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08 February 2023·17 min read

Paweł Pliszka

Editor, Vestbee

TOP 30 European Funding Rounds Closed in January 2023

The first month of the new year 2023 has passed, and we are pleased to present the following summary of European investments - we would like to show you the TOP 30 European firms that closed funding rounds in January. This month, investors were mainly attracted to software, fintech, analytics, financial services, healthcare, machine learning and e-commerce. Enpal topped the list with a €215M mega round.

Let's look at the top 30 European funding rounds in January!

Enpal

Location: Berlin, Germany
Launch date: 2017
Funding Round: Series D €215M
Funding Source: Activate Capital Partners, HV Capital, Princeville Capital, SoftBank Vision Fund, The Westly Group, TPG
Total funding received: €1.7Bn

Launched in Berlin in 2017, Enpal is a photovoltaic leasing company providing households with solar power systems. The company's product allows customers to save money on electricity through a solar system and a green, all-inclusive energy solution. The company is digitising the opaque solar sector by offering personalised solar system installation and configuring the exact right solution based on customer information and all available technologies. The company has just raised €215M in Series D funding led by Activate Capital Partners, HV Capital, Princeville Capital, SoftBank Vision Fund, The Westly Group and TPG.

DeepL

Location: Cologne, Germany
Launch date: 2009
Funding Round: Venture round €93.3M
Funding Source: Atomico, Benchmark, Bessemer Venture Partners, btov Partners, IVP, World Innovation Lab (WiL)
Total funding received: €93.3M

Established in Germany, DeepL is a prominent deep learning company that uses artificial intelligence and machine learning for a variety of language translation products, including the bilingual dictionary Linguee and the world's finest machine translation service DeepL. It provides a world-class translation experience in 29 languages and counting via an online translator, browser extensions, desktop and mobile applications, and an API. Atomico, Benchmark, Bessemer Venture Partners, btov Partners, IVP and World Innovation Lab (WiL) have just invested €93.3 million in the firm.

Wallapop

Location: Barcelona, Spain
Launch date: 2013
Funding Round: Series G €81M
Funding Source: 14W, Accel, Insight Partners, Korelya Capital, Naver
Total funding received: €239.6M

Launched in Barcelona in 2013, Wallapop is a hyper-local mobile marketplace for buying and selling second-hand products, accessed primarily through a smartphone app. It uses geolocation technology to connect a community of 15 million members by providing a fast and convenient way to buy and sell second-hand products. The marketplace, which has found new homes for over 180 million items, gives customers access to unique items at low prices while extending the life of perfectly good products. During its Series C funding round, the company raised €81M from 14W, Accel, Insight Partners, Korelya Capital, and Naver.

Welcome to the Jungle

Location: Paris, France
Launch date: 2014
Funding Round: Series C €50M
Funding Source: Accel, Alven, Blisce, Bpifrance, Cipio Partners, Groupe ADP, Kostogri, Phiture, Revaia, Serena, XAnge
Total funding received: €81.6M

Based in Paris, Welcome to the Jungle is a multichannel media and job board company that seeks to motivate people to succeed in their careers. The organisation provides a wide range of quality information to help young professionals rethink their relationship with work. Welcome to the Jungle has also created a content-rich website with more than 3,300 in-depth company profiles - including images, videos, and data - to give potential jobseekers vital information. The company has raised €50M in Series C funding led by Accel, Alven, Blisce, Bpifrance, Cipio Partners, Groupe ADP, Kostogri, Phiture, Revaia, Serena and XAnge.

Grey Wolf Therapeutics

Location: Oxford, United Kingdom
Launch date: 2017
Funding Round: Series B €44.4M
Funding Source: Andera Partners, British Patient Capital, Canaan Partners, Earlybird Venture Capital, Oxford Science Enterprises, Pfizer Venture Investments
Total funding received: €64M

Grey Wolf Therapeutics, based in Oxford, was launched in 2017 as a drug discovery biotechnology firm focused on immuno-oncology. Grey Wolf's approach is to directly modify tumour cells, making them vulnerable to attack and elimination by the immune system. The firm has just raised €44.4M in Series B funding from Andera Partners, British Patient Capital, Canaan Partners, Earlybird Venture Capital, Oxford Science Enterprises and Pfizer Venture Investments.

tado°

Location: Munich, Germany
Launch date: 2011
Funding Round: Venture round €43M
Funding Source: Bayern Kapital, Kiko Ventures, Noventic, Swisscanto Private Equity, Target Partners, Trill Impact, Zürcher Kantonal Bank
Total funding received: €190.8M

Tado°, a German IT firm founded in 2011, brings the Internet of Things to the cleantech sector. It provides intelligent thermostats and applications that adapt to users' real-time behaviour in homes and small businesses. It adjusts in real-time to the behaviour of the occupants, taking into account current weather forecasts and building characteristics. A team of talented young professionals has been working on the development of tado° for around two years. Bayern Kapital, Kiko Ventures, Noventic, Swisscanto Private Equity, Target Partners, Trill Impact and Zürcher Kantonal Bank recently invested €43M in the company.

Peppy

Location: London, United Kingdom
Launch date: 2018
Funding Round: Series B €42M
Funding Source: AlbionVC, Felix Capital, Hambro Perks Ltd., Kathaka, MTech Capital, Outward VC, Seedcamp, Simplyhealth, Sony Innovation Fund
Total funding received: €52.9M

Launched in London in 2018, Peppy is a prominent digital platform that helps employers provide expert support in underserved areas of healthcare, such as menopause, fertility and pregnancy, men's health and women's health. They work with high-profile companies to connect their team members with human specialists, enabling them to get tailored help at the touch of a button via the secure Peppy app. AlbionVC, Felix Capital, Hambro Perks Ltd, Kathaka, MTech Capital, Outward VC, Seedcamp, Simplyhealth and Sony Innovation Fund recently contributed €42M to the company's Series B funding round.

The Exploration Company

Location: Munich, Germany
Launch date: 2021
Funding Round: Series A €40.5M
Funding Source: Cherry Ventures, EQT Ventures, Habert Dassault Finance, July Fund, Omnes Capital, Partech, Possible Ventures, Promus Ventures, Red River West, RYMD Kapital, Schlumberger Limited, SistaFund, Vsquared Ventures, Wealth Management Alliance
Total funding received: €47.3M

The Exploration Company designs, builds and operates the Nyx modular and reusable spacecraft, which serves the needs of space stations orbiting the Earth and Moon. Nyx can be refuelled in orbit, uses green propellants and has an open-source operating system. The company was founded in Munich in 2021 and recently raised €40.5M in Series A funding from Cherry Ventures, EQT Ventures, Habert Dassault Finance, July Fund, Omnes Capital, Partech, Possible Ventures, Promus Ventures, Red River West, RYMD Kapital, Schlumberger Limited, SistaFund, Vsquared Ventures and Wealth Management Alliance.

Anyfin

Location: Stockholm, Sweden
Launch date: 2017
Funding Round: Series C €28.4M
Funding Source: Accel, Augmentum Fintech, Capricorn Capital Partners, Citi Ventures, EQT Ventures, FinTech Collective, Northzone, Quadrille Capital
Total funding received: €128.6M

Stockholm-based Anyfin is an intelligent financial software that enables consumers to better understand and manage their finances. The company wants to help as many people as possible to achieve the best possible financial situation. They use modern technology to provide fair, simple and intelligent services that help their customers get more out of their money. Accel, Augmentum Fintech, Capricorn Capital Partners, Citi Ventures, EQT Ventures, FinTech Collective, Northzone and Quadrille Capital led the recent Series C funding round with a total of €28M.

ClearSpace

Location: Renens, Switzerland
Launch date: 2018
Funding Round: Series A €26.7M
Funding Source: 600 T Space Investments, Happiness Capital, In-Q-Tel, Lakestar, OTB Ventures, Swisscom Ventures, The Luxembourg Future Fund
Total funding received: €31.6M

ClearSpace, a Swiss firm, was founded to advance the development of sustainable in-orbit services along the lines of the EPFL CleanSpace One project. The company develops in-orbit technology and provides services for non-functioning satellites in space. It has signed a service contract with ESA to carry out the first autonomous space debris removal mission, known as ClearSpace-1. The firm has just raised €26.7M in Series A investment from 600 T Space Investments, Happiness Capital, In-Q-Tel, Lakestar, OTB Ventures, Swisscom Ventures and The Luxembourg Future Fund.

HAWK:AI

Location: Munich, Germany
Launch date: 2018
Funding Round: Series B €15.8M
Funding Source: BlackFin Capital Partners, Coalition, DN Capital, Picus Capital, Sands Capital Ventures
Total funding received: €25.2M

Munich-based HAWK:AI is a platform for the detection and investigation of money laundering. The firm’s goal is to help financial institutions identify financial fraud more effectively and efficiently by applying artificial intelligence to improve rules and detect anomalies. HAWK:AI combats financial crime by focusing on the real-time transaction and customer monitoring, bringing together the best data sources and advising operator actions via a self-learning system in a cost-effective cloud delivery approach. BlackFin Capital Partners, Coalition, DN Capital, Picus Capital and Sands Capital Ventures led the firm’s recent Series B funding round, which raised €15.8M.

CHOOOSE

Location: Oslo, Norway
Launch date: 2018
Funding Round: Series A €14M
Funding Source: Amadeus Ventures, Contrarian Ventures, GenZero, Shell Ventures, Sound Ventures, Vinyl Capital
Total funding received: €25M

Launched in Oslo in 2018, CHOOOSE is the leading platform for integrating climate action wherever you meet your customers. Their APIs and software enable climate offsetting at the point of sale, in-app or wherever your customers interact with you. They provide everything you need to integrate climate action into your customer experience. Their platform has hundreds of verified, pre-screened climate solutions ready to be integrated into a variety of climate initiatives. In its latest Series A funding round, the company raised €14M from Amadeus Ventures, Contrarian Ventures, GenZero, Shell Ventures, Sound Ventures and Vinyl Capital.

Hotelmize

Location: London, United Kingdom
Launch date: 2016
Funding Round: Series B €11.2M
Funding Source: Flashpoint, Investible
Total funding received: €15.3M

Hotelmize is a machine learning-powered platform that uses big data research to optimise the pricing and booking of hotel rooms. Their solution uses big data technology and machine learning approaches to create cutting-edge pricing prediction and efficiency algorithms, enabling their clients to optimise revenue. The firm was founded in London in 2016 and recently raised €11.2M in Series B investment from Flashpoint and Investible.

Inflow

Location: London, United Kingdom
Launch date: 2020
Funding Round: Series A €10.3M
Funding Source: Hoxton Ventures, Octopus Ventures, Route 66 Ventures
Total funding received: €13M

Launched in London in 2020, Inflow is creating a science-based digital programme for the treatment of ADHD. Neurodiverse people need treatment that is accessible, affordable, and effective, and Inflow is here to help. It aims to give people with ADHD the tools and support they need to reach their full potential. The company has just raised €10.3M in Series A funding led by Hoxton Ventures, Octopus Ventures and Route 66 Ventures.

Twinco Capital

Location: Alcobendas, Spain
Launch date: 2016
Funding Round: Series C €8.4M
Funding Source: Alma Mundi Ventures, Finch Capital, Quona Capital, Working Capital, Zubi Capital
Total funding received: €17.2M

Twinco Capital, based in Spain, offers suppliers large and small access to low-cost capital and helps buyers develop a competitive and socially responsible supply chain. They are the first firm to effectively introduce this type of supply chain financing, offering financing as soon as orders are placed. The company has just secured €8.4M in Series C investment from Alma Mundi Ventures, Finch Capital, Quona Capital, Working Capital and Zubi Capital.

Scaleup Finance

Location: Copenhagen, Denmark
Launch date: 2021
Funding Round: Seed €7.2M
Funding Source: CircleRock Capital, Clocktower Technology Ventures, Fin Capital, PROfounders Capital
Total funding received: €8.5M

Founded in Copenhagen in 2021, Scaleup Finance is a subscription-based financial management platform that aims to improve the management and administration of financial operations. With their finances under control, customers can focus on areas that add more value to their business. CircleRock Capital, Clocktower Technology Ventures, Fin Capital and PROfounders Capital have invested €7.2M in the company's seed round.

Apperio

Location: London, United Kingdom
Launch date: 2015
Funding Round: Venture round €6.5M
Funding Source: IQ Capital, Molten Ventures, Nextlaw Ventures, Notion Capital, Volution
Total funding received: €18.6M

UK-based Apperio helps in-house teams maintain control of their legal spending and build trust with external counsel by taking a collaborative rather than combative approach to legal spending management. Data is automatically collected, consistently formatted and easily made available for analysis to help clients make informed business decisions. Its unique strategy delivers real-time and historical data at the touch of a button, providing total cost certainty for both invoiced matters and ongoing legal spending. The firm has raised €6.5M in funding from IQ Capital, Molten Ventures, Nextlaw Ventures, Notion Capital and Volution.

hi.health

Location: Vienna, Austria
Launch date: 2018
Funding Round: Seed €6M
Funding Source: Calm/Storm Ventures, Fin Capital, Haymaker Ventures, Nina Capital, Speedinvest
Total funding received: €13M

Founded in Vienna in 2018, Hi.health is a modern approach to digitally organised personal healthcare, operating at the intersection of digital health, finance, and insurtech. It provides private health insurance holders with fast and secure access to healthcare bills via an app. Users can quickly submit their bills online and hi.health takes care of the rest, including processing, billing and customer service, ensuring a smooth user experience. The firm has raised a total of €6M in funding from Calm/Storm Ventures, Fin Capital, Haymaker Ventures, Nina Capital and Speedinvest.

Keyzy

Location: London, United Kingdom
Launch date: 2021
Funding Round: Seed €3.4M
Funding Source: Activum, Axeleo Capital, Global Founders Capital, Outward VC, Seed X Liechtenstein
Total funding received: €5.6M

Founded in London in 2021, Keyzy is a rent-to-own fintech/proptech that enables young professionals and first-time buyers to achieve homeownership. Keyzy's solution directly addresses the difficulty of saving for a deposit and obtaining a traditional mortgage by purchasing your dream home for you, renting it to you for a set period of time, converting up to 25% of your monthly payments towards a future deposit, and allowing you to buy the home at the original price paid, minus the deposit. Activum, Axeleo Capital, Global Founders Capital, Outward VC and Seed X Liechtenstein have invested a total of €3.4M in the firm.

Baobab

Location: Berlin, Germany
Launch date: 2021
Funding Round: Seed €3M
Funding Source: Augmentum Fintech, La Famiglia, Project A Ventures
Total funding received: €6.5M

Founded in Berlin in 2021, Baobab is a cyber insurance firm that uses technology, expertise, and insurance to protect businesses from cyber-attacks. Baobab's cyber insurance covers clients against cybercrime, forensic investigations and business interruption losses. Any cyber issue will be handled appropriately with their expertise before, during and after it occurs. Augmentum Fintech, La Famiglia and Project A Ventures contributed €3M to the recent seed round.

Kwara

Location: Berlin, Germany
Launch date: 2018
Funding Round: Seed €2.8M
Funding Source: Breega, DOB Equity, FINCA Ventures, Globivest, Mikko Salovaara, NGM Ventures, SoftBank Vision Fund Emerge Program, Willard Ahdritz
Total funding received: €6.6M

Kwara is a Berlin-based business that aims to transform credit unions into modern digital banks. They are deeply committed to advancing the financial cooperative movement, which is now improving the lives of hundreds of millions of people. Their mission is to help the world's 3Bn underserved people become financially empowered. The firm has raised €2.8M in seed funding from Breega, DOB Equity, FINCA Ventures, Globivest, Mikko Salovaara, NGM Ventures, SoftBank Vision Fund Emerge Program and Willard Ahdritz.

GoodVision

Location: London, United Kingdom
Launch date: 2017
Funding Round: Venture round €2.7M
Funding Source: Credo Ventures, Lead Ventures, Sofia Angels Ventures
Total funding received: €3.7M

Founded in London in 2017, GoodVision enables traffic surveyors and modellers to increase their traffic data analytics productivity. Their product, Video Insights, is the ultimate B2B SaaS traffic analytics platform that automates the collection of traffic data from existing camera infrastructure and provides deep traffic analytics for traffic model calibration. GoodVision captures traffic insights from road activity as reusable digital data and enables collaboration to access critical traffic statistics in a fully interactive way. Credo Ventures, Lead Ventures and Sofia Angels Ventures have just invested €2.7M in the business.

SLAY

Location: Berlin, Germany
Launch date: 2022
Funding Round: Pre-seed €2.5M
Funding Source: Accel, Alex Pall, Harry Stebbings, Ilkka Paananen, Kevin Weil
Total funding received: €5M

SLAY is a social gaming startup founded in Berlin in 2022 to spread love and kindness in a fun way. Their software is designed to be humorous and fun, while still making a good first impression. Everyone has the right to feel safe online, and users share love and acceptance regardless of their background or identity. Accel, Alex Pall, Harry Stebbings, Ilkka Paananen and Kevin Weil invested €2.5M in the firm's pre-seed round.

Kuai Commerce

Location: London, United Kingdom
Launch date: 2022
Funding Round: Pre-seed €2.2M
Funding Source: David Lloyd, Haatch, Joshua Stevens, Playfair Capital, Portfolio Ventures, Unbundled VC, Will Neale
Total funding received: €2.2M

Founded in London in 2022, Kuai Commerce is a next-generation solution for ambitious companies looking to penetrate China's e-commerce industry and sell directly to Gen Z customers via social commerce. Their technology-enabled services provide market entry and brand acceleration options for developing category leaders who would otherwise find China's complexities prohibitively difficult. They have just raised €2.2M in pre-seed funding from David Lloyd, Haatch, Joshua Stevens, Playfair Capital, Portfolio Ventures, Unbundled VC and Will Neale.

BibeCoffee

Location: Athens, Greece
Launch date: 2019
Funding Round: Seed €2.1M
Funding Source: Eleven Ventures, Uni.Fund, VentureFriends
Total funding received: €4M

Founded in Athens in 2019, BibeCoffee is a real-time IoT remote management and monitoring solution that turns any professional coffee machine into a smart connected terminal, eliminating revenue loss and protecting the brand's quality image. The company has raised a total of €2.1M in its seed funding round led by Eleven Ventures, Uni.Fund and VentureFriends.

Superlayer

Location: London, United Kingdom
Launch date: 2021
Funding Round: Pre-seed €1.2M
Funding Source: Accel Starters, Charles Delingpole, Christer Holloman, Concept Ventures, Exor Seeds, Luca Ascani, Notion Capital, TriplePoint Ventures, Will Neale
Total funding received: €1.2M

Founded in London in 2021, Superlayer is a SaaS that empowers sales teams with the best tools for success, including pipeline management, conversation intelligence, team coaching and productivity tools. Accel Starters, Charles Delingpole, Christer Holloman, Concept Ventures, Exor Seeds, Luca Ascani, Notion Capital, TriplePoint Ventures and Will Neale led a €1.2M pre-seed funding round for the firm.

Greenspark

Location: London, United Kingdom
Launch date: 2020
Funding Round: Seed €1.1M
Funding Source: 1818 Venture Capital, Anthemis Group, BBVA, Capital Pilot, Fuel Ventures, Great Stuff Ventures, Perivoli Innovations, Pitchdrive, QC·VENTURES, Zone2boost
Total funding received: €1.1M

Founded in the UK, Greenspark provides organisations with the tools to maximise their positive impact. Its Impact-as-a-Service platform enables companies to make a good impact at key business touchpoints, measure it in an easy-to-digest format and successfully communicate it to their customer base, website visitors and key stakeholders. In its latest seed round, the firm raised €1.1M from 1818 Venture Capital, Anthemis Group, BBVA, Capital Pilot, Fuel Ventures, Great Stuff Ventures, Perivoli Innovations, Pitchdrive, QC VENTURES and Zone2boost.

ALPHS

Location: Milan, Italy
Launch date: 2021
Funding Round: Seed €560K
Funding Source: Asymmetry Ventures, NXTP Ventures, Techstars, VentureFriends, Y Combinator
Total funding received: €650K

Founded in Milan in 2021, ALPHS is a fast-growing lifestyle company that designs, manufactures and sells high-end creative diamond products. To ensure authenticity, its legitimate items are only offered through its official website, which goes live during major festivals, and buyers are only allowed to purchase for one week, so they sell out quickly. The firm has just raised €650K in a seed round led by Asymmetry Ventures, NXTP Ventures, Techstars, VentureFriends and Y Combinator.

INTERATEC

Location: Karlsruhe, Germany
Launch date: 2014
Funding Round: Venture round
Funding Source: ENGIE New Ventures, FO Holding, High-Tech Grunderfonds, Honda Motor, MPC Capital, Planet A Ventures, Safran Corporate Ventures
Total funding received: €20M

Founded in Germany in 2014, INERATEC offers a wide range of solutions, from pilot applications to chemical plants. They make sustainable, CO2-neutral and cost-effective fuels, gas-to-liquid, power-to-gas and power-to-liquid applications available to everyone. They produce reactors that are ideal for various renewable energy applications. The startup has just raised an undisclosed amount of funding from ENGIE New Ventures, FO Holding, High-Tech Grunderfonds, Honda Motor, MPC Capital, Planet A Ventures and Safran Corporate Ventures.

Seidr

Location: Stockholm, Sweden
Launch date: 2023
Funding Round: Seed
Funding Source: Andreessen Horowitz
Total funding received: 

Founded in Stockholm in 2023, Seidr is a collective of Swedish gaming veterans dedicated to creating the next generation of intense multiplayer experiences for PC and console. They are currently working on an unannounced game project that lives at the intersection of action, strategy, and social. The firm has just raised an undisclosed amount of funding from Andreessen Horowitz.

Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase

Related Posts:

TOP European Funding Rounds Closed In December 2022 (Paweł Pliszka, Editor, Vestbee)

TOP European Funding Rounds Closed In November 2022 (Paweł Pliszka, Editor, Vestbee)

TOP European Funding Rounds Closed In October 2022 (Konrad Koncerewicz, Head of VC & Startups, Vestbee)



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