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13 September 2023·24 min read

Katarzyna Skoneczna

Editor, Vestbee

TOP European Funding Rounds Closed In August 2023

August presents yet another surge of technological advancements with the new batch of startups who managed to get investors’ attention. In a previous article, we introduced startups from Central and Eastern Europe that successfully secured funding. Let’s dive into the batch of the top 50 European funding rounds in August!

GoStudent

Location: Vienna, Austria
Launch date: 2016
Funding Round: Series undisclosed, € 87.4M 
Funding Source: Coatue, DN Capital, DST Global, Left Lane Capital, Prosus & Naspers, SoftBank Vision Fund, Tencent
Total funding received: € 718.7M

GoStudent is a tutor marketplace. The company acquired the Germany-based traditional tutoring company, Studienkreis, last year. This edtech unicorn, with an estimated valuation of €3 billion, plans to introduce hybrid learning solutions to the DACH region. Backed by investors including Coatue, Deutsche Bank, DN Capital, DST Global, Left Lane Capital, Prosus & Naspers, SoftBank Vision Fund, and Tencent, the late-stage company recently concluded a series that raised a total of €87.4 million.

DICE

Location: London
Launch date: 2014
Funding Round: Series undisclosed, € 60M 
Funding Source: Ahdritz Holding, Exor Ventures, Mirabaud Asset Management, MUSIC, Structural Capital
Total funding received: € 183.9M

DICE is a music ticketing platform based in London that recently secured €60 million. This capital will drive the startup’s expansion into new countries, facilitating partnerships such as those established with London's Alexandra Palace and the Institute of Contemporary Arts. The company boasts support from Ahdritz Holding, Exor Ventures, Mirabaud Asset Management, MUSIC, and Structural Capital.

Schüttflix

Location: London, UK
Launch date: 2018
Funding Round: Series undisclosed, € 45M
Funding Source: DEVK, FJ Labs, Goldbeck, IK Umwelt Krefeld, Strabag, The Hagedorn Group
Total funding received: € 105.2M

Schüttflix stands is a marketplace and delivery platform specialising in bulk construction supplies (e.g sand, crushed rock, and gravel). Their platform serves as a link between construction companies, building material suppliers and waste disposal organisations. Schüttflix recently secured €45 million. With a mission to enhance efficiency within the construction sector through forward-thinking solutions, the company works to reduce waste and emissions. Schüttflix is backed by DEVK, FJ Labs, Goldbeck, IK Umwelt Krefeld, Strabag and the Hagedorn Group.

Lightcast Discovery

Location: Cambridge, UK
Launch date: 2019
Funding Round: Series B, € 44.3M
Funding Source: +ND Capital, ARCH Venture Partners, Illumina Ventures, Longwall Venture, M Ventures, OMX Ventures
Total funding received: € 45.8M

Lightcast is modernising single-cell functional analysis with a flexible droplet-based platform enabling simultaneous processing and analysis of numerous cells. Unlike standard microfluidic methods, it offers unmatched flexibility for diverse cell types and assays, along with precise control over droplet characteristics. The recent €44.3M Series B funding, secured with support of +ND Capital, ARCH Venture Partners, Illumina Ventures, Longwall Venture, M Ventures and OMX Ventures empowers Lightcast to drive drug discovery. 

Chemify

Location: Glasgow, UK
Launch date: 2019
Funding Round: Series A, € 41.9M
Funding Source: Alix Ventures, BlueYard Capital, Eos, Horizons Ventures, Possible Ventures, Rocketship.vc, Triatomic Capital
Total funding received:  € 41.9M

Chemistry pioneer Chemify has secured € 41.9M to make complex molecules on demand. The company integrates automated synthetic hardware with digital XDL code, enabling the conversion of code into molecules on-demand. Chemify designed a modular, scalable, and easily trainable system to revolutionise chemical and material discovery, as well as manufacturing processes. The company secured its Series A funding with Alix Ventures, BlueYard Capital, Eos, Horizons Ventures, Possible Ventures, Rocketship.vc and Triatomic Capital on board. 

ENOUGH

Location: Glasgow, UK
Launch date: 2015
Funding Round: Series C, € 40M
Funding Source: 280ppm, AXA Investment Managers, CPT Capital, Olympic Investments, Scottish Enterprise, Tailored Solutions Wealth Management, World Fund
Total funding received:  € 112M

ENOUGH is a food tech startup developing novel patented technology to produce protein. The startup has already created partnerships with Unilever, Marks & Spencer (MKS.L) and has recently raised 40 million euros in its Series C. The company ferments fungi to produce protein for plant-based chicken, mince and dairy products. The secured funding will accelerate the startup's further growth. The company is backed by 280ppm, AXA Investment Managers, CPT Capital, Olympic Investments, Scottish Enterprise, Tailored Solutions Wealth Management and World Fund.

Meatable

Location: Delft, Netherlands
Launch date: 2018
Funding Round: Series B, € 31M
Funding Source: Agronomics, BlueYard Capital, Bridford Group, DSM Venturing, Invest-NL, Milky Way Ventures
Total funding received:  € 89.3M

Meatable, a food tech startup that manufactures meat using stem cell technology. By harnessing the power of pluripotent stem cells, Meatable's eliminates the need to harm animals and offers consumers sustainable alternatives. Agronomics led the new investment round and was joined byBlueYard Capital, Bridford Group, DSM Venturing, Milky Way Ventures and Invest-NL. The new funding will help Meatable, which is still pre-revenue, to accelerate commercialization of its first products.

deepset

Location: Berlin, Germany 
Launch date: 2018
Funding Round: Series B, € 27M
Funding Source: Balderton Capital, Google Ventures, Harpoon, Lunar Ventures, System.One
Total funding received:  € 41.7M

Deepset is a platform using NLP and open-source technology to utilise question answering and transfer learning to deliver highly precise and contextually relevant search results. The funding secured in a recent series B will be put toward expanding Deepset’s products and growing its team from around 50 people to 75 by the end of the year.The startup is backed by Balderton Capital, Google Ventures, Harpoon, Lunar Ventures and System.One. 

ZetaChain

Location: Us, France
Launch date: 2021
Funding Round: Series A, € 24.8M
Funding Source: Blockchain.com, CMT Digital Ventures, Foundation Capital, GSR Ventures, Human Capital, Jane Street Capital, Krust, Kudasai, Lingfeng Capital, Sky9 Capital, VistaLabs, Vy Capital
Total funding received:  € 41.7M

ZetaChain’s vision is to create a seamless and secure crypto environment that welcomes more consumers and developers to experience benefits of cryptocurrency without any obstacles. ZetaChain provides standardised interoperability between networks, enabling non-smart contract chains to interact with the wider decentralised finance ecosystem. Their recent funding round has been closed with a secured capital of € 24.8M. ZetaChain is backed by Blockchain.com, CMT Digital Ventures, Foundation Capital, GSR Ventures, Human Capital, Jane Street Capital, Krust, Kudasai, Lingfeng Capital, Sky9 Capital, VistaLabs, and Vy Capital.

DRUID

Location: Bucharest, Romania
Launch date: 2018
Funding Round: Series B, € 22.1M
Funding Source: Endeavor, Gapminder VC, Hoxton Ventures, Karma Ventures, Smedvig Capital, TQ Ventures, Verve Ventures
Total funding received:  € 41.1M

DRUID is a no-code platform that empowers businesses to develop, implement, and expand Conversational AI to create and deploy exceptional experiences for both internal and external users through interactions and business process automation. Their intelligent virtual assistants enable rapid, personalised, and hyper-automated interactions across various channels. The company has now raised € 22.1M in its series B and is backed by Endeavor, Gapminder VC, Hoxton Ventures, Karma Ventures, Smedvig Capital, TQ Ventures and Verve Ventures.

Kraftblock

Location: Sulzbach, Germany
Launch date: 2014
Funding Round: Series B, € 20M
Funding Source: A&G Energy Transition Tech Fund, Finindus, Future Industry Ventures, Moore Strategic Ventures, Redstone, Shell Ventures, TechEnergy Ventures
Total funding received:  € 25.5M

Kraftbock is a German climate tech startup developing thermal storage technology that can be used in sectors ranging from food and chemicals to paper, ceramic, and steel. Recently, the company secured €20 million in Series B, with support from Shell Ventures, Finindus, Moore Strategic Ventures, A&G Energy Transition Tech Fund, TechEnergy Ventures, and Future Industry Ventures.

Aily Labs

Location: Barcelona, Spain
Launch date: 2020
Funding Round: Series A, € 19M
Funding Source: Insight Partners
Total funding received:  € 19M

Aily Labs develops digital artificial intelligence products. The company collaborates with pharmaceutical and healthcare companies, generating data-driven insights for more cost-effective sites for clinical trials, optimising manufacturing processes, and proactively identifying potential supply inventory challenges. Aily Labs utilises a combination of AI models to design products that improve productivity, efficiency, and generate cost savings for its clients. The startup has closed its series A with Insight Partners’ funding, amounting to € 19M.

Lindus Health

Location: London, UK
Launch date: 2021
Funding Round: Series A, € 16.5M
Funding Source: Amino Collective, Calm/Storm Ventures, Creandum, Firstminute Capital, Hambro Perks, Page One Ventures, Seedcamp
Total funding received:  € 22.6M

Lindus has developed a tool that is currently in the proof-of-concept stage. Lindus' solution, backed by Amino Collective, Calm/Storm Ventures, Creandum, Firstminute Capital, Hambro Perks, Page One Ventures and Seedcamp, is designed to generate an initial draft protocol for clinical trials using a limited set of inputs. The company then utilises a separate model trained on public data from ScanMedicine to identify trial risks and provide recommendations for enhancing the trial. The company has secured € 16.5M in its recent Series A. 

Phasecraft

Location: London, UK
Launch date: 2021
Funding Round: Series A, € 15.1M
Funding Source: AlbionVC, Episode 1, London Co-Investment Fund, Parkwalk Advisors, Playground Global, UCL Technology Fund
Total funding received:  € 20.3M

Phasecraft is accelerating the practical implementation of quantum computing. The company's current goal is to enhance the discovery of new materials crucial for the advancement of clean energy, as classical computing falls short in capturing the fundamental attributes of many of these materials. Phasecraft has successfully secured Series A funding, with AlbionVC, Episode 1, London Co-Investment Fund, Parkwalk Advisors, Playground Global, and UCL Technology Fund on board. This funding will be allocated towards further expanding the company's team and advancing the development of quantum algorithms.

Zeelo

Location: London, UK
Launch date: 2016
Funding Round: Series A, € 12.9M
Funding Source: ETF Partners, InMotion Ventures, IREON Ventures, Angel Investors
Total funding received:  € 30.9M

Zeelo is a TransitTech startup that developed a mobility platform to support organisational operations. Their intelligent shuttle platform is crafted to facilitate commuting to workplaces and schools. The company has raised €12.9 million in a Series A extension funding round with IREON Ventures, Angel Investors, ETF Partners, and InMotion Ventures. Zeelo intends to expand sales efforts and its operations across the United States.

Anytype

Location: Berlin, Germany
Launch date: 2016
Funding Round: Series A, € 12.3M
Funding Source: Balderton Capital, Connect Ventures, Foreword Ventures, Inflection.xyz, New Forge, Protocol Labs, Script Capital, SquareOne Venture Capital, Angel Investors
Total funding received:  € 13.4M

The Berlin-based startup, Anytype, has successfully secured € 12.3M for its peer-to-peer, open-source tool, offering a secure repository for digital content. The company's software operates by maintaining data locally, enabling users to effectively manage their tasks online. This is achieved through the creation of dashboards and the ability to capture and organise ideas using various media types, including text and photos while upholding privacy standards. Anytype is backed by Balderton Capital, Connect Ventures, Foreword Ventures, Inflection.xyz, New Forge, Protocol Labs, Script Capital, SquareOne Venture Capital and Angel Investors.

Qualifyze

Location: Frankfurt, Germany
Launch date: 2019
Funding Round: Series undisclosed, € 11.1M
Funding Source: H14, HarbourVest Partners, HV Capital, Rheingau Founders
Total funding received:  € 29.3M

Qualifyze, based in Frankfurt, connects customers, suppliers, and auditors, converting raw audit data into insights. Their global network of over 200 expert auditors and a database of 2,000+ suppliers positions them as the leading provider in GxP audit data for pharmaceutical supply chains. Existing investors, HV Capital and Rheingau Founders, as well as new investors, HarbourVest Partners and H14, participated in the recent series, supporting the startup with the total amount of  € 11.1M.

Embla

Location: Copenhagen, Denmark
Launch date: 2021
Funding Round: Series A, € 10M
Funding Source: Crowberry Capital, Founders, Inovo VC, Seed Capital, VentureFriends
Total funding received:  € 29.3M

Embla treats weight loss using prescription drugs and coaching online. The company raised €10 million in a Series A round led by Danish Seed Capital and Polish Inovo VC to expand to the UK. The company provides digital access to doctors, personalised coaching, and prescribes GLP-1 drugs. Embla’s approach brought impressive weight loss results while reducing medication usage by 59%. 

Matter.

Location: Bristol, UK
Launch date: 2021
Funding Round: Series A, € 9.2M
Funding Source: Katapult Ocean, Regeneration.VC, S2G Ventures, Sound Ventures
Total funding received:  € 10M

Matter is a tech startup based in Bristol, focused on innovative technology solutions for capturing, harvesting, and recycling microplastics to tackle pollution. Their goal is to stop microplastic contamination from its source, whether it's in homes, businesses, or industries. The company has secured capital from Katapult Ocean, Regeneration.VC, S2G Ventures, and Sound Ventures, raising €9.2 million in their recent Series A funding round.

Apica.

Location: Stockholm, Sweden 
Launch date: 2005
Funding Round: Series undisclosed, € 9.2M
Funding Source: Industrifonden, Oxx, SEB Venture Capital
Total funding received:  € 42.6M

Apica specialises in optimising cloud and mobile app performance. Their WebExcellence Suite offers easy-to-use, cloud-based tools for load testing and web performance monitoring. They recently secured $5 million in Series C funding, led by SEB Venture Capital, with support from existing investors, Industrifonden and Oxx. These funds will be used for product development and expanding services, especially in the United States. 

Mercanis

Location: Berlin, Germany
Launch date: 2020
Funding Round: Seed, € 9.2M
Funding Source: DI Technology, Signals Venture Capital, Speedinvest, Angel Investors
Total funding received: € 9.2M

Mercanis, a Berlin-based procurement solutions startup, has secured€ 9.2M in a Seed round to support ongoing research and development for its AI-powered procurement platform. Their products leverage data insights and AI to streamline purchasing decisions and interactions with service providers. Mercanis stands out with its use of large language models for contract analysis and autonomous sourcing, making procurement more efficient and data-driven.

ACCURE Battery Intelligence

Location: Aachen, Germany
Launch date: 2020
Funding Round: Series A, € 7.2M
Funding Source: Blue Bear Capital, Capnamic Ventures, HSBC Asset Management, Riverstone Holdings
Total funding received: € 17.1M

Accure specialises in battery analytics, using AI-driven solutions to monitor battery health and safety throughout its lifespan. They recently secured € 7.2 million for global expansion, led by Blue Bear Capital and HSBC Asset Management, with participation from existing investors, Riverstone Ventures and Capnamic Ventures. Accure is currently testing its battery monitoring system with Berlin's public transport company BVG.

sewts

Location: Grching, Germany
Launch date: 2019
Funding Round: Series A, € 7M
Funding Source: APEX Ventures, Bayern Kapital, CNB Capital, Emerald Technology Ventures, EquityPitcher Ventures, High-Tech Grunderfonds, Nabtesco Technology Ventures
Total funding received: € 7M

Munich-based sewts, specialises in perception software for robotics, particularly in handling deformable materials. Their technology uses simulations to train machine learning algorithms efficiently. Backed by investors including Emerald Technology Ventures and Bayern Kapital, they recently raised €7 million in a series A. sewts' focus is on automating the handling of textiles, a challenge for traditional robots. They aim to make robotic handling of soft materials, like textiles, a reality, and plan to expand internationally, including the e-commerce clothing return processing market.

Collective Minds Radiology

Location: Stockholm, Sweden
Launch date: 2017
Funding Round: Series undisclosed, € 7M
Funding Source: Brightly Ventures, Crista Galli Ventures, Segulah Medical Acceleration, Tradecity
Total funding received: € 13.2

Collective Minds Radiology, a Swedish health-tech company, has secured € 7M in its recent series. Their mission is to create a vast platform for healthcare collaboration. Collective Minds Radiology focuses on medical imaging and radiology, offering a cloud-based platform for secure data sharing, analysis, education, and research among healthcare professionals. This funding will accelerate the expansion of their platform to enhance the quality of healthcare. The company is backed by Brightly Ventures, Crista Galli Ventures, Segulah Medical Acceleration and Tradecity. 

Efficient Energy Technology

Location: Graz, Austria
Launch date: 2017
Funding Round: Series A, € 6.5M
Funding Source: Junction Growth Investors, Statkraft Ventures, Angel Investors
Total funding received: € 6.5M

Efficient Energy Technology is on a mission to simplify, ensure safety, and provide reliability in renewable energy solutions for all. The company specialises in creating compact power plants that combine photovoltaic and storage options, making them suitable for easy self-installation.With €6.5 million in secured funding, their vision is supported by Junction Growth Investors, Statkraft Ventures, and Angel Investors.  

Neotaste

Location: Osnabrück, Germany
Launch date: 2021
Funding Round: Series A, €5.9M
Funding Source: Burda Principal Investments, Angel Investors
Total funding received: €5.9M

Neotaste is the restaurant-finding app that offers complimentary marketing services for restaurant owners. Based in Osnabrück, Germany, Neotaste has recently raised €5.9 million in a Series A. This infusion of capital will support their expansion into international markets, and the introduction of fresh products and services on their platform. The company is backed by Burda Principal Investments and Angel Investors.

Orbital

Location: London, UK
Launch date: 2017
Funding Round: Series undisclosed, €5.8M
Funding Source: Golden Record Ventures, GSR Ventures, Luminous Futures, New Form Capital, Psalion VC
Total funding received: €5.8M

London-based fintech Orbital is on a mission to bridge traditional finance with digital assets for global enterprises. Their platform offers a wide range of financial services, including multi-currency IBAN accounts, international payments, crypto capabilities, all accessible through a single interface. Orbital secured €5.8 million in a series led by Golden Record Ventures.

Translucent

Location: London, UK
Launch date: 2022
Funding Round: Seed, €5.8M
Funding Source: Chalfen Ventures, LocalGlobe, Angel Investors
Total funding received: €7.1M

Translucent streamlines accounting for multinational and multi-entity companies, enabling them to consolidate financial data and processes while integrating with popular accounting software like Xero, Quickbooks, and Sage. The company recently raised €5.8 million with support from Chalfen Ventures, LocalGlobe, and Angel Investors. 

Novatron

Location: Stockholm, Sweden
Launch date: 2022
Funding Round: Seed, €5M
Funding Source: Climentum Capital, Industrifonden, InnoEnergy, KTH Holding, Santander Climate Tech Fund
Total funding received: €8M

Novatron is a Swedish startup in fusion energy that has secured €5 million in a seed funding round led by Climentum Capital, with support from Industrifonden, Santander InnoEnergy Climate Fund, KTH Holding, and EIT InnoEnergy. The company is working to design commercial fusion reactors by 2040, aiming to provide emission-free, dependable, and cost-effective energy to address global energy needs and climate change concerns.

Sereact

Location: Stuttgart, Germany
Launch date: 2022
Funding Round: Seed, €4.6M
Funding Source: Air Street Capital, Point Nine, Angel Investors
Total funding received: €4.6M

Sereact recently secured €4.6M in seed round led by Point Nine and Air Street Capital. Sereact's flagship product, PickGPT, empowers robots with natural language understanding and advanced perception. Sereact aims to make robotics accessible to non-technical users through a simple chatbot interface, transforming automation in warehouses and manufacturing.

Odore

Location: London, UK
Launch date: 2018
Funding Round: Seed, €4.5M
Funding Source: Blackfinch Ventures, Fuel Ventures, SFC Capital
Total funding received: €6.9M

London-based Odore has raised €4.5M in Seed round to empower direct-to-consumer brands in streamlining their marketing efforts. Odore developed a customer engagement platform that enhances brand-customer interactions across various online channels. It serves D2C brands by centralising operations, offering personalised marketing, and connecting physical and digital efforts. The company is already serving clients such as L’Oreal Group, Dior, LVMH, and Shiseido.

Kamma

Location: London, UK
Launch date: 2015
Funding Round: Series undisclosed, €4.1M
Funding Source: Clean Growth Fund, Kiilto Ventures, Pi Labs, The Conduit Connect, Triple Point Ventures
Total funding received: €6.6M

London-based Kamma aggregates, cleans, and maps Property Licensing data in real time. The company offers solutions to various PRS stakeholders, including Letting Agents, Surveyors, Insurance Providers, Debt Collectors, and Mortgage Lenders. Kamma recently secured €4.1M in a series led by Clean Growth Fund, with participation from Triple Point, Pi Labs, Conduit EIS Impact Fund, and Kiilto Ventures. Kamma’s aim is to optimise routes for achieving Net Zero in the UK property sector, and their clients include CBRE, JLL, Knight Frank, Foxtons, LendInvest, and Gresham House.

SureIn

Location: Berlin, Germany
Launch date: 2021
Funding Round: Seed, €4M
Funding Source: Atlantic Labs, PactVC, Sequoia Arc, Vincenz Klemm, xdeck, Angel Investors
Total funding received: €4M

Berlin-based insurtech startup SureIn is simplifying business insurance with user-friendly software. SureIn provides tailored insurance solutions for small and medium-sized businesses, offering features like risk monitoring and centralised contact management. SureIn raised €4 million in a Seed round led by Pact VC, with participation from investors, including xDeck, Warrick Shanly, Robin Haak, and fintech and insurtech angels. This investment will help automate their products and expand into healthcare and pension plans for various sectors, with previous support from entities like Sequoia Capital's Arc and Atlantic Labs.

Borderless

Location: London, UK
Launch date: 2021
Funding Round: Seed, €2.9M
Funding Source: BACKED VC, Tiny VC, Angel Investors
Total funding received: €2.9M

Borderless is a workforce migration platform streamlining the hiring and onboarding of foreign workers, covering recruitment, immigration, relocation, and compliance. They recently secured €2.9M in seed round led by Backed VC, with participation from Tiny VC and Angel Investors. This funding will support the company's expansion efforts.

Communion

Location: London, UK
Launch date: 2023
Funding Round: Pre–seed, €2.9M
Funding Source: Target Global, Uncommon Creative Studio
Total funding received: €2.9M

Communion offers a simple savings account with a 3.66% AER, combined with a financial education app for iPhone users (Android version in development). The company recently secured €2.9M in a pre-seed funding round led by Target Global, with participation from Angel Investors. 

coachbetter

Location: Zurich, Switzelrand
Launch date: 2018
Funding Round: Seed, €2.6M
Funding Source: Brighteye Ventures, Swiss Founders Fund, Zen11 Holdings, Angel Investors
Total funding received: €2.6M

SportTech startup Coachbetter is transforming soccer coaching with its digital marketplace. The company secured €2.6M in Seed-Plus funding led by Brighteye Ventures and ZEN11Holding, with Angel Investors participating. Coachbetter's integrated SaaS platform supports coaches, players, clubs, and associations with session planning, player development, video analysis, and communication tools. Their clients include Borussia Dortmund and the Austrian and Welsh Football Federation. 

AssetCool

Location: London, UK
Launch date: 2016
Funding Round: Series A, €2.6M
Funding Source: Kero Development Partners, Northern Gritstone, Northern Powerhouse Investment Fund
Total funding received: €2.6M

AssetCool is a thermal meta photonics company, advancing electrical networks with innovative photonic coatings and materials. They specialise in developing durable coatings that cool overhead power lines, reducing energy losses, costs, and emissions. AssetCool has raised €2.6M in a Series A. The company is backed by Kero Development Partners, Northern Gritstone and Northern Powerhouse Investment Fund.

Supportwave

Location: London, UK
Launch date: 2019
Funding Round: Seed, €2M
Funding Source: Big Sur Ventures, Fuel Ventures, High-Tech Grunderfonds
Total funding received: €2.6M

Supportwave is a London-based IT service company, connecting businesses with on-demand IT specialists. Their platform offers access to a global Talent Cloud of vetted IT engineers and Enterprise SAAS tools, creating a virtual IT department. Businesses can quickly build remote IT teams or hire talent for long-term contracts. They recently raised €2M

in seed funding from backers like High-Tech Gründerfonds, Big Sur Ventures, and Fuel Ventures.

Zibra AI

Location: Kyiv, Ukraine
Launch date: 20
Funding Round: Seed, €463K
Funding Source: Andreessen Horowitz, MetaVision International
Total funding received: €2M

Zibra AI is a Ukrainian tech company with the aim to modernise 3D content creation for virtual worlds using Generative AI. The company recently secured €463K from Andreessen Horowitz, with plans to expand their team and advance their AI technology. Zibra AI's platform is already trusted by over 85,000 developers for creating 3D assets in games and virtual environments.

Northvolt

Location: Stockholm, Sweden 
Launch date: 2016
Funding Round: €1.1B
Funding Source: BlackRock, Canada Pension Plan Investment Board, Investment Management Corporation of Ontario, OMERS Private Equity
Total funding received: €8B

Northvolt, a Swedish lithium-ion battery producer, has raised €1.1B from investors including BlackRock. The company focuses on sustainable battery development, with a minimal carbon footprint and recycling technology, supporting the transition to clean energy and electric vehicles.

Poolside

Location: Paris, France
Launch date: 2023
Funding Round: Seed, €92.7M
Funding Source: Felicis, Angel Investors
Total funding received: €92.7M

Poolside AI, has raised €92.7M in seed funding round, with capital added to a previously announced €24.1M seed round. Investors include Felicis Ventures and Angel Investors. Poolside AI is developing an AI model, similar to ChatGPT, focused on generating code for applications using plain language. Their technology combines code and natural language data to simplify software development.

Bactolife

Location: Lyngby, Denmark
Launch date: 2017
Funding Round: Series A, €30M
Funding Source: ATHOS, Bill & Melinda Gates Foundation, Novo Holdings
Total funding received: €43 M

Danish biotech company Bactolife is dedicated to combating antimicrobial resistance by developing innovative solutions. Their approach involves reducing virulence in pathogens, making them incapable of causing active infections, thus lowering the risk of disease. Bactolife specialises in creating Binding Proteins that enhance the gut microbiome in humans and animals. The recent funding round, amounting to €30, was led by Athos and included support from the Bill & Melinda Gates Foundation, as well as existing investors like Novo Holdings. 

Theolytics

Location: Oxford, UK
Launch date: 2017
Funding Round: Series A, €25.8M
Funding Source: Epidarex Capital, M Ventures, Oxford Science Enterprises, Taiho Ventures, University of Oxford
Total funding received: €35.3M

Theolytics is a clinical-stage biotechnology company focused on utilising viruses to combat diseases. Their approach in the field of adenoviral therapy involves a phenotypic screening platform that enables the discovery and development of targeted candidates optimised for intravenous delivery, specifically tailored to a chosen patient population.The company is actively advancing its internal pipeline of programs, addressing both solid and liquid tumours. The company secured €25.8M and is backed by Epidarex Capital, M Ventures, Oxford Science Enterprises, Taiho Ventures and University of Oxford.

Bind-X

Location: Planegg, Germany
Launch date: 2013
Funding Round: Series B, €10M
Funding Source: Greeneering Invest, HG Ventures, High-Tech Grunderfonds, K&K 1, Saxovent, Vantage Value
Total funding received: €10M

Bind-X is an biotechnology company specialising in designing industrial applications of biotechnology, dedicated to enhancing the sustainability of organisations through the optimization of biotechnological processes. Recently, the company secured €10 million from investors such as HG Ventures, K&K 1, Greeneering Invest, and Saxovent. Bind-X's growth strategy centres around developing products for alternative weed control in agriculture, implementing biological dust suppression in the mining sector, and reducing bitumen usage in road construction.

HOLOGATE

Location: Munich, Germany
Launch date: 2017
Funding Round: Series A, €8.3M
Funding Source: Bolero Holdings, Cherry Ventures, Vester Partners
Total funding received: €8.3M

Munich-based HOLOGATE is a virtual reality and immersive media company. The company raised €8.3 million in a Series A funding round to expand globally, with a focus on Europe and North America. HOLOGATE operates the world's largest location-based VR network, offering interactive experiences with popular IPs like Ghostbusters and Angry Birds, entertaining over 18 million players.

Made on Earth Games

Location: Limassol, Cyprus
Launch date: 2021
Funding Round: Seed, €3M
Funding Source: GEM Capital, Heracles Capital, Raga Partners, The Games Fund
Total funding received: €3M

Made on Earth Games is a mobile game development company, focused on creating high-quality mobile games with engaging gameplay and modern technology. They recently raised €3M in seed funding round for their 4X strategy game, Everbright, known for its accessibility, diverse representation, and unique art style. The funding was led by Gem Capital, with participation from other investors. Founders Yuriy Krasilnikov and Alexey Ilin have extensive experience in the gaming industry.

Wirelane

Location: Munich, Germany
Launch date: 2016
Funding Round: Series undisclosed, €11M
Funding Source: ABACON CAPITAL, DC Ventures, High-Tech Grunderfonds, Kalexogy
Total funding received: €41 M

Wirelane is a Munich-based company specialising in sustainable mobility and electric vehicle charging solutions. They provide comprehensive services for charging infrastructure, including cutting-edge technology, digital management platforms, and installation services. Wirelane recently raised €11 million. The company is planning to expand its charging infrastructure across Germany. Wirelane is backed by  ABACON CAPITAL, DC Ventures, High-Tech Grunderfonds and Kalexogy.

AgileRL

Location: London, UK
Launch date: 2023
Funding Round: Pre-Seed, €1.7M
Funding Source: Counterview Capital, Octopus Ventures, Rockman Law
Total funding received: €1.7M

AgileRL created an enterprise-grade RLOps platform and open-source framework to remove entry barriers. AgileRL’s framework boasts 10x faster training and hyperparameter optimization compared to leading RL libraries. The company secured €1.7M in its pre-seed round and is backed by Counterview Capital, Octopus Ventures and Rockman Law.

Jabbr

Location: Copenhagen, Denmark
Launch date: 2021
Funding Round: Seed, €685K
Funding Source: Accelerace, PreSeed Ventures
Total funding received: €685K

Jabbr, based in Copenhagen, Denmark, offers a computer-vision AI system tailored for combat sports. The company has secured €685K from backers like PreSeed Ventures and  Accelerace. Their technology, DeepStrike, enhances the user experience in combat sports by analysing athletes' performance during fights and sparring sessions, providing analytical statistics on 50 parameters. It also generates individual highlight videos and transforms static camera footage into professional-looking productions. Jabbr plans to launch its public MVP in September.

11x.ai

Location: London, England
Launch date: 2022
Funding Round: Pre-seed, €1.9M
Funding Source: No Label Ventures, Project A Ventures, Tiny Ventures
Total funding received: €1.9M

11x.ai, based in London, England, specializes in creating automated digital workers that can perform tasks typically done by human employees. They've already developed an AI sales development representative called Alice and have future plans to introduce James, which will focus on automating talent acquisition, and Bob, designed to streamline human resources tasks in the coming years. Startup has recently secured €1.9M in its pre-seed round and is backed by No Label Ventures, Project A Ventures, Tiny Ventures, and individual investors.

 

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