Last week, we tracked over 90 tech funding deals worth over €684.7 million, and over 10 exits, M&A transactions, rumours, and related news stories across Europe.
As a paying subscriber, you’re privy to our monthly reports including the hot-off-the-presses September 2023 report which includes a special foreword by Pål Malmros, Partner and Head of Software Investments at private equity fund Verdane. As a reminder, Verdane announced the close of a €1.1 billion fund earlier this month. This is one you don’t want to miss.
While we’re entering Q4 as of today we’re starting the process of pouring over the yearly numbers and will be delivering them in our highly anticipated year-end report. If there’s a certain sector or topic you’d like to see Tech.eu focus on for our end-of-year reviews, let me know about it at [email protected].
Until then, let’s get you up to speed on everything that happened last week, including your handy .csv file allowing for an even more in-depth analysis.
Let’s get to it,
Funding deals by amount
- LITHUANIA: Nord Security secures $100 million funding at a $3 billion valuation
- NORWAY: Morrow Batteries raises €70M
- GERMANY: Numa receives $59M investment
- UK: Perenna secures $52M to enhance the UK mortgage market with alternative offering
- FRANCE: Aledia closed €120M investment to accelerate the industrialization of its products
- GERMANY: Traceless Materials raises €36.6M for eco-friendly plastic alternative
- NETHERLANDS: Framer raises $27M in Series C funding round to scale no-code website builder
- SWITZERLAND: Pexapark raises €20M in Series C funding round for renewable energy services
- UK: Traydstream secures $21M Series B
- FRANCE: Ayro raises €19M Series B financing round
- UK: Former Revolut product lead’s startup, Apron, secures $15M for invoice solutions
- GERMANY: Resourcify raises €14M to expand waste management SaaS across Europe
- SWEDEN: Greentech startup Ekolution raises €12.6M
- AUSTRIA: Telos Impact from Belgium, PeakBridge and EIC Fund are investing €12M in Kern Tec
- FRANCE: Onliz raises €11.5M to digitalize the rental of professional equipment
- UK: Financial advice scaleup Timeline received £10M backing
- UK: TravelLocal secures €9.7M Series B for sustainable, personalised travel
- SPAIN: Erudit achieves €9.4M in a Series A investment round
- UK: Continuum Industries raises $10M to accelerate infrastructure planning
- UK: With $8M, Vega solves investor painpoints with a unified platform
- FRANCE: Omada raises €7.1M in seed funding round for international expansion of sports prediction game
- UK: Pencil Biosciences raises £5.6M to advance gene editing for rare diseases
- SPAIN: Incapto closes a €6M round led by P101 to deploy its activity at the internatinal level
- BELGIUM: The start-up Mbrella raises €6M with D’Ieteren
- LITHUANIA: Genus AI secures $6M in a seed round extension
- UK: Stellar Omada secures £4.5M backing
- UK: Machine Discovery raises £4.5M for AI-powered simulation
- ITALY: Sidereus Space Dynamics secured round of over €5M
- AUSTRIA: Greenwood Power raises €5.1M for US production facility for its power and voltage sensors
- DENMARK: Notify Therapeutics secures €5M to develop novel hormone-free fertility treatment for women
- UK: Mintago raises $4.75M for employee financial wellness platform
- ITALY: Evja, startup that uses AI in precision agriculture, secured €4.2M investment
- FRANCE: Rayon raises €4M for collaborative design tools in architecture and construction
- FRANCE: Ondorse raises €3.8M to expand KYC solution in Europe
- NETHERLANDS: Enshift receives €3.6M investment
- ITALY: Cellply secures €3.6M setting sights on future growth
- SPAIN: The fintech Criptan obtains €3.5M in a capital increase
- PORTUGAL: Pleez raises €3.5M to consolidate in Spain
- ITALY: The insurtech startup BeSafe Group closes a €3M round
- GERMANY: Vamo secured €3M investment
- BELGIUM: Izix’s sustainable parking platform receives €3M boost
- UK: Maison Sport raises £2.5M in Series A funding
- UK: StudentCrowd raises £2.5M in funding
- UK: Cygnetise raises £2.5M for blockchain-based signatory management solution
- UK: Identity verification platform Enqura received $ 2.9 million investment
- GERMANY: Metergrid secures €2.7M to turn German landlords into green power companies
- UK: Finematter’s €2.6M funding injection bolsters circularity in the jewelry industry
- GERMANY: Concular received €2.5M investment
- UK: Biomagnetic sensor spinout attracts £1.9M
- UK: Morphoses secures €2.1M in pre-seed funding for soft skills development
- UK: Operations observability and incident management startup Flawless raises $2.2M in seed round
- ICELAND: Flygildi emerges from stealth with a birdlike drone and a $2.2M seed round
- LITHUANIA: Breezit raises $2M in funding
- NETHERLANDS: Chainable bags €1.4M and aims to popularise circular kitchen concept
- FRANCE: Kamino Retail raises €1.25M in a pre-seed round for to aid retail media monetisation
- SPAIN: Aunoa raises €1.2M in a round led by Ioniq Fund
- FRANCE: SeaBeLife secures €1.2M to develop drug candidates intended to block cell necrosis
- POLAND: Logistics platform TakeDrop secures €1.1M
- GERMANY: PandasAI raises $1.1M in pre-seed round for AI-powered data analysis
- GERMANY: Novo receives a €1M boost to accelerate building decarbonisation
- SPAIN: Bloome gets €1M in financing
- SPAIN: Recovo closes a €1M round led by Zubi Capital
- IRELAND: Kwayga.com bags €1M to accelerate growth, revolutionise sourcing processes for supermarkets
- POLAND: Zakazane raises $1M for game studio packed with Eastern European veterans
- SWEDEN: QA.tech raises $1M for AI tool to speed up code testing
- UKRAINE: eTOLLs EU raises €450,000 investment, valued at €3M
- SPAIN: Nominis obtains €340,000 in an investment round
- SWEDEN: Znipe collects €320,000 in a new issue
- SPAIN: Ginqo obtains financing of more than €240,000
- NETHERLANDS: Hypeal.com raises €188,000 to reshape the way digital assets are utilised
- SPAIN: Recycap Technologies secures an additional €155,000 to boost its coffee capsule recycling device production
- ROMANIA: Foodtech Unison raises €133,000 from Mavers Ventures and angels
- PORTUGAL: TWEVO received €100,000 through the third edition of the INNOV-ID Call program
- PORTUGAL: INEYE Pharma received €100,000 through the third edition of the INNOV-ID Call program
- PORTUGAL: Azulfy received €100,000 through the third edition of the INNOV-ID Call program
- PORTUGAL: Stonify received €100,000 through the third edition of the INNOV-ID Call program
- PORTUGAL: Unlockit received €100,000 through the third edition of the INNOV-ID Call program
- PORTUGAL: Generosa received €100,000 through the third edition of the INNOV-ID Call program
- GERMANY: 42watt secured a mid-seven-figure sum investment
- GERMANY: Robin Capital is investing an undisclosed sum in Mindsurance
- Bamboo received a seven-figure sum investment
- UKRAINE: InSoft.Partners invests in IT company Digis
- TÜRKIYE: Memotive received investment with a valuation of $4M
- GERMANY: Blacklane receives Series D investment from SIXT to expand premium mobility options
- GERMANY: EnOcean receives investment from Innovation Industries
- NETHERLANDS: Binqy raises seed funding to prevent 1 million burnouts by 2030
- TURKEY: SolarVis received investment with a valuation of $3.3M
- GERMANY: Green energy company priwatt is investing a high six-figure sum in Solarnative
- TURKEY: Toruk MAGIC Derin Teknoloji received investment with a valuation of $2.5M
- UK: Pet platform VidiVet secures six-figure investment
- POLAND: bValue Fund invests in Vidoc Security Lab
- GERMANY: The venture capitalist 2150 is investing a double-digit million sum in the unicorn 1Komma5°
- POLAND: Healthtech CliniNote closes seed round led by Sunfish Partners
Exits and M&A activity
- LATVIA: Italian firm Jakala boosts product offering with Roibox acquisition
- GERMANY: Founder Martin Buhl takes over the insolvent Berlin startup Cure Finance
- UK: Dutch application management startup Liquit acquired by US-based Recast Software
- GERMANY: Rightmart Group takes over Legal One
- UK: ToolsGroup acquires Evo, the AI startup ‘born’ at I3P in Turin
- FRANCE: La Belle Vie acquires Frichti following bankruptcy process
- FRANCE: UK MarTech acquires Jabmo out of administration
- GERMANY: The Munich company reCup is taking over the reusable manufacturer Crafting Future
- UK: Manchester’s ProofID acquires Regatta, boosting identity and access management
- NETHERLANDS: Dutch-based Ciphix leaps forward in Hyperautomation, acquires Amsterdam’s Webflight
- BELGIUM: The start-up Mbrella acquires Mob Box
- GERMANY: The online supermarket Knuspr is taking over the food delivery service Bringmeister
Lead image: photo collage created via Martin Martz
