We have already presented interesting CEE startups that closed funding rounds in September and toda, we are going to dive further into the European startup ecosystem and discover more funding rounds that took place in September, the last month of Q3 2022. This time, the directions that attracted investors' interest were Fintech, Energy SaaS, Gaming, AI and Analytics.
Now, let’s check out the TOP 20 September startup funding rounds in Europe!
Satispay
Location: Milan, Italy
Launch date: 2013
Funding Round: Series D €320M
Funding Source: Addition, Block, Coatue, Greyhound Capital, Lightrock, Mediolanum Gestione Fondi SGR, Tencent
Total funding received: €470M
Satispay, founded in 2013, is an Italian mobile payments company that enables merchants to accept payments from customers via their digital devices. Satispay has recently secured a series D in the amount of €320M (at a valuation of approx. €1 billion) from Addition, Block, Coatue, Greyhound Capital, Lightrock, Mediolanum Gestione Fondi SGR, and Tencent, while funding itself will be allocated to continue the growth in Italy and internationally.
Innovafeed
Location: Paris, France
Launch date: 2016
Funding Round: Series D €250M
Funding Source: ABC Impact, ADM Ventures, Cargill, Creadev, Future French Champions, Grow Forward, IDIA Capital Investissement, Qatar Investment Authority, Temasek Holdings
Total funding received: €445M
Paris-based Innovafeed, founded in 2016, is a biotechnology and agricultural company focused on the production of insects for animal and plant nutrition. The startup has recently secured a series D round of €250M from ABC Impact, ADM Ventures, Cargill, Creadev, Future French Champions, Grow Forward, IDIA Capital Investissement, Qatar Investment Authority, and Temasek Holdings. The funding will be allocated to accelerating further growth.
Tesseract Energy
Location: London, UK
Launch date: 2022
Funding Round: Venture Round €78M
Funding Source: Lakestar, Balderton, Ribbit Capital, BoxGroup, Creandum, Accel, Lowercarbon Capital, and strategic angel investors
Total funding received: €78M
UK-based Tesseract Energy is an energy company founded in 2022 by Revolut Alumni with a goal to fix the broken energy sector with commission-free energy that is 10x better and 100% renewable. Tesseract has recently been supported by Lakestar, Balderton, Ribbit Capital, BoxGroup, Creandum, Accel, Lowercarbon Capital, and various strategic angel investors. The funds, which were secured during the venture round of €78M, will be used to power the company’s growth.
Sequence
Location: London, UK
Launch date: 2022
Funding Round: Seed €19M
Funding Source: 9Yards Capital, Andreessen Horowitz, Crew Capital, Dig Ventures, Fin Capital, Firstminute Capital, Passion Capital, Salesforce Ventures
Total funding received: €19M
UK-based Sequence, founded in 2022, is a business payments startup that has developed a “low-code” modular software product so that companies can pick and choose what elements of billing, payments and revenue data they need to track. Recently secured funding of €19M during the seed round from 9Yards Capital, Andreessen Horowitz, Crew Capital, Dig Ventures, Fin Capital, Firstminute Capital, Passion Capital, and Salesforce Ventures will be allocated to supporting further growth.
Planted Foods
Location: Zurich, Switzerland
Launch date: 2019
Funding Round: Series B €71M
Funding Source: ACE & Company, Be8 Ventures, ETH Zurich Foundation, Gullspang Re:food, L Catterton, Movendo Capital, TEV Ventures, Vorwerk Ventures
Total funding received: €125M
Planted Foods is a food tech startup producing meat from alternative proteins as peas, oats, and sunflowers. The company secured a series B round of €71M from ACE & Company, Be8 Ventures, ETH Zurich Foundation, Gullspang Re:food, L Catterton, Movendo Capital, TEV Ventures, Vorwerk Ventures, and Yann Sommer, with plans to launch new lines of products and accelerate international expansion.
Podimo
Location: Copenhagen, Denmark
Launch date: 2019
Funding Round: Series B €59M
Funding Source: 83North, Headline, Heartcore Capital, Highland Europe, Saban Ventures
Total funding received: €160M
Podimo is a Copenhagen-based subscription service for podcasts and audiobooks allowing podcasters and content creators to monetize their work in a sustainable way. With the recently secured funding of €59M from 83North, Headline, Heartcore Capital, Highland Europe, and Saban Ventures, the startup will continue its market expansion and product development.
PolyAI
Location: London, UK
Launch date: 2017
Funding Round: Series B €40M
Funding Source: Amadeus Capital Partners, Georgian, Khosla Ventures, Point72 Ventures, Twilio
Total funding received: €66M
PolyAI is a London-based voice assistant platform that enables voice assistants to understand callers no matter how they speak and what language they use. The company has been recently supported by Amadeus Capital Partners, Georgian, Khosla Ventures, Point72 Ventures, and Twilio. Secured funds during the series B round of €40M will support the startup's plans for international expansion and further growth.
Varjo
Location: Helsinki, Finland
Launch date: 2016
Funding Round: Series D €40M
Funding Source: Atomico, EQT Ventures, Foxconn, Lifeline Ventures, Mirabaud Asset Management, Tesi, Volvo Cars Tech Fund
Total funding received: €162M
Finnish Varjo is a hardware company that produces hardware and integrated software dedicated to “professional grade” virtual and augmented reality for industrial and other enterprise applications. Recently secured funds in the series D round of €40M from Atomico, EQT Ventures, Foxconn, Lifeline Ventures, Mirabaud Asset Management, Tesi, and Volvo Cars Tech Fund will be used to further work on R&D activities.
eSmart Systems
Location: Halden, Norway
Launch date: 2012
Funding Round: Series B €40M
Funding Source: Arosa Capital Management, Energy Impact Partners, Equinor Technology Ventures, Future Energy Ventures, Kongsberg Gruppen, Nysno
Total funding received: €99M
Norway-based eSmart Systems, founded in 2012, is a provider of AI driven software to inspect and maintain critical energy infrastructure. Company has recently secured a series B round in the amount of €40M from Arosa Capital Management, Energy Impact Partners, Equinor Technology Ventures, Future Energy Ventures, Kongsberg Gruppen, and Nysno. Raised funds will be used to accelerate commercial development and international growth.
Latana Brand Tracking
Location: Berlin, Germany
Launch date: 2013
Funding Round: Series B €36M
Funding Source: Balderton Capital, Kreos Capital, Oxx
Total funding received: €45M
Berlin-based Latana Brand Tracking, founded in 2013, is a brand tracking and consumer insights platform that uses advanced statistical processing techniques to provide marketers with accurate, timely, and affordable brand marketing data. Startup has recently secured a €36M series B round from Balderton Capital, Kreos Capital, and OXX. The raised funding will be allocated to the further development of the platform.
Localyze
Location: Hamburg, Germany
Launch date: 2018
Funding Round: Series B €35M
Funding Source: Frontline Ventures, General Catalyst, Visionaries Club, Web Summit
Total funding received: €48M
UK-based Localyze, founded in 2018, is B2B SaaS startup working on a platform allowing employers to manage international teams (i.e. staff relocation or hiring international talents). Y-combinator based startup has recently closed a series B round of €35M from Frontline Ventures, General Catalyst, Visionaries Club, and Web Summit. Recent funding will enable company to launch its activities in the US.
ottonova
Location: Munich, Germany
Launch date: 2015
Funding Round: Series F €34M
Funding Source: Cadence Growth Capital, Earlybird Venture Capital, HV Capital
Total funding received: €175M
ottonova, founded in 2015, is a German-based insurance startup that offers private health insurance with personal consultations via chats and other digital services. The recently secured series F round of €34M from Cadence Growth Capital, Earlybird Venture Capital, HV Capital will fuel further growth.
Hadean
Location: London, UK
Launch date: 2015
Funding Round: Series A €30M
Funding Source: 2050, Alumni Ventures, Aster Capital, Entrepreneur First, Epic Games, In-Q-Tel, Molten Ventures
Total funding received: €65M
London-based Hadean, founded in 2015, is a metaverse infrastructure technology startup working on a distributed cloud platform enabling scalability, security, and interoperability. The startup has recently secured a series A round of €30M from 2050, Alumni Ventures, Aster Capital, Entrepreneur First, Epic Games, In-Q-Tel, and Molten Ventures which will be invested in technology development.
Ledgy
Location: Zurich, Switzerland
Launch date: 2017
Funding Round: Series B €22M
Funding Source: btov Partners, New Enterprise Associates, Sequoia Capital, Speedinvest, VI Partners, Visionaries Club
Total funding received: €33M
Zurich-based Ledgy, founded in 2017, is an equity management platform that helps users navigate the complexities of equity management. The company has recently been supported by btov Partners, New Enterprise Associates, Sequoia Capital, Speedinvest, VI Partners, and Visionaries Club while funds bagged during €22M series B round will be allocated to platform development.
SteelEye
Location: London, UK
Launch date: 2017
Funding Round: Series B €21M
Funding Source: Beacon Equity Partners, Fidelity International Strategic Ventures, Illuminate Financial, Ten Coves Capital
Total funding received: €38M
London-based SteelEye, founded in 2017 is a regtech startup that helps its customers to comply with regulatory requirements in the EU, UK and US markets. Company secured a series B round of €21M from Beacon Equity Partners, Fidelity International Strategic Ventures, Illuminate Financial, and Ten Coves Capital. The raised funding will support North America expansion.
Toqio
Location: London, UK
Launch date: 2019
Funding Round: Series A €20M
Funding Source: AlbionVC, aldeA Ventures, Leandro Sigman, Seaya Ventures, SIX FinTech Ventures, Speedinvest
Total funding received: €28M
German Toqio, founded in 2019, is a fintech startup that allows any company to launch embedded finance services for its business or customers. The startup has recently got support from AlbionVC, aldeA Ventures, Leandro Sigman, Seaya Ventures, SIX FinTech Ventures, and Speedinvest, while funds secured during the series A round of €20M are to fuel broadening activities in Europe.
Codacy
Location: Lisbon, Portugal
Launch date: 2020
Funding Round: Series B €15M
Funding Source: Armilar Venture Partners, Bright Pixel, Caixa Capital, EQT Ventures, Faber, Iberis Capital, Join Capital
Total funding received: €29M
Lisbon-based Codacy, founded in 2012, is an automated code review tool that provides info on code quality, security, compliance and performance. Secured funds of €15M from Armilar Venture Partners, Bright Pixel, Caixa Capital, EQT Ventures, Faber, Iberis Capital, and Join Capital will be allocated to further product development.
Workist
Location: Berlin, Germany
Launch date: 2019
Funding Round: Series A €9M
Funding Source: 468 Capital, another.vc, Earlybird Venture Capital, LEA Partners
Total funding received: €11M
Berlin-based Workist, founded in 2019, is a deeptech startup providing organisations of all sizes with an automation platform for document processing. The company has recently secured a series A round in the amount of €9M from 468 Capital, another.vc, Earlybird Venture Capital, LEA Partners, the funds will accelerate further growth and support expansion.
Julaya
Location: Paris, France
Launch date: 2018
Funding Round: Seed €5M (extension round)
Funding Source: 50 Partners, EQ2 Ventures, Jedar Capital, Kibo Ventures, Orange Ventures, Saviu Ventures, Speedinvest, Unpopular Ventures
Total funding received: €8M
Paris-based Julaya, founded in 2018, is a fintech startup enabling companies to send and collect payments seamlessly through a digital account. The company has recently secured a €5M seed extension round from 0 Partners, EQ2 Ventures, Jedar Capital, Kibo Ventures, Orange Ventures, Saviu Ventures, Speedinvest, and Unpopular Ventures while secured funding will be allocated to expanding operations internationally.
Claimer
Location: Croydon, UK
Launch date: 2019
Funding Round: Seed €4M
Funding Source: Hello World, Moonfire Ventures, Project A Ventures, TrueSight Ventures
Total funding received: €4M
UK-based Claimer, founded in 2019, is a fintech startup enabling companies to claim financial incentives from the government. The company has recently closed a seed funding round of €4M from Hello World, Moonfire Ventures, Project A Ventures, and TrueSight Ventures. Secured funds will be used to expand its operations.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase.
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TOP European Funding Rounds Closed In August 2022 (Konrad Koncerewicz, Head of VC & Startups, Vestbee)
TOP European Funding Rounds Closed In July 2022 (Konrad Koncerewicz, Head of VC & Startups, Vestbee)
TOP European Funding Rounds Closed In June 2022 (Konrad Koncerewicz, Head of VC & Startups, Vestbee)
