This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between October 23 – 27:
Investments:
4 Germany, 1 Spain, 1 France, 1 Switzerland, 1 Italy, 1 Luxembourg
Secondary Transactions:
1 Germany, 1 Ireland, 1 Belgium
Sectors Received Investments:
1 Robotics / Aerospace
1 Financial Services / Supply Chain Management
1 Artificial Intelligence
1 GreenTech
1 Biotechnology – Astraveus
1 Computer Vision / Artificial Intelligence
1 Telecommunications / IoT
1 Battery / Recycling
1 Agriculture
News of the Week
🎯 AI-powered drone robotics company Quantum Systems raised €63.6 million.
Quantum Systems, which develops and manufactures ai-powered drone robotics for both government and commercial clients, has raised €63.6 million in Series B funding round, led by HV Capital and DTCP. Project A, Thiel Capital, ScaleUp Fonds Bayern, Omnes Capital and Airbus Ventures also participated in the investment round.
Transaction Type: Investment
Investors: HV Capital, DTCP, Project A, Thiel Capital, ScaleUp Fonds Bayern, Omnes Capital, Airbus Ventures
Co-founders: –
Headquarters: Germany
🎯 Supply chain finance solution Twinco Capital raised €50 million.
Twinco Capital, which offers a supply chain finance solution between suppliers and purchases via purchase order funding, has raised €50 million debt financing from BBVA Spark.
Transaction Type: Investment
Investors: BBVA Spark
Co-founders: Sandra Nolasco, Carmen Marin
Headquarters: Spain
🎯 AI-powered text-to-video platform Oxolo raised €13 million.
Oxolo, which developsgenerative ai-powered video platform, has raised €13 million in Series A funding round. The investment round was led by DN Capital, with participation from Christian Vollmann, Johannes Plehn, Thomas Hagemann, Stefan Wiskemann, Alex Täubert and Mischa Ruerup.
Transaction Type: Investment
Investors: DN Capital, Christian Vollmann, Johannes Plehn, Thomas Hagemann, Stefan Wiskemann, Alex Täubert, Mischa Ruerup.
Co-founders: Heiko Hubertz
Headquarters: Germany
🎯 Social-benefit company The Landbanking Group raised $11 million.
The Landbanking Group, which provides balance-sheet grade nature equity assets aimed at agri-food, energy, resource or infrastructure companies, has raised $11 million in Seed funding round, led by BonVenture and André Hoffmann. 4P Capital, Vanagon, Planet A, the SUN Institute of the Deutsche Post Foundation, Prince Maximilian of Liechtenstein, Alexa Firmenich, Jan-Hendrik Goldbeck and Fabian Strüngmann also participated in the investment round.
Transaction Type: Investment
Investors: BonVenture, André Hoffmann, 4P Capital, Vanagon, Planet A, the SUN Institute of the Deutsche Post Foundation, Prince Maximilian of Liechtenstein, Alexa Firmenich, Jan-Hendrik Goldbeck, Fabian Strüngmann
Co-founders: Prof. Dr. Martin R. Stuchtey, Dr. Sonja Stuchtey
Headquarters: Germany
🎯 Cell and gene therapy developer Astraveus raised €10.4 million.
Astraveus, which develops next generation of cell and gene therapy (CGT) manufacturing solutions, has raised €10.4 million grant from French government.
Transaction Type: Investment
Investors: French government
Co-founders: Jeremie Laurent
Headquarters: France
🎯 No-code computer vision platform Viso raised $9.2 million.
Viso, a no-code computer vision platform to build, deploy and operate AI vision applications, has raised $9.2 million in Seed funding round, led by Accel. Angel investors Mehdi Ghissassi, Mihai Faur, Remy Lazarovici, James Isilay and Stef van Grieken also participated in the investment round.
Transaction Type: Investment
Investors: Accel, Mehdi Ghissassi, Mihai Faur, Remy Lazarovici, James Isilay, Stef van Grieken
Co-founders: Gaudenz Boesch, Nico Klingler
Headquarters: Switzerland
🎯 Telecommunications company WSense raised €9 million.
WSence, a telecommunications company that specializes in underwater monitoring and communication systems based on IoUT solutions, has raised €9 million in Series A funding round. The investment round was led by SWEN Blue Ocean, with participation from CDP Ventures, RunwayFBU, Axon Partners Group, Katapult Ocean, CoreAngels Climate and Moonstone.
Transaction Type: Investment
Investors: SWEN Blue Ocean, CDP Ventures, RunwayFBU, Axon Partners Group, Katapult Ocean, CoreAngels Climate, Moonstone
Co-founders: Chiara Petrioli
Headquarters: Italy
🎯 Battery recycling startup Circu Li-ion raised €8.5 million.
Circu Li-ion, an automated battery and cell upcycling company that maximizes the value of each battery, has raised €8.5 million in Seed funding round from BonVenture.
Transaction Type: Investment
Investors: BonVenture
Co-founders: Xavier Kohll, Antoine Welter
Headquarters: Luxembourg
🎯 Agritech startup FarmInsect raised €8 million.
FarmInsect, which offers an automated solution for the local insect breeding at the farmer as animal feed for chickens, pork, and fish, has raised €8 million in Series A funding round, led by Sandwater. Minderoo Foundation, EIC Fund, Bayern Kapital, High-Tech Grunderfonds and UnternehmerTUM also participated in the investment round.
Transaction Type: Investment
Investors: Sandwater, Minderoo Foundation, EIC Fund, Bayern Kapital, High-Tech Grunderfonds, UnternehmerTUM
Co-founders: Wolfgang Westermeier, Andre Klockner, Thomas Kuehn
Headquarters: Germany
🛒 Fortive acquires EA Elektro-Automatik.
US-based company Fortive has acquired laboratory power supplies, high-performance power supplies and electronic loads manufacturer EA Elektro-Automatik in $1.45B deal.
Transaction Type: Acquisition
Investors: Fortive
Co-founders: –
Headquarters: Germany
🛒 Radius Technologies, acquired by Ekco.
Cloud service provider Ekco has acquired IT company Radius Technologies.
Transaction Type: Acquisition
Investors: Ekco
Co-founders: –
Headquarters: Ireland
🛒 itsme acquires nextAuth.
Identity app itsme has acquired multi-factor authentication firm nextAuth.
Transaction Type: Acquisition
Investors: itsme
Co-founders: Bart Preneel, Jens Hermans, Roel Peeters
Headquarters: Belgium
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