This week, more than 70 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between September 11 – 15:
Investments:
3 United Kingdom (UK), 2 France, 1 Germany, 1 Estonia, 1 Italy, 1 Spain
Secondary Transactions:
1 The Netherlands
Sectors Received Investments:
1 Energy
1 Artificial Intelligence / Transportation
1 Information Technology
1 Automotive
1 Satellite Communication
1 Mobile Apps / Payments
1 Cyber Security
1 Cyber Security / Fintech
1 Fintech
News of the Week
🎯 Low-carbon battery manufacturer Verkor raised €2 billion.
Verkor, which manufactures low-carbon batteries, has raised €2 billion in Series C funding round, led by Macquarie Asset Management. Bpifrance, CMA CGM Ventures, Credit Agricole Assurances, EIT InnoEnergy, EQT Ventures, Government of France, Meridiam and Renault Group.
Transaction Type: Investment
Investors: Macquarie Asset Management, Bpifrance, CMA CGM Ventures, Credit Agricole Assurances, EIT InnoEnergy, EQT Ventures, Government of France, Meridiam, Renault Group
Co-founders: Benoit Lemaignan, Christophe Mille, Sylvain Paineau
Headquarters: France
🎯 Driverless vehicle company Conigital raised £500 million.
Conigital, a driverless vehicle and transport company, has raised £500 million in Series A+ funding round.
Transaction Type: Investment
Investors: –
Co-founders: Don-Paul Dhaliwal
Headquarters: United Kingdom (UK)
🎯 AI-based defence company Helsing raised €209 million.
Helsing, an information technology company that artificial intelligence in implementing security, has raised €209 million in Series B funding round, led by General Catalyst. Saab also participated in the investment round.
Transaction Type: Investment
Investors: General Catalyst, Saab
Co-founders: Torsten Reil, Gundbert Scherf
Headquarters: Germany
🎯 Car subscription service Revel raised €115 million.
Revel, a digital platform that provides a car subscription service, has raised €115 million from Santander Consumer Finance and KKR.
Transaction Type: Investment
Investors: Santander Consumer Finance, KKR
Co-founders: Enrique de Mateo, Daniel Marcos
Headquarters: Spain
🎯 Satellite company Open Cosmos raised $50 million.
Open Cosmos, a space technology company that designs, builds, and operates low-earth orbit satellites, providing data and images, has raised $50 million in Series B funding round from ETF Partners, Trill Impact, A&G, Accenture Ventures, Banco Santander InnoEnergy Climate Tech Fund, Claret Capital Partners, Taavet Hinrikus and Kheng Nam Lee.
Transaction Type: Investment
Investors: ETF Partners, Trill Impact, A&G, Accenture Ventures, Banco Santander InnoEnergy Climate Tech Fund, Claret Capital Partners, Taavet Hinrikus, Kheng Nam Lee
Co-founders: Rafel Jorda Siquier
Headquarters: United Kingdom (UK)
🎯 Digital payments platform HyperJar raised $24 million.
HyperJar, a digital payments, planning and presonalised rewards platform, has raised $24 million in Series A funding round from Susquehanna Private Equity Investments and the Healthcare of Ontario Pension Plan.
Transaction Type: Investment
Investors: Susquehanna Private Equity Investments, the Healthcare of Ontario Pension Plan.
Co-founders: Mat Megens, Paul Rolles
Headquarters: United Kingdom (UK)
🎯 Cybersecurity company Binalyze raised $19 million.
Binalyze, a comprehensive DFIR platform to speed up cyber incident response and improve cyber resilience, has raised $19 million in Series A funding round. The investment round was led by Molten Ventures, with participation from Earlybird Digital East, OpenOcean, Cisco Investments, Citi Ventures, and Deutsche Bank Corporate Venture Capital.
Transaction Type: Investment
Investors: Molten Ventures, Earlybird Digital East, OpenOcean, Cisco Investments, Citi Ventures, Deutsche Bank Corporate Venture Capital
Co-founders: Emre Tinaztepe
Headquarters: Estonia
🎯 B2B payments and treasury management solution Fipto raised €15 million.
Fipto, a digital asset service company that provides treasury management solutions for businesses, has raised €15 million in Seed funding round. The investment round was led by Serena, with participation from Motier Ventures.
Transaction Type: Investment
Investors: Serena, Motier Ventures
Co-founders: Patrick Mollard
Headquarters: France
🎯 Fraud management solution provider Cleafy raised €10 million.
Cleafy, which protects web and mobile applications from tampering attempts and deploys countermeasures to guarantee data and content integrity, has raised €10 million from United Ventures.
Transaction Type: Investment
Investors: United Ventures
Co-founders: Carmine Giangregorio
Headquarters: Italy
🛒 Recharge acquires startselect.
Digital vouchers and prepaid card solutions service Recharge has acquired digital gift and gaming cards company Startselect.
Transaction Type: Acquisition
Investors: Recharge
Co-founders: Max Gudden
Headquarters: The Netherlands
Other News:
📌 Healthcare specialist SHS Capital has raised €270 million to invest in European healthcare startups.
📌 Finland-based VC firm NordicNinja has announced a new €200 million fund for climatetech and deeptech startups.
📌 Private equity firm Verdane has announced the final close of its new €1.1 billion fund to invest in sustainability, digital technologies and decarbonization solution startups.
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