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top European funding rounds closed in September by vestbee.com
12 October 2023·26 min read

Katarzyna Skoneczna

Editor, Vestbee

TOP European Funding Rounds Closed In September 2023

With the arrival of September and the autumn season, a fresh wave of startups is leveraging secured funding to accelerate their growth. Discover the top 50 European startups actively advancing their solutions in medtech, edtech, gaming, fintech, insurtech, and more!

Verkor

Location: Grenoble, France
Launch date: 2020
Funding Round: Series C, € 2B
Funding Source: Bpifrance, CMA CGM Ventures, Credit Agricole Assurances, EIT InnoEnergy, EQT Ventures, Macquarie Group, Meridiam, Renault Group
Total funding received: € 2.9B

Verkor is a French low-carbon battery manufacturer that has secured over €2B in Series C funding to build a new gigafactory in Dunkirk. This funding includes €850 million, as well as €500 million loan from the EIB, and French government subsidies totaling around €650 million. Leading the round is Macquarie Asset Management, with participation from Crédit Agricole Assurances, Fonds Stratégique de Participations (FSP), PULSE, CMA CGM Energy Fund, Meridiam, Renault Group, EIT InnoEnergy, Bpifrance, Sibanye-Stillwater, and Airbridge Investments. The initiative is expected to create 1,200 direct and 3,000 indirect jobs. Verkor also partners with Renault Group, aiming to lead in supplying low-carbon batteries to the automotive industry. 

Apollo Therapeutics

Location: Stevenage, United Kingdom
Launch date: 2016
Funding Round: Series C, € 208 M
Funding Source: M&G Plc, Patient Square Capital, Rock Springs Capital
Total funding received: € 323.8 M

Apollo Therapeutics is a biopharmaceutical company with operations spanning UK and LA. The company has successfully raised € 208 M. Apollo Therapeutics collaborates with UK universities; Imperial College London, University College London, and the University of Cambridge, as well as three global pharmaceutical giants: AstraZeneca, GlaxoSmithKline, and Johnson & Johnson Innovation. The secured funding will facilitate the advancement of pipeline programs through the clinical development phase, supporting ongoing drug discovery. The company is backed by M&G Plc, Patient Square Capital and Rock Springs Capital.

Helsing

Location: Berlin, Germany
Launch date: 2021
Funding Round: Series B, € 209 M 
Funding Source: General Catalyst, La Famiglia, Saab
Total funding received: € 311.5 M

Helsing is an AI defence startup, dedicated to crafting advanced AI-driven military solutions. Its solution integrates data from various sources, including infrared radiation, video, sonar, and radio frequencies, to construct a dynamic real-time battlefield visualisation. Helsing has successfully secured €209 million and is backed by General Catalyst, Saab and La Famiglia. The company has strategic plans to speed its expansion efforts in key regions, including France, Germany, and the UK.

Shop Circle

Location: London, UK
Launch date: 2021
Funding Round: Series A, € 113.6 M 
Funding Source: 3VC, 645 Ventures, BlackSheep Ventures, CDP Venture Capital, NFX, Primo Ventures, QED Investors, The Techshop
Total funding received: € 175 M

Shop Circle specialises in AI-driven e-commerce tools and consultancy programs designed to boost sales and elevate the overall customer experience. The company developed a comprehensive suite of both backend and customer-facing tools, tailored to accommodate the needs of e-commerce and assist brands in optimising costs, boosting conversion rates. Shop Circle’s team of experts from companies like Shopify, Amazon or Bloomberg. The startup secured funding from VCs such as 3VC, 645 Ventures, BlackSheep Ventures, CDP Venture Capital, NFX, Primo Ventures, QED Investors and The Techshop. 

Rejuveron Life Sciences

Location: Zurich, Switzerland
Launch date: 2019
Funding Round: Series B, € 71 M 
Funding Source: Apeiron Investment Group, Catalio Capital Management, Mubadala Capital Ventures
Total funding received: € 94.7 M 

Rejuveron Life Sciences is a biotechnology platform dedicated to advancing therapies and technologies aimed at enhancing healthy aging and extending lifespan that has successfully concluded its series B funding, securing €71 million. Rejuveron's valuation is currently $400 million. The company is actively preparing to expand its presence in the Emirate of Abu Dhabi. The company is backed by Apeiron Investment Group, Catalio Capital Management and Mubadala Capital Ventures.

Curve

Location: London, UK
Launch date: 2015
Funding Round: Series C, € 67 M
Funding Source: Britannia Financial Group, Cercano Management, Cohen Circle, IDC Ventures, Outward VC
Total funding received: €1 B

Curve seamlessly integrates multiple cards and accounts into a singular intelligent card and application ecosystem. Startup’s platform empowers individuals to effortlessly manage and utilise their financial resources, placing full control over finances in the hands of users. In its recent funding round, Curve successfully secured €67 million. The secured funding will be used to boost the overall customer experience within the Curve app, expand the range of Flex offerings, and introduce exciting new partnerships to the market. The company is backed by Britannia Financial Group, Cercano Management, Cohen Circle, IDC Ventures and Outward VC.

Corti

Location: Copenhagen, Denmark
Launch date: 2016
Funding Round: Series B, € 56 M
Funding Source: Atomico, Eurazeo, Export and Investment Fund, Prosus Ventures, Angel Investors
Total funding received: € 80 M 

Corti is dedicated to assisting emergency medical dispatchers in critical life-saving decision-making processes. The recent infusion of €56 million in investment capital will influence the company's expansion efforts and help with the broadening of its client base. This funding round was backed by Prosus Ventures, Atomico, and existing investors, including Eurazeo, EIFO, as well as Angel Investors. 

NUMA Group

Location: Berlin, Germany
Launch date: 2016
Funding Round: Series C, € 55 M
Funding Source: Cape Capital AG, Cherry Ventures, DN Capital, Headline, Soravia, Verlinvest
Total funding received: € 119.4 M

NUMA Group, based in Berlin, stands as a digital hospitality platform specialising in short and mid-term rentals and travel accommodations. Its solution provides travellers with access to fully furnished rooms and apartments in diverse neighbourhoods. NUMA Group has successfully secured €55 million in a Series C. With these funds, the German company will expand its digital hospitality platform across Europe. NUMA Group's mission is to deliver the comfort and convenience of traditional hotels with the flexibility of short-term rentals similar to Airbnb. Startup is backed by Cape Capital AG, Cherry Ventures, DN Capital, Headline, Soravia and Verlinvest. 

Open Cosmos

Location: Harwell, UK
Launch date: 2015
Funding Round: Series B, € 46 M
Funding Source: A&G Energy Transition Tech Fund, Accenture Ventures, Claret Capital Partners, ETF Partners, Santander Climate Tech Fund, Trill Impact, Angel Investoers
Total funding received: € 59.3 M

Open Cosmos is dedicated to the design, construction, and operation of satellites, with the goal of simplifying space access. The company offers services encompassing telecommunications, Earth Observation (EO), navigation, and scientific missions. Open Cosmos undertakes the entire lifecycle of advanced low-earth orbit satellites development, enabling organisations to access and share data seamlessly. The company's DataCosmos platform enhances this offering by providing AI-powered data analysis capabilities, utilizing a growing array of satellite data sources and analytic partners. Founded by three aerospace engineers from Spain, the startup collaborates with space agencies and industry leaders, including Amazon's AWS, the RHEA Group and Lacuna Space. Open Cosmos secured €46M and is backed by A&G Energy Transition Tech Fund, Accenture Ventures, Claret Capital Partners, ETF Partners, Santander Climate Tech Fund, Trill Impact and Angel Investoers.

floLIVE

Location: London, UK
Launch date: 2015
Funding Round: Series C, € 45 M
Funding Source: 83North, Dell Technologies Capital, Greenfield Partners, Hazelnut Partners, Qualcomm Ventures, Saban Ventures
Total funding received: € 84 M

floLIVE provides global cloud-native connectivity solutions for businesses, mobile operators, and cloud providers. Their platform offers secure local connectivity managed centrally via the cloud. The company has recently secured € 45 M in a round led by Greenfield Partners and 83North, with participation from Qualcomm Ventures, Dell Technologies Capital, Saban Ventures, and Hazelnut Partners. floLIVE plans to expand globally and introduce new services. Their solutions offer real-time visibility, customization, cybersecurity, and regulatory compliance for modern IoT connectivity needs.

Swan

Location: Paris, France
Launch date: 2019
Funding Round: Series B, € 37M
Funding Source: Accel, Bpifrance, Creandum, Lakestar
Total funding received: €  58M

Swan allows businesses to create payment accounts and integrate financial products effortlessly. The company has processed €7 billion in transactions for 100+ companies across European countries, with over 100 employees on board. Swan recently secured €37 million in a Series B round led by Lakestar, with participation from existing investors. This funding will fuel Swan's international expansion, with upcoming launches in the Netherlands and Italy, building on its rapid growth in France, Spain, and Germany. 

traceless materials

Location: Hamburg, Germany
Launch date: 2020
Funding Round: Series A, € 36.6M
Funding Source: b.value AG, Blue Oceans Partners, GLS Community Bank eG, Hamburger Sparkasse AG, High-Tech Grunderfonds, Planet A Ventures, United Bankers
Total funding received: €  39M 

Hamburg-based startup traceless materials has secured €36.6 million in a Series A. Their filed for patent technology utilises food production byproducts to create compostable materials that don't compete with food resources, generate minimal CO2 emissions, and require no hazardous additives. This sustainable solution saves over 90% of CO2 emissions and 89% of fossil energy during production. The funds from the completed round will be used to construct their first large-scale industry plant for producing bio-circular alternative material.

Plan A

Location: Berlin, Germany
Launch date: 2017
Funding Round: Series A, € 25.4M
Funding Source: Demeter, Deutsche Bank, HV Capital, Illusian Family Office, Keen Venture Partners, Lightspeed Venture Partners, Opera Tech Ventures, Visa
Total funding received: €  40.5M 

Plan A is a Berlin - based startup delivering a solution for corporate carbon accounting, decarbonization, and ESG reporting software. The company has secured €25.2 million in Series A round led by Lightspeed Venture Partners, with participation from key investors like Visa. The company serves over 1,500 clients and achieved a 600% increase in software revenues year-over-year from December 2021 to 2022. With this funding, Plan A will double its team to 240+ employees, as well as expand in Europe (especially in France, the UK, and Scandinavia.

Nuventura

Location: Berlin, Germany
Launch date: 2017
Funding Round: Series A, € 25M
Funding Source: ADB Ventures, Cycle Group, DOEN Participaties, EIC Accelerator, FORWARD.one, Future Energy Ventures, IBB Ventures, Mirova
Total funding received: €  28.3M 

Nuventura provides eco-friendly medium-voltage gas-insulated switchgear (GIS) technology. The company has secured €25 million in a Series A and is backed by Mirova, joined by new investors Forward.one and EIC Fund, along with existing investors like IBB Ventures, ADB Ventures, Cycle Group, Future Energy Ventures, and DOEN Participaties. Secured funding brings Nuventura's total investment to over €35 million, and it will be used to grow their product range.

FERNRIDE

Location: Munich, Germany
Launch date: 2019
Funding Round: Series A, € 17.9M
Funding Source: 10x Founders, Bayern Kapital, DeepTech & Climate Fonds, Fly Ventures, HHLA Next, KRONE, Munich Re Ventures, Promus Ventures, PUSH Ventures, Schenker Ventures, Speedinvest, Angel Investors
Total funding received: €  57.5M 

Munich-based startup Fernride has recently closed its series A, which had initially been extended, with the total amount of received funding reaching € 57.5M. Fernride addresses two major trucking industry challenges: a shortage of truck drivers in the EU and greenhouse gas emissions. The company’s solution combines autonomous electric trucking with human teleoperators. Fernride has established partnerships with key clients like Volkswagen Group Logistics, DB Schenker, HHLA, and BSH.

kyp.ai

Location: Köln, Germany
Launch date: 2018
Funding Round: Series A, € 17.5M
Funding Source: 42CAP, OTB Ventures, Tola Capital
Total funding received: € 17.5M

kyp.ai is a business productivity platform that gives insights into resource utilisation, automation potential, and resource monitoring, enabling clients to enhance transparency and optimise resource allocation. The platform automatically generates data-driven improvement recommendations aimed at delivering the fastest possible ROI. The company raised €17.5 million in a Series A with OTB Ventures leading the round, and participation from existing investors 42CAP and Tola Capital. This investment will support the German startup's promotion and expansion in the United States and further growth in Europe, India, Singapore, and China.

Metaloop

Location: Graz, Austria
Launch date: 2022
Funding Round: Series A, € 16 M
Funding Source: FirstMark, FJ Labs, Silence VC, Statkraft Ventures
Total funding received: € 16 M

Austrian startup Metaloop has raised €16 million in a series A round led by FirstMark Capital, with participation from Silence VC, Statkraft Ventures, and FJ Labs. This funding will support Metaloop's international expansion and workforce growth in sales and operations within the metal recycling sector. The company's platform simplifies metal scrap management, enhancing profits and transparency for sellers and optimising logistics and financing. 

Laverock Therapeutics

Location: Stevenage, UK
Launch date: 2022
Funding Round: Seed, € 15.6 M
Funding Source: Calculus Capital, Eli Lilly, Eos, Maven Capital Partners, Mercia Ventures, Tekfen Ventures, UK Innovation & Science Seed Fund
Total funding received: € 15.6 M

Laverock Therapeutics has secured € 15.6 M in a seed round led by Calculus Capital with participation from Eli Lilly and Company, Mercia Ventures, Maven Capital Partners, Eos, UK Innovation & Science Seed Fund, and Tekfen Ventures. Laverock Therapeutics’ platform allows for the creation of programmable, advanced human therapeutic applications by minimally editing non-coding genes and redirecting their silencing activity towards new target genes. Laverock Therapeutics will focus on Type I Diabetes and solid tumour responsive T-cell and macrophage-based immune therapies.

Broken String Biosciences

Location: Cambridge, UK
Launch date: 2020
Funding Round: Series A, € 14 M
Funding Source: DvH Ventures, HERAN Partners, Illumina Ventures, Mérieux Equity Partners, Tencent
Total funding received: € 14 M

Cambridge-based genomics company Broken String Biosciences has secured € 14 M in Series A round led by Illumina Ventures, Mérieux Equity Partners, and HERAN Partners, with participation from existing investors Tencent and Dieter von Holtzbrinck Ventures. Broken String Biosciences develops a platform enabling researchers to assess the specificity of genome editing tools and evaluate associated off-target genetic outcomes, addressing limitations of existing gene editing off-target measurement approaches. Secured funding will boost the development of Next Generation Sequencing (NGS)-based DNA break mapping platform and facilitate the company’s expansion. 

Apron

Location: London, UK
Launch date: 2021
Funding Round: Series A, € 14 M
Funding Source: Bessemer Venture Partners, Index Ventures, Visionaries Club
Total funding received: € 14 M

Apron is a London based fintech founded by former Revolut product lead. The company has secured € 14 M in a Series A round.  Apron's mission addresses challenges faced by SMB owners and finance teams in the handling of invoices, from sorting to paying and reconciling. The investment round was led by Index Ventures with participation from existing investors Bessemer Venture Partners and Visionaries Club. 

Resourcify

Location: Hamburg, Germany
Launch date: 2018
Funding Round: Series A, € 14 M
Funding Source: Ananda Impact Ventures, BonVenture, High-Tech Grunderfonds, IFB Innovationsstarter, Revent, Speedinvest, Vorwerk Ventures, WEPA Ventures
Total funding received: € 23 M

Resourcify, has successfully secured €14 million in a Series A round. Specialising in the field of waste management and recycling, the company’s recycling platform empowers businesses to manage, monitor, and optimise their recycling processes while reducing administrative burdens. Resourcify allows to save up to 40% compared to traditional waste management approaches. Leading the Series A round is Vorwerk Ventures, with active participation from Revent, Ananda Impact Ventures, Speedinvest, BonVenture, and WEPA Ventures.

Puraffinity

Location: London, England
Launch date: 2015
Funding Round: Series A, € 13 M
Funding Source: Acequia Capital (AceCap), HG Ventures, Kindred Capital, Octopus Ventures, Verve Ventures
Total funding received: € 20 M

Puraffinity is a precision materials design and development company. Their innovative idea involves the creation of a sustainable adsorbent with the ability to effectively eliminate highly resilient pollutants from polluted water and wastewater.  Puraffinity has raised €13 million in a Series A round and is backed by Acequia Capital (AceCap), HG Ventures, Kindred Capital, Octopus Ventures and Verve Ventures.

deskbird

Location: Sankt Gallen, Switzerland
Launch date: 2020
Funding Round: Series A, € 12M
Funding Source: ALSTIN Capital, AVP Ventures, AXA Venture Partners, PortfoLion Capital Partners, Rivus Capital, Session.vc
Total funding received: € 19.9M

Swiss SaaS company deskbird is transforming office experiences with its platform, allowing employees to book desks, schedule resources, and coordinate with colleagues just within a few clicks. In a recent Series A, the company secured €12 million and now plans to expand across Europe and into the USA. The company is backed by ALSTIN Capital, AVP Ventures, AXA Venture Partners, PortfoLion Capital Partners, Rivus Capital and Session.vc.

Treyd

Location: Stockholm, Sweden
Launch date: 2019
Funding Round: Series A, € 11.2M
Funding Source: Antler, J12, Nineyards Equity, Zenith Venture Capital
Total funding received: € 22M

Treyd is a B2B fintech company that empowers consumer goods businesses with a buy-now-pay-later solution, enabling accelerated growth.  Treyd announced the extension of its Series A round, securing an additional €11.2 million. With this extension, Treyd's total investment reaches €23.3 million. The company is backed by Nineyards Equity, in collaboration with Antler, Zenith VC, and J12 Ventures. 

E-mobilio

Location: Munich, Germany
Launch date: 2019
Funding Round: Series A, € 9.5M
Funding Source: Gateway Venture, kopa ventures, seed + speed Ventures, SET Ventures, ZAKA VC, Zwei.7, Übermorgen Ventures
Total funding received: € 9.5M

E-mobilio is an advisory and brokerage platform focused on electric mobility. This platform is dedicated to helping drivers make a transition to electric cars, offering a comprehensive perspective on EV ownership. Their e-purchase advisor provides valuable services such as charger selection, installation support, access to public charging, photovoltaics, electricity tariffs, greenhouse gas emissions tracking, and subsidy guidance. e-mobilio is expanding across European markets with the raised capital of €9.5 million. The Series A round was led by SET Ventures, with participation of Übermorgen Ventures, Wi Venture, seed+speed Ventures, and Gateway Ventures.

Timeline

Location: Basildon, UK
Launch date: 2018
Funding Round: Series B, € 9.4M
Funding Source: BlackFin Capital Partners, MTech Capital, Angel Investors
Total funding received: € 16.8M

Timelineapp Tech offers sustainable withdrawal software for financial planners, leveraging research, historical data, and mortality statistics to assess retirement strategies, adjusted to  various market conditions. The startup secured €9.4 million in their Series B round and is backed by BlackFin Capital Partners, MTech Capital and Angel Investors. The raised capital will be used to help the company develop and scale further. 

Continuum Industries

Location: Edinburgh, UK
Launch date: 2018
Funding Round: Series A, € 9.2M
Funding Source: Credo Ventures, Playfair Capital, Singular, Techstart Ventures
Total funding received: € 14M

Continuum Industries empowers power, utility, and renewables companies to instantly evaluate routing options for power lines, cables, and pipelines using their AI-driven platform. In a significant development, Continuum Industries has secured € 9.2M  in Series A round, with Singular leading the round. Optioneer offers real-time routing assessment for various infrastructure types, including power lines, onshore and offshore cables, and pipelines for hydrogen, water, and CO2, reducing delays and improving decision-making.

Vega

Location: London, UK
Launch date: 2022
Funding Round: Seed, € 7.6M
Funding Source: Blackstone Group, Citi Ventures, Motive Ventures, No Label Ventures, Permira, Picus Capital
Total funding received: € 7.6M

Vega is a wealth management startup with a goal to unite the private and institutional sectors on a platform that simplifies wealth generation for high-net-worth individuals and their advisors. Vega has secured €7.6 million in seed round, with backing from investors such as Blackstone Group, Citi Ventures, Motive Ventures, No Label Ventures, Permira, and Picus Capital.

volytica diagnostics

Location: Dresden, Germany
Launch date: 2019
Funding Round: Seed, € 5.5M
Funding Source: Atlantic Labs, EnBW New Ventures, FTTF, SHIFT Invest, TGFS - Technologiegründerfonds Sachsen, TN Ventures
Total funding received: € 5.5M

Volytica offers EV battery management systems with self-learning diagnostic algorithms to track warranty issues. In a recent funding round of €5.5 million, led by SHIFT Invest and EnBW New Ventures, along with other investors like Dutch TN Ventures, and FTTF, the company is set to expand its operations, enhance its battery analytics tech, and enter global markets.

Spectarium

Location: Oulu, Finland
Launch date: 2019
Funding Round: Seed, € 5.5M
Funding Source: BITKRAFT Ventures, Delphi Ventures, Framework Ventures
Total funding received: € 5.5M

Spectarium is a remote-first company, crafting cross-platform action RPGs to enhance player experiences. They recently raised €5 million in a seed round led by BITKRAFT Venture, a global investment platform for gaming and immersive technology. The funds will be used to grow their team and develop debut RPG title, Myths, with support from US-based Delphi Digital and Framework Ventures.

cleverly.de

Location: Berlin, Germany
Launch date: 2020
Funding Round: Seed, € 4.6M
Funding Source: Capnamic Ventures, Emma Ventures, Flixfounders, Rubio Impact Ventures, Angel Investors
Total funding received: € 8.6M

cleverly is an online tutoring and mentoring platform that adopts a holistic approach to learning. It combines specialised knowledge from tutors with personal development guidance from mentors. This EdTech startup recently concluded an extended seed funding round, securing €4.6 million in investment. The company is backed by Capnamic Ventures, Emma Ventures, Flixfounders, Rubio Impact Ventures, as well as Angel Investors.

Upmem

Location: Grenoble, France
Launch date: 2015
Funding Round: Series undisclosed, € 4M
Funding Source: C4 Ventures, European Innovation Council, Partech, Western Digital Capital
Total funding received: € 12M

UPMEM is developing an efficient Processing-In-Memory (PIM) solution for data centres. The performance of Big Data processing in server architectures is often constrained by data movements. UPMEM's solution employs a multitude of programmable co-processors situated alongside the data, resulting in over a 10x acceleration of data-intensive applications. To support its expansion and development initiatives, Upmem has raised more than €4 million from investors such as C4 Ventures, European Innovation Council, Partech and Western Digital Capital.

Skyqraft

Location: Stockholm, Sweden
Launch date: 2019
Funding Round: Seed, € 3.8M
Funding Source: Antler, Neptunia Invest, Subvenio Invest
Total funding received: € 6.5M

Skyqraft enhances energy infrastructure inspections, using AI to help power grid owners navigate energy demand and ensure grid reliability, allowing the detection of even 10 times more grid defects, empowering owners to proactively manage risk and optimise budgets. They recently secured € 3.8M in seed round. The company is backed by Antler, Neptunia Invest and Subvenio Invest.

Mindgard

Location: London, UK
Launch date: 2022
Funding Round: Seed, € 3.4M
Funding Source: IQ Capital, Lakestar, Osney Capital
Total funding received: € 3.4M

Mindgard is an AI security company dedicated to helping enterprises test, detect, and respond to cyber threats targeting their AI models. Mindgard’s platform allows businesses to identify and remediate vulnerabilities in AI models, answering critical security questions. The company has secured the capital amounting to € 3.4M thanks to VCs like IQ Capital, Lakestar and Osney Capital.

Worldover

Location: London, UK
Launch date: 20
Funding Round: Seed, € 3.4M
Funding Source: Chalfen Ventures, Entrepreneur First, Index Ventures, Plug and Play Ventures
Total funding received: € 3.4M

Worldover's software simplifies the global launch of physical products. Their mission is to remove complexities in bringing items like food, cosmetics, textiles, and electronics to international markets. They envision a world where all businesses think globally from the start, streamlining compliance and regulation processes across the value chain. Worldover's  backed by Chalfen Ventures, Entrepreneur First, Index Ventures, as well as Plug and Play Ventures and has recently raised  € 3.4M in its seed round. 

twig bio

Location: London, UK
Launch date: 2022
Funding Round: Pre-seed, € 3.4M
Funding Source: Gaingels, HackCapital, Project A Ventures, Seedcamp, UK Innovation & Science Seed Fund, Zero Carbon Capital
Total funding received: € 3.4M

Twig Bio is a bioengineering startup that combines AI and robotics to swiftly develop sustainable alternatives for harmful ingredients. Their AI-first approach accelerates ingredient development, offering affordable, eco-friendly alternatives to conventional ingredients, like acetone, palm oil, and isoprene. The company has raised € 3.4M in a seed round with VCs such as Gaingels, HackCapital, Project A Ventures, Seedcamp, UK Innovation & Science Seed Fund and Zero Carbon Capital on board. 

PartyKit

Location: London, UK
Launch date: 2023
Funding Round: Pre-seed, € 2.3M
Funding Source: Cursor Capital, Remote First Capital, Sequoia Capital, Tiny VC, Untitled ventures, Angel Investors
Total funding received: € 2.3M

PartyKit is an open-source deployment platform for AI agents that has secured €2.3 million in pre-seed funding, led by Sequoia Capital and joined by Cursor Capital, Remote First Capital, Tiny VC, Untitled Ventures, and Angel Investors. For developers faced with the challenge of incorporating real-time multiplayer collaboration similar to Google Docs or Figma, PartyKit offers an open-source deployment platform equipped with the essential libraries for seamlessly integrating multiplayer functionality into their applications.

Flawless

Location: London, UK
Launch date: 2022
Funding Round: Seed, € 2M
Funding Source: 42CAP, Dreamcraft Ventures, Oktogon Ventures, Picus Capital
Total funding received: € 3M

Focused on e-commerce and marketplace operations, Flawless develops AI-powered operations observability & incident management. The company raised € 2M in a seed round and will use raised capital to boost its global expansion. The round was led by 42CAP with participation of Picus Capital, Dreamcraft Ventures, and Oktogon Ventures. Flawless’s solution alters high-volume, complex operations, allowing clients to monitor metrics, automate alerts and tasks.

Hubflo

Location: Paris, France
Launch date: 2022
Funding Round: Seed, € 2M
Funding Source: Hummingbird Ventures, Kima Ventures, Seedcamp, Angel Investors
Total funding received: € 2M

Hubflo is the all-in-one platform that enables small businesses to efficiently manage their customers and their work, with the ultimate goal to help 1 million companies worldwide to grow and manage their business by 2030. The startup is backed by Hummingbird Ventures, Kima Ventures, Seedcamp and Angel Investors and has now secured € 2M in its seed round. 

Flagcat

Location: Paris, France
Launch date: 2023
Funding Round: Seed, € 2M
Funding Source: Kima Ventures, Motier Ventures, Purple, Resonance, Seedcamp
Total funding received: € 2M

Flagcat is a webtoon studio dedicated to creating original series while developing its unique creative engine. Additionally, the Flagcat Group boasts a collection of social apps that cater to millions of manga, webtoon, and anime enthusiasts globally. The company has secured €2M in its seed funding round with Kima Ventures, Motier Ventures, Purple, Resonance Seedcamp on board. 

ClimateAligned

Location: London, UK
Launch date: 2022
Funding Round: Pre-Seed, € 1.7M
Funding Source: Frontline Ventures, Pale blue dot
Total funding received: € 1.7M

ClimateAligned is developing the AI platform tailored to integrate sustainability, ESG, and climate considerations into debt investment decisions within a unified application. The company is set to boost its innovative idea with a €1.7 million pre-seed funding round led by VCs like Frontline Ventures and Pale Blue Dot.

ColibrITD

Location: Paris, France
Launch date: 2019
Funding Round: Seed, € 1M
Funding Source: Earlybird Venture Capital
Total funding received: € 1M

ColibrITD’s mission is to create the first end-to-end quantum computing platform that works on existing quantum computers. The company has recently raised €1 million in a Seed round led by Earlybird VC. The secured funding will be used to enhance the company's focus on hardware and academic partnerships.

Ayro

Location: Paris, France
Launch date: 2018
Funding Round: Series B, € 19.2M
Funding Source: AmInvest, Blue Oceans Partners, Bpifrance, Colam Impact, Normandie Littoral, Normandie Participations, Ocean Zero, Swen Capital Partners
Total funding received: € 29.7M

Ayro is a pioneering wind power company specialising in the design and implementation of wind propulsion systems, including innovations like Oceanwings, tailored for maritime transport. Ayro has concluded a €19.2 million ($21 million) Series B round led by Blue Ocean. This pushes their total funding for Wind Powered Decarbonation solutions in maritime to almost €30 million.

Fipto

Location: Paris, France
Launch date: 2022
Funding Round: Seed, € 15M
Funding Source: Motier Ventures, Serena
Total funding received: € 15M

Fipto's platform simplifies corporate treasury management and international payments, bridging traditional and digital currencies with blockchain technology. Fipto goes beyond payment processing, providing clients with control over their digital assets and enabling effective corporate treasury management in compliance with upcoming European MiCA regulations. The company has raised EUR 15 million in a seed round and it is backed by Serena and Motier Ventures.

IOMED

Location: Barcelona, Spain
Launch date: 2016
Funding Round: Series A, € 10M
Funding Source: Adara Ventures, EASO Ventures, Fondo Bolsa Social, Philips Venture Capital Fund, Redseed, XTX Ventures
Total funding received: € 13.6M

IOMED Medical Solutions develops medical record management software using Natural Language Processing to structure clinical text, extract data, and create predictive models. Their AI-driven platform optimises resource allocation and enables efficient decision-making by organising and visualising medical records data for clinicians. The startup secured funding from Adara Ventures, EASO Ventures, Fondo Bolsa Social, Philips Venture Capital Fund, Redseed and XTX Ventures. Their Series A amounts to € 10M. 

Ostrom

Location: Berlin, Germany
Launch date: 2021
Funding Round: Series A, € 7.5M
Funding Source: Adjacent, J12, SE Ventures, Union Square Ventures, Übermorgen Ventures
Total funding received: € 21.5M

Ostrom focuses on simplifying home electrification and decarbonization through consumer-friendly energy optimization. The company has raised an additional €7.5 million in a Series A round led by SE Ventures, with participation from existing investors, which extends their Series A to €16.8 million and total funding to over €21.5 million. The additional funding will support product expansion, especially in home storage and solar solutions.

Omada

Location: Bordeaux, France
Launch date: Unknown
Funding Round: Seed, € 7.1M
Funding Source: Athletico Ventures, F4, Felix Capital, Motier Ventures, Pareto Holdings, Play Ventures, The Twenty Minute VC, Angel Investors
Total funding received: € 7.1M

Omada is a gaming startup developing sports based mobile games. The company raised €7.1 million in its Seed round The social prediction mobile game for sports fans' plans to expand globally after attracting 300,000 monthly players in France and 1 million worldwide in the next two years. The investment, led by Felix Capital and featuring Angel Investors, will help Omada expand into the US market.

Correcto.

Location: Madrid, Spain
Launch date: 2021
Funding Round: Seed, € 6.5M
Funding Source: Carya Venture Partners, Octopus Ventures, RiverPark Ventures, Tiferes Ventures, Unpopular Venturess
Total funding received: € 7.1M

Correcto is a Spanish startup, developing a writing tool. The company has secured € 6.5M in its second seed investment round, led by Octopus Ventures with participation from Carya Venture Partners, RiverPark Ventures, Tiferes Ventures and Unpopular Venturess. The secured funding will drive product development, global expansion, team growth, and expansion into the Latin American market. 

Opna

Location: London, England
Launch date: 2022
Funding Round: Seed, € 6M
Funding Source: Atomico, MCJ Collective, Pale blue dot, Tiny VC
Total funding received: € 6M

Opna is a climate project financing platform dedicated to carbon removal and ecosystem protection. With Opna’s solution, companies can access data, utilise proprietary risk assessments, and implement efficient capital structures to transform net-zero commitments from financial institutions and corporations into direct project financing. The company has secured € 6M in its seed round and is backed by Atomico, MCJ Collective, Pale blue dot and Tiny VC.

Databutton

Location: Oslo, Finland
Launch date: 2021
Funding Round: Seed, € 4.8M
Funding Source: Arkwright X, Maki.vc, Skyfall Ventures, Sondo Capital
Total funding received: € 4.8M

Databutton offers a low-code app builder platform, enabling users to easily create AI-powered apps and chatbots. The company has secured € 4.8M million in seed round, led by Skyfall Ventures and Maki.vc, with participation of Arkwright X and Sondo Capital. The secured funding will be used to enhance the platform in collaboration with its user community.

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