This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between February 12 – 16:
Investments:
2 Finland, 1 Netherlands, 1 United Kingdom (UK), 1 Denmark
Secondary Transactions:
1 United Kingdom (UK)
Sectors Received Investments:
1 Financial Services
1 Hospitality & Travel Accommodations
1 Hardware & Software Engineering
1 Cycling & Sustainability
1 Analytics & Wind Energy
News of the Week
🎯 SME banking provider Finom raised €50 million.
Finom, which provides financial solutions for entrepreneurs and freelancers combining business account benefits with multiple services, has raised €50 million in Series B funding round, co-led by Northzone and General Catalyst. Target Global, Cogito Capital, Entrée Capital, FJLabs and s16vc.
Transaction Type: Invesment
Investors: Northzone, General Catalyst, Target Global, Cogito Capital, Entrée Capital, FJLabs, s16vc
Co-founders: Oleg Laguta
Headquarters: Netherlands
🎯 Hospitality provider Bob W raised €40 million.
Bob W, a technology-driven hospitality provider that offers an alternative to hotels and short-stay apartments, has raised €40 million in Series B funding round. The investment round was led by Evli Growth Partners, with participation from Taavet+Sten, Flashpoint and Mikko Kodisoja.
Transaction Type: Investment
Investors: Evli Growth Partners, Taavet+Sten, Flashpoint, Mikko Kodisoja
Co-founders: Niko Karstikko
Headquarters: Finland
🎯 High technology engineering company Cambridge Mechatronics raised $40 million.
Cambridge Mechatronics, which specializes in the design and control of Shape Memory Alloy (SMA) actuators, has raised $40 million, led by Atlantic Bridge. Intel Capital, Supernova Invest and Sony Innovation Fund also participated in the investment round.
Transaction Type: Investment
Investors: Atlantic Bridge, Intel Capital, Supernova Invest , Sony Innovation Fund
Co-founders: –
Headquarters: United Kingdom (UK)
🎯 Mobility benefits provider Vapaus raised €15 million.
Vapaus, which provides mobility benefits for employees, has raised €15 million in debt financing from Norion Bank.
Transaction Type: Investment
Investors: Norion Bank
Co-founders: Mikko Ampuja
Headquarters: Finland
🎯 Decision-making software provider Aegir Insight raised €8.5 million.
Aegir Insight, which provides decision-making software, data, and intelligence for the offshore wind sector, has raised €8.5 million in Series A funding round. The investment round was led by Seaya, with participation from Climentum Capital.
Transaction Type: Investment
Investors: Seaya, Climentum Capital
Co-founders: Scott Urquhart, Rikke Nørgaard
Headquarters: Denmark
🛒 HiBob acquires Pento.
HR solutions provider HiBob has acquired payroll automation platform Pento.
Transaction Type: Acquisition
Investors: HiBob
Co-founders: Jonas Bøgh Larsen, Emil Hagbarth Rasmussen
Headquarters: United Kingdom (UK)
Other News:
📌 Earlybird Health has closed its latest fund at €173 million, targeting investments in European healthtech companies.
📌 VC firm Wingman Ventures has rebranded as Founderful and raised $85 million for its new fund.
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