This week, more than 70 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between June 10 – 14:
Investments:
3 France, 1 United Kingdom (UK), 1 Ireland, 1 Belgium
Sectors Received Investments:
1 Artificial Intelligence
1 Accounting & Financial Services
1 Renewable Energy
1 Software
1 Artificial Intelligence (AI) & SaaS
1 Sales Automation
News of the Week
🎯 AI startup Mistral raised €600 million.
Mistral, an AI startup that provides developers and businesses access to open and portable generative AI solutions, has raised €600 million in debt financing round, led by General Catalyst. Lightspeed, Andreessen Horowitz, Bpifrance and BNP Paribas also participated in the investment round.
Transaction Type: Investment
Investors: General Catalyst, Lightspeed, Andreessen Horowitz, Bpifrance, BNP Paribas
Co-founders: Arthur Mensch, Charles Gorintin, Guillaume Lample
Headquarters: France
🎯 Financial management software AccountsIQ raised €60 million.
AccountsIQ, a provider of a financial management software platform for mid-market SMEs with multiple subsidiaries and branches, has raised €60 million in Series C funding round from Axiom Equity.
Transaction Type: Investment
Investors: Axiom Equity
Co-founders: Tony Connolly
Headquarters: Ireland
🎯 Fast-charging battery developer Echion Technologies raised £29 million.
Echion Technologies, developer of niobium-based, fast-charging battery materials, has raised £29 million in Series B funding. The investment round was led by Volta Energy Technologies, with participation from CBMM, BGF and Cambridge Enterprise Ventures.
Transaction Type: Investment
Investors: Volta Energy Technologies, CBMM, BGF, Cambridge Enterprise Ventures
Co-founders: Jean de La Verpilliere
Headquarters: United Kingdom (UK)
🎯 Energy management platform Gorilla raised €23 million.
Gorilla, a technology company that enables energy retailers to gather and process vast amounts of critical data, has raised €23 million in Series B funding, led by Headline. Beringea and PMV also participated in the investment round.
Transaction Type: Investment
Investors: Headline, Beringea, PMV
Co-founders: Ruben Van den Bossche
Headquarters: Belgium
🎯 Software provider Continuity raised €10 million.
Continuity, a software provider that provides risk intelligence for professional and commercial P&C insurers, has raised €10 million in Series A funding round from Elaia and Bpifrance.
Transaction Type: Investment
Investors: Elaia, Bpifrance
Co-founders: Benoît Pastorelli
Headquarters: France
🎯 SaaS platform Zeliq raised $10 million.
Zeliq, ai-powered sales solution provider, has raised $10 million in Seed funding round from Exor Ventures and Resonance VC.
Transaction Type: Investment
Investors: Exor Ventures, Resonance VC
Co-founders: Dorian Ciavarella
Headquarters: France
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