Notable funding rounds across the EU:
- UK cash deposit platform Flagstone has raised a £108 million equity investment by Estancia Capital Partners, a US financial services specialist private equity firm.
- Netherlands-based journey management platform TheyDo has raised an additional $34 million funding. The round was led by La Famiglia and Discovery Ventures.
- Swedish Voi has raised $25 million in a combination of equity and debt from existing investors VNV Global, Raine Group, Nineyards Equity, Balderton, Creandum, and Project A.
- Griffin, a London-based Banking-as-a-Service fintech, has raised $24 million in a Series A extension. The round was co-led by MassMutual Ventures, Nordic Ninja and Breega and also saw participation from Notion Capital and EQT Ventures.
- German gastrotech app NeoTaste has closed a Series A funding round, raising a total of €21 million, with €15.1 million secured as a Series A extension. Earlybird Venture Capital led the round.
- French deeptech startup SUBLIME Energy has secured €11.5 million in a funding round led by the Environment and Solidarity Revolution Fund managed by Credit Mutuel Impact and PSL.
- German chaos engineering platform Steadybit has raised $6 million in Series A funding led by Paladin Capital Group. Previous investors, Boldstart Ventures, Angular Ventures, and NewForge, also participated.
- French medtech startup HawkCell that develops MRI plug-and-play solution for veterinary use has closed €5 million Series A funding. The round was led by MIG Capital, with participation from a French investment bank.
- German data product management company, Mindfuel, has closed a €3.75 million seed funding round led by Project A Ventures.
- Bristol-based battery tech company Anaphite raised £1.6 million, consisting of £685,000 grant via the Investor Partnerships Future Economy program and more than £880,000 from private investors, including Elbow Beach Capital, Wealth Club, Bristol Private Equity Club.
New venture funds and VCs’ news:
- Dutch venture builder DeepTechXL has raised €110 million through contributions from ASML and pension fund PME. It focuses on investing in complex technologies such as photonics, complex mechanical engineering, semiconductors, and quantum computing.
- UK-based Ada Ventures has closed an oversubscribed £63 million second fund from institutional LPs. The team plans to invest between £250,000 and £1.5 million in pre-seed and seed-stage startups, with a significant amount allocated for follow-ons.
CEE startup funding rounds & acquisitions:
- Estonian deeptech startup GScan has raised a seed funding round of €3 million from investors, including Markus Villig, the founder of Bolt, Japanese corporate venture funds, and existing business angels.
- Mapon, a Riga-based platform for fleet management and asset tracking, has issued bonds worth €3 million, attracting private and institutional investors.
- Polish-founded edtech Smartschool raises $1.5 million from Inovo VC, The Explorer Fund, and business angels. The startup will use proceeds to strengthen its presence in the US.
- Himera, a Ukrainian developer of secure communication radio stations, has raised $525,000 from a group of angel investors. Using the funding, the startup plans to launch the next version of the product and receive a government order this year.
- Lithuanian defence tech startup Broswarm has raised $100,000 in a round led by ScaleWolf. The funds will help it to improve the global approach to mine detection using drones.
Startups calls & Events:
On June 19-20, Oradea isn’t just a city – it’s the beating heart of fintech innovation in Central Eastern Europe. The UNCHAIN Fintech Festival is back, transforming the historic fortress into a dynamic hub where the future of finance and technology converges in a spectacular outdoor setting.
Joining the dialogue will be 500+ business delegates representing 250+ unique companies, making UNCHAIN not just an event but a nexus for networking and collaboration. The festival boasts 70% representation from the banking and financial industry, including CEOs, upper management, and key decision-makers.
Secure your spot at the UNCHAIN Fintech Festival on 19-20 June 2024. Visit the website for more information.
Related Posts:
VC & Startup weekly news from CEE, March 2-8, 2024 (by Lisa Palchynska, Vestbee)
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)
