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08 March 2023·17 min read

Aleksandra Woszczyk

Editor, Vestbee

TOP European Funding Rounds Closed In February 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 February. This month, investors were mainly attracted to software, fintech, analytics, financial services, healthcare, machine learning and e-commerce.

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

Hemab

Location: Copenhagen, Denmark
Launch date: 2017
Funding round: Series B €126M
Funding source: Access Biotechnology, Avoro Ventures, Deep Track Capital, HealthCap, Invus, Maj Invest Equity, Novo Holdings, RA Capital Management, Rock Springs Capital
Total funding received: €177.9M

Founded in 2017, Hemab is a clinical-stage biotech company developing prophylactic therapeutics for serious, underserved bleeding and thrombotic disorders. Hemab has exclusive licences to state-of-the-art antibody technologies from both Novo Nordisk A/S and Genmab A/S. The medicines developed by the business aggregate, modify, balance, and at times recruit endogenous clotting components already present in the blood to the site of injury, allowing patients to produce hemostatic plugs or clots to avert life-threatening complications. The company has just raised €179.9M in Series B funding led by Access Biotechnology, Avoro Ventures, Deep Track Capital, HealthCap, Invus, Maj Invest Equity, Novo Holdings, RA Capital Management, and Rock Springs Capital.

Quantum Motion

Location: London, England, United Kingdom
Launch date: 2017
Funding round: Series B €47M
Funding source: British Patient Capital, Inkef, IP Group, National Security Strategic Investment Fund, Octopus Ventures, Oxford Science Enterprises, Parkwalk Advisors, Porsche Automobil Holding, Robert Bosch Venture Capital
Total funding received: €56.3M

Located in London, Quantum Motion is developing a revolutionary technology platform - a universal quantum computer in Silicon, using CMOS-compatible processes. The aim is to fast-track the development of true fault-tolerant quantum computers and reach one million qubits and beyond by leveraging existing knowledge in device fabrication within the trillion-dollar silicon industry. During its Series B funding round, the company raised €47M from British Patient Capital, Inkef, IP Group, National Security Strategic Investment Fund, Octopus Ventures, Oxford Science Enterprises, Parkwalk Advisors, Porsche Automobil Holding, and Robert Bosch Venture Capital.

Carbonplace

Location: London, England, United Kingdom
Launch date: 2020
Funding round: Seed €42M
Funding source: Banco Bilbao Vizcaya Argentaria, BNP Paribas, CIBC, Itau Unibanco, National Australia Bank (NAB), NatWest Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, UBS
Total funding received: €42M

Carbonplace is a carbon credit transaction network that will enable the secure, and transparent transfer of certified carbon credits. Developed by a group of financial institutions committed to driving climate action at scale, Carbonplace’s unique blockchain-enabled distributed ledger technology will enable the trust, transparency, and accessibility required to open the voluntary carbon market to the world and accelerate global climate action. The company has raised €42M in Seed Round funding led by Banco Bilbao Vizcaya Argentaria, BNP Paribas, CIBC, Itau Unibanco, National Australia Bank (NAB), NatWest Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, UBS.

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: €87.3M

Established in 2021, The Exploration Company develops, manufactures, and operates modular and reusable spaceships, named Nyx, which serve the needs of space stations around Earth and the Moon. Nyx can be refuelled in orbit, uses green propellants and open source its operating system. 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 have just invested €40.5 million during the Series A funding round.

StudentFinance

Location: Madrid, Spain
Launch date: 2019
Funding round: Series A €39M
Funding source: Armilar Venture Partners, Giant Ventures, Iberis Capital, Mustard Seed Maze, Seedcamp
Total funding received: €44.56M

Located in Madrid, StudentFinance is a Global Career Mobility Fintech platform to support upskilling into the most in-demand market sectors, through data insights for career choice, flexible financing and matching with education programs and employers. The company is developing AI models to map the future of the most in-demand skills across regions and industries. The insight gained from their models help determine opportunity within the markets and guide graduates into jobs and estimate their future earning potential. The company has raised €39M in Series A funding led by Armilar Venture Partners, Giant Ventures, Iberis Capital, Mustard Seed Maze, and Seedcamp.

DRONAMICS

Location: London, England, United Kingdom
Launch date: 2014
Funding round: Seed €37.4M
Funding source: Eleven Ventures, Founders Factory, SeedBlink, Speedinvest, Strategic Development Fund
Total funding received: €55.75M

DRONAMICS develops unmanned aerial systems for shipping commercial and special cargo applications. The company is developing the world-leading cargo UAV "The Black Swan"​ - a revolutionary fixed-wing unmanned aircraft that can transport 350 kg at a distance of 2,500 km, cheaper than any aircraft in existence. The Black Swan cargo drone can enable same-day delivery to the most remote areas, up to 80% faster, 50% cheaper, and with 60% fewer emissions than other transportation methods. The company has raised €37.4M in Seed Round funding led by Eleven Ventures, Founders Factory, SeedBlink, Speedinvest, and Strategic Development Fund.

Flock

Location: London, England, United Kingdom
Launch date: 2015
Funding round: Series B €35.9M
Funding source: Anthemis Group, CommerzVentures, Dig Ventures, Foresight Ventures, Octopus Ventures, Social Capital
Total funding received: €59.6M

Flock is a UK insurtech on a mission to make the world quantifiably safer with connected fleet insurance that enables and incentivises safer driving. The startup is the world's first fully digital insurance company for connected and autonomous commercial vehicles. Anthemis Group, CommerzVentures, Dig Ventures, Foresight Ventures, Octopus Ventures, and Social Capital have just invested €35.9 million during the Series B funding round.

Choco

Location: Berlin, Germany
Launch date: 2018
Funding round: Venture round €25M
Funding source: Bessemer Venture Partners, Coatue, G Squared, Insight Partners, Left Lane Capital
Total funding received: €314.7M

Established in 2018, Choco is a food ordering platform that connects restaurants and suppliers. They aim to improve the order process to save time, money, and food. Choco makes placing and receiving orders more efficient. The company has raised €25M in Venture Round funding led by Bessemer Venture Partners, Coatue, G Squared, Insight Partners, and Left Lane Capital.

Nosto

Location: Helsinki, Finland
Launch date: 2011
Funding round: Venture round €15M
Funding source: Eurazeo, Mandatum, OpenOcean, Tesi, Wellington Partners
Total funding received: €45.7M

Located in Helsinki, Nosto is an e-commerce platform providing product recommendations based on individual behavioural data. The company enables online brands to deliver authentic, relevant, and personalized experiences at every touchpoint, across every device. An AI-Powered Commerce Experience Platform (CXP) empowers brands to build, launch, and optimize compelling digital experiences without the need for dedicated IT resources or a lengthy implementation process. Nosto supports its clients such as Paul Smith, Kylie Cosmetics, Muji, Dermalogica, Centric Brands, and Princess Polly in over 100 countries. Eurazeo, Mandatum, OpenOcean, Tesi, and Wellington Partners have just invested €15 million during the Venture funding round.

Cylib

Location: Aachen, Germany
Launch date: 2022
Funding round: Seed €8M
Funding source: 10x Founders, Kai Hansen, Karim Tabet Jalbout, Speedinvest, Vsquared Ventures, World Fund
Total funding received: €11.6M

Founded in 2022, Cylib is a start-up for holistic battery recycling. Cylib's proprietary end-to-end process is characterized by the efficient, resource- and climate-friendly recovery of all valuable elements in an electric car battery from pack to the cell level. Their goal is to revolutionize how lithium-ion batteries are recycled in Europe, making the process more efficient and sustainable. The company has raised €8M in Seed Round funding led by 10x Founders, Kai Hansen, Karim Tabet Jalbout, Speedinvest, Vsquared Ventures, and World Fund.

Natural Cycles

Location: Stockholm, Sweden
Launch date: 2013
Funding round: Venture round €6.5M
Funding source: Bonnier Ventures, EQT Ventures, Headline, Heartcore Capital, Samsung Ventures
Total funding received: €41.6M

Natural Cycles is a healthcare app that uses body temperature to determine fertility status. The company established in 2013 developed the only digital method of birth control cleared by regulators both in the US and in Europe. Bonnier Ventures, EQT Ventures, Headline, Heartcore Capital, and Samsung Ventures have just invested €6.5 million during the Venture Round of funding.

EthonAI

Location: Zurich, Switzerland
Launch date: 2021
Funding round: Seed €6.3M
Funding source: Acequia Capital (AceCap), Earlybird Venture Capital, La Famiglia, Wingman Ventures
Total funding received: €7.6M

EthonAI is an AI-powered platform that detects, monitors, and prevents quality defects in manufacturing. The company develops an AI-powered platform that combines quality inspection and root cause analysis in manufacturing. The no-code applications can be easily used by factory operators and engineers without writing a single line of code. EthonAI is used by world-leading manufacturers and has already been proven to reduce production waste by up to 50% while increasing the job satisfaction of factory workers. Acequia Capital (AceCap), Earlybird Venture Capital, La Famiglia, and Wingman Ventures recently invested €6.3M in the company.

Sikoia

Location: London, England, United Kingdom
Launch date: 2021
Funding round: Seed €5.6M
Funding source: Coalition Capital, EarlyBird, MassMutual Ventures, Seedcamp
Total funding received: €7.8M

Founded in 2021, Sikoia is a category-defining Unified Data Platform (UDP) that enriches and aggregates financial and identity data to streamline compliance and risk processes, such as customer onboarding and verification, or portfolio monitoring. Sikoia eliminates the time-consuming task of reconciling customer data from disorganized spreadsheets or out-of-date systems. The platform automates key risk assessments, saving clients time and reducing customer friction, allowing them to provide delightful customer experiences. Coalition Capital, EarlyBird, MassMutual Ventures, and Seedcamp recently contributed €5.6M to the company's Seed Round of investment.

Carbon Maps

Location: Paris, France
Launch date: 2021
Funding round: Pre-seed €4M
Funding source: Breega, Samaipata
Total funding received: €4M

Carbon Maps, a French company established in 2021, is a comprehensive, science-based, data-driven climate management platform for the food industry. The Carbon Maps’ SaaS platform enables agri-food industry players to perform rapid, high-precision assessments of the environmental impact of their products and agricultural raw materials. Their system is a major contributing factor to global greenhouse gas emissions, deforestation, and water consumption worldwide. Breega, Samaipata recently invested €4M in the company.

Mily Technologies

Location: Munich, Germany
Launch date: 2021
Funding round: Pre-seed €1M
Funding source: South Central Ventures
Total funding received: €1M

Established in Munich in 2021, Mily Technologies is a delivery analytics platform tailored for parcel delivery companies. The platform collects, connects, and enriches delivery data to help parcel delivery companies reach breakthrough performance in the last mile. Companies can easily gain visibility of their delivery processes, understand courier productivity and make data-driven decisions that drive business growth. South Central Ventures has just invested €1 million during the Pre Seed funding round.

Taurus

Location: Geneva, Switzerland
Launch date: 2018
Funding round: Series B €60.8M
Funding source: Arab Bank (Switzerland), Cedar Mundi Ventures, Credit Suisse, Deutsche Bank, Investis Group, Pictet Private Equity Investors S.A.
Total funding received: €71M

Located in Switzerland, Taurus is a fintech company that builds the next-generation platform to trade, invest, and protect digital assets. Taurus works to digitize and tokenize assets, particularly securities. The company issues and manages tokenized assets and has built a software solution that allows banks to offer clients custody and trading services. The company also built what it called the first regulated marketplace for tokenized securities. The company has raised €60.8M in Series B funding led by Arab Bank (Switzerland), Cedar Mundi Ventures, Credit Suisse, Deutsche Bank, Investis Group, and Pictet Private Equity Investors S.A.

Brigad

Location: Paris, France
Launch date: 2015
Funding round: Series B €33M
Funding source: Balderton Capital, Serena, Square Capital, Wendel
Total funding received: €50.3M

Founded in France in 2016, Brigad is an app that connects self-employed professionals with businesses in the hospitality and healthcare sectors for short-term assignments. The company aims to make work more accessible and attractive to everyone and is currently available in major cities in France and the UK. The company recently raised €33M in Series B funding led by Balderton Capital, Serena, Square Capital and Wendel.

Sdui

Location: Koblenz, Germany
Launch date: 2018
Funding round: Series A €18M
Funding source: Brighteye Ventures, Haniel, High-Tech Grunderfonds, HV Capital, JSM Hinderer GmbH, Kreos Capital
Total funding received: €27M

Founded in Germany in 2018, Sdui provides solutions for mobile communication and the organisation of education. The app digitises processes and reduces administrative work by offering incredibly simple functions for messaging, timetabling and a wide range of third-party integrations. In just two years, Sdui has reached hundreds of institutions and established a solid reputation in the education market. The company recently secured €18M in its latest Series A funding round led by Brighteye Ventures, Haniel, High-Tech Grunderfonds, HV Capital, JSM Hinderer GmbH and Kreos Capital.

Pili

Location: Paris, France
Launch date: 2015
Funding round: Series A €14.8M
Funding source: Bpifrance, Elaia, Famille C Participations, SOSV, Startup Angels
Total funding received: €25.8M

Founded in Paris in 2015, Pili biofabricates a sustainable alternative to create renewable inks to replace toxic, non-biological and non-recyclable counterparts. Their team is dedicated to providing colours derived from microorganisms as a sustainable alternative to fossil resources. They recently raised €14.8M in a Series A funding round led by Bpifrance, Elaia, Famille C Participations, SOSV and Startup Angels.

Dance

Location: Berlin, Germany
Launch date: 2020
Funding round: Venture round €12M
Funding source: BlueYard Capital, David Eriksson, Eurazeo, Frank Wiedemann, HV Capital, Joe Zadeh, Katharina Kurz, Kristian Rädle, Max Ciociola, Ryan Johnson, The Delta, Winthrop Square Capital
Total funding received: €67.5M

Founded in Germany in 2020, Dance is an e-bike subscription service where users pay a monthly fee that covers their bikes as well as an all-inclusive support package. The subscription includes a bike concierge, maintenance and theft replacement insurance, all delivered through the company's hardware and software, which enables fast repairs through its warehouse and logistics setup. BlueYard Capital, David Eriksson, Eurazeo, Frank Wiedemann, HV Capital, Joe Zadeh, Katharina Kurz, Kristian Rädle, Max Ciociola, Ryan Johnson, The Delta, and Winthrop Square Capital led the recent funding round, which raised €12M.

Skin + Me

Location: London, England, United Kingdom, 
Launch date: 2018
Funding round: Series B €11.3M
Funding source: Octopus Ventures
Total funding received: €20.6M

Founded in London in 2018, Skin + Me is a direct-to-consumer brand that offers personalised skin treatments for glowing skin. The company's treatments include online medical consultations with dermatologists, pharmacists and direct-to-consumer experts, as well as prescription therapy creams, allowing patients with skin health issues to receive consistent guidance, treatment, and support. Octopus Ventures has invested €11.3 million in the company.

Finway

Location: Munich, Germany 
Launch date: 2019
Funding round: Series A €9.2M
Funding source: Capital 49
Total funding received: €11.3M

Founded in Munich in 2019, Finway is the financial operating system for SMEs - planning and controlling all expenses and budgets in a single tool. It enables SMEs to use simple and error-free financial processes, which the finance department uses to provide real-time insights, becoming the backbone of the company and empowering all departments to trade more successfully. The company recently raised €9.2M in Series A funding led by Capital 49.

Knowunity

Location: Sindelfingen, Germany 
Launch date: 2020
Funding round: Series A €9M
Funding source: Educapital, Mario Götze, Project A Ventures, Redalpine, Stride.VC, Verena Pausder
Total funding received: €21M

Founded in Germany in 2019, Knowunity is a digital learning platform that offers summaries, study notes, presentations and answers in a single app. Its mission is to make high-quality schooling available to every student, everywhere. The company recently raised €9M in Series A funding. The round was led by Educapital, Mario Götze, Project A Ventures, Redalpine, Stride.VC and Verena Pausder.

Codemotion

Location: Rome, Italy 
Launch date: 2013
Funding round: Venture round €8M
Funding source: Azimut Digitech Fund, CDP Venture Capital, Endeavor Catalyst, P101, Primo Ventures, Synergo Capital
Total funding received: €18M

Founded in Rome in 2013, Codemotion is an innovation ecosystem centred on developers and coding, open to all programming languages and technologies. With a pioneering spirit, it explores the future to provide a first-class experience for our people. The company recently raised €8M in funding from Azimut Digitech Fund, CDP Venture Capital, Endeavor Catalyst, P101, Primo Ventures and Synergo Capital.

CyberSmart

Location: London, United Kingdom
Launch date: 2016
Funding round: Series B €14.2M
Funding source: British Patient Capital, Eos Venture Partners, IQ Capital, Legal & General Capital, Oxx, Seedcamp, Solano Partners, Winton Ventures
Total funding received: €25.6M

Founded in London in 2016, CyberSmart is an automated, end-to-end cybersecurity compliance platform that helps small and medium-sized businesses. It helps you identify, remediate, certify and protect your business from security incidents. Their cybersecurity platform enables SMBs to combat the ongoing threat of cyber-attacks and increased regulation in an ever-changing technological landscape and increasingly connected digital operating space. British Patient Capital, Eos Venture Partners, IQ Capital, Legal & General Capital, Oxx, Seedcamp, Solano Partners and Winton Ventures recently led a €14.2M Series B round.

LIZEE

Location: Paris, France
Launch date: 2019
Funding round: Series A €7M
Funding source: Alante Capital, Demeter, Lyra Ventures, MAIF Impact, Speedinvest
Total funding received: €9.3M

LIZEE is a logistics and managed services solution founded in Paris in 2019. The company offers everything a brand needs to manage a new responsible business model. Their second-hand and rental model combines sustainability and profitability, allowing their customers to triple their margins while minimising their environmental impact. They recently raised €7M in a Series A round led by Alante Capital, Demeter, Lyra Ventures, MAIF Impact and Speedinvest.

Reshape Biotech

Location: Kongens Lyngby, Denmark
Launch date: 2018
Funding round: Seed €6.7M
Funding source: ACME Capital, FundersClub, Look Up Ventures, Nicholas Francis, Per Falholt, Y Combinator
Total funding received: €7.6M

Reshape Biotech develops laboratory robots that automate microbiologists' daily tasks, such as plate filling and image analysis. The team is highly multidisciplinary, with members ranging from biology PhDs to hardware and software engineers. We work closely together and you will be exposed to a truly vertical team. They recently raised €6.7M in a seed round led by ACME Capital, FundersClub, Look Up Ventures, Nicholas Francis, Per Falholt and Y Combinator.

Growblocks

Location: Copenhagen, Denmark
Launch date: 2021
Funding round: Seed €6M
Funding source: Chris Schagen, Dave Kellogg, Headline, Pieterjan Bouten, Project A Ventures, Ulrik Bo Larsen
Total funding received: €8.3M

Founded in Copenhagen in 2021, Growblocks is a software startup that helps businesses unlock their revenue potential through improved data insights and forecasting. Their platform provides a data-driven and more accurate solution to what the founders see as a broken approach to revenue planning. They have raised €6M in a seed round led by Chris Schagen, Dave Kellogg, Headline, Pieterjan Bouten, Project A Ventures and Ulrik Bo Larsen.

Jeff

Location: Valencia, Spain
Launch date: 2015
Funding round: Series C €45M
Funding source: Alcor Ocean, Clean Ventures, DX Ventures, Nalpa, Prism Venture Management, Stelco
Total funding received: €123.6M

Founded in Spain in 2015, Jeff is a technology platform for running businesses that includes a mobile application for connecting with customers. The company offers entrepreneurs a technology platform for running their businesses, as well as a mobile application for connecting with customers. The company's mission is to help entrepreneurs overcome financial and knowledge barriers. Jeff has over 2000 entrepreneurs using their solution in 40 markets. The company recently raised €45M in Series C funding led by Alcor Ocean, Clean Ventures, DX Ventures, Nalpa, Prism Venture Management and Stelco.

Puzzle

Location: Bern, Switzerland
Launch date: 1999
Funding round: Series A €14.2M
Funding source: Ayo Omojola, Eric Reis, Felicis, FOG Ventures, General Catalyst, Gokul Rajaram, Kapor Capital, OnDeck Venture, Sterling Road, Village Global, XYZ Venture Capital, Y Combinator
Total funding received: €14.2M

Founded in Switzerland in 1999, Puzzle is a Red Hat Certified Cloud Provider that creates forward-thinking innovations for you, taking you from project ideas to IT architecture to the finished cloud application. Its mission is to improve information technology. The company recently closed a €14.2M Series A funding round. The round was led by Ayo Omojola, Eric Reis, Felicis, FOG Ventures, General Catalyst, Gokul Rajaram, Kapor Capital, OnDeck Venture, Sterling Road, Village Global, XYZ Venture Capital and Y Combinator.

Related Posts:

TOP European Funding Rounds Closed in January 2023 (Paweł Pliszka, Editor, Vestbee)

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

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



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