Weekly Startup Ecosystem Overview in Europe / February 12 – 16

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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:


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+StenFlashpoint 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


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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