European Startups Funded recently - Newnex Weekly

European Startups funded recently

27 October 2023

Lanes & Planes, a prominent Germany-based company offering software-as-a-service (SaaS) solutions for corporate travel in Europe, has revealed that it secured €33 million in a Series B funding round. The round was spearheaded by U.S.-based Smash Capital, and saw the continued participation of existing investors including Battery Ventures, coparion, DN Capital, and AllIron.

Ampacimon, a company based in Belgium that offers grid monitoring solutions for optimizing Transmission & Distribution assets, revealed on Monday that it successfully raised €10 million in a Series C funding round. This round saw participation from a new investor, Junction Growth Investors, while continuing support came from existing investors including Korys, Noshaq, Creos, and Gesval.

Webel, a Spanish startup aiming to bring a wide range of services, from beauty to music lessons, personal training to dog grooming, directly to people's homes through its marketplace, has successfully secured €2.1 million in a Seed funding round. Leading the round is Trind Ventures, with contributions from Zaka Ventures (making its first investment in Spain), Decelera Ventures, Tiburon Ventures, and angel investors like Hugo Arévalo and more. Currently, Webel is providing over 100,000 services annually in Madrid, Barcelona, and Zaragoza and plans to use this funding to expand its services marketplace further.

Gaming company Zeedz recently disclosed a $1 million Seed funding round alongside the global launch of its free-to-play (F2P) game, also named Zeedz, on Android and iOS app stores. The investment was spearheaded by the panel members of Germany's "Shark Tank" show, known as "Die Höhle der Löwen," featuring renowned entrepreneurs and investors like Carsten Maschmeyer, Tillman Schulz, and Dagmar Wöhrl.

iwoca , a small business lender based in London, has successfully obtained a fresh debt facility of £200 million through Barclays and Värde Partners. This development follows an extension of their existing funding arrangement earlier this year from neobank Bunq's sole external supporter, Pollen Street Capital, which increased the line of credit from £125 million to £170 million. With this additional funding, the SME lender's total debt financing now exceeds £850 million.

Klimate a company based in Copenhagen, has announced the successful raising of €3.5 million in a Seed funding round. The round was led by Eneco Ventures and Helen Ventures, with participation from existing investors, including Rockstart and the Export and Investment Fund of Denmark.

Creative Force, a Danish company specializing in an end-to-end creative operations workflow platform for e-commerce retailers and brands, has reported a successful $8.9 million Series A funding round. The funding was provided by the Export and Investment Fund of Denmark (EIFO) and Hearst Ventures, the global venture capital division of Hearst. With this latest investment, the company's total funding now stands at $17.9 million.

Homed-IQ, a medical technology (medtech) company, has revealed that it secured a €1 million investment from Healthy Capital along with private investors

Amsterdam's PULSE Sport, a platform for athlete performance monitoring and sports management, has announced the receipt of its first investment of €250,000 in a pre-seed funding round from SportInnovator. PULSE Sport plans to use this investment to further develop their pilot phases, improve their organizational infrastructure, enhance their lab facilities, and ensure a steady supply of essential materials.

Merqato, a data and market intelligence company based in Amsterdam, has disclosed that it secured a €350,000 convertible loan from Innovatiefonds Noord-Holland.

CheckHub, a prominent Software-as-a-Service (SaaS) provider based in Brussels, has unveiled the successful raising of €1 million in a recent funding round. The round was spearheaded by the existing shareholder Cofinpar, and it saw participation from the majority of existing shareholders as well as three new investors. CheckHub offers a cloud-based platform that automates manual tasks associated with creating files during the onboarding process for employees, customers, or users.

Apartool, a prominent B2B provider of corporate housing solutions, has officially completed a Series A funding round worth €5.5 million. This investment was spearheaded by Spanish fund Barlon Capital and European fund ROCH Ventures, and it also included participation from Telegraph Hill Capital (THCAP), Finaves (IESE), Iberis Capital, and other contributors. The funds raised in this round will be used to facilitate the scale-up's growth, as it has achieved a doubling of its turnover each year since 2019 and anticipates reaching €15 million in revenue by 2023.

Poppins, a healthtech company previously known as Mila, has revealed an €8 million financing round led by Eurazeo, with participation from Verve Ventures, Allianz France, and HEC Ventures. This funding round brings the company's total funding to €12.9 million. Founded in 2018 and originating from École Polytechnique, Poppins focuses on addressing neurodevelopmental disorders in children. They have launched a therapeutic program for families with children experiencing specific learning difficulties such as dyslexia, dysorthographia, and dyscalculia.

Fentech, a sales forecasting company, has reported raising €1.2 million in funding, with Elaia as the lead investor. Fentech specializes in an AI system named Clairvoyant, designed for sales forecasting. This technology empowers retail companies to adjust to volatile economic conditions and increasing inflation rates.

NOLD, a UK-based fashion resale peer-to-peer startup, has announced the successful raising of €1 million in Seed funding. Tilia Impact Ventures led the funding round, with support from a consortium of venture capital and strategic investors, which includes Depo Ventures, Czech Founders, Sofia Angels Ventures, New Vision 3, and four angel investors. NOLD is dedicated to promoting a fashion circular economy by assisting sustainable, premium luxury brands in creating additional revenue streams through the monetization of the second-hand market.

Cloover, a climate fintech startup with Swedish and Swiss roots, has disclosed that it successfully raised €7 million in a pre-seed funding round. The funding was spearheaded by 9900 Capital, a group with former investors from the Gates Foundation and Hedosophia, and included participation from QED, Broadhaven Ventures, Index Ventures' Scout Fund, Centrotec, as well as notable climate and fintech angel investors. Cloover offers a platform that enables vendors of renewable energy technologies to provide their services through a subscription model.

Aindo, a generative AI startup headquartered in Italy, has confirmed the successful closure of a €6 million Series A funding round. United Ventures led the round, and it also saw participation from existing investor Vertis SGR through the Vertis Venture 3 Technology Transfer. Aindo's primary mission is to enhance the value and privacy of AI. The company aspires to take a leadership position in synthetic data and transform data mobility, emphasizing secure and privacy-focused information sharing. This funding will support Aindo in growing its team and creating AI solutions for the healthcare, finance, and public administration sectors.

Skoon Energy , a software platform powered by AI for clean mobile energy, has secured €5 million in Series A funding. The round was led by North American VC Blue Bear Capital and included participation from the Graduate Entrepreneur Fund. This Series A funding builds on previous investments from notable backers such as Kees Koolen, an early investor and CEO of Booking.com, former COO of Uber; Damen Shipyards, one of the Netherlands' oldest family-run maritime services companies; and Rabobank, a prominent banking institution in the Netherlands.

Inuru, a Berlin-based company, has reported securing $10 million in funding, highlighting the increasing confidence in the company's cost-effective OLED (Organic Light-Emitting Diode) technology. The funding was provided by Aper Ventures, Adamed Technology (the venture capital division of Polish pharmaceutical company Adamed Pharma), ARIA, and a consortium of business angels.

HealthCaters, a pioneering German startup focused on transforming healthcare with disease prevention tools, has revealed a successful €1.2 million seed funding round. The round was led by Barmenia Next Strategies and included participation from Venpace, DvH Ventures, and angel investor Philipp Götting.

Bikmo, a specialized bike insurer in the UK, has secured £3.4 million in a Series A extension round aimed at fueling their expansion across Europe. The funding is spearheaded by Puma Private Equity, with Kelvin Reader, Investment Director, expressing their enthusiasm for the investment.

Delft-based fabless semiconductor company, Qualinx, has announced that it secured $10.2 million in a Series A extension round of funding, bringing the total funding for their Series A round to $20 million. This investment was provided by existing investors FORWARD.one, InnovationQuarter Capital, and Waterman Ventures, and also includes an Innovation Credit facility from the Netherlands Enterprise Agency, RVO.

Amsterdam-based Overstory, a worldwide vegetation intelligence platform, has confirmed the successful raising of $14 million in a Series A funding round. The round was led by B Capital and saw participation from notable investors such as The Nature Conservancy, Convective Capital, Semapa Next, Bentley iTwin Ventures, Pale Blue Dot, CapitalT, Moxxie Ventures, and Overwater Ventures.

Mediatool, a media management platform based in Stockholm, has revealed that it secured €7 million in a recent funding round. This round included two new investors, Fairpoint Capital, a B2B technology Venture Capital investor, and eEquity, a growth investor, joining the existing backers Newion, J12, Almi Invest, and Twig who have previously invested in the company.

Ankra, a cloud infrastructure automation platform headquartered in Stockholm, has reported raising €1.1 million in a pre-seed funding round. The round was led by UK-based B2B investor Superseed and included participation from prominent angel investors in the industry.

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