This week, more than 75 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between September 18 – 22:
Investments:
4 Germany, 4 United Kingdom, 1 Denmark, 1 Netherlands, 1 Spain, 1 Austria, 1 France
Secondary Transactions:
1 Germany, 1 France, 1 Spain
Sectors Received Investments:
3 Financial Technologies
1 Health Tech
1 Education
1 GreenTech
1 Financial Services
1 Autonomous Vehicles
1 Artificial Intelligence
1 Recycling
1 Biotechnology
1 Insurance
News of the Week
🎯 Mid-sized SME financing provider ThinCats raised £696 million.
ThinCats, an alternative finance provider dedicated to funding growing and ambitious mid-sized SMEs across the UK, has raised £696 million from Barclays Bank and Citi.
Transaction Type: Investment
Investors: Barclays Bank, Citi
Co-founders: –
Headquarters: United Kingdom (UK)
🎯 Banking platform Curve raised £58 million.
Curve, a banking platform that consolidates cards and accounts into one smart card and app, has raised £58 million in Series C funding round from Britannia, Cercano Management, Cohen Circle, IDC Ventures and Outward VC.
Transaction Type: Investment
Investors: Britannia, Cercano Management, Cohen Circle, IDC Ventures, Outward VC
Co-founders: Shachar Bialick
Headquarters: United Kingdom (UK)
🎯 Payment platform Moss raised €50 million.
Moss, a fintech startup for corporate credit cards, payments, and expenses, has raised €50 million in debt funding round from HSBC Innovation Banking UK.
Transaction Type: Investment
Investors: HSBC Innovation Banking UK
Co-founders: Ante Spittler, Anton Rummel, Ferdinand Meyer, Stephan Haslebacher
Headquarters: Germany
🎯 SME lending fintech service Fleximize raised £136 million.
Fleximize, a fintech-led business finance provider offering business loans for SME’s, has raised £136 million in debt financing round from Goldman Sachs and Citi.
Transaction Type: Investment
Investors: Goldman Sachs, Citi
Co-founders: Maxim Chmyshuk, Peter Tuvey
Headquarters: United Kingdom (UK)
🎯 AI-based healthcare interactions provider Corti raised $60 million.
Corti, a healthtech startup that helps emergency departments to detect critical illnesses, has raised $60 million in Series B funding round. The investment round was led by Prosus Ventures and Atomico, with participation from existing investors Eurazeo, EIFO, and Chr. Augustinus Fabrikker.
Transaction Type: Investment
Investors: Prosus Ventures, Atomico, Eurazeo, EIFO, Chr. Augustinus Fabrikker
Co-founders: Lars Maaløe, Andreas Cleve
Headquarters: Denmark
🎯 Corporate up-skilling provider Lepaya raised €36 million.
Lepaya, an upskilling solution that focuses on increasing talent retention and productivity through an all-in-one capability platform, has raised €36 million. The investment round was led by Endeit, with participation from Educapital, Mars Growth Capital, Liquidity Capital, Target Global and Mediahuis Ventures.
Transaction Type: Investment
Investors: Endeit, Educapital, Mars Growth Capital, Liquidity Capital, Target Global, Mediahuis Ventures
Co-founders: René Janssen, Peter Kuperus
Headquarters: Netherlands
🎯 Corporate carbon accounting software Plan A raised $27 million.
Plan A, a green tech company that develops a carbon quantification platform to measure, monitor, and reduce environmental footprint, has raised $27 million in Series A funding round, led by Lightspeed Venture Partners. Demeter, Deutsche Bank, HV Capital, Illusian Family Office, Keen Venture Partners, Opera Tech Ventures and Visa also participated in the investment round.
Transaction Type: Investment
Investors: Lightspeed Venture Partners, Demeter, Deutsche Bank, HV Capital, Illusian Family Office, Keen Venture Partners, Opera Tech Ventures, Visa
Co-founders: Lubomila Jordanova, Nathan Bonnisseau
Headquarters: Germany
🎯 Salary advance platform Payflow raised €20 million.
Payflow, which allows employees to instantly access earned wages through a mobile app, has raised €20 millionin debt funding round from BBVA Spark.
Transaction Type: Investment
Investors: BBVA Spark
Co-founders: Benoit Menardo, Avinash Sukhwani
Headquarters: Spain
🎯 Autonomous electric trucking platform Fernride raised $19 million.
Fernride, which provides scalable automation solutions for yard trucking with a human-assisted technology, allowing remote-controlled operations, has raised $19 million in Series A funding round from Bayern Kapital, HHLA Next, Schenker Ventures and Munich Re Ventures.
Transaction Type: Investment
Investors: Bayern Kapital, HHLA Next, Schenker Ventures, Munich Re Ventures
Co-founders: Hendrik Kramer
Headquarters: Germany
🎯 Business productivity platform KYP.ai raised €17.5 million.
KYP.ai, which offerss SaaS solutions to companies, has raised €17.5 million in Series A funding round, led by OTB Ventures. 42CAP and Tola Capital also participated in the investment round.
Transaction Type: Investment
Investors: OTB Ventures, 42CAP, Tola Capital
Co-founders: Adam Bujak, Frank Scheuble, Mirosław Bartecki
Headquarters: Germany
🎯 Metal recycling software Metaloop raised €16 million.
Metaloop, a scrap trading company that helps businesses from the metal recycling industry to boost revenue without scaling, has raised €16 million in Series A funding round. The investment round was led by FirstMark Capital, with participation from Silence VC, Statkraft Ventures and FJ Labs.
Transaction Type: Investment
Investors: FirstMark Capital, Silence VC, Statkraft Ventures, FJ Labs
Co-founders: Alexander Schlick, Jan Pannenbäcker
Headquarters: Austria
🎯 DNA mapping platform Broken String Biosciences raised $15 million.
Broken String Biosciences, which develops a platform of novel sequencing tools to assess genome stability and to unlock the next generation, has raised $15 million in Series A funding round. The investment round was co-led by Illumina Ventures and Mérieux Equity Partners, with participation from HERAN Partners, Tencent and Dieter von Holtzbrinck Ventures.
Transaction Type: Investment
Investors: Illumina Ventures, Mérieux Equity Partners, HERAN Partners, Tencent, Dieter von Holtzbrinck Ventures
Co-founders: Patrick van Eijk
Headquarters: United Kingdom (UK)
🎯 SME insurance and cybersecurity platform Stoïk raised €10 million.
Stoïk, a developer of a cyber security platform that offers residual risk insurance, and ongoing monitoring, has raised €10 million. The investment round was led by Munich Re Ventures. Opera Tech Ventures, Andreessen Horowitz and Alven also participated in the investment round.
Transaction Type: Investment
Investors: Munich Re Ventures, Opera Tech Ventures, Andreessen Horowitz, Alven
Co-founders: Alexandre Andreini, Jules Veyrat, Nicolas Sayer
Headquarters: France
🛒 Casafari acquires Targomo.
Real estate network Casafari has acquired location intelligence company Targomo.
Transaction Type: Acquisition
Investors: Casafari
Co-founders: Henning Hollburg, Marc Hildebrandt
Headquarters: Germany
🛒 Unifai, acquired by Akeneo.
Product experience management solutions prodiver Akeneo has acquired AI-driven product categorisation platform Unifai.
Transaction Type: Acquisition
Investors: Akeneo
Co-founders: –
Headquarters: France
🛒 Visma acquires Quaderno.
Cloud software powerhouse Visma has acquired automatic tax compliance platform Quaderno.
Transaction Type: Acquisition
Investors: Visma
Co-founders: Carlos Hernández
Headquarters: Spain
Other News:
📌 VC firm Astanor Ventures, which focuses on entrepreneurs regenerating the food, blue ocean economy, and agriculture sector, has closed its second venture fund at €360 million.
📌 Private Equity firm Keensight Capital has raised €2.8 billion in oversubscribed funds, targeting investments in European tech and healthcare sectors.
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