This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between May 27 – 31:
Investments:
2 Sweden, 1 United Kingdom (UK), 1 Germany, 1 Romania, 1 Ireland, 1 Switzerland
Secondary Transactions:
1 United Kingdom (UK)
Sectors Received Investments:
1 Renewable Energy
1 Embedded Systems & Renewable Energy
1 Textiles
1 Financial Services
1 Health Care
1 Mental Health & Wellness
1 Artificial Intelligence
News of the Week
🎯 Battery storage services provider Zenobē raised $522.7 million.
Zenobe Energy, which manufactures battery storage assets for electric bus operators, utilities, and industrial and commercial businesses, has raised $522.7 million in debt financing round from
Societe Generale, Siemens, Scottish Widows Investment Partnership, Santander UK, Rabobank, NatWest, MUFG Bank, Lloyds Banking Group, CIBC and Aviva Investors.
Transaction Type: Investment
Investors: Societe Generale, Siemens, Scottish Widows Investment Partnership, Santander UK, Rabobank, NatWest, MUFG Bank, Lloyds Banking Group, CIBC, Aviva Investors
Co-founders: Steven Meersman
Headquarters: United Kingdom (UK)
🎯 Renewable energy startup Cloover raised $114 million.
Cloover, which provides embedded financial services, software, and energy solutions to facilitate a successful energy transition, has raised $114 million in Seed funding round. The investment round was led by Lowercarbon Capital, with participation from 9900 Capital and QED.
Transaction Type: Investment
Investors: Lowercarbon Capital, 9900 Capital, QED
Co-founders: Jodok Betschart, Valentin Gönczy
Headquarters: Germany
🎯 Textile impact company Syre raised $100 million.
Syre, a textile impact company aiming to decarbonize and dewaste the textile industry through textile-to-textile recycling at hyperscale, has raised $100 million in Series A funding round, led by TPG Rise Climate. Giant Ventures, IMAS Foundation, Norrsken VC, H&M Group Ventures and Volvo Cars also participated in the investment round.
Transaction Type: Investment
Investors: TPG Rise Climate, Giant Ventures, IMAS Foundation, Norrsken VC, H&M Group Ventures, Volvo Cars
Co-founders: –
Headquarters: Sweden
🎯 Fintech startup FintechOS raised $60 million.
FintechOS, an end-to-end financial product management platform, has raised $60 million in Series B funding round, led by Molten Ventures. Cipio Partners, BlackRock, EarlyBird VC, OTB VC and Gapminder VC also participated in the investment round.
Transaction Type: Investment
Investors: Molten Ventures, Cipio Partners, BlackRock, EarlyBird VC, OTB VC, Gapminder VC
Co-founders: Teo Blidarus
Headquarters: Romania
🎯 Contraceptive app Natural Cycles raised $55 million.
Natural Cycles, a healthcare app that uses body temperature to determine fertility status, has raised $55 million in Series C funding round. The investment round was led by Lauxera Capital Partners, with participation from Point72 Private Investments, J.P. Morgan, EQT Ventures, Samsung Ventures, Heartcore Capital, Headline and Bonnier Ventures.
Transaction Type: Investment
Investors: Lauxera Capital Partners, Point72 Private Investments, J.P. Morgan, EQT Ventures, Samsung Ventures, Heartcore Capital, Headline, Bonnier Ventures.
Co-founders: Dr. Elina Berglund Scherwitzl, Dr. Raoul Scherwitzl
Headquarters: Sweden
🎯 Wellness platform Spectrum Life raised €17 million.
Spectrum Life, a B2B mental health & wellness platform designed to help improve employees’ health and well-being at work, has raised €17 million from Act Venture Capital.
Transaction Type: Investment
Investors: Act Venture Capital
Co-founders: Stuart McGoldrick
Headquarters: Ireland
🎯 AI-powered platform EthonAI raised €15.3 million.
EthonAI, an ai-powered manufacturing analytics, has raised €15.3 million Series A funding, led by Index Ventures. General Catalyst, Earlybird and Founderful also participated in the investment round.
Transaction Type: Investment
Investors: Index Ventures, General Catalyst, Earlybird, Founderful
Co-founders: Julian Senoner, Bernhard Kratzwald
Headquarters: Switzerland
🛒 Eaton acquires Exertherm.
Intelligent power management solution Eaton has acquired thermal monitoring solutions for electrical equipment provider Exerthem.
Transaction Type: Acquisition
Investors: Eaton
Co-founders: –
Headquarters: United Kingdom (UK)
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