This week, more than 65 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between August 5 – 9:
Investments:
2 United Kingdom (UK), 1 Switzerland, 1 Netherlands
Secondary Transactions:
1 Austria, 1 United Kingdom (UK)
Sectors Received Investments:
1 Quantum Computing
1 Analytics
1 Nanotechnology
1 Electronics & Security
News of the Week
🎯 Quantum error correction startup Riverlane raised $75 million.
Riverlane, which develops software solutions to harness the power of quantum computers for practical applications, has raised $75 million in Series C funding round, led by Planet First Partners. ETF Partners, EDBI, Cambridge Innovation Capital, Amadeus Capital Partners, the UK’s National Security Strategic Investment Fund (NSSIF) and Altair also participated in the investment round.
Transaction Type: Investment
Investors: Planet First Partners, ETF Partners, EDBI, Cambridge Innovation Capital, Amadeus Capital Partners, the UK’s National Security Strategic Investment Fund (NSSIF), Altair
Headquarters: United Kingdom (UK)
🎯 Open-source data science and AI startup Knime raised $30 million.
Knime, which provides an open-source data science and AI platform that enables anyone, has raised $30 million from Invus.
Transaction Type: Investment
Investors: Invus
Headquarters: Switzerland
🎯 Nanoparticle generators developer VSParticle raised €6.5 million.
VSParticle, a nanoparticle synthesis and deposition tools provider, has raised €6.5 million in A2 extension round led by NordicNinja and Plural.
Transaction Type: Investment
Investors: NordicNinja, Plural
Headquarters: The Netherlands
🎯 Home security device Cocoon raised $5.4 million.
Cocoon, which offers modular technology that turns the by-product of green steel into a low-emissions substitute for cement making it possible for the steel and concrete industries to decarbonize faster together, has raised $5.4 million in pre-Seed funding round from Wireframe Ventures, Celsius Industries, Gigascale Capital and SOSV.
Transaction Type: Investment
Investors: Wireframe Ventures, Celsius Industries, Gigascale Capital, SOSV
Co-founders: Eliot Brooks, Will Knapp, Freddie Scott
Headquarters: United Kingdom (UK)
🛒 Eleport acquires TurboVolt.
EV public charging network Eleport has acquired EV charging stations provider TurboVolt.
Transaction Type: Acquisition
Investors: Eleport
Headquarters: Austria
🛒 Intellias acquires NorthLink Digital.
Software engineering and digital consulting company Intellias has acquired IT consultancy NorthLink Digital.
Transaction Type: Acquisition
Investors: Intellias
Headquarters: United Kingdom (UK)
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