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Friday, May 17

18

Weekly funding round-up! All of the European startup funding rounds we tracked this week (May 13 – May 17)

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13

PolyAI raises €46 million to further optmise its conversational AI for unbeatable customer service automation

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The London-based AI startup PolyAI has just raised over €46 million in a Series C funding round, backed by new investors Hedosophia, NVentures (NVIDIA’s venture capital arm) and Zendesk, with follow-on investments from Khosla Ventures,…

10

Innovators in Defence: 10 European startups shaping the future of global security

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In recent years, the landscape of global security has undergone a significant transformation, driven by rapid advancements in technology and a surge in defence-focused innovation. Defence startups across the globe are at the forefront of…

Karlsruhe-based Codesphere raises €16.5 million to reduce infrastructure costs in DevOps

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Codesphere, which enables developers to program and scale complex applications directly in the cloud, has secured €16.5 million in funding. Pan-European VC Creandum led the investment round with existing investors including LEA Partners,…

Thursday, May 16

18

Paris-based Tulyp raises €1.5 million aiming to revolutionise digital trade finance for SMEs

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Tulyp, the one-stop shop software platform digitalizing trade finance based in Paris, has successfully closed a €1.5 million Seed round led by Speedinvest alongside other major investors including Kima Ventures, Purple Ventures and…

15

Growth debt: A strategic financing option for startups

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Growth debt is a form of business financing that involves borrowing funds from specialised lenders, typically dedicated growth debt firms. This type of debt is specifically tailored for startups and high-growth companies, offering an…

12

EU-Startups Podcast | Episode 68: Alex Berriche Co-founder & CEO of Fleet and Sequoia Capital Scout

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In this episode, Alex Berriche, Sequoia Capital Scout and the Co-founder and CEO of Fleet, a French B2B startup focused on simplifying equipment management for startups and SMBs, shares lessons learned from over 100 angel investments. He…

Berlin-based Caeli Wind snaps €11 million Series A to expand its digital platform for wind energy sites

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Caeli Wind, a platform for analysing and marketing wind energy locations founded by Ben Schlemmermeier and Heiko Bartels in 2022, announced that it has secured €11 million in growth capital from international investors. The round was led…

11

French biotech HEPHAISTOS-Pharma gets €4.5 million to develop next-gen of immunostimulants against cancer

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HEPHAISTOS-Pharma, a biotechnology company developing next generation immunotherapies against cancer targeting innate immunity to increase the cure rate of patients, has completed its €4.5 million seed round to finance industrialization…

Tallinn-based medtech Nanordica Medical raises €1.75 million to treat severe wounds with nanotechnology

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Estonian medtech company Nanordica Medical has raised €1.75 million to enter the market with first-in-class wound care products curing severe wounds. The round was led by Estonian fund Specialist VC, with participation from Superangel and…

10

London-based Native Teams raises €6.2 million to advance remuneration for the new world of work

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Native Teams, a work payments platform for freelancers, remote workers, and business owners, has successfully raised a further round of investment totalling €6.275 million to power its ambitious plans of becoming the go-to platform for…

09

London-based Peachies raises €1.6 million to redefine the nappy experience

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Peachies, a London-based premium nappy brand for contemporary parenting, has announced the successful completion of its latest fundraising round, securing total funding of €1.6. The round included prominent investors from the UK, US,…

Wednesday, May 15

18

EU-Startups Summit: Check out 300+ nice pictures from 2 incredible days of inspiration, networking and learning!

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And just like that, the EU-Startups Summit has wrapped up for another year! On May 9-10, 2024, we hosted our annual EU-Startups Summit in sunny Malta – and it was incredible! From a buzzing exhibition hall and a chatter-filled networking…

12

Berlin-based cleantech trawa raises €10 million to cut SME energy costs and emissions

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The Berlin-based renewable energy supplier trawa, which simplifies energy purchasing and management for small and medium-sized enterprises (SME) through its AI solution, secured a €10 million seed round, led by Balderton Capital. German…

Edinburgh-based Malted AI closes €6.9 million to tackle the error rates and computing costs associated with LLMs

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Malted AI, a Scottish AI firm helping enterprises to build smaller, more focused AI models with greater performance at a fraction of the cost, announced that it has secured €6.9 million in seed investment, led by Hoxton Ventures and joined…

11

Munich-based Holidu acquires the Spanish vacation rental portal Clubrural to expand in the tourism sector

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Holidu, a fast-growing vacation rental company with a presence across Europe and five branches in Spain (Mallorca, Barcelona, Tenerife, Alicante, and Malaga), has acquired Clubrural, a leading portal for rural vacation rentals in Spain and…

10

Aachen-based cylib raises €55 million Series A to scale its next-gen lithium-ion battery recycling tech

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Sustainable end-to-end battery recycling firm cylib announced the completion of its €55 million Series A funding round in equity financing. Co-led by the leading European climate tech VC World Fund, and Porsche Ventures, the venture arm of…

Progress Bar: Elevating coworking in Rotterdam and beyond through strategic partnerships (Sponsored)

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Founded in 2012 in the vibrant heart of Rotterdam, Progress Bar is redefining what it means to be a coworking space, they have quickly become a cornerstone of innovation and collaboration through true coworking in Rotterdam and are now…

Greek maritime software Harbor Lab raises €14.7 million to streamline port cost management

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Harbor Lab, a maritime software company modernising the outdated accounting practices hampering the $14 trillion shipping industry, has raised a €14.7 million Series A funding round led by European VC Atomico. With participation from…

Tuesday, May 14

16

London-based Purple Dot raises €9.2 million Series A to allow brands to take control of their sales timelines

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Purple Dot, a pioneering e-commerce pre-order and waitlist platform, announced the closure of a €9.2 million Series A funding round. The round was led by leading European venture capital firm, OpenOcean, to fuel Purple Dot’s mission of…

13

Stockholm-based Grasp raises €1.7 million for expansion of its AI assistant for the finance industry

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Grasp, one of the world’s first AI assistants for investment banks and management consultants, is issuing new shares worth €1.7 million to Yanno Capital and Philian Invest. Together, they have acquired an ownership stake of just under 13%.…

11

Berlin-based agtech hexafarms secures €1.3 million pre-seed to empower commercial indoor farmers

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hexafarms, a pioneer in agricultural tech leveraging AI to optimize greenhouses to power the future of food production, announced the successful close of a € 1.3 million pre-seed funding round led by leading European early-stage investors…

Accel raises new €602.7 million fund to back ambitious early-stage founders across Europe and Israel

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Accel, a first partner to exceptional teams everywhere, announced that it has raised a €602.7 million early-stage fund to support ambitious founders building global category-defining companies out of Europe and Israel. Now in its 24th year…

10

Emerging threats: Fastest growing online frauds in 2024

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In an ever-evolving digital landscape, the threat of online banking fraud looms larger than ever. As we step into 2024, the world of cybercrime is undergoing a rapid transformation, with fraudsters adopting increasingly sophisticated…

07

Norrsken VC closes oversubscribed second fund at €320 million to double down on impact entrepreneurs

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Norrsken VC, a pioneer in impact investing in Europe, announced the final close of its second fund, supporting entrepreneurs who are tackling the world’s greatest problems. The total fund size of €320 million – surpassing the original…

Monday, May 13

15

Toulouse-based space tech Infinite Orbits bags €12 million to build first life extension satellite

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The French new space in-orbit services company Infinite Orbits raised a €12 million round led by Newfund Capital along with the EIC Fund, IRDI Capital Investissement and Space Founders France. The main objective of this fundraising is…

Antwerp-based VC Pitchdrive raises third fund of €40 million to fuel entrepreneur-driven early-stage investing

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Pitchdrive just announced the raise of its third fund of €40 million to invest in early-stage startups in Europe. They have received overwhelming interest from LPs, and had to overshoot their initial fund size by +30%, only accepting…

13

VDS has opened the call for its seventh edition international startup competition in Valencia (Sponsored)

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VDS has just launched the call for its international startup competition in Valencia. This contest aims to identify the world’s most disruptive startups that are developing innovative solutions to make a positive impact that transforms…

12

Introducing resourcly: The winner of the EU-Startups Summit 2024 Pitch Competition!

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And just like that, the EU-Startups Summit has wrapped up for another year! We really enjoyed sharing two days of networking, inspiration and learning with all of you and can’t wait to do it all again next year! Around 2,000 attendees came…

11

The Hague-based Refreshworks.ai bags €750k to transform the Dutch business community into a leader in the 4th industrial revolution

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Refreshworks, a partner in AI business transformations, announced the raise of €750k. In total, eleven angel investors, specializing in technology, compliance, safety, and consultancy, participated in this round. Backed by this funding,…