Every month, Vestbee compiles a list of the most significant financial rounds closed in Central and Eastern Europe and the broader European region. Recently, we published a selection of 16 startups from CEE that secured funding in January, providing details on each deal. Now, let's take a look at the top 35 European startup funding rounds completed in January.
Electra
Location: Paris, France
Launch date: 2021
Funding Round: Series B
Funding Amount: €304M
Total funding received: €506M
Funding Sources: Bpifrance, PGGM Investments, 574 Invest, Eurazeo, Rive Private Investment, Serena
Electra, a top fast-charging EV network, raised €304 million in Series B, pushing its total capital to more than €500 million in three years. The company plans to install 15,000 charging points by 2030. The funding was led by PGGM and Bpifrance, with support from Bpifrance, PGGM Investments, 574 Invest, Eurazeo, Rive Private Investment, Serena. Electra specializes in deploying and operating charging points for electric vehicles, offering tailored solutions in the electric vehicle charging sector.
H2 Green Steel
Location: Stockholm, Sweden
Launch date: 2020
Funding Round: Series Undisclosed
Funding Amount: €300M
Total funding received: €10.9B
Funding Sources: Altor, Andra AP-fonden, GIC, Hy24, Just Climate, Microsoft Climate Innovation Fund, Mubea, Siemens Financial Services, Temasek Holdings
Danish funds are injecting €300 million into Sweden’s H2 Green Steel to bolster the creation of the world's inaugural large-scale green steel plant. This investment is part of H2 Green Steel's €4.2 billion fundraising initiative, which includes debt financing and increased equity. The company aims to change the steel production process by using green hydrogen and renewable electricity sources, significantly reducing CO2 emissions.
FINN
Location: Munich, Germany
Launch date: 2019
Funding Round: Series C
Funding Amount: €100M
Total funding received: €1.05B
Funding Sources: Planet First Partners, HV Capital, Korelya Capital, Picus Capital, UVC Partners, White Star Capital
Finn, a Munich-based car subscription startup, has raised €100 million ($109-110 million) in a Series C round led by Planet First Partners, valuing the company at €600 million post-money. With a focus on sustainability, Finn plans to expand its electric vehicle inventory from 40% to 80% by 2028. Previous investors like HV Capital and Korelya Capital also participated. FINN provides monthly car subscriptions for sustainable mobility, aiming to make driving enjoyable and eco-friendly.
TravelPerk
Location: Barcelona, Spain
Launch date: 2015
Funding Round: Series D
Funding Amount: €95M
Total funding received: €530.3M
Funding Sources: SoftBank Vision Fund, Felix Capital, Kinnevik
TravelPerk, an expanding business travel management platform, has secured an additional €95 million investment, led by SoftBank Vision Fund 2, with contributions from existing investors Kinnevik and Felix Capital. This investment serves as an extension of the Series D round raised, which was spearheaded by General Catalyst.
1X
Location: Moss, Norway
Launch date: 2014
Funding Round: Series B
Funding Amount: €91M
Total funding received: €136.5M
Funding Sources: EQT Ventures
Norwegian AI and robotics company 1X has secured a $100 million Series B round led by EQT Ventures to scale production of its androids. The investment will support the delivery of 1X's second iteration, NEO, following the success of its wheeled android, EVE, deployed in logistics, retail, and security sectors. NEO is a bipedal humanoid robot, designed for consumer use, offering assistance with household tasks. Unlike EVE, targeted for commercial use, NEO boasts a more human-like appearance. As it enters the real world, NEO's artificial intelligence is expected to improve, enabling it to handle increasingly complex tasks over time.
Hyperexponential
Location: London, United Kingdom
Launch date: 2017
Funding Round: Series B
Funding Amount: €67M
Total funding received: €84M
Funding Sources: Battery Ventures, Andreessen Horowitz, Highland Europe
London-based insurtech startup Hyperexponential has raised €67 million in a Series B round led by Battery Ventures, with participation from Highland Europe and Andreessen Horowitz. Hyperexponential provides decision intelligence for property-casualty insurers, leveraging predictive data and machine learning to enhance pricing strategies.
Genomics
Location: Oxford, United Kingdom
Launch date: 2014
Funding Round: Series C
Funding Amount: €41M
Total funding received: €125.7M
Funding Sources: F-Prime Capital, Foresite Capital, Infinity Investment Partners, MassMutual
Genomics leverages advanced analyses of vast integrated genomic and phenotypic datasets to deepen understanding of human biology. The company aims to unlock the full potential of genomics and establish new standards for organisations and patients to harness the benefits of genomic data. Genomics is backed by F-Prime Capital, Foresite Capital, Infinity Investment Partners, MassMutual and has raised €41 million in recent Series C.
ENYO Pharma
Location: Lyon, France
Launch date: 2014
Funding Round: Series C
Funding Amount: €39M
Total funding received: €103.4M
Funding Sources: Morningside Venture Investments, OrbiMed, Andera Partners, Bpifrance InnoBio, Bpifrance Large Venture
ENYO Pharma has secured €39 million in Series C to advance Vonafexor for the treatment of Alport syndrome, a genetic condition characterized by kidney disease, hearing loss, and eye abnormalities. The funding round facilitates the continued profiling of the therapy for other kidney conditions, such as autosomal dominant polycystic kidney disease. The fresh funding came from Morningside Venture Investments, OrbiMed, Andera Partners, Bpifrance InnoBio, and Bpifrance Large Venture.
ZILO
Location: London, United Kingdom
Launch date: 2020
Funding Round: Series A
Funding Amount: €29M
Total funding received: €45M
Funding Sources: Fidelity International Strategic Ventures, Portage Ventures, Citi, State Street Corporation
UK-based asset and wealth management software startup ZILO completes a €29 million Series A round, co-led by Fidelity International Strategic Ventures (FISV) and Portage, with State Street and Citi also participating. The funding will accelerate product development, drive user acquisition, and expand into new markets.
Latitude
Location: Reims, France
Launch date: 2019
Funding Round: Series B
Funding Amount: €27M
Total funding received: €38M
Funding Sources: Blast.club, Bpifrance, Crédit Mutuel Innovation, Expansion Ventures, Kima Ventures, UI Investissement, Angel Investors
French company Latitude, formerly Venture Orbital Systems, raised €27 million in a Series B round to develop its small launch vehicle, Zephyr. With investors including Blast.club, Bpifrance, Crédit Mutuel Innovation, Expansion Ventures, Kima Ventures, UI Investissement and Angel Investors, the funding will support manufacturing and testing for a planned 2025 first flight.
DISCO Pharmaceuticals
Location: Cologne, Germany
Launch date: 2022
Funding Round: Seed
Funding Amount: €20M
Total funding received: €20M
Funding Sources: Sofinnova Partners, AbbVie Biotech Ventures, M Ventures, Panakes Partners
DISCO Pharmaceuticals, a biotech startup based in Germany and Switzerland, has raised €20 million in a seed round. Backed by investors like Sofinnova Partners and AbbVie Ventures, M Ventures and Panakes Partners, DISCO focuses on unlocking cancer cell surface proteins to develop innovative treatments.
Carmoola
Location: London, United Kingdom
Launch date: 2021
Funding Round: Series A
Funding Amount: €18M
Total funding received: €202M
Funding Sources: AlleyCorp, InMotion Ventures, QED Investors, u.ventures, VentureFriends
London-based fintech Carmoola raised €18 million in a Series A round, being backed by QED Investors, VentureFriends, InMotion Ventures, AlleyCorp, and u.ventures. The company aims to expand its presence in the UK's market. Carmoola offers a car finance app streamlining the car purchasing process with budget estimates, free history checks, identity verification, and online payments.
Rabot Charge
Location: Hamburg, Germany
Launch date: 2021
Funding Round: Series A
Funding Amount: €17.5M
Total funding received: €22M
Funding Sources: HV Capital, High-Tech Gründerfonds, vent.io, Yabeo
Rabot Charge has raised €17.5 million in Series A, led by HV Capital, with participation from High-Tech Gründerfonds, vent.io and Yabeo. The company offers dynamic electricity tariffs for households in Germany, utilizing AI-based solutions to optimize energy consumption. With over 35,000 customers, Rabot Charge operates in Berlin, Hamburg, and Munich.
Morressier
Location: Berlin, Germany
Launch date: 2014
Funding Round: Series B
Funding Amount: €15.12M
Total funding received: €40.67M
Funding Sources: Molten Ventures, Cherry Ventures, Owl Ventures, Redalpine
Berlin-based startup Morressier raised €15.12 million in Series B led by Molten Ventures, with existing investors Redalpine, Owl Ventures, and Cherry Ventures. Morressier specializes in scholarly communications, providing societies and publishers with workflows. The funds will be used for product innovation, scaling go-to-market activities, and expanding partnerships. Morressier offers Integrity Manager to protect research integrity and pre-submission checks for scientific researchers. With clients like IOP Publishing, AAAS, ASCE, APS, and Mayo Clinic, Morressier operates in Berlin, London, and Washington DC.
Packmatic
Location: Berlin, Germany
Launch date: 2021
Funding Round: Series A
Funding Amount: €15M
Total funding received: €15M
Funding Sources: EQT Ventures, HV Capital, xdeck, True Growth Capital, Angel Investors
Digital packaging marketplace Packmatic has secured €15 million in Series A led by EQT Ventures, with participation from HV Capital, xdeck, True Growth Capital and Angel Investors. Packmatic connects businesses with over 300 packaging suppliers across Europe, offering a one-stop solution for optimizing packaging processes. The funds will fuel the company's expansion in Europe, focusing on software development and talent acquisition.
IMU Biosciences
Location: London, United Kingdom
Launch date: 2021
Funding Round: Series A
Funding Amount: €13.4M
Total funding received: €13.4M
Funding Sources: Molten Ventures, Life Extension Ventures
IMU Biosciences has closed its Series A round, securing €13.4 million. The round was led by Molten Ventures and included LifeX Ventures. IMU Biosciences uses its CytAtlas platform, combining AI with deep immune data profiling, to understand the human immune response. It finds applications in immune-oncology and cell therapy, improving manufacturing efficiency.
Sano Genetics
Location: Cambridge, United Kingdom
Launch date: 2017
Funding Round: Series A
Funding Amount: €10.4M
Total funding received: €24.2M
Funding Sources: Plural Platform, Episode 1, MMC Ventures, Seedcamp
Sano Genetics, a precision medicine software platform, raised €10.4 million in a funding round led by Plural. The platform uses AI to streamline precision medicine clinical trials, connecting patients with pharmaceutical and biotech companies. The funding will support expansion efforts and the development of predictive and preventive genetics programs.
CEEZER
Location: Berlin, Germany
Launch date: 2021
Funding Round: Series A
Funding Amount: €10.3M
Total funding received: €15.1M
Funding Sources: HV Capital, Carbon Removal Partners, Norrsken VC, Picus Capital
CEEZER, a carbon credit platform, raised €10.3 million in Series A. The platform simplifies carbon credit management for businesses by providing access to high-quality projects and clarifying project differences using scientific and AI-driven methodologies. The company is backed by HV Capital, Carbon Removal Partners, Norrsken VC and Picus Capital.
CellVoyant
Location: Bristol, United Kingdom
Launch date: 2021
Funding Round: Seed
Funding Amount: €8.9M
Total funding received: €8.9M
Funding Sources: Octopus Ventures, Air Street Capital, Horizons Ventures, Verve Ventures
CellVoyant, a University of Bristol spinout, raised €8.9 million in a seed round led by Octopus Ventures. The funding will support team growth, infrastructure expansion, and technology development for commercializing their AI imaging platform, which enables real-time monitoring of stem cell reactions without sample removal.
Finoa
Location: Berlin, Germany
Launch date: 2018
Funding Round: Series Undisclosed
Funding Amount: €7.5M
Total funding received: €34.9M
Funding Sources: Balderton Capital, Maven 11 Capital, Blue Bay Ventures, coparion, Signature Ventures, Venture Stars
Finoa, a Berlin-based regulated crypto platform, raised €7.5 million in a funding round led by Maven 11 Capital and Balderton Capital. The funds will fuel expansion and development efforts for its custodial and staking services. Finoa serves professional investors and is licensed under the German Banking Act.
SEMRON
Location: Dresden, Germany
Launch date: 2020
Funding Round: Seed
Funding Amount: €7.3M
Total funding received: €7.3M
Funding Sources: Join Capital, Hermann Hauser Investment, OTB Ventures, SquareOne Venture Capital, Angel Investors
Semron, a Dresden-based company, has raised €7.3 million for its AI chips with 3D packaging for mobile devices. Led by Join Capital, the funding aims to revolutionize AI chip standards in consumer electronics, offering a 20-fold increase in efficiency with its CapRAM technology.
SKY ENGINE AI
Location: London, United Kingdom
Launch date: 2018
Funding Round: Series A
Funding Amount: €6.4M
Total funding received: €8.3M
Funding Sources: Cogito Capital Partners, Edge VC, High-Tech Gründerfonds, Movens Capital, Taiwania Capital Management Corporation
Sky Engine AI, a London-based synthetic data cloud platform, has raised €6.4M million in a Series A led by Cogito Capital Partners, with participation from Edge VC, Taiwania Capital, Movens Capital, and HTGF. The investment will support the startup's growth in providing generative simulation and deep learning solutions, leveraging synthetic data for various applications including AI Drones, UAV navigation, and military simulation.
Delfos Energy
Location: Barcelona, Spain
Launch date: 2016
Funding Round: Seed
Funding Amount: €6.3M
Total funding received: €7.5M
Funding Sources: Contrarian Ventures, DOMO.VC, EDP Ventures, Headline
Delfos, a virtual engineer software for renewable energy assets, secures €6.3 million in a seed round led by Contrarian Ventures and Headline, with participation from existing investors DOMO.VC and EDP Ventures. The funding will drive expansion in Europe and pave the way for future entry into the US market. Delfos' real-time virtual engineer software uses AI and big data to automate performance and reliability management for renewable energy estates.
deeploi
Location: Berlin, Germany
Launch date: 2023
Funding Round: Seed
Funding Amount: €6M
Total funding received: €9M
Funding Sources: Atomico, Cherry Ventures
Berlin-based deeploi, an IT management platform for SMEs, has raised €6 million in Seed funding led by Atomico, with participation from Cherry Ventures. The funding will drive product expansion and team growth, helping deploy streamline IT operations for modern businesses.
BlueLayer
Location: Berlin, Germany
Launch date: 2022
Funding Round: Seed
Funding Amount: €5.1M
Total funding received: €5.1M
Funding Sources: Point Nine
BlueLayer offers a software platform tailored for carbon project developers, helping them manage carbon credits at scale. With a focus on beyond value chain mitigation, the company recently secured €5.1 million in a seed round led by Point Nine. BlueLayer's platform serves as a centralized hub for inventory management, order tracking, and reporting, aiming to maximize revenue for project developers across various initiatives like reforestation and peatland restoration.
akirolabs
Location: Berlin, Germany
Launch date: 2021
Funding Round: Seed
Funding Amount: €4.6M
Total funding received: €4.6M
Funding Sources: D11Z.Ventures, High-Tech Gründerfonds, OTB Ventures, Serpentine Ventures, Angel Investors
A Berlin-based procuretech startup, akirolabs, announced a €4.6 million Seed round. The company provides an AI-powered strategic procurement SaaS solution, enabling customers to achieve 4-5 times higher value from procurement. Investors include HTGF, OTB Ventures, D11Z Ventures, Serpentine Ventures and Angel Investors.
OctaiPipe
Location: London, United Kingdom
Launch date: 2016
Funding Round: Seed
Funding Amount: €3.5M
Total funding received: €4M
Funding Sources: SuperSeed Ventures, Atlas Ventures, D2 Fund, Deeptech Labs, Forward Partners, Future Impact Fund, Martlet Capital
London-based OctaiPipe raised €3.5 million in seed round. SuperSeed led the round, with other investors including Forward Partners and Atlas Ventures. The funds will enhance the company’s Federated Learning technology and expand into critical industries like energy and manufacturing.
Aldara
Location: Barcelona, Spain
Launch date: 2022
Funding Round: Seed
Funding Amount: €2.7M
Total funding received: €2.7M
Funding Sources: K Fund, Y Combinator
Aldara, a Barcelona-based property management startup, secured €2.7 million in a seed round led by K Fund and Y Combinator. The investment will fuel Aldara's expansion in Spain's property management market by introducing advanced technology and processes to address existing challenges in the sector.
Bankflip
Location: Barcelona, Spain
Launch date: 2020
Funding Round: Seed
Funding Amount: €2.6M
Total funding received: €2.6M
Funding Sources: JME Ventures, Demium, Draper B1, Enzo Ventures, Notion Capital
Startup Bankflip offers solution aiding financial service providers with real-time document processing, secured €2.6 million in funding led by JME. The investment will fuel expansion in Spain, exploration of new verticals, and entry into the Portuguese market in 2024.
Neurobell
Location: Cork, Ireland
Launch date: 2018
Funding Round: Seed
Funding Amount: €1.9M
Total funding received: €1.9M
Funding Sources: Furthr VC, Atlantic Bridge, Enterprise Ireland, HBAN Medtech Syndicate
NeuroBell, a Cork-based medtech startup, has raised €1.9 million to launch its AI-powered neonatal brain monitor. The device detects seizures in newborn babies without the need for continuous electroencephalography monitoring, aiming to improve care in neonatal intensive care units. The funding will also facilitate regulatory approval and the creation of 12 new jobs over the next year to support the company's growth plan.
SUN ZU Lab
Location: Metz, France
Launch date: 2020
Funding Round: Seed
Funding Amount: €1.7M
Total funding received: €3.2M
Funding Sources: Elaia, FunFair Ventures, Kima Ventures, Angel Investors
French fintech SUN ZU Lab, offering liquidity analytics for crypto investors, raised €1.5 million led by Elaia and Kima Ventures. The startup aims to enhance market transparency amidst increasing regulatory scrutiny. The funding will be spent on the doubling its team by 2023.
Space Products and Innovation
Location: Darmstadt, Germany
Launch date: 2015
Funding Round: Seed
Funding Amount: €1.6M
Total funding received: €1.7M
Funding Sources: Galaxia, Obloo, CDP Venture Capital, Innova Venture, Scientifica Venture Capital
Space Products and Innovation specializes in providing modularity solutions. The company offers satellite integration services, which aims to convert satellites into modular systems. The company’s offerings encompass avionics, software architecture, assembly, integration, and testing, ensuring a seamless transformation process for their clients' satellite projects. Space Products and Innovation raised €1.6 million in its recent seed round and is backed by Galaxia, Obloo, CDP Venture Capital, Innova Venture, and Scientifica Venture Capital.
Coana
Location: Aarhus, Denmark
Launch date: 2022
Funding Round: Pre-Seed
Funding Amount: €1.4M
Total funding received: €1.M
Funding Sources: Sequoia Capital, Essence VC, Angel Investors
Danish startup Coana, backed by Sequoia Capital, aims to modernize software composition analysis with its "code aware" approach. Coana has raised €1.4 million in a pre-seed round to develop its tool for identifying relevant vulnerabilities in software supply chains among increasing regulatory scrutiny.
Chipmetrics
Location: Joensuu, Finland
Launch date: 2019
Funding Round: Seed
Funding Amount: €2.4M
Total funding received: €2.4M
Funding Sources: High-Tech Gründerfonds, Innovestor, OCCIDENT, Redstone
Chipmetrics, a Finland-based ALD technology company, raised €2.4 million in a seed round led by High-Tech Gründerfonds and OCCIDENT, with participation from other investors. The funds will be used to enhance product portfolio and expand global sales network. Chipmetrics specializes in metrology solutions for semiconductor manufacturing, focusing on ALD technology.
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