Last week, 8 startups in the European entrepreneurship ecosystem received investment. The headquarters of the startups that received investment were distributed as United Kingdom (UK), Switzerland, Iceland, Sweden, Germany and France. 3 startup purchase has been also made.
Investments:
3 United Kingdom (UK), 1 Switzerland, 1 Iceland, 1 Sweden, 1 Germany, 1 France
Acquisitions:
1 United Kingdom (UK), 1 France, 1 Sweden
Sectors Received Investments:
2 Climate Tech
1 Energy
1 Fintech
1 AdTech
1 Industrial Tech
1 Space Tech
1 Gaming
News of the Week
🎯 Solar panel startup 1KOMMA5° raised funding.
KOMMA5 °, which offers all owners of electric vehicles free electricity, received an investment of €430 million in Series B funding round. The investment round was led by G2VP and Ben Kortlang.
Transaction Type: Investment
Investment Amount: $430.000.000
Investors: G2VP, Ben Kortlang
Co-founders: Jannik Schall, Micha Grueber, Michael Hinderer, Philip Liesenfeld, Philipp Schröder
Country: Germany
🎯 Carbon removal marketplace Supercritical raised funding.
Supercritical, which helps businesses tackle the climate crisis and reach carbon net zero, has raised $13 million in Series A funding round, led by Lightspeed Venture Partners. Greencode Ventures, MMC Ventures and RTP Global also participated in the investment round.
Transaction Type: Investment
Investment Amount: $13.000.000
Investors: Lightspeed Venture Partners. Greencode Ventures, MMC Ventures, RTP Global
Co-founders: Aaron Randall, Michelle You
Country: United Kingdom (UK)
🎯 Battery manufacturer Northvolt raised funding.
Northvolt, a sustainable lithium-ion batterymanufacturer for electric vehicles, industrial systems, and energy storage systems, received an investment of $400 million from Canada’s Investment Management Corporation of Ontario.
Transaction Type: Investment
Investment Amount: $400.000.000
Investors: Investment Management Corporation of Ontario
Co-founders: Paolo Cerruti, Peter Carlsson
Country: Sweden
🎯 Advertising agency Hygh raised funding.
Hygh, which offers clients with budgets large and small access to hyperlocal outdoor digital displays, has raised €21.5 million in a hybrid debt and equity funding round from Sparta Capital.
Transaction Type: Investment
Investment Amount: €21.500.000
Investors: Sparta Capital
Co-founders: Antonius Link, Fritz Frey, Vincent Muller
Country: Switzerland
🎯 Real-time payments infrastructure provider Volt raised funding.
Real-time payments infrastructure builder Volt, has raised $60 million in Seris B funding round. The investment round was led by IVP, with participation from CommerzVentures, EQT Ventures, Augmentum Fintech and Fuel Ventures.
Transaction Type: Investment
Investment Amount: $60.000.000
Investors: CommerzVentures, EQT Ventures, Augmentum Fintech, Fuel Ventures
Co-founders: Jordan Lawrence, Steffen Vollert, Tom Greenwood
Country: United Kingdom (UK)
🎯 Insights provider DTE raised funding.
DTE, a platform that provides insights to the metal production and manufacturing industry, has raised $10 million in Series A funding round. The investment round was joined by Novelis, Metaplanet, European Innovation Council (EIC) Fund, Chrysalix Venture Capital and Brunnur Ventures.
Transaction Type: Investment
Investment Amount: $10.000.000
Investors: Novelis, Metaplanet, European Innovation Council (EIC) Fund, Chrysalix Venture Capital, Brunnur Ventures
Co-founders: Karl Ágúst Matthíasson, Sveinn Hinrik Guðmundsson
Country: Iceland
🎯 Space tech startup Look Up Space raised funding.
Look Up Space, which provides space safety and security data & services of unprecedented quality, with a sovereign and secure sensor network, has raised €14 million in Seed funding. The round is split between €7 million in private funding and €7 million via the French Tech seed fund.
Transaction Type: Investment
Investment Amount: €14.000.000
Investors: Karista, Hélène Huby, CosmiCapital, MIG Capital
Co-founders: Juan Carlos Dolado
Country: France
🎯 Mobile gaming studio Drest raised funding.
Interactive luxury styling game Drest has raised £15 million from Graham Edwards.
Transaction Type: Investment
Investment Amount: £15.000.000
Investors: Graham Edwards
Co-founders: Graham Edwards, Lucy Yeomans
Country: United Kingdom (UK)
🛒 Bulla Co acquires Hype Collective.
UK-based marketing firm Bulla Co has aqcuired youth marketing agency Hype Collective.
Transaction Type: Acquisition
Investors: Bulla Co
Co-founders: –
Country: United Kingdom (UK)
🛒 Wast, acquired by Laundryheap.
On-demand laundry platform Laundryheap has acquired an online laundry delivery application Wast.
Transaction Type: Acquisition
Investors: Laundryheap
Co-founders: Yannick Mbengue, David Gourdet, Ziad Abourjeili
Country: France
🛒 Stirling Square Capital Partners acquires Infobric.
Mid-market private equity firm Stirling Square Capital Partners has acquired construction tech company Infobric.
Transaction Type: Acquisition
Investors: Stirling Square Capital Partners
Co-founders: –
Country: Sweden
Other News:
📌 Luxembourg-based European edtech VC Brighteye Ventures has announced its new fund at €100 million. The fund will provide capital to European edtech start-ups in their early-stages, investing in Seed and Series A rounds.
📌 Boost Capital Partners has announced first close of its UX-focused fund at $30 million. The new fund will offer initial pre-seed or seed stage ticket sizes ranging from $300.000 to $750.000 to companies working on improving health, wellness, education, sustainability, entertainment and finance user experiences.
📌 Deep tech investment platform Supernova Invest has launched its Supernova Innovation 3 seed fund, with a first closing of €75 million.The fund will focus on European deep tech start-ups protected by IP, and positioned in high-potential growth markets.
📌 Luxembourg-based Expon Capital has announced the first closing of its Digital Tech Fund seed-stage fund, with €14 million.
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