This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between December 18 – 22:
Investments:
2 United Kingdom (UK), 1 Denmark, 1 Sweden, 1 Germany, 1 France, 1 Austria
Sectors Received Investments:
1 Financial Services
1 Digital Entertainment
1 Solar Energy
1 Cloud Security
1 Renewable Energy
1 Fashion
1 SaaS
News of the Week
🎯 Financial planning app Updraft raised £272 million.
Updraft, which offers consumer lending and financial planning services, has raised £272 million in debt and equity funding round from Jefferies and Santander Corporate.
Transaction Type: Investment
Investors: Jefferies, Santander Corporate
Co-founders: Aseem Munshi, David Yalland, Matt Millar
Headquarters: United Kingdom (UK)
🎯 Open podcast platform Podimo raised €44 million.
Podimo, podcast and audiobook subscription service provider, has raised €44 million from Export and Investment Fund, HighlandX and Augustinus Fabrikker.
Transaction Type: Investment
Investors: Export and Investment Fund, HighlandX, Augustinus Fabrikker.
Co-founders: Morten Strunge, Nikolaj Koppel, Sverre Dueholm, Andreas Sachse, Eva Lægdsgaard
Headquarters: Denmark
🎯 Solar cell technology developer Exeger raised €35 million.
Exeger, which develops and commecializes solar cell technology that can absorb light and convert it into electric, has raised €35 million in debt financing from European Investment Bank.
Transaction Type: Investment
Investors: European Investment Bank
Co-founders: Giovanni Fili
Headquarters: Sweden
🎯 Specialized IT security provider Link11 raised €26.5 million.
Link11, an IT security provider that offers cloud-based security solutions for performance, network and web protection, has raised €26.5 million from Pride Capital Partners.
Transaction Type: Investment
Investors: Pride Capital Partners
Co-founders: Jens-Philipp Jung
Headquarters: Germany
🎯 Renewable energy startup Sweetch Energy raised €25 million.
Sweetch Energy, a renewable energy company that specialices in osmotic energy, has raised €25 million in Series A funding round, led by Révolution Environnementale et Solidaire, a fund managed by Crédit Mutuel Impact, with participation from other investors.
Transaction Type: Investment
Investors: Révolution Environnementale et Solidaire, other investors
Co-founders: Nicolas Heuzé
Headquarters: France
🎯 Fashion rental platform Hurr raised $10 million.
Hurr, a combination of a peer-to-peer marketplace and a white-label SaaS solution that enables consumers to rent high fashion items from top brands, has raised $10 million from Praetura Ventures, Octopus Ventures, Ascension and D4 Ventures.
Transaction Type: Investment
Investors: Praetura Ventures, Octopus Ventures, Ascension, D4 Ventures
Co-founders: Victoria Prew
Headquarters: United Kingdom (UK)
🎯 SaaS platform provider Hydrogrid raised $8.5 million.
Hydrogrid, which offers automated IoT software for the optimal, real-time planning and dispatch of hydropower plants, has raised $8.5 million in Series A funding round. The investment round was led by Inven Capital and Karma Ventures, with participation from CNB Capital and SET Ventures.
Transaction Type: Investment
Investors: Inven Capital, Karma Ventures, CNB Capital, SET Ventures
Co-founders: –
Headquarters: Austria
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