This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between October 2 – 6:
Investments:
2 France, 1 Sweden, 1 Germany, 1 United Kingdom (UK), 1 Ukraine, 1 Romania
Secondary Transactions:
1 United Kingdom (UK), 1 Belgium
Sectors Received Investments:
1 Financial Services
1 Property Management
1 Food Processing
1 Artificial Intelligence
1 Software
1 Advertising
1 Sales
News of the Week
🎯 Instant payments and payouts provider Brite Payments raised $60 million.
Brite Payments, a provider of instant payments and payouts, powered by open banking, has raised $60 million in Series A funding round, led by Dawn Capital. Headline and Incore also participated in the investment round.
Investors: Dawn Capital, Headline, Incore
Co-founders: Lena Hackelöer
Headquarters: Sweden
🎯 Flexible housing provider Habyt raised €40 million.
Habyt, which develops and manages community-driven and technologically-empowered co-living spaces, has raised €40 million in Series C funding round. The investment round was led by Korelya Capital and Deutsche Invest, with participation from Exor Ventures and Endeavor Catalyst.
Transaction Type: Investment
Investors: Korelya Capital, Deutsche Invest, Exor Ventures, Endeavor Catalyst
Co-founders: Luca Bovone
Headquarters: Germany
🎯 Plant-based food technology developer Umiami raised €32.5 million.
Umiami, a food-tech startup that develops a plant-based food technology to reduce meat consumption, has raised €32.5 million in Series A funding round, led by SPI Fund and French Tech Seed (managed by Bpifrance). Astanor Ventures, Redalpine, Newfund and VERSO Capital also participated in the investment round.
Transaction Type: Investment
Investors: SPI Fund, French Tech Seed, Astanor Ventures, Redalpine, Newfund, VERSO Capital
Co-founders: Martin Habfast, Tristan Maurel
Headquarters: France
🎯 AI-powered visual moderation company Unitary raised $15 million.
Unitary, which builds context-aware AI and multimodal machine learning approaches to analyze content in context, has raised $15 million in Series A funding round. The investment round was led by Creandum, with participation from Paladin Capital Group and Plural.
Transaction Type: Investment
Investors: Creandum, Paladin Capital Group, Plural
Co-founders: Sasha Haco, James Thewlis
Headquarters: United Kingdom (UK)
🎯 Product development company Trinetix raised $10 million.
Trinetix, an information technology and software development company, has raised $10 million from Hypra.
Transaction Type: Investment Venture round
Investors: Hypra
Co-founders: Sasha Strozhemin
Headquarters: Ukraine
🎯 Ad design automation platform Creatopy raised $10 million.
Creatopy, which helps businesses customize, automate and scale up their ad production and delivery, has raised $10 million in Series A funding round from 3VC and Point Nine.
Transaction Type: Investment
Investors: 3VC, Point Nine
Co-founders: Gabriel Ciordas
Headquarters: Romania
🎯 Pay management company Qobra raised €10 million.
Qobra, a next-generation sales compensation software increasing sales teams performance, has raised €10 million in Series A funding round. The investment round was led by Singular, with participation from Revenue Syndicate and Breega.
Transaction Type: Investment
Investors: Singular, Revenue Syndicate, Breega
Co-founders: Tanguy Moulle, Antoine Fort, Axel Poitral
Headquarters: France
🛒 Wagestream acquires Keebo.
Fintech service Wagestream has acquired crosstown credit card and credit building service Keebo.
Transaction Type: Acquisition
Investors: Wagestream
Co-founders: Matthew Hallett, Michael Vanaselja
Headquarters: United Kingdom (UK)
🛒 Oncomfort, acquired by HypnoVR.
VR therapy provider HypnoVR has acquired digital sedation company Oncomfort.
Transaction Type: Acquisition
Investors: HypnoVR
Co-founders: Diane Jooris
Headquarters: Belgium
Other News:
📌 Early-stage hardtech specialist VC firm HCVC has announced the close of its second fund at $75 million. The fund will invest in European and North American Pre-Seed and Seed stage startups working across a wide range of verticals including decarbonisation, defence and space.
📌 Spain-based VC firm Leadwind has announced its final close with commitments up to $250 million.
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