This week, more than 70 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between November 18 – 24:
Investments:
2 Germany, 1 Belgium, 1 Portugal, 1 Italy, 1 The Netherlands
Sectors Received Investments:
2 Aerospace
1 Software
1 Food Processing
1 Artificial Intelligence & Software
1 Test and Measurement
News of the Week
🎯 Spacetech company The Exploration Company raised $160 million.
The Exploration Company, which develops, manufactures and operates modular and reusable spaceships serving the needs of space stations, has raised $160 million in Series B funding round, co-led by Balderton Capital and Plural. Bessemer Venture Partners, NGP Capital, French Tech Souveraineté, DeepTech & Climate Fonds (DTCF) and Bayern Kapital also participated in the investment round.
Transaction Type: Investment
Investors: Balderton Capital, Plural, Bessemer Venture Partners, NGP Capital, French Tech Souveraineté, DeepTech & Climate Fonds (DTCF), Bayern Kapital
Co-founders: Hélène Huby
Headquarters: Germany
🎯 Unmanned aerial systems startup TEKEVER raised €70 million.
TEKEVER, which offers a surveillance-as-a-service solution, delivering actionable real-time intelligence to make oceans safer and save more lives, has raised €70 million from Baillie Gifford, NATO Innovation Fund, National Security Strategic Investment Fund, Crescent Cove Advisors LP, Iberis Capital and Cedrus Capital.
Transaction Type: Investment
Investors: Baillie Gifford, NATO Innovation Fund, National Security Strategic Investment Fund, Crescent Cove Advisors LP, Iberis Capital, Cedrus Capital
Co-founders: Ricardo Mendes
Headquarters: Portugal
🎯 Business software provider Odoo raised €500 million.
Odoo, which offers an integrated suite of business apps built through an open-source development model, has raised €500 million in secondary capital. The investment round was led by CapitalG and Sequoia Capital, with participation from BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP and Alkeon.
Transaction Type: Investment
Investors: CapitalG and Sequoia Capital, BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP, Alkeol
Co-founders: Fabien Pinckaers
Headquarters: Belgium
🎯 Snacking brand KoRo raised €35 million.
KoRo, which offers a wide range of high-quality products from natural foods, such as nut butters and dried fruit, to clean-label snacks and functional foods, has raised €35 million in Series C funding round, led by Coefficient Capital. Five Seasons Ventures, HV Capital, Partech, Haub Legacy and SevenVentures also participated in the investment round.
Transaction Type: Investment
Investors: Coefficient Capital, Five Seasons Ventures, HV Capital, Partech, Haub Legacy, SevenVentures
Co-founders: Florian Schwenkert
Headquarters: Germany
🎯 Finance and private credit technology platform Cardo AI raised $15 million.
Cardo AI, which provides an asset-based finance and private credit technology platform, has raised $15 million in Series A funding round. The investment round was led by Blackstone Innovations Investments, FINTOP Capital and JAM FINTOP, with participation from Andy Horwitz and Kevin MacDonald.
Transaction Type: Investment
Investors: Blackstone Innovations Investments, FINTOP Capital, JAM FINTOP, Andy Horwitz, Kevin MacDonald
Co-founders: Altin Kadareja
Headquarters: Italy
🎯 SaaS platform Tract raised $11.2 million.
Tract, a SaaS platform that dedicated to enhancing sustainability in agricultural supply chains, has raised $11.2 million from Archer Daniels Midland Company, Cargill, Louis Dreyfus Company, Olam, The Working Capital Fund and Rabo Investments.
Transaction Type: Investment
Investors: Archer Daniels Midland Company, Cargill, Louis Dreyfus Company, Olam, The Working Capital Fund, Rabo Investments
Co-founders: Allison Kopf
Headquarters: The Netherlands
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