In our last update, we showcased the raised rounds in Central and Eastern Europe. Shifting our focus to the broader European landscape, let’s explore the top 30 European startup funding rounds of December with us!
SumUp
Location: London, England
Launch date: 2011
Funding Round: Series Unknown, €285M
Funding Source: Bain Capital Tech Opportunities, FIN Capital, LIQUiDITY Group, Sixth Street
Total funding received: €2.2B
SumUp, a fintech startup, has raised €285M in a funding round led by Sixth Street Growth. The funding, with participants like Bain Capital Tech Opportunities, brings the total to over €2.28 billion, following an €8B valuation. SumUp enables businesses to accept card payments seamlessly with a secure and cost-effective EMV solution. The company provides proprietary hardware, mobile apps, and offer SDKs/APIs for third-party integration into mobile apps.
Mistral AI
Location: Paris, France
Launch date: 2023
Funding Round: Series A, €385M
Funding Source: Andreessen Horowitz, Lightspeed Venture Partners, BNP Paribas, CMA CGM Ventures, Conviction VCl, General Catalyst, La Famiglia, Salesforce, Angel Investors
Total funding received: €601M
Paris startup Mistral AI, founded by Meta and Google researchers seven months ago, recently raised €38M, valuing the company at over €1.8B. Specialising in AI technology for chatbots and online products, Mistral's valuation has surged sevenfold in six months. The company supports an open-source model. Mistral AI broke from convention, providing its Mistral 7B model as a free download for developers. While maintaining plans to monetize foundational models, the company launches a beta developer platform, allowing customers to pay for API access
Rivus
Location: Gothenburg, Sweden
Launch date: 2019
Funding Round: Seed, €525M
Funding Source: Navigator Private Capital, xista science ventures, EIT InnoEnergy
Total funding received: €525M
Climate tech startup Rivus Batteries receives a €525M capital boost from xista science ventures and NAVCAP, along with support from EIT InnoEnergy. The secured funding will scale up electrolyte production and deploy the first full-scale pilot batteries. Rivus aims to contribute to Europe's renewable energy transition by placing large batteries at solar and wind farms. The company also secures projects with the Swedish Energy Agency and participation in the Vinnova Deep Tech Accelerator Program.
Pragmatic Semiconductor
Location: Cambridge, United Kingdom
Launch date: 2010
Funding Round: Series D, €188.4M
Funding Source: Cambridge Innovation Capital, Latitude Partners, M&G Investments, MVolution Partners, Northern Gritstone, Prosperity7 Ventures, UK Infrastructure Bank
Total funding received: €356M
Pragmatic Semiconductor recently raised €188.4M in its Series D funding round. Specialising in ultra-low-cost flexible electronics, Pragmatic creates circuits thinner than human hair, ideal for discreet embedding in various objects. This funding will facilitate the construction of third and fourth fabrication lines at its Durham facility, focusing on 300mm wafer-based plastic chips. Over the next five years, Pragmatic aims to establish a total of eight manufacturing lines, catering to diverse applications.
Scalable Capital
Location: Munich, Germany
Launch date: 2014
Funding Round: Series E, €60M
Funding Source: Balderton Capital, HV Capital
Total funding received: €326M
Munich-based fintech startup Scalable Capital raises €60M in a round led by Balderton, with participation from HV Capital and undisclosed existing backers. The investment will fuel the expansion of its full-service brokerage platform across Germany, Austria, Italy, France, Spain, and the Netherlands. Despite its significant growth, Scalable Capital's valuation remains at $1.4 billion, the same as in its previous funding round in 2021.
Colonies
Location: Paris, France
Launch date: 2017
Funding Round: Series Unknown, €30M
Funding Source: Crédit Mutuel Impact, Allianz, Eurazeo
Total funding received: €221M
French startup Colonies has secured €30M from Crédit Mutuel Impact, Allianz and Eurazeo. Colonies aims to simplify the apartment-hunting process for young individuals. The platform offers private rooms with bathrooms, while communal living spaces like living rooms and kitchens are shared among 8 to 12 people.
Urban Sports Club
Location: Berlin, Germany
Launch date: 2012
Funding Round: Series Unknown, €95M
Funding Source: b2venture (formerly btov Partners), HV Capital, ProSiebenSat.1 Media, Verdane
Total funding received: €175M
Urban Sports Club, a sports and wellness platform, secured €95M in a funding round led by Verdane, along with participation from existing investors like HV Capital and ProSiebenSat1. The investment will fuel the acceleration of its B2B business across seven European markets and enhance the platform's features and member experience. The capital will also contribute to expanding the partner network, which currently includes over 11,000 venues offering various sports and wellness activities.
Qogita
Location: London, England
Launch date: 2021
Funding Round: Series B, €80M
Funding Source: Dawn Capital, Accel, Bessemer Venture Partners, LocalGlobe
Total funding received: €113M
Wholesale procurement platform Qogita raises €80M in Series B funding led by Dawn Capital. The platform simplifies wholesale purchasing for small and medium-sized retailers in the health and beauty sector, functioning like Amazon. With an algorithm-based system, Qogita optimises seller matches for cost-savings and efficiency. Operating across 28 countries, the platform manages the entire procurement process, including shipping and delivery.
Actility
Location: Paris, France
Launch date: 2021
Funding Round: Series Unknown, €16M
Funding Source: Bpifrance, Cisco, Eurazeo, Orange
Total funding received: €111M
Actility, a pioneer in Low Power Wide Area Networks (LPWAN), offers the ThingPark IoT platform with carrier-grade capabilities. The platform includes a diverse ecosystem, low-power wireless networks for sensors, an operating system, middleware for seamless web application connectivity, and a B2B e-commerce market. The company has raised €16M and is backed by Bpifrance, Cisco, Eurazeo, and Orange.
ecoworks
Location: Berlin, Germany
Launch date: 2018
Funding Round: Series A, €40M
Funding Source: World Fund, Haniel, ISAI Cap Venture, KOMPAS VC
Total funding received: €75.5M
Berlin's ecoworks secured €40M in a round led by World Fund, with participation from Haniel, KOMPAS VC, and ISAI. The funding reflects the surging demand for climate-neutral renovation in Europe. Specialising in energy-efficient building skin retrofitting, ecoworks has increased the value of apartment blocks by over 100%.
AutogenAI
Location: London, England
Launch date: 2022
Funding Round: Series B, €36.1M
Funding Source: Salesforce Ventures, Spark Capital, Blossom Capital
Total funding received: €56.4M
AutogenAI secured €36.1M in a round led by Salesforce Ventures and Spark Capital, with participation from Blossom Capital. AutogenAI uses AI to streamline and improve the efficiency of writing bids, tenders, and proposals for a diverse client base, including Fortune 500 companies, government agencies, consultancies, construction firms, and nonprofits. The funds will be used to enhance its bid-writing product suite.
Tacto
Location: Munich, Germany
Launch date: 2020
Funding Round: Series A, €50M
Funding Source: Index Ventures, Sequoia Capital, Cherry Ventures, UVC Partners, Visionaries Club
Total funding received: €56.3M
Germany-based Tacto secured €50M in a funding round led by Sequoia Capital and Index Ventures, with participation from existing investors. The funds will be used to accelerate product development and invest in AI to automate supplier workflows, ensure compliance, optimise material costs, and promote sustainable procurement. Tacto's AI-driven platform streamlines procurement workflows for mid-sized industrial organisations, automating manual tasks and ensuring regulatory compliance.
Keboola
Location: London, England
Launch date: 2017
Funding Round: Series A, €29.2M
Funding Source: Viking Global Investors, Presto Ventures, Reflex Capital, TCF Capital, Angel Investors
Total funding received: €33.3M
Keboola, a self-service data operations platform, has secured €29.2M in a Series A funding round, led by Viking Global Investors. The platform's mission is to unify and integrate all company data into a comprehensive Data Stack as a Service, giving customers full control through a single platform.
Pivot
Location: Paris, France
Launch date: 2023
Funding Round: Series A, €20M
Funding Source: Anamcara Capital, Emblem, Visionaries Club, Angel Investors
Total funding received: €21.58M
French startup Pivot secured €20M in a Series A from existing investors, including Visionaries, Emblem and Anamcara Capital. The company offers a modern spend management solution, integrating with existing financial stacks and ERPs. Pivot simplifies purchase order processes with a no-code interface for internal workflows, facilitating cost-cutting measures as businesses seek to optimise spending.
Fiat Republic
Location: London, England
Launch date: 2021
Funding Round: Seed, €6.4M
Funding Source: Arca, Credo Ventures, Fabric Ventures, Inovo VC, Kraken Ventures, Pretiosum Ventures, Seedcamp, Speedinvest
Total funding received: €11.9M
Fiat Republic, a Banking-as-a-Service platform blending cryptocurrency with traditional banking, raised €6.4M in a seed extension round. Investors include Kraken Ventures, Fabric Ventures, Arca, Inovo.vc, Speedinvest, Credo Ventures, Seedcamp, and Pretiosum Ventures. The funds aim to improve accessibility for banking and payment services in the cryptocurrency sector. The funding will support growth, strategic hires, banking partnerships, and expansion into new territories.
LeaseTeq
Location: Zurich, Switzerland
Launch date: 2021
Funding Round: Series A, €8.5M
Funding Source: VI Partners, Anker Capital, Monte Carlo Capital, N&V Capital
Total funding received: €13.1M
LeaseTeq closed its Series A financing round, marking a milestone in the company's mission to reshape leasing through advanced technology. easeTeq introduces a modular and fully digital leasing process. The company has secured €8.5M and is backed by VI Partners, Anker Capital, Monte Carlo Capital and N&V Capital.
HURR
Location: London, England
Launch date: 2017
Funding Round: Series Unknown,€9.1M
Funding Source: Praetura Ventures, Ascension, D4 Ventures, Octopus Ventures
Total funding received: €13.8M
HURR, the leading UK fashion rental platform, secured €9.1M in its latest funding round. Praetura and existing investor Octopus Ventures participated in this round. HURR allows consumers to rent high-fashion items from brands like Ganni and Mulberry, with 75% of customers considering or making a purchase from the brand afterward. The platform, functioning as both a peer-to-peer marketplace and a white-label SaaS solution, serves over 130 brands.
Hydrogrid
Location: Vienna, Austria
Launch date: 2016
Funding Round: Series A, €7.7M
Funding Source: Inven Capital, Karma Ventures, CNB Capital, SET Ventures
Total funding received: €9.2M
Hydrogrid is a SaaS platform specialising in the efficient dispatch and commercialization of renewable energy generation. The company operates in the Energy Efficiency, Hydroelectric, Power Grid, Renewable Energy, and SaaS sectors. In the recent Series A, the startup secured €7.7M, while being backed by Inven Capital, Karma Ventures, CNB Capital, and SET Ventures.
Green Eagle Solutions
Location: Madrid, Spain
Launch date: 2012
Funding Round: Series A, €6M
Funding Source: A&G Energy Transition Tech Fund, Kibo Ventures, SET Ventures
Total funding received: €8.5M
Green Eagle Solutions specialises in providing Supervisory Control and Data Acquisition Solutions for wind farms and solar plants. The Series A funding of €6M, led by A&G Energy Transition Tech Fund, includes contributions from Kibo Ventures and SET Ventures, bringing the total funding of the company to €8.5M.
Spore Biotechnologies
Location: Paris, France
Launch date: 2022
Funding Round: Pre-Seed, €8M
Funding Source: LocalGlobe, Better Angle, EmergingTech Ventures, Famille C Participations, No Label Ventures, Angel Investors
Total funding received: €8M
Spore Biotechnologies is a manufacturing company focused on developing innovative technological tools to assist factories in producing safe products. Operating in the Industrial Manufacturing, Information Technology, and Machinery Manufacturing sectors, the company has secured €8M in a Pre-Seed funding round led by LocalGlobe. Additional contributors include Better Angle, EmergingTech Ventures, Famille C Participations, No Label Ventures and Angel Investors.
Metafuels
Location: Zurich, Switzerland
Launch date: 2021
Funding Round: Seed, €7.4M
Funding Source: Contrarian Ventures, Energy Impact Partners
Total funding received: €7.4M
Metafuels is committed to fueling the future of aviation through sustainable aviation fuel, making affordable air travel environmentally friendly. The company has secured €7.4M in a Seed funding round, with Contrarian Ventures and Energy Impact Partners leading the investment.
Arcane Intelligence
Location: London, England
Launch date: 2021
Funding Round: Seed, €4.5M
Funding Source: Accel, Cocoa, Firstminute Capital, Kima Ventures, Seedcamp, Angel Investors
Total funding received: €5.4M
Arcane Intelligence, an AI Copilot dedicated to accelerating marketers, has secured €4.5M in a Seed funding round. The investment round saw contributions from Accel, Cocoa, Firstminute Capital, Kima Ventures, Seedcamp and Angel Investors.
atla
Location: London, England
Launch date: Unknown
Funding Round: Seed, €4.5M
Funding Source: Creandum, Rebel Fund, Y Combinator
Total funding received: €4.5M
Atla aids legal practitioners by providing a platform for searching through millions of texts and using machine learning to extract crucial information. Specialising in Assistive Technology and Data Collection and Labelling, Atla has successfully secured €4.5M in a Seed funding round. The funding was contributed by Creandum, Rebel Fund, and Y Combinator.
nuvo
Location: Hamburg, Germany
Launch date: 2020
Funding Round: Seed, €3M
Funding Source: La Famiglia, APX, Collective Ventures, Exxeta Ventures, FoodLabs
Total funding received: €4.6M
Nuvo SaaS startup, raises €3M in seed funding round led by La Famiglia. Their AI-powered API simplifies customer data onboarding for software companies, aiming to enhance efficiency and sales. The funds will support AI algorithm development, strengthen its European presence, and enable global expansion.
NeoCarbon
Location: Berlin, Germany
Launch date: 2022
Funding Round: Seed, €3.2M
Funding Source: Raise Ventures, Antler, Christian Vollmann, Matthias Gotta, PT1, Speedinvest
Total funding received: €4.5M
Berlin-based NeoCarbon raises €3.2M in Seed funding round, with participation from Raise Ventures, Antler, Christian Vollmann, Matthias Gotta, PT1 and Speedinvest. The funds will accelerate the deployment of NeoCarbon's CO2 removal technology, utilising waste heat from industrial sites.
tibo energy
Location: Eindhoven, Netherlands
Launch date: 2022
Funding Round: Seed, €3M
Funding Source: SET Ventures, Speedinvest
Total funding received: Unknown
tibo energy secures a €3M seed round led by SET Ventures and Speedinvest. The funding will facilitate team expansion and international growth. Tibo's energy management software empowers commercial and industrial companies to scale operations without increasing grid capacity. With a focus on electrification, Tibo's software enables the creation of smart energy networks, facilitating a transition to sustainable and localised energy grids while reducing reliance on fossil fuels.
MoSo
Location: Paris, France
Launch date: 2022
Funding Round: Seed, €2M
Funding Source: Kima Ventures, OneRagtime
Total funding received: €2M
MoSo is a platform that assists content creators in realising their maximum potential and expanding their businesses on all social media channels. MoSo has successfully secured €2M in a Seed funding round, while being backed by Kima Ventures and OneRagtime.
CarThera
Location: Paris, France
Launch date: 2010
Funding Round: Series B, €4.5M
Funding Source: Unorthodox Ventures, BOUSCAS, Saint-Genys, Supernova Invest
Total funding received: €71.3M
Paris-based medtech company Carthera raises an additional €4.5M, bringing its Series B total to €42M. Unorthodox Ventures led the round, joined by Supernova Invest, Saint-Genys, and Bouscas Med. Carthera focuses on ultrasound-based medical devices. The funds will support the launch of its first registrational trial for treating recurrent glioblastoma and further development of its neurodegenerative disease pipeline.
suena
Location: Hamburg, Germany
Launch date: 2021
Funding Round: Seed, €3M
Funding Source: Santander Climate Tech Fund, SmartEnergy Innovation Fund, EIT InnoEnergy, Raakwark Kaptaal, Angel Investors
Total funding received: €4.2M
German startup suena, specialising in AI-driven optimization for energy assets, closes a €3M seed funding round led by Santander Climate Tech Fund and SmartEnergy Innovation Fund. The funds will be used to expand and introduce its AI-based "Autopilot" software across European markets. The Autopilot optimises trading strategies for flexible energy assets on power and balancing markets, addressing gaps in current solutions with limited automation.
Eligo Bioscience
Location: Paris, France
Launch date: 2014
Funding Round: Series B, €27.7M
Funding Source: Bpifrance, Khosla Ventures, Sanofi Ventures, Seventure Partners
Total funding received: €63.8M
Paris-based gene-editing company Eligo Bioscience raises €27.7M in Series B led by Sanofi Ventures, with participation from Bpifrance and existing investors. Eligo specializes in microbiome in-vivo gene editing for immuno-inflammation, oncology, and infectious diseases. The funds will support expansion into other chronic diseases.
German Bionic
Location: Augsburg, Germany
Launch date: 2017
Funding Round: Series A, €15M
Funding Source: Bayern Kapital, Benhamou Global Ventures, Cumberland VC, IT-Farm, Kailua Ventures, Klein Family Office, Mubea
Total funding received: €59M
German Bionic secured €15M in an expanded Series A funding round with participation of Bayern Kapital, Benhamou Global Ventures, Cumberland VC, IT-Farm, Kailua Ventures, Klein Family Office and Mubea. German Bionic's exoskeletons, Apogee and Apogee+, enhance workplace safety in logistics, retail, and healthcare.
Vitt
Location: London, England
Launch date: 2021
Funding Round: Seed, €1M
Funding Source: Better Tomorrow Ventures, Maximilian Tayenthal, Speedinvest
Total funding received: €14.7M
London fintech Vitt raised €1M to launch "Vitt Treasury," helping startups earn returns on idle cash with up to 5.07% interest. The FCA-regulated service addresses interest loss, supporting growth for startups. The additional funding will support scaling the service across the UK.
Sunsave
Location: London, England
Launch date: 2021
Funding Round: Seed, €6.2M
Funding Source: Norrsken VC, Plug and Play Tech Center, Angel Investors
Total funding received: €6.2M
London's Sunsave secured €6.2M in a seed funding round. The company is backed by Norrsken VC, Plug and Play Tech Center and Angel Investors. Sunsave offers solar solutions through a subscription model with no upfront costs. The funds will support product development and team expansion.
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TOP European Funding Rounds Closed In November 2023 (by Katarzyna Skoneczna, Editor, Vestbee)
TOP European Funding Rounds Closed In October 2023 (by Katarzyna Skoneczna, Editor, Vestbee)
TOP European Funding Rounds Closed In September 2023 (by Katarzyna Skoneczna, Editor, Vestbee)
