We have already presented interesting regional startups that closed funding rounds in January. Today, we are going to dive further into the European startup ecosystem and discover more funding rounds that took place in January, the first month of Q1 2022. This time, the E-commerce, AI, SaaS, Banking, Financial Services, Education, Healthcare, Robotics, Delivery Services, Design and Blockchain attracted investor's interests.
Now, let’s check out TOP January startup funding rounds in Europe!
Checkout.com
Location: London, UK
Launch date: 2012
Funding Round: Series D €890M
Funding Source: Altimeter, Blossom Capital, Coatue, Dragoneer Investment Group, DST Global, Endeavor Catalyst, Franklin Templeton Investments, GIC, Google, Insight Partners, Qatar Investment Authority, Ribbit Capital, Tiger Global Management
Total funding received: €1.6B
Founded in 2012, London-based Checkout is a global payments solution provider on a mission to enable businesses and their communities to thrive in the digital economy. This unicorn allows customers to seamlessly use various features they need, manage risk and fraud detection, and add new payment methods. The startup has secured an impressive series D round in the amount of €890M from world-famous investors like Altimeter, Blossom Capital, Coatue, Dragoneer Investment Group, DST Global, Endeavor Catalyst, Franklin Templeton Investments, GIC, Google, Insight Partners, Qatar Investment Authority, Ribbit Capital, Tiger Global Management. Recently secured round valued the company at $40B making Checkout one of the fintech segment’s most valuable startups.
Spendesk
Location: Paris, France
Launch date: 2016
Funding Round: Series C €100M
Funding Source: eFounders, Eight Roads Ventures, General Atlantic, Index Ventures, Tiger Global Management
Total funding received: €280M
French Spendesk, founded in 2016, is a spend management platform that helps companies control and manage their finances. Platform offers corporate cards, invoice payments, expense reimbursements, budgets and spending reports, compliance, and pre-accounting in one simple and scalable solution. Spendesk has recently secured a series C round in the amount of €100M from eFounders, Eight Roads Ventures, General Atlantic, Index Ventures, and Tiger Global Management, which made it the fifth French unicorn. These funds will be used for further product development and hiring new employees.
Pennylane
Location: Paris, France
Launch date: 2020
Funding Round: Series B €50M
Funding Source: Global Founders Capital, Partech, Sequoia Capital
Total funding received: €69M
Paris-based Pennylane, founded in 2020, is a full-stack financial management platform designed for small and medium-sized businesses. The platform supports companies with automating the process of collecting and managing invoices, facilitating sales and receipts, sending reminders and managing cash flow in real-time, which helps them make better business decisions. The startup has recently been supported by Global Founders Capital, Partech, and Sequoia Capital, the secured funds during series B round in the amount of €50M will be used for further expansion and product development.
Wandelbots
Location: Dresden, Germany
Launch date: 2017
Funding Round: Series C €74.7M
Funding Source: 83North, Atlantic Labs, EQT Ventures, Insight Partners, M12 - Microsoft's Venture Fund, Next47, Paua Ventures
Total funding received: €108M
Germany-based Wandelbots, is a startup that enables non-programmers to teach industrial robots faster and cheaper using smart clothing. Sensors on clothes help the Wandelbots software track human motion to control industrial robots. The process starts with operators who teach robots tasks by demonstrating them first, then the software generates automation workflows. The generated processes are self-adaptive, so they automatically work in dynamic environments including automatic anomaly detection, process adaptation and MES integration (Manufacturing Execution System). The startup secured series C round of €74.7M from 83North, Atlantic Labs, EQT Ventures, Insight Partners, M12 - Microsoft's Venture Fund, Next47, and Paua Ventures with plans to use these funds for building a strong developers community.
Lendis
Location: Berlin, Germany
Launch date: 2018
Funding Round: Series A €30M
Funding Source: Circularity Capital, coparion, DN Capital, HGDF, HV Capital, Keen Venture Partners, KPN Ventures, Picus Capital
Total funding received: €80M
Lendis is a German SaaS startup that offers its customers a solution for managing the equipment and software for employees in their hybrid work world. Apart from providing devices as a service solution, Lendis also takes care of office planning, delivery, assembly and insurance making it a full-service solution for a hybrid world. Recently secured funding in the amount of €30M during series A round from Circularity Capital, coparion, DN Capital, HGDF, HV Capital, Keen Venture Partners, KPN Ventures, and Picus Capital will be allocated to increasing tech and products teams.
PortalOne
Location: Oslo, Norway
Launch date: 2018
Funding Round: Series A €53.6M
Funding Source: Access Industries, Animoca Brands, Avenir Growth Capital, Coatue, Connect Ventures, Founders Fund, Nordstar, Rishi Garg, Rogue Venture Partners, SNÖ Ventures, Socii Capital, Talis Capital, Temasek Holdings, Tiger Global Management, TQ Ventures and business angels
Total funding received: €67M
Norwegian PortalOne is a gaming startup that works on a revolutionary way to play games by combining breathtaking visuals, enhanced interactivity and prizes with immersive live content to create an unforgettable experience for users on their mobile devices. Such an engaging experience transforms virtual wins into real-world rewards. The company has been recently supported by various investors among which are Access Industries, Animoca Brands, Avenir Growth Capital, Coatue, Connect Ventures, Founders Fund, Nordstar, Rishi Garg, Rogue Venture Partners, SNÖ Ventures, Socii Capital, Talis Capital, Temasek Holdings, Tiger Global Management, TQ Ventures and business angels. Secured funds in the series A round of €53.6M will be allocated to products development.
Zapp
Location: Kent, UK
Launch date: 2020
Funding Round: Series B €178M
Funding Source: 468 Capital, Atomico, BroadLight Capital, Burda Principal Investments, Lewis Hamilton, Lightspeed Venture Partners, Vorwerk Ventures
Total funding received: €267M
Founded in 2020, UK-based Zapp, is a delivery startup building the future of convenience with a full-stack approach to on-demand essentials and deliveries. The solution enables customers to order anything, anytime, day or night and get the delivery within minutes. Recently secured funds in the series B round of €178M from 468 Capital, Atomico, BroadLight Capital, Burda Principal Investments, Lewis Hamilton, Lightspeed Venture Partners, and Vorwerk Ventures will be used for strengthening its presence in its home market, and to expand into “mega cities”.
Cowboy
Location: Brussels, Belgium
Launch date: 2017
Funding Round: Series C €71M
Funding Source: aldeA Ventures, Eothen, Exor Seeds, Future Positive Capital, HCVC, Index Ventures, Isomer Capital, Siam Capital, Tiger Global Management, TriplePoint Capital
Total funding received: €113M
Belgian Cowboy, founded in 2017, is a designer and manufacturer of innovative electric bikes for urban riders with a goal to make cycling more accessible to everyone by electrifying bikes. Apart from e-bikes, the startup provides customers with an accompanying app to manage various services related to their bicycles like route planning, bike tracking, and diagnostics. Cowboy has recently secured a series C round in the amount of €71M from aldeA Ventures, Eothen, Exor Seeds, Future Positive Capital, HCVC, Index Ventures, Isomer Capital, Siam Capital, Tiger Global Management, and TriplePoint Capital, the raised funds will support the further development of the bikes’ functionning.
GoStudent
Location: Vienna, Austria
Launch date: 2016
Funding Round: Series D €300M
Funding Source: Coatue, Deutsche Telekom, Dragoneer Investment Group, Left Lane Capital, Prosus, SoftBank Vision Fund, Tencent
Total funding received: €610M
Austrian GoStudent is an edtech startup that provides a digital platform connecting students to teachers in a virtual learning environment with a mission to help students realize their full potential and to replace traditional, not very popular tutoring with innovative online learning. GoStudent has recently secured a €300M series D round from well-recognized investors like Coatue, Deutsche Telekom, Dragoneer Investment Group, Left Lane Capital, Prosus, SoftBank Vision Fund, and Tencent which gave the company a notional €3B valuation. Secured funding will be allocated to expanding activities into new international markets.
Resilience
Location: Paris, France
Launch date: 2021
Funding Round: Series A €40M
Funding Source: Cathay Innovation, Exor Seeds, Fondation Santé Service, MACSF, Picus Capital, Ramsay Generale De Sante, Seaya Ventures, Singular, Vivalto Santé
Total funding received: €45M
Paris-based Resilience, founded in 2021, is an app that supports cancer patients on their path to resilience. As loneliness is a serious problem among cancer patients, Resilience wants to support them through this rough time by providing helpful tips and guidance on topics such as fear and anxiety, as well as experts’ support by answering any questions that may arise during the cancer recovery process. The startup has recently closed a series A round of €40M from Cathay Innovation, Exor Seeds, Fondation Santé Service, MACSF, Picus Capital, Ramsay Generale De Sante, Seaya Ventures, Singular, and Vivalto Santé. Secured funds will be used for supporting further application development.
Qonto
Location: Paris, France
Launch date: 2016
Funding Round: Series D €486M
Funding Source: Alkeon Capital, Alven, DST Global, Eurazeo, European Investment Bank, Exor Seeds, Gaingels, Insight Partners, TCV, Tencent, Tiger Global Management, Valar Ventures, business angels
Total funding received: €626M
Founded in 2016, France-based Qonto is an online bank that provides financial tools for small and medium-sized businesses and freelancers with a goal to make business banking easy, efficient, and transparent. Recently secured series D round in the amount of €486M from Alkeon Capital, Alven, DST Global, Eurazeo, European Investment Bank, Exor Seeds, Gaingels, Insight Partners, TCV, Tencent, Tiger Global Management, Valar Ventures and business angels will be allocated to further expansion.
MAYD
Location: Berlin, Germany
Launch date: 2021
Funding Round: Series A €30M
Funding Source: 468 Capital, Earlybird Venture Capital, Lightspeed Venture Partners, Target Global
Total funding received: €43M
German MAYD, founded in 2021, is a telepharmacy platform providing healthcare-related goods in a convenient way by delivering them to the doorstep. MAYD has recently secured a series A round in the amount of €30M from 468 Capital, Earlybird Venture Capital, Lightspeed Venture Partners, and Target Global. Raised funds will be used for further platform development.
Addionics
Location: London, UK
Launch date: 2018
Funding Round: Series A €24M
Funding Source: 8090 Partners, Catalyst Fund, Deep Insight, Delek Motors, Doral Energy-Tech Ventures, Global IoT Technology Ventures, Inc., JX Nippon Mining and Metals Corporation, Magna Capital Partners, Magna International, Nextgear Ventures, Novelis, Talcar Corp., Union Tech Ventures, Vasuki Tech Fund, and business angels
Total funding received: €30M
UK-based Addionics, founded in 2020, is an energy company developing next-generation batteries through intelligent 3D battery architecture and engineering and therefore transforming the way of storing and delivering energy which has a positive impact on the environment. The startup has recently been supported by 8090 Partners, Catalyst Fund, Deep Insight, Delek Motors, Doral Energy-Tech Ventures, Global IoT Technology Ventures, Inc., JX Nippon Mining and Metals Corporation, Magna Capital Partners, Magna International, Nextgear Ventures, Novelis, Talcar Corp., Union Tech Ventures, Vasuki Tech Fund, and business angels. Secured funds during series A round in the amount of €24M will be allocated in scaling up the production.
Softr
Location: Berlin, Germany
Launch date: 2019
Funding Round: Series A €12M
Funding Source: Atlantic Labs, FirstMark, s16vc, Tiny VC, and business angels
Total funding received: €14M
Germany-based Softr, is a startup that provides a no-code platform to create custom apps and client portals and therefore a non-technical user can create customer portals, internal tools, dashboards, membership apps & resource directories within hours. The startup secured a series A round of €12M from Atlantic Labs, FirstMark, s16vc, Tiny VC, and business angels, while funds will be used for further platform development.
Laka
Location: London, UK
Launch date: 2017
Funding Round: Series A €10.6M
Funding Source: 1818 Venture Capital, ABN AMRO Ventures, Autotech Ventures, Creandum, Elkstone Capital Partners, Eric Min, LocalGlobe, Ponooc
Total funding received: €19M
Laka is a London-based insurance startup that provides a collective insurance cover made especially for cyclists to further support the green mobility trend and become the leading e-mobility insurtech offering. Recently secured funding in the amount of €10.6M during series A round from 1818 Venture Capital, ABN AMRO Ventures, Autotech Ventures, Creandum, Elkstone Capital Partners, Eric Min, LocalGlobe, Ponooc will be allocated to accelerating the expansion across Europe.
Banxware
Location: Berlin, Germany
Launch date: 2020
Funding Round: Seed €10M
Funding Source: D4 Ventures, Element Ventures, Fin Capital, Force Over Mass Capital, High-Tech Grunderfonds, Varengold Bank, VR Ventures, business angel
Total funding received: €14M
German Banxware is an embedded fintech solution that provides lending as a service solution to finance companies of any kind, and therefore help them grow their businesses. The startup has been recently supported by D4 Ventures, Element Ventures, Fin Capital, Force Over Mass Capital, High-Tech Grunderfonds, Varengold Bank, VR Ventures, and business angel, while secured funds will be allocated to enlarging team, supporting marketing activities and further development of offer.
Yogosha
Location: Paris, France
Launch date: 2015
Funding Round: Series A €10M
Funding Source: Axeleo Capital, BNP Paribas Développement, OneRagtime, Starquest Capital, Tikehau Capital, Wilco, Zenium Technology Partners(ZTP)
Total funding received: €13.2M
Founded in 2015, Paris-based Yogosha, is a cybersecurity startup that provides a crowdsourced platform enabling a win-win collaboration with the most talented hackers to detect and fix vulnerabilities on the most critical systems for every company. Secured funds in the amount of €10M from Axeleo Capital, BNP Paribas Développement, OneRagtime, Starquest Capital, Tikehau Capital, Wilco, Zenium Technology Partners(ZTP) will be used for further platform development.
Colizeum
Location: Zug, Switzerland
Launch date: 2021
Funding Round: Seed €7.5M
Funding Source: AU21 Capital, Axia8 Ventures, Basics Capital, CRT Capital Group, Deribit, DWeb3 Capital, Genblock Capital, Good Games Guild, LD Capital, Momentum 6, Pluto Digital, Profluent Capital, SevenX Ventures, Tokenomik Inc, TPS Capital, X21 Digital
Total funding received: €7.5M
Switzerland-based Colizeum, founded in 2021, is a blockchain-based mobile gaming esports ecosystem allowing mobile game developers to implement tokenized game modes and play-to-earn (P2E) mechanics. The startup has recently secured a seed round in the amount of €7.5M from AU21 Capital, Axia8 Ventures, Basics Capital, CRT Capital Group, Deribit, DWeb3 Capital, Genblock Capital, Good Games Guild, LD Capital, Momentum 6, Pluto Digital, Profluent Capital, SevenX Ventures, Tokenomik Inc, TPS Capital, and X21 Digital. Raised funds will support the further development of the ecosystem.
Cake App
Location: Hasselt, Belgium
Launch date: 2018
Funding Round: Seed €4.6M
Funding Source: Freshmen Fund, Sambrinvest, Seeder Fund, Truffle Capital
Total funding received: €4.6M
Belgian Cake App is a marketing platform that enables businesses to better understand current and potential customers and create a positive impression instantly, by financially rewarding (new) clients who shop at stores. The startup has recently secured a €4.6M seed round from Freshmen Fund, Sambrinvest, Seeder Fund and Truffle Capital and secured funding will be allocated to expanding activities into new international markets.
Ostrom
Location: Berlin, Germany
Launch date: 2020
Funding Round: Seed €4.4M
Funding Source: 468 Capital, Global Founders Capital, J12 Ventures, Übermorgen Ventures
Total funding received: €4.4M
German Ostrom, founded in 2020, is a green tech startup with a mission to disrupt the market to facilitate energy transitions that are much more user-friendly. Therefore Ostrom makes the process of switching to green energy accessible and affordable for everyone by building the energy service platform with a flexible monthly tariff, no lock-ins, and an all-digital experience. The startup has recently closed a seed round of €4.4M from 468 Capital, Global Founders Capital, J12 Ventures, and Übermorgen Ventures. Secured funds will be used for supporting further energy product portfolio development and scaling the operations.
MedAll
Location: Belfast, UK
Launch date: 2017
Funding Round: Seed €3M
Funding Source: Ascension Ventures, Connect Ventures, Nina Capital, Sarah Friar, Seedcamp, Techstart Ventures
Total funding received: €3B
Founded in 2017, Belfast-based MedAll is a training platform for healthcare professionals and med students providing them with live and on-demand healthcare courses, conferences, workshops, webinars and sessions. The startup has secured a seed round, in the amount of €3M from Ascension Ventures, Connect Ventures, Nina Capital, Sarah Friar, Seedcamp, and Techstart Ventures. The recently secured funding will be allocated to further platform development.
Flitter
Location: Paris, France
Launch date: 2021
Funding Round: Seed €2.5M
Funding Source: Global Founders Capital, Kima Ventures, and business angels
Total funding received: €2.5M
Paris-based Flitter, founded in 2021, is the new generation insurance for all mobility vehicles such as cars and soon also electric bikes and two-wheelers. Insurance is 100% digital and fully adapted to lifestyles of customers needs - that’s why the startup has introduced a pay per mile insurance, that is dedicated to small riders and occasional drivers to allow them to only pay when they drive. Flitter has recently secured a seed round in the amount of €2.5M from Global Founders Capital, Kima Ventures, and business angels and these funds will be used to support further startup development.
Bairro
Location: Lisbon, Portugal
Launch date: 2020
Funding Round: Seed €2.3M
Funding Source: Flyer One Ventures, Insta Ventures, Startup Lab, TMT Investments, Vershina Capital
Total funding received: €3.7M
Lisbon-based Bairro, founded in 2020, is an on-demand delivery startup that provides a mobile application allowing fast delivery (under 15 minutes) of supermarket products, food, and other essential goods. The startup has been supported by Flyer One Ventures, Insta Ventures, Startup Lab, TMT Investments, and Vershina Capital, the secured funds during a seed round in the amount of €2.3M will be allocated to supporting the further growth.
Pimloc
Location: London, UK
Launch date: 2016
Funding Round: Seed €6.6M
Funding Source: Amadeus Capital Partners, Speedinvest, Zetta Venture Partners
Total funding received: €8.3M
UK-based Pimloc, is a privacy startup that protects people’s privacy addressing the avalanche of video surveillance cameras by using visual AI, Secure Redact, which automatically blurs faces, heads, license plates and other sensitive data in a recording. The startup secured a seed round in the amount of €6.6M from Amadeus Capital Partners, Speedinvest, and Zetta Venture Partners that will be used for further tool development.
Vitt
Location: London, UK
Launch date: 2021
Funding Round: Pre-seed €13.3M
Funding Source: Better Tomorrow Ventures, Entrepreneur First, Phillip Chambers, Speedinvest, Village Global, Zayn Capital, and business angels
Total funding received: €13.3M
Vitt is a British revenue-based financing platform that provides SaaS companies the option of raising growth capital based on annual recurring revenue streams. What’s more, the approval or rejection decision is delivered in up to 24h which makes the process convenient and clear. Recently secured funding in the amount of €13.3M during pre-seed round from Better Tomorrow Ventures, Entrepreneur First, Phillip Chambers, Speedinvest, Village Global, Zayn Capital, and business angels will be allocated to expanding activities.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase
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