European Startups Funded recently - Newnex Weekly

European Startups funded recently

11 October 2023

London-based startup Unitary has secured $15 million in a Series A funding round. The company specializes in visual content moderation, employing contextual AI to automate the moderation process and ensure that inappropriate content, such as NSFW material, is effectively filtered out. Creandum from Stockholm led the Series A round, with participation from Paladin Group Capital and Plural.

French startup Pivot  has secured €5 million in Pre-Seed funding for its modern P2P tool designed to assist in managing expenses effectively and improving team collaboration. The funding comes from a mix of venture capital firms, including Visionaries, Emblem, Cocoa, Anamcara, and Financière Saint James, along with contributions from accomplished entrepreneurs and investors like Loic Soubeyrand (founder of Swile), Steve Anavi (co-founder of Qonto), Hanno Renner (co-founder of Personio), and Oliver Samwer (co-founder of Rocket Internet).

MeetingPackage, an all-in-one sales automation software specializing in venue and group bookings, has successfully raised $4.6 million in a Series A funding round, with Scale Capital leading the investment.

Orquesta, claiming to be the first European all-in-one LLM Operations and Integration platform, has secured €800,000 in pre-seed funding, exceeding the company’s initial target. The round was spearheaded by Curiosity VC, with Spacetime, the investment office of Adriaan Mol, serving as co-lead, with further participation including Golden Egg Check Capital, Magnetic Fund, and other investors such as Koen Köppen (Mollie), Milan Daniels and Max Klijnstra (Otrium), and Arjé Cahn (Bloomreach).

Copenhagen-based startup Marts, which describes itself as an OS (Operating System) for IT management, has successfully raised €1.75 million in a Pre-Seed funding round. This funding round was led by Denmark's PreSeed Ventures and included investments from several notable angel investors, including Peakon CEO Phil Chambers, Normative chairman Kasper Hulthin, Klarna COO Camilla Giesecke, and the Export and Investment Fund of Denmark (EIFO). The funds will be used to further develop the company's offerings.

The online store-building platform Shopblocks has secured over £1.5 million in funding to strengthen its position as a leader in the business-to-business ecommerce market. This funding was raised from various sources, including NPIF – Mercia Equity Finance, managed by Mercia and part of the Northern Powerhouse Investment Fund, as well as Mercia's EIS funds and an existing investor, the Greater Manchester Combined Authority (GMCA).

French foodtech company Umiami is significantly expanding its texturizing technology for plant-based foods in Europe and is entering the U.S. market, thanks to a recent top-up to its Series A funding round. Umiami has secured an additional €32.5 million in funding, bringing the total Series A round to €59 million and the total funds raised by the company to over €100 million. This financing round was led by SPI fund and French Tech Seed (both managed by Bpifrance for the French government) and included contributions from Astanor Ventures, Redalpine, Newfund, and VERSO Capital. With this capital infusion,

Paris-based energy startup Granular Energy has secured €7.5 million in a funding round led by Norrsken VC. Other notable participants in the round include All Iron Ventures, Box Group, Valo Ventures, and existing investors Seedcamp, Revent, and Powerhouse Ventures.

Automata, a London-based company specializing in robotic automation solutions for the life sciences industry, has secured $40 million in funding. The funding round was spearheaded by Dimension, with contributions from A.P. Moller Holding, the parent company of A.P. Moller Group, which includes businesses like Unilabs. Previous investors such as Octopus Ventures (known for backing Flock and Kita), Hummingbird, Isomer Capital, Possible Ventures, and Aldea Ventures also joined in the investment.

Stockholm-based fintech company Brite Payments, specializing in instant bank payments, has revealed a successful funding round, securing $60 million in investment. This announcement suggests that Brite has caught the attention of lead investor Dawn Capital, along with participating investors Headline and existing backer Incore, who evidently recognize the unique potential of this fintech company.

Greek startup Langaware, focusing on cognitive and mental health diagnostics, has successfully raised €2 million in a Seed funding round. This funding will be allocated towards advancing its technology and expanding its product teams as it extends its footprint in the US market. Leading the Seed round is Eleven Ventures, with participation from Metavallon VC.

Copenhagen-based startup Responsibly, which leverages AI to assist companies in assessing and improving the sustainability of their suppliers, has disclosed a successful Seed funding round, raising $2.4 million. Leading this Seed round are London-based investors Hambro Perks and Pi Labs.

MedTech startup Hippo Dx, based in Belgium, has announced the successful raising of €4.4 million in a recent funding round aimed at international expansion. The funding round saw participation from both existing and new investors, with notable contributors including LRM and the American Allerfund Ventures. Hippo Dx has developed an allergy testing device known for its superior speed, cost-effectiveness, and accuracy.

Netherlands-based company Microsure specializing in robot-assisted microsurgery, has successfully concluded its Series B2 funding round, securing €38 million in development capital. Amsterdam-based Invest-NL played a key role by contributing €5 million to this round, which included converting a previous loan. Existing investors, such as Innovation Industries, BOM Ventures, private investors from Ten Cate Investerings Maatschappij (TCIM), Venturing Tech, Eindhoven University of Technology (TU/e), and Microsure's founders, also provided support during this funding round.

Barcelona-based open-source startup Genie has secured $1.2 million in a Pre-Seed funding round. Genie is known for being the creator of the leading web framework for the rapidly growing Julia programming language, which is known for its high-performance computing capabilities. In addition to its web framework, Genie provides open-source full-code and low-code web development libraries and offers a no-code app development tool called Genie Builder. The funding round was spearheaded by Speedinvest, with the participation of Expa Ventures, Antler, APX/Heartfelt, and Shine Capital.

Coliving specialist Habyt has announced a successful €40 million Series C funding round, bringing its total funding to €80 million. Habyt operates a digital platform that offers flexible co-living, apartment rentals, and hotel accommodations. This latest funding round is led by new investors Korelya Capital and Deutsche Invest, with participation from additional new investors Exor Ventures and Endeavor Catalyst, as well as continued support from existing shareholders including P101, ITALIA500-Azimut, HV Capital, Vorwerk Ventures, Norwest, Kinnevik, Burda Principal Investments, and Inveready.

Helio, a company dedicated to transforming cloud computing to address environmental and efficiency challenges, has successfully raised a total of €4.9 million through a combination of equity and debt funding. The equity round was led by QBIT Capital and included participation from investors such as Rockstart, Uebermorgen Ventures, seed+speed, Combination VC, ROI Ventures, Swisspreneur, and Cloud Angel Investors. The debt financing was provided by Zürcher Kantonalbank (ZBK) and secured using the Swiss Technology Fund instrument. With this funding, Helio aims to accelerate its market expansion, particularly in areas like 3D rendering and AI, to meet the growing demand for sustainable, efficient, and cost-effective cloud computing solutions.

The Netherlands-based Talent Acceleration Platform(TAP) has disclosed that it raised €951K in a funding round primarily led by Wamda Capital. The funds will be used to expand TAP's career acceleration programs in Palestine and similar underserved communities. Additional investors in this round include the World Bank, Loyal VC, and several angel investors.

French cybersecurity company Nano Corp has successfully raised $4.2 million in a Seed funding round. The funding round was spearheaded by G+D Ventures and saw participation from existing investor Elaia Partners, as well as contributions from Cyber K1 and Inovia Capital Precede Fund I. Nano Corp specializes in providing software-based network detection and response (NDR) solutions, offering customers comprehensive visibility into their networks. This allows for quick identification of vulnerabilities and misconfigurations, even in hybrid configurations.

French energy transition startup Inicio has secured €1.5 million in Seed funding. Established in 2022, the company has created an algorithm designed to identify the optimal land for solar panel installation, acquire or lease the land, evaluate project-related risks, and make it accessible to solar power developers. To further its European ambitions, Inicio has raised €1.5 million in funding from investment funds ISAI, Kima Ventures, and Business Angels.

Finnish AI governance startup Saidot is assisting enterprises and governments in harnessing the benefits of AI safely through its platform. Serving clients such as the Scottish Government and Deloitte, the startup provides tools for evaluating and implementing safety systems for generative AI systems. Saidot has recently secured €1.75 million in a Seed funding round, with Crowberry Capital and Finnish investment firm Ventic leading the way. The round also includes €250,000 in program funding from Business Finland’s Young Innovative Companies funding program. This fresh funding will support Saidot in expanding its SaaS offering sales in Europe and launching new tools on the platform.

French SaaS company scnd , which specializes in solutions for services marketplaces, has successfully raised €4 million in a funding round. This funding round received backing from investors 42Cap and Partech.

Purpose Green, a Berlin-based climate technology company, has revealed that it secured €3.3 million in a funding round. This round was spearheaded by Speedinvest and Atlantic Labs. The company plans to utilize these funds to enhance its team by recruiting experts in the fields of ESG, climate, and building domains.

Azumuta, based in Ghent, is addressing manufacturing shop floor challenges arising from inadequate process management by providing a software solution. This system aids employees at various production levels and offers management a clearer view of shop floor performance, streamlining tasks such as work instructions, training, and audits. The company has secured €2.8 million in funding from Flemish investment firm PMV, Angelwise, and four private investors, which will be used to support international expansion and further product development.

Polish digital credential infrastructure SaaS startup, Certifier, has raised over $700,000 in a Seed funding round. Investors in the round include Movens Capital, FundingBox Deep Tech Fund, DEPO Ventures, and Black Pearls VC. 

Germany-based medical startup Inovedis, specializing in innovative solutions to streamline patient care and simplify surgical interventions, has successfully closed a Series A funding round, securing €3.78 million. This funding round saw participation from Inovedis' initial seed round investors, including High-Tech Gründerfonds, MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg, Volksbank Albstadt ChancenKapital, Start-UP BW Innovation Fonds, and angel investors, along with an initial investment from Renolit SE, the current manufacturer of the SINEFIX implant

French battery recycling startup Mecaware has secured €40 million in a Series A funding round, comprising equity, debt, and state subsidies. This funding will facilitate the expansion of Mecaware's technology and the launch of a pre-industrial pilot in partnership with Verkor, a well-funded gigafactory in Europe. The round was led by French VC Crédit Mutuel Innovation and included participation from SPI2, EIT InnoEnergy, UI Investissement, Kreaxi, BNP Paribas Création, and others.

London-based startup autone, focused on data-driven inventory optimization to drive business growth, has successfully raised $4.5 million in its seed funding round. Notable investors in this round include Speedinvest, Seedcamp, Y Combinator, along with new contributors Motier Ventures, Financière Saint James, Kima Ventures, Purple, Better Angle, and 2100 Ventures.

Blue biotech firm FlexSea, headquartered in London, has successfully secured £2 million in equity funding in a Seed round, primarily led by Indico Capital Partners, along with participation from RedRice Ventures, Btomorrow Ventures, Food Foundry, Vala Capital, ICON Capital, and Pente Capital. In addition to this equity investment, FlexSea has also received £1.3 million in grants from Innovate UK and other institutions, totalling over £3 million in funding raised to date.

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