This week, more than 80 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between February 5 – 9
Investments:
2 Estonia, 2 France, 1 Croatia, 1 Spain, 1 United Kingdom (UK)
Sectors Received Investments:
1 Electric Vehicle
1 Delivery Service
1 Financial Services
1 Alternative Protein & Sustainability
1 Banking & Payments
1 Generative AI
1 Grocery
News of the Week
🎯 Autonomous EV developer Project 3 Mobility raised €100 million.
Project 3 Mobility, which develops its own autonomous electric robotaxi, along with specialised infrastructure, and a mobility service, has raised €100 million in Series A funding round from TASARU Mobility Investments.
Transaction Type: Investment
Investors: TASARU Mobility Investments
Co-founders: Mate Rimac
Headquarters: Croatia
🎯 Delivery robot company Starship Technologies raised $90 million.
Starship Technologies, a robotics company building fleets of self-driving delivery robots designed to deliver goods, has raised $90 million. The investment round was co-led by Plural and Iconical.
Transaction Type: Investment
Investors: Plural, Iconical
Co-founders: Ahti Heinla
Headquarters: Estonia
🎯 Financial management platform Pennylane raised €40 million.
Pennylane, which develops a full-stack financial management platform designed for small and medium-sized businesses, has raised €40 million in Series C funding round from Sequoia Capital and DST Global.
Transaction Type: Investment
Investors: Sequoia Capital, DST Global
Co-founders: Arthur Waller
Headquarters: France
🎯 Foodtech startup Heura Foods raised €40 million.
Heura Foods, a plant-based startup that produces sustainable and nutritious plant-based meat products, has raised €40 million in Series B funding round from Upfield, Unovis Asset Management, European Circular Bioeconomy Fund and New Tree Impact.
Transaction Type: Investment
Investors: Upfield, Unovis Asset Management, European Circular Bioeconomy Fund, New Tree Impact
Co-founders: Marc Coloma, Bernat Añaños
Headquarters: Spain
🎯 Cloud-native banking platform Tuum raised €25 million.
Tuum, a cloud-native banking platform that allows any business to offer seamless, tailored financial services to their customers, has raised €25 million in Series B funding round, led by CommerzVentures. Speedinvest also participated in the investment round.
Transaction Type: Investment
Investors: Speedinvest, CommerzVentures
Co-founders: Jan Lakspere, Ove Kreison, Rivo Uibo, Vilve Vene
Headquarters: Estonia
🎯 AI-text-to-video platform Colossyan raised $22 million.
Colossyan, which specializes in AI video for workplace learning, empowering users to generate videos from text through AI technology, has raised $22 million. The investment round was led by Lakestar, with participation from Launchub, Day One Capital and Emerge Education.
Transaction Type: Investment
Investors: Lakestar, Launchub, Day One Capital, Emerge Education
Co-founders: Dominik Kovacs
Headquarters: United Kingdom (UK)
🎯 Grocery shopping app Jow raised $13 milllion.
Jow, a grocery shopping and menu recommendation app, has raised $13 million in Series A extension funding round, led by Northzone.
Transaction Type: Investment
Investors: Northzone
Co-founders: Jacques-Edouard Sabatier
Headquarters: France
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