Every month, Vestbee compiles a list of the most significant financial rounds closed in Central and Eastern Europe and the broader European region. Recently, we published a selection of startups from CEE that secured funding in October, providing details on each deal. You can find below a list of startups that received funds during October.
Zepz, €255.6M in a Series F
Location: London, the UK
Founded in: 2010
Total funding received: €895.4M
Recent funding resources: Accel, TCV, Leapfrog, International Financial Corporation
London-based fintech Zepz, formerly known as WorldRemit, facilitates fast and secure cross-border money transfers through its brands WorldRemit and Sendwave. In October, the company raised €255.6 million in a Series F funding round to expand its operations in several African markets.
Moniepoint, €101.8M in a Series C
Location: London, the UK
Founded in: 2015
Total funding received: €136.6M
Recent funding resources: Development Partners International, Google’s Africa Investment Fund, Verod Capital, Lightrock
London-based Moniepoint, a financial technology company providing seamless payments, banking, credit, and business management tools to businesses and individuals, has secured €101.8 million in a Series C round to expand its financial ecosystem, enhance technology, and scale its operations globally.
GROPYUS, €100M
Location: Vienna, Austria
Founded in: 2019
Total funding received: €270M
Recent funding resources: Semapa, Practical Venture Capital
Vienna-based GROPYUS, a tech-driven construction startup focused on building sustainable, affordable homes, has secured €100 million in funding. The company plans to use the funds to transform its plant in Richen into a fully digital, flexible smart factory with 86% automation, enabling it to produce 250,000 m² of wall and ceiling parts annually by the end of 2024.
Purespring Therapeutics, €97.2M in a Series B
Location: London, the UK
Founded in: 2020
Total funding received: €150.1M
Recent funding resources: Sofinnova Partners, Gilde Healthcare, Forbion, British Patient Capital, Syncona Limited
London-based biotech startup Purespring Therapeutics, which specializes in developing gene therapies to enhance the treatment of kidney diseases, has raised €97.2 million in a Series B funding round. The funds will support the company’s pipeline, including the initiation of a Phase I/II clinical trial for IgA Nephropathy (IgAN) and the advancement of other kidney disease treatments using its AAV gene therapy platform.
Dexory, €74.1M in a Series B
Location: London, the UK
Founded in: 2015
Total funding received: €109.2M
Recent funding resources: DTCP, Latitude Ventures, Wave-X, Bootstrap Europe, Atomico, Lakestar, Capnamic
London-based robotics and AI logistics platform Dexory, which automates data collection and provides real-time insights for warehouse operations, has secured €74.1 million in a Series B funding round. The startup plans to use the funds to enhance its robotics and AI logistics solutions, further develop its DexoryView platform, and expand its capabilities in automating warehouse operations.
Aira, €63M in a Series B
Location: Stockholm, Sweden
Founded in: 2022
Total funding received: €495.1M
Recent funding resources: Temasek, Statkraft Ventures, Kinnevik, Altor
Swedish cleantech startup Aira, which offers heat pumps, clean energy tariffs, and solar installations through affordable monthly plans, has raised €63 million in Series B funding. The funds will help Aira expand across Germany, Italy, and the UK, grow its green workforce, and develop additional clean energy products to increase customer savings.
terralayr, €62M
Location: Zug, Switzerland
Founded in: 2023
Total funding received: €97M
Recent funding resources: RIVE Private Investment, Creandum, Earlybird Venture Capital, Norrsken VC, Picus Capital
Swiss startup Terralayr, which provides on-demand energy flexibility services to help businesses optimize energy use and stabilize the grid in real-time, has raised €62 million in funding to expand its asset base and flexibility platform offering.
Basecamp Research, €55.7M in a Series B
Location: London, the UK
Founded in: 2019
Total funding received: €74.1M
Recent funding resources: Singular, S32, Redalpine, True Ventures, Hummingbird Ventures
London-based biotech startup Basecamp Research uses AI and a high-resolution biodiversity map to design customized proteins for industrial, therapeutic, and diagnostic applications. In October, the firm secured €55.7 million in a Series B funding round to scale data collection and expand its foundational biological dataset, enhancing AI-driven design capabilities for bioscience innovations.
Submer, €50M in a Series C
Location: Barcelona, Spain
Founded in: 2015
Total funding received: €98.6M
Recent funding resources: M&G Investments, Planet First Partners, Norrsken VC, Mundi Ventures
Barcelona-based startup Submer, which provides sustainable cooling and automation solutions for data centers and energy-intensive environments, has raised €50 million in a Series C funding round to capitalize on new business opportunities, boost customer acquisition, and support clients' growing infrastructure needs while complying with environmental regulations.
Sana, €50.1M
Location: Stockholm, Sweden
Founded in: 2016
Total funding received: €126.9M
Recent funding resources: NEA, Menlo Ventures
Stockholm-based AI assistant company Sana, which is developing the next generation of knowledge tools, has secured €50.1 million in funding, bringing its total funding to over $130 million. This capital will support the company’s global expansion and boost its research and development efforts in AI and experience design.
TrueLayer, €46.3M in a Series E
Location: London, the UK
Founded in: 2016
Total funding received: €297.7M
Recent funding resources: Tencent, Temasek, Tiger Global, Stripe, Northzone
London-based open banking payments network TrueLayer recently raised €46.3 million in a Series E funding round to accelerate the expansion of its pay-by-bank network across Europe. The company enables fast, secure online payments by integrating real-time bank transactions with financial and identity data, supporting businesses of all sizes in onboarding users, processing payments, and making instant payouts at scale.
loqus23 Therapeutics, €42.1M in a Series A
Location: London, the UK
Founded in: 2019
Total funding received: €56M
Recent funding resources: Forbion, SV Dementia Discovery Fund (DDF), Novartis Venture Fund (NVF)
London-based biotech startup Loqus23 Therapeutics, which is developing oral therapies targeting faulty DNA mismatch repair to treat Huntington's and other triplet repeat diseases, has raised €42.1 million in a Series A funding round. This investment will support the advancement of its small molecule somatic expansion inhibition therapy specifically for Huntington’s disease.
BE WTR, €41.5M in a Series C
Location: Helsinki, Finland
Founded in: 2018
Total funding received: €46.3M
Recent funding resources: Convent Capital, PeakBridge, HHT, Edmond de Rothschild
Finnish startup BE WTR provides eco-friendly, filtered water solutions sourced from local tap water for homes, hotels, restaurants, and offices, promoting reduced plastic waste and environmental sustainability. The company recently secured €41.5 million in Series C funding to expand its circular bottling operations across Europe, the Middle East, North America, and Asia.
Blue Energy, €41.8M in a Series A
Location: Copenhagen, Denmark
Founded in: 2012
Total funding received: €41.8M
Recent funding resources: Engine Ventures, One Ventures, Angular Ventures, Tamarack Global, Propeller Ventures, Starlight Ventures, Nucleation Capital
Danish startup Blue Energy, which develops modular, reactor-agnostic nuclear power plants in shipyards to deliver affordable, zero-emission baseload electricity with rapid deployment, has raised €41.8 million in a Series A funding round. The new capital will support Blue Energy in advancing its core engineering and site development efforts, as well as in securing additional strategic partnerships.
xFarm Technology, €36.2M in a Series C
Location: Manno, Switzerland
Founded in: 2017
Total funding received: €56.7M
Recent funding resources: Partech, Mouro Capital, Swisscom Ventures, United Ventures
Swiss agtech startup xFarm Technologies provides digital tools and connected solutions to help farmers and agri-food stakeholders optimize their operations globally. In October, the company raised €36.2 million in a Series C funding round, which will support its expansion in Europe and entry into new markets in Latin America, Turkey, and India. Additionally, xFarm plans to develop new fintech and insurtech divisions to assist farmers in managing risks and credit more effectively.
Filigran, €32.5M in a Series B
Location: Paris, France
Founded in: 2022
Total funding received: €52.8M
Recent funding resources: Insight Partners, Accel, Moonfire
Paris-based cybertech startup Filigran, which designs and develops an eXtended Threat Management (XTM) suite to help organizations manage threat intelligence, breach simulations, and cyber risk, has secured €32.5 million in a Series B funding round. The company will use this capital to accelerate product development, expand its team, and strengthen its presence in new markets while enhancing its open cybersecurity ecosystem and community-driven tools.
CorPower Ocean, €32M in a Series B
Location: Stockholm, Sweden
Founded in: 2012
Total funding received: €52.5M
Recent funding resources: NordicNinja VC, SEB Greentech, EIT InnoEnergy, Iberis Capital, Cisco Investments
Stockholm-based CorPower Ocean, which develops and operates wave energy farms to generate renewable, cost-effective power, has raised €32 million in a Series B funding round. The funds will be used to accelerate the commercial rollout of its wave energy technology, enhance product development, and expand into new markets.
Aignostics, €31.5M in a Series B
Location: Berlin, Germany
Founded in: 2018
Total funding received: €50.4M
Recent funding resources: ATHOS, Mayo Clinic, HTGF | High-Tech Gründerfonds, Wellington Partners, Boehringer Ingelheim Venture Fund, CARMA FUND Management, IBB Ventures
Berlin-based startup Aignostics uses AI and clinical data to enhance precision medicine, supporting drug discovery, clinical trials, and diagnostics. It has raised €31.5 million in Series B funding to expand product offerings for biopharmaceutical clients, accelerate U.S. growth, and develop a pathology foundation model with Mayo Clinic.
Enara Bio, €30.1M in a Series B
Location: London, the UK
Founded in: 2016
Total funding received: €46.4M
Recent funding resources: Pfizer Ventures, M Ventures, RA Capital Management, Samsara BioCapital, SV Health Investors, The Francis Crick Institute
London-based biotech startup Enara Bio is developing a platform to discover novel cancer-specific antigens from untapped genomic data to create T-cell immunotherapies for solid tumors. The company has raised €30.1 million in a Series B funding round to advance research on Dark Antigens, a novel class of shared cancer antigens, and to accelerate the development of TCR-based immunotherapies targeting these promising new targets.
eSmart Systems, €30M
Location: Halden, Norway
Founded in: 2012
Total funding received: €122.8M
Recent funding resources: TiLT Capital Partners, Quanta Services, Inc, Arosa Capital, Energy Impact Partners, Equinor Ventures, Nysnø Climate Investments, Future Energy Ventures, Kongsberg Group
Norwegian startup eSmart Systems provides AI-powered solutions for the inspection and maintenance of critical infrastructure, helping utilities enhance safety, reduce costs, and extend asset life. The company has raised €30 million to accelerate product development, expand market reach, and strengthen strategic partnerships, particularly in North America.
OroraTech, €25M in a Series B
Location: Munich, Germany
Founded in: 2018
Total funding received: €48.4M
Recent funding resources: Korys, the European Circular Bioeconomy Fund (ECBF), Bayern Kapital, Edaphon, Ananda Impact Ventures, ConActivity, Findus Venture.
Munich-based OroraTech, which uses thermal data and nanosatellites to monitor wildfires and aid environmental protection, has raised €25 million in a Series B funding round. The funds will support the startup's expansion into North America and Asia-Pacific, enhance its predictive AI capabilities, and strengthen its thermal sensor network for more effective wildfire detection.
Stoïk, €25M in a Series B
Location: Paris, France
Founded in: 2021
Total funding received: €48.8M
Recent funding resources: Alven, Andreessen Horowitz, Munich Re Ventures, Opera Tech Ventures, Anthemis, Tokio Marine HCC International
Paris-based InsurTech startup Stoïk, which combines insurance and cybersecurity to help companies manage and mitigate cyber risks, has raised €25 million in a Series B funding round. The capital will be used to enhance Stoïk's product offerings and expand its operations into additional European markets.
Paebbl, €23.2M in a Series A
Location: Rotterdam, Netherlands
Founded in: 2021
Total funding received: €30.5M
Recent funding resources: VC Capnamic, Amazon, global construction industry leader Holcim, Aurum Impact, Goldbeck, Pale Blue Dot, 2050, the Grantham Foundation
Rotterdam-based carbon capture company Paebbl, which converts CO2 into solid carbonate materials to promote sustainability, has raised €23.2 million in Series A funding. The capital will be used to scale production, increasing output from 250 kg to 3 tons of carbon-storing products per day. Additionally, the funds will support the construction of a demonstration plant in 2025 and the expansion of Paebbl’s facilities across multiple cities.
Flower, €20M in a Series A
Location: Stockholm, Sweden
Founded in: 2020
Total funding received: €53.9M
Recent funding resources: Northzone, Sony Innovation Fund, Giant Ventures, 82an invest, Pär-Jörgen Pärson
Swedish clean energy startup Flower has secured an additional €20M in its Series A round, bringing its total funding to over €100M. The company uses AI-driven technology and flexible energy assets to enhance energy system stability and predictability, aiming for a fossil-free, clean energy future. Flower plans to expand across Europe starting in 2025.
Omnea, €18.5M in a Series A
Location: London, the UK
Founded in: 2021
Total funding received: €23.2M
Recent funding resources: Accel, First Round Capital, Point Nine, David Clarke, Claire Hughes Johnson, Anne Raimondi
London-based Omnea, an AI-powered platform that streamlines supplier management, including procurement, third-party risk, and spend control, has raised €18.5 million in a Series A round. The funding will support the expansion of its team, further development of its platform, investments in R&D and go-to-market strategies, and establishing a US presence.
EvoluteIQ, €18.6M
Location: London, the UK
Founded in: 2019
Total funding received: €18.6M
Recent funding resources: Round2 Capital, Nordea Growth Fund, DCAP Select, PH ventures
Swedish startup EvoluteIQ provides an intelligent, low-code platform that enables enterprises to automate and streamline digital processes, making advanced technology accessible to all users. The company has secured €18.6 million in funding to enhance its platform and expand globally.
Perlego, €18.1M
Location: London, the UK
Founded in: 2017
Total funding received: €79.7M
Recent funding resources: Terry Leahy, ITHAKA, the digital library of academic journals and books, MediaHuis, Raine, KPN Ventures
London-based edtech startup Perlego offers affordable digital textbook access by partnering with publishers and eliminating traditional printing and distribution costs. In October, the company raised €18.1 million in funding to expand globally, reach more learners and institutions, and develop AI-driven products like Dialogo, its new AI-powered Research Assistant, to enhance access to academic content.
Pure Pet Foo, €18M
Location: Cleckheaton, the UK
Founded in: 2013
Total funding received: €20.4M
Recent funding resources: Felix Capital, Mercia Ventures
Pure Pet Food produces healthy, air-dried dog food made from high-quality, human-grade ingredients, offering pet owners a convenient, nutritious meal option for their dogs. The firm has secured €18 million in funding to expand its presence in the UK, enter new markets, enhance its distribution channels, and broaden its product categories.
Infraspeak, €18M in a Series B
Location: Porto, Portugal
Founded in: 2015
Total funding received: €36.6M
Recent funding resources: Endeit Capital, Bright Pixel Capital, Caixa Capital, Indico Capital Partners, Innovation Nest
Porto-based Infraspeak offers an Intelligent Maintenance Management Platform (IMMP) that connects teams, facilities, and technology to streamline tasks and optimize resource allocation for efficient operations. The startup has raised €18 million in a Series B funding round. With the capital raised, Infraspeak plans to expand globally, enter new markets, and hire over 100 new employees to support growth and enhance its facilities management platform.
Inforcer, €17.7M in a Series A
Location: London, the UK
Founded in: 2022
Total funding received: €17.7M
Recent funding resources: Meritech Capital Partners
London-based startup Inforcer, which enables MSPs and MSSPs to automate, monitor, and manage Microsoft 365 security across multiple client tenants, has raised €17.7 million in a Series A funding round. This investment will support Inforcer’s aggressive roadmap and help expand its growing community of MSPs addressing complex Microsoft challenges.
Genie AI, €16.6M in a Series A
Location: London, the UK
Founded in: 2017
Total funding received: €16.6M
Recent funding resources: GV (Google Ventures), Khosla Ventures
London-based Genie AI, an AI legal assistant that crowdsources and automates legal contract drafting to make legal knowledge more accessible and efficient, has secured €16.6 million in a Series A funding round. The funds will enhance its AI editor, expand globally, and research new AI-powered legal applications.
autone, €15.6M in a Series A
Location: London, the UK
Founded in: 2021
Total funding received: €19.6M
Recent funding resources: General Catalyst, YCombinator, Speedinvest, Seedcamp, Motier, Financière Saint James, 2100 VC
London-based startup autone uses AI and machine learning to optimize inventory management, reduce waste, and enhance supply chain efficiency for retailers. The company will use the $17 million in funding raised in October to expand its market reach, advance AI-driven inventory management, scale personalized insights, and strengthen client partnerships.
Hubcycle, €15M in a Series A
Location: Avignon, France
Founded in: 2016
Total funding received: €20M
Recent funding resources: ETF Partners, Raise Ventures, Techmind onboard, daphni, Citizen Capital, Bleu Capital
French startup Hubcycle transforms industrial food side-streams into valuable, sustainable ingredients, benefiting clients, consumers, and the planet. The company has secured €15 million in a Series A funding round to scale globally, enhance data-driven technology, expand waste sourcing, and develop sustainable ingredients while optimizing logistics and quality assurance.
Gladia.io, €14.6M in a Series A
Location: Paris, France
Founded in: 2022
Total funding received: €18.3M
Recent funding resources: XAnge, Illuminate Financial, XTX Ventures, Athletico Ventures, Gaingels, Mana Ventures, Motier Ventures, Roosh Ventures, Soma Capital
Paris-based Audio AI platform Gladia.io, which helps companies extract actionable insights from audio data in over 100 languages, has raised €14.6 million in a Series A funding round. With the capital secured, Gladia.io plans to integrate audio intelligence and LLM-based tasks into a single API call, improve real-time transcription quality, and expand its capabilities for various tech stacks and applications.
Pretto, €14M
Location: Paris, France
Founded in: 2016
Total funding received: €53.3M
Recent funding resources: Serena, Eurazeo, Orange Ventures, Kernel Capital, Alven, BlackFin
French fintech startup Pretto, dedicated to building trust in the home loan search process and helping people find and secure mortgages, has raised €14 million in funding. The round will enable the company to expand its service offerings, enhance its digital platform, and strengthen its expert advisory teams, ultimately making the home buying process more accessible and less intimidating.
Semble, €13.9M in a Series B
Location: London, the UK
Founded in: 2016
Total funding received: €25.1M
Recent funding resources: Mercia Ventures, Octopus Ventures, Smedvig Ventures, Triple Point
London-based Semble has raised €13.9 million in a Series B funding round to invest in workflow automation, seamless integrations, and AI-driven solutions, empowering healthcare professionals and improving patient outcomes. The startup offers intuitive workflows and integrations to help healthcare professionals manage and grow their practices.
Pydantic, €11.6M in a Series A
Location: London, the UK
Founded in: 2022
Total funding received: €15.9M
Recent funding resources: Sequoia, Partech, Irregular Expression
London-based Pydantic, which develops Logfire, an observability platform that combines powerful features with ease of use, inspired by the principles of the open-source Pydantic library, has secured €11.6 million in a Series A funding round. The round will help the company accelerate the development of Logfire, introduce new features, and ensure the platform can handle loads of any scale.
Speckle, €11.6M in a Series A
Location: London, the UK
Founded in: 2019
Total funding received: €17.7M
Recent funding resources: Foundamental, Frontline Ventures, Matrix Partners, Foreword, Tristan Handy
London-based Speckle is a collaborative data hub that integrates AEC tools, facilitating seamless access, sharing, and processing of project data throughout all stages of digital delivery. The company has raised €11.6 million in Series A funding to expand its team, enhance its platform with new features such as Speckle for Teams, improve connectivity across AEC tools, and implement workflow automation to optimize data management and collaboration for AEC professionals.
Dunia Innovations, €10.7M
Location: Berlin, Germany
Founded in: 2022
Total funding received: €10.7M
Recent funding resources: Elaia, Redalpine, the European Innovation Council and SMEs Executive Agency (EISMEA), Pace Ventures, Sequoia Capital Scout Fund, Kindred Capital VC, Deep Science Ventures, and Anglo American
Berlin-based nanotech company Dunia Innovations, which is revolutionizing energy through AI-driven materials discovery, has raised €10.7 million in funding. The company will use the funds to accelerate the development of its AI platform, with a focus on creating catalysts for green hydrogen production, ammonia synthesis, and CO2 conversion, all aimed at supporting the global transition to sustainable energy.
Otoqi, €10M in a Series B
Location: Paris, France
Founded in: 2016
Total funding received: €16M
Recent funding resources: CDP Venture, Capital SGR, Verve, Swiss Post Ventures
Paris-based vehicle transfer and fleet management platform Otoqi provides fast, reliable vehicle transportation across Europe through a network of over 2,000 professional drivers and a purpose-built technology platform. In October, the firm secured €10 million in a Series B funding round to expand into new European markets by 2025, enhance its logistics platform, and grow its teams with new talent across the continent.
Mento Labs, €9.3M
Location: Berlin, Germany
Founded in: 2022
Total funding received: €9.3M
Recent funding resources: T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, No Limit Holdings, Verda Ventures, w3.fund
Berlin-based decentralized stablecoin platform Mento Labs, which develops and operates a system enabling real-world use of local digital currencies on the Celo blockchain, has raised €9.3 million in funding. Mento Labs will use these funds to expand its stablecoin offerings across new regions, enhance its technology, and support financial inclusion initiatives in emerging markets.
AirForestry, €8.6M in a seed round
Location: Uppsala, Sweden
Founded in: 2020
Total funding received: €13.5M
Recent funding resources: Northzone, CapitalT, SEB Greentech VC, Kiko Ventures, Sveaskog
Swedish startup AirForestry uses high-capacity electric drones to thin forests from the air, reducing carbon emissions and enhancing carbon sequestration. Recently, the company secured €8.6 million in a seed funding round to advance its technology, enabling fossil-free forestry that preserves the ground by harvesting trees with drones.
paretos, €8.5M in a Series A
Location: Heidelberg, Germany
Founded in: 2020
Total funding received: €18.5M
Recent funding resources: Acton Capital, Etsy, Cyberport, HomeToGo, UVC Partners, LEA Partners, Interface Capital, Christian Reber, Hannes Ametsreiter
Heidelberg-based paretos provides AI-powered forecasting and optimization technology that helps companies tackle complex challenges and optimize operations without the need for data scientists. With the €8.5 million raised in a Series A funding round, the firm plans to accelerate growth, expand its technological lead, and further enhance its Decision Intelligence platform.
Cambri, €8M
Location: Helsinki, Finland
Founded in: 2018
Total funding received: €12.6M
Recent funding resources: Octopus Ventures, S4S Ventures, The 98, OpenOcean, Spintop Ventures
Helsinki-based startup Cambri, which develops a platform providing advanced consumer insights and concept testing using cutting-edge market research methods and technology, has raised €8 million in a funding round. The fresh funds will enable the startup to scale its operations, enhance its AI-powered insights platform, and improve product launch success for its clients.
iGent AI, €7.6M in a seed round
Location: London, the UK
Founded in: 2023
Total funding received: €7.6M
Recent funding resources: V Capital, XTX Ventures, TwinPath, 10x Founders, Dhyan
London-based engineering intelligence platform iGent AI, which empowers individual developers to autonomously solve complex engineering challenges, has raised €7.6 million in a seed funding round. With this investment, iGent AI aims to enhance the AI capabilities of its Maestro platform, attract top talent, and scale its infrastructure to support enterprise-level deployments.
Xpln.ai, €7M in a Series A
Location: Paris, France
Founded in: 2022
Total funding received: €7M
Recent funding resources: Ventech, Spring Invest
Paris-based startup Xpln.ai, which develops AI-driven, cookieless solutions to measure and optimize advertising effectiveness for the modern digital marketing landscape, has raised €7 million in a Series A funding round. The investment will support global expansion and advance its technology, particularly across the US and European markets.
Upnano, €7M in a Series A
Location: Vienna, Austria
Founded in: 2018
Total funding received: €7M
Recent funding resources: aws Gründungsfonds, NovaCapital, IGO Innovation GmbH
Vienna-based nanotech startup UpNano, which develops high-resolution 3D printing systems using 2-photon polymerization for ultra-precise nanofabrication across various industries, has secured €7 million in a Series A funding round. This investment will fuel the development of UpNano’s advanced 2-photon polymerization (2PP) 3D printers, expand the global reach of its NanoOne series, and support the launch of its next generation of innovations.
Zerve AI, €7M in a seed round
Location: Cahir, Ireland
Founded in: 2021
Total funding received: €10.5M
Recent funding resources: Elkstone, Paladin Capital Group, Rob Hickey
Irish startup Zerve AI, which streamlines the development and deployment of Data Science and AI/ML projects for code-first teams, has secured €7 million in a seed round led by Paladin Capital Group. This funding will enable Zerve to accelerate R&D, strengthen its platform, enhance user support, and expand its global presence in the Data Science and AI/ML field.
DataCrunch.io, €7M in a seed round
Location: Helsinki, Finland
Founded in: 2018
Total funding received: €13.1M
Recent funding resources: byFounders, J12, Lasse Espeholt, Nal Kalchbrenner, Oskari Saarenmaa, Henrik Rosendahl, Anders Bo Pedersen, Maaike Bryon, Ari Tulla, Tuomo Riekki, Tapio Tolvanen, Local Tapiola, Nordea
Helsinki-based startup DataCrunch.io, which provides cloud infrastructure specifically designed for machine learning applications, secured €7 million in an October seed round to scale its infrastructure and become Europe’s first AI cloud hyperscaler powered by renewable energy.
Verax AI, €7M in a seed round
Location: London, the UK
Founded in:
Total funding received: €M
Recent funding resources: TQ Ventures, Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures, XTX Ventures
London-based B2B deep tech startup Verax AI, which provides enterprise-grade trust solutions for Generative AI, ensuring correctness, visibility, compliance, and governance, has secured €7 million in a seed funding round. The funding will be used to accelerate its go-to-market processes, increase awareness, and expand operations, particularly through the launch and promotion of its Verax Control Center software solution.
Lovable, €6.8M in a pre-seed round
Location: Stockholm, Sweden
Founded in: 2023
Total funding received: €6.8M
Recent funding resources: Hummingbird, DeepMind angel operators, Mattias Miksche, Bjarke Klinge Staun, Siavash Ghorbani, Fredrik Hjelm, Stefan Lindeberg
Swedish startup Lovable, which develops AI-powered tools for rapid product development and code generation, has raised €6.8 million in a pre-seed funding round. The funds will be used to grow the team, invest in compute resources, and improve their product, GPT Engineer, through data collection and refinement.
Ameba, €6.6M in a seed round
Location: London, the UK
Founded in: 2023
Total funding received: €8.1M
Recent funding resources: Hedosophia, Visionaries Club, Anamcara, Entrepreneur First
London-based Ameba, which develops software to solve supply chain complexity, has raised €6.6 million in a seed round. The company plans to use the funds to build a strong team, accelerate product development, and revolutionize supply chain operations in sectors such as consumer goods, retail, fashion, textiles, and CPG.
Formality, €8M
Location: Paris, France
Founded in: 2023
Total funding received: €8M
Recent funding resources: Partech, Serena, BPI
Paris-based platform Formality, which simplifies legal document management by centralizing files and providing quick access and alerts, has secured €8 million in funding: €5.6 million in a seed round and €2.4 million in debt funding. The fresh capital will enable Formality to expand its sales team, accelerate technological advancements, and prepare for its planned expansion into the American market in 2025.
Revyze, €5.5M in a seed round
Location: Paris, France
Founded in: 2022
Total funding received: €7.5M
Recent funding resources: Speedinvest, Moonfire, Ilkka Paananen, Sebastian Knutsson, Riccardo Zacconi, Nickey Skarstad, STATION F, Motier Ventures, Ligature
Paris-based edtech Revyze, which offers an AI-powered learning platform with verified short videos and quizzes created by students, has raised €5.5 million in a seed round. The funding will support team growth in Paris and expansion into the U.S. market in 2025, building on its pilot program and creator community.
Aerleum, €5.5M in a seed round
Location: Strasbourg, France
Founded in: 2023
Total funding received: €5.7M
Recent funding resources: 360 Capital, HTGF | High-Tech Gründerfonds, Norrsken, Bpifrance, Marble
Paris-based Aerleum, a startup focused on creating a circular economy by capturing carbon dioxide and converting it into clean alternatives to fossil-based products, has raised €5.5 million in a seed round. The funding will support the development of its first pilot and efforts to produce e-fuels and chemicals at price parity with fossil fuels, targeting hard-to-decarbonize industries like maritime and aviation.
Keel, €5.6M in a seed round
Location: London, the UK
Founded in: 2022
Total funding received: €5.6M
Recent funding resources: Earlybird Venture Capital, LocalGlobe
London-based startup Keel, which provides a no-code platform enabling operations teams to create custom software solutions, has raised €5.6 million in seed funding. The funds will be used to enhance its platform, expand its team, and grow its customer base, offering businesses a flexible alternative to traditional ERP systems.
DinMo, €5M in a seed round
Location: Paris, France
Founded in: 2022
Total funding received: €6.6M
Recent funding resources: 468 Capital, Big Bets, Seedcamp Motier Ventures, Financière Saint James
Paris-based DinMo, which helps marketing teams activate and manage customer data from the cloud, has secured €5 million to expand its team, open a London office, enhance AI-driven product development, and accelerate its European and US growth.
Minze Health, €4.9M in a Series A
Location: Antwerp, Belgium
Founded in: 2015
Total funding received: €8.7M
Recent funding resources: White Fund SA, Capricorn Partners, PMV, imec.istart future fund
Antwerp-based HealthTech startup Minze Health develops digital urology solutions, including remote uroflowmetry with Minze Homeflow and flexible in-clinic testing with Minze Hospiflow. In October, it raised €4.9 million in Series A funding to fuel U.S. expansion and develop digital therapeutics for lower urinary tract symptoms.
forward earth, €4.5M in a seed round
Location: Berlin, Germany
Founded in: 2023
Total funding received: €8.9M
Recent funding resources: Mosaic Ventures, Speedinvest, Revent
German climate tech startup forward Earth, which creates AI-powered environmental management software, has raised €4.5 million in seed funding to grow its team, scale operations, enter the U.S. market, and prepare for expansion into Asia.
GlassFlow, €4.5M in a seed round
Location: Berlin, Germany
Founded in: 2023
Total funding received: €5.5M
Recent funding resources: Upfront Ventures, High-Tech Gründerfonds, Robin Capital, TinyVC
Berlin-based startup GlassFlow offers a Python-based platform for building and managing event-driven data pipelines with serverless execution and built-in connectors. The startup has raised €4.5 million in seed funding to enhance its platform with data transformations, including stateful functions, chaining, and data lineage, and to support user-hosted cloud deployments.
LEVY Health, €4.2M in a seed round
Location: Berlin, Germany and San Francisco, the US
Founded in: 2020
Total funding received: €7.6M
Recent funding resources: XYZ Venture Capital, Atlantic Labs, Possible Ventures
LEVY Health, which develops clinical decision support software to help OB-GYNs and fertility clinics diagnose endocrine disorders and expedite fertility treatments, has secured €4.2 million in seed funding to enhance EMR integration, expand its platform, and scale its virtual care capabilities, aiming to provide faster, more personalized reproductive care and improve efficiency for fertility and women’s health providers, clinics, and biopharma.
Emidat, €4M in a seed round
Location: Munich, Germany
Founded in: 2023
Total funding received: €4M
Recent funding resources: General Catalyst
Munich-based startup Emidat has raised €4 million in seed funding to enhance its AI-driven platform that simplifies the creation of environmental product declarations (EPDs) for construction materials. The funding will support the startup's efforts to reduce costs, track embodied carbon impact, and strengthen its commercial activities and product development in preparation for upcoming regulations.
Concretene, €3.6M in a seed round
Location: Manchester, the UK
Founded in: 2020
Total funding received: €5M
Recent funding resources: Molten Ventures, LocalGlobe
Manchester-based nanomaterial technology firm Concretene has secured €3.6 million to further develop its innovative concrete admixture, which uses nanomaterial technology to reduce the construction industry's carbon footprint. The funding will be used to advance the graphene-enhanced admixture, with a focus on product certification and driving revenue growth.
baCta, €3.3M in a pre-seed round
Location: Paris, France
Founded in: 2024
Total funding received: €3.3M
Recent funding resources: OVNI Capital, Kima Ventures, SHARPSTONE Capital, another.vc, Thibaud Elziere, Nicolas Morin-Forest
Paris-based biotech startup baCta has raised €3.3 million in pre-seed funding to develop biosynthetic, carbon-negative natural rubber using engineered E. coli and renewable feedstocks. The funds will help expand its team and production capabilities, aiming to create a microbial strain that can produce high-quality natural rubber at a pilot scale for a pre-industrial demonstrator.
fynk, €3.1M in a seed round
Location: Vienna, Austria
Founded in: 2022
Total funding received: €4.3M
Recent funding resources: 3VC, 10x Founders
Vienna-based fynk, which enables businesses to streamline contract workflows by creating reusable, dynamic contracts with real-time collaboration and signing, has secured €3.1 million in a seed funding round. With the capital raised, the startup plans to develop its platform and expand its operations into new markets.
Dessia, €3M
Location: Paris, France
Founded in: 2017
Total funding received: €8.5M
Recent funding resources: Matterwave Ventures, Supernova Invest, Orano
French deeptech startup Dessia, which develops AI-powered robotic process automation software, has raised €3 million. The funds will support its international expansion, growth of sales and marketing teams, and the development of new industrial partnerships in Europe. The company will also enhance its platform by integrating customizable AI agents that replicate engineers' working methods.
In Parallel, €2.78M in a pre-seed round
Location: Helsinki, Finland
Founded in: 2023
Total funding received: €2.78M
Recent funding resources: Lifeline Ventures, Notion Capital
Helsinki-based startup In Parallel helps organizations create adaptive strategies using AI, enhancing agility and resilience by bridging the gap between strategy and execution. In October, the company secured €2.78 million in a pre-seed funding round to expand into Central Europe and the Nordics, enhance its AI-powered platform, and extend its solutions to more global enterprises.
Runware, €2.8M in a seed round
Location: London, the UK
Founded in: 2023
Total funding received: €2.8M
Recent funding resources: a16z’s Speedrun, LakeStar’s Halo II, Lunar Ventures, Begin Capital, Zero Prime
Runware, a London-based startup providing ultra-fast, low-cost generative media through custom hardware and AI-powered software, enabling effortless image generation without the need for infrastructure or ML expertise, has raised €2.8 million in a seed round. The fresh capital will support the startup's expansion and development efforts.
Ciudadela, €2.7M in a seed round
Location: Madrid, Spain
Founded in: 2022
Total funding received: €2.7M
Recent funding resources: Wayra, Athos Capital, Archipiélago Next, Big Sur Ventures, Finaves, Invertidos, Juan Urdiales, Felipe Navío
Madrid-based real estate platform Ciudadela, which revolutionizes property management with transparency, speed, and security at a fair price, recently secured €2.7 million in a seed funding round. The funds will be used to accelerate expansion, automate administrative processes, and enhance its platform for greater transparency, efficiency, and savings for homeowners' associations.
Nomos, €1.9M in a pre-seed round
Location: Berlin, Germany
Founded in: 2024
Total funding received: €1.9M
Recent funding resources: Speedinvest, Eric Quidenus-Wahlforss, Henrik Langeland, Nicolas Benady
German startup Nomos, which simplifies the process for hardware companies to launch their electricity plans through an easy-to-use API, has raised €1.9 million in a pre-seed funding round. The startup will use the capital to expand its engineering team and enhance its API solution for dynamic electricity plans, enabling OEMs and installers to offer cost-effective, transparent energy solutions.
Concert Bio, €1.5M in a funding round
Location: London, the UK
Founded in: 2022
Total funding received: €6.7M
Recent funding resources: EQT Foundation, Clear Current Capital, Conduit Connect, Ascension, HBG Invest, The Venture Collective (TVC)
London-based biotech startup Concert Bio, which helps growers optimize their microbiome through monitoring, analytics, and targeted interventions, has secured €1.5 million in a funding round. This investment will drive the expansion of their groundbreaking products, boosting agricultural productivity and sustainability both in the UK and internationally.
Univa Health, €1.2M in a pre-seed round
Location: London, the UK
Founded in: 2024
Total funding received: €1.2M
Recent funding resources: YZR Capital, Calm/Storm Ventures
London-based healthcare startup Univa Health, which focuses on creating accessible and effective solutions for the global management and treatment of eating disorders, has raised €1.2 million in a pre-seed funding round. With the capital, Univa Health plans to develop and commercialize its platform, conduct a clinical study, and expand its tech, product, and clinical teams in preparation for the platform's launch in early 2025.
