Weekly Startup Ecosystem Overview in Europe / May 29 – June 3

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Last week, 15 startups in the European entrepreneurship ecosystem received investment. The headquarters of the startups that received investment were distributed as Spain, France, United Kingdom (UK), Finland, Sweden, Italy, Switzerland, Netherlands and Ireland. 2 startup purchase has been also made.

Investments:

3 United Kingdom (UK) 2 Spain, 2 France, 2 Germany, 2 Finland, 1 Sweden, 1 Italy, 1 Switzerland, 1 Netherlands, 1 Ireland

Acquisitions:

1 Estonia, 1 Italy

Sectors Received Investments:

3 FinTech

2 Climate Tech

2 Energy

1 PaaS

1 Mobility

1 Construction Tech

1 Artificial Intelligence

1 Health Tech

1 Deep Tech

1 PropTech

1 TravelTech

News of the Week

🎯 Fintech platform Teylor raised funding.

Teylor, a SME Lending platform that provides fastest and most comfortable SME loans, has raised €275 million in debt financing round, led by M&G Plc and Barclays Investment Bank.

Transaction Type: Investment

Investment Amount: €275.000.000

Investors: M&R Plc, Barclays Investment Bank

Co-founders: Patrick Staeuble

Country: Switzerland

🎯 Payment app Klearly raised funding.

Klearly, which simplifies payment acceptance for small and medium-sized businesses by transforming smartphones and tablets into secure payment, received an investment of €2.1 million in pre-Seed funding round, led by Global PayTech Ventures and Antler.

Transaction Type: Investment

Investment Amount: €2.100.000

Investors: Global PayTech Ventures, Antler

Co-founders: Sam Koekoek

Country: Netherlands

🎯 Payment platform NomuPay raised funding.

NomuPay, which develops a Unified Payment Platform that helps to accept payments and send payouts in Southeast Asia, Europe and Turkey, has raised $53.6 million. The investment round was co-led by Finch Capital and Outpost Ventures

Transaction Type: Investment

Investment Amount: $53.600.000

Investors: Finch Capital, Outpost Ventures

Co-founders:

Country: Ireland

🎯 Carbon removal portfolio platform CUR8 raised funding.

CUR8, a startup that commits to establishing a global market for carbon reductions, recevied an investment of £5.3 million in pre-Seed funding round, led by GV (Google Ventures). Climate VC, CapitalT, Systema nova, Force Over Mass Capital and ANIM also participated in the investment round.

Transaction Type: Investment

Investment Amount: £5.300.000

Investors: GV, Climate VC, CapitalT, Systema nova, Force Over Mass Capital, ANIM

Co-founders: Marta Krupinska, Dr. Gabrielle Walker

Country: United Kingdom (UK)

🎯 Solar kit manufacturer Beem Energy raised funding.

Beem Energy, a manufacturer of home energy efficiency and energy management systems such as solar kits, has raised €20 million in Series A funding round, led by 360 Capital and C ENTREPRENEURS. Alter Equity 3P, Bpifrance, BNP Paribas Développement and David Sloo also participated in the investment round.

Transaction Type: Investment

Investment Amount: €20.000.000

Investors: 360 Capital, C ENTREPRENEURS, Alter Equity 3P, Bpifrance, BNP Paribas Développement, David Sloo

Co-founders: Pierre- Emmanuel ROGER, Ralph FEGHALI

Country: France

🎯 Power plants creator Proxima Fusion raised funding.

Proxima Fusion, which creates new types of power plants using stellarators that optimised to create magnetic cages for high-energy particles, has raised €7 million in pre-Seed funding round, led by Plural Platform and UVC Partners. High-Tech Gründerfonds (HTGF) and the Wilbe Group also participated in the investment round.

Transaction Type: Investment

Investment Amount: €7.000.000

Investors: Plural Platform, UVC Partners, High-Tech Gründerfonds (HTGF), Wilbe Group

Co-founders: Martin Kubie

Country: Germany

🎯 Energy technology Vensum raised funding.

Vensum, an energy startup that offers  power conversion efficiency, has raised €3.8 million in Seed funding round, led by Lifeline Ventures. Grid.vc, Harjavalta Oy and Business Finland also participated in the investment round.

Transaction Type: Investment

Investment Amount: €3.800.000

Investors: Lifeline Ventures, Grid.vc, Harjavalta Oy, Business Finland

Co-founders: Mika Marjalaakso

Country: Finland

🎯 PaaS for video platforms Yuvod raised funding.

Yuvod, a comprehensive PaaS with which to offer a personalized and high-quality IPTV/OTT service, has raised €4 million in Seed funding round, led by Palomar Capital and Conector Startup Accelerator. Bill Luby, Navesink, Valencia Institute of Finance, Todd Balestro and ENISA also participated in the investment round.

Transaction Type: Investment

Investment Amount: €4.000.000

Investors: Palomar Capital, Conector Startup Accelerator, Bill Luby, Navesink, Valencia Institute of France, Todd Balestro, ENISA

Co-founders:

Country: Spain

🎯 Mobility startup Loewi raised funding.

Loewi, which refurbishes electric bikes, has raised €1 million in pre-Seed funding round. The investement round was participated by Antler FranceSatgana, the Centrale-Supélec 21st Fund and the Caméléon Invest Family Office.

Transaction Type: Investment

Investment Amount: €1.000.000

Investors: Antler France, Satgana, the Centrale-Supélec 21st Fund, Caméléon Invest Family Office

Co-founders: Diego Level, Tanguy Lastennet

Country: France

🎯 Charging point company Weev raised funding.

Weev, an electric vehicle (EV) charge point operator, received an investment of £50 million from octopus investments.

Transaction Type: Investment

Investment Amount: £50.000.000

Investors: octopus investment

Co-founders: Dominic Kearns, Thomas O’Hagan

Country: United Kingdom (UK)

🎯 Construction data analysis solution Qflow raised funding.

Qflow, which provides construction teams with materials and waste data at the source, thus helping project teams make decisions on cost carbon and quality, has raised $9.1 million in Series A funding round. The investment round was led by Systemiq Capital, with participation from Ascension Ventures, Bridge Investment Group, Gravel Rd, Greensoil Proptech Ventures, Grosvenor, Jon Emrey, MMC and Suffolk Tech.

Transaction Type: Investment

Investment Amount: $9.100.000

Investors: Systemiq Capital, Ascension Ventures, Bridge Investment Group, Gravel Rd, Greensoil Proptech Ventures, Grosvenor, Jon Emrey, MMC, Suffolk Tech.

Co-founders: Brittany Harris, Jade Cohen

Country: United Kingdom (UK)

🎯 Digital mapping platform Bettermaps raised funding.

Bettermaps, which combines digital cartography with artificial intelligence to create accurate and unique digital maps, has raised €200,000 in a pre-seed funding round from undisclosed angel investors.

Transaction Type: Investment

Investment Amount: €200.000

Investors: Angel investors

Co-founders: Pablo Viejo

Country: Spain

🎯 Healthtech company Encare raised funding.

Encare, a SaaS solution that supports healthcare providers in implementing best practices for surgical care to improve patient outcomes, has raised €1.5 million in Series A funding round from Sciety.

Transaction Type: Investment

Investment Amount: €1.500.000

Investors: Sciety

Co-founders: Olle Ljungqvist

Country: Sweden

🎯 Thermal accumulators designer i-TES raised funding.

i-TES, which designs and manufactures thermal accumulators that exploit materials, has raised €1.4 million. The investment round was led by Eureka Venture and Tech4Planet.

Transaction Type: Investment

Investment Amount: €1.400.000

Investors: Eureka Ventures, Tech4Planet

Co-founders: Michele Santovito, Noemi Muscarà

Country: Italy

🎯 Vacation rental platform Hostaway raised funding.

Hostaway, which offers vacation rental management software solutions to property managers and online travel agencies, has raised $175 million. The investment round was led by PSG

Transaction Type: Investment

Investment Amount: $175.000.000

Investors: PSG

Co-founders: Marcus Rader, Mikko Nurminen, Saber Kordestanchi

Country: Finland / Canada

🎯 Travel experiences platform and marketplace GetYourGuide raised funding.

GetYourGuide, an online tourism platform that connects travelers with local guides for unique experiences worldwide, has announced the closing of $194 million in equity and credit financing. Blue Pool Capital led the $85 million Series F funding round, with participation from KKR and Temasek. UniCredit led the Revolving Credit Facility (RCF) of $109 million, with participation from BNP Paribas, Citi, and KfW.

Transaction Type: Investment

Investment Amount: $194.000.000

Investors: Blue Pool Capital, KKR, Temasek, UniCredit, BNP Paribas, Citi, KfW

Co-founders: Johannes Reck, Martin Sieber, Tao Tao, Tobias Rein

Country: Germany

🛒 TextMagic acquires Voog.

UK-based SMS platform provider TextMagic AS has acquired Voog, a mess-free platform that enables to build websites with a creative flow.

Transaction Type: Acquisition

Investors: TextMagic AS

Co-founders: Märt Kelder, Priit Haamer, Tonu Runnel

Country: Estonia

🛒 Contents.com acquires Scribox.

AI-powered content generation platform Contents.com has acquired content marketing specialist company Scribox.

Transaction Type: Acquisition

Investors: Contents.com

Co-founders:

Country: Italy

Other News:

📌 UK-based VC Talis Capital has raised $175 million in its third fund to invest in both European and US startups from seed stage to Series A stage.

📌 Warsaw/New York-based ff Venture Capital has announced a new €60 million fund aimed at bridging Central European startups with both the US and Japanese markets.

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