We have already presented interesting CEE startups that closed funding rounds in June. Today, we are going to dive further into the European startup ecosystem and discover more funding rounds that took place in June, the last month of Q2 2022. This time especially Financial Technology has attracted investors' interests, but among other directions worth distinguishing were AI, E-commerce and Data & Analytics.
Now, let’s check out the TOP 20 June startup funding rounds in Europe!
Trade Republic
Location: Berlin, Germany
Launch date: 2015
Funding Round: Series C €250M
Funding Source: Accel, Creandum, Founders Fund, Ontario Teachers' Pension Plan, Project A Ventures, Sequoia Capital, TCV, Thrive Capital
Total funding received: €1.2B
Founded in 2020, Berlin-based Trade Republic is an online broker that helps Europeans with wealth creation through easy, secure, and free access to financial markets. The company is supervised by the Federal Bank of Germany and BaFin (Federal Financial Supervisory Authority). Its mobile app allows customers to trade shares, derivatives, and cryptocurrencies. Trade Republic has recently secured a series C round in the amount of €250M from Accel, Creandum, Founders Fund, Ontario Teachers' Pension Plan, Project A Ventures, Sequoia Capital, TCV, and Thrive Capital.
Multiverse
Location: London, UK
Launch date: 2016
Funding Round: Series D €211M
Funding Source: Audacious Ventures, Bond, D1 Capital Partners, Founders Circle Capital, General Catalyst, GV, Haystack, Index Ventures, Lightspeed Venture Partners, StepStone Group
Total funding received: €390M
London-based Multiverse, founded in 2016, is a tech startup building an alternative to university and corporate training via professional apprenticeships. To do so, the company introduced a platform to connect people with those internships. The startup has recently secured a series D round of €211M from Audacious Ventures, Bond, D1 Capital Partners, Founders Circle Capital, General Catalyst, GV, Haystack, Index Ventures, Lightspeed Venture Partners, StepStone Group. The funding is to develop the platform.
Personio
Location: Munchen, Germany
Launch date: 2015
Funding Round: Series E €189M (round extension)
Funding Source: Accel, Alkeon Capital, Altimeter Capital, Global Founders Capital, Greenoaks Capital, Index Ventures, Lightspeed Venture Partners, Meritech Capital Partners, Northzone
Total funding received: €730M
Germany-based Personio, founded in 2015, is an HR startup that offers cloud-based HR management, recruiting solutions, and software for startups and small- and medium-sized enterprises. Personio has recently received support from Accel, Alkeon Capital, Altimeter Capital, Global Founders Capital, Greenoaks Capital, Index Ventures, Lightspeed Venture Partners, Meritech Capital Partners, and Northzone. Secured funds during the series E round in the amount of €189M will be used to accelerate further growth.
CoachHub
Location: Berlin, Germany
Launch date: 2018
Funding Round: Series C €192M
Funding Source: HV Capital, Molten Ventures, RTP Global, signals Venture Capital, Sofina, SoftBank Vision Fund, Speedinvest, SVB Capital
Total funding received: €315M
London-based CoachHub is a global talent development platform that enables organizations to create a personalized, measurable and scalable coaching program for the entire workforce, regardless of department and seniority level. The startup secured a series C round of €192M from HV Capital, Molten Ventures, RTP Global, Signals Venture Capital, Sofina, SoftBank Vision Fund, Speedinvest, and SVB Capital, with plans to use the funds for expanding activities in Asia and other regions.
Platform.sh
Location: Paris, France
Launch date: 2014
Funding Round: Series D €134M
Funding Source: Bethnal Green Ventures, Digital+ Partners, Eurazeo, Hi Inov - Dentressangle, Morgan Stanley Expansion Capital, Partech, Revaia
Total funding received: €177M
Platform.sh is an automated and high-availability cloud hosting platform that helps web applications scale effortlessly and serve the most demanding traffic allowing developers to develop, test, deploy, and maintain their applications faster. With the recently secured funding of €134M from Bethnal Green Ventures, Digital+ Partners, Eurazeo, Hi Inov - Dentressangle, Morgan Stanley Expansion Capital, Partech, and Revaia, the startup will expand the workforce.
Codat
Location: London, UK
Launch date: 2017
Funding Round: Series C €96M
Funding Source: Canapi Ventures, Index Ventures, JPMorgan Partners (JPMP), PayPal Ventures, Plaid, Shopify
Total funding received: €167M
UK-located Codat is an API for small business data that provides real-time connectivity to enable software providers and financial institutions to build integrated products for their small business customers. The company has been recently supported by Canapi Ventures, Index Ventures, JPMorgan Partners (JPMP), PayPal Ventures, Plaid, and Shopify. Secured funds during the series C round of €96M will support startup’s plans to increase the number of integrations to small business financial applications.
Juni
Location: Goteborg, Sweden
Launch date: 2020
Funding Round: Series B €96M
Funding Source: Cherry Ventures, DST Global, EQT Ventures, Felix Capital, Mubadala Capital Ventures
Total funding received: €267M
Founded in 2019, Munich-based Juni, is a financial management platform made for ecommerce businesses. With a goal to empower digital entrepreneurs, the startup offers a wide range of services like physical and virtual cards, credit cards, accounting, analytics, and digital advertising platforms. Recently secured funds in the series B round of €96M from Cherry Ventures, DST Global, EQT Ventures, Felix Capital, and Mubadala Capital Ventures will be used to support the platform's development.
Proximie
Location: London, UK
Launch date: 2016
Funding Round: Series C €76M
Funding Source: Advent Life Sciences, British Patient Capital, Eight Roads Ventures, Emerson Collective, F-Prime Capital, Global Ventures, Maverick Ventures, Minderoo Foundation, Mubadala, Questa Capital Management, SoftBank Vision Fund
Total funding received: €112M
UK-based Proximie, founded in 2016, is a healthtech platform that enables surgeons to virtually attend operating theaters to visually guide complex surgeries. The startup has recently secured a series C round in the amount of €76M from Advent Life Sciences, British Patient Capital, Eight Roads Ventures, Emerson Collective, F-Prime Capital, Global Ventures, Maverick Ventures, Minderoo Foundation, Mubadala, Questa Capital Management, and SoftBank Vision Fund. Raised funds will be used to accelerate the development of key products and services.
CloudNC
Location: London, UK
Launch date: 2012
Funding Round: Series B €43M
Funding Source: Atomico, Autodesk, British Patient Capital, Episode 1, Lockheed Martin Ventures
Total funding received: €78M
London-based CloudNC is a startup developing advanced software that enables factories to autonomously manufacture precision parts. The startup has recently secured a €60M series B round from Atomico, Autodesk, British Patient Capital, Episode 1, and Lockheed Martin Ventures. The raised funding is to develop the SaaS offering further and expand its full-stack manufacturing capability in Essex, United Kingdom.
Upvest
Location: Berlin, Germany
Launch date: 2017
Funding Round: Series B €40M
Funding Source: 10x Group, ABN AMRO Ventures, Bessemer Venture Partners, Earlybird Venture Capital, Notion Capital, Partech, Speedinvest
Total funding received: €59M
Berlin-based Upvest, founded in 2017, is an investment API provider working in a banking-as-a-service model. Thanks to that, fintechs and banks can use Upvest’s ready-to-go APIs to offer their end customers investment products instead of building such features on their own. The startup has recently closed a series B round of €40M from 10x Group, ABN AMRO Ventures, Bessemer Venture Partners, Earlybird Venture Capital, Notion Capital, Partech, and Speedinvest. Secured funds will be used to increase the presence in European markets.
Param
Location: Istanbul, Turkey
Launch date: 2013
Funding Round: Venture Round €192M
Funding Source: EBRD, Revo Capital, CEECAT Capital, Alpha Associates
Total funding received: €192M
Founded in 2013, Istanbul-based Param is a fintech company that provides products allowing individuals and businesses of every size to send and receive payments online, cost-effectively, and securely. This software is an ideally suited solution for online merchants, individuals, and others currently underserved by traditional payment mechanisms. The recently secured venture round (first round of funding) of €192M from EBRD, CEECAT Capital, Alpha Associates, and Revo Capital will accelerate the startup's CEE expansion.
Maze
Location: Paris, France
Launch date: 2018
Funding Round: Series B €38M
Funding Source: Amplify Partners, Atlassian Ventures, Emergence, Felicis Ventures, HubSpot Ventures, Partech, Seedcamp, Zoom Venture
Total funding received: €54M
Paris-based Maze, founded in 2018, is a tool that allows product teams to observe how users interact with a product and generate reports. With Maze, team members can leverage other tools to design product tests and surveys and then generate a shareable link to the tests to enroll participants. The startup has recently secured a series B round of €38M from Amplify Partners, Atlassian Ventures, Emergence, Felicis Ventures, HubSpot Ventures, Partech, Seedcamp, and Zoom Venture, which will be invested in new product solutions, workflow integrations and more advanced features.
Flowdesk
Location: Paris, France
Launch date: 2020
Funding Round: Series A €29M
Funding Source: Aglae Ventures, Bpifrance, Coinbase, Coinbase Ventures, Delphi, Eurazeo, Fabric Ventures, FEBE Ventures, Impossible Finance, Isai, Ledger, Lemniscap, NGC Ventures, PetRock Capital, Sfermion, Speedinvest
Total funding received: €29M
France-based Flowdesk, founded in 2020, is a digital asset financial technology provider building a trading infrastructure to provide market-making services for web3 players. The company has recently been supported by Aglae Ventures, Bpifrance, Coinbase, Coinbase Ventures, Delphi, Eurazeo, Fabric Ventures, FEBE Ventures, Impossible Finance, Isai, Ledger, Lemniscap, NGC Ventures, PetRock Capital, Sfermion, and Speedinvest. The funds, secured during the series A round of €29M, will be allocated to expand its infrastructure and trading platform.
Strapi
Location: Paris, France
Launch date: 2016
Funding Round: Series B €29M
Funding Source: Bpifrance, CRV, Flex Capital, Index Ventures, RAISE
Total funding received: €42M
Paris-based Strapi is an open-source software helping developers easily build, deploy, and manage APIs. It has become the leading "headless" content management system loved by many developers. The startup secured a series B round of €29M from Bpifrance, CRV, Flex Capital, Index Ventures, and RAISE. The raised funding will be used to build a sustainable business and invest in developing the Strapi open source community and ecosystem.
&Open
Location: Dublin, Ireland
Launch date: 2017
Funding Round: Series A €25M
Funding Source: CircleRock Capital, First Round Capital, LocalGlobe, Middlegame Ventures, Molten Ventures, Oyster Capital Partners, Tribal.vc
Total funding received: €33M
&Open is a Dublin-based customer and loyalty platform for modern brands that send digital and physical gifts at scale from brands to people around the world (customers, employees, and alike), boosting their loyalty, retention, and engagement. Recently secured funding of €25M during the series A round from CircleRock Capital, First Round Capital, LocalGlobe, Middlegame Ventures, Molten Ventures, Oyster Capital Partners, and Tribal.vc will be allocated to further platform development.
Defacto
Location: Paris, France
Launch date: 2021
Funding Round: Series A €15M
Funding Source: Global Founders Capital, Headline, Northzone
Total funding received: €21M
French Defacto is a fintech company that provides loans and credits to small firms through an API-based product. It enables third parties such as marketplaces, ecommerce platforms, and others to embed its products directly in their ones, integrating seamlessly. Defacto has recently got support from Global Founders Capital, Headline, and Northzone. Funds secured during the series A round of €15M are to fuel further growth.
Molecule
Location: Berlin, Germany
Launch date: 2019
Funding Round: Seed €12.5M
Funding Source: 1kx, Amino Collective, BACKED VC, Boom Capital, BoxGroup, Cherry Ventures, Chorus One, Compound, Fifty Years, Gaingels, Healthspan Capital, Inflection, KdT Ventures, Kindergarten Ventures, Koji Capital, L1 Digital, Northpond Ventures, Orange Fund, Petri, Pillar VC, seedclub, Shine Capital, Speedinvest, The LAO, Zee Prime Capital
Total funding received: €12.5M
Founded in 2019, Berlin-based Molecule is a software platform to accelerate innovation in the pharmaceutical industry. In a few words, the startup creates collaborative ecosystems where stakeholders in drug development can work together to expedite the process of bringing novel therapeutics to patients. Secured funds of €12.5M from 1kx, Amino Collective, BACKED VC, Boom Capital, BoxGroup, Cherry Ventures, Chorus One, Compound, Fifty Years, Gaingels, Healthspan Capital, Inflection, KdT Ventures, Kindergarten Ventures, Koji Capital, L1 Digital, Northpond Ventures, Orange Fund, Petri, Pillar VC, seedclub, Shine Capital, Speedinvest, The LAO, and Zee Prime Capital will be used for further platform development.
Stoïk
Location: Paris, France
Launch date: 2021
Funding Round: Series A €11M
Funding Source: Alven, Andreessen Horowitz, Anthemis Group, The Delta
Total funding received: €15M
France-based Stoïk, founded in 2021, is an SME-focused insurance and cybersecurity startup that provides insurance and security to free businesses from cyber risk. The startup has recently secured a series A round in the amount of €11M from Alven, Andreessen Horowitz, Anthemis Group, and The Delta. Raised funds will help the startup expand into additional European markets, namely through localized/regulatory compliant adaptations.
Screenloop
Location: London, UK
Launch date: 2021
Funding Round: Seed €6.6M
Funding Source: All Iron Ventures, Ludlow Ventures, Passion Capital, Stride.VC
Total funding received: €9M
UK-based Screenloop is a hiring intelligence platform that allows companies to source candidates, analyze interviews, and automate the reference process, fueling better hiring decisions. The company has recently secured a €6.6M seed round from All Iron Ventures, Ludlow Ventures, Passion Capital, and Stride.VC. The secured funding is expected to support product development and research, and to deliver a powerful end-to-end hiring intelligence platform.
Validio
Location: Stockholm, Sweden
Launch date: 2019
Funding Round: Seed €14.4M
Funding Source: J12 Ventures, Lakestar
Total funding received: €15.7M
Swedish Validio, founded in 2019, is a startup building a next-gen data quality platform for data lakes, warehouses, and real-time streams, abstracting complexity away from data engineering. Specifically, users become armed with tools that let them clean up data stored in data warehouses and elsewhere in real-time. The company has recently closed a seed round of €14.4M from J12 Ventures & Lakestar. It will use the secured funds for business and product development, as well as R&D, and to hire more talent.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase
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