Another month has passed, and we are back with the next summary of investments in Europe - we would like to present you the TOP European startups that closed financial rounds in November. This month, investors were attracted mostly to Software, Financial Services, Information Technology, and FinTech sectors.
Let's sink into the TOP 30 November funding rounds in Europe!
Verkor
Location: Grenoble, France
Launch date: 2020
Funding Round: Venture round €250M
Funding Source: Bpifrance, Demeter, European Investment Bank, Groupe IDEC
Total funding received: €370M
Verkor, founded in 2020, is an industrial company from Grenoble, France, set to amplify battery cell production. Verkor’s ambition is to increase the industrial dynamics of production of low-emission batteries in France to serve the European market. The company has recently secured €250M from Bpifrance, Demeter, European Investment Bank and Groupe IDEC.
Matter Labs
Location: Berlin, Germany
Launch date: 2018
Funding Round: Series C €190.34M
Funding Source: Andreessen Horowitz, Blockchain Capital, Dragonfly, Lightspeed Venture Partners, Variant
Total funding received: €245,51M
Matter Labs, founded in 2018, is a German startup scaling Ethereum with zero-knowledge proofs to accelerate public blockchain adoption. It is powered by the curiosity of science, and the joy of engineering. Recently secured series C in the amount of €190.34M was supported by Andreessen Horowitz, Blockchain Capital, Dragonfly and Lightspeed Venture. The founders are deeply convicted, that the most impactful way to improve the world nowadays is to provide an open and free alternative to its existing and deeply flawed financial system.
Keyrock
Location: Woluwe-Saint-Pierre, Belgium
Launch date: 2017
Funding Round: Series B €68.52M
Funding Source: Middlegame Ventures, Ripple, SIX FinTech Ventures
Total funding received: €74.33M
Keyrock is a company based in Woluwe-Saint-Pierre, Belgium, developing scalable and transparent proprietary algorithmic technologies which increase the liquidity of crypto financial assets. Company use trading bots and infrastructure to supply market-making and liquidity services to the ecosystem of cryptocurrencies. They have secured €68.52M during a series B round from Middlegame Ventures, Ripple and SIX FinTech Ventures.
Agriconomie
Location: Coole, France
Launch date: 2014
Funding Round: Series B €60.48M
Funding Source: Aliment Capital, Temasek Holdings, Treïs
Total funding received: €60.48M
France-based Agriconomie was founded in 2014 as an agricultural technology e-commerce company which provides farmers with a wide range of online tools. It offers to purchase support, personalized advice, advertising and information source sharing. The company has recently secured a series B in the amount of €60.48M from companies like Aliment Capital, Temasek Holdings and Treïs.
Modern Milkman
Location: Manchester, United Kingdom
Launch date: 2018
Funding Round: Series C €57.95M
Funding Source: Avery Dennison, ETF Partners, Insight Partners, Praetura Ventures
Total funding received: €79.82M
British Modern Milkman, operating since 2018, is a return-and-reuse grocery service with a mission to reduce waste production on the planet. The company delivers fresh milk, groceries, and household products straight to the customer's doors using reusable containers, glass bottles and recyclable packaging. Recently, they have raised series C funding of €57.95M from Avery Dennison, ETF Partners, Insight Partners and Praetura Ventures.
eleQtron
Location: Siegen, Germany
Launch date: 2020
Funding Round: Seed €50M
Funding Source: Earlybird Venture Capital, Siegerlandfonds
Total funding received: €50M
Germany-based eleQtron is a company founded in 2020, which creates and operates quantum computers based on trapped ions, radio frequency control, and Magnetic Gradient Induced Coupling, known as MAGIC. During a seed round, the company recently secured the amount of €50M from Earlybird Venture Capital and Siegerlandfonds. In the near future, the company will run their computers and provide quantum computing performance on a subscription basis.
Plend
Location: London, United Kingdom
Launch date: 2020
Funding Round: Seed €46.37M
Funding Source: Active Partners, Ascension, DD Venture Capital, Fair By Design Fund, Haatch, Nationwide Building Society, SIVO, Tomahawk.VC
Total funding received: €47.26M
Plend is a company based in the UK founded in 2020, working on the creation of a better way of borrowing, where consumers are no longer held back by credit history. As a consequence, users have wider access to truly affordable loans, supported by advances in open banking. Recently, during the seed round, they secured the amount of €46.37M from Active Partners, Ascension, DD Venture Capital, Fair By Design Fund, Haatch, Nationwide Building Society, SIVO and Tomahawk.VC.
Cobee
Location: Madrid, Spain
Launch date: 2018
Funding Round: Series B €40M
Funding Source: Balderton Capital, DILA Capital, Notion Capital, Octopus Ventures, Speedinvest
Total funding received: €57.32M
Madrid-based Cobee was founded in 2018 as a fintech startup specializing in developing an online platform that automates and simplifies employee benefits management. Their platform eliminates intermediaries and external suppliers of each of the benefits, which can reduce additional costs and improve service quality for companies and their employees. Cobee has recently secured €40M in series B from Balderton Capital, DILA Capital, Notion Capital, Octopus Ventures and Speedinvest, during their series B round.
V7
Location: London, United Kingdom
Launch date: 2018
Funding Round: Series A €31.43M
Funding Source: Air Street Capital, Amadeus Capital Partners, Ashish Vaswani, Francois Collet, José Valim, Oriol Vinyals, Partech, Radical Ventures, Temasek Holdings
Total funding received: €40,96M
V7 specializes in healthcare, life sciences, manufacturing, autonomous driving, and agriculture technology. It is a company founded in 2018 and located in London, which provides an AI data engine which assists clients in managing datasets. This AI is learning continuously from training data with the littlest human supervision. It recently secured an amount of €31.43M during a series A round from the investors such as Air Street Capital, Amadeus Capital Partners, Ashish Vaswani, Francois Collet, José Valim, Oriol Vinyals, Partech, Radical Ventures and Temasek Holdings.
WeGift
Location: London, United Kingdom
Launch date: 2016
Funding Round: Series B €30.17M
Funding Source: AlbionVC, Clocktower Technology Ventures, CommerzVentures, Element Ventures, SAP.iO, Volution
Total funding received: €44.5M
WeGift is a digital incentive platform which helps brands to engage with their customers. It is located in the United Kingdom and was founded in 2016. The company connects and automates gift card purchases using a wide range of e-commerce, analytics, and marketing. AlbionVC, Clocktower Technology Ventures, CommerzVentures, Element Ventures, SAP.iO and Volution are the companies which recently supported WeGift with the amount of €30.17M during a series B funding round.
Lodgify
Location: Barcelona, Spain
Launch date: 2012
Funding Round: Series B €28.55M
Funding Source: aldeA Ventures, Bonsai Partners, ICF Capital, Intermedia Venture, Nauta Capital, Octopus Ventures
Total funding received: €34.8M
Barcelona-based Lodgify was founded in 2012 and is an all-in-one SaaS tool designed to support holiday rental owners and property managers in managing and marketing their accommodation businesses. Its mobile-friendly website with a variety of functions let them manage all the reservations and availabilities efficiently and instantly synchronizes property information with listing on multiple rental portals. During a series B round, the startup has secured €28.55M from aldeA Ventures, Bonsai Partners, ICF Capital, Intermedia Venture, Nauta Capital and Octopus Ventures.
TreeCard
Location: London, United Kingdom
Launch date: 2020
Funding Round: Series A €22M
Funding Source: Dylan Field, Episode 1, EQT Ventures, Josh Browder, Seedcamp, Valar Ventures, World Fund
Total funding received: €27.53M
Treecard is a full-stack green finance platform, which was founded in 2020 in the United Kingdom. It allows consumers to spend, save and invest their money responsibly. Their first product is a wooden payment cart which funds reforestation via the generated interchange fees. Recently they have secured the amount of €22M from Dylan Field, Episode 1, EQT Ventures, Josh Browder, Seedcamp, Valar Ventures and World Fund, during a series A round.
Red Points
Location: Barcelona, Spain
Launch date: 2011
Funding Round: Venture Round €20M
Funding Source: Eight Roads Ventures, IRIS, Summit Partners
Total funding received: €101.46M
Founded in 2011, Red Points is a Barcelona-based technology company. It offers a wide range of fraud prevention solutions, which help brands fight piracy, impersonation, and distribution abuse. Their SaaS platform removes monthly hundreds of thousands of incidents of illegal products and content from the web. Eight Roads Ventures, IRIS and Summit Partners were the companies that supported Red Points by €20M during a venture funding round.
PhotoRoom
Location: Paris, France
Launch date: 2019
Funding Round: Series A €18.07M
Funding Source: Adjacent, Balderton Capital, Hugging Face, Meta
Total funding received: €18.19M
PhotoRoom provides an AI-enabled image-capturing app, which lets its users create studio-quality product pictures in seconds. Founded in Paris it is operating since 2019. Their app allows users to remove background from their images, and showcase products in one click for free. Recently they got €18.07M during a series A round from Adjacent, Balderton Capital, Hugging Face and Meta.
Cambridge GaN Devices
Location: Cambridge, United Kingdom
Launch date: 2016
Funding Round: Series B €18.07M
Funding Source: BGF Ventures, Cambridge Innovation Capital, Foresight Williams, IQ Capital, Martlet Capital, Parkwalk Advisors
Total funding received: €27.11M
Cambridge GaN Devices, a spin-out of Cambridge University is a company founded in 2016 located in the United Kingdom. It develops transistors bringing widespread adoption of GaN technology in consumer electronics. They want to popularize a range of energy-efficient GaN-based power devices to make greener electronics possible. It recently secured €18.07M during a series B from BGF Ventures, Cambridge Innovation Capital, Foresight Williams, IQ Capital, Martlet Capital and Parkwalk Advisors.
Kiln
Location: Paris, France
Launch date: 2018
Funding Round: Series A €17M
Funding Source: Alven, BlueYard Capital, ConsenSys, GSR, Illuminate Financial, Kraken Ventures, LeadBlock Partners, Sparkle Ventures, SV Angel, Third Kind Venture Capital, XBTO Group
Total funding received: €21.54M
Kiln is a pledge platform on an enterprise level providing one-click pledge services for encrypted assets. It was founded in 2018 in Paris, with the aim to create a better world, with more access to opportunities, and fewer hidden systemic risks. Recently, they have secured the amount of €17M during a series A round from the companies like Alven, BlueYard Capital, ConsenSys, GSR, Illuminate Financial, Kraken Ventures, LeadBlock Partners, Sparkle Ventures, SV Angel, Third Kind Venture Capital and XBTO Group.
Ukio
Location: Barcelona, Spain
Launch date: 2020
Funding Round: Series A €17M
Funding Source: Actyus, Breega, Bynd Venture Capital, Felix Capital, Heartcore Capital, Kreos Capital, Partech
Total funding received: €37.53M
Ukio is a property technology company from Spin founded in 2020. It operates a network of high-quality design-forward flats available for monthly stays across almost all of Europe being an alternative to the traditional housing market. Ukio has recently secured a series A in the amount of A €17M from Actyus, Breega, Bynd Venture Capital, Felix Capital, Heartcore Capital, Kreos Capital and Partech.
Giraffe360
Location: London, United Kingdom
Launch date: 2016
Funding Round: Series A €15.3M
Funding Source: Change Ventures, Founders Fund, HCVC, Hoxton Ventures, LAUNCHub Ventures
Total funding received: €26.7M
Founded in 2016, Giraffe360 is a robotic technology company based in the United Kingdom. It offers 360-degree photography and virtual tour cameras, which provide a true-to-life online experience for real estate agents, helping them to elevate property purchases. Companies like Change Ventures, Founders Fund, HCVC, Hoxton Ventures and LAUNCHub Ventures invested in them a total of €15.3M during a series A funding round.
Enode
Location: Oslo, Norway
Launch date: 2020
Funding Round: Series A €14.28M
Funding Source: Andreas Lundgren, Andrew Lundsten, BoxGroup, Creandum, Lowercarbon Capital, Matt Cohler, My Climate Journey Collective, Skyfall Ventures, Y Combinator
Total funding received: €16.37M
Enode is a Norway-based company, founded in 2020, which develops APIs that connect EVs, home chargers, solar, batteries and heating to an energy management app. The app is integrated with a SaaS-based infrastructure platform, which helps customers to optimize their energy consumption. Enode has recently secured a series A round in the amount of €14.28M from Andreas Lundgren, Andrew Lundsten, BoxGroup, Creandum, Lowercarbon Capital, Matt Cohler, My Climate Journey Collective, Skyfall Ventures and Y Combinator.
Quix
Location: London, United Kingdom
Launch date: 2020
Funding Round: Series A €12.75M
Funding Source: MMC Ventures, Passion Capital, Project A Ventures
Total funding received: €15.42M
The UK-based Quix, a company which was founded in 2020, is a serverless real-time data platform providing real-time back-end applications, as well as data processing services. It is made for engineers, developers and data scientists, who build real-time data-driven applications. The amount of €12.75M has been recently secured by them during a series A round from the companies like MMC Ventures, Passion Capital and Project A Ventures.
ifeel
Location: Madrid, Spain
Launch date: 2017
Funding Round: Series A €10M
Funding Source: Nauta Capital, UNIQA Ventures
Total funding received: €19.1M
ifeel is a company located in Madrid, and founded in 2017, which provides an all-in-one emotional well-being platform, made both for individuals and organizations. It uses technology to make effective mental healthcare more scalable, accessible and convenient, as well as interacts with licensed psychologists and covers the full spectrum of emotional well-being needs. ifeel has recently secured a series A round in the amount of €10M from Nauta Capital and UNIQA Ventures.
Apheris
Location: Berlin, Germany
Launch date: 2019
Funding Round: Seed €8.7M
Funding Source: another.vc, Berthold von Freyberg, Dig Ventures, Heal Capital, LocalGlobe, Mirko Novakovic, Octopus Ventures, Patrick Pichette
Total funding received: €11.17M
Apheris is a platform for federated & privacy preserving data science founded in 2019 in Berlin. The company strives to connect the world’s data in order to extract better insights, fulfilling its mission to empower companies to run analytics on decentralized datasets. The company has secured the amount of €8.7M from another.vc, Berthold von Freyberg, Dig Ventures, Heal Capital, LocalGlobe, Mirko Novakovic, Octopus Ventures and Patrick Pichette, during a seed round.
Ejara
Location: Bordeaux, France
Launch date: 2019
Funding Round: Series A €7.61M
Funding Source: Anthemis Group, Bpifrance, Circle Ventures, CoinShares, Dragonfly, EMURGO, HashKey Capital, Jason Yanowitz, Lateral Capital, Mercy Corps Ventures, Moonstake
Total funding received: €9.52M
Ejara provides an application for Africa and its diaspora to gain access to various investment offers of fractional shares, commodities and cryptocurrency, as well as secure investment and savings. It was founded in 2019 in Bordeaux, France. Recently Ejara secured a series A in the amount of €7.61M from Anthemis Group, Bpifrance, Circle Ventures, CoinShares, Dragonfly, EMURGO, HashKey Capital, Jason Yanowitz, Lateral Capital, Mercy Corps Ventures and Moonstake.
Worldr
Location: London, United Kingdom
Launch date: 2019
Funding Round: Seed €7.61M
Funding Source: Alexander Walsh, Hussain Baig, IQ Capital, John Theroux, MD ONE Ventures, Molten Ventures, Navigate Ventures LLC, Playfair Capital, Pretiosum Ventures
Total funding received: €10.47M
Worldr is a company founded in 2019 in the United Kingdom. It creates zero-trust security products for existing collaboration and communications platforms. Its purpose is to allow organizations to comply with regulations and secure data, without leaving their loved platforms. The recent seed round brought them an amount of €7.61M from the companies like Alexander Walsh, Hussain Baig, IQ Capital, John Theroux, MD ONE Ventures, Molten Ventures, Navigate Ventures LLC, Playfair Capital and Pretiosum Ventures.
Babaco Market
Location: Milan, Italy
Launch date: 2020
Funding Round: Series A €6.3M
Funding Source: Boost Heroes, CDP Venture Capital, Doorway Capital, Feel Venture, LVenture Group, Niccolo Maisto, Plug and Play, Seven Investments, Startupbootcamp FoodTech Rome, United Ventures
Total funding received: €8.11M
Italy-based Babaco Market is an e-commerce business founded in 2020, which relies on selling grocery “ugly products” with a subscription business model approach. Customers can order there out-of-the-ordinary fruits and vegetables at home, delivered in a box directly to their homes. Recently, Babaco Market secured an amount of €6.3M during a series A round from Boost Heroes, CDP Venture Capital, Doorway Capital, Feel Venture, LVenture Group, Niccolo Maisto, Plug and Play, Seven Investments, Startupbootcamp FoodTech Rome and United Ventures.
Cradle
Location: Zürich, Switzerland
Launch date: 2021
Funding Round: Seed €5.5M
Funding Source: Emily Leproust, Feike Sijbesma, Index Ventures, John Zimmer, Kindred Capital
Total funding received: €5.5M
Cradle is a company based in Switzerland, which was founded in 2021. Thanks to its robust prediction algorithms and AI design recommendations, it can easily assist biologists in rapidly designing better proteins. Cradle has recently secured a seed round in the amount of €5.5M from Emily Leproust, Feike Sijbesma, Index Ventures, John Zimmer and Kindred Capital.
Atlar
Location: Stockholm, Sweden
Launch date: 2022
Funding Round: Seed €5M
Funding Source: Cocoa, Index Ventures, Jan Kemper, La Famiglia, Mikko Salovaara, The Delta, Thijn Lamers
Total funding received: €5M
Atlar is a bank payments platform for automated money movement founded in 2022 in Stockholm, Sweden, which lets businesses automate all of their payment activities directly with their existing bank partners. The startup is backed by Index Ventures, a VC fund that helped companies like Revolut or Figma, which recently led its €5M seed round along with Cocoa, Jan Kemper, La Famiglia, Mikko Salovaara, The Delta and Thijn Lamers.
Landmark Games
Location: London, United Kingdom
Launch date: 2021
Funding Round: Seed €4.47M
Funding Source: Concept Ventures, Edo Salvesen, InReach Ventures, Karthik Prabhakar, Moonfire Ventures, Murray Pannell, Nick Button-Brown, Oliver Jenkinson, Parin Shah, Project A Ventures
Total funding received: €4.47M
Landmark Games is a mobile game development studio, which creates free-to-play games based on the need of sharing, their company value. It is located in the United Kingdom and was founded in 2021. €4.47M is the amount secured during a recent seed round from Concept Ventures, Edo Salvesen, InReach Ventures, Karthik Prabhakar, Moonfire Ventures, Murray Pannell, Nick Button-Brown, Oliver Jenkinson, Parin Shah and Project A Ventures.
Bfore.AI
Location: Montpellier, France
Launch date: 2020
Funding Round: Series A €4M
Funding Source: Addendum Capital, Amsterdam Venture Partners, Karista, Karma Ventures, TheVentureCity
Total funding received: €4.14M
Bfore.AI, founded in 2020 in Montpellier, France, is a company providing predictive Cyber Threat Intelligence and Digital Assets Protection which helps develop cybersecurity to a preventive posture, leaving detection and response where it can't be done in the other way. During a recent series A, they secured the amount of €4M from Addendum Capital, Amsterdam Venture Partners, Karista, Karma Ventures and TheVentureCity.
Bellman
Location: Paris, France
Launch date: 2019
Funding Round: Series A €3M
Funding Source: Breega, Lakestar
Total funding received: €21.56M
Paris-based Bellman is a company founded in 2019, which empowers property managers with proper technology and services so that they can provide fast and transparent service to property owners. Its platform was developed to manage properties aiming at enhancing residential building administration. A recent series A funding round brought them a total of €3M from Breega and Lakestar.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase.
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TOP European Funding Rounds Closed In September 2022 (Konrad Koncerewicz, Head of VC & Startups, Vestbee)
TOP European Funding Rounds Closed In August 2022 (Konrad Koncerewicz, Head of VC & Startups, Vestbee)
