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05 July 2023·14 min read

Katarzyna Skoneczna

Editor, Vestbee

TOP European Funding Rounds Closed In June 2023

June brought a surge of entrepreneurial success with the diverse range of innovative ventures capturing the investors’ attention. In a previous update, we highlighted intriguing startups from Central and Eastern Europe that successfully secured funding last month. Let's explore the lineup of the top 25 European startup funding rounds in June!

1Komma5°

Location: Hamburg, Germany
Launch date: 2021

Funding Round: Series B, € 430M 

Funding Source: b2venture, Blue Elephant Capital, eCAPITAL, Eurazeo, G2 Venture Partners, Haniel, Norrsken VC, Porsche Ventures and Angel Investors

Total funding received: € 630M 

1KOMMA5° aims to accelerate a CO2-neutral lifestyle for everyone. The startup has developed a convenient one-stop-shop platform for purchasing and installing solar panels, charging stations, and heat pumps, making clean energy more accessible and intelligent. In a recent Series B, the company successfully raised €430 million. 1KOMMA5° is backed by b2venture, Blue Elephant Capital, eCAPITAL, Eurazeo, G2 Venture Partners, Haniel, Norrsken VC, Porsche Ventures, and Angel Investors.

Mistral AI

Location: Paris, France
Launch date: 2023

Funding Round: Seed, € 105M

Funding Source: Bpifrance, Exor, Firstminute Capital, Headline, Index Ventures, JCDecaux Holding SA, La Famiglia, Lightspeed Venture Partners, LocalGlobe, Motier Ventures, Redpoint, Sofina and Angel Investors

Total funding received: € 105M

Mistral AI, headquartered in Paris, is dedicated to developing open-source generative AI models. The company has announced its plans to release the initial models for text-based generative AI in 2024. During its seed funding round, Mistral AI successfully raised €105 million. The startup is funded by Bpifrance, Exor, Firstminute Capital, Headline, Index Ventures, JCDecaux Holding SA, La Famiglia, Lightspeed Venture Partners, LocalGlobe, Motier Ventures, Redpoint, Sofina, and Angel Investors.

Nothing

Location: London, England
Launch date: 2023

Funding Round: Series C, € 88M

Funding Source: C Capital, EQT Ventures, Google Ventures, Highland Europe, Swedish House Mafia

Total funding received: € 232M

Nothing is creating tech products targeted towards the young demographic that seamlessly connect products and services, eliminating barriers between people and technology. The company offers a range of products including wireless headphones and a suite of smart, connected consumer electronics. Nothing has raised €88 million in its Series C and is backed by C Capital, EQT Ventures, Google Ventures, Highland Europe, and Swedish House Mafia.

Synthesia

Location: London, England
Launch date: 2023

Funding Round: Series C, € 82.5M

Funding Source: Accel, FirstMark, Google Ventures, Kleiner Perkins and Angel Investors

Total funding received: € 143.7M

Synthesia is an AI-powered video creation tool that transforms plain text into compelling videos. It enables users to effortlessly create professional video presentations directly in their web browser, eliminating the need for expensive studios, cameras, or complex editing software. Synthesia has gained clients such as Amazon, Johnson & Johnson or Teleperformance. In its recent Series C funding round, Synthesia successfully raised €82.5 M. With this investment, the company aims to accelerate its AI research efforts and further enhance its video editing platform. The startup is backed by Accel, FirstMark, Google Ventures, Kleiner Perkins and Angel Investors.

Pigment

Location: Paris, France
Launch date: 2019

Funding Round: Series C, € 80.7M

Funding Source: Felix Capital, FirstMark, ICONIQ Growth, IVP, Meritech Capital Partners

Total funding received: € 295.4M

Pigment is a business forecasting platform designed to facilitate real-time business strategy. With Pigment, users can explore various future scenarios through interactive charts, simulations, and continuous modelling, allowing for an understanding of potential outcomes and their impact on the business. Synthesia raised € 80.7M and is backed by Felix Capital, FirstMark, ICONIQ Growth, IVP and  Meritech Capital Partners.

Volt.io

Location: London, England
Launch date: 2019

Funding Round: Series B, € 55M

Funding Source: Augmentum Fintech, CommerzVentures, EQT Ventures, Fuel Ventures, IVP

Total funding received: € 80.5 M

Volt is building the infrastructure for real-time payments worldwide, aiming to create a unified gateway that enables seamless account-to-account payments globally. The recent Series B round will fuel Volt's expansion effort and enhance its product suite by including cash management solutions. The company received funding from VCs such as Augmentum Fintech, CommerzVentures, EQT Ventures, Fuel Ventures and IVP.

GetHarley

Location: London, England
Launch date: 2019

Funding Round: Series B, € 47.7M

Funding Source: Headline, Index Ventures, Village Global, Visionaries Club

Total funding received: € 61.4M

GetHarley is an online platform that facilitates a connection between consumers and physicians, providing personalised skin care solutions. Through GetHarley, individuals can connect with clinicians, either in-person or through video conferencing, receive treatment plans and access to skin care products. In its Series B round, GetHarley successfully raised € 47.7M. The startup is backed by Headline, Index Ventures, Village Global and Visionaries Club

Gensyn

Location: London, England
Launch date: 2020

Funding Round: Series A, € 39.4M

Funding Source: a16z crypto, Canonical Crypto, CoinFund, Eden Block, Id4 ventures, M31 Capital, Maven 11 Capital, Peer Venture Partners, Protocol Labs, Zee Prime Capital

Total funding received: € 45.8M

Gensyn is a London-based startup that has developed a blockchain-based marketplace protocol. This protocol allows developers to build AI systems by utilising connected hardware and paying for compute power on demand.The startup has raised € 39.4M in a Series A funding round and is backed by VCs such as a16z crypto, Canonical Crypto, CoinFund, Eden Block, Id4 ventures, M31 Capital, Maven 11 Capital, Peer Venture Partners, Protocol Labs, and Zee Prime Capital.

Uncommon

Location: Cambridge, England 
Launch date: 2017

Funding Round: Series A, € 28M

Funding Source: Balderton Capital, East Alpha, Lowercarbon Capital, Redalpine

Total funding received: € 30.09M

Uncommon provides individuals with the experience of meat while prioritising their health, the well-being of the planet, and animal welfare. The company leverages cell culture techniques to cultivate meat from a small sample of animal cells. In its recent Series A, the startup has successfully raised € 28M. Uncommon is backed by Balderton Capital, East Alpha, Lowercarbon Capital and Redalpine.

Dexory

Location: London, England
Launch date: 2015

Funding Round: Series A, € 17.3M

Funding Source: Atomico, Capnamic Ventures, Kindred Capital, Lakestar, Maersk Growth

Total funding received: € 34,8M

Dexory captures real-time insights of warehouse operations using fully autonomous robots and AI, allowing it to build digital twin technology and unlock insights across all levels of warehouse operations. Dexory’s platform provides valuable information for receiving, storing, and dispatch stages, allowing companies to optimise their operations. The robots measure, track, and find goods without disrupting workflows, while data is fed into digital twins for quick response to operational challenges. The startup has successfully raised its Series A with the amount of € 17.3M, being funded by Atomico, Capnamic Ventures, Kindred Capital, Lakestar and Maersk Growth. 

Payrails

Location: Berlin, Germany
Launch date: 2021

Funding Round: Seed Round, € 13.2M

Funding Source: Andreessen Horowitz, EQT Ventures, General Catalyst, HV Capital

Total funding received: € 19M

Payrails develops a payment operating system for high-growth companies to craft their payment experiences and financial services globally. Their ledger-based operating system allows enterprises to build, operate, and scale payment acceptance and embed financial services without the need for a costly and complex in-house infrastructure. Payrails closed its Seed raising the amount of € 13.2M, being funded by EQT Ventures as a leading investor, alongside Andreessen Horowitz, General Catalyst and HV Capital.

Griffin

Location: London, England
Launch date: 2017

Funding Round: Series A, € 12.8M

Funding Source: EQT Ventures, MassMutual Ventures, Notion Capital, Seedcamp

Total funding received: € 38.7M

Griffin provides banking-as-a-service solutions, empowering companies to create and introduce their own financial services products. Griffin’s platform serves as an operating system for embedded finance, offering an all-in-one solution that simplifies the process of entering the fintech market. In its recent Series A, the startup has successfully raised the amount of € 12.8M. The company is backed by EQT Ventures, MassMutual Ventures, Notion Capital and Seedcamp.

SPARETECH

Location: Stuttgart, Germany
Launch date: 2018

Funding Round: Series A, € 10M 

Funding Source: Headline, Insight Partners 

Total funding received: € 15.3M

SPARETECH offers a collaborative platform designed to assist manufacturing companies in digitising their spare part inventories, accurately estimating demand, comparing parts from multiple suppliers, and sourcing the most suitable parts both internally and externally. SPARETECH’s solution enables customers to optimise sourcing and utilisation within their production networks. The company has raised funding amounting to € 10M in its Series A and is backed by Headline and Insight Partners.

Vyoma

Location: Darmstadt, Germany,
Launch date: 2020

Funding Round: Seed, € 8.5M

Funding Source: Atlantic Labs, Happiness Capital, Safran Corporate Ventures

Total funding received: € 8.5M

Vyoma enables the monitoring and tracking of space objects, facilitating precise navigation and implementing collision avoidance measures. The company achieves this by leveraging camera technology on satellites and integrating machine learning-supported automation services. In its Seed round, Vyoma raised € 8.5M. The startup is backed by Atlantic Labs, Happiness Capital and Safran Corporate Ventures.

REVER

Location: Barcelona, Spain
Launch date: 2022

Funding Round: Seed, € 7.5M

Funding Source: Acacia Venture Capital Partners, Alma Mundi Ventures, Barlon Capital, Galdana Ventures, Sequoia Capital, Y Combinator

Total funding received: € 8.8M

REVER enables customers to return any e-commerce purchased product with just two clicks and receive a refund instantly. Additionally, REVER offers customers the option of instant payment, eliminating the typical two-week waiting period in exchange for a commission. The company raised €7.5M in its Seed round with support from VCs including Acacia Venture Capital Partners, Alma Mundi Ventures, Barlon Capital, Galdana Ventures, Sequoia Capital, and Y Combinator.

Bdeo

Location: Madrid, Spain
Launch date: 2016

Funding Round: Series B, € 7.5M

Funding Source: Armilar Venture Partners, BlackFin Capital Partners, Centre for the Development of Industrial Technology (CDTI), Hollard Insurance, K Fund, Íope Ventures

Total funding received: € 13.8M

Bdeo’s visual intelligence solutions provide insurance companies with tools to capture and analyse visual data, making the inspection and evaluation processes for motor and home insurance more accurate, efficient, and cost-effective. Bdeo automates and streamlines their clients’ underwriting, claims, and vehicle assessment operations, significantly reducing processing times from weeks to minutes. The company raised €7.5M in its Series B and is backed by Armilar Venture Partners, BlackFin Capital Partners, Centre for the Development of Industrial Technology (CDTI), Hollard Insurance, K Fund and Íope Ventures.

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Scriptic (Electric Noir Studios)

Location: London, England

Launch date: 2017

Funding Round: Seed, € 5.2M

Funding Source: Amazon Alexa Fund, BITKRAFT Ventures, Tower 26 Ventures

Total funding received: € 7.5M

Scriptic, formerly known as ElectricNoir, is a London based entertainment studio focused on creating a diverse catalogue of interactive phone-first shows and exploring the use of generative AI in the entertainment industry. The startup recently concluded its Seed round, raising €5.2M in a second close. BITKRAFT Ventures led the investment, with contributions from Tower 26 and the Amazon Alexa Fund. The funding will be utilised to further develop and expand Scriptic's content pipeline.

Airmo

Location: Weßling, Germany
Launch date: 2022

Funding Round: Pre-seed, € 5.3M

Funding Source: Ananda Impact Ventures, Antler, E2MC Ventures, Findus Venture, Pi Labs and Angel Investors

Total funding received: € 5.7M

Airmo is a space technology company that specialises in providing an independent and reliable data source for locating, quantifying, and tracking carbon dioxide and methane emissions. Airmo's satellites can accurately detect and measure data crucial for understanding sources and patterns of greenhouse gas emissions, allowing governments, organisations, and researchers to make informed decisions and develop strategies for mitigating climate change. The company raised € 5.3M in its pre-seed round and is backed by Ananda Impact Ventures, Antler, E2MC Ventures, Findus Venture, Pi Labs and Angel Investors.

Oliva Health

Location: Barcelona, Spain

Launch date: 2020

Funding Round: Seed, € 5M

Funding Source: Alumni Ventures, Molten Ventures, Stride.VC and Angels Investors

Total funding received: € 12.5M

Oliva Therapy is an online therapy platform, aiming to make mental healthcare a seamless and integral part of modern daily life. The startup eliminates the complexity often associated with seeking therapy, offering personalised therapy sessions with expert-curated therapists. In its recent Seed round, Oliva Therapy raised €5M. The startup is backed by investors including Alumni Ventures, Molten Ventures, Stride.VC, and Angel Investors. The raised capital will enable Oliva, among other goals, to expand its network of 250 specialist therapists.

Graphext

Location: Madrid, Spain
Launch date: 2022

Funding Round: Seed, € 4.2M

Funding Source: Hoxton Ventures, Plug and Play, SaxeCap, Tiny VC, Trajectory Ventures

Total funding received: € 7.5 M

Graphext developed a platform offering a solution for auto-segmenting data, identifying patterns, outliers, and connections. The solution enables businesses to gain valuable insights from their data and address complex challenges related to behaviour analytics. The Graphext platform is designed to handle various types of data, including text, images, numerical data, and categorical information structures.The company raised € 4.2M, being funded by Hoxton Ventures, Plug and Play, SaxeCap, Tiny VC and Trajectory Ventures.

Rhizocore Technologies

Location: Edinburgh, Scotland 
Launch date: 2021

Funding Round: Seed, € 4.1M

Funding Source: Collaborative Fund, Grok Ventures, ReGen Ventures

Total funding received: € 4.7M

Rhizocore Technologies produces locally-adapted mycorrhizal fungi, aiming to enhance the success of tree planting initiatives. Mycorrhizal fungi are symbiotic organisms that form a mutually beneficial relationship with plant roots and facilitate nutrient uptake, enhancing the overall growth and resilience of plants. The focus of Rhizocore Technologies is to provide mycorrhizal fungi that are specifically adapted to local environments. The startup aims to optimise tree planting and contribute to ecosystem restoration, reforestation, and sustainable land management efforts. In its Seed round, Rhizocore Technologies raised € 4.1M. The startup is backed by Collaborative Fund, Grok Ventures and ReGen Ventures.

Delphai

Location: Berlin, Germany 
Launch date: 2020

Funding Round: Series A, € 3.8M

Funding Source: Airbridge Equity Partners, Hyle Capital Partners, Newion, Trafo Investment

Total funding received: € 4.7M

Delphai is a market intelligence software that empowers users to gain a comprehensive understanding of their company's strengths and to explore opportunities for business expansion through intuitive big data analytics. The company raised € 3.8M in its Series A, being supported by Air Bridge Equity Partners, Hyle Capital Partners, Newion and Trafo Investment.

Xonai

Location: London, England

Launch date: 2021

Funding Round: Seed, € 3.2M

Funding Source: Adara Ventures, Deep Science Ventures, Kadmos Capital, Nauta Capital, Notion Capital

Total funding received: € 3.2M

Xonai is a software development company that aims to optimise data processing and analysis workflows to deliver faster and more efficient results. By harnessing the parallel processing capabilities of GPUs (Graphics Processing Units) and other accelerated hardware, Xonai enables organisations to process large volumes of data at significantly accelerated speeds. In its recent Seed round, Xonai raised € 3.2M. The startup is funded by Adara Ventures, Deep Science Ventures, Kadmos Capital, Nauta Capital and Notion Capital.

Commonplace

Location: London, England

Launch date: 2013

Funding Round: € 2.5M

Funding Source: Beringea, Concrete Ventures, Foundation Ventures, Grosvenor Group, Oxford Innovation, The Conduit Connect

Total funding received: € 6.3M

Commonplace developed a platform aiming to facilitate better understanding and collaboration between developers, councils, city managers, and the communities they serve, making the community engagement a seamless and influential part of local planning decisions. In its recent Venture round, Commonplace raised € 2.5M. The startup is backed by Beringea, Concrete Ventures, Foundation Ventures, Grosvenor Group, Oxford Innovation and The Conduit Connect.

Fortu Wealth

Location: London, England

Launch date: 2019

Funding Round: Seed

Funding Source: 500 Global

Total funding received: € 413K

Fortu Wealth is a digital private wealth management platform that combines the convenience of technology with a personalised approach. Designed for high-net-worth individuals and businesses, Fortu offers a borderless, private finance solution, allowing users to access secure and reliable financial services internationally. The platform provides a range of features and tools to manage wealth effectively, offering convenience and flexibility. While the exact amount of the Seed round remains undisclosed, the startup's total funding now amounts €413K. Fortu Wealth is backed by 500 Global.

 

Related Posts:

TOP European Funding Rounds Closed In May 2023 (Katarzyna Skoneczna, Editor, Vestbee)

TOP European Funding Rounds Closed In April 2023 (Katarzyna Skoneczna, Editor, Vestbee)

TOP European Funding Rounds Closed In March 2023 (Paweł Pliszka, Editor, Vestbee)

TOP European Funding Rounds Closed In February 2023 (Aleksandra Woszczyk, Editor, Vestbee)

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



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