We have already presented interesting CEE startups that closed funding rounds in July. Today, we are going to dive further into the European startup ecosystem and discover more funding rounds that took place in July, the first month of Q3 2022. This time, the directions that attracted investors' interest were E-commerce, AI, and Financial Services.
Now, let’s check out the TOP 20 July startup funding rounds in Europe!
Klarna
Location: Stockholm, Sweden
Launch date: 2005
Funding Round: Venture Round €792M
Funding Source: Bestseller Group, Canada Pension Plan Investment Board, Commonwealth Bank of Australia, Mubadala, Sequoia Capital, Silver Lake, Vika Ventures
Total funding received: €4.5B
Klarna, founded in 2005, is a Swedish most recognizable fintech company working in a buy now pay later model. Fintech has recently secured a venture round in the amount of €792M from Bestseller Group, Canada Pension Plan Investment Board, Commonwealth Bank of Australia, Mubadala, Sequoia Capital, Silver Lake, and Vika Ventures. And the funding itself will primarily be used to expand Klarna’s leading market position in the United States.
Contentsquare
Location: Paris, France
Launch date: 2012
Funding Round: Series F €391M
Funding Source: BlackRock, Bpifrance, Canaan Partners, Eurazeo, Highland Europe, Kohlberg Kravis Roberts, LionTree, Sixth Street, SoftBank Vision Fund
Total funding received: €1.4B
Paris-based Contentsquare, founded in 2012, is a digital experience analytics platform that enables businesses to track online customer behavior using billions of anonymous web, mobile, and app interactions. The startup has recently secured a series F round of €391M from BlackRock, Bpifrance, Canaan Partners, Eurazeo, Highland Europe, Kohlberg Kravis Roberts, LionTree, Sixth Street, and SoftBank Vision Fund. The funding will be allocated to growing its platform capabilities.
wefox
Location: Berlin, Germany
Launch date: 2015
Funding Round: Series D €400M
Funding Source: Eurazeo, Horizons Ventures, Ischyros New York, LGT group, Mubadala, OMERS Ventures, Target Global, The Delta
Total funding received: €1.3B
Germany-based wefox, founded in 2015, is an insurtech startup that sells various insurance products through a combination of in-house and external brokers, bypassing the direct-to-consumer model of insurtech competitors. Wefox has recently been supported by Eurazeo, Horizons Ventures, Ischyros New York, LGT group, Mubadala, OMERS Ventures, Target Global, and The Delta. The secured funds during the series D round of €400M will be used for further product development and to expand across Europe, followed by Asia and the US.
Kry
Location: Stockholm, Sweden
Launch date: 2015
Funding Round: Series D €156M
Funding Source: Accel, Creandum, Index Ventures, P Capital Partners, Project A Ventures, Teachers‚ Teachers’ Venture Growth
Total funding received: €700M
Kry is a Swedish digital healthcare startup founded in 2015 that helps patients make active choices about their health and have the best care possible. The startup secured a series D round of €156M from Accel, Creandum, Index Ventures, P Capital Partners, Project A Ventures, Teachers‚ and Teachers’ Venture Growth, with plans to use the funds for expanding activities into new care segments.
YuLife
Location: London, UK
Launch date: 2016
Funding Round: Series C €117M
Funding Source: Anthemis Exponential Ventures, Creandum, Dai-ichi Life, Eurazeo, Latitude, LocalGlobe, MMC Ventures, Notion Capital, OurCrowd, Target Global
Total funding received: €205M
YuLife, is a British insurtech startup that uses the power of gamification and the latest behavioral science. YuLife insurance rewards healthy living and puts everyday wellness within reach of everyone. With the recently secured funding of €117M from Anthemis Exponential Ventures, Creandum, Dai-ichi Life, Eurazeo, Latitude, LocalGlobe, MMC Ventures, Notion Capital, OurCrowd, and Target Global, the startup will focus on further business development.
Casavo
Location: Milan, Italy
Launch date: 2017
Funding Round: Series D €100M
Funding Source: 360 Capital, Bonsai Partners, Endeavor Catalyst, Exor Seeds, Fuse Venture Partners, Greenoaks Capital, Hambro Perks Ltd., Ischyros New York, Neva SGR, P101, Picus Capital, Project A Ventures
Total funding received: €700M
Casavo is a Milan-based real-estate startup working on a digital residential platform that is redesigning the experience of selling and buying homes in Europe. The company has been recently supported by 360 Capital, Bonsai Partners, Endeavor Catalyst, Exor Seeds, Fuse Venture Partners, Greenoaks Capital, Hambro Perks Ltd., Ischyros New York, Neva SGR, P101, Picus Capital, and Project A Ventures. Secured funds during the series D round of €100M will support the startup's plans to expand its instant buyer platform.
Everdrop
Location: Munich, Germany
Launch date: 2019
Funding Round: Series B €80M
Funding Source: Felix Capital, HV Capital, Lombard Odier, Sofina, TriplePoint Capital, Vorwerk Ventures
Total funding received: €100M
German Everdrop is a cleantech startup that allows people to avoid or simply reuse their plastic household cleaning bottles, and therefore reduce CO2 emissions and save our planet. Recently secured funds in the series B round of €80M from Felix Capital, HV Capital, Lombard Odier, Sofina, TriplePoint Capital, and Vorwerk Ventures will be used to support further scaling of operations.
Fonoa
Location: Dublin, Ireland
Launch date: 2019
Funding Round: Series B €58.7M
Funding Source: 9Yards Capital, Coatue, Dawn Capital, FJ Labs, Index Ventures, Moving Capital, OMERS Ventures
Total funding received: €80M
Irish Fonoa, founded in 2019, is a tax automation platform that helps high-volume internet marketplaces and merchants automate taxes across the globe. The startup has recently secured a series B round in the amount of €58.7M from 9Yards Capital, Coatue, Dawn Capital, FJ Labs, Index Ventures, Moving Capital, and OMERS Ventures. Raised funds will be used to accelerate the growth.
Normative
Location: Stockholm, Sweden
Launch date: 2014
Funding Round: Series B €31M
Funding Source: 2150, Blume Equity, ETF Partners, Future Five, Horizons Ventures
Total funding received: €43M
Stockholm-based Normative, founded in 2014, is a carbon accounting engine that helps businesses achieve net zero emissions. The startup has recently secured a €31M series B round from 2150, Blume Equity, ETF Partners, Future Five, and Horizons Ventures. The raised funding is to develop the SaaS offering further and expand its service to more businesses.
FreewayCamper
Location: Munich, Germany
Launch date: 2019
Funding Round: Venture round €30M
Funding Source: Rockaway Capital, Rockaway Ventures, SEK Ventures, Redstone
Total funding received: €59M
German FreewayCamper, founded in 2019, is a startup working on a digital platform with a wide selection of top campers and additional services, with a direct booking option, including short-term and long-term bookings. The company has recently closed a round of €30M from Rockaway Capital, Rockaway Ventures, and SEK Ventures, and secured funds will be used for platform development.
incident.io
Location: London, UK
Launch date: 2021
Funding Round: Series A €28,6M
Funding Source: Index Ventures, MANTIS Venture Capital, Point Nine
Total funding received: €33M
Incident.io, founded in 2021, is an incident management software that, thanks to integrating into Slack, allows users to flag incidents, trigger workflows, share updates, and in general, boost co-worker communication capabilities. The recently secured series A round of €28.6M from Index Ventures, MANTIS Venture Capital, and Point Nine will go towards international expansion.
Happeo
Location: Helsinki, Finland
Launch date: 2017
Funding Round: Series B €26M
Funding Source: Endeit Capital, Evli Growth Partners, Inkef, Maki.vc, SmartFin, Vendep Capital
Total funding received: €45M
Finnish Happeo, founded in 2017, is a technology startup that boosts better communication within an organization with its social intranet platform. The startup has recently secured a series B round of €26M from Endeit Capital, Evli Growth Partners, Inkef, Maki.vc, SmartFin, and Vendep Capital which will be invested in its product and development teams and further expansion in North America.
CELUS
Location: Munich, Germany
Launch date: 2018
Funding Round: Series A €25M
Funding Source: DI Technology, Earlybird Venture Capital, Plug and Play, Speedinvest
Total funding received: €30.3M
German CELUS, founded in 2018, is a provider of AI-powered automation software for electronics engineering and therefore empowers development teams to easily build embedded systems, without deep knowledge about electronics. The company has recently been supported by DI Technology, Earlybird Venture Capital, Plug and Play, and Speedinvest. The funds, secured during the series A round of €25M, will be allocated to platform development.
Lightyear
Location: London, UK
Launch date: 2020
Funding Round: Series A €25M
Funding Source: Lightspeed Venture Partners, Metaplanet Holdings, Mosaic, Taavet+Sten, Virgin Group
Total funding received: €35M
UK-based Lightyear, founded in 2020 by two former Wise executives, is a fintech company working on a stock trading app. The startup secured a series A round of €25M from Lightspeed Venture Partners, Metaplanet Holdings, Mosaic, Taavet+Sten, and Virgin Group. The raised funding will support app development.
Morpho Labs
Location: Paris, France
Launch date: 2021
Funding Round: Seed €18M
Funding Source: a16z crypto, Alven, AngelDAO, Atka Capital, Cherry Ventures, Coinbase Ventures, Cryptoast, Daedalus Angel Syndicate, Faculty Capital, Fasanara Capital, GCR Partners, Mechanism Capital, Nascent, Nima Capital, Project A Ventures, Re7 Capital, Semantic Ventures, Spaceship, Spark Capital, Stake Capital, Standard Cryptoi, Templiers, TLC
Total funding received: €18M
French, Morpho Labs, founded in 2021, is a software company working as an open-source, decentralized autonomous organization (DAO), allowing entities to borrow and lend cryptocurrencies. Recently secured funding of €18M during the seed round from a16z crypto, Alven, AngelDAO, Atka Capital, Cherry Ventures, Coinbase Ventures, Cryptoast, Daedalus Angel Syndicate, Faculty Capital, Fasanara Capital, GCR Partners, Mechanism Capital, Nascent, Nima Capital, Project A Ventures, Re7 Capital, Semantic Ventures, Spaceship, Spark Capital, Stake Capital, Standard Cryptoi, Templiers, and TLC (approximately 100 investors participate in the funding round according to the company) will be allocated to further Morpho protocol development.
Unobravo
Location: Napoli, Italy
Launch date: 2019
Funding Round: Series A €17M
Funding Source: Insight Partners
Total funding received: €17.15M
Italian, Unobravo, founded in 2019, is a telehealth and psychology platform that matches people looking for psychological help with the therapist best suited to support them. The startup has recently got support from Insight Partners, and funds secured during the series A roundof €€17M are to fuel further growth.
Geomiq
Location: London, UK
Launch date: 2016
Funding Round: Series A €8.25M
Funding Source: AXA Venture Partners, Fuel Ventures, Samaipata, TechNexus Venture Collaborative
Total funding received: €12.5M
London-based Geomiq, founded in 2016, is a platform that helps solve inefficient, highly fragmented manufacturing systems and therefore makes supply chains accessible to all manufacturers. Secured funds of €8.25M from AXA Venture Partners, Fuel Ventures, Samaipata, and TechNexus Venture Collaborative will be used for further platform development.
Passionfruit
Location: London, UK
Launch date: 2021
Funding Round: Seed €3.5M
Funding Source: Accel, Atomico, Firstminute Capital, FJ Labs, Playfair Capital, Portfolio Ventures
Total funding received: €4M
UK-based Passionfruit, founded in 2021, is a freelance platform that connects independent workers with startups and scaleups. The startup has recently secured a seed round in the amount of €3.5M from Accel, Atomico, Firstminute Capital, FJ Labs, Playfair Capital, and Portfolio Ventures, while funds will support further growth.
Humanloop
Location: London, UK
Launch date: 2020
Funding Round: Seed €2.5M
Funding Source: Index Ventures
Total funding received: €2.6M
London-based Humanloop, founded in 2020, is a startup with a mission to democratize access to AI by making it easier for companies of all sizes to adopt AI technology. It provides a full suite of tools to train and deploy NLP models. The company has recently secured a €2.5M seed round from Index Ventures. The secured funding is expected to support new product development.
Electra
Location: Paris, France
Launch date: 2021
Funding Round: Venture round €160M
Funding Source: 574 Invest, Eurazeo, Groupe Chopard, RATP Group, RGreen Invest, Rive Private Investment, Serena
Total funding received: €175M
UK-based Electra, founded in 2021, is a platform that provides ultra-fast charging stations for electric vehicles. The company has recently closed a funding round of €160M from 574 Invest, Eurazeo, Groupe Chopard, RATP Group, RGreen Invest, Rive Private Investment, Serena, and the funds will be used to accelerate expansion.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase
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TOP European Funding Rounds Closed In April 2022 (Konrad Koncerewicz, Head of VC & Startups, Vestbee)
