This week, more than 85 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between December 11 – 15:
Investments:
4 United Kingdom (UK), 2 France, 2 Germany, 1 Denmark, 1 Sweden
Secondary Transactions:
2 Netherlands
Sectors Received Investments:
4 Financial Services
1 E-Commerce
1 Artificial Intelligence / Enterprise Software
1 Architecture / Sustainability
1 Biotechnology
1 Software
1 Energy Storage
News of the Week
🎯 Financial services provider SumUp raised €285 million.
SumUp, which provides affordable and easy-to-use payment products and financial services to micro and nano businesses, has raised €285 million. The investment round was led by Sixth Street Growth, with participation from Bain Capital Tech Opportunities, FIN Capital and LIQUiDITY Group.
Transaction Type: Investment
Investors: Sixth Street Growth, Bain Capital Tech Opportunities, FIN Capital, LIQUiDITY Group
Co-founders: Jan Deepen, Marc-Alexander Christ
Headquarters: United Kingdom (UK)
🎯 Digital asset derivatives trading platform GFO-X raised $30 million.
GFO-X, a regulated and centrally cleared trading platform, has raised $30 million in Series B funding round from M&G Investments.
Transaction Type: Investment
Investors: M&G Investments
Co-founders: Arnab Sen, Sadiq Melwani
Headquarters: United Kingdom (UK)
🎯 B2B deferred payment infrastructure provider Aria raised €15 million.
Aria, which enables marketplaces, transactional SaaS & ERPs companies to offer instant payments to their providers while maintaining cash flow until their customer has paid, has raised €15 million. The investment round was led 13books Capital with participation from Adevinta Ventures, Ankaa Ventures, Otium Capital, Laurent Ritter, Mark Ransford and Guillaume Princen.
Transaction Type: Investment
Investors: 13books Capital, Adevinta Ventures, Ankaa Ventures, Otium Capital, Laurent Ritter, Mark Ransford, Guillaume Princen
Co-founders: Clément Carrier, Vincent Folny
Headquarters: France
🎯 Digital banking platform Meniga raised €15 million.
Meniga, which provides white-label personal finance management tools for banks and financial institutions, has raised €15 million in Series D funding round from Omega ehf, Groupe BPCE and Credito Agricola.
Transaction Type: Investment
Investors: Omega ehf, Groupe BPCE, Credito Agricola
Co-founders: –
Headquarters: United Kingdom (UK)
🎯 Wholesale e-commerce platform Qogita raised €80 million.
Qogita, which provides a wholesale ecommerce platform that connects buyers and sellers with a focus on the health and beauty sector, has raised €80 million in Series B funding round, led by Dawn Capital. Accel, LocalGlobe and Bessemer Venture Partners also participated in the investment round.
Transaction Type: Investment
Investors: Dawn Capital, Accel, LocalGlobe, Bassemer Venture Partners
Co-founders: Manolis Manassakis
Headquarters: United Kingdom (UK)
🎯 AI supply chain solutions provider Tacto raised €50 million.
Tacto, which optimizes procurement, ensuring compliance, sustainability, and efficient material sourcing for mid-sized industrial companies, has raised €50 million in Series A funding round. The investment round was led by Sequoia Capital and Index Ventures, with participation from Visionaries Club, Cherry Ventures and UVC Partners.
Transaction Type: Investment
Investors: Sequoia Capital, Index Ventures, Visionaries Club, Cherry Ventures, UVC Partners
Co-founders: André Petry, Johannes Groll, Nico Bentenrieder
Headquarters: Germany
🎯 Climate-neutral building renovation Ecoworks raised €40 million.
Ecoworks, which renovates apartment buildings using industrial prefabrication, modular construction and efficient energy systems, has raised €40 million in Series A funding round, led by World Fund. Haniel, KOMPAS VC and ISAI Cap Venture also participated in the investment round.
Transaction Type: Investment
Investors: World Fund, Haniel, KOMPAS VC, ISAI Cap Venture
Co-founders: Emanuel Heisenberg
Headquarters: Germany
🎯 Novel therapeutic proteins developer Hoba Therapeutics raised €23 million.
Hoba Therapeutics, a biotech company that develops novel therapeutic proteins for patients living with chronic neuropathic pain and hearing loss, has raised €23 million in Series B funding round, led by Indaco Venture Partners and Medical Incubator Japan. Novo Holdings, Eir Ventures and Export and Investment Fund also participated in the investment round.
Transaction Type: Investment
Investors: Indaco Venture Partners, Medical Incubator Japan, Novo Holdings, Eir Ventures, Export and Investment Fund
Co-founders: Kenneth Ahrend Petersen
Headquarters: Denmark
🎯 Consumer-grade procurement software Pivot raised €20 million.
Pivot, a consumer-grade procurement software that helps companies keep their spend under control while enhancing their teams, has raised €20 million in Series A funding round from Visionaries Club, Emblem, Anamcara and Oliver Samwer.
Transaction Type: Investment
Investors: Visionaries, Emblem, Anamcara, Oliver Samwer
Co-founders: Romain Libeau, Marc-Antoine Lacroix, Estelle Giuly
Headquarters: France
🎯 Zinc-ion battery developer Enerpoly raised $8.4 million.
Enerpoly, which develops an innovative zinc-ion battery technology from abundant materials, has raised $8.4 million from Swedish Energy Agency.
Transaction Type: Investment
Investors: Swedish Energy Agency
Co-founders: Mylad Chamoun, Samer Nameera
Headquarters: Sweden
🛒 Tax Systems acquires TaxModel.
Tax compliance software supplier Tax Systems has acquired international tax software provider TaxModel.
Transaction Type: Acquisition
Investors: Tax Systems
Co-founders: Hank Moonen
Headquarters: Netherlands
🛒 BUX, acquired by ABN AMRO.
ABN AMRO has acquired neobroker BUX.
Transaction Type: Acquisition
Investors: ABN AMRO
Co-founders: –
Headquarters: Netherlands
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