This week, more than 70 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondry transcations between July 16 – 22:
Investments:
6 United Kingdom (UK), 2 Netherlands, 1 Switzerland, 1 Lithuania, 1 Ukraine, 1 Germany, 1 Czech Republic
Acquisitions:
1 Germany, 1 United Kingdom (UK)
Bonus:
2 European company acquires US-based startups.
Sectors Received Investments:
2 Fintech
2 Software
1 Cybersecurity
1 Renewable Energy
1 EdTech
1 Software
1 Artificial Intelligence
1 Robotics
1 CleanTech
1 MedTech
1 SaaS
News of the Week
🎯 B2B asset backed lender TP24 raised funding.
TP24, the unique B2B asset-backed lender that provides working capital facilities to SMEs and mid cap companies, has raised £345 million in debt funding round from M&G Investments and Barclays Investment Bank.
Transaction Type: Investment
Investment Amount: £345.000.000
Investors: M&G Investments, Barclays Investment Bank
Co-founders: Martijn Corbée
Country: Switzerland
🎯 Cross-border business payments company MODIFI raised funding.
MODIFI, which offers a one stop platform for business payments and trade management, has raised $100 million in debt financing round from HSBC Innovation Banking.
Transaction Type: Investment
Investment Amount: $100.000.000
Investors: HSBC Innovation Banking
Co-founders: Jan Wehrs, Nelson Holzner, Sven Brauer
Country: Netherlands
🎯 Accident and disaster recovery platform Tractable raised funding.
Tractable, a software company that develops artificial intelligence for accident and disaster recovery, has raised $65 million in Series E funding round. The investment round was led by SoftBank Vision Fund, with participation from Insight Partners and Georgian.
Transaction Type: Investment
Investment Amount: $65.000.000
Investors: SoftBank Vision Fund, Insight Partners, Georgian
Co-founders: Adrien Cohen, Razvan Ranca
Country: United Kingdom (UK)
🎯 Photonic chip maker Optalysys raised funding.
Optalysys, which solves the fundamental limitations of conventional computing, has raised £21 million in Series A funding round, led by Northern Gritstone, Lingotto and imec.xpand.
Transaction Type: Investment
Investment Amount: £21.000.000
Investors: Northern Gritstone, Lingotto, imec.xpand
Co-founders: Nick New
Country: United Kingdom (UK)
🎯 Cybersecurity company Netcraft raised funding.
Netcraft, an Internet services company that provides Internet data mining and anti-cybercrime services, has raised over $100 million from Spectrum Equity.
Transaction Type: Investment
Investment Amount: $100.000.000
Investors: Spectrum Equity
Co-founders: Mike Prettejohn
Country: United Kingdom (UK)
🎯 Solar engineering firm PVcase raised funding.
PVcase, a photovoltaic computer aided solar engineering company, has raised $100 million. The investment round was joined by Highland Europe, Energize and Elephant.
Transaction Type: Investment
Investment Amount: $100.000.000
Investors: Highland Europe, Energize, Elephant
Co-founders: Adam Pazarauskas, David Trainavicius
Country: Lithuania
🎯 Online tutoring platform Preply raised funding.
Preply, an online tutoring platform, aiming to help students achieve their learning goals and prepare them to speak confidently, has raised $70 million in Series C funding round, led by Horizon Capital. Reach Capital, Hoxton Ventures, Owl Ventures and Swisscom Ventures also participated in the investment round.
Transaction Type: Investment
Investment Amount: $70.000.000
Investors: Horizon Capital, Reach Capital, Hoxton Ventures, Owl Ventures, Swisscom Ventures
Co-founders: Dmytro Voloshyn, Kirill Bigai, Serge Lukianov
Country: Ukraine
🎯 Carbon data provider Sylvera raised funding.
Sylvera, which develops machine learning-based tools to track the performance of carbon offsets, has raised $57 million in Series B funding round. The investment round was led by Balderton. Index Ventures, Insight Partners, Bain & Company, Salesforce Ventures, Speedinvest, Seedcamp, LocalGlobe, Fidelity Strategic Ventures and 9Yards Capital also participated in the investment round.
Transaction Type: Investment
Investment Amount: $57.000.000
Investors: Balderton, Index Ventures, Insight Partners, Bain & Company, Salesforce Ventures, Speedinvest, Seedcamp, LocalGlobe, Fidelity Strategic Ventures, 9Yards Capital
Co-founders: Allister Furey, Samuel Gill
Country: United Kingdom (UK)
🎯 Cognitive robots developer NEURA Robotics raised funding.
Neura Robotics, which develops cognitive robots that can be utilized in both industrial and daily settings, has raised $55 million in a funding round, led by Lingotto. Vsquared Ventures, Primepulse and HV Capital also participated in the investment round.
Transaction Type: Investment
Investment Amount: $55.000.000
Investors: Lingotto, Vsquared Ventures, Primepulse, HV Capital
Co-founders: David Reger
Country: Germany
🎯 Collaborative public science platform Isometric raised funding.
Isometric, a carbon removal registry and science platform, has raised $25 million in Seed funding round, led by Lowercarbon Capital and Plural. Ilkka Paananen, Ross Mason, David Helgason and Niklas Zennström also participated in the investment round.
Transaction Type: Investment
Investment Amount: $25.000.000
Investors: Lowercarbon Capital, Plural, Ilkka Paananen, Ross Mason, David Helgason, Niklas Zennström
Co-founders: Eamon Jubbawy
Country: United Kingdom (UK)
🎯 Medtech company OrganOx raised funding.
Medical technology company OrganOx, has raised €29 million from Lauxera Capital Partners.
Transaction Type: Investment
Investment Amount: €29.000.000
Investors: Lauxera Capital Partners
Co-founders: –
Country: United Kingdom (UK)
🎯 Climate-tech IoT scale-up Sensorfact raised funding.
Sensorfact, which offers smart energy savings in the manufacturing industry, has raised €25 million. The investment round was led by Blume Equity, with participation from FORWARD.one, Korys and SET Ventures.
Transaction Type: Investment
Investment Amount: €25.000.000
Investors: Blume Equity, FORWARD.one, Korys, SET Ventures
Co-founders: Pieter Broekema
Country: Netherlands
🎯 Software localization platform Phrase raised funding.
Phrase, a software localization platform that provides API, integrations, and translation editor services, has raised €12 million from CIBC Innovation Banking.
Transaction Type: Investment
Investment Amount: €12.000.000
Investors: CIBC Innovation Banking
Co-founders: –
Country: Czech Republic
🛒 Ecommerce One acquires Makaira and Marmalade.
Germany-based ECommerce One has acquired e-commerce marketing suite provider Makaira and IT firm Marmalade.
Transaction Type: Acquisition
Investors: Ecommerce One
Co-founders: Joscha Krug (both company)
Country: Germany
🛒 Resurface Labs, acquired by Graylog.
Log management software platform Graylog has acquired data-driven API security platform Resurface Labs.
Transaction Type: Acquisition
Investors: Graylog
Co-founders: Andy Grolnick, Christine Bottagaro, Rob Dickinson
Country: United States (US)
🛒 Tietoevry acquires MentorMate.
IT and product engineering service Tietoevry has acquired digital engineering firm MentorMate.
Transaction Type: Acquisition
Investors: Tietoevry
Co-founders: Bjorn Stansvik
Country: United States (US)
🛒 Motive Partners acquires majority stake in With Intelligence.
Investment firm Motive Partners has acquired majority stake in With Intelligence, a provider of data and intelligence to the global asset management industry.
Transaction Type: Acquisition
Investors: Motive Partners
Co-founders: –
Country: United Kingdom (UK)
Other News:
📌 Growth stage secondary investment firm Giano Capital has launched a €50 million fund to support late-stage companies in the European tech and digital space.
📌 Private equity and venture capital firm Eurazeo has announced the final close of its Smart City fund II, at €400 million. The fund will invest in renewable energy, mobility, logistics, manufacturing and the built environment sectors.
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