Weekly Startup Ecosystem Overview in Europe / 3 – 8 April

Last week, 17 startups in the European entrepreneurship ecosystem received investment. The headquarters of the startups that received investment were distributed as United Kingdom, Germany, Netherlands, Latvia, Denmark, Sweden and Finland. 4 startup purchase has been also made.

Investments:

5 Germany, 4 United Kingdom, 3 Netherlands, 2 Latvia, 1 Denmark, 1 Sweden, 1 Finland

Acquisitions:

2 Germany, 1 United Kingdom (UK), 1 Sweden

Bonus:

1 UK-based startup acquires US-based engineering company.

1 London/Glasgow-based startup acquires US-based health care company.

Sectors Received Investments:

3 Fintech

2 Artificial Intelligence

1 Fintech/Proptech

1 Metaverse

1 Medtech

1 Data Analytics

1 HR Tech

1 Automotive

1 Energy

1 Greentech

1 Climate Tech

1 Information Technology

1 Mobility

1 Biotech

News of the Week

?? Global payment platform TerraPay raised funding.

TerraPay, a mobile-first payments service that allows anyone, anywhere, to send money to a mobile number instantly, has raised $100 million in its Series B equity financing round, led by IFC and attented by Prime Ventures ,?Partech Africa ,?U.S. International Development Finance Corporation (DFC) ?and other investors.

Transaction Type: Investment

Investment Amount: $100.000.000

Investors: IFC, Prime Ventures,?Partech Africa,?U.S. International Development Finance Corporation (DFC), other investors

Co-founders: Akbar Hussain, Ambar Sur, Ani Sane, Ram Sundaram

Country: United Kingdom (UK)

?? Financial advisor Finanzguru raised funding.

Finanzguru, an ai-powered financial assistant that assists users in managing their accounts and contracts, has raised €13 million. The investment round was led by SCOR Ventures and PayPal Ventures , with participation from existing investors Deutsche Bank , coparion , VR Ventures , Hannover Digital Investments , Venture Stars and Frank Strauss.

Transaction Type: Investment

Investment Amount: €13.000.000

Investors: SCOR Ventures, PayPal Ventures,Deutsche Bank, coparion, VR Ventures, Hannover Digital Investments, Venture Stars, Frank Strauss

Co-founders: Alexander Michel, Benjamin Michel

Country: Germany

?? Fintech startup Fourthline raised funding.

Fourthline, which offers an end-to-end KYC and AML compliance solution to regulated institutions like banks, fintechs, and brokers, has raised €50 million from undisclosed investors.

Transaction Type: Investment

Investment Amount: €50.000.000

Investors: -

Co-founders: Chris van Straeten, Krik Gunning

Country: Netherlands

?? Manufacturing platform MakerVerse raised funding.

AI-powered on-demand manufacturing supply chain platform MakerVerse, received an investment of €9.4 million in Series A funding round, led by 9.5 Ventures . All investors from the previous Seed round has also particiapated in the investment round, such as Siemens Energy and ZEISS .

Transaction Type: Investment

Investment Amount: €9.400.000

Investors: 9.5 Ventures, other investors

Co-founders: Manish Katoch, Tim Marten Schark, Markus Seibold

Country: Germany

?? AI company Teton raised funding.

Teton, an ai-based health tech startup that supports nurses to monitor their patients in real-time, has raised $5.3 million. The investment round was led by Plural VC , with participation from Finn Murphy and PreSeed Ventures .

Transaction Type: Investment

Investment Amount: $5.300.000

Investors: Plural VC, PreSeed Ventures, Finn Murphy

Co-founders: Esben Klint Thorius, Mikkel Wad Thorsen

Country: Denmark

?? Mortgage and protection platform Acre raised funding.

Acre, which digitizes and atomizes the home buying processes, has raised €7.3 million. The investment was provided by The McPike Global Family Office and joined by existing investors Aviva and Founders Factory .

Transaction Type: Investment

Investment Amount: €7.300.000

Investors: The McPike Global Family Office, Aviva, Founders Factory

Co-founders: Justus Brown

Country: United Kingdom (UK)

?? Metaverse builder LandVault raised funding.

End-To-End metaverse builder LandVault, received an investment of $3 million in extended Series B funding round from The Sandbox , The Gemini Frontier Fund , HodICo and hedge fund Kingsway Capital .

Transaction Type: Investment

Investment Amount: $3.000.000

Investors: The Sandbox, The Gemini Frontier Fund, HodICo, Kingsway Capital

Co-founders: Joe Bachle-Morris, Mohammed Alisrawi, Samuel Huber

Country: United Kingdom (UK)

?? Pharmaceuticals company CurifyLabs raised funding.

CurifyLabs, a med-tech startup that allows hospitals and community pharmacies to make tailor made medicines as it provides onsite compounding capabilities, has raised €2.5 million from the European Innovation Council (EIC) Accelerator programme.

Transaction Type: Investment

Investment Amount: €2.500.000

Investors: EIC Accelerator Programme

Co-founders: Charlotta Topelius, Niklas Sandler Topelius

Country: Finland

?? Data analytics company Quantexa raised funding.

Quantexa, a data analytics and software company that develops Decision Intelligence (DI) solutions, received an investment of $129 million in Series E funding round with a $1.8 billion valuation. The investment round was led by GIC , with participation from?Warburg Pincus ,?Dawn Capital ,?British Patient Capital ,?Evolution Equity Partners ,?HSBC ,?BNY Mellon ,?ABN AMRO ?and?AlbionVC .?

Transaction Type: Investment

Investment Amount: $129.000.000

Investors: GIC, Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO, AlbionVC

Co-founders: Imam Hoque, Vishal Marria

Country: United Kingdom (UK)

?? HR solution Hyperjob raised funding.

Hyperjob, a tool that helps prepare job ads and stand out when sourcing candidates, has raised €435.000. The investment round was led by SMOK.vc , with the participation of angel investors Davis Siksnans and Einar Roosileht, among other undisclosed parties.

Transaction Type: Investment

Investment Amount: €435.000

Investors: SMOK.vc, Davis Siksnans, Einar Roosileht, other investors

Co-founders: Janis Kreilis, Juris Sorokins, Roberts Tomme

Country: Latvia

?? Driver interaction platform 4.screen raised funding.

4.screen, which connects and interacts with drivers, received an investment of €21 million in Series A funding round, led by S4S Ventures .

Transaction Type: Investment

Investment Amount: €21.000.000

Investors: S4S Ventures

Co-founders: Christoph Mahlert, Fabian Beste, Simon Hecker

Country: Germany

?? Heat pumps installation platform HeatTransformers raised funding.

HeatTransformers, which provides a digital platform intended to install hybrid heat pumps, received an investment of €15 million in Series A funding round, led by Energy Impact Partners . Existing investors?Fair Capital Partners’ Impact Fund ?and?ENERGIIQ also participated in the investment round.

Transaction Type: Investment

Investment Amount: €15.000.000

Investors: Energy Impact Partners,?Fair Capital Partners’ Impact Fund, ENERGIIQ

Co-founders: Stijn Otten

Country: Netherlands

?? Smart thermostat developer tado° raised funding.

tado°, which offers smart thermostats and apps that adjust to the real-time behavior of residents in private homes and small businesses, has raised €12 million. The investment round was led by S2G Ventures , with participation from Kiko Ventures , Noventic , Swisscanto Private Equity , Bayern Kapital , Target Partners , Zürcher Kantonal Bank and Trill Impact .

Transaction Type: Investment

Investment Amount: €12.000.000

Investors: S2G Ventures, Kiko Ventures, Noventic, Swisscanto Private Equity, Bayern Kapital, Target Partners, Zürcher Kantonal Bank, Trill Impact.

Co-founders: Christian Deilmann, Johannes Schwarz, Leopold von Bismarck, Valentin Sawadski

Country: Germany

?? Waste platform Seenons raised funding.

Seenons, a startup thatuses IT solutions and smart logistics for circular waste management, has raised €10 million from?Invest-NL ,?CapitalT ,?Tablomonto ,?Swiss Post ?and?Shamrock Ventures .

Transaction Type: Investment

Investment Amount: €10.000.000

Investors: Invest-NL, CapitalT, Tablomonto, Swiss Post, Shamrock Ventures

Co-founders: Joost Kamermans, Jorn Eiting van Liempt, Martin Kayser

Country: Netherlands

?? IT services company FIS.solutions raised funding.

FIS.solutions, a IT services and IT consulting company that develops no-code lending SaaS solution, has raised €250.000. The investment round was led by Expansion Capital .?

Transaction Type: Investment

Investment Amount: €250.000

Investors: Expansion Capital

Co-founders: Juris Cirkovs

Country: Latvia

?? Electric boat maker X Shore raised funding.

X Shore, a startup that creates all-electric powered boat, has raised €26.5 million from SEB (Skandinaviska Enskilda Banken) and undisclosed investors.

Transaction Type: Investment

Investment Amount: €26.500.000

Investors: SEB, other investors

Co-founders: Konrad Bergstr?m

Country: Sweden

?? Silk biopolymers provider AMSilk raised funding.

AMSilk, which produces and distributes high-quality silk biopolymers, received an investment of €25 million in Series C funding round, led by existing investor ATHOS . Novo Holdings , Cargill and MIG Capital also participated in the investment round.

Transaction Type: Investment

Investment Amount: €25.000.000

Investors: ATHOS. Novo Holdings, Cargill, MIG Capital

Co-founders: Lin R?mer

Country: Germany

?? Utimaco acquires conpal .

Cybersecurity and compliance solutions platform Utimaco has acquired conpal GmbH, which offers IT security solutions for the encryption and authentication of confidential data.

Transaction Type: Acquisition

Investors: Utimaco

Co-founders: -

Country: Germany

?? LanguageTool , acquired by Learneo.

US-based business tools platform?Learneo has acquired multilingual tool LanguageTool.

Transaction Type: Acquisition

Investors: Learneo

Co-founders: Christopher Blum

Country: Germany

?? Tandem Bank acquires Loop Money .

Private personalised banking service Tandem Bank has acquired money-sharing app Loop Money.

Transaction Type: Acquisition

Investors: Tandem Bank

Co-founders: Michelangelo Giacco, Paul Pester

Country: United Kingdom (UK)

?? Assently , acquired by Verified.

B2B SaaS company Verified has acquired Assently, which provides turnkey solutions for electronic signatures on contracts and forms.

Transaction Type: Acquisition

Investors: Verified

Co-founders: Andreas Massarsch

Country: Sweden

?? Qualitest acquires Q Analysts .

AI-powered quality engineering company Qualitest has acquired US-based quality engineering company Q Analysts.

Transaction Type: Acquisition

Investors: Qualitest

Co-founders: Ross Fernandes

Country: USA

?? Truepill , acquired by Phlo.

Digital pharmacy Phlo has acquired UK arm of US-based unicorn Truepill, provider of API-connected healthcare infrastructure.

Transaction Type: Acquisition

Investors: Phlo

Co-founders: Sid Viswanathan, Umar Afridi

Country: USA

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