Weekly Startup Ecosystem Overview in Europe / 12 - 17 March

Last week, 20 startups in the European entrepreneurship ecosystem received investment. The headquarters of the startups that received investment were distributed as United Kingdom, France, Germany, Ireland, Denmark, Switzerland, Netherlands, Austria and Sweden. 3 startup purchase has been also made.

Investments:

9 United Kingdom (UK), 4 Germany, 1 France, 1 Netherlands, 1 Switzerland, 1 Ireland, 1 Denmark, 1 Sweden, 1 Austria

Acquisitions:

2 France, 1 Greece

Sectors Received Investments:

4 Artificial Intelligence

4 Software

4 Healthtech

1 Greentech

1 Fintech

1 E-commerce

1 Construction Tech

1 Data

1 HR Tech

1 Telecommunication

1 Climate Tech

News of the Week

🎯 AI-based technology startup Intrinsic Semiconductor Technologies raised funding.

Intrinsic Semiconductor Technologies, a startup that develops silicon-oxide based RRAM technologies, has raised €7.9 million. The investment round was led by Octopus Ventures, with participation of existing investors IP Group, UCL Technology Fund and InnovateUK.

Transaction Type: Investment

Investment Amount: €7.900.000

Investors: Octopus Ventures, IP Group, UCL Technology Fund, InnovateUK

Co-founders: Anthony Kenyon

Country: United Kingdom (UK)

🎯 Industrial automation solution Verity raised funding.

Verity, an autonomous drone technology that automates inventory checks in large warehouses and DCs, for a zero-error warehouse, received an investment of $32 million in Series B funding round. The investment round was led by A.P. Moller Holding and Exor Ventures, with participation from undisclosed existing and new investors.

Transaction Type: Investment

Investment Amount: $32.000.000

Investors: A.P. Moller, Exor Ventures, other investors

Co-founders: Markus Hehn, Markus Waibel, Raffaello D'Andrea.

Country: Switzerland

🎯 Machine learning operations platform Seldon raised funding.

Seldon, a data-centric machine learning platform for the deployment, management, monitoring, and explainability of ML models, received an investment of $20 million in Series B funding round led by Bright Pixel. AlbionVC, Cambridge Innovation Capital and Amadeus Capital Partners also participated in the investment round.

Transaction Type: Investment

Investment Amount: $20.000.000

Investors: Bright Pixel, AlbionVC, Cambridge Innovation Capital, Amadeus Capital Partners

Co-founders: Alex Housley

Country: United Kingdom (UK)

🎯 AI software developer Finmatics raised funding.

Finmatics, an ai-based software to digitize and automate accounting processes, received an investment of €6 million in Series A funding round led by Mangrove Capital Partners. eQventure also participated in the investment round.

Transaction Type: Investment

Investment Amount: €6.000.000

Investors: Mangrove Capital Partners, eQventure

Co-founders: Christoph Prieler, Patrick Sagmeister, Ulrich Tröller

Country: Austria

🎯 Product ecosystem Connectd raised funding.

Connectd, a platform that offers startups to make and manage connections with founders, investors and advisors, received an investment of $2.6 million in Seed funding round from LiFE Ventures, Blue Lake, Mail Venture Partners, Arch Law and Syndicate Room.

Transaction Type: Investment

Investment Amount: $2.600.000

Investors: LiFE Ventures, Blue Lake, Mail Venture Partners, Arch Law, Syndicate Room

Co-founders: Roei Samuel, Sam Luckett

Country: United Kingdom (UK)

🎯 Legal technology company Legislate raised funding.

Legislate, which provides patented knowledge graph technology, has raised $3.6 million. The investment round was led by Parkwalk Advisors, with participation from Oxford Capital and angel investors.

Transaction Type: Investment

Investment Amount: $3.600.000

Investors: Parkwalk Advisors, Oxford Capital, angel investors

Co-founders: Charles Brecque

Country: United Kingdom (UK)

🎯 Mobile app publisher Kovalee raised funding.

Entertainment company Kovalee, which specializes in the publishing of consumer apps, received an investment of €8 million in Series A funding round led by Iris. Breega, Bpifrance, Alan Fung and Alexandre Berriche also participated in the investment round.

Transaction Type: Investment

Investment Amount: €8.000.000

Investors: Iris, Breega, Bpifrance, Alan Fung, Alexandre Berriche

Co-founders: Vincent Hart de Keating, Damien Soulard

Country: France

🎯 IT-as-a-Service platform deeploi raised funding.

deeploi, a startup that builds an all-in-one IT platform that aims to save SMEs time and money, received an investment of €3 million in Seed funding round led by Cherry Ventures, with participation from a group of angel investors.

Transaction Type: Investment

Investment Amount: €3.000.000

Investors: Cherry Ventures, angel investors

Co-founders: Julian Lübke, Philipp Hoffmann

Country: Germany

🎯 Digital therapy platform HelloSelf raised funding.

HelloSelf, a health and wellness platform that provides its users with digital access to therapists, received an investment of $20 million in Series B funding round led by Octopus Ventures, with participation from Omers, Mantaray and Oxford Capital.

Transaction Type: Investment

Investment Amount: $20.000.000

Investors: Octopus Ventures, Omers, Mantaray, Oxford Capital

Co-founders: Charles Wells

Country: United Kingdom (UK)

🎯 Nutritional health platform ZOE raised funding.

ZOE, a startup that offers personalised nutrition programmes, has raised €2.3 million from Flight Fund.

Transaction Type: Investment

Investment Amount: €2.300.000

Investors: Flight Fund

Co-founders: George Hadjigeorgiou, Jonathan Wolf

Country: United Kingdom (UK)

🎯 Medtech startup Fire1 raised funding.

Fire1, a medtech startup that develops novel therapeutic devices for heart failure patients, has raised $25 million. The investment round was led by Andera Partners and Novo Holdings, with participation from Gilde Healthcare, Gimv, the Ireland Strategic Investment Fund, Lightstone Ventures, Medtronic, New Enterprise Associates and Seventure Partners.

Transaction Type: Investment

Investment Amount: $25.000.000

Investors: Andera Partners, Novo Holdings, Gilde Healthcare, Gimv, the Ireland Strategic Investment Fund, Lightstone Ventures, Medtronic, New Enterprise Associates, Seventure Partners

Co-founders: Hanson Gifford

Country: Ireland

🎯 Recruitment marketplace Medwing raised funding.

Medwing, a healthcare start-up that provides opportunities to work in the healthcare sector, received an investment of €44 million in Series C funding round from SVB Capital, Atlantic Labs, Cherry Ventures, Cathay Capital, Quadrille Capital, Hambro Perks and Northzone.

Transaction Type: Investment

Investment Amount: €44.000.000

Investors: SVB Capital, Atlantic Labs, Cherry Ventures, Cathay Capital, Quadrille Capital, Hambro Perks, Northzone

Co-founders: Johannes Roggendorf, Timo Fischer

Country: Germany

🎯 Solar panel provider Sunhero raised funding.

Sunhero, which delivers custom-built solar panel solutions, received an investment of €10 million in Series A funding round led by Planet A and Vorwerk Ventures. Speedinvest, Redstone and All Iron Ventures also participated in the investment round.

Transaction Type: Investment

Investment Amount: €10.000.000

Investors: Planet A, Vorwerk Ventures, Speedinvest, Redstone, All Iron Ventures

Co-founders: Christopher Cederskog, Stefan Braun

Country: Germany

🎯 Payment solutions platform APEXX Global raised funding.

APEXX, which optimizes global payment providers into a single integration point, received an investment of $25 million in Series B funding round from MMC Ventures, Alliance Ventures and Forward Partners.

Transaction Type: Investment

Investment Amount: €25.000.000

Investors: MMC Ventures, Alliance Ventures, Forward Partners

Co-founders: Peter Keenan, Rodney Bain, Toreson Lloyd

Country: United Kingdom (UK)

🎯 Marketplace Tallarium raised funding.

Tallarium, an energy market price discovery platform, has raised $1.6 million from XTX Ventures and Reciprocal Ventures.

Transaction Type: Investment

Investment Amount: $1.600.000

Investors: XTX Ventures, Reciprocal Ventures

Co-founders: Stanislav Ermilov

Country: United Kingdom (UK)

🎯 Construction company Oculai raised funding.

SaaS solution Oculai, which provides camera-based data collection on construction sites using intelligent computer vision algorithms, has raised €2.5 million. The investment round was led by High-Tech Gründerfonds. Bayern Kapital, Axeleo Capital and The Leonard Accelerator program also participated in the investment round.

Transaction Type: Investment

Investment Amount: €2.500.000

Investors: High-Tech Gründerfonds. Bayern Kapital, Axeleo Capital, The Leonard Accelerator Program

Co-founders: Constantin Kauffmann, Tim Sippl, Yannik Mack

Country: Germany

🎯 Personal data platform Gener8 raised funding.

Gener8, a startup that offers users to manage and profit from their own data, has raised €5.7 million from Tony Ryan, Shane Ryan, Simon Clegg CBE and Christopher Gayle.

Transaction Type: Investment

Investment Amount: €5.700.000

Investors: Tony Ryan, Shane Ryan, Simon Clegg CBE, Christopher Gayle

Co-founders: Sam Jones

Country: United Kingdom (UK)

🎯 Skills management platform AG5 raised funding.

AG5, a SaaS platform that visualizes and tracks the workforce's skills in a centralized skills hub, has raised €6 million. The investment round was led by Headline, Acadian Ventures and Peak.

Transaction Type: Investment

Investment Amount: €6.000.000

Investors: Headline, Acadian Ventures, Peak

Co-founders: Mathieu van Echtelt, Rick Van Echtelt, Wouter Gazendam

Country: Netherlands

🎯 Satellite manufacturer QuadSAT raised funding.

QuadSAT, a startup that tests and verifies satellite equipment, has raised €9 million. The investment round was led by IQ Capital. Existing investors Seraphim Space, Vækstfonden, Torben Frigaard Rasmussen and Helge Munk also participated in the investment round.

Transaction Type: Investment

Investment Amount: €9.000.000

Investors: IQ Capital, Seraphim Space, Vækstfonden, Torben Frigaard Rasmussen, Helge Munk

Co-founders: Joakim Espeland

Country: Denmark

🎯 Climate labeling platform Klimato raised funding.

Klimato, a startıp that develops a platform for help restaurants and food service providers to calculate, communicate and report the carbon footprint per dish, has raised €4.2 million. The investment round was led by Global Cleantech Capital, with participation from existing investors.

Transaction Type: Investment

Investment Amount: €4.200.000

Investors: Global Cleantech Capital, other investors

Co-founders: Anton Unger, Christoffer Connée, Henric Hansson

Country: Sweden

🛒 CNH Industrial acquires Augmenta.

Industrial products provider CNH Industrial has acquired agritech startup Augementa.

Transaction Type: Acquisition

Investors: CNH Industrial

Co-founders: Dimitri Evangelopoulos, George Varvarelis

Country: Greece

🛒 Tinyclues acquired by Splio.

Omnichannel marketing platform Splio has acquired CRM solution Tinyclues.

Transaction Type: Acquisition

Investors: Splio

Co-founders: Ardavan Beigui, David Bessis, Jakob Haesler

Country: France

🛒 BlaBlaCar acquires Klaxit.

Long distance carpooling platform BlaBlaCar has acquired Klaxit, a startup that offers carpooling services to all pass holders in 9 cities in France.

Transaction Type: Acquisition

Investors: BlaBlaCar

Co-founders: Cyrille Courtière, Julien Honnart

Country: France

Other News:

📌 Rethink Ventures has launched a new €50 million fund to support early-stage startups, which operates in mobility, automotive, and logistics sectors.

📌 Geneva-based investment house ACE & Company has announced a new €150 million fund to support early-growth stage tech companies.

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