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 February, providing details on each deal. Below is a list of 50 startups from a broad European region that received funds during February.
Luminance, €70M in Series C
Location: Cambridge, the UK
Founded in: 2015
Total funding received: €132.2M
Recent funding resources: Slaughter and May, Schroders Capital, RPS Ventures, Point72 Ventures, National Grid Partners (NGP), March Capital, Forestay Capital
London-based legal AI company Luminance, which specializes in transforming how legal teams handle contracts and workflows using AI-powered automation and augmentation, has secured €70 million in a Series C round to expand its platform, enhance contract management, and scale operations globally.
Shop Circle, €56M in Series B
Location: London, the UK
Founded in: 2021
Total funding received: €233M
Recent funding resources: The Techshop, QED Investors, Primo Capital, NFX, Nextalia, i80 | Group, GS Futures, Endeavor Catalyst, CDP Venture Capital, 645 Ventures
London-based tech startup Shop Circle, which acquires and grows e-commerce software, has recently raised €56 million in a Series B funding round to scale its e-commerce app suite, enhance AI tools, and integrate the newly acquired Aiden software.
AppliedAI, €51.4M in Series A
Location: London, the UK
Founded in: 2021
Total funding received: €90.7M
Recent funding resources: Palantir Technologies, McKinsey & Company, G42, Bessemer Venture Partners, Accrete Capital
UK-based AppliedAI develops products to automate human processes in insurance, pharmaceuticals, healthcare, and government. The company has secured €51.4 million in a Series A round to enhance its AI tools and expand its team, supporting a growing client base in the US and Europe.
Sparta, €39.2M in Series B
Location: Geneva, Switzerland
Founded in: 2020
Total funding received: €62.3M
Recent funding resources: Singular, One Peak, FirstMark
Geneva-based startup Sparta, which helps traders identify opportunities with clarity and confidence, has raised €39.2 million in a Series B funding round to expand beyond oil and gas, enhance its AI capabilities, and advance its predictive analytics for price forecasting and market insights.
Latent Labs, €37.3M in Series A
Location: London, the UK
Founded in: 2023
Total funding received: €47.8M
Recent funding resources: Sofinnova Partners, Radical Ventures, Pillar VC, Kindred Capital, Isomer Capital, Flying Fish Partners, 8VC, Mati Staniszewski
London-based biotech startup Latent Labs, specializing in foundational models to advance molecular biology, raised €37.3 million in a Series A funding round in February. The funding will be used to scale its AI models, expand its team, validate its technology, and build partnerships in biotech and pharma.
Relay, €32.7M in Series A
Location: London, the UK
Founded in: 2022
Total funding received: €43.1M
Recent funding resources: Prologis Ventures, Project A Ventures, Plural Platform
London-based logistics e-commerce startup Relay Technologies has raised €32.7 million to expand infrastructure, enhance its tech platform, scale operations, onboard clients, and improve service reliability, all while reducing costs and environmental impact.
Avelios Medical, €30M in Series A
Location: Munich, Germany
Founded in: 2020
Total funding received: €32M
Recent funding resources: Sequoia Capital, Revent, HTGF | High-Tech Gruenderfonds
German healthcare startup Avelios Medical, which offers a modular platform to digitize and optimize hospital processes, has raised €30 million in a Series A funding round. The funds will help enhance its hospital information system, expand AI-driven innovations, and accelerate the digitisation of hospitals across Europe.
Germitec SAS, €29M in Series B
Location: Ivry-sur-seine, France
Founded in: 2005
Total funding received: €40M
Recent funding resources: Turenne Capital, Kurma Partners, Eurazeo, Arbevel
French healthcare startup Germitec SAS, which designs and commercializes UV-C disinfection systems for hospital hygiene, has secured €29 million in a Series B funding round to accelerate its US market expansion, scale operations, drive commercial adoption, and invest in research and development to expand its UV-C High-Level Disinfection product portfolio.
Unique, €28M in Series A
Location: Zurich, Switzerland
Founded in: 2021
Total funding received: €50.3M
Recent funding resources: VI Partners, Pictet Private Equity Investors S.A., DN Capital, CommerzVentures
Zurich-based Unique, a client intelligence platform for the financial industry specializing in CRM automation, call analytics, and FinanceGPT solutions, has secured €28 million in a Series A round to accelerate product development and drive global expansion, particularly in the United States.
EG 427, €27M in Series B
Location: Paris, France
Founded in: 2019
Total funding received: €44M
Recent funding resources: SCI Ventures, Bpifrance, Andera Partners
Paris-based EG 427, a biotechnology company pioneering pinpoint gene therapy, has secured €27 million in a Series B funding round to advance clinical trials of EG110A, expand its genetic medicine pipeline, and enhance its HERMES vector technology platform.
LANCH, €26M in Series A
Location: Berlin, Germany
Founded in: 2022
Total funding received: €35M
Recent funding resources: HV Capital, Felix Capital
Berlin-based LANCH, a virtual kitchen and food delivery service, has raised €26 million in a Series A funding round. The fresh funds will be used to scale its food brands and expand its Growth OS platform.
Stockly, €26M
Location: Paris, France
Founded in: 2017
Total funding received: €43.1M
Recent funding resources: Square Capital, Eurazeo, Daphni, Anyma Capital, 83North
French startup Stockly, which helps e-commerce websites continue selling out-of-stock products by accessing inventory from other merchants, has raised €26 million to expand its global inventory solutions.
Libeen, €25M
Location: Madrid, Spain
Founded in: 2019
Total funding received: €28M
Recent funding resources: MyInvestor, Cusp Capital, Actyus, and business angels
Libeen offers “a smart housing model” designed to make homeownership more accessible for younger generations. The startup will use the raised capital to expand nationally, integrate AI-driven technology, acquire strategic assets, and help over 130 families secure housing.
IONATE, €15.9M in Series A
Location: London, the UK
Founded in: 2019
Total funding received: €20M
Recent funding resources: Zero Carbon Capital, Santander CIB, JGC Mirai Innovation Fund, IQT, IQ Capital, Cycle Group, Antares Ventures, AlbionVC
London-based energytech startup IONATE has raised €15.9 million in a Series A funding round to speed up the commercialization of its Hybrid Intelligent Transformers (HIT) and Aurora Platform.
ACCURE Battery Intelligence, €14.9M in Series B
Location: Aachen, Germany
Founded in: 2020
Total funding received: €32.2M
Recent funding resources: Riverstone Holdings, Incharge Capital Partners, HSBC Asset Management, Capnamic Ventures, Blue Bear Capital, 42CAP
German AI-driven battery analytics startup ACCURE Battery Intelligence has raised €14.9 million in a Series B funding round to expand its battery safety and performance solutions worldwide.
METYCLE, €14.1M in Series A
Location: Cologne, Germany
Founded in: 2022
Total funding received: €20.3M
Recent funding resources: Project A Ventures, Partech, Market One Capital, DFF Ventures, 2150
Cologne-based startup METYCLE, which is building a B2B trading platform to accelerate the international trade of secondary metals, has secured €14.1 million in a Series A funding round. The fresh capital will enable the startup to further develop its data, software, and AI backbone for the metal recycling industry.
Flanks, €14M in Series B
Location: Barcelona, Spain
Founded in: 2018
Total funding received: €23.9M
Recent funding resources: Motive Ventures, JME Ventures, Earlybird Venture Capital, Battery Ventures, 4Founders Capital
Barcelona-based Flanks simplifies wealth management for financial institutions by streamlining portfolio management tasks. In February, the firm raised €14 million in a Series B round to enhance automation and data-driven tools, enabling advisors to offer personalized services to a larger number of investors.
Lovable, €14M in a seed round
Location: Stockholm, Sweden
Founded in: 2023
Total funding received: €21.4M
Recent funding resources: Creandum, and business angels Thomas Wolf, Charlie Songhurst, and Adam D’Angelo
Swedish-based Lovable, an AI-powered platform enabling users to build applications without extensive coding skills, has raised €14 million in a seed funding round to enhance its platform, accelerate innovation, expand its team, and scale infrastructure to meet growing demand.
Plain., €14M in Series A
Location: London, the UK
Founded in: 2020
Total funding received: €19.9M
Recent funding resources: Index Ventures, Connect Ventures, Battery Ventures
London-based startup Plain., a B2B customer support platform, has raised €14 million in Series A funding. The company will use the fresh funds to further develop its API-first platform, invest in customer retention, and establish its first US office in San Francisco.
comstruct, €12.5M in a seed round
Location: Munich, Germany
Founded in: 2022
Total funding received: €13.7M
Recent funding resources: The Twenty Minute VC, Puzzle Ventures, Google Ventures, BOOOM
Munich-based Comstruct, which is developing a platform to enable construction companies to digitize and automate material purchasing, has raised €12.5 million in a seed round to accelerate its European expansion and enhance its technology.
Phase, €12.1M
Location: Berlin, Germany
Founded in: 2017
Total funding received: €13.2M
Recent funding resources: WI Harper Group, SquareOne Venture Capital, Shilling, Palm Drive Capital, New Economy Ventures, Gobi Partners, 500 Global, 42CAP
Berlin-based Phase provides a no-code UI/UX prototyping platform and will use its €12.1 million funding to expand operations and business reach.
Nodes & Links, €11.2M in Series B
Location: London, the UK
Founded in: 2018
Total funding received: €23.4M
Recent funding resources: Uncorrelated Ventures, SFC Capital, ETF Partners
London-based startup Nodes & Links, which helps organizations manage project complexity, has raised €11.2 million in a Series B round. The funding will support global expansion, AI enhancements, and a stronger presence in infrastructure and data centers.
MAVOCO, €11M in Series A
Location: Eisenstadt, Austria
Founded in: 2014
Total funding received: €18.1M
Recent funding resources: red-stars.com, 3TS Capital Partners
Austria-based MAVOCO, a provider of connectivity management and subscription billing software for the telecom industry and beyond, has raised €11 million in Series A funding. The new capital will be used to accelerate global growth, enhance its Connectivity Management Platform, and expand its presence in the telecom sector.
Cafler, €10.3M in Series A
Location: Barcelona, Spain
Founded in: 2021
Total funding received: €24.4M
Recent funding resources: WIND Ventures, Wayra, Shilling, Seaya, Plug and Play, güil Mobility Ventures, Alumni Ventures
Barcelona-based car service platform Cafler has raised €10.3 million in Series A, bringing its total funding to €24.4 million. The investment will support service expansion, the launch of financial services, ad-tech features, and parts sales as the company continues its global growth across Europe, Latin America, and the US.
Imperia, €10M in Series A
Location: Valencia, Spain
Founded in: 2019
Total funding received: €13.3M
Recent funding resources: Samaipata, Draper B1, Burda Principal Investments, Acurio Ventures
Spanish software startup Imperia, focused on demand planning and forecasting optimization, secured €10 million in Series A funding round in February to enhance its AI capabilities, optimize costs, and expand its teams and operations across Europe.
Magdrive, €9.8M in seed round
Location: Harwell, the UK
Founded in: 2019
Total funding received: €13.3M
Recent funding resources: redalpine, Outsized Ventures, Founders Fund, Entrepreneur First, Balerion Space Ventures, Alumni Ventures, 7percent Ventures
UK-based startup Magdrive develops next-generation spacecraft propulsion technology to improve maneuverability and efficiency for satellites and deep space missions. Recently, the firm secured €10 million in a seed funding round to manufacture commercial products, continue R&D, hire talent, and establish a US subsidiary.
Stacks, €9.5M in seed round
Location: Amsterdam, The Netherlands
Founded in: 2024
Total funding received: €9.5M
Recent funding resources: Travis Foxhall, Simone Rüschenberg, s16vc, Mike Taylor, General Catalyst, EQT Ventures
Amsterdam-based fintech Stacks, an AI-powered financial close platform for mid-to-large enterprises, has raised €9.5 million in a seed round to enhance its AI platform, automate additional financial workflows, expand ERP integrations, and support hiring, global expansion, and the refinement of its one-click financial close vision.
Akamas, €9.3M in seed round
Location: Milan, Italy
Founded in: 2019
Total funding received: €9.3M
Recent funding resources: United Ventures
Milan-based AI-driven cloud optimization startup Akamas has secured €9.3 million in a seed round to expand into the US market, establish its first office in Boston, grow its team, and accelerate product development.
Arsenale Bioyards, €9.3M in a seed round
Location: Milan, Italy
Founded in: 2023
Total funding received: €9.3M
Recent funding resources: Plug and Play, Planet A Ventures, Grey Silo Ventures, CDP Venture Capital, byFounders, Acequia Capital (AceCap)
Milan-based neo-industrial company Arsenale Bioyards, which develops an end-to-end platform for biomanufacturing, has secured €9.3 million in seed funding to scale its infrastructure, expand commercialization in food and cosmetics, and enhance its AI-driven precision fermentation platform.
Prior Labs, €9M in a pre-seed round
Location: Berlin, Germany
Founded in: 2024
Total funding received: €9M
Recent funding resources: XTX Ventures, Thomas Wolf, Steve Anavi, Robin Rombach, Peter Sarlin, Mandeep Singh, Hector Foundation, Guy Podjarny, Galion.exe, Edward Grefenstette
Berlin-based startup Prior Labs, specializing in foundation models for spreadsheets and databases, has raised €9 million in a pre-seed round to advance product development, expand its team, and accelerate the adoption of its AI technology for tabular data analysis.
REEV, €8.6M in a seed round
Location: Toulouse, France
Founded in: 2021
Total funding received: €11.9M
Recent funding resources: Scala Patrimoine, Raphaël Varane, Polytechnique Ventures, Newfund, IRDI, Herve Silbert
Toulouse-based REEV is revolutionizing mobility care for millions with walking disorders through advanced wearable robotics and AI. The company has secured €8.6 million in seed funding to finalize the DREEVEN design, conduct clinical studies, prepare for FDA trials, and further enhance its REEV SENSE technology.
Level Zero Health, €6.6M in a pre-seed round
Location: London, the UK
Founded in: 2023
Total funding received: €6.6M
Recent funding resources: Unruly Capital, Transpose Platform, Springbank Collective, Samos, redalpine, Joshua Klein, HAX, Exceptional Ventures, Entrepreneur First, Digital Therapeutics Alliance, Charlie Bryant, Black Jays, Anorak Ventures, Aaron K. Styer
London-based biotech startup Level Zero Health, specializing in cutting-edge biosensor technology, has raised €6.6 million in a pre-seed round to enhance its wearable hormone monitoring technology, complete clinical trials, seek FDA and CE approval, and develop a continuous monitoring device for release in 2028.
Ignota Labs, €6.4M in a seed round
Location: London, the UK
Founded in: 2021
Total funding received: €6.5M
Recent funding resources: Montage Ventures, Modi Ventures, Gaingels, Blue Wire Capital, AIX Ventures
London-based Ignota Labs, an AI-driven drug turnaround company, has secured €6.4 million in seed funding to expand its pipeline by acquiring more distressed assets and advancing its first asset, a PDE9A inhibitor, into early-stage trials.
SAEKI, €6.2M in a seed round
Location: Zurich, Switzerland
Founded in: 2022
Total funding received: €8.5M
Recent funding resources: Lightbird, Founderful, DANOBATGROUP, 2100 Ventures
Swiss startup SAEKI, specializing in large-scale additive manufacturing of complex parts, has raised €6.2 million in a seed funding round to develop autonomous factories, scale automation, and enhance AI-driven robotics for more efficient production.
Renew Risk, €5.9M
Location: London, the UK
Founded in: 2023
Total funding received: €7.9M
Recent funding resources: Molten Ventures, Lloyd's, Insurtech Gateway
London-based startup Renew Risk, which develops a renewable energy asset management platform, has secured €5.9 million in funding to enhance its proprietary risk models, expand its team of modellers and climate experts, and extend its global reach.
Modern Synthesis, €5.1M in seed round
Location: London, the UK
Founded in: 2019
Total funding received: €8.9M
Recent funding resources: Extantia Capital, Collaborative Fund, Artesian VC
London-based Modern Synthesis, which develops eco-friendly materials from bacteria for fashion and other applications, has raised €5.1 million in a seed round to bring its biobased materials to market and expand its workforce.
Safe Intelligence, €5.1M in a seed round
Location: London, the UK
Founded in: 2022
Total funding received: €5.1M
Recent funding resources: Vsquared Ventures, OTB Ventures, Amadeus Capital Partners
London-based Safe Intelligence, specializing in deep validation AI systems to improve the reliability of AI models, secured €5.1 million in seed funding in February to advance its AI validation technology.
ExoLab Italia, €5M in Series B
Location: L'aquila, Italy
Founded in: 2020
Total funding received: €5.5M
Recent funding resources: Riello Investimenti Partners, Maia Ventures, DSM-Firmenich Venturing, CDP Venture Capital
L'Aquila-based biotech startup ExoLab Italia, specializing in plant-derived exosome technologies, raised €5 million in Series A funding in February to expand production with a new 1,000 m² lab, support international growth, and create 20 new jobs.
octonomy, €5M in a pre-seed round
Location: Cologne, Germany
Founded in: 2024
Total funding received: €5M
Recent funding resources: Capnamic Ventures
Cologne-based AI startup Octonomy has raised €5 million in a pre-seed round to scale its AI-powered support service automation platform. The funds will be used for international expansion and further technology development to improve automation and efficiency in customer support.
Fuse Vectors, €4.8M in a pre-seed round
Location: Copenhagen, Denmark
Founded in: 2022
Total funding received: €6.7M
Recent funding resources: HCVC, Export and Investment Fund, BioInnovation Institute
Fuse Vectors develops advanced technology for creating AAV viral vectors used in gene therapy. The startup will use the recent funding to refine and scale its cell-free AAV technology, expand collaborations with pharma and biotech partners, and advance its pipeline of gene therapies.
ETFbook, €4M in Series A
Location: Zurich, Switzerland
Founded in: 2019
Total funding received: €4M
Recent funding resources: BlackFin Capital Partners
Swiss startup ETFbook, an information and analytics platform for ETFs, has raised €4 million in a Series A round to enhance its platform capabilities and expand data coverage.
Floy, €3.6M in seed round
Location: Munich, Germany
Founded in: 2021
Total funding received: €12.4M
Recent funding resources: xdeck, Saarbruecker 21, HV Capital, Acurio Ventures, 10x Founders
Munich-based healthcare startup Floy, which is developing AI to assist radiologists in detecting hard-to-spot diseases, has secured €3.6 million in a seed round to further advance its technology.
muffintech, €3.5M in a seed round
Location: Berlin, Germany
Founded in: 2021
Total funding received: €4.3M
Recent funding resources: Torsten Oletzky, Techstars, Stefan Liebig, Oliver Brüß, Hava Misimi, ff Venture Capital, Daniel Feyler, Bastian Kunkel, Alsterspree
Berlin-based startup muffintech, which uses conversational AI to enhance customer interactions and improve operational efficiency in the insurance industry, has secured €3.5 million in a seed round. The company will use the funds to accelerate its growth and further develop its AI tool.
Mantle8, €3.4M in a seed round
Location: Sassenage, France
Founded in: 2024
Total funding received: €3.4M
Recent funding resources: Breakthrough Energy Ventures, Kiko Ventures
French climatetech startup Mantle8, specializing in natural hydrogen exploration, has raised €3.4 million in a seed round to run a pilot project for imaging and quantifying underground hydrogen systems, scale its technology, and expand its team with AI and geochemistry experts.
Dealcar, €3M in a seed round
Location: Barcelona, Spain
Founded in: 2023
Total funding received: €3.6M
Recent funding resources: Toubkal Partners, Itnig, Entourage, Demium Capital, Carles Marcos i Guàrdia, Bynd Venture Capital, Alexandre Guinefolleau, 4Founders Capital
Spanish startup Dealcar creates technology that enables fully digital used car transactions for dealers. The firm has recently raised €3 million in a seed funding round to accelerate its expansion into key European markets like France, Italy, and Germany, and to boost the adoption of its all-in-one payment solution.
Videobot, €2.8M
Location: Helsinki, Finland
Founded in: 2022
Total funding received: €4.8M
Recent funding resources: Superhero Capital, Volta Ventures, Expon Capital
Videobot develops a Video Experience Platform that enhances engagement, boosts conversions, and provides valuable customer insights. The fresh capital raised will help the startup accelerate product development, expand its market presence, and enhance its product.
Bluebook, €2.6M in a pre-seed round
Location: Stockholm, Sweden
Founded in: 2024
Total funding received: €2.6M
Recent funding resources: Y Combinator, Laura Modiano, Huey Lin, EQT Ventures, Carles Reina
Swedish-based startup Bluebook, which builds AI agents to automate accounting tasks and enhance advisory services for firms, has secured €2.6 million in a pre-seed round to improve its AI platform, boost efficiency, and expand operations in the Nordics and Europe.
Ekstere, €2.4M
Location: Paris, France
Founded in: 2019
Total funding received: €2.4M
Recent funding resources: Seventure Partners
Paris-based startup Ekstere, which facilitates the sale and purchase of verified-quality used bicycles at affordable prices, has raised €2.4 million in funding to enhance its digital platform, expand its network of workshops, and develop innovative solutions for sustainable mobility.
Bourn, €1.8M in a seed round
Location: London, the UK
Founded in: 2024
Total funding received: €1.8M
Recent funding resources: Portfolio Ventures, Love Ventures, Haatch, Aperture.co
London-based Bourn, an AI-powered Flexible Trade Account integrating Open Banking and accounting software, has secured €1.8 million in seed funding to enhance its product, expand market reach, and strengthen integrations with banks and accounting platforms for SME financing.
FocalX, €1.8M in seed round
Location: Copenhagen, Denmark
Founded in: 2021
Total funding received: €1.8M
Recent funding resources: Tony Beltramelli, Ioannis Sintos, Henrik Haugbølle, Florian van Schreven, Christian Brink Frederiksen, byFounders
Danish startup Focalx, specializing in AI-driven vehicle inspection technology for the automotive industry, has raised €1.8 million in a seed funding round. The funds will be used to further enhance its damage assessment technology, expand into new markets, and broaden its applications across the automotive sector.
