Weekly Startup Ecosystem Overview in Europe / 24 - 29 April

Last week, 20 startups in the European entrepreneurship ecosystem received investment. The headquarters of the startups that received investment were distributed as United Kingdom, Finland, Germany, France, Spain, Belgium and Estonia. 1 startup purchase has been also made.

Investments:

9 United Kingdom (UK), 3 Finland, 3 Germany, 2 France, 1 Belgium, 1 Spain, 1 Estonia

Acquisitions:

1 Finland

Sectors Received Investments:

4 Mobility

3 Artificial Intelligence

2 BioTech

2 Software

2 SaaS

2 Health Tech

1 Quantum Computing

1 IoT

1 Energy

1 PropTech

1 Cyber Security

News of the Week

?? Mobility solution Rydes raised funding.

Rydes, which creates mobility solutions to provide real benefits for employees and companies while fighting climate change, received an investment €3.5 million in Seed Funding round, led by Assembly Ventures and Rethink Ventures . Futury Capital, Jens Krüger, Lufthansa Group , Forward31 , Arabella Venture Capital and angel investors also participated in the investment round.

Transaction Type: Investment

Investment Amount: €3.500.000

Investors: Assembly Ventures, Rethink Ventures, Futury Capital, Jens Krüger, Lufthansa Group, Forward31, Arabella Venture Capital, angel investors

Co-founders: Martin Miodownik, Rene Braun

Country: Germany

?? Rental battery provider?Swobbee raised funding.

Swobbee, a startup that works on commercializing battery swapping for micromobility vehicles, has raised another €2 million in extended Series A round. The investment round was led by Clean Future Dividend Fund , SpeedUp Energy Innovation and InnoEnergy .

Transaction Type: Investment

Investment Amount: €2.000.000

Investors: Clean Future Dividend Fund, SpeedUp Energy Innovation, InnoEnergy

Co-founders: Thomas Duscha, Tobias Breyer

Country: Germany

?? EV charging platform Virta raised funding.

Electric vehicle charging platform Virta, has raised €85 million. The investment round was led by Jolt Capital , with participation from Future Energy Ventures backed by E.ON., Helen Ventures , Vertex Growth Fund , Finnish Industry Investment, Lahti Energy, Vantaa Energy and Kotka Energy .?

Transaction Type: Investment

Investment Amount: €85.000.000

Investors: Jolt Capital, Future Energy Ventures, E.ON., Helen Ventures, Vertex Growth Fund, Finnish Industry Investment, Lahti Energy, Vantaa Energy, Kotka Energy

Co-founders: Elias P?yry, Jussi Palola

Country: Finland

?? EV technology developer Elmo raised funding.

Elmo, a startup that mobility-as-a-service platform providing all-inclusive electric car subscriptions, has raised €2.6 million in funding round. The investment round was joined by Highgoal Capital Management, FlyCap, Barolo Invest and SAGGIS.

Transaction Type: Investment

Investment Amount: €2.600.000

Investors: Highgoal Capital Management, FlyCap, Barolo Invest, SAGGIS

Co-founders: Luke Gavin, Oliver Jones

Country: Estonia

?? AI-powered platform?Epicbrief ?raised funding.

Epicbrief, an ai-based platform that automates a number of admin tasks and creates sales conversation summaries in seconds, has raised €1 million in pre-seed funding round. The investment round was led by Curiosity , with participation from Superhero Capital and an undisclosed angel investor.

Transaction Type: Investment

Investment Amount: €1.000.000

Investors: Curiosity, Superhero Capital, undisclosed investor

Co-founders: Miro Putkonen

Country: Finland

?? Revenue analytics and forecasting platform Kluster raised funding.

Kluster, a startup that offers data-driven sales analytics and forecasting solutions, helping B2B SaaS companies optimize their sales process, received an investment of $5 million in Series A funding round, led by Foresight Group , with SuperSeed and angel investor James Isilay.

Transaction Type: Investment

Investment Amount: $5.000.000

Investors: Foresight Group, SuperSeed, James Isilay

Co-founders: Daniel Thompson, Rory Brown

Country: United Kingdom (UK)

?? Carbon accounting platform CarbonChain ?raised funding.

CarbonChain, an ai-based platform that automates emissions tracking in carbon-heavy supply chains for a net-zero economy, received an investment of $10 million in Series A funding round. The investment round was co-led by Union Square Ventures and Voyager Ventures .

Transaction Type: Investment

Investment Amount: $10.000.000

Investors: Union Square Ventures, Voyager Ventures

Co-founders: Adam Hearne, Jeremiah Smith, Roheet Shah, Yury Oparin

Country: United Kingdom (UK)

?? Composite materials manufacturer Woodoo raised funding.

Biotech company Woodoo, has raised $31 million. The investment round was led by Lowercarbon Capital , with participation from One Creation and Purple Ventures .

Transaction Type: Investment

Investment Amount: $31.000.000

Investors: Lowercarbon Capital, One Creation, Purple Ventures

Co-founders: Timothée Boitouzet

Country: France

?? Biotechnology company?HydRegen raised funding.

HydRegen, a biotechnology company that provides sustainable solutions for chemical manufacturing, has raised ￡2.6 million. The investment round was led by Clean Growth Fund , with participation from Future Planet Capital .

Transaction Type: Investment

Investment Amount: ￡2.600.000

Investors: Clean Growth Fund, Future Planet Capital

Co-founders: Sarah Cleary

Country: United Kingdom (UK)

?? Connected worker platform Zaptic raised funding.

Zaptic, a connected worker platform that?provides job instruction and collaboration for frontline teams, received an investment of $10 million Series A funding round, led by Molten Ventures . Existing investor Acequia Capital also participated in the investment round.

Transaction Type: Investment

Investment Amount: $10.000.000

Investors: Molten Ventures, Acequia Capital

Co-founders: Richard Milnes

Country: United Kingdom (UK)

?? Event planning app?Onin raised funding.

Onin, a platform that offers a solution to event planning and combining calendar in one app, has raised ￡2.75 million in Seed funding round, led by Octopus Ventures .

Transaction Type: Investment

Investment Amount: ￡2.750.000

Investors: Octopus Ventures

Co-founders: Ryan Brodie

Country: United Kingdom (UK)

?? SaaS platform Whale raised funding.

knowledge sharing and employee SaaS platform Whale, has raised €2.5 million from existing investors Volta Ventures and Peak .?

Transaction Type: Investment

Investment Amount: €2.500.000

Investors: Volta Ventures, Peak

Co-founders: Bram Billiet, Gary Vanbutsele

Country: Belgium

?? Pricing operations platform m3ter raised funding.

m3ter, a pricing operations platform that integrates usage data, applies pricing, and generates error-free bills in real-time, received an investment of $14 million in Series A funding round. The investment round was joined by Kindred Capital , Union Square Ventures and Insight Partners .

Transaction Type: Investment

Investment Amount: $14.000.000

Investors: Kindred Capital, Union Square Ventures, Insight Partners

Co-founders: Griffin Parry, John Griffin

Country: United Kingdom (UK)

?? Medical platform?Top Doctors raised funding.

Top Doctors, an online platform for identifying, interacting and booking e-consultations with medical specialists in private healthcare, has raised €8 million from Mars Growth Capital and Liquidity Group .

Transaction Type: Investment

Investment Amount: €8.000.000

Investors: Mars Growth Capital, Liquidity Group

Co-founders: Alberto E. Porciani, Lorena Bassas Vivó

Country: Spain

?? Hearing health assessment system TympaHealth raised funding.

Ear and hearing health assessment system company TympaHealth, has raised $23 million in Series A funding round, led by Octopus Ventures . Rezayat Investments , Dara Capital , Bob Davis and Jeff Leerink also participated in the investment round.

Transaction Type: Investment

Investment Amount: $23.000.000

Investors: Octopus Ventures, Rezayat Investments, Dara Capital, Bob Davis, Jeff Leerin

Co-founders: Krishan Ramdoo

Country: United Kingdom (UK)

?? Quantum engineering company?Riverlane raised funding.

Quantum computer operating system builder Riverlane, received an investment of ￡15 million in Series B funding round, led by Molten Ventures . Altair , Cambridge Innovation Capital , Amadeus Capital Partners and the National Security Strategic Investment Fund also participated in the investment round.

Transaction Type: Investment

Investment Amount: ￡15.000.000

Investors: Molten Ventures, Altair, Cambridge Innovation Capital, Amadeus Capital Partners, the National Security Strategic Investment Fund

Co-founders: Steve Brierley

Country: United Kingdom (UK)

?? IoT company?Haltian raised funding.

Haltian, which provides product development services and commercial IoT solutions, has raised €22 million in growth funding round, led by Mandatum Asset Management ?Growth Equity II Fund, with participation from Varma , Tesi , Ventic and?Inventure .

Transaction Type: Investment

Investment Amount: €22.000.000

Investors: Mandatum Asset Management Growth Equity II Fund, Varma, Tesi, Ventic, Inventure

Co-founders: Pasi Leipala, Teemu Vaattovaara, Ville Yllasjarvi

Country: Finland

?? Power plant provider Reverion raised funding.

Reverion, which produces highly efficient, reversible, carbon-negative power plants, has raised €8.5 million. The investment round was led by UVC Partners , with participation from Green Generation Fund ,?Extantia Capital ,?Doral Energy-Tech Ventures and Landw?rme GmbH .

Transaction Type: Investment

Investment Amount: €8.500.000

Investors: UVC Partners, Green Generation Fund,?Extantia Capital,?Doral Energy-Tech Ventures, Landw?rme GmbH

Co-founders: Stephan Herrmann

Country: Germany

?? Gradual homeownership provider?Wayhome raised funding.

Wayhome, which offers a debt-free way to buy a home, received an investment of ￡8 million in Series A equity funding round, led by Allianz X and Augmentum Fintech . Volution ,?Love Ventures ?and?Cur8 Capital also participated in the investment round.

Transaction Type: Investment

Investment Amount: ￡8.000.000

Investors: Allianz X, Augmentum Fintech, Volution, Love Ventures, Cur8 Capital

Co-founders: Josef Wasinski, Nigel Purves, Ray Rafiq Omar

Country: United Kingdom (UK)

?? Cybersecurity platform Bastion raised funding.

All-in-one cybersecurity platform Bastion, has raised a €2.5 million Seed round with investment from?Frst ,?Global Founders Capital ,?Kima Ventures ?and?Motier Ventures , including angel investors Denis Duverne, Joshua Motta, Renaud Deraison and Ga?lle Olivier.

Transaction Type: Investment

Investment Amount: €2.500.000

Investors: Frst,?Global Founders Capital,?Kima Ventures, Motier Ventures, Denis Duverne, Joshua Motta, Renaud Deraison, Ga?lle Olivier

Co-founders: Arnaud Fournier, Arnaud Drizard, Sébastien Duc, Robin Costé

Country: France

?? Boksi acquires Monochrome .

Influencer marketing platform?Boksi ?has acquired creative influencer agency Monochrome.

Transaction Type: Acquisition

Investors: Boksi

Co-founders: Mario Almaraz

Country: Finland

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