This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between January 8 – 12:
Investments:
2 Italy, 2 Finland, 1 Netherlands, 1 Germany, 1 United Kingdom (UK), 1 Norway
Secondary Transactions:
1 Estonia, 1 France
Sectors Received Investments:
2 Biotechnology
1 Artificial Intelligence
1 Delivery Service
1 Energy Management
1 Automotive
1 Insurance
1 AI & Robotics
News of the Week
🎯 Mycelium-based biotech Mogu raised €11 million.
Mogu, which develops a range of mycelium-based technologies, has raised €11 million in Series A funding round. The investment round was led by CDP Venture Capital, with participation from ECBF VC, Kering Ventures and Progress Tech Transfer.
Transaction Type: Investment
Investors: CDP Venture Capital, ECBF VC, Kering Ventures, Progress Tech Transfer
Co-founders: Maurizio Montalti
Headquarters: Italy
🎯 AI-based SaaS platform Contents.com raised $18 million.
Contents.com, which provides an AI platform that facilitates the generation of diverse content types including text, audio, video, and animations, has raised $18 million in Series B funding round, led by Synergo Capital. Azimut Digitech Fund, Invictus Capital and Thomson Reuters Ventures also participated in the investment round.
Transaction Type: Investment
Investors: Synergo Capital, Azimut Digitech Fund, Invictus Capital, Thomson Reuters Ventures
Co-founders: Massimiliano Squillace
Headquarters: Italy
🎯 Biotechnology startup enifer raised €12 million.
Biotechnology startup enifer, has raised €12 million from Next Generation EU and European Commission.
Transaction Type: Investment
Investors: Next Generation EU, European Commission
Co-founders: Anssi Rantasalo, Heikki Keskitalo, Joosu Kuivanen, Simo Ellilä, Ville Pihlajaniemi
Headquarters: Finland
🎯 Online grocery store Picnic raised €355 million.
Picnic, a fast-growing tech company that has developed a mass-market home delivery system for fast moving consumer goods, has raised €355 million from EDEKA and Bill & Melinda Gates Foundation.
Transaction Type: Investment
Investors: EDEKA, Bill & Melinda Gates Foundation
Co-founders: Bas Verheijen, Daniel Gebler, Frederik Nieuwenhuys, Joris Beckers, Michiel Muller
Headquarters: Netherlands
🎯 Smart energy storage systems Cactos raised €26 million.
Cactos, a smart energy storage systems that secures critical power supply locally and allow for efficient utilisation of renewable energy globally, has raised €26 million in Series A funding round from OP Financial Group and Finnish Climate Fund.
Transaction Type: Investment
Investors: OP Financial Group, Finnish Climate Fund
Co-founders: Olli Nuutila
Headquarters: Finland
🎯 Car subscription provider FINN raised €100 million.
FINN, which provides mobility solution by offering monthly car subscriptions through their online platform, has raised €100 million in Series C funding round. The investment round was led by Planet First Partners, with participation from HV Capital, Korelya Capital, UVC Partners, White Star Capital and Picus Capital.
Transaction Type: Investment
Investors: Planet First Partners, HV Capital, Korelya Capital, UVC Partners, White Star Capital, Picus Capital
Co-founders: Maximilian Wühr, Andreas Stryz
Headquarters: Germany
🎯 PDI software provider Hyperexponential raised $73 million.
Hyperexponential, a pricing decision intelligence (PDI) software, has raised $73 million in Series B funding round, led by Battery Ventures. Andreessen Horowitz and Highland Europe also participated in the investment round.
Transaction Type: Investment
Investors: Andreessen Horowitz, Battery Ventures, Highland Europe
Co-founders: Amrit Santhirasenan, Michael Johnson
Headquarters: United Kingdom (UK)
🎯 Humanoid robots developer 1X raised $100 million.
1X, an AI and robotics company that designs and develops humanoid robots to address global labor needs, has raised $100 million in Series B funding round from EQT Ventures, Nistad, Samsung NEXT, Sandwater and Skagerak Capital.
Transaction Type: Investment
Investors: EQT Ventures, Nistad, Samsung NEXT, Sandwater, Skagerak Capital
Co-founders: Bernt Øivind Børnich
Headquarters: Norway
🛒 Zendesk acquires Klaus.
Customer service solutions provider Zendesk has acquired quality management platform Klaus.
Transaction Type: Acquisition
Investors: Zendesk
Co-founders: Kair Käsper, Martin Kõiva
Headquarters: Estonia
🛒 Intel acquires Silicon Mobility.
Intel has acquired EV energy management solutions provider Silicon Mobility.
Transaction Type: Acquisition
Investors: Intel
Co-founders: –
Headquarters: France
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