This week, more than 85 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between January 22 – 26:
Investments:
4 Germany, 2 United Kingdom (UK), 1 Spain, 1 Denmark, 1 Norway, 1 Finland
Sectors Received Investments:
1 Business Travel
1 Battery & Energy Storage
1 Artificial Intelligence & Audio
1 Electric Vehicles & Software
1 Pharmaceutical
1 Biotechnology
1 Graphic Design
1 Fintech & B2B
1 Health Care
1 Medical Device & Health Care
News of the Week
🎯 Travel management platform TravelPerk raised $104 million.
TravelPerk, a hyper-growth all-in-one SaaS business travel platform, has raised $104 million in Series D extension round, led by SoftBank Vision Fund 2. Kinnevik and Felix Capital also participated in the investment round.
Transaction Type: Investment
Investors: SoftBank Vision Fund 2, Kinnevik, Felix Capital
Co-founders: Avi Meir, Ron Levin
Headquarters: Spain
🎯 Portable battery systems provider Instagrid raised $95 million.
Instagrid, which offers portable battery systems to create mobile power infrastructures for sectors with challenging power demands, has raised $95 million in Series C funding round. The investment round was led by Teachers’ Venture Growth, with participation from Morgan Stanley Investment Management, Energy Impact Partners, SET Ventures, Hightech Gründerfonds, blueworld group and Pierre-Pascal Urbon.
Transaction Type: Investment
Investors: Teachers’ Venture Growth, Morgan Stanley Investment Management, Energy Impact Partners, SET Ventures, Hightech Gründerfonds, blueworld group, Pierre-Pascal Urbon
Co-founders: Andreas Sedlmayr, Sebastian Berning
Headquarters: Germany
🎯 AI-powered audio tools provider ElevenLabs raised $80 million.
ElevenLabs, which provides a generative voice AI generator platform that convert text to speech online, has raised $80 million in Series B funding round, co-led by Andreessen Horowitz, Nat Friedman and Daniel Gross. Sequoia Capital, Smash Capital, SV Angel, BroadLight Capital and Credo Ventures also participated in the investment round.
Transaction Type: Investment
Investors: Andreessen Horowitz, Nat Friedman, Daniel Gross, Sequoia Capital, Smash Capital, SV Angel, BroadLight Capital, Credo Ventures
Co-founders: Mati Staniszewski, Piotr Dabkowski
Headquarters: United Kingdom (UK)
🎯 EV charging ecosystem Monta raised €80 million.
Monta, a operating platform that powers the EV charging ecosystem serving drivers, companies, cities, and the electricity grid, has raised €80 million in Series B funding round. The investment round was led by Energize Capital, GreenPoint Partners and Export and Investment Fund, with participation from Headline, byFounders, AENU, Creandum and Quantum Light.
Transaction Type: Investment
Investors: Energize Capital, GreenPoint Partners, Export and Investment Fund, Headline, byFounders, AENU, Creandum, Quantum Light
Co-founders: Anders Pedersen, Casper Holzmann Rasmussen
Headquarters: Denmark
🎯 Clinical stage company Calluna Pharma raised €75 million.
Calluna, which developes therapies that harness the potential of the body’s immune system, has raised €75 million in Series A funding round, led by Forbion. Sarsia, p53 and Investinor also participated in the investment round.
Transaction Type: Investment
Investors: Forbion, Sarsia, p53, Investinor
Co-founders: –
Headquarters: Norway
🎯 Mycelium biotech company Infinite Roots raised $58 million.
Infinite Roots, which develops mushroom mycelium-based nutrition, has raised $58 million in Series B funding round, led by Dr. Hans Riegel Holding and EIC Fund. Clay Capital, FoodLabs, Redalpine, Simon Capital, Happiness Capital, Betagro and Rewe Group also participated in the investment round.
Transaction Type: Investment
Investors: Dr. Hans Riegel Holding, EIC Fund, Clay Capital, FoodLabs, Redalpine, Simon Capital, Happiness Capital, Betagro, Rewe Group
Co-founders: Mazen Rizk
Headquarters: Germany
🎯 Design platform Kittl raised $36 million.
Kittl, a design platform that allows creatives to create personal and commercial designs, has raised $36 million in Series B funding round from IVP.
Transaction Type: Investment
Investors: IVP
Co-founders: Nicolas Heymann
Headquarters: Germany
🎯 B2B payment services provider Mondu raised €30 million.
Mondu, a fintech company that offers B2B payment services, has raised €30 million from Vereinigte Volksbank Raiffeisenbank.
Transaction Type: Investment
Investors: Vereinigte Volksbank Raiffeisenbank
Co-founders: Gil Danziger, Malte Huffmann, Philipp Povel
Headquarters: Germany
🎯 Precision medicine software platform Sano Genetics raised $11.4 million.
Sano Genetics, a molecular diagnostics company that specializes in developing and commercializing genetic tests for inherited diseases, has raised $11.4 million. The investment round was led by Plural, with participation from MMC Ventures, Episode 1 Ventures and Seedcamp.
Transaction Type: Investment
Investors: Plural, MMC Ventures, Episode 1 Ventrues, Seedcamp
Co-founders: Charlotte Guzzo, Patrick Short, William Jones
Headquarters: United Kingdom (UK)
🎯 Digital cardiac biomarker provider CardioSignal raised $10 million.
CardioSignal, which develops digital technologies and software-as-medical-devices to provide early detection of heart diseases, has raised $10 million in Series A funding round from Sandwater, Maki.vc and DigiTx Partners.
Transaction Type: Investment
Investors: Sandwater, Maki.vc, DigiTx Partners.
Co-founders: –
Headquarters: Finland
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