July brought a surge of innovative startups that gained investor interest. In our previous update, we spotlighted compelling ventures from Central and Eastern Europe that secured funding during the same period. Now, let's delve into the roster of the 50 most noteworthy European startup funding rounds in July!
EGYM
Location: Munich, Germany
Launch date: 2011
Funding Round: Series F, € 207M
Funding Source: Affinity Partners, Bayern Kapital, Mayfair Equity Partners
Total funding received: € 374M
EGYM is a fitness technology company that offers connected hardware (proprietary gym equipment) and software (applications and diagnostics) to optimise workout routines on EGYM's own equipment and other fitness gear. EGYM empowers gym operators to design workout plans guided by data-driven insights. In 2022, the company achieved a revenue of € 117.9 million, showcasing a 70% annual growth. EGYM is backed by Affinity Partners, Bayern Kapital and Mayfair Equity Partners.
Aphea.Bio
Location: Zwijnaarde, Belgium
Launch date: 2017
Funding Round: Series C, € 70M
Funding Source: Agri Investment Fund, Astanor Ventures, Bill & Melinda Gates Foundation, BNP Paribas Fortis, European Circular Bioeconomy Fund, Innovation Industries, Korys, SFPIM
Total funding received: € 101M
Aphea.Bio is a Belgium based agri-tech startup, developing the next wave of biopesticides - green alternatives to chemical pesticides. The company raised €70M in its Series C and is backed by Innovation Industries, joined by Korys Investments, Bill & Melinda Gates Foundation, SFPIM, BNP Paribas Fortis, ECBF, Astanor and AIF. The funds will be directed towards advancing biological research and development and broadening market presence.
Tenpoint Therapeutics
Location: Camborne, England
Launch date: 2020
Funding Round: Series A, € 63.5M
Funding Source: British Patient Capital, Eight Roads Ventures, F-Prime Capital, Qiming Venture Partners USA, Sofinnova Partners, UCL Technology Fund
Total funding received: € 63.5M
Tenpoint Therapeutics, a biotechnology company focused on innovative therapies for degenerative ocular diseases, has officially launched with a substantial € 63.5M in Series A financing round. The funding will drive the development of Tenpoint's regenerative medicine platform, aimed at replacing lost cell types in inherited and age-related ocular conditions. The startup is backed by British Patient Capital, Eight Roads Ventures, F-Prime Capital, Qiming Venture Partners USA, Sofinnova Partners and UCL Technology Fund.
Neko Health
Location: Stockholm, Sweden
Launch date: 2018
Funding Round: Series A, € 60M
Funding Source: Atomico, General Catalyst, Lakestar
Total funding received: € 60M
Neko Health is a Swedish-based health-tech startup with a mission to build a healthcare system that can help people stay healthy through preventive and early detection. The company has developed a new medical scanning technology that makes it possible to do non-invasive and broad check-ups that are quick, convenient and affordable. In just around 10 minutes a patient can be scanned, gathering 50 million data points. The scan is followed by an in-doctor's consultation. Neko has raised € 60M and is backed by Atomico, General Catalyst and Lakestar. The funding will help accelerate Neko Health's strategic plans for expansion, continued investment in R&D, clinical studies, and recruitment of world-class talents.
Tractable
Location: London, England
Launch date: 2014
Funding Round: Series E, € 59M
Funding Source: Georgian, Insight Partners, SoftBank Vision Fund
Total funding received: € 168M
Tractable, London- based startup, utilises AI for rapid accident and disaster recovery assessment. Their technology swiftly analyses damages based on photos, predicting repair costs in minutes. Partnering with insurers like Aviva and Geico, Tractable processes around $7 billion in claims yearly. Backed by investors like Georgian and SoftBank Vision Fund, the startup will use raised capital to invest it in one of its biggest markets - Japan.
Causaly
Location: London, England
Launch date: 2018
Funding Round: Series B, € 53M
Funding Source: EBRD (Investment Firm), ICONIQ Growth, Index Ventures, Marathon Venture Capital, Pentech Ventures, Visionaries Club
Total funding received: € 85M
Causaly is an AI platform that accelerates modelling and computations, streamlining chemical permutation analysis in various contexts. The goal is to mitigate the typical hurdles of dead ends commonly encountered in drug discovery processes. Causaly has already collaborated with 12 major pharmaceutical firms, Gilead, Novo Nordisk, and research giants like FDA or NIEHS. The startup is backed by EBRD, ICONIQ Growth, Index Ventures, Marathon VC, Pentech Ventures, and Visionaries Club.
Sylvera
Location: London, England
Launch date: 2020
Funding Round: Series B, € 50.6M
Funding Source: 9Yards Capital, Bain & Company, Balderton Capital, Fidelity International Strategic Ventures, Index Ventures, Insight Partners, LocalGlobe, Salesforce Ventures, Seedcamp, Speedinvest
Total funding received: € 50M
Sylvera, a carbon data provider, leverages machine learning to incentivize climate action. With funding for team expansion and US market entry, Sylvera creates ML based tools to rate carbon projects using various methodologies, offering verified net zero benchmarks. Trusted by The World Economic Forum, Chevron, Salesforce, and more, Sylvera's rapid growth since 2022 is supported by investors like Bain & Company, Index Ventures, Salesforce Ventures and more.
Sedna
Location: London, England
Launch date: 2020
Funding Round: Series C, € 38.3M
Funding Source: G. K. Goh, Insight Partners
Total funding received: € 78.5M
Sedna is a London-based data-driven B2B SaaS startup that develops a communication platform connecting an organisation's ecosystem with its communication. It leverages data and messages to empower teams with crucial context and efficient email management. The company secured a €38.3 million investment from Insight Partners and G. K. Goh, driving Sedna's expansion by enhancing its platform with AI, data science tools, and seamless email integration partnerships.
Ev.energy
Location: London, England
Launch date: 2018
Funding Round: Series B, € 30M
Funding Source: ArcTern Ventures, Aviva Ventures, Energy Impact Partners, Future Energy Ventures, InMotion Ventures, National Grid Partners (NGP), Wex Venture Capital
Total funding received: € 42.7M
Ev.energy is a London-based smart charging software platform for electric vehicles that has secured €30 million in its Series B funding round. The investment, led by National Grid Partners, with participation from Aviva Ventures, WEX Venture Capital, and InMotion Ventures, as well as Energy Impact Partners, Future Energy Ventures, and ArcTern Ventures, will drive the expansion of EV charging software platform, aiming to connect an additional 400 million energy customers through investors' networks in energy retail, fleet, vehicle, and insurance sectors.
Prolific
Location: London, England
Launch date: 2014
Funding Round: Series A, € 29M
Funding Source: Oxford Science Enterprises, Partech
Total funding received: € 30.7M
Prolific empowers research through efficient and dependable data collection. London-based startup Prolific uses a network of 120,000 participants to rigorously assess AI models, enhancing data reliability. Clients like Google, Stanford, Oxford, King’s College London, and the European Commission utilise the company's participant network to test products, train AI systems and evaluate the efficacy of their human-facing AI applications. Prolific growth has been fueled by revenue from these partnerships and is currently supported by Oxford Science Enterprises and Partech.
Raft
Location: London, England
Launch date: 2014
Funding Round: Series B, € 27M
Funding Source: Bessemer Venture Partners, Dynamo, Eight Roads Ventures, Episode 1, Moguntia Capital
Total funding received: € 43.7M
London-based logistics provider Raft (formerly Vector.ai) has secured € 27M in a recent Series B. Raft's focus is easing logistics challenges arising from post-COVID revenue drops, high staff turnover, and wage inflation. The company creates AI-powered tools to automate manual processes, boosting efficiency and cost-effectiveness. With clients like EMO Trans, OIA Global, and NNR Global Logistics, Raft streamlines the entire freight journey. The funding, led by Eight Roads and joined by Bessemer Venture Partners, Episode 1, Dynamo Ventures, and Moguntia Capital, supports Raft's strategic growth.
Qover
Location: Brussels, Belgium
Launch date: 2016
Funding Round: Series C, € 27.4M
Funding Source: Alven, Anthemis Exponential Ventures, Kreos Capital, Zurich Global Ventures
Total funding received: € 65.4M
Qover specialises in orchestrating embedded insurance, creating a comprehensive safety net that extends globally, highlighting its dedication to innovative InsurTech solutions. The company's platform offers digital insurance infrastructure through an application programming interface (API), streamlining estimate provision and contracts. This benefits firms by optimising claim management and customer support. VCs including Alven, Anthemis, Kreos Capital, and Zurich Global Ventures, participated in this funding round. The newly secured funding is set to accelerate Qover's expansion, drive technological advancements, and facilitate strategic partnerships. Leading companies such as Revolut, Qonto, Monzo or ING have already embraced Qover as their preferred platform for embedded insurance orchestration.
AKUR8
Location: Paris, France
Launch date: 2016
Funding Round: Series Unknown, € 25M
Funding Source: BlackFin Capital Partners, FinTLV Ventures, Guidewire Software
Total funding received: € 68.7M
Akur8 transforms insurance pricing through Transparent AI. The startup's mission is to empower actuaries and pricing teams with quicker, improved decisions. Their cloud-based solution automates pricing model generation while upholding actuarial control, merging Machine Learning speed with the required transparency in regulated insurance rate-making. Akur8 enhances pricing accuracy and speed to market for insurers, with 30+ global clients including AXA, Generali, and Munich Re. The raised capital will fuel international expansion and accelerate product development, enhancing the pricing suite and US-tailored features. The company is supported by BlackFin Capital Partners, FinTLV Ventures, and Guidewire Software.
Leaf Space
Location: Milan, Italy
Launch date: 2014
Funding Round: Series B, € 20M
Funding Source: CDP Venture Capital, Neva SGR, Primo Ventures, RedSeed Ventures, SIMEST, Whysol Investments
Total funding received: € 27M
Leaf Space, a startup based in Milan, has crafted a technology platform that offers essential services needed by microsatellite operators. Established in 2014, Leaf Space presently aids approximately 80 satellites. The recent funding round, led by VCs including CDP Venture Capital, Neva SGR, Primo Ventures, RedSeed Ventures, SIMEST, and Whysol Investments, which will facilitate the expansion of their worldwide ground station network, along with the addition of multiple new locations.
constellr
Location: Freiburg, Germany
Launch date: 2019
Funding Round: Seed, € 17M
Funding Source: Amathaon Capital, Einstein Industries Ventures, EIT Food, FTTF, Karista, Lakestar, Natural Ventures, OHB Venture Capital, Vsquared Ventures
Total funding received: € 36M
Constellr, a German thermal data startup, creates imaging technology for assessing vegetation, soil health, and industrial monitoring in agriculture using proprietary space infrastructure. The company successfully launched its inaugural system into space via a Northrop Grumman resupply mission in February 2022. Supported by investors like Amathaon Capital, Einstein Industries Ventures, EIT Food, and more, Constellr will utilise its seed funding to expedite the deployment of the next-generation thermal satellites and cater to increasing demand from its US clientele.
Dioxycle
Location: Bordeaux, France
Launch date: 2021
Funding Round: Series A, € 15.5M
Funding Source: Breakthrough Energy Ventures, Gigascale Capital, Lower Carbon Capital
Total funding received: € 15.5M
Dioxycle, a carbon transformation startup from France, is developing an innovative method to create ethylene from recycled carbon emissions on a larger scale. Ethylene is used in everyday items like packaging, clothing, sewage pipes, and car interiors. While this process isn't entirely new, it requires a substantial amount of electrical energy to operate, which can be quite costly and Dioxycle's technology makes it more efficient. The startup is supported by Breakthrough Energy Ventures, Gigascale Capital, and Lower Carbon Capital. Raised capital will be used to boost the company's sales in the American market.
Energy Dome
Location: Lonate Pozzolo, Italy
Launch date: 2021
Funding Round: Series B, € 15M
Funding Source: 360 Capital, CDP Venture Capital, IDO Investments, Vopak Ventures
Total funding received: € 92.7M
Italian startup Energy Dome is advancing energy storage technology, securing € 15M. Energy Dome creates a cost-effective and efficient system for long-duration electricity storage using liquid CO2. This approach transforms intermittent renewable energy into a reliable, continuous power source. Energy Dome’s mission is to play a role in combating climate change by minimising greenhouse gas emissions through efficient long-duration energy storage using liquid CO2. The startup is backed by 360 Capital, CDP Venture Capital, IDO Investments, and Vopak Ventures.
Komi
Location: London, England
Launch date: 2019
Funding Round: Series A, € 10.9M
Funding Source: Antler, Contour Venture Partners, e&, Laffitte Management Group, Live Nation Entertainment, RTP Global, Sony Music Entertainment, Third Prime, Vicus Ventures and Angel Investors
Total funding received: € 16.4M
Komi is a website page builder tool that empowers creators to consolidate their offerings into a personalised hub, making it easier for fans to engage. Komi enables creators to sell products from multiple online stores in one place, offers on-page checkout, marketing tools, and more. The startup has recently launched to the public and announced a Series A funding round led by RTP, Third Prime, Antler, E& Capital, Brighteye Ventures, Contour Ventures, and Vicus Ventures. Additional investors include Sony Music, Live Nation, and Laffitte Management Group.
CYCLE
Location: Berlin, Germany
Launch date: 2018
Funding Round: Series A, € 10.3M
Funding Source: APX, EnBW New Ventures, Founder Collective, LocalGlobe, Scania Growth Capital, SpeedUp Venture Capital Group, Third Sphere, Visionaries Club
Total funding received: € 27.3M
CYCLE is a fast-growing subscription service catering to top delivery companies. The company's focus is to ensure thousands of couriers move safely, swiftly, and comfortably daily, adding value to delivery services and reducing CO2 emissions. CYCLE secured €10.3 million in its Series A funding led by Scania Growth Capital, with participation from Local Globe, EnBW New Ventures, Visionaries Club, and more. This funding will propel CYCLE's European expansion, including the UK, and attract clients from mail and parcel logistics.
Quside
Location: Castelldefels, Spain
Launch date: 2017
Funding Round: Series A, € 10M
Funding Source: Bullnet Capital, Demium Capital, ICF Capital, TechVision Fund, TRUMPF Venture
Total funding received: € 10M
Barcelona's startup Quside designs and manufactures quantum components for connected devices, utilising their unique quantum random number generation tech to fuel advanced encryption solutions. Having worked with industry leaders like EY, Telefónica, and Juniper, Quside aims to expand its product range for accelerated growth and higher production capacity. The startup is backed by Bullnet Capital, Demium Capital, ICF Capital, TechVision Fund and TRUMPF Venture.
Aviwell
Location: Toulouse, France
Launch date: 2021
Funding Round: Seed, € 9M
Funding Source: Elaia, MFS Investment Management
Total funding received: € 13.1M
Aviwell is an AI-based platform that creates sustainable animal health solutions to enhance global food security. Headquartered in Toulouse, France, with sales offices in Boston, USA, the startup's solution relies on proprietary biostatistical algorithms, extensive expertise in microbiology and physiology, and native and adaptive biomimicry. This approach enables the development of feed solutions that notably enhance animal growth and health for farmers. The company is backed by Elaia and MFS Investment Management.
73 Strings
Location: Paris, France
Launch date: 2018
Funding Round: Series A, € 9.1M
Funding Source: Blackstone Innovations Investments, Fidelity International Strategic Ventures
Total funding received: € 9.1M
73 Strings, headquartered in Paris, France, specialises in digitising alternative investments. The company focuses on providing valuation and portfolio monitoring solutions for the private capital industry, utilising AI-augmented technology fueled by decades of expertise in corporate finance and private assets. Startup has two core offerings, Qubit X (Valuation for Equity and Credit) and Graviton X (Data Collection & Monitoring). With a Series A funding led by Blackstone Innovations Investments and Fidelity International Strategic Ventures (FISV), and participation from Broadhaven Ventures, 73 Strings is positioned for expansion.
eflow
Location: London, England
Launch date: 2004
Funding Round: Series A, € 9.1M
Funding Source: Atempo Growth, Finch Capital, Scale-up Group
Total funding received: € 8.1M
London-based eflow, has secured €9.1 million in a Series A funding round led by Finch Capital, alongside Atempo and ScaleUp Group partners. Specialising in compliance solutions for over 100 global financial firms, eflow offers software for market abuse surveillance, transaction reporting, and more. The funding will fuel their expansion in North America and the Asia-Pacific region.
Infraspeak
Location: Oporto, Portugal
Launch date: 2015
Funding Round: Series A, € 7.5M
Funding Source: 500 Global, Bright Pixel, Caixa Capital
Total funding received: € 22.7M
Infraspeak is a tech company based in Portugal that has developed an intelligent maintenance management platform. The platform offers centralised maintenance management tailored to individual companies, allowing seamless integration of assets, IoT devices, hardware, and software. This transforms data into immediate actionable insights. Infraspeak secured a €7.5 million funding extension from Bright Pixel, Caixa Capital, and 500 Global. The startup has been trusted by more than 750 companies across 30 countries, including Siemens, Primark and Marriott.
ECO Group
Location: Bad Homburg, Germany
Launch date: 2022
Funding Round: Series A, € 7.5M
Funding Source: Acton Capital, Fair Capital Partners Impact Investing
Total funding received: € 7.5M
ECO Group is a German startup with a mission to redefine eco-products as those surpassing sustainability standards, from certified natural ingredients to reduced plastic usage. Uniting emerging eco brands, they amplify their impact towards a more sustainable world. ECO Group secured funding amounting to € 7.5 million in Series A and is backed by Acton Capital and Fair Capital Partners Impact Investing.
Ivy
Location: Munich, Germany
Launch date: 2021
Funding Round: Seed, € 7M
Funding Source: 10x Founders, Creandum and Angel Investors
Total funding received: € 8.5M
Ivy, a startup specialising in instant bank payments, has secured €7 million in a seed investment round. The funding was led by Creandum, along with participation from 10x Founders and Angel Investors. Ivy's solution enables merchants to accept instant bank payments directly at the checkout, effectively reducing transaction fees and accelerating transaction speed. With these funds, Ivy will further enhance its API for instant bank payments, streamlining the process by eliminating intermediary fees and significantly expediting transactions.
Kinnu
Location: London, England
Launch date: 2021
Funding Round: Seed, € 5.9M
Funding Source: Cavalry Ventures, Jigsaw, LocalGlobe, Spark Capital, Angel Investors
Total funding received: € 5.9M
Kinnu, based in London, is an edTech startup with a mission to revolutionise learning with its AI-powered engine. Users can explore diverse subjects like AI, art, fasting, and more. The startup recently secured € 5.9M million in seed funding led by LocalGlobe and Cavalry Ventures, with participation from Spark Capital and Angel Investors.
RenerCycle
Location: Pamplona, Spain
Launch date: 2022
Funding Round: € 5.9M
Funding Source: InnoEnergy
Total funding received: € 5.9M
RenerCycle, a Spanish startup, secured € 5.9M. Startup’s mission is to dismantle wind farms, refurbish components, and lead recycling efforts. RenerCycle advances sustainability in the wind energy sector through industrial recycling of composite materials like blades and nacelles, recovery of structural metal elements for reuse, and wind farm dismantling with component refurbishing for the spare parts market. The company is backed by InnoEnergy.
Outverse
Location: London, England
Launch date: 2021
Funding Round: Seed, € 5.4M
Funding Source: Connect Ventures, Notion Capital, Seedcamp, Tiny VC, Wing Venture Capital
Total funding received: € 6.6M
Outverse, based in London and currently in beta, presents a 'full-stack' community platform designed for contemporary SaaS enterprises. It enables product teams to engage customers and users via adaptable discussions, feedback, support, and knowledge exchange. The platform seamlessly integrates with vital tools such as Slack and Figma, boasting AI-powered information retrieval and branding advantages. Outverse's seed round secured €5.4 million in funding, with a support from VCs including Notion Capital, Seedcamp, Connect Ventures, Tiny VC, and Wing Venture Capital.
ThingTrax
Location: London, England
Launch date: 2015
Funding Round: Seed, € 4.9M
Funding Source: Concentric, Haatch, Portfolio Ventures, Puma Private Equity, SuperSeed Ventures, Vinci Venture Capital
Total funding received: € 8.2M
London-based Thingtrax has secured €4.9 million to drive its mission of modernising manufacturing efficiency through cloud computing, robotics, IoT and AI. Thingtrax ‘s solution provides real-time insights to streamline processes and cut costs. With a diverse client base including Berry, Carlco, RGE Group, and Southern Champion spanning various continents, Thingtrax is making a global impact. The startup is backed by Concentric, Haatch, Portfolio Ventures, Puma Private Equity, SuperSeed Ventures and Vinci Venture Capital.
vilisto
Location: Hamburg, Germany
Launch date: 2016
Funding Round: Series A, € 5M
Funding Source: E.R. Capital Holdings, SET Ventures
Total funding received: € 5M
Hamburg-based climate tech startup Vilisto created automated radiator thermostats, cutting heating energy by up to 40%. Vilisto's uses integrated sensors and self-learning algorithms for efficient energy reduction, targeting non-residential buildings and significantly curbing CO2 emissions. The company secured €5 million in its Series A, led by SET Ventures and E.R. Capital Holding.
DGG
Location: Darmstadt, Germany
Launch date: 2018
Funding Round: Seed, € 4M
Funding Source: 3VC, FTTF, IRIS, Rendered VC
Total funding received: € 4.7M
DGG, headquartered in Darmstadt, is a tech company specialising in real-time 3D content creation. Their flagship product, RapidCompact, automates the generation of optimised 3D assets for diverse platforms, from Web to AR and XR, saving creative teams time. A recent €4 million funding round, led by IRIS alongside VCs like RenderedVC and FTTF, fuels DGG's expansion.
Algori
Location: Madrid, Spain
Launch date: 2019
Funding Round: Seed, € 3.3M
Funding Source: Change Ventures, Flashpoint, Shilling and Angel Investors
Total funding received: € 3.3M
Madrid-based startup Algori specialises in data insights for the consumer goods industry. Algori has secured €3.3 million in its seed funding, increasing its total funding to €4.3 million. The funding round was co-led by Shilling Capital and Change Ventures, with participation from Flashpoint VC and Angel Investors. The capital infusion will fuel business expansion in Spain, enhance data science capabilities, and facilitate entry into new Western European markets.
Comand AI
Location: Paris, France
Launch date: 2023
Funding Round: Seed, € 3M
Funding Source: Frst, Kima Ventures, Tiny VC
Total funding received: € 3M
Comand AI, a tech startup form France, has secured €3 million in its Seed round led by Frst. Startup’s mission is to impact military command and control using artificial intelligence. Comand AI’s platform accelerates battle planning, enhancing responsiveness in unpredictable scenarios. Comand AI aims to equip NATO armed forces with operational solutions. The secured funding will build a top-tier team and drive the company's mission to reshape defence through transformative AI capabilities.
Weflow
Location: Berlin, Germany
Launch date: 2021
Funding Round: Seed, € 2.9M
Funding Source: Cherry Ventures, Gradient Ventures, Hello World, Angel Investors
Total funding received: € 5.3M
Webflow has a mission to enhance web design by empowering its customers to create powerful websites and applications without coding. The startup has over 45,000 paying customers on board and has recently secured € 2.9M. The company is backed by Cherry Ventures, Gradient Ventures, Hello World and Angel Investors.
Bea Fertility
Location: London, England
Launch date: 2020
Funding Round: € 2.9M
Funding Source: Calm/Storm Ventures, Forward Partners, JamJar Investments, Octopus Ventures, QVentures
Total funding received: € 3.9M
Béa Fertility is a fertility tech startup that has secured €2.9 million in funding led by Octopus Ventures, along with JamJar and Forward Partners, elevating its total funding to €3.9 million. The company's focus is on transforming fertility care through clinical-grade at-home treatments. Their innovative Béa Treatment Kit is priced at £350 for three Intracervical Insemination (ICI) cycles.
RideTandem
Location: London, England
Launch date: 2019
Funding Round: Seed, € 6.9M
Funding Source: 1818 Venture Capital, Ascension, Blackfinch Ventures, FirstMonday VC, Low Carbon Innovation Fund, Rainmaking Impact
Total funding received: € 3.9M
London-based startup RideTandem has secured £2.3 million in funding, bringing its total funding to £5 million. The funding round was led by Blackfinch Ventures, with participation from FirstMonday VC and Rainmaking Impact, as well as 1818 Venture Capital and Low Carbon Innovation Fund. RideTandem specialises in sustainable mobility solutions outside urban areas. It collaborates with local transport companies to provide shared transport options, connecting people in transport underserved areas with job opportunities.
Propel
Location: Berlin, Germany
Launch date: 2019
Funding Round: Seed, € 2.5M
Funding Source: APX, Future of Learning Fund, Golden Egg Check Capital, No Such Ventures
Total funding received: € 2.6M
Berlin-based tech startup, Propel, focuses on solving challenges faced by tech talent communities. Their all-in-one platform assists developer groups, training schools, and other communities in facilitating connections to job opportunities, access to financial services, and various benefits. Propel has secured €2.5 million in seed funding to further develop its platform. No Such Ventures led the funding round, joined by APX, Golden Egg Check, and the Future of Learning Fund.
DBtune
Location: Lund, Sweden
Launch date: 2020
Funding Round: Seed, € 2.4M
Funding Source: 42CAP, Axeleo Capital, Exxeta Ventures, JVH Ventures, Tiny Super Computer Investment Company, Angel Investors
Total funding received: € 2.8M
DBtune streamlines database tuning, allowing administrators to focus on strategic initiatives and boost efficiency. The startup's cloud and on-prem service helps users effortlessly optimise their database systems, reducing computing resource requirements, cutting cloud costs, and aligning with environmental goals. DBtune has secured €2.4 million in seed funding led by 42Cap, along with participation from Axeleo Capital, Tiny Supercomputer Investment Company, Exxeta Ventures, JVH Ventures, and Angel Investors. The funding will fuel the expansion of DBtune's AI-based database performance optimization solution.
Materials Nexus
Location: London, England
Launch date: 2020
Funding Round: Seed, € 2.3M
Funding Source: Ada Ventures, Carbon13, ETCapital, G-Force, High-Tech Grunderfonds, Katapult, MD ONE Ventures, University of Cambridge, Angel Investors
Total funding received: € 2.3M
Materials Nexus, a U.K.-based deep tech AI and quantum mechanics company, has successfully closed a € 2.3M seed round led by Ada Ventures. Materials Nexus focuses on enhancing net-zero technologies such as renewable energy generation and storage. Their AI model accelerates material discovery by reducing the need for physical tests, enabling faster product development. The company collaborates with businesses to identify patent-worthy materials and aims to establish a production facility for selling materials to larger companies.
Rapidata
Location: Zurich, Switzerland
Launch date: Undisclosed
Funding Round: € 1.5M
Funding Source: Acequia Capital (AceCap), BlueYard Capital
Total funding received: € 1.5M
Zurich-based startup Rapidata’s service speeds up data labelling for machine learning and AI tasks. Rapidata delivers human-verified data labelling and processing on a large scale through its distinctive approach—an innovative cloud-based "human processing unit." This unit is built on a vast network of users spanning the globe. The company has secured €1.5 million in funding from prominent investors including BlueYard Capital and Acequia Capital.
Space DOTS
Location: London, England
Launch date: 2021
Funding Round: Pre-Seed, € 1.3M
Funding Source: 7percent Ventures, Blue Wire Capital, Boost VC, Sie Venture
Total funding received: € 2.7M
London-based startup Space DOTS has successfully raised $1.5 million in pre-seed funding, with VCs including Boost VC and Sie Ventures. The company's innovative solution addresses two critical challenges in the space industry: accelerating materials development and minimising mission failures. Space DOTS developed the modular product designed to seamlessly integrate with diverse launch platforms and orbits. This adaptability allows for advanced testing beyond microgravity.
ChargeX
Location: Munich, Germany
Launch date: 2017
Funding Round: Series B, € 11.5M
Funding Source: Bayern Kapital, BonVenture, Energie360, Ponooc, UVC Partners, Verve Ventures
Total funding received: € 16M
ChargeX, a Munich-based electric vehicle charging solution provider that has successfully raised €11.5 million in its Series B financing. The funding round was led by UVC Partners and included participation from Bayern Kapital's Bayern 2 growth fund, Ponooc, Verve Ventures, as well as existing investors Energie 360° and BonVenture.
Umedeor
Location: London, England
Launch date: 2017
Funding Round: Series A, € 16.7M
Funding Source: 11.2 Capital, AlbionVC, Delin Ventures, Playfair Capital
Total funding received: € 16M
Umedeor (uMed), a health and research technology company, has secured € 16.7M in its recent capital funding round. The funding, supported by VCs including Delin Ventures, AlbionVC, Playfair Capital, and Silicon Valley's 11.2 Capital, will be utilised to enhance participation in clinical trials. uMed's platform efficiently identifies and engages suitable patients, collecting valuable prospective data to address essential clinical inquiries.
DATAGALAXY
Location: Lyon, France
Launch date: 2015
Funding Round: Seed, € 9.1M
Funding Source: AV8 Ventures, Evolem Start, Newfund, Orange Ventures
Total funding received: € 10.8M
DataGalaxy, a modern data governance and data catalogue solution, has successfully raised € 9.1M. DataGalaxy’s platform enables all users, not just data teams, to effectively manage data knowledge, make informed decisions, and unlock valuable insights for business advancement. The company has gained traction among over 120 renowned brands like Dior, Swiss Life, Technip Energies, TotalEnergies, and Sephora. Startup is backed by AV8 Ventures, Evolem Start, Newfund and Orange Ventures.
ScorePlay
Location: Lisbon, Portugal
Launch date: 2015
Funding Round: Seed, € 4.5M
Funding Source: 35V, another.vc, Counterpart Advisors, Seven Seven Six, Angel Investors
Total funding received: € 5.9M
ScorePlay, a Lisbon-based AI digital asset manager, has raised € 4.5M in a seed round. The company offers an all-in-one AI-powered media system for sports, helping organisations automate indexing, management, and distribution of digital assets. This streamlines workflows, enhances creativity, and delivers engaging content to meet the evolving demands of sports fans. ScorePlay is backed by 35V, another.vc, Counterpart Advisors, Seven Seven Six and Angel Investors.
eaze
Location: Berlin, Germany
Launch date: 2015
Funding Round: Pre-Seed, € 1.7M
Funding Source: APX, Barmenia Next Strategies, HEARTFELT, Redstone, Angel investors
Total funding received: € 1.7M
Berlin-based startup eaze offers a personalised sleep coaching app using cognitive behavioural therapy (CBT) techniques for long-term sleep solutions. The company recently raised€ 1.7M in pre-seed funding led by Redstone along with PX, Barmenia Next Strategies, HEARTFELT and Angel investors.
GameValues
Location: Berlin, Germany
Launch date: 2019
Funding Round: Pre-Seed, € 1.3M
Funding Source: Sequoia Capital
Total funding received: € 1.3M
GameValues is a Berlin-based startup that works beyond a marketplace and redefines player-game interaction, bridging virtual and tangible realms. The startup’s solution allows for the player's in-game achievements to have real-world value, letting players buy, sell, and trade their in-game stuff seamlessly. The startup is backed by Sequoia Capital and has secured itself € 1.3M in its pre-seed round.
SuperFi
Location: London, England
Launch date: 2021
Funding Round: Pre-Seed, € 900k
Funding Source: Ascension, Fair By Design Fund, Force Over Mass Capital
Total funding received: € 900k
London-based FinTech startup SuperFi has raised €900k in pre-seed funding to address debt prevention. SuperFi's platform offers proactive debt management tools to individuals struggling with the cost of living crisis. Startup is backed by Ascension, Fair By Design Fund and Force Over Mass Capital.
Zelt
Location: London, England
Launch date: 2021
Funding Round: Seed, € 3.1M
Funding Source: Concept Ventures, Episode 1, Village Global, Angel Investors
Total funding received: € 3.1M
HR tech startup Zelt has secured€ 3.1M in seed funding to streamline HR, IT, and financial tasks within a single platform. Co-led by Episode 1 Ventures and Village Global, the round saw participation from Angel Investors and VC scout funds. Zelt targets small businesses, offering simplified processes for payroll, hardware assignment, and annual leave. Zelt aims to alleviate the administrative burden on HR and finance teams by providing an integrated solution for managing various tasks.
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