This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between February 17 – 21:
Investments:
3 France, 1 Lithuania, 1 Germany, 1 United Kingdom (UK)
Secondary Transactions:
1 United Kingdom (UK)
Sectors Received Investments:
3 Biotechnology
1 Financial Services
1 Marketplace & Recycling
1 Project Management
News of the Week
🎯 Financial intelligence platform 73 Strings raised $55 million.
73 Strings, which provides financial advisory services using artificial intelligence and technology solutions, has raised $55 million in Series B funding round, led by Goldman Sachs Alternatives. Blackstone Innovations Investments, Golub Capital, Hamilton Lane and Broadhaven Ventures also participated in the investment round.
Transaction Type: Investment
Investors: Goldman Sachs Alternatives, Blackstone Innovations Investments, Golub Capital, Hamilton Lane, Broadhaven Ventures
Co-founders: Yann Magnan
Headquarters: France
🎯 Biotechnology startup EG 427 raised €27 million.
EG 427, which specializes in non-replicating HSV-1 (nrHSV-1) vector technology in neurology, has raised €27 million in Series B funding round. The investment round co-led by Andera Partners and Bpifrance, with participation from InnoBio investment strategy.
Transaction Type: Investment
Investors: Andera Partners, Bpifrance, InnoBio investment strategy
Co-founders: Philippe Chambon
Headquarters: France
🎯 Life sciences company Atrandi Biosciences raised $25 million.
Atrandi Biosciences, a biotech startup that aims to commercialize droplet microfluidics technology, has raised $25 million in Series A funding round, led by Lux Capital. Vsquared Ventures, Practica Capital, Metaplanet and GRIDS Capital also participated in the investment round.
Transaction Type: Investment
Investors: Lux Capital, Vsquared Ventures, Practica Capital, Metaplanet, GRIDS Capital
Co-founders: Juozas Nainys
Headquarters: Lithuania
🎯 Manufacturing company Spore.Bio raised $23 million.
Spore Biotechnologies, a manufacturing company that develops innovative technological tools to help factories manufacture safe products, has raised $23 million in Series A funding round from Singular, Point 72 Ventures, 1st Kind Ventures, Station F and Lord David Prior, LocalGlobe, No Label Ventures and Famille C.
Transaction Type: Investment
Investors: Singular, Point 72 Ventures, 1st Kind Ventures, Station F and Lord David Prior, LocalGlobe, No Label Ventures, Famille C
Co-founders: Amine Raji, Maxime Mistretta, Mohamed Tazi
Headquarters: France
🎯 Digital platform provider Metycle raised €14.1 million.
Metycle, which leverages a proprietary AI-powered sorting process that determines the physical and chemical properties of shredded recyclable metals in real-time, has raised €14.1 million in Series A funding round, led by 2150. DFF Ventures, Market One Capital, Partech and Project A also participated in the investment round.
Transaction Type: Investment
Investors: 2150, DFF Ventures, Market One Capital, Partech, Project A
Co-founders: Sebastian Brenner, Rafael Suchan
Headquarters: Germany
🎯 AI enterprise platform Nodes & Links raised $12 million.
Nodes & Links, which empowers organizations across all domains to tame project complexity, has raised $12 million in Series B funding round. The investment round was led by ETF Partners, with participation from Uncorrelated Ventures and SFC Capital.
Transaction Type: Investment
Investors: ETF Partners, Uncorrelated Ventures, SFC Capital
Co-founders: Christos Ellinas, Greg Lawton
Headquarters: United Kingdom (UK)
🛒 Remy acquires Kitche.
Meal prep platform Remy has acquired food waste app Kitche.
Transaction Type: Acquisition
Investors: Remy
Co-founders: –
Headquarters: United Kingdom (UK)
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