Notable funding rounds across the EU:
- The UK’s largest digital bank, Monzo, has raised £340 million investment led by CapitaIG. Google Ventures and HongShan Capital, as well as existing backers, including Passion Capital and Tencent, also participated.
- Amsterdam-based hospitality management system Mews has secured €101 million in a round led by existing investor Kinnevik, alongside Revaia, Goldman Sachs Asset Management, Notion Capital and new investor LGVP.
- Paris-based open source cryptography company Zama has closed a $73 million Series A round. The investment is led by Multicoin Capital and Protocol Labs, with participation from Metaplanet, Blockchange Ventures, VSquared, and Stake Capital.
- The UK Video-generative AI platform Haiper has raised a $13.8 million seed round led by Octopus Ventures.
- German Direct Air Capture startup Greenlyte Carbon Technologies (GCT) has closed a €10.5 million pre-Series A round. Investors include Earlybird Venture Capital, Green Generation Fund, Carbon Removal Partners.
- Swedish clinical-stage biotech company Cellcolabs has raised $8.7 million from Norrsken VC and business angels.
- Fluent, a data analytics platform transforming the way decision-makers access and use business data, has closed a €6.9 million seed investment round led by Hoxton Ventures and Tiferes Ventures.
- Cambridge-based deeptech startup Theia Insights has raised $6.5 million funding led by Silicon Valley’s Unusual Ventures, with participation from Fidelity International Strategic Ventures and LA-based Clocktower Ventures.
New venture funds and VCs’ news:
- Amsterdam-based climate fund investing platform Carbon Equity has raised €100 million through its Climate Tech Portfolio Fund II. It will invest in 7 to 10 selected private equity and venture capital funds and indirectly in 150 to 200 critical climate solutions.
- Nordic Science Investments (NSI) of Finland has completed the initial funding round for its €60 million fund. This capital will be dedicated to fostering the growth and development of deeptech spin-out startups emerging from universities across the Nordic region.
CEE startup funding rounds & acquisitions:
- Slovak medical device manufacturer Powerful Medical has got a €2.5 million grant and a follow-on €5 million investment from the European Innovation Council (EIC).
- Polish B2B CRM platform provider Livespace has raised over €2 million (PLN 10 million) from INventures and ARIA Fund.
- Rayscape, a Timisoara-based provider of a digital assistant for radiologists, has raised an investment of $500,000 via Rubik Garage Accelerator from Fortech Investments.
- Lakmoos, a Czech provider of instant market research, has raised €300,000 in a pre-seed round from Presto Ventures.
- Vinted, Lithuania’s unicorn that develops a C2C marketplace for second-hand items, has acquired its Danish counterpart, Trendsales. The conditions of the deal are not disclosed.
Startups calls & Events:
- In celebration of its 10th birthday, Impact Hub Belgrade has announced the Western Balkan Spring Demo Day 2024. The event invites green, inclusive, or tech startups with a female founder and an MVP that are seeking early-stage investments. Selected startups will have the opportunity to win €1,000 provided by Deel and showcase their ideas in front of jury members, investors, mentors, and stakeholders, gaining valuable feedback from the Impact Hub Global Network.
Registration deadline is on March 15. You can apply here.
- STARTUP MOUNTAIN invites scale-ups, serial entrepreneurs, VCs, and accelerators to elevate their CEE network at Krvavec Mountain, Slovenia, on March 22-24. The resort is situated only 30 minutes from Ljubljana’s airport.
Startup Mountain is a boutique ecosystem conference set in a unique, nature-infused location with a relaxed atmosphere. An extremely high rate of active participation (30%) and exclusive, high-calibre networking opportunities make this event special. Winter outdoor activities are just a bonus. Discover more and register your interest at the Startup Mountain Website.
Related Posts:
VC & Startup weekly news from CEE, February 24-March 1, 2024 (by Lisa Palchynska, Vestbee)
VC & Startup weekly news from CEE, February 17-23, 2024 (by Lisa Palchynska, Vestbee)
VC & Startup weekly news from CEE, February 10-16, 2024 (by Lisa Palchynska, Vestbee)
