This week, more than 80 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between October 7 – 11:
Investments:
3 United Kingdom (UK), 1 Switzerland, 1 France, 1 The Netherlands
Sectors Received Investments:
1 Financial Services
1 Biotechnology
1 Agriculture
1 Insurance
1 Building Material
1 EBooks
News of the Week
🎯 Digital cross-border payments platform Zepz raised $267 million.
Zepz, a global digital cross-border payments platform that enables international money transfers, has raised $267 million. The investment round was led by Accel, with participation from Leapfrog, TCV, Coller Capital and The International Financial Corporation.
Transaction Type: Investment
Investors: Accel, Leapfrog, TCV, Coller Capital, The International Financial Corporation.
Headquarters: United Kingdom (UK)
🎯 Gene therapy company Purespring Therapeutics raised $105 million.
Purespring Therapeutics, a gene therapy company that provides treatments for different kidney diseases, has raised $105 million in Series B funding round, led by Sofinnova Partners. Gilde Healthcare, Forbion, British Patient Capital and Syncona Limited also participated in the investment round.
Transaction Type: Investment
Investors: Sofinnova Partners, Gilde Healthcare, Forbion, British Patient Capital, Syncona Limited
Headquarters: United Kingdom (UK)
🎯 Digital farm management platform xFarm raised €36 million.
XFarm Technologies, which develops a digital farm management platform providing tools that support farmers in the management of their businesses, has raised €36 million in Series C funding round. The investment round was led by Partech, with participation from Impact Growth Fund, Mouro Capital, Swisscom Ventures, United Ventures and other investors.
Transaction Type: Investment
Investors: Partech, Impact Growth Fund, Mouro Capital, Swisscom Ventures, United Ventures, other investors
Headquarters: Switzerland
🎯 AI-powered insurance platform Qantev raised €30 million.
Qantev, an AI-powered platform transforming how health and life insurers manage claims, reduce costs and improve services, has raised €30 million from Blossom Capital, Elaia, Omnes and Raise Venture.
Investors: Blossom Capital, Elaia, Omnes, Raise Venture
Co-founders: Tarik Dadi, Hadrien De March
Headquarters: France
🎯 Decarbonization technology company Paebbl raised €22.8 million.
Paebbl, which restores captured carbon into industrial raw materials, has raised €22.8 million in Series A funding round, led by Capnamic. The Climate Pledge Fund, Holcim, Aurum Impact, Goldbeck, 2050, Pale Blue Dot and the Grantham Foundation also participated in the investment round.
Transaction Type: Investment
Investors: Capnamic, Climate Pledge Fund, Holcim, Aurum Impact, Goldbeck, 2050, Pale Blue Dot, the Grantham Foundation
Co-founders: Marta Sjögren, Andreas Saari, Jane Walerud, Pol Knops
Headquarters: The Netherlands
🎯 Digital library Perlego raised $20 million.
Perlego, an online library that provides students with unlimited access to academic titles with built-in learning tools, has raised $20 million from Sir Terry Leahy, Ithaka Partners, Raine Ventures, Mediahuis and KPN Ventures.
Transaction Type: Investment
Investors: Sir Terry Leahy, Ithaka Partners, Raine Ventures, Mediahuis, KPN Ventures
Co-founders: Gauthier Van Malderen
Headquarters: United Kingdom (UK)
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