michael Kelly
Country: Ireland
🎯 Mobility platform Zeelo raised $14 million.
Private bus and shuttle transport solutions provider Zeelo, has raised $14 million in Series A extension round, led by FlatzHoffmann, IREON Ventures. InMotion Ventures and ETF Partners also participated in the investment round.
Transaction Type: Investment
Investors: FlatzHoffmann, IREON Ventures, InMotion Ventures, ETF Partners
Co-founders: Barney Williams, Sam Ryan
Country: United Kingdom (UK)
🎯 Quantum computing software developer Phasecraft raised £13 million.
Quantum algorithms startup Phasecraft, has raised £13 million in Series A funding round. The investment round was led by Playground Global, with participation from AlbionVC, Episode1, Parkwalk Advisors, LCIF and UCL Technology Fund.
Transaction Type: Investment
Investors: Playground Global, AlbionVC, Episode1, Parkwalk Advisors, LCIF, UCL Technology Fund
Co-founders: Ashley Montanaro, Toby Cubitt, John Morton
Country: United Kingdom (UK)
🎯 Clinical-stage medtech Xeltis raised €12.5 million.
Xeltis, a clinical-stage medtech company with polymer-based platform of restorative cardiovascular devices, has raised €12.5 million in Series D funding round. The investment round was led by European Innovation Council (EIC) Fund, with participation from DaVita Venture Group, EQT life science, Grand Pharma, Kurma Partners, VI Partners and Ysios Capital.
Transaction Type: Investment
Investors: European Innovation Council (EIC) Fund, DaVita Venture Group, EQT life science, Grand Pharma, Kurma Partners, VI Partners, Ysios Capital
Co-founders: –
Country: Netherlands
🎯 Procurement solutions provider Mercanis raised $10 million.
Mercanis, which offers state-of-the-art software for procurement and sourcing, has raised $10 million in Seed funding round. The investment round was led by Signals VC, DI Technology, and Speedinvest, with participation from Dr. Ulrich Piepel, Dr. Marcell Vollmer, Mirko Novakovic and Victor Jacobsson.
Transaction Type: Investment
Investors: Signals VC, DI Technology, Speedinvest, Dr. Ulrich Piepel, Dr. Marcell Vollmer, Mirko Novakovic, Victor Jacobsson.
Co-founders: Fabian Heinrich, Moritz Weiermann
Country: Germany
🛒 Param acquires Twisto.
Turkish fintech company Param acquires cashflow management and payment app Twisto.
Transaction Type: Acquisiton
Investors: Param
Co-founders: Michal Smida
Country: Czech Republic
🛒 Doccla acquires OpenTeleHealth.
Medtech company Doccla has acquired medically certified cloud-based platform OpenTeleHealth (OTH).
Transaction Type: Acquisition
Investors: Doccla
Co-founders: Thomas Ravnholt
Country: Denmark
Other News:
📌 Alternative asset management firm Hayfin Capital Management, has raised capital commitments in excess of €6 billion target for Hayfin Direct Lending Fund IV.
📌 The Fintech Growth Fund has launched a new £1 billion fund, backed by Mastercard and Barclays. The fund will invest in companies from Series C stage and above.
🟥 StartupCentrum
Find the best startup jobs or launch your future unicorn company, meet the best talents and startups, and get in contact with international accelerators and investors to grow!
For more information startupcentrum.com
To take part in the StartupCentrum Entrepreneurship Ecosystem Summary of Turkey, MENA or Europe series and to be our supporter: [email protected]