CEE VC SUMMIT 2025

25th of March 8:00 am CET

February 6, 2025·16 min read

Konrad Koncerewicz & Joy Laoun

Vestbee

Top European funding rounds closed in January 2025

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 January, providing details on each deal. Below is a list of startups from a broad European region that received funds during January.  

Neko Health, €250M in Series B

Location: Stockholm, Sweden
Founded in: 2018
Total funding received: €314.9M
Recent funding resources: O.G. Venture Partners, Lightspeed Venture Partners, Lakestar, General Catalyst, Atomico

Swedish healthtech startup Neko Health, which develops advanced non-invasive medical scanning technology for affordable and preventive health diagnostics, has raised €251.8 million in Series B to expand across Europe and the US, scale scanning capacity, and advance R&D for breakthrough health innovations.

TravelPerk, €192M in Series E

Location: Barcelona, Spain
Founded in: 2015
Total funding received: €842.5M
Recent funding resources: SoftBank Vision Fund, Sequoia Capital, Noteus Partners, Kinnevik, General Catalyst, EQT Ventures, Blackstone Group, Atomico

Barcelona-based TravelPerk, an all-in-one platform for managing business travel, has raised €194.9 million in Series E funding. The investment will fuel the startup's expansion into the US, support product development and AI initiatives, and enhance its travel and expense management platform by acquiring Yokoy.

Synthesia, €172.8M in Series D

Location: London, the UK
Founded in: 2017
Total funding received: €326.1M
Recent funding resources: WiL (World Innovation Lab), PSP Growth, New Enterprise Associates, MMC Ventures, Kleiner Perkins, Google Ventures, FirstMark, Atlassian Ventures, Accel

London-based Synthesia, which creates AI-generated videos from text using customizable avatars, has secured €174.3 million in a Series D funding round to enhance its AI video platform, develop interactive and personalized video experiences, and scale its global operations.

Orbis Medicines, €90M in Series A

Location: Copenhagen, Denmark
Founded in: 2021
Total funding received: €116M
Recent funding resources: Novo Holdings, New Enterprise Associates, Forbion Capital Partners, Export and Investment Fund, Eli Lilly, Cormorant Asset Management

Danish startup Orbis Medicines, focused on developing oral macrocycle drug candidates optimized for bioavailability, secured €90 million in Series A funding to advance its pipeline of next-gen oral macrocycle drugs, known as 'nCycles'.

Rhygaze, €82.5M in Series A

Location: Basel, Switzerland
Founded in: 2024
Total funding received: €93.5M
Recent funding resources: Novartis Venture Fund, Google Ventures, F-Prime Capital, BioGeneration Ventures, ARCH Venture Partners

Swiss startup RhyGaze, developing a novel gene therapy to restore vision in patients with blindness-causing diseases, has secured $86 million in Series A funding. The capital will support pharmacology testing, clinical endpoint assessment, and a first-in-human trial for its optogenetic therapy.

Vertice, €48M in Series C

Location: London, the UK
Founded in: 2021
Total funding received: €98.4M
Recent funding resources: Perpetual Investors, Lakestar, CF Private Equity, Bessemer Venture Partners, 83North 

London-based startup Vertice offers a tech-enabled SaaS purchasing solution that uses automation and machine learning to optimize and reduce software expenses. In January, the company raised €48.7 million in Series C funding to expand globally, grow its engineering team, and launch new features.

Quibim, €48M in Series A

Location: Valencia, Spain
Founded in: 2012
Total funding received: €67.4M
Recent funding resources: UI Investissement, Partech, Leadwind, Jonathan Milner, GoHub Ventures, Build Collective, Buenavista Equity Partners, Asabys Partners, APEX Ventures, Amadeus Capital Partners, Adara Ventures

Spanish startup Quibim develops AI-powered medical imaging analysis tools for disease detection and treatment monitoring. Recently, the firm secured €48.4 million in a Series A funding round to expand its AI imaging solutions, enhance digital twin technology, and accelerate global growth, particularly in the US.

H2SITE, €36M in Series B

Location: Galicia, Spain
Founded in: 2019
Total funding received: €48.5M
Recent funding resources: Suma Capital, MassMutual Ventures, Hy24, Ezten Venture Capital Fund, Exergon, Equinor Ventures, Enagas Emprende, Breakthrough Energy Ventures

Galicia-based H2SITE, which specializes in hydrogen separation technology, raised €36 million in Series B funding to expand its technology, expand production, and develop large-scale ammonia cracking and hydrogen production projects.

BeZero Carbon, €31M in Series C

Location: London, the UK
Founded in: 2020
Total funding received: €101M
Recent funding resources: Translink Capital, Quantum Energy Partners, QIMA, Molten Ventures, Japan Airlines Innovation Fund, Intercontinental Exchange, Illuminate Financial, Hitachi Ventures, GenZero, EDF Pulse Ventures

London-based BeZero Carbon, a carbon ratings agency providing organizations with data-driven insights for climate and investment decisions, has raised €31 million in a Series C funding round to expand its rating coverage into new markets and enhance its AI capabilities.

Deciphex, €31M in Series C

Location: Dublin, Ireland
Founded in: 2017
Total funding received: €65.2M
Recent funding resources: Seroba Life Sciences, NextSteps Capital, Molten Ventures, MedTech Syndicates, Irrus Investments, Charles River Laboratories International, Act Venture Capital

Irish-based Deciphex, which uses AI to enhance medical diagnostics and accelerate drug development, has raised €31 million in a Series C funding round to support global expansion, strengthen industry partnerships, and enhance clinical research capabilities.

Grand Games, €29M in Series A

Location: Istanbul, Turkey 
Founded in: 2024
Total funding received: €31.9M
Recent funding resources: Balderton Capital, Bek Ventures, Laton Ventures, Mert Gür

Istanbul-based mobile app developer Grand Games creates genre-defining games enjoyed by millions worldwide. The company will utilize the €29 million in Series A funding to develop new mobile games and expand its game portfolio.

Owlstone Medical, €26.1M in Series E

Location: Cambridge, the UK
Founded in: 2004
Total funding received: €161.2M
Recent funding resources: Ventura Capital, Horizons Ventures, Aviva Ventures

Cambridge-based startup Owlstone Medical, which develops non-invasive breath tests for early disease detection, has secured €26.1 million in its Series E funding round to accelerate the commercialization of its Breath Biopsy platform and support ongoing clinical trials.

Sereact, €25M in Series A

Location: Stuttgart, Germany
Founded in: 2021
Total funding received: €30M
Recent funding resources: Torsten Reil, Rubin Ritter, Point Nine, Ricardo Sequerra Amram, Ott Kaukver, Niklas Köhler, Nico Rosberg, Mehdi Ghissassi, Lars Nordwall, Creandum, Air Street Capital

German robotics startup Sereact, which develops AI-powered solutions for intelligent warehouse automation, has secured €25 million in Series A funding to advance R&D for new robotic platforms, enhance AI capabilities for complex tasks, and expand its US presence through strategic partnerships and team growth. 

NatureMetrics, €24.2M in Series B

Location: Guildford, the UK
Founded in: 2014
Total funding received: €47.6M
Recent funding resources: Swen Capital Partners, ReOcean Fund, Just Climate, EDF Pulse Croissance, BNP Paribas, Ananda Impact Ventures, 2150

UK-based environmental consulting firm NatureMetrics, which turns complex nature data into actionable insights using eDNA, has raised €24.2 million in Series B funding to enhance its AI-driven biodiversity monitoring, expand eDNA technology, and scale globally.

Apheris, €20M in Series A

Location: Berlin, Germany
Founded in: 2019
Total funding received: €31.2M
Recent funding resources: OTB Ventures, Octopus Ventures, Heal Capital, eCapital

Berlin-based Apheris, a federated computing company specializing in secure data sharing, has raised €20 million in Series A funding to expand its platform, boost AI/ML capabilities, and solidify its leadership in life sciences data networks.

iPronics, €20M in Series A

Location: Valencia, Spain
Founded in: 2019
Total funding received: €23.7M
Recent funding resources: Triatomic Capital, Fine Structure Venture, Criteria Venture Tech, Bosch Ventures, Amadeus Capital Partners

Valencia-based iPronics develops general-purpose programmable photonic systems and has secured €20 million in Series A funding to accelerate the deployment of its Optical Networking Engine (ONE) in AI data centers, enabling high-bandwidth, energy-efficient communication.

Vertical Compute, €20M in a seed round

Location: Louvain-la-Neuve, Belgium
Founded in: 2025
Total funding received: €20M
Recent funding resources: XAnge, VCT Vector Gestion, imec.Xpand, imec, Eurazeo

Belgium-based startup Vertical Compute, which offers chiplet-based technology to reduce data movement and achieve up to 80% energy savings, recently raised €20 million in a seed round to develop its vertical memory and compute technology and drive commercialization.

nsave, €17.4M in Series A

Location: London, the UK
Founded in: 2022
Total funding received: €21.3M
Recent funding resources: Y Combinator, TQ Ventures, Sequoia Capital, Proton, ACE Ventures

London-based fintech startup nsave, which offers compliant accounts abroad to people from high-inflation countries, has raised €17.4 million in Series A funding to accelerate growth, expand its investment offerings, and enhance its platform.

ecoplanet, €16M in Series A

Location: Munich, Germany
Founded in: 2022
Total funding received: €18.6M
Recent funding resources: HV Capital, EQT Ventures

German startup Ecoplanet, which develops an AI-powered energy management platform for industrial enterprises, has raised €16 million in Series A funding to scale its software and expand across Europe.

Oxyle, €15.3M in a seed round

Location: Zurich, Switzerland
Founded in: 2020
Total funding received: €21.7M
Recent funding resources: SOSV, Founderful, Axeleo Capital, 360 Capital

Zurich-based cleantech startup Oxyle has raised €15.3 million in seed funding to scale its PFAS destruction technology, expand commercial deployments, and grow its team and market presence.

Project Eaden, €15M in Series A

Location: Berlin, Germany
Founded in: 2022
Total funding received: €25.1M
Recent funding resources: Rewe Group, Planet A Ventures, Happiness Capital, FoodLabs, DeepTech & Climate Fonds, Creandum, BayWa Venture

Berlin-based foodtech firm Project Eaden, which develops and licenses technologies for sustainable food and meat alternatives, has raised €15 million in a Series A funding round. The investment will support the launch of its plant-based ham in Europe, scale production, and expand R&D for whole-cut meats.

Green Fusion, €12M in Series A

Location: Berlin, Germany
Founded in: 2021
Total funding received: €14.9M
Recent funding resources: XAnge, Vireo Ventures, Übermorgen Ventures, Kopa Ventures, HV Capital, Brandenburg Kapital, BitStone Capital

German energy management firm Green Fusion, which develops a cloud-based platform for optimizing heat, electricity, and e-mobility, has raised €12 million in Series A funding, bringing its total to €14.9 million. The funds will support scaling installations, boosting sales and support, advancing product development, and expanding across Europe.

OxCan, €10.7M in Series A

Location: Oxford, the UK
Founded in: 2018
Total funding received: €15.9M
Recent funding resources: We Venture Capital, OKG Capital, Macmillan Cancer Support, Eka Ventures, DigitalDx Ventures, Cross-Border Impact Ventures, Civilization Ventures, Aurelium Ventures

Oxford's biotech startup OxCan, which uses machine learning and liquid biopsy to detect early lung cancer, has raised €10.7 million in Series A funding to deploy its test, expand its team, and strengthen global partnerships to enhance patient outcomes.

OCELL, €10M in Series A

Location: Munich, Germany
Founded in: 2019
Total funding received: €14.9M
Recent funding resources: Capnamic, Bayern Kapital, AENU, Summiteer, Max Viessmann

Munich-based climate tech startup OCELL, which creates digital twin technologies for sustainable forest management and carbon sequestration, has raised €10 million in Series A funding to enhance its AI platform, expand climate projects across Europe, develop an impact tracking platform, and scale its software to manage larger forest areas for increased carbon sequestration.

Hyperline, €9.4M in a seed round

Location: Paris, France
Founded in: 2022
Total funding received: €13.4M
Recent funding resources: Index Ventures, Adelie Capital

Hyperline develops a flexible, end-to-end billing and revenue management platform tailored to streamline financial operations for software businesses. The startup plans to use the recent funding to scale distribution, meet growing demand, and enhance its platform, helping businesses efficiently manage their revenue process and drive growth.

Beams, €8.6M in Series A

Location: London, the UK
Founded in: 2022
Total funding received: €8.6M
Recent funding resources: Giant Ventures, Firstminute Capital, ETF Partners, Borusan Ventures

London-based Beams, a home renovation marketplace that connects homeowners with builders and promotes sustainability, has raised €8.6 million in a Series A round. The capital will be used to accelerate product development and expand operations across the UK and Europe.

ENAPI, €7.5M in seed round

Location: Berlin, Germany
Founded in: 2024
Total funding received: €10M
Recent funding resources: Voyager Ventures, Seedcamp, Project A Ventures, Hello World

Berlin-based ENAPI, which connects Charge Point Operators and stakeholders in the EV charging industry to facilitate transactions, has raised €7.5 million in a seed round to enhance its software, expand in Europe and the US, and grow its tech team.

Dataships, €6.8M in Series A

Location: Dublin, Ireland
Founded in: 2019
Total funding received: €9.9M
Recent funding resources: Osage Venture Partners, Lavrock Ventures, Urban Innovation Fund

Dataships offers a data privacy platform that helps e-commerce businesses navigate and optimize GDPR and CCPA compliance, particularly at the checkout. The startup will use the Series A funding to enhance product features, expand its e-commerce solution, and scale its engineering and support teams.

Matchory, €6M in a seed-extension round

Location: Ulm, Germany
Founded in: 2019
Total funding received: €7.6M
Recent funding resources: Capmont, Earlybird-X

Matchory offers a cloud-based supplier search engine that collects and processes global supplier data. The startup plans to use €6 million funding to support its international expansion and further enhance its SaaS solution by integrating new data sources and introducing additional features.

Wingbits, €5.3 in a seed round

Location: Stockholm, Sweden
Founded in: 2023
Total funding received: €8.7M
Recent funding resources: Borderless Capital, Spartan Group, Tribe Capital, Antler, SNZ, Bullish Capital, and Heartcore

Wingbits is a community-driven network that enhances aviation safety and efficiency through advanced flight tracking technology, primarily using Automatic Dependent Surveillance-Broadcast.The fresh funds will enable the startup to accelerate hardware deployment and expand its network into new regions.

Genesy AI, €5M in seed round

Location: Barcelona, Spain
Founded in: 2023
Total funding received: €5.5M
Recent funding resources: Samaipata, Kfund, Itnig

Barcelona-based Genesy, an AI-driven B2B lead generation and outreach automation platform designed to streamline the sales process, has raised €5 million in a seed funding round to expand into new markets, including the US, UK, Germany, Italy, France, and the Netherlands, while also growing its workforce to 40 employees.

SignPath, €5M in Series A

Location: Vienna, Austria
Founded in: 2017
Total funding received: €5M

Recent funding resources: TIIN Capital

SignPath develops automated code signing and integrity solutions to secure software supply chains. The startup plans to use the fresh capital to expand its platform, grow its workforce, accelerate European growth, and increase its customer base in the US.

Aslan, €4.8M in a seed round

Location: London, the UK
Founded in: 2022
Total funding received: €4.8M
Recent funding resources: Notion Capital

London-based Aslan, a platform offering customizable employee benefits, raised €4.8 million in seed funding to enhance features, increase user engagement, and expand its team for growth.

Output Sports, €4.6M in a seed round

Location: Dublin, Ireland
Founded in: 2017
Total funding received: €8.4M
Recent funding resources: Uni.Fund, Jim Kelliher, Enterprise Ireland, Elkstone Capital Partners, Dopamine Sports Ventures, Atlantic Bridge, APEX Capital

Irish startup Output Sports, which develops wearable technology using AI to analyze and optimize athletic performance, has secured €4.6 million in a seed funding round. The fresh capital will enable the startup to accelerate its U.S. expansion, grow its Boston office, and expand hiring across multiple departments.

Prosoma, €4.4M in a pre-seed round

Location: Berlin, Germany
Founded in: 2017
Total funding received: €10.1M
Recent funding resources: Verge HealthTech Fund, Smartlink Partners, Simpact Ventures, Impact Ventures Hungary, Convergence Partners

Berlin-based healthtech startup Prosoma, which develops AI-driven digital therapeutics for cancer patients, has secured €4.4 million in a pre-seed round. The funding will support its expansion in the DACH region, scaling its sales team, strengthening its US presence, and introducing new services such as nutrition and coaching beyond emotional support.

Oh, €4.3M in a seed round

Location: London, the UK
Founded in: 2022
Total funding received: €4.3M
Recent funding resources: Tangent, Kosmos Ventures, Tagus Capital, Big Brain Holdings, Bodhi Ventures

London-based startup Oh, which focuses on uncensored and decentralized AI infrastructure and products, has secured €4.3 million in seed funding to develop platforms, infrastructure, and AI agents tailored for the spicy content industry.

Zuriq, €4M in seed round

Location: Zurich, Switzerland
Founded in: 2024
Total funding received: €4M
Recent funding resources: SquareOne Venture Capital, QAI Ventures, Onsight Ventures, Founderful, First Momentum Ventures

Swiss company Zuriq, which provides scalable quantum computing hardware using trapped ions, has recently raised €4 million in seed funding to expand its operations and accelerate development.

LAIIER, €3.8M in a seed round

Location: London, the UK
Founded in: 2021
Total funding received: €3.8M
Recent funding resources: Virta Ventures, One Small Planet, Closed Loop Partners, Burnt Island Ventures, Bonaventure Capital, Alma Mundi Ventures

London-based B2B tech firm LAIIER creates smart solutions for early leak detection in commercial and industrial facilities using advanced sensors. In January, the company raised €3.8 million in a seed round to expand in North America and improve its leak detection technologies.

Graph Therapeutics, €3M in a pre-seed round

Location: Vienna, Austria
Founded in: 2024
Total funding received: €4.2M
Recent funding resources: Squareone, Merantix Capital, NAVEC Investment Management and angel investors

Graph Therapeutics develops an advanced lab-in-the-loop AI platform to transform drug discovery in inflammation and immunology. The startup plans to use the recent funding to advance its platform and expand its computational and biological scientists team. Initially, it will focus on sterile inflammation.

Sycai Technologies, €3M in Series A

Location: Barcelona, Spain
Founded in: 2020
Total funding received: €3.8M
Recent funding resources: Ship2B Ventures, Namarel Ventures, LUMO labs, Athos Capital

Barcelona-based healthtech startup Sycai Technologies, which offers AI-powered software for detecting and predicting cancer risk in abdominal lesions from CT and MRI scans, has raised €3 million. The funding will support the European launch of its CE-marked pancreas device, expand its product to include hepatic and renal lesions,  and fund FDA approval efforts in the US.

Brickken, €2.4M in a seed round

Location: Barcelona, Spain
Founded in: 2020
Total funding received: €5M
Recent funding resources: Psalion VC, SNZ Capital, Blue Bay Ventures, Mocha Ventures, Ergodic Capital, and Hodl

Brickken offers a SaaS platform that enables businesses to digitize and manage tokenized assets. The startup plans to use the €2.4 million funding for global expansion, launching advanced tools for institutional clients, including AI-powered features and no-code tokenization, while also focusing on strategic partnerships and regulatory compliance.

Hybird Energy, €2.4M in a seed round

Location: Copenhagen, Denmark
Founded in: 2023
Total funding received: €2.4M
Recent funding resources: BackingMinds, Transition, 2degrees, EIKON Capital, Notion Capital, Oliver Rye, Louise Krogh Rindom, Jeppe Rindom

Copenhagen-based startup Hybrid Energy, which develops AI-powered intelligent electrical panels, has raised €2.4 million to scale operations, enhance automation in its energy platform, and expand into water and heating controls for a comprehensive energy management solution across Europe.

Ver.iD, €2M in a seed round

Location: Amsterdam, the Netherlands
Founded in: 2022
Total funding received: €2M
Recent funding resources: Coinvest Capitel and business angels

Ver.iD is a SaaS platform that helps developers integrate decentralized identity solutions into their applications. Using €2 million funding, the startup plans to secure an additional €4 million to expand its presence in Europe and lead the integration of digital ID apps in compliance with eIDAS 2.0 regulations by 2026.

VitVio, €1.9M in a pre-seed round

Location: London, the UK
Founded in: 2023
Total funding received: €1.9M
Recent funding resources: LDV Capital, Bek Ventures, Tiny Supercomputer

London-based healthcare startup VitVio, which uses real-time AI and computer vision to optimize surgeries, has raised €1.9 million in pre-seed funding to enhance its platform, expand its technology at partner hospitals, and finalize partnerships with top hospitals in the US, UK, and Europe.

Behavix, €1.6M in a seed round

Location: Helsinki, Finland
Founded in: 2024
Total funding received: €1.6M
Recent funding resources: Superhero Capital

Finnish startup Behavix. uses AI-powered solutions to offer real-time, high-quality behavioral data insights through its Behavioral Data as a Service model and has recently secured €1.6 million in a seed funding round.

EBAMed, €1.6M in Series A

Location: Geneva, Switzerland
Founded in: 2018
Total funding received: €20.9M
Recent funding resources: CDP Venture Capital, European Union

Geneva-based startup EBAMed specializes in non-invasive, automated treatment of heart arrhythmias using ion beams. The company will use the additional €1.6 million from its Series A funding to advance its CardioKit system, with a focus on First-in-Human trials and further development of its proton therapy-based treatment for heart arrhythmias.

Soource, €1.5M in a pre-seed round

Location: Bolzano, Italy
Founded in: 2024
Total funding received:
Recent funding resources: Vento, Club degli Investitori, B Heroes, and business angels

Soource develops an AI-powered procurement that provides access to a vast global database of companies and automates the collection of supplier information using mass email exchanges, reducing the time, risk, and costs associated with procurement. The startup will use €1.5 million raised to refine its technology and scale operations.

FuelFWD, €1M in a seed round

Location: Rotterdam, the Netherlands
Founded in: 2022
Total funding received: €1M
Recent funding resources: Value Factory Ventures, Docklab Ventures, Port of Rotterdam 

FuelFWD provides digital solutions for the renewable fuels sector. Its AI-powered software automates compliance, replacing manual processes and reducing costs while minimizing non-compliance risks for producers and traders. FuelFWD will use the seed funds to enhance its software and scale operations in the renewable fuels market.


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