This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between June 17 – 21:
Investments:
3 United Kingdom (UK), 2 France, 1 Estonia
Sectors Received Investments:
1 Cloud Infrastructure & Finance
1 Artificial Intelligence
1 Cloud Computing & Database
1 Quantum Computing
1 Asset Management
1 Software & SaaS
News of the Week
🎯 Investment management solutions provider Finbourne Technology raised £55 million.
Finoburne Technology, a fintech startup that provides investment management solutions and a cloud-native data management platform, has raised £55 million in Series B funding round, led by Highland Europe and AXA Venture Partners.
Transaction Type: Investment
Investors: Highland Europe, AXA Venture Partners
Co-founders: Stephen Collie, George Beasley, Thomas McHugh
Headquarters: United Kingdom (UK)
🎯 AI startup CuspAI raised $30 million.
CuspAI, which everages generative AI, deep learning, and molecular simulation to streamline the material design process, has raised $30 million in Seed funding round. The investment round was led by Hoxton Ventures, with participation from Basis Set Ventures, Lightspeed Venture Partners, LocalGlobe, Northzone, Touring Capital, Giant Ventures, FJ Labs, Tiferes Ventures, Zero Prime Ventures, Mehdi Ghissassi and Dorothy Chou.
Transaction Type: Investment
Investors: Hoxton Ventures, Basis Set Ventures, Lightspeed Venture Partners, LocalGlobe, Northzone, Touring Capital, Giant Ventures, FJ Labs, Tiferes Ventures, Zero Prime Ventures, Mehdi Ghissassi, Dorothy Chou
Co-founders: Prof. Max Welling, Dr. Chad Edwards
Headquarters: United Kingdom (UK)
🎯 Multi-model database SurrealDB raised $20 million.
SurrealDB, an innovative, multi-model, cloud-ready database, suitable for modern and traditional applications, has raised $20 million, led by FirstMark and Georgian. Crew Capital and Alumni Ventures also participated in the investment round.
Transaction Type: Investment
Investors: FirstMark, Georgian, Crew Capital, Alumni Ventures
Co-founders: Tobie Morgan Hitchcock
Headquarters: United Kingdom (UK)
🎯 Quantum computing startup C12 raised €18 million.
C12, which develops carbon nanotube-based universal quantum computer, has raised €18 million. The investment round was led by Varsity Capital, Verve Ventures and EIC Fund, with participation from 360 Capital, Bpifrance and BNP Paribas Développement.
Transaction Type: Investment
Investors: Varsity Capital, EIC Fund, Verve Ventures, 360 Capital, Bpifrance, BNP Paribas Développement
Co-founders: Matthieu Desjardins, Pierre Desjardins
Headquarters: France
🎯 Wealth management platform Ramify raised €11 million.
Ramify, a wealth management platform that provides ETF, SCPI and private equity recommendations, management and selection, has raised €11 million in Series A funding round, led by 13books Capital. Fidelity International Strategic Ventures, Newfund, AG2R, Crédit Agricole and angel investors also participated in the investment round.
Transaction Type: Investment
Investors: 13books Capital, Fidelity International Strategic Ventures, Newfund, AG2R, Crédit Agricole, angel investors
Co-founders: Olivier Herbout, Samy Ouardini
Headquarters: France
🎯 Smart building automation solutions provider Bisly raised €6.2 million.
Bisly, which provides smart construction solutions and manufactures custom hardware components to complement their offerings, has raised €6.2 million in Series A funding round from Urvo Männama, Paul Padrik, Aconterra, SmartCap Green Fund, Pinorena Capital and angel investors.
Transaction Type: Investment
Investors: Urvo Männama, Paul Padrik, Aconterra, SmartCap Green Fund, Pinorena Capital, angel investors
Headquarters: Estonia
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