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 12 startups from CEE that secured funding in April, providing details on each deal. You can find below a list of 47 European startups that received funds during April.
HysetCo, €200M in a Series A round
Location: France
Founded in: 2020
Total funding received: €200M
Recent funding resources: Air Liquide, Eiffel Investment Group, Hy24, Kouros, RAISE Impact, TotalEnergies, Toyota Finance
French hydrogen mobility firm HysetCo offers fuel-cell cars and vans for taxis and commercial fleets to support electric transport. The startup has secured €200 million in a Series A round led by Hy24, making Hy24 the major shareholder. This capital will help HysetCo expand in France and across Europe.
Tree Energy Solutions, €140M in a Series C round
Location: Belgium
Founded in: 2019
Total funding received: €235M
Recent funding resources: AtlasInvest, Azimut Holding, E.ON, Fortescue Future Industries, HSBC, OG Energy, Reggeborgh, Zhero, Zodiac Maritime
Brussels-based Tree Energy Solution is a sustainable energy company that specializes in producing electric natural gas generated from green hydrogen. The startup has secured €140 million in a Series C round to expand the company's global portfolio of large-scale e-NG development projects and further work on the green energy hub in the port of Wilhelmshaven, Germany.
Pigment, €133M in a Series D round
Location: France
Founded in: 2019
Total funding received: €367.5M
Recent funding resources: Felix Capital, Greenoaks, ICONIQ Growth, IVP, Meritech Capital Partners, Sandberg Bernthal Venture Partners
French business forecasting platform Pigment has raised €133 million in a Series D led by ICONIQ Growth and Sandberg Bernthal Venture Partners. The capital will help Pigment to work on developing its planning platform and accelerate its investments in generative AI.
Parloa, €61.7M in a Series B round
Location: Germany
Founded in: 2017
Total funding received: €85.7M
Recent funding resources: Altimeter Capital, EQT Ventures, La Famiglia, Mosaic Ventures, Newion, Senovo
Berlin-based Parloa is a dialogue-based AI platform that enables businesses to remotely manage their client service channels. The startup has secured €61.7 million in a Series B round led by Altimeter Capital. With the investment, Parloa plans to expand in new markets including the US and further develop its AI platform.
GridBeyond, €52M in Series C round
Location: Ireland
Founded in: 2007
Total funding received: €81.8M
Recent funding resources: ABB, Act Venture Capital, Constellation Energy, Energy Impact Partners, Klima, Mirova, Yokogawa Electric Corp.
Irish GridBeyond is an analysis and asset management startup for the energy sector. In April, the startup secured €52 million in Series C round to expand in the US and enter new markets globally and develop its platform.
Tines, €46.4M in Series B round
Location: Ireland
Founded in: 2018
Total funding received: €135.7M
Recent funding resources: Accel, Addition, CrowdStrike Falcon Fund, Felicis, Silicon Valley CISO Investments
Dublin-based Tines develops a platform focused on automating and streamlining workflows for teams. The company has secured €46.4 million in a Series B funding round. The fresh funds will support Tines in expanding its automation platform into applications in infrastructure, engineering, and product development.
Flatpay, €45M in Series B round
Location: Denmark
Founded in: 2021
Total funding received: €62.7M
Recent funding resources: Dawn Capital, Seed Capital
Herlev-based fintech Flatpay offers payment software services for small and medium-sized companies. The startup has secured €45 million in Series B round led by Dawn Capital. The funding will be used to support Flatpay's growth.
MARKT-PILOT, €40M in Series A round
Location: Germany
Founded in: 2020
Total funding received: €46.2M
Recent funding resources: Insight Partners, Capnamic Ventures
German MARKT-PILOT is a software development startup that aims to help machine producers improve their spare parts business based on market pricing. The startup has raised €40 million in Series A round led by Insight partners with participation of Capnamic Ventures. The capital will help MARKT-PILOT to expand in the US and across Europe.
FlexAI, €28.5M in seed round
Location: France
Founded in: 2023
Total funding received: €28.5M
Recent funding resources: Alpha Intelligence Capital, Bpifrance, Elaia, Frst, Heartcore Capital, Karim Beguir, Motier Ventures, Partech
Paris-based FlexAI offers tools and resources for improving computer infrastructure to support large language models (LLMs) and other AI development requirements. It has secured €28.5 million in a seed round to further assist firms in accessing and utilizing the computational resources required for generative AI applications and projects.
Onego Bio, €27M in Series A round
Location: Finland
Founded in: 2022
Total funding received: €51M
Recent funding resources: Agronomics, EIT Food, Holdix Oy Ab, Maki.vc, NordicNinja VC, Tesi, Turret Oy
Helsinki-based food biotech startup Onego Bio has secured €27 million in Series A round led by NordicNinja VC. The startup plans to sustain its North American go-to-market plan, expand its team, and enhance its technology for animal-free egg production.
ONUM, €25.8M in Series A round
Location: Spain
Founded in: 2022
Total funding received: €37.4M
Recent funding resources: Dawn Capital, Insight Partners, Kibo Ventures
Spanish data tracking platform ONUM has secured €25.8 million in Series A round backed by Dawn Capital, Insight Partners, and Kibo Ventures. The capital will aid ONUM to expand its team and enter the US market.
Payflows, €25M in Series A round
Location: France
Founded in: 2022
Total funding received: €29.8M
Recent funding resources: Balderton Capital, Galeries Lafayette, Headline, Ribbit Capital, The Twenty Minute VC
French Payflows is an AI-powered SaaS finance platform that manages data collection, reporting, and assessments to assist businesses in lowering expenses and streamlining operational cash flows. The startup has raised €25 million in Series A round to further develop its platform.
Finmid, €23M in Series A round
Location: Germany
Founded in: 2021
Total funding received: € 35.6M
Recent funding resources: Blossom Capital, Earlybird Venture Capital, Max Tayenthal
Berlin-based platform Finmid merges financial services into products via a single integration without regulatory restrictions, allowing companies to sell financial products like loans to consumers. The startup has secured €23 million in Series A funding round to develop its financial B2B platform and expand across Europe.
Basemark, €22M in Series B round
Location: Finland
Founded in: 2015
Total funding received: €32.5M
Recent funding resources: Business Finland, Constructor Capital, ETF Partners, European Innovation Council, Tesi
Helsinki-based automotive AR startup Basemark provides a platform that enables original equipment manufacturers to develop personalized AR applications for use in vehicles, spanning navigation, infotainment, and driver assistance functionalities. This. Series B investment will support Basemark's expansion into new markets, particularly in China, Japan, and South Korea, while also strengthening its partnerships and operations with OEMs across Europe and the US.
Theolytics, €22.1M
Location: the UK
Founded in: 2017
Total funding received: €61.6M
Recent funding resources: Epidarex Capital, M Ventures, Oxford Science Enterprises, Sound Bioventures, Taiho Ventures, University of Oxford
Oxford-based clinical stage biotech startup Theolytics has secured €22.1 million funding to help the firm improve its position as it takes its main oncolytic adenovirus, THEO-260, into clinical trials in ovarian cancer planned for this year.
Wagestream, €20.4M
Location: the UK
Founded in: 2018
Total funding received: €25.8M
Recent funding resources: British Patient Capital, Lombard Odier, Northzone
London-based financial service startup Wagestream provides employees with an app to deposit their earned pay into their accounts and help manage user’s finances, payments and loans. It has raised €20.4 million to improve its financial platform by adding credit-builder cards, shopping discounts, loans, and AI-driven financial coaching.
Proxima Fusion, €20M in seed round
Location: Germany
Founded in: 2023
Total funding received: €27.7M
Recent funding resources: Bayern Kapital, DeepTech & Climate Fonds, HTGF | High-Tech Gruenderfonds, Max Planck Foundation, Plural Platform, redalpine, TOMORROW.VC, UVC Partners, Wilbe | Home for Scientist Leaders
Munich-based Proxima Fusion has received €20 million in a seed round led by redalpine. This funding will support Proxima Fusion in developing power plants using stellarators to create magnetic fields for high-energy particles. The startup aims to build the first generation of fusion power plants using quasi-isodynamic (QI) stellarators and high-temperature superconductors.
Mimo €18.1M in Series A round
Location: the UK
Founded in: 2023
Total funding received: €18.1M
Recent funding resources: Cocoa, Northzone, Seedcamp, Upfin
London-based financial service Mimo has raised €18.1 million in Series A funding to launch the platform, which helps users manage payments and cash flow by tracking expenses and categorizing transactions.
Pliant, €18M in Series A round
Location: Germany
Founded in: 2020
Total funding received: €170M
Recent funding resources: Alstin Capital, Motive Ventures, PayPal Ventures, SBI Investment
Berlin-based fintech startup Pliant develops an app that offers tailored payment solutions and helps businesses track their spending. The app allows companies to issue both physical and virtual credit cards, manage payment procedures, and monitor expenses. The startup has raised €18 million in Series A funding to further develop its platform and expand into new markets.
Centrifuge, €13.9M in Series A round
Location: Switzerland
Founded in: 2017
Total funding received: € 28.6M
Recent funding resources: Arrington Capital, Bloccelerate VC, Borderless Capital, Circle Ventures, Edessa Capital, Gnosis, Greenfield, IOSG Ventures, Lyuben Belov, Modular Capital, ParaFi Capital, ProtoCap, Re7 Capital, Scytale Digital, Skynet Trading, Stake Capital Group, Stefan George, The Spartan Group, TRGC, Wintermute Ventures
Zug-based Centrifuge is a global platform enabling the management and investment of tokenized funds. The startup has raised €13.9 million in its Series A round. This funding will support team expansion, enhance education and growth within the tokenization ecosystem, and further develop its product offerings.
BforeAI, €13.9M in Series A round
Location: France
Founded in: 2020
Total funding received: €13.9M
Recent funding resources: Addendum Capital, Karista, Karma Ventures, Partnership Fund for New York City, SYN Ventures
Montpellier-based cybersecurity platform BforeAI has secured €13.9 million in Series A funding, with SYN Ventures leading the investment round. This capital will help BforeAI to expand its marketing efforts and broaden the reach of its platform to a wider user base.
Red Rover, €14M in Series A round
Location: Norway
Founded in:2023
Total funding received: €19.9M
Recent funding resources: Acequia Capital (AceCap), Behold Ventures, GEM Capital, Krafton, Lifelike Capital, Overwolf, The Games Fund, TIRTA Ventures
Oslo-based game development studio Red Rover has raised €14 million in Series A funding led by Krafton. The investment will help the startup to grow its team, build its presence in the market, and further develop its new game Project Coltrane.
Pactio, €12.8M in Series A round
Location: the UK
Founded in: 2021
Total funding received: €16.9M
Recent funding resources: EQT Ventures, Matt Henderson, Tom Greenwood
London-based fintech startup Pactio specializes in software that changes the management of venture capital deals. The startup has secured €12.8 million in Series A funding to expand its digital architecture across the whole investment cycle and improve its AI solution.
Prothea Technologies, €12M in Series A round
Location: the UK
Founded in: 2021
Total funding received: €12M
Recent funding resources: Earlybird Venture Capital, Merieux Equity Partners, NRW.BANK, Old College Capital
Edinburgh-based MedTech startup Prothea Technologies offers lung cancer biopsy and therapy. In April, it raised €12 million in funding co-led by Earlybird Venture Capital and Merieux Equity Partners. The new funding will help Prothea Technologies to work on improving lung cancer therapy and diagnosis.
Infogrid, €13M in Series B round
Location: the UK
Founded in: 2018
Total funding received: €137.8M
Recent funding resources: A/O, Keyframe Capital Partners, Northzone, The Venture Collective
London-based AI tech startup Infogrid that facilitates building management has raised €13 million in Series B round from A/O, Keyframe Capital Partners, Northzone, and The Venture Collective.
HappySignals, €12M
Location: Finland
Founded in: 2014
Total funding received: €17.7M
Recent funding resources: Mandatum Asset Management, Nauta Capital, Vendep Capital
Helsinki-based SaaS platform HappySignals assists firms in boosting their internal services by focusing on the employee experience through measurement and analysis of employee happiness and productivity. The startup has secured €12 million in funding to promote global expansion in the IT Experience Management market by supporting sales, marketing, and product development efforts.
Seamless Therapeutics, €11.8M in seed round
Location: Germany
Founded in: 2022
Total funding received: €23.6M
Recent funding resources: Forbion Capital Partners, Wellington Partners
Dresden-based Seamless Therapeutics is a tech platform that accesses established methods of solving severe disease. In April, the startup secured €11.8 million in seed round to further develop its designer recombinases, a novel gene editing platform to transform the treatment of severe diseases.
Treefera, €11.1M in Series A round
Location: the UK
Founded in: 2022
Total funding received: €13.2M
Recent funding resources: AlbionVC, Concept Ventures
London-based AI-powered data platform Treefera has raised €11.1 million in Series A round backed from AlbionVC and Concept Ventures. The funding will help the startup to strengthen its platform capabilities and grow its international team.
Lawhive, €11.1M in seed round
Location: the UK
Founded in: 2019
Total funding received: €13M
Recent funding resources: Episode 1, Google Ventures
London-based Legal Tech Lawhive has raised €11.1 million in seed funding from Episode 1 and Google Ventures. The startup aims to help small businesses and individuals access legal help from lawyers. The capital will help Lawhive to expand its team, with current job openings for roles such as AI engineers and software developers.
Zefir, €11M
Location: France
Founded in: 2020
Total funding received: €35M
Recent funding resources: Heartcore Capital, Sequoia Capital, Stride.VC, Third Kind Venture Capital, Zigg Capital
Paris-based real estate startup Zefir, which provides a platform for property transactions, has secured €11 million in funding. The startup intends to utilize this capital to further develop its product and enhance its AI capabilities, with the goal of creating more efficient tools for sellers, buyers, and agents.
TransferGo, €9.3M
Location: the UK
Founded in: 2012
Total funding received: €12.7M
Recent funding resources: Taiwania Capital Management Corporation
London-based fintech TransferGo develops a platform for sending money globally to assist migrant workers and businesses. The startup has raised €9.3 million in funding to expand and develop in the Asia-Pacific region.
Qureight, €7.9M in Series A round
Location: the UK
Founded in: 2018
Total funding received: €10.2M
Recent funding resources: Ascension Life Fund, Cambridge Angels group, Guinness Ventures, Hargreave Hale Aim VCT, Meltwind Advisory, Playfair Capital, XTX Ventures
Cambridge-based imaging analytics company Qureight has secured €7.9 million in Series A funding led by Hargreave Hale Aim VCT. The startup will use the capital to grow its operations and invest more in research and development efforts.
PlanerAI, €7.5M in Series A round
Location: Germany
Founded in: 2021
Total funding received: €7.5M
Recent funding resources: Earlybird Venture Capital, ETF Partners, LBBW VC
German food AI-based planning startup PlanerAI develops a platform that links food producers and suppliers to broaden supply chains, improve profits, and eliminate food waste. The startup has raised €7.5 million in Series A round led by ETF Partners, and saw participation from LBBW, Earlybird Venture Capital, and various angel investors.
Verax AI, €6.5M in seed round
Location: the UK
Founded in: 2023
Total funding received: €6.5M
Recent funding resources: Cardumen Capital, Concept Ventures, InMotion Ventures, Seedcamp, TQ Ventures
London-based deep tech software startup Verax AI has raised €6.5 million in seed funding from Cardumen Capital, Concept Ventures, InMotion Ventures, Seedcamp and TQ Ventures.
Crypto Valley Exchange, €6.5M in seed round
Location: Switzerland
Founded in: 2023
Total funding received: €6.5M
Recent funding resources: Amdax, Fabric Ventures, FiveT Fintech (formerly Avaloq Ventures), FunFair Ventures, SALT Fund, Saxon, Seier Capital, Wave Digital Assets
Zug-based Crypto Vallet Exchange is a trading platform where cryptocurrency holders can trade futures and options for their currency. The startup has raised €6.5 million in a seed round to support its platform's launch and advance its development plan.
Goodcarbon, €5.25M in seed round
Location: Germany
Founded in: 2021
Total funding received: €10.3M
Recent funding resources: 468 Capital, Greenfield, Ocean 14 Capital, Planet A Ventures, Silverstrand Capital
Berlin-based Goodcarbon develops an online financial and trading platform that helps eco-friendly companies protect nature by funding important projects that use natural solutions. In return, they earn carbon credits. The startup has secured €5.25 million in seed round to further develop its platform.
TaxDown, €5M
Location: Spain
Founded in: 2019
Total funding received: €19.6M
Recent funding resources: 4Founders Capital, Abac Nest, Base10 Partners, ENISA, JME Ventures
Madrid-based fintech startup TaxDown offers a platform aimed at simplifying the process of filing income tax returns. Users can easily file their tax returns through the platform, which collaborates directly with the Tax Agency. It has raised €5 million in funding, and it will use the investment to further expand and develop the startup’s platform in Spain and Mexico.
Deltia, €4.5M in seed round
Location: Germany
Founded in: 2022
Total funding received: €4.5M
Recent funding resources: Cavalry Ventures, Christian Dahlen, Combination Ventures, Edward Grefenstette, Maximilian Viessmann, Merantix, Nicolas Peters, Robin Capital, Walter Kortschak, Willi Tscheschner
German AI-based process analytics platform Deltia has raised €4.5 million in seed funding. The capital will be used to support the startup’s mission to upgrade manual assembly lines using computer vision and AI and help meet the growing demand for skilled production workers in the industry.
NovaMea, €2.9M in seed round
Location: Switzerland
Founded in: 2023
Total funding received: €2.9M
Recent funding resources: Lightspeed Venture Partners
Renens-based clean technology startup NovaMea has secured €2.9 million in seed round led by Lightspeed Venture Partners. The startup plans to use the funding to scale its operations, boost product development, and work towards advancing the company's research and development efforts.
OpenTrade, €2.9M in seed round
Location: the UK
Founded in: 2023
Total funding received: €4.4M
Recent funding resources: a16z crypto, CMCC Global, Draper Dragon, Plassa Capital, Ryze Labs
London-based crypto lending platform OpenTrade has secured €2.9 million in seed round backed by to a16z crypto, CMCC Global, Draper Dragon, Plassa Capital, Ryze Labs. The capital will help OpenTrade grow its operations.
Condukt €2.9M in pre-seed round
Location: the UK
Founded in: 2022
Total funding received: €2.9M
Recent funding resources: Cocoa, Don Hoang, Lightspeed Venture Partners, Tiny VC
London-based Condukt is a KYB (Know Your Business) provider that helps businesses solve financial challenges by performing a variety of AML (Anti-Money Laundering) procedures. In April, it raised €2.9 million in pre-seed funding to speed up product development, grow its national sales staff, strengthen customer support and success services, and address increasing market demand.
Langdock, €2.8M in seed round
Location: Germany
Founded in: 2023
Total funding received: €2.8M
Recent funding resources: Erik Muttersbach, General Catalyst, Hanno Renner, Johannes Reck, La Famiglia, Rolf Schromgens, Y Combinator
German chat assistant software Langdock has raised €2.8 million in seed round led by General Catalyst and La famiglia. The startup plans to use the capital to strengthen operations and growth efforts.
Signapse, €2.3M in seed round
Location: the UK
Founded in: 2022
Total funding received: €2.6M
Recent funding resources: Soulmates Ventures
Guildford-based language sign translation software Signapse has secured €2.3 million in seed round backed by Soulmates Ventures. The funding will be used to further build unconstrained translation for sign language.
Fundpath, €2.3M in seed round
Location: the UK
Founded in: 2021
Total funding received: €6.9M
Recent funding resources: Fuel Ventures
London-based fintech startup Fundpath has raised €2.3 million in seed round from Fuel Ventures. The additional funding will enable Fundpath to accelerate its product development plans by enhancing investments in its workforce, technology infrastructure, and data capabilities.
Cultimate Foods, €2.3M in seed round
Location: Germany
Founded in: 2021
Total funding received: €3.2M
Recent funding resources: b.value AG, Big Idea Ventures, HTGF | High-Tech Gruenderfonds, Kale United, Life Science Valley Wachstumsfond
Berlin-based cellular agriculture startup Cultimate Foods focuses on producing generated fat for hybrid alternative meat products, using 3D cultivation technology at a reduced cost. It has raised €2.3 million in seed funding to expand manufacturing techniques, commercial connections, and operations.
XUND, €2M in seed round
Location: Austria
Founded in: 2018
Total funding received: €8M
Recent funding resources: MassMutual Ventures, MMC Ventures, Thieme
Vienna-based XUND develops Patient Interaction Suite to enable healthcare firms to digitally store patient interactions and use data for actionable insights, resulting in enhanced prevention, faster diagnosis, and integrated monitoring. In April, it secured €2 million in seed funding to assist the Vienna-based firms with creating Medical Large Language Models.
Isospec Analytics SA, €1.7M in pre-seed round
Location: Switzerland
Founded in: 2022
Total funding received: €2M
Recent funding resources: another.vc, Founderful, Tiny VC, Venture Kick
Lausanne-based biotech startup Isospec Analytics SA, focusing on simplifying molecular identification, has secured €1.7 million in a pre-seed funding round to expand its software team with data engineering specialists and advance its technology further.
