This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between July 8 – 12:
Investments:
3 United Kingdom (UK), 3 Germany
Secondary Transactions:
1 United Kingdom (UK), 1 Finland
Sectors Received Investments:
2 Financial Services
1 Health Care & Therapeutics
1 Biotechnology
1 Cloud Computing
News of the Week
🎯 Mobile payments application provider NALA raised $40 million.
Nala, a fintech company that develops a mobile payments application to simplify money transfers and transactions, has raised $40 million from Lauren Kolodny, DST Global, Amplo, Norrsken22, HOF Capital, Ryan King and Vlad Tenev.
Transaction Type: Investment
Investors: Lauren Kolodny, DST Global, Amplo, Norrsken22, HOF Capital, Ryan King, Vlad Tenev
Co-founders: Benjamin Fernandes
Headquarters: United Kingdom (UK)
🎯 Fintech startup Canoe Intelligence raised $36 million.
Canoe, a fintech startup that empowers smarter alts management, has raised $36 million in Series C funding round, led by Goldman Sachs. F-Prime Capital and Eight Roads also participated in the investment round.
Transaction Type: Investment
Investors: Goldman Sachs, F-Prime Capital, Eight Roads
Co-founders: –
Headquarters: United Kingdom (UK)
🎯 Ophthalmic gene therapy company Beacon Therapeutics raised $170 million.
Beacon Therapeutics, an ophthalmic gene therapy company to treat blinding retinal illnesses and restore and enhance eyesight, has raised $170 million in Series B funding round, led by Forbion. Syncona Limited, Oxford Science Enterprises, the University of Oxford, TCGX and Advent Life Sciences also participated in the investment round.
Transaction Type: Investment
Investors: Forbion, Syncona Limited, Oxford Science Enterprises, the University of Oxford, TCGX, Advent Life Sciences
Co-founders: –
Headquarters: United Kingdom (UK)
🎯 Biopharmaceutical startup SciRhom raised €63 million.
SciRhom, which offers proprietary iRhom2-targeting therapies and develops its lead antibody program SR-878 into and through clinical development, has raised €63 million in Series A funding round. The investment round was co-led by Andera Partners, Kurma Partners, Hadean Ventures, MIG Capital, and Wellington Partners, with participation from Bayern Kapital, High-Tech Gründerfonds and PhiFund Ventures.
Transaction Type: Investment
Investors: Andera Partners, Kurma Partners, Hadean Ventures, MIG Capital, Wellington Partners, Bayern Kapital, High-Tech Gründerfonds, PhiFund Ventures
Co-founders: –
Headquarters: Germany
🎯 Clinical stage health company HepaRegeniX raised €15 million.
HepaRegeniX, which develops drugs for treating acute and chronic liver diseases, has raised €15 million in Series C funding round, led by Vesalius Biocapital IV. Novo Holdings, Boehringer Ingelheim Venture Fund, High-Tech Gründerfonds also participated in the investment round.
Transaction Type: Investment
Investors: Vesalius Biocapital IV, Novo Holdings, Boehringer Ingelheim Venture Fund (BIVF), High-Tech Gründerfonds (HTGF).
Co-founders: Wolfgang Albrecht
Headquarters: Germany
🎯 SaaS platform epilot raised €10 million.
epilot, which provides an all-in-one solution, streamlining processes and reducing complexity for enterprise customers, has raised €10 million from Expedition Growth Capital.
Transaction Type: Investment
Investors: Expedition Growth Capital
Co-founders: Michel Nicolai, Szilard Toth, and Rolf Benken
Headquarters: Germany
🛒 Hi-Tech Apparel acquires Unmade.
Garment manufacturing company Hi-Tech Apparel has acquired custom-clothing on-demand software company Unmade.
Transaction Type: Acquisition
Investors: Hi-Tech Apparel
Co-founders: Hal Watts, Kirsty Emery-Laws, Ben Alun-Jones
Headquarters: United Kingdom (UK)
🛒 AMD acquires Silo AI.
AMD has acquired ai-driven solutions provider Silo AI.
Transaction Type: Acquisition
Investors: AMD
Co-founders: Ville Hulkko, Peter Sarlin
Headquarters: Finland
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