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06 May 2024·3 min read

Lisa Palchynska

Editor-in-Chief, Vestbee

VC & startup weekly news from CEE, April 27-May 3, 2024

Notable funding rounds across Europe:

  • Global fintech SumUp has raised €1.5 billion in an oversubscribed round led by Goldman Sachs. Backers include AllianceBernstein, Apollo Global Management, and Deutsche Bank AG among others.
  • Danish-founded fintech Ageras has raised €82 million led by Investcorp, with participation from Folketrygdfondet, and Lazard.
  • Dutch fintech Pleo has secured a €40 million debt financing facility from HSBC Innovation Banking.
  • Copenhagen-based challenger bank Lunar raises €24.1 million. This investment came after a two-part investment round in February that totaled €26.8 million.
  • Ghent-based Aikido, the get-it-done security platform for developers and SMEs, has raised over €16 million in a Series A round. 
  • French Carbonfact that develops carbon management software for fashion companies has raised a $15 million Series A round. 
  • UK insurtech startup Urban Jungle has raised £11.2 million from its existing investors including Intact Ventures, Ingka Investments, Mundi Ventures, Eka Ventures, and Sony Innovation Fund.
  • Aachen-based biotech company Vivalyx has secured a €5.4 million seed round to develop its technology of organ preservation before transplant.
  • Berlin-based fertility care startup Ovom Care has raised a €4.8 million seed funding round to expand its hybrid care model across Europe. 
  • Paris-based medtech startup Klineo has raised €2 million from Bpifrance and angel investors. 
  • Amsterdam-based Bloom & Wolf has raised a €1.4 million pre-seed funding round to further expand its faux flower service. 
  • Milan-based martech startup Glaut has announced a $1.4 million pre-seed round from the Italian Founders Fund, Brainstorm Ventures, Alecla7, and B Heroes. 

CEE startup funding rounds & acquisitions:

  • Bolt, a global shared mobility business headquartered in Tallinn, has secured a €220 million syndicated revolving credit facility, provided by a consortium of banks.
  • Tallinn-based startup Stargate Hydrogen has closed a €42 million round to scale up its green hydrogen solutions.
  • Czech-founded TrueClaim has secured a $2.1 million pre-seed funding round to develop its AI-powered platform tailored for HR and self-insured employees. 
  • Birdwingo, a Czech-founded startup based in Prague and New York, has closed a €1.2 million funding round to launch a financial education and investment platform. 

New venture capital funds and VCs’ news:

  • Belgian VC Imec.xpand has launched a new €300 million fund to accelerate the growth of transformative semiconductor and nanotechnology innovations. 
  • Investment firm Intuition has launched a €15 million fund to back 40 European startups that focus on Consumer & Culture with tickets between 100,000 and 500,000.
  • Gideon Valkin, ex-Monzo, has launched Andrena Ventures, a $12 million solo GP fund. It is sector agnostic with focus on categories like AI, climate tech and B2B enterprise solutions.

Startup calls & Events:

  • Startup Lithuania Accelerator powered by Plug and Play is an accelerator program designed for early-stage tech startups with a vision to scale globally. The recruitment process for this program has begun and will continue until June 14, 2024.

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