- Fernride, a Munich, and Wolfsburg, Germany-based autonomous trucking innovator, closed a further $19M in Series A funding, bringing the total round amount to $50M.New investors included Deep Tech and Climate Fonds (DTCF), Munich Re Ventures, Bayern Kapital, and Klaus Kleinfeld.
- Resourcify, a Hamburg, Germany-based waste management and recycling platform provider, raised €14m in Series A funding.The round was led by Vorwerk Ventures, with participation from further investors including Revent, Ananda Impact Ventures, Speedinvest, BonVenture, and WEPA Ventures.
- EnOcean, an Oberhaching, Germany-based innovator in sustainable Internet of Things (IoT) and maintenance-free and battery-free sensor-to-cloud solutions, received an investment from Innovation Industries.The amount of the deal was not disclosed.The company intends to use the funds to accelerate growth and development of new sustainable IoT solutions and widen its market footprint.
- Pexapark, a Zurich-based energy investment platform, has raised €20 million in a Series C funding round. The investment is aimed at further expanding the company’s market penetration as well as continued development of its PPA transaction advisory services.Led by Telstra Ventures, the €20 million Series C round also garnered the support of Swisscom Ventures and the A&G Energy Transition Tech Fund.
- traceless materials Raises €36.6M in Series A FundingThe round was led by UB Forest Industry Green Growth Fund (“UB FIGG”) and SWEN CP’s Blue Ocean fund, with participation from GLS Bank, Hamburg, Hamburger Sparkasse, Planet?A?Ventures, High-Tech Gründerfonds (HTGF),?and?b.value.
- KYP.ai, a Berlin, Germany-based provider of a data-driven insights platform for process automation, raised EUR 17.5M in Series A funding.The round was led by OTB Ventures, with participation from existing investors 42CAP and Tola Capital.
- CMR Surgical, a Cambridge, UK-based developer of surgical robotics, raised $165m in funding.Backers included SoftBank, Ally Bridge Group, Cambridge Innovation Capital, Escala Capital, LGT, Lightrock, RPMI Railpen, Tencent and Watrium. ?
- Acesion Pharma, a Copenhagen, Denmark-based biotech company pioneering first-in-class novel therapies for atrial fibrillation (‘AF’), closed a €45M Series B financing round.The financing was co-led by Canaan and?Alpha Wave with participation from the Global BioAccess Fund, as well as existing investor Novo Holdings. In connection with the closing of the financing, the composition of the Acesion board of directors will change to include?Tim Shannon, General Partner at Canaan, and?Nik Economopoulos, Analyst from?Alpha Wave. J?rgen S?berg Petersen, Partner at Novo Holdings, will remain Chairman.
- Corti, a Copenhagen, Denmark-based provider of an AI co-pilot for healthcare interactions, raised USD60M in Series B funding.The round was led by Prosus Ventures and Atomico, with participation from existing investors Eurazeo, EIFO, and Chr. Augustinus Fabrikker.
- Iceland-based?Controlant, a digital supply chain visibility company, announced that it has raised €37.4M from Apax Credit Funds, the credit investment arm of London-based private equity firm Apax Partners.Controlant aims to deliver zero-waste supply chains, including for its partners in the global pharmaceutical industry. Its supply chain model utilises digitalisation, automation, and transformation of the pharma supply chain itself.
- AI infrastructure planning company?Continuum Industries?announced it has raised $10 million in Series A funding in a round led by?Singular.Demand for energy and utility infrastructure is increasing, but the current planning process is complex, and the current pace of development is too slow to meet net-zero targets.?
- Cato Networks, the Tel Aviv-based startup that packages software-defined networking, managed cybersecurity and global backbone services into a single offering, today announced that it raised $238 million in an equity investment that values the company at over $3 billion.LightSpeed Venture Partners led the round with participation from Adams Street Partners, SoftBank Vision Fund 2, Sixty Degree Capital and Singtel Innov8, bringing Cato’s total raised to $770 million.
- Helsing, a Munich, Germany-based defence AI company, raised €209M in Series B funding.The round was led by General Catalyst with participation from Swedish group Saab.
- floLIVE, a London, UK-based provider of global connectivity, network and connectivity management platforms for IoT, raised $47M in Series C funding.The round was led by Greenfield Partners and existing investor 83North, with participation from Qualcomm Ventures, Dell Technologies Capital, Saban Ventures, and Hazelnut Partners.
- Mironid, a Glasgow, UK-based biopharmaceutical company developing small molecule therapeutics, extended its Series A funding.The round, which brought the total amount raised to date to ￡35M, was led by Roche Venture Fund with participation from existing investors Epidarex Capital, Sofinnova Partners, BioGeneration Ventures, the University of Strathclyde, Scottish Enterprise and the European Investment Fund.
- Broken String Biosciences, a Cambridge, UK-based genomics company building a technology platform for cell and gene therapies, raised $15M in Series A funding.The round was led by Illumina Ventures, Mérieux Equity Partners, and HERAN Partners with participation from existing investors Tencent and Dieter von Holtzbrinck Ventures (DvH Ventures). As part of the round, Yoann Bonnamour, Mérieux Equity Partners, and Arnaud Autret, Illumina Ventures, join the Company’s Board of Directors.
- HPNow, a Copenhagen, Denmark-based clean water and sanitation company, raised €14M in funding.The round was led by The Export and Investment Fund of?Denmark?(EIFO) together with Novo Holdings. Other investors included MatiTech, Evonik Venture Capital and AP Ventures.The company intends to use the funds to scale up its marketing, sales, technical support and production capacity, in order to address market demand.
- Iomed, a Barcelona, Spain-based company which specializes in AI-powered technology for healthcare data activation, raised €10M in funding.The round was led by Philips Ventures and XTX Ventures. Fondo Bolsa Social and Redseed also participated, as well as existing investors Adara Ventures and EASO Ventures. It has also received a grant of nearly €1M from?red.es?to support a research and development project in artificial intelligence.
- Jena-based rooom AG has successfully completed a financing round and raised a total of EUR 17 million. The investment was led by a consortium of institutional investors. The lead investor was Munich-based Marondo Capital. In addition, Technologiegründerfonds Sachsen (TGFS) and bm-t Beteiligungsmanagement Thüringen as well as other existing investors participated. Bryan, Garnier & Co advised rooom AG on the financing round.
- Swiss SaaS workplace management company?deskbird?is planning further expansion across Europe, and says it will be targeting other markets including the US, following a $13 million fundraise. The Series A funding comes from?ALSTIN Capital and?AVP (AXA Venture Partners)?and includes existing investors, such as?session.vc,?Rivus Capital, and?PortfoLion. This injection of capital follows a?successful $5 million fundraise in 2022.?
- Zenobē, a London, UK-based company which specializes in transport electrification and battery storage solutions, received a $750M investment led by KRR.Infracapital, the infrastructure equity investment arm of M&G Plc and current majority shareholder, will invest further alongside KKR and the management team, with KKR and Infracapital becoming joint majority shareholders. The transaction is subject to customary closing conditions and regulatory approvals.
- Milton Keynes, UK-based Envisics, a dynamic holographic technology company, announced on Wednesday, September 6, that it has closed its Series C round of funding at $100M (approximately €93M).In March this year,?Envisics?announced the first $50M tranche led by Hyundai Mobis, with additional investments from InMotion Ventures, the investment arm of Jaguar Land Rover, and Stellant.
- Corteria Pharmaceuticals,?a Paris, France-based biopharmaceutical company specialized in the development of therapies for unaddressed heart failure subpopulations, raised €65M in Series A funding.The round was led by OrbiMed and Jeito Capital, with participation from existing seed investors Kurma Partners, Fountain Healthcare Partners, V-Bio Ventures, Invivo Capital, and Omnes Capital. As a result, Erez Chimovits from OrbiMed and Andreas Wallnoefer from Jeito Capital will join the board of Directors of Corteria.
- Open Cosmos, a Harwell, UK-based space tech company, raised $50M in Series B funding.The round saw participation from ETF Partners,?Trill Impact,?A&G, Accenture Ventures, Banco Santander InnoEnergy Climate Tech Fund and Claret Capital Partners, Taavet Hinrikus and Kheng Nam Lee.
- BioLamina, a Sundbyberg, Sweden-based company which specializes in the development and commercialization of recombinant proteins, raised €17M in funding.The round was led by Lauxera?Capital Partners, with participation from Bure Equity, Northislet, as well as with BioLamina’s founders and executives as?shareholders.
- Gradient Denervation Technologies, a Paris, France-based medical device company for the treatment of pulmonary hypertension, raised €14M in Series A funding.The round was led by Asabys Partners through its new fund Sabadell Asabys II and was joined by Thuja Capital and Sofinnova Partners.
- Nuventura, a leading provider of SF6-free, medium-voltage (MV) gas-insulated switchgear (GIS) technologies, announced the completion of a €25 million Series A investment. The round is led by Mirova, through its impact private equity Mirova Environment Acceleration Capital fund, alongside new investors Forward.one and EIC Fund, and existing investors IBB Ventures, ADB Ventures, Cycle Group, Future Energy Ventures, and DOEN Participaties. The funding brings total investment in Nuventura to more than €35 million.
- Dawn Capital, one of Europe’s biggest backers of business software companies, raised $700 million in two new funds, defying the odds as venture capital investment in tech startups has slumped
- Verdane, the European specialist growth investment firm, is pleased to announce the successful final close of Verdane Capital XI (“Capital XI”, “Freya XI*” or “the Fund”) at its hard cap of €1.1 billion, almost doubling the size of its predecessor fund.?
- Astanor Ventures, a Brussels, Belgium-based agrifood tech impact investment firm, closed its second venture fund, at €360m. Building upon the first venture fund, Astanor remains committed to its core investment strategy of supporting early-stage and mission-driven companies advancing sustainable agrifood technologies.
- The European Investment Fund (EIF) has invested €40 million in?Blume Equity, a female-founded fund climatetech growth fund. This investment marks one of the EIF’s largest into a first-time growth stage fund.Blume invests in companies supporting the transition to a low-carbon economy and a more sustainable environment, and as to be expected, the funds will be reserved solely for European companies.
- The firm’s recent investments include Internet of Things (IoT) data solutions provider?Sensorfact,?Normative, a carbon accounting platform focusing on emissions for large enterprise clients,?Matsmart-Motatos, a company tackling food waste in the FMCG space, and robotic inspection and maintenance services to the wind turbine industry startup,?Aerones.
- Tübingen-based?SHS Capital?has raised €270 million for their sixth fund generation. The investment focus of the new fund SHS VI is on growing European healthcare companies.?The new fund aims for ten to fifteen investments in the form of both majority and minority positions. The fund’s investment amount is €10 to €40 million. Together with LPs and other investors, transaction values of up to €150 million can be realized.SHS only invests in companies already generating significant revenues that are on a growth path, and aim to become European healthcare champions. SHS can support this through its large network in the healthcare sector, its long-standing industry experience, and extensive market knowledge.
- Dreamcraft Ventures, a Copenhagen-based venture capital manager, reached its target of €55 million for Fund II and thus took another step towards becoming one of the Nordic region’s most value-creating VC investors.With its second fund, Dreamcraft will invest in 25 companies at pre-seed and seed stages with a preference for being lead or co-lead investor for companies serving The Nordic and/or German markets with B2B software for functions (finance, sales, marketing, operations, supply chain, people, engineering, data and sustainability) and/or industries (financial services, gaming, tech, sports, media, travel, transportation and energy) where its team has experience and network.
- Pitango, a Herzilya, Israel-based venture capital firm, held the first closing of its second dedicated healthcare fund, Pitango HealthTech II, at $175M.HealthTech is Pitango’s dedicated health tech fund investing in seed to commercial stage companies, ranging from digital health, medical devices, techbio and diagnostics, foodtech, ag-tech, biotech and life sciences.
- Unconventional Ventures, a Copenhagen-based venture capital firm focusing on investing in early-stage startups led by underrepresented founders in Europe, has announced the second close of a targeted €30 million fund.The firm focuses on the climatetech, healthtech, edtech, and fintech verticals, and this second close is aimed at continued Pre-Seed and Seed investments.
- PhotonVentures, an Eindhoven, The Netherlands-based deep tech venture capital firm, launched a venture capital fund aimed at early-stage photonic chip startups and scale ups.€60m was raised in its first financing round with PhotonDelta as the lead investor alongside numerous private investors.PhotonVentures plans to raise a total of €100 to €150m, with its final close set for the start of 2024. It will prioritise Series A rounds, with the aim of providing investments between €1m – €2.5m. The fund is planning to initially invest in 15 European deep-tech companies that have potential to grow into international winners in their sectors. The startups should have an integrated photonics-based MVP connected to the European ecosystem.
- APEX, an athlete-driven investment company, announced the launch of its new €50 million Elite Performance Fund. This investment vehicle is poised to reshape the landscape of sports, media, and entertainment by channeling the expertise and vision of world-renowned athletes such as Formula 1 sensations Lando Norris and Carlos Sainz and FIFA World Cup and UEFA Champions League winner Rapha?l Varane.?
- SET Ventures has announced its €200M fourth fund with €127M committed to invest in the next generation of technology leaders that will shape the carbon-free energy system of the future.By doubling the size of its previous fund, SET Ventures enhances access to capital for Europe’s most imaginative energy entrepreneurs by addressing the scarcity of deep pockets for turning early-stage innovations into financially successful market leaders. The fund will invest in 20-25 European innovators in the energy transition. To extend its international presence, the firm has also opened an office in Hamburg.
