Weekly Startup Ecosystem Overview in Europe / July 3 – 8

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Last week, 20 startups in the European entrepreneurship ecosystem received investment. The headquarters of the startups that received investment were distributed Germany, Netherlands, United Kingdom, Denmark, Estonia, Ireland, Sweden, France, Belgium and Switzerland. 2 secondary transaction has been also made.

Investments:

5 Germany, 4 Netherlands, 4 United Kingdom (UK), 1 Denmark, 1 Estonia, 1 Ireland, 1 Sweden, 1 France, 1 Belgium, 1 Switzerland

Acquisitions:

1 Germany, 1 Netherlands

Sectors Received Investments:

3 Fintech

3 Health Care

3 HR Tech

1 B2B

1 Quantum Computing

1 Nanotechnology

1 Artificial Intelligence

1 SaaS

1 EdTech

1 Logistics

1 Insurtech

1 Fitness / Wellness

1 Mobility

1 Industrial Tech

News of the Week

🎯 Property finance marketplace LendInvest raised funding.

LendInvest, a property fintech company that offers buy-to-let mortgages, bridging loans and development finance to its customers, has raised £500 million in Post-IPO debt financing from Chetwood Financial, Lloyds Bank and JP Morgan.

Transaction Type: Investment

Investment Amount: £500.000.000

Investors: Chetwood Financial, Lloyds Banki JP Morgan

Co-founders: Christian Faes, Ian Thomas

Country: United Kingdom (UK)

🎯 Fintech scaleup Silvr raised funding.

Silvr, a financial provider for digital entrepreneurs with the help of data-based scoring technology, received an investment of €200 million in debt funding round from Citi and Channel Capital.

Transaction Type: Investment

Investment Amount: €200.000.000

Investors: Citi, Channel Capital

Co-founders: Gregory Tappero, Nima Karimi

Country: France

🎯 Finance and business management platform Numarics raised funding.

AI-powered finance and business management platform Numarics, has raised €10.2 million in Seed funding round, led by UBS. FiveT Fintech, Wingman Ventures and Seed X Liechtenstein also participated in the investment round.

Transaction Type: Investment

Investment Amount: €10.200.000

Investors: UBS, FiveT Fintech, Wingman Ventures, Seed X Liechtenstein

Co-founders: Dominique Rey, Kristian Kabashi

Country: Switzerland

🎯 Health care solutions provider Neko Health raised funding.

Neko Health, which provides solutions for preventative health care using early detection methods, has raised €60 million from Lakestar, General Catalyst and Atomico.

Transaction Type: Investment

Investment Amount: €60.000.000

Investors: Lakestar, General Catalyst, Atomico

Co-founders: Hjalmar Nilsonne, Daniel Ek

Country: Sweden

🎯 Deep tech startup Reyedar raised funding.

Reyedar, which manufactures screening and diagnostic equipment for visual and neurodegenerative diseases, has raised €3 million. The investment round was led by Cottonwood Technology Fund, with participation from Blue Sparrows MedTech Funds, NV NOM, Pupil Labs and Uneti Ventures.

Transaction Type: Investment

Investment Amount: €3.000.000

Investors: Cottonwood Technology Fund, Blue Sparrows MedTech Funds, NV NOM, Pupil Labs, Uneti Ventures

Co-founders:

Country: Netherlands

🎯 Health care startup uMed raised funding.

uMed, which enables healthcare providers to run patient research more efficiently through automating the clinical studies process, has raised £9.8 million in Series A funding round. The investment round was joined by Delin Ventures, AlbionVC, Playfair Capital and 11.2 Capital.

Transaction Type: Investment

Investment Amount: £9.800.000

Investors: Delin Ventures, AlbionVC, Playfair Capital, 11.2 Capital

Co-founders: Matt Wilson

Country: United Kingdom (UK)

🎯 Recruitment and migration platform Recruitroo raised funding.

Recruitment and migration platform Recruitroo, which simplifies the global hiring process for UK and Irish companies, has raised €1 million in Seed funding round. The investment round was led by
Delta Partners, with participation from Enterprise Ireland.

Transaction Type: Investment

Investment Amount: €1.000.000

Investors: Delta Partners, Enterprise Ireland

Co-founders: Shane Kiernan, Stephen MacCarthy

Country: Ireland

🎯 Knowledge sharing and learning platform StellarUp raised funding.

StellarUp, a cloud-based mentoring programme delivery platform that allows to facilitate, manage, and prove the ROI of mentoring programs, received an investment of €500.000. The investment round was led by a US tech investor.

Transaction Type: Investment

Investment Amount: €500.000

Investors: US tech investor

Co-founders: Bas Rogaar, Estelle Roux, Julian Stevens

Country: Netherlands

🎯 B2B SaaS solution ContractHero raised funding.

ContractHero, a digital contract management solution for business customers has raised €2.15 million from xdeck, coparion, VR Ventures, Venista Ventures and Swiss Post Ventures.

Transaction Type: Investment

Investment Amount: €2.150.000

Investors: xdeck, coparion, VR Ventures, Venista Ventures, Swiss Post Ventures

Co-founders: Gerry-Constantin Koch, Sebastian Wengryn

Country: Germany

🎯 Visualizing platform Twinsity raised funding.

Twinsity offers a platform to visualize, inspect and collaboratively work with high-resolution drone data and digital twins, has raised €2.5 million from European Innovation Council.

Transaction Type: Investment

Investment Amount: €2.500.000

Investors: European Innovation Council

Co-founders: Fabien Chalas, Uwe Chalas

Country: Germany

🎯 Real-time retail solution Atobi raised funding.

ATOBI, which offers full performance overview, organization-wide communication and gamified training, has raised €3.8 million from Export and Investment Fund of Denmark and Thomas Kvorning.

Transaction Type: Investment

Investment Amount: €3.800.000

Investors: Export and Investment Fund of Denmark, Thomas Kvorning

Co-founders: Jan Helmer Dahl Andersen

Country: Denmark

🎯 Quantum computer software developer Quantagonia raised funding.

Quantagonia, which offers hybrid quantum-classical solutions in ML/AI, optimization and simulation, has raised €4.3 million in Seed funding round, led by Tensor Ventures. FTTF, Voima Ventures and BM H Beteiligungs-Managementgesellschaft Hessen.

Transaction Type: Investment

Investment Amount: €4.300.000

Investors: Tensor Ventures, FTTF, Voima Ventures, BM H Beteiligungs-Managementgesellschaft Hessen

Co-founders: Dirk Zechiel, Philipp Hannemann, Sabina Jeschke, Sebastian Pokutta

Country: Germany

🎯 Nanoparticle printing tools developer VSParticle raised funding.

VSPARTICLE, which develops nanoparticle generators for various applications such as sensors, batteries, catalysis or solar cells, has raised €14.5 million. The investment round was led by Plural Capital, with participation from BlueYard Capital and NXTGEN HIGHTECH.

Transaction Type: Investment

Investment Amount: €14.500.000

Investors: Plural Capital, BlueYard Capital, NXTGEN HIGHTECH

Co-founders: Aaike van Vugt, Andreas Schmidt-Ott, Tobias Pfeiffer

Country: Netherlands

🎯 B2B video production platform Immersive Fox raised funding.

Immersive Fox, which creates AI-generated microlearning videos from any text for learning management systems and corporate communication, has raised €3.3 million in Seed funding round from Redseed, Altair and Monte Carlo Capital.

Transaction Type: Investment

Investment Amount: €3.300.000

Investors: Redseed, Altair, Monte Carlo Capital

Co-founders: Alisa Patotskaya, Stella Schuck

Country: United Kingdom (UK)

🎯 No-code collaboration platform Formaloo raised funding.

Formaloo, a no-code collaboration platform that enables users to build custom business applications and tools, received an investment of €2 million in Seed funding round, led by Change Ventures. Hyde Park Venture Partners, Mana Ventures and Startup Wise Guys also participated in the investment round.

Transaction Type: Investment

Investment Amount: €2.000.000

Investors: Change Ventures, Hyde Park Venture Partners, Mana Ventures, Startup Wise Guys

Co-founders: Amir Hashemi, Farokh Shahabi, Hasan Noori, Noosh Baratpour

Country: Estonia

🎯 Learning engine Kinnu raised funding.

Kinnu, learning engine that allows to explore new concepts and master any field of study, has raised $6.5 million in Seed funding round, led by LocalGlobe. Jigsaw, Tom Hulme and Guy Podjarny also participated in the investment round.

Transaction Type: Investment

Investment Amount: $6.500.000

Investors: LocalGlobe, Jigsaw, Tom Hulme, Guy Podjarny

Co-founders: Abraham Müller, Christopher Kahler, Hanna Celina

Country: United Kingdom (UK)

🎯 Transport system developer Hardt Hyperloop raised funding.

Hardt Hyperloop, which develops a transport system for traveling huge distances completely emission-free and accessible to everyone, has raised €12 million from European Innovation Council, InnovationQuarter, Posco and Urban Impact Ventures.

Transaction Type: Investment

Investment Amount: €12.000.000

Investors: European Innovation Council, InnovationQuarter, Posco, Urban Impact Ventures

Co-founders: Mars Geuze, Tim Houter

Country: Netherlands

🎯 Insurance platform Qover raised funding.

Qover, an insurance platform that designed to enable fast-growing internet enterprises and insurance products, has raised $30 million in Series C funding round from Anthemis Exponential Ventures, Kreos Capital and Zurich Global Ventures.

Transaction Type: Investment

Investment Amount: $30.000.000

Investors: Anthemis Exponential Ventures, Kreos Capital, Zurich Global Ventures

Co-founders: Jean-Charles Velge, Quentin Colmant

Country: Belgium

🎯 Smart fitness startup EGYM raised funding.

EGYM, a smart fitness startup that provides fitness and health facilities with intelligent workout solutions, has raised $225 million in Series F funding round. The investment round was led by Affinity Partners, with participation from Bayern Kapital and Mayfair Equity Partners.

Transaction Type: Investment

Investment Amount: $225.000.000

Investors: Affinity Partners, Bayern Capital, Mayfair Equity Partners

Co-founders: Florian Sauter, Philipp Roesch-Schlanderer

Country: Germany

🎯 EV charging startup ChargeX raised funding.

ChargeX, which provides electric car charging solutions, has raised €11.5 million from BonVenture, Energie360° and Hevella Capital.

Transaction Type: Investment

Investment Amount: €11.500.000

Investors: BonVenture, Energie360°, Hevella Capital

Co-founders: Johannes Engeln, Michael Masnitza, Tobias Wagner

Country: Germany

🛒 Billwerk+ acquires plenigo.

Subscription management provider Billwerk+ has acquired software-as-a-service platform plenigo.

Transaction Type: Acquisition

Investors: Billwerk+

Co-founders: Maximilian Schweitzer, Thorsten Petter

Country: Germany

🛒 SHS Capital acquires majority stake in CAM Bioceramics.

Healthcare investor SHS Capital has acquired a majority stake in calcium phosphate solutions and service provider CAM Bioceramics.

Transaction Type: Acquisition

Investors: SHS Capital

Co-founders:

Country: Netherlands

Other News:

📌 Swedish VC firm J12 Ventures has launched a six-week programme called Nexus, to support pre-seed and seed stage data and AI start-ups in Europe.

📌 Early-stage venture capital fund Mercuri (formerly GMG Ventures) has closed a £50 million fund to support startups using artificial intelligence to reinvent traditional media models.

📌 The European Investment Fund (EIF) is investing €25 million into Radix Ventures’ fund to focus deep tech startups in the Central and European region.

📌 Early-stage venture fund Notion Capital has announced the close of its Notion Capital V SCSp fund at £256 million ($300 million) for its fintech and business software fund.

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