This week, more than 95 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between September 3 – 9:
Investments:
3 United Kingdom (UK), 2 Sweden, 1 Ireland, 1 The Netherlands, 1 Germany, 1 Switzerland, 1 Norway
Secondary Transactions:
1 Ireland, 1 United Kingdom (UK)
Sectors Received Investments:
1 GreenTech
1 E-Commerce / Finance
1 E-Commerce / Pet
1 Energy
1 Enterprise Software
1 Automotive
1 Renewable Energy
1 Software
1 Financial Services
1 Artificial Intelligence / Software
News of the Week
🎯 Green steel producer H2 Green Steel raised €1.5 billion.
H2 Green Steel, a green steel producer that involves the use of less carbon dioxide emissions compared to traditional steelmaking, has raised €1.5 billion in equity funding. The investment co-led by Hy24, Altor, GIC and Just Climate, with participation from Andra AP - fonden, Temasek, AMF, Cristina Stenbeck, Hitachi Energy, IMAS Foundation, Kinnevik, Schaeffler, Vargas and Wallenberg Investments holding company FAM.
Transaction Type: Investment
Investors: Hy24, Altor, GIC, Just Climate
Co-founders: –
Country: Sweden
🎯 E-commerce revenue based financing company Wayflyer raised $1 billion.
Wayflyer, which provides financing to e-commerce startups in exchange for a portion of their future revenue, has raised $1 billion from investment management firm Neuberger Berman.
Transaction Type: Investment
Investors: Neuberger Berman
Co-founders: Aidan Corbett, Jack Pierse
Country: Ireland
🎯 Direct-to-consumer dog food brand Butternut Box raised £280 million.
Butternut Box, a pet food company that offers fresh food and customized meals for dogs, has raised £280 million in funding round, led by General Atlantic. L Catterton also participated in the investment round.
Transaction Type: Investment
Investors: General Atlantic, L Catterton
Co-founders: David Nolan, Kevin Glynn
Country: United Kingdom (UK)
🎯 Sustainable energy company EIT InnoEnergy raised €140 million.
Sustainable energy backer EIT InnoEnergy, has raised €140 million from ING Ventures, Koolen Industries, NIIT, Renault Group, Santander CIB, Schneider Electric, Siemens Financial Services, Societe Generale, Stena Recycling and Volkswagen Group.
Transaction Type: Investment
Investors: ING Ventures, Koolen Industries, NIIT, Renault Group, Santander CIB, Schneider Electric, Siemens Financial Services, Societe Generale, Stena Recycling, Volkswagen Group
Co-founders: Diego Pavía, Elena Bou
Country: The Netherlands
🎯 E-commerce software provider Shop Circle raised $120 million.
Shop Circle, which offers AI-driven e-commerce tools and consultation programs to boost sales and enhance customer experiencei has raised $120 million in Series A funding round, a combination of equity and debt funding. The investment round was led by 645 Ventures and 3VC, with participation from QED Investors, Nfx and i80 Group.
Transaction Type: Investment
Investors: 645 Ventures, 3VC, QED Investors, Nfx, i80 Group
Co-founders: Gian Maria Gramondi, Luca Cartechin
Country: United Kingdom (UK)
🎯 Automotive holographic technology company Envisics raised $100 million.
Envisics, a holographic technologies company focused on augmented reality head-up displays and automotive sensor systems, has raised $100 million in Series C funding round. The investment round was joined by M&G Investments and Van Tuyl Companies.
Transaction Type: Investment
Investors: M&G Investments, Van Tuyl Companies
Co-founders: Jamieson Christmas
Country: United Kingdom (UK)
🎯 Switchgear company Nuventura raised €25 million.
Nuventura, which provides SF6-free switchgear technologies, has raised €25 million in Series A funding round, led by Mirova. ADB Ventures, Cycle Group, DOEN Participaties, EIC Accelerator, FORWARD.one, Future Energy Ventures and IBB Ventures also participated in the investment round.
Transaction Type: Investment
Investors: Mirova, ADB Ventures, Cycle Group, DOEN Participaties, EIC Accelerator, FORWARD.one, Future Energy Ventures, IBB Ventures
Co-founders: Fabian Lemke, Manjunath Ramesh, Nikolaus Thomale
Country: Germany
🎯 Workplace management app deskbird raised $13 million.
Workplace management app deskbird, has raised $13 million in Series A funding round from ALSTIN Capital and AXA Venture Partners.
Transaction Type: Investment
Investors: ALSTIN Capital, AXA Venture Partners
Co-founders: Ivan Cossu, Jonas Hess
Country: Switzerland
🎯 Payment solution Treyd raised $12 million.
Treyd, which offers supplier payment solutions, has raised $12 million in Series A funding round, led by Nineyards Equity. Antler, J12 Ventures and Zenith Venture Capital also participated in the investment round.
Transaction Type: Investment
Investors: Nineyards Equity, Antler, J12 Ventures, Zenith Venture Capital
Co-founders: Peter Beckman, Sameh EL Ansary
Country: Sweden
🎯 Anti-money laundering software Strise raised $10.8 million.
AML software company Strise, has raised $10.8 million in Series A funding round. The investment round was led by Atomico, with paritipation from Allison Pickens, Camilla Giesecke, Curiosity VC, Francois Callens, Maki.vc, Marcus Krylborn, Phillip Chambers, Riya Grover and Sondo Capital.
Transaction Type: Investment
Investors: Atomico, Allison Pickens, Camilla Giesecke, Curiosity VC, Francois Callens, Maki.vc, Marcus Krylborn, Phillip Chambers, Riya Grover, Sondo Capital
Co-founders: Marit Rødevand, Patrick Skjennum, Sigve Søråsen
Country: Norway
🛒 Mail Metrics acquires Dafil.
IT solutions provider Mail Metrics has acquired print and billing communications provider Dafil.
Transaction Type: Acquisiton
Investors: Mail Metrics
Co-founders: –
Country: Ireland
🛒 Commify, acquired by ECI Partners.
Private equity firm ECI Partners has acquired business messaging brands portfolio Commify.
Transaction Type: Acquisition
Investors: ECI Partners
Co-founders: Tom Boucher
Country: United Kingdom (UK)
Other News:
📌 Denmark-based VC firm Unconventional Ventures, has launched a new €30 million fund to investing in early-stage startups led by underrepresented founders in Europe.
📌 London-based VC firm Air Street Capital has announced its $121 million Fund II to back AI-first early-stage start-ups.
📌 European climate tech VC firm World Fund has raised a further €50+ million from institutional LPs to support climate tech investment.
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