Newnex Venture Insights: Trends, Fundings & Investments

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Team S

Posted on 16 May 2024. London, UK.

Newnex Venture Insights' roundup of venture capital trends delving into the latest disruptive technologies, investments, and thought-provoking discussions shaping the entrepreneurial landscape.

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Europe's $2.98 billion startup funding

Glaut: An Italian startup scaling qualitative research secured $1.4million funding. Investors included Italian Founders Fund, Brainstorm Ventures, Alecla7, Ithaca, BHeroes, Club degli Investitori, Eden Ventures, Delirus Capital, David Clarke, and Pietro Cesati.

Carbonfact: A French startup specializing in carbon footprint measurement tools secured $15 million in funding for further development. Investors included Alven, Headline, and Y Combinator.

CroBio: An agtech startup based in Cheshire, aiming to revolutionize agriculture through advanced microbial solutions. Investors in its seed round included The Grantham Foundation for the Protection of the Environment, SOSV, Ponderosa Ventures, and Catapult Ventures Group.

Vivalyx: A biotech company focused on developing a preservation liquid for organ viability in transplantation raised €5.4 million in seed funding. Investors included Luc Starmans, Bernhard Kugel, Arve Capital, Ashok Rao, and numerous distinguished angel investors.

Nusku: A climate technology company headquartered in Bristol secured £1 million in funding for its sustainability efforts, backed by the UK government.

Urban Jungle: An insurtech startup raised £11.2 million to revolutionize insurance services with its innovative solutions. Investors included Intact Ventures, Ingka Investments, Mundi Ventures, Eka Ventures, Sony Innovation Fund, and Rob Devey.

Birdwingo: A fintech firm based in Prague secured €1.2 million in funding for its financial services platform. Investors included Bienville Capital, company founders, and bank executives.

Tuza: A payment processing startup for SMBs, formerly known as Statement, raised £4 million in seed funding. Investors included Connect Ventures, Northzone, Triple Point, and Entrepreneur First.

SumUp: A London-based fintech company secured €1.5 billion for its payment solutions from private credit lenders. Investors included Goldman Sachs, AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG, Fortress Investment Group, SilverRock Financial Services, Vista Credit Partners, BlackRock, Crestline Investors, Liquidity Capital, Oaktree Capital Management, Sentinel Dome, and Temasek.

Made With Intent: A Manchester-based company enhancing e-commerce experiences secured £1.5 million for its personalized shopping platform, with investors including Mercuri, Portfolio Ventures, and Haatch.

Ikerian AG: A Swiss developer of healthcare workflow solutions raised $6.18 million in Series A extension funding. Investors included Topcon Healthcare, Inc., Zürcher Kantonalbank, btov Industrial Technologies, Verve Ventures, and private investors.

VoltR: A French startup specializing in the second life of lithium batteries secured €4 million in funding from investors including C4 Ventures, Exergon, Pays de la Loire Participations, Anjou Amorçage, and the Chamber of Commerce and Industry.

Wayve: A UK-based startup pioneering self-learning approaches for autonomous driving secured $1.05 billion in Series C funding. Investors included SoftBank Group, Nvidia, Microsoft, and Yann LeCun.

Stonal: A real estate data management platform secured a strategic investment of up to €100 million from Aareon.

CoreWeave: A cloud infrastructure firm for AI secured $1.1 billion in Series C funding from investors including Coatue, Magnetar, Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management.

Futura: An AI education company based in Milan raised €14 million in Series A funding for its educational platform, with investors including Eurazeo, United Ventures, and Axon Partners Group.

SLAM Orthopedic: A Dutch startup focused on advanced sensor systems for surgical applications raised €2 million in seed funding from investors including Rising Star Venture Partners, individual investors, and Zeeuws Participatiefonds.

everyone energy: A Berlin-based greentech startup secured a seven-figure seed financing round for undisclosed purposes, with investment from High-Tech Gründerfonds and neoteq ventures.

Eleos: An insurtech startup secured €3.75 million in a Seed round for its insurance management solutions, with investment from Fuel Ventures and Indico Capital.

Insempra: A German biotech firm secured $20 million in Series A financing for its innovative solutions, with investment from EQT Ventures, BlueYard Capital, Possible Ventures, Henkel dx Ventures, Bayern Kapital, and Alante Capital.

Cetasol: A Swedish company specializing in maritime sustainability secured €2 million in seed funding from investors including Sarsia, ShipsFocus, and Impact X Capital.

Phished: A cybersecurity startup headquartered in Belgium received an additional €7.5 million via a convertible bond from Flemish investment fund Welvaartsfonds.

mimic: A Swiss startup challenging US firms in robotics secured a pre-seed round of €2.3 million from investors including Founderful,,, and specialized angel investors.

Kubos Semiconductor: A UK-based semiconductor firm secured $2 million in funding for its semiconductor solutions from investors including Martin Lamb, Drew Nelson, Geoff Haynes, Development Bank of Wales, FOV Ventures, and S4C Digital Media Limited.

Magic Lane: A mapping and location platform secured €3 million for navigation purposes from investor No Such Ventures.

2i: An Edinburgh-based company specializing in testing and quality assurance secured eight-figure funding from Rockpool Investments.

Sesame: A Valencia-based startup secured €23 million in fresh funding for its human resources management solutions, with investment from GP Bullhound funds and PSG.

Nivoda: A London-based online jewelry marketplace secured $30 million in its Series B funding round from investors including Avenir Growth Capital, Headline, Abstract Ventures, and Canaan Ventures.

India's $449 million startup funding

Niqo Robotics: Agritech robotics firm Niqo Robotics, previously known as TartanSense, has raised $9 million in a new funding round. Brida Innovation Ventures led the round, with existing investor Omnivore Partners also participating in the funding.

Charge Zone: The electric vehicle (EV) charging network Charge Zone has secured a $19 million commitment from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor.

DaMENSCH: D2C men’s lifestyle brand DaMENSCH has secured $2.5 million in its extended Series B round from existing investors. Notably, Matrix Partners, Saama Capital, Whiteboard Capital, and A91 Emerging Fund continued their participation in the round.

TalkEsport: Mumbai-based esports media platform TalkEsport has recently concluded its pre-Series A funding round, securing $1 million from Saswat Ventures.

Dexif: fintech startup, has recently secured $4 million in seed funding, with RTP Global leading the investment round.

GO DESi: a startup in the packaged foods sector headquartered in Bengaluru, revealed that it secured $4.9 million in equity investment from Aavishkaar Capital.

Poshn: a full-stack foodtech supply chain startup, has announced raising $4 million in equity and $2 million in debt in its pre-Series A funding round. The investment was led by existing investors Prime Venture Partners and Zephyr Peacock India.

Knit: SaaS (Software-as-a-Service) startup Knit has announced securing funding of USD 1 million from Endiya Partners, Axilor Ventures, and angel investors. Other investors include JITO Incubation and Innovation Foundation (JIIF), We Founder Circle, Prataap Snacks, Apricot Foods, Workie, and IVY League Ventures.

Superplum: Agritech startup Superplum has successfully raised $15 million in its Series A financing round, led by Erik Ragatz, former partner and current senior advisor of private equity firm Hellman & Friedman. Ragatz joins a group of Superplum’s current investors, including Mark Siegel, Dan Rose, Steve Jurvetson, Rick Kimball, Binny Bansal, and Kabir Misra.

BharatRohan: a startup specializing in drone-based hyperspectral remote sensing, has secured $2.3 million in funding from investors including Villgro Innovation Foundation, Caspian, RevX, Venture Garage, and other ultra-high-net-worth individuals.

Parseable: a cloud-native log analytics platform, has successfully raised $2.75 million in a seed funding round. The round was led by Surge, the venture capital firm Peak XV's scale-up program for early-stage startups, with participation from Amsterdam-based venture capital fund NP-Hard Ventures.

Atlan: Data and AI governance company Atlan has secured $105 million in its Series C funding round. The round was led by GIC, Singapore’s sovereign wealth fund, and Meritech Capital. Additionally, existing investors Salesforce Ventures and Peak XV Partners participated in the round.

Treacle: a cybersecurity startup, has secured ₹4 crore in a pre-seed round led by Inflection Point Ventures. The company plans to utilize the funds for enhancing technical and business developments, marketing and office expenses, partnerships, and expansion in the Indian market.

Meesho: Social commerce platform Meesho has raised $275 million in funding as part of an ongoing round. The investment comes from existing investors such as SoftBank, Prosus, Elevation Capital, and Peak XV Partners.

Plotline: headquartered in San Francisco and Bengaluru, is instrumental in facilitating consumer app companies to swiftly and seamlessly customize their applications. Recently, the company secured $2.6 million in funding from Elevation Capital.


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