Weekly Startup Ecosystem Overview in Europe / January 15 – 19

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This week, more than 80 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between January 15 – 19:


2 Sweden, 2 United Kingdom (UK), 2 France, 1 Germany, 1 Netherlands, 1 Slovakia

Secondary Transactions:

1 Spain

Sectors Received Investments:

1 Battery & Clean Energy

1 B2B

1 Automotive & Charging Infrastructure

1 Financial Services

1 Health Care

1 Software & AI

1 SaaS & Software

1 Enterprise Software

1 Blockchain & Cryptocurrency

News of the Week

🎯 Battery manufacturer Northvolt raised $5 billion.

Northvolt, a sustainable battery manufacturer, has raised $5 billion in debt financing. The investment round was joined by Nordic Investment Bank and European Investment Bank.

Transaction Type: Investment

Investors: Nordic Investment Bank, European Investment Bank

Co-founders: Paolo Cerruti, Peter Carlsson

Headquarters: Sweden

🎯 EV charging network Electra raised €304 million.

Electra, an electric vehicle charging company that specializes in deploying and operating charging points for electric vehicles, has raised €304 million in equity funding. The investment round was led by PGGM. Bpifrance, Eurazeo, RIVE Private Investment, the SNCF Group and Serena also participated in the investment round

Transaction Type: Investment

Investors: PGGM. Bpifrance, Eurazeo, RIVE Private Investment, the SNCF Group, Serena

Co-founders: Aurelien Meaux

Headquarters: France

🎯 B2B device-as-a-service platform Everphone raised €270 million.

Everphone, a mobile device service center that offers configuration, distribution, and management solutions, has raised €270 million in Series D funding round, led by Citigroup, Phoenix Insurance and KfW. Capnor, Calista, Cadence Growth Capital and Jan Dzulko also participated in the investment round.

Transaction Type: Investment

Investors: Citigroup, Phoenix Insurance, KfW, Capnor, Calista, Cadence Growth Capital, Jan Dzulko

Co-founders: Jan Dzulko

Headquarters: Germany

🎯 Cloud-native SaaS core bank operating system 10X Banking raised £35 million.

10x Banking, a cloud-native core banking platform that gives banks the tools, integrations and support, has raised £35 million from BlackRock and JPMorgan Chase.

Transaction Type: Investment

Investors: BlackRock, JPMorgan Chase

Co-founders: Antony Jenkins

Headquarters: United Kingdom (UK)

🎯 Diagnostic and monitoring solutions developer Onera Health raised +€30 million.

Onera Health, which specializes in sleep medicine and remote monitoring, has raised over €30 million in Series C funding round. The investment round was led by EQT Life Sciences and Gimv, with participation from Innovation IndustriesInvest-NL, imec.xpand, BOM and 15th Rock.

Transaction Type: Investment

Investors: EQT Life Sciences, Gimv, Innovation Industries, Invest-NL, imec.xpand, BOM, 15th Rock

Co-founders: Ruben de Francisco

Headquarters: Netherlands

🎯 AI-powered calling solution provider CloudTalk raised $28 million.

CloudTalk, which provides a VoIP business calling solution used by customer service and sales teams, has raised $28 million in Series B funding round, led by KPN Ventures and Lead Ventures. Point Nine Capital, henQ, Presto Ventures and Orbit Capital also participated in the investment round.

Transaction Type: Investment

Investors: KPN Ventures, Lead Ventures, Point Nine Capital, henQ, Presto Ventures, Orbit Capital

Co-founders: Martin Malych, Viktor Vanek

Headquarters: Slovakia

🎯 Cloud spend management platform Vertice $25 million.

Vertice, an integrated SaaS and cloud spend management platform, has raised $25 million in Series B funding round from 83North and Bessemer Venture Partners.

Transaction Type: Investment

Investors: 83North, Bessemer Venture Partners.

Co-founders: Roy Tuvey, Eldar Tuvey

Headquarters: United Kingdom (UK)

🎯 Product traceability and compliance company TrusTrace raised $24 million.

TrusTrace, SaaS company that specialies in product traceability and compliance, has raised $24 million. The investment round was led by Circularity Capital, with participation from Industrifonden and Fairpoint Capital.

Transaction Type: Investment

Investors: Circularity Capital, Fairpoint Capital, Industrifonden

Co-founders: Hrishikesh Rajan, Madhava Venkatesh, Saravanan Parisutham, Shameek Ghosh

Headquarters: Sweden

🎯 Enterprise-grade staking platform Kiln raised $17 million.

Kiln, which creates an enterprise-level pledge platform and provides one-click pledge services for encrypted assets, has raised $17 million from 1kx Crypto.com, IOSG, Wintermute Ventures, KXVC and LBank.

Transaction Type: Investment

Investors: 1kx, Crypto.com, IOSG, Wintermute Ventures, KXVC, LBank

Co-founders: Ernest Oppetit, Laszlo Szabo, Thomas de Phuoc

Headquarters: France

🛒 Mytraffic acquires Geoblink.

Software development company Mytraffic has acquired SaaS platform Geoblink.

Transaction Type: Acquisition

Investors: Mytraffic

Co-founders: Jaime Laulhé

Headquarters: Spain

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