Weekly Startup Ecosystem Overview in Europe / August 13 – 19

Here you can read this post in these languages:

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:


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 INGKommunalkredit 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 FlatzHoffmannIREON 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 VCDI 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]

Recent Articles

Related Posts


Lütfen yorumunuzu giriniz!
Lütfen isminizi buraya giriniz