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13 April 2023·13 min read

Paweł Pliszka

Editor, Vestbee

TOP European Funding Rounds Closed In March 2023

March was a month of big wins for European startups! Information Technology, Software, FinTech and SaaS were the hot sectors attracting the most investor attention. Curious to know which companies topped the list?

Check out our hand-picked selection of the top European firms that closed funding rounds in March. Get ready to be impressed!

Noema Pharma

Location: Basel, Switzerland
Launch date: 2019
Funding round: Series B €103.4M
Funding source: Forbion Capital Partners, Gilde Healthcare, Invus, Jeito Capital, Polaris Partners, Sofinnova Partners, UPMC Enterprises
Total funding received: €157.6M

Noema Pharma was founded in 2019 and is headquartered in Basel-Stadt, Switzerland. It is a biotech company developing breakthrough treatments for the most debilitating symptoms of rare brain and nervous system disorders. Its research and development efforts are focused on identifying and addressing patient needs through the use of innovative medicines. Forbion Capital Partners, Gilde Healthcare, Invus, Jeito Capital, Polaris Partners, Sofinnova Partners and UPMC Enterprises recently led a €103.4M Series B financing round.

IntegrityNext

Location: Munich, Germany
Launch date: 2016
Funding round: Venture Round €100M
Funding source: EQT Growth
Total funding received: €100M

IntegrityNext was founded in 2016 in Munich, Germany. To meet regulatory requirements and reduce risk, the company enables companies to monitor 100% of their suppliers for sustainability and compliance. Their program automatically collects the necessary supplier self-assessments and certifications, while also monitoring social media for misconduct and reputational threats. They have just raised €100M in a funding round led by EQT Growth.

Ledger

Location: Paris, France
Launch date: 2014
Funding round: Series C €100M
Funding source: 10T Holdings, CapHorn Invest, Cathay Innovation, Cite Gestion, Digital Finance Group (DFG), Korelya Capital, Molten Ventures, Morgan Creek Capital Management, True Global Ventures (TGV), VaynerFund
Total funding received: €524.1M

Founded in Paris in 2014, Ledger develops security and infrastructure solutions for cryptocurrencies and blockchain applications for consumers and businesses using patented technologies. With more than 1,000,000 units sold in over 165 countries, the company has quickly established itself as a global leader in hardware security systems. 10T Holdings, CapHorn Invest, Cathay Innovation, Cite Gestion, Digital Finance Group (DFG), Korelya Capital, Molten Ventures, Morgan Creek Capital Management, True Global Ventures (TGV) and VaynerFund led its recent Series C funding round, which raised €10M.

Medwing

Location: Berlin, Germany
Launch date: 2017
Funding round: Series C €44M
Funding source: Atlantic Labs, Cathay Capital, Cherry Ventures, Hambro Perks Ltd., Northzone, Quadrille Capital, SVB Capital
Total funding received: €72M

Medwing is a Berlin-based job matching and career coaching company for all healthcare professions. The platform uses digitization and automation to ensure that the matching process between professionals and hospitals or care facilities is fast, efficient, transparent, and easy for all parties involved. They just closed a €44M Series C financing round, which was led by Atlantic Laboratories, Cathay Capital, Cherry Ventures, Hambro Perks Ltd, Northzone, Quadrille Capital and SVB Capital.

SESAMm

Location: Paris, France
Launch date: 2014
Funding round: Series B €35M
Funding source: AFG Partners, CEGEE Capital, Elaia, Elevator Ventures, NewAlpha Asset Management, Opera Tech Ventures, The Carlyle Group, Unigestion
Total funding received: €50.5M

SESAMm is a fintech company focused on big data and artificial intelligence for investing. Its people create analytics and investment signals by analyzing billions of online articles and messages using natural language processing and machine learning. AFG Partners, CEGEE Capital, Elaia, Elevator Ventures, NewAlpha Asset Management, Opera Tech Ventures, The Carlyle Group and Unigestion contributed €35M to its latest Series B funding round.

Lunaphore

Location: Lausanne, Switzerland
Launch date: 2014
Funding round: Series D €30.1M
Funding source: Boris Lokschin, One Peak Partners, OpenOcean, Peak, SquareOne
Total funding received: €85.9M

Lunaphore, a Swiss life sciences company founded in 2014, develops technology to enable spatial biology in all laboratories. It provides chip-based methods for extracting spatial proteomic and transcriptomic data from tumours and other tissues, turning any experiment into multiplexed spatial biology with an intuitive interface. They have just raised €30.1M in a Series D round led by Boris Lokschin, One Peak Partners, OpenOcean, Peak and SquareOne.

Hygraph

Location: Berlin, Germany
Launch date: 2017
Funding round: Series B €27.3M
Funding source: Ernst Gohner Stiftung, OCCIDENT, PHC Holdings, Redalpine, Swiss Entrepreneurs Fund
Total funding received: €39.6M

Hygraph is a GraphQL-based federated content management system for digital producers and digital goods, founded in Berlin in 2017. It combines all services with a novel content federation strategy, distributing material from anywhere to anywhere via a single GraphQL API. The company has closed a €27.3M Series B financing led by Ernst Gohner Stiftung, OCCIDENT, PHC Holdings, Redalpine, and the Swiss Entrepreneurs Fund.

APEXX

Location: London, United Kingdom
Launch date: 2016
Funding round: Series B €22.7M
Funding source: Alliance, Forward Partners, MMC Ventures
Total funding received: €33.6M

Founded in the United Kingdom, APEXX provides a payments-as-a-service platform that integrates acquirers, gateways, shopping carts and other payment methods into a single integration. The company consults with its enterprise customers to consolidate their payment provider connections and view all of their reporting and transaction data in a single platform. In its latest Series B round, the company raised €22.7M from Alliance, Forward Partners and MMC Ventures.

Attio

Location: London, United Kingdom
Launch date: 2019
Funding round: Series A €21.4M
Funding source: Balderton Capital, Point Nine, Redpoint
Total funding received: €28.4M

Founded in London in 2019, Attio is the CRM of the future: data-driven, fully customizable, and intuitively collaborative. The Notion is reorganizing, Slack is replacing internal email, and Miro is reimagining whiteboarding. But one thing remains constant: connections. Relationships are the most important aspect of business, yet their tools have been left behind. It's time for a change. Their recent Series A round raised €21.4M from Balderton Capital, Point Nine and Redpoint.

Parloa

Location: Berlin, Germany
Launch date: 2017
Funding round: Series A €20M
Funding source: EQT Ventures, Erik Muttersbach, Hanno Renner, Jens Bormann, Mario Götze, Michael Wax, Newion, Nicolas Peters, Senovo
Total funding received: €24M

Parloa is a conversational AI platform for automating omnichannel customer support via phone bots or chatbots, founded in Berlin in 2017. Large companies such as ERGO, Decathlon, Swisslife and the German Red Cross use Parloa to automate their most important communication channels. This makes it possible to recognize customer complaints in seconds, typically over the phone, and to automate repetitive processes. EQT Ventures, Erik Muttersbach, Hanno Renner, Jens Bormann, Mario Götze, Michael Wax, Newion, Nicolas Peters and Senovo led the €20M Series A funding round.

Innovamat

Location: Barcelona, Spain
Launch date: 2017
Funding round: Venture Round €20M
Funding source: 10X Investments, Axon Partners Group, Barlon Capital, Bonsai Partners, Dozen Investments, Kibo Ventures, Reach Capital
Total funding received: €20.6M

Innovamat, a renowned EdTech company based in Barcelona, was founded in 2017 and has developed math curriculum materials for grades K-12. Its goal is to reinvent math education by transforming the classroom to entertain, inspire, and encourage students. Their latest round of funding brought in €20M from firms such as 10X Investments, Axon Partners Group, Barlon Capital, Bonsai Partners, Dozen Investments, Kibo Ventures, and Reach Capital.

HelloSelf

Location: London, United Kingdom
Launch date: 2018
Funding round: Series B €18.2M
Funding source: Manta Ray Ventures, Octopus Ventures, OMERS Ventures, Oxford Capital Partners
Total funding received: €28.4M

HelloSelf is a health and wellness platform based in London that offers online therapy and life coaching services to help individuals cope with stress. The company's services include stress, anxiety, and confidence tests using professionally validated processes, and patients can book sessions with psychologists and therapists at their convenience. Manta Ray Ventures, Octopus Ventures, OMERS Ventures and Oxford Capital Partners contributed €18.2M to the latest Series B funding round.

Two

Location: Oslo, Norway
Launch date: 2020
Funding round: Series A €18M
Funding source: Alliance, Alumni Ventures, Antler, Day One Ventures, LocalGlobe, Sequoia Capital, Shine Capital, Visionaries Club
Total funding received: €20.5M

Founded in Oslo in 2020, Two is a complete B2B payment suite that makes it easy to sell to both online and offline business customers. With their Buy Now, Pay Later solutions, you can offer your B2B customers flexible, interest-free financing - net terms without the additional credit risk or the need for invoice factoring. The startup just secured €18M in its Series A round led by Alliance, Alumni Ventures, Antler, Day One Ventures, LocalGlobe, Sequoia Capital, Shine Capital and Visionaries Club.

Paytrix

Location: London, United Kingdom
Launch date: 2022
Funding round: Series A €16.6M
Funding source: Bain Capital Ventures, Better Tomorrow Ventures, Clocktower Technology Ventures, D4 Ventures, Fin Capital, Hambro Perks Ltd., Motive Partners, The Fintech Fund, Unusual Ventures
Total funding received: €21.8M

Paytrix, founded in London in 2022, provides payments and banking infrastructure to software companies. The company integrates a regulated curation layer into its network, allowing companies to instantly expand their payments operations overseas. Bain Capital Ventures, Better Future Ventures, Clocktower Technology Ventures, D4 Ventures, Fin Capital, Hambro Perks Ltd, Motive Partners, The Fintech Fund and Unusual Ventures contributed €16.6M to the latest Series A funding round.

MentorShow

Location: Paris, France
Launch date: 2020
Funding round: Series A €15M
Funding source: All Iron Ventures, Christophe ANDRE, Crédit Mutuel Innovation, Educapital, Frédéric Mazzella, Left Lane Capital, Marc Lévy
Total funding received: €19.1M

MentorShow is an online learning and training platform that offers video courses designed and presented by industry professionals. Founded in 2020, it offers a diverse selection of courses in areas such as wellness, leadership, writing, culinary arts, and many more. MentorShow stands out for the high quality of its material, the reputation of its mentors, and the adaptability of its online platform. All Iron Ventures, Christophe ANDRE, Crédit Mutuel Innovation, Educapital, Frédéric Mazzella, Left Lane Capital and Marc Lévy contributed €15M to the recent Series A funding round.

Cubyn

Location: Paris, France
Launch date: 2014
Funding round: Series D €15M
Funding source: 360 Capital, Bpifrance, DN Capital, Eurazeo, Partech Ventures
Total funding received: €72.1M

Founded in Paris in 2014, Cubyn offers fulfilment services for e-commerce. The company comes to your home, bundles your belongings and sends them anywhere in the world. Cubyn allows any e-retailer to benefit from the power of Amazon from the comfort of their own home. They raised €15M in Series D funding from 360 Capital, Bpifrance, DN Capital, Eurazeo and Partech Ventures.

Kiro

Location: Paris, France
Launch date: 2020
Funding round: Series A €13.8M
Funding source: Sofinnova Partners
Total funding received: €13.8M

Founded in Paris in 2020, Kiro is a fast-growing company providing artificial intelligence-based solutions to improve patient care. They want to improve everyone's health by providing people and clinicians with understandable and relevant information. According to the company, medical biology is at the heart of healthcare. They have just raised €13.8M in a Series A funding round led by Sofinnova Partners.

Sifflet

Location: Paris, France
Launch date: 2021
Funding round: Series A €11.6M
Funding source: Bessemer Venture Partners, EQT Ventures, Mangrove Capital Partners
Total funding received: €16.2M

Founded in Paris in 2021, Sifflet is a cloud-native service that helps organizations extract value from their data. In one place, the company delivers data quality, traceability, and visibility. They are a group of dedicated individuals on a mission to minimize data entropy. The company has raised a Series A round of €11.6M. The funding round was led by Bessemer Venture Partners, EQT Ventures and Mangrove Capital Partners.

Connect Earth

Location: London, United Kingdom
Launch date: 2021
Funding round: Seed €5.1M
Funding source: Global Brain Corporation, Gresham House Ventures, Love Ventures, Market One Capital, Mustard Seed Maze, Portfolio Ventures, Super Capital VC, The Norinchukin Bank, Venista Ventures
Total funding received: €6.6M

Connect Earth, a London-based environmental data startup founded in 2021, is democratizing easy access to sustainability data. Its mission is to empower individuals to make sustainable choices by bridging the gap between intention, information, and action with its carbon monitoring API technology. The €5.1M seed round was led by Global Brain Corporation, Gresham House Ventures, Love Ventures, Market One Capital, Mustard Seed Maze, Portfolio Ventures, Super Capital VC, The Norinchukin Bank and Venista Ventures.

BioCorteX

Location: London, United Kingdom
Launch date: 2021
Funding round: Seed €4.5M
Funding source: Hoxton Ventures, Sofinnova Partners
Total funding received: €4.5M

BioCorteX, founded in London in 2021, is a pharmaceutical company that specializes in using microbes to cure neurological diseases. The company believes that everyone, no matter who they are or where they live, deserves effective medicine. Hoxton Ventures and Sofinnova Partners led its latest seed round, which raised €4.5M.

Secfix

Location: Berlin, Germany
Launch date: 2021
Funding round: Seed €3.4M
Funding source: Neosfer, Octopus Ventures
Total funding received: €4.1M

Founded in Berlin in 2021, Secfix helps businesses become secure and compliant in weeks, not months. They are on a quest to automate security and compliance for small and medium-sized businesses. The company helps SMBs develop their own ISMS and automate security requirements such as ISO 27001, SOC 2, TISAX, BSI Grundschutz, GDPR, HIPAA, and DiGA. Neosfer and Octopus Ventures contributed €3.4M to the recent seed round.

Elyn

Location: Paris, France
Launch date: 2022
Funding round: Pre-Seed €2.5M
Funding source: Financiere Saint James, Guillaume Princen, Headline, Marc Menase, Motier Ventures, Sequoia Capital
Total funding received: €2.5M

Elyn is a developer of an automated and unified sales platform aimed at promoting try-before-you-buy sales. It was founded in Paris in 2022. The company's platform easily integrates with the online store and automates the shopping experience, from payment to returns management, allowing e-commerce companies to give their customers the freedom to try before they buy, increasing average basket size and conversion rates. Financiere Saint James, Guillaume Princen, Headline, Marc Menase, Motier Ventures and Sequoia Capital led the recent pre-seed round, which raised €2.5M.

Flowla

Location: London, United Kingdom
Launch date: 2022
Funding round: Pre-Seed €1.2M
Funding source: Antler, Fuel Ventures, Logo Ventures, ScaleX Ventures
Total funding received: €1.4M

Flowla, a sales enablement solution founded in London in 2022, allows remote sales teams to combine numerous resources into a single flow and communicate with prospects, providing a customized digital buyer experience. All necessary paperwork and key actions to close deals are housed in Flowla links, eliminating back-and-forth emails and missing attachments. Antler, Fuel Ventures, Logo Ventures and ScaleX Ventures led a €1.2M pre-seed funding round.

1X

Location: Moss, Norway
Launch date: 2014
Funding round: Series A €21.3M
Funding source: Alliance Ventures, OpenAI Startup Fund, Sandwater, Skagerak Capital, Tiger Global Management, Type One Ventures
Total funding received: €33.2M

1X, based in Moss, Norway, was founded in 2014 to bring robots out of factories and into the human world. The company has cracked the code and developed a safe, competent, and economical solution (called EVE) that will soon be used in the security, retail, and food packaging industries. Alliance Ventures, OpenAI Startup Fund, Sandwater, Skagerak Capital, Tiger Global Management and Type One Ventures contributed €21.3M to the latest Series A funding round.

Edurino

Location: Munich, Germany
Launch date: 2021
Funding round: Series A €10.5M
Funding source: b2venture (formerly btov Partners), DN Capital, Emerge Education, FJ Labs, Jens Begemann, Tengelmann Ventures
Total funding received: €13.4M

Edurino, a Munich-based e-learning platform founded in 2021, promotes safe and fun digital learning for children aged 4 to 8. The platform introduces children to digital learning and prepares them for school. The brand, which combines physical toys with digital learning software, invites children to discover the world of learning through play. The startup has just secured a €10.5M in a Series A funding round, which was led by b2venture (formerly btov Partners), DN Capital, Emerge Education, FJ Laboratories, Jens Begemann and Tengelmann Ventures.

Related Posts:

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

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

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



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