Newnex's round-up of Startups funded this past week
5 September 2023
Jitty, a UK-based startup, announced a $2 million pre-seed investment round to build an AI-powered property search engine that will learn everything about the housing market and help people find their perfect home.The funding round was led by Gradient Ventures with participation from Sequoia, Atomico, True Global, Angel Invest, Tiny VC. Multiple high profile Angel Investors have also joined the round, including former Zoopla COO Doug Monro, founder of Attest Tony Hunter, Catherine and Jonathan Lenson, and the CEO and founder of Maze, Jonathan Widawski.
Lincolnshire, UK-based startup FruitCast, which offers yield forecasting services for soft-fruit growers, has announced the successful securing of £2.8M (approximately €3.26M) in a new round of funding. The funding has been sourced from private investors, including Ceres Agritech, and with support from Innovate UK’s investor partnership programme.
Basel-based startup Mysthera Therapeutics AG has launched with a formidable start, securing $3.5 million in seed funding from its founding investor, Forty51 Ventures. The company's development of unique pan-PIM kinase inhibitors, backed by robust funding, positions the company to pioneer transformative advancements in autoimmune therapy.
Delft-based Zepp.solutions, a company that specialises in hydrogen fuel cell technology, has secured a €1.98M grant from the European Just Transition Fund (JTF) to develop a “cutting-edge” fuel cell systems factory.
Rotterdam-based Valyuu, a circular platform for pre-owned electronics, announced that it has secured €2.4M in a fresh funding round led by Rubio Impact Ventures and Slingshot Ventures. Other participating investors include US-based Techstars, Golden Egg Check Capital, and several angel investors.
Branchspace, a company specializing in enhancing and transforming digital retailing capabilities for airlines, secures a £5 million investment from growth equity investor Gresham House Ventures.
Next Ocean, a deeptech company based in Delft, specializes in providing precise forecasts for sea waves and vessel motions, enabling businesses to effectively manage wave-related risks and optimize offshore operations. This innovation not only leads to cost savings but also significantly reduces CO2 emissions, underscoring its environmental advantages. Graduate Entrepreneur, has invested €75,000 in pre-seed rounds for the Dutch startup Next Ocean. Next Ocean intends to allocate these funds towards sales and marketing efforts, with the goal of raising awareness about its technology and positively impacting the maritime sector.
Hexwise, a company dedicated to revolutionizing industrial energy efficiency through cutting-edge technologies like the Internet of Things (IIoT), Big Data, Cloud Computing, and AI, is leading the way in optimizing Air-Cooled Heat Exchangers (ACHE) through data-driven insights. In a significant boost to their pre-seed rounds, Hexwise has secured €75,000 in investment from Graduate Entrepreneur. This financial support will play a pivotal role in Hexwise's efforts to validate the market, conduct customer segment analysis, expand its customer base, and refine the scalability of its solution.
Reykjavik-based SNERPA Power, a company that aims to speed up the energy transition, has secured €2.2M in a fresh round of funding to boost decarbonisation of the energy sector. The investment was co-led by Iceland-based Crowberry Capital and Sweden’s BackingMinds.
Berlin-based startup Ivy, has developed an API to establish a global "network of networks" for open banking payments, and has secured $20 million in a Series A funding round, with Valar Ventures, a prominent fintech investor, taking the lead. Remarkably, this round comes just five weeks after Ivy publicly announced a $7.7 million seed round led by Creandum, with participation from a group of notable individual investors, including fintech founders and executives.
Mimetrik, a dental technology company, has successfully secured £2 million in seed funding with Northern Gritstone as a participant. The company has pioneered 3D-scanning technology that leverages machine learning to produce fully digitized images of a patient's dentition and facial structure, marking a significant technological advancement in the field.
Ellie.ai, a trailblazer in product design and collaboration software tailored for data teams, has proudly announced the successful closure of a €2.5 million seed funding round. This funding round is jointly led by Newion and Crowberry Capital, enabling Ellie to embark on the development of novel workflows aimed at enhancing customer experiences.
UrbanVolt, an Ireland-based Solar-as-a-Service provider, has secured £22.3 million (€26M) in funding from Verdane, a European growth investor. This partnership will facilitate the company's expansion in Ireland and the UK while also enabling its entry into fresh European markets.
Helsinki-based ReOrbit, a prominent provider of software-enabled satellites, has successfully concluded an oversubscribed Seed funding round, raising an impressive $7.4 million. Established in 2019, ReOrbit specializes in delivering autonomous and interconnected satellites, optimized for the efficient and dependable transmission of customer space-related data. This funding initiative is spearheaded by Inventure VC and boasts participation from 10x Founders, the existing investor Icebreaker.vc, Expansion, and Yes VC.
OneID, the exclusive provider of bank-verified digital identification services in the UK, has secured £1 million in new funding from ACF Investors. Established in 2020, OneID's mission is to facilitate secure and seamless digital experiences for a broader spectrum of UK citizens by enabling banks to offer robust ID services to their customers.
Yummygums, headquartered in Amsterdam, and focused on making health engagement enjoyable through its vitamin gummies, has declared a successful €1.46 million funding round from a sharefunding campaign.
Cikisi, headquartered in Belgium, has successfully secured €2.7 million in a pre-Series A funding round for its market intelligence tool. Angelwise, a Belgian ICT & SaaS early-stage investment fund, led the pre-series A round. Brussels’ regional investment company finance&invest.brussels and a new renowned Business Angel with a relevant SaaS track record participated in the round along with the founders, and existing Business Angels and investment funds, Investsud and Sambrinvest.
Oxford Ionics, a UK-based startup dedicated to addressing critical scalability challenges in the realm of quantum computing, disclosed on August 30th that it has secured £2 million (approximately €2.32 million) in funding from the UK's National Security Strategic Investment Fund (NSSIF).
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