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 16 startups from CEE that secured funding in June, providing details on each deal. You can find below a list of 50 startups that received funds during June.
Mistral AI, €600M in a Series B
Location: Paris, France
Founded in: 2023
Total funding received: €1.18B
Recent funding resources: General Catalyst, Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Samsung Venture Investment, Salesforce Ventures, Belfius, Bertelsmann Investment, BNP Paribas, Bpifrance, Cisco, Eurazeo, Headline, Hanwha Asset Management’s venture fund, IBM, Korelya Capital, Latitude, Millennium New Horizons, Sanabil Investments, ServiceNow, SV Angel
French Mistral AI offers open-source and secure language models for business use-cases, specialized using private data and usage feedback. The startup has secured €600 million in a Series B funding round through a combination of equity and debt financing to advance its AI technology, particularly in the realm of language models tailored for business applications.
Amber Therapeutics, €93.3M in a Series A
Location: London, the UK
Founded in: 2021
Total funding received: €95.5M
Recent funding resources: 8VC, F-Prime Capital, Intuitive Ventures, Lightstone Ventures, New Enterprise Associates, Oxford Science Enterprises
London-based biotech startup Amber Therapeutics, pioneering the development of the first adaptive neuromodulation therapy, has secured €93.3 million in a Series A funding round led by New Enterprise Associates. This investment will enable the startup to enhance its implantable neuromodulation therapy specifically designed for women suffering from mixed urinary incontinence.
Cognigy, €93M in a Series C
Location: Dusseldorf, Germany
Founded in: 2016
Total funding received: €168.9M
Recent funding resources: DN Capital, DTCP, Eurazeo, Insight Partners
German startup Cognigy, specializing in AI-first customer service automation, has raised €93.3 million in a Series C funding led by Eurazeo Growth. With the fresh capital, Cognigy aims to further develop its platform.
Bright Peak Therapeutics, €83.9M in a Series C
Location: Basel, Switzerland
Founded in: 2017
Total funding received: €216.5M
Recent funding resources: Alexandria Venture Investments, Fidelity, Invus, Johnson & Johnson Innovation, KB Investment, Northleaf Capital Partners, Qatar Investment Authority, RA Capital Management, Venrock, Versant Ventures
Swiss biotech company Bright Peak Therapeutics, a developer of multifunctional precision immunotherapies, has secured €83.9 million in a Series C funding round led by JJDC. With the fresh investment, the startup plans to launch a Phase 1/2a clinical trial for BPT567, a groundbreaking PD1-IL18 immunoconjugate, in the latter half of 2024.
Storyblok, €73.6M in a Series C
Location: Linz, Austria
Founded in: 2015
Total funding received: €128.7M
Recent funding resources: 3VC, Brighton Park Capital, Firstminute Capital, HV Capital, Mubadala Capital Ventures
Austrian startup Storyblok is a content management system that specializes in the management of content experiences. In June, the startup raised €73.6 million in a Series C funding round to boost its growth in the US and Europe with the new funding, aiming to create the first AI-powered content platform.
Stability AI, €74.6M
Location: London, the UK
Founded in: 2019
Total funding received: €238.9M
Recent funding resources: Coatue, Eric Schmidt, Greycroft, Lightspeed Venture Partners, O'Shaughnessy Ventures, Sound Ventures
London-based Stability AI is an artificial intelligence-driven visual art startup that designs and implements open AI tools. The company raised €74.6 million, welcoming with a new CEO, Prem Akkaraju, on board.
Isar Aerospace, €65M in a Series C
Location: Munich, Germany
Founded in: 2018
Total funding received: €440.2M
Recent funding resources: 10x Group, Airbus Ventures, Bayern Kapital, Besant Capital, Earlybird Venture Capital, Finadvice Med Holdings, G3T, Lakestar, LP&E, NATO Innovation Fund, UVC Partners
Munich-based Isar Aerospace provides access to space for small and medium satellites, enabling global satellite constellations. The €65 million Series C funding will allow the startup to scale up production of its Spectrum small launch vehicle, enhancing its capabilities to support the growing demand for satellite launches.
Prewave, €63M in a Series B
Location: Vienna, Austria
Founded in: 2017
Total funding received: €92M
Recent funding resources: Creandum, Hedosophia, KOMPAS VC, Speedinvest, Ventech, Working Capital
Vienna-based Prewave, which develops an AI-enabled sustainability, risk, and compliance platform, has secured €63 million in a Series B funding round led by Hedosophia. The fresh capital will fuel global expansion and support future product R&D, building on strong European growth and a threefold rise in sales in 2023.
UroMems, €44M in a Series C
Location: Grenoble, France
Founded in: 2011
Total funding received: €81M
Recent funding resources: Arbevel, b2venture, Bpifrance, Credit Mutuel Innovation, European Innovation Council, Hil-Invent, Supernova Invest, Wellington Partners
Grenoble-based Medtech startup UroMems, which develops mechatronics technology to treat stress urinary incontinence (SUI), has secured €44 million in a Series C funding round. This funding will support the clinical trials for UroActive™, the first smart automated artificial urinary sphincter for treating SUI, in the US and Europe.
M^0 Labs, €32.6M in a Series A
Location: Berlin, Germany
Founded in: 2023
Total funding received: €57.5M
Recent funding resources: Airtree Ventures, Bain Capital Crypto, Caladan, Distributed Capital Partners, Earlybird Venture Capital, Galaxy Digital, GSR, Hack VC, Kraynos Capital, Pantera Capital, ParaFi Capital, Road Capital, SALT Fund, SCB 10X, Standard Crypto, Wintermute
Berlin-based M^0 Labs, the infrastructure powering the first open federation of crypto dollar issuers, has raised €32.6 million in a Series A funding round. This investment will support the development and expansion of the startup's operations.
Adcytherix, €30M in a seed round
Location: Marseille, France
Founded in: 2023
Total funding received: €30M
Recent funding resources: Dawn Biopharma, Pontifax, Pureos Bioventures, RA Capital Management
Marseille-based biopharmaceutical firm Adcytherix, which develops new antibody-drug conjugates (ADCs), has secured €30 million in a seed round. This investment will fund the development of novel ADCs for the treatment of high unmet need diseases such as cancer.
CuspAI, €28M in a seed round
Location: Cambridge, the UK
Founded in: 2024
Total funding received: €28M
Recent funding resources: Basis Set Ventures, Dorothy Chou, FJ Labs, Giant Ventures, Hoxton Ventures, Lightspeed Venture Partners, LocalGlobe, Mehdi Ghissassi, Northzone, Tiferes Ventures, Touring Capital, Zero Prime Ventures
Cambridge-based cutting-edge AI company CuspAI , creating materials to address global sustainability and renewable energy issues, has raised €28 million in a Seed funding round. The startup will use the capital to develop a GenAI-driven search engine for new materials.
Black Semiconductor, €25.7M in a Series A
Location: Aachen, Germany
Founded in: 2020
Total funding received: €254.4M
Recent funding resources: Cambium Capital Partners, Capnamic Ventures, NRW.BANK, Onsight Ventures, Porsche Ventures, Project A Ventures, Scania Growth Capital, TechVision Fund, Vsquared Ventures
German startup Black Semiconductor, which manufactures microchips with integrated electronic-photonic circuits using graphene technology, has secured €25.7 million in a Series A funding round. This funding will enable the company to advance a new generation of chip technology from research to mass production by 2031.
Neutral Concept, €25.2M in a Series B
Location: Lausanne, Switzerland
Founded in: 2018
Total funding received: €34.2M
Recent funding resources: Alven, Aster, CNB Capital, D. E. Shaw & Co., Forestay Capital, HTGF | High-Tech Gruenderfonds
Lausanne-based engineering intelligence platform Neutral Concept, which offers industrial engineering design using AI deep learning algorithms, has secured €25.2 million in a Series B funding round. The fresh funding will enable the startup to strengthen its technology leadership and accelerate global recruitment and growth to meet high customer demand in Europe, Asia-Pacific, and the US.
iCOMAT, €21M in a Series A
Location: Bristol, the UK
Founded in: 2019
Total funding received: €24.1M
Recent funding resources: 8VC, NATO Innovation Fund, Syensqo Ventures, Velocity Partners
Bristol-based iCOMAT, a producer of composites for the aerospace, automotive, and defence sectors, has raised €21 million in a Series A round. The investment will support the automation of iCOMAT's composites production and the construction of its first facility in Gloucester, which is expected to be completed by the end of 2024.
Firstvet, €20M in a Series C
Location: Stockholm, Sweden
Founded in: 2016
Total funding received: €73.6M
Recent funding resources: Cathay Innovation, Mubadala Capital Ventures, OMERS Ventures, TELUS Ventures
Stockholm-based digital veterinary platform Firstvet has raised €20 million in a Series C funding round to further expand its operations and form new partnerships. The startup offers video consultation services for pet owners.
Hive, €18.2M in a Series A
Location: Berlin, Germany
Founded in: 2020
Total funding received: €68.9M
Recent funding resources: Alfa8, Amplifier, Earlybird Venture Capital, Picus Capital, Tiger Global Management
Berlin-based platform Hive, which stores and ships products for small and medium-sized online merchants with next-day delivery, has secured €18.2 million in a Series A funding round. The new investment will be used to further develop and expand its platform.
C12 Quantum Electronics, €18M
Location: Paris, France
Founded in: 2020
Total funding received: €29.7M
Recent funding resources: 360 Capital, BNP Paribas Development, Bpifrance, EIC Accelerator, Varsity, Verve Ventures
Paris-based C12 Quantum Electronics develops reliable quantum processors with carbon nanotubes. The startup secured €18 million to expedite its innovative approach to quantum computing development.
Dust, €14.9M in a Series A
Location: Paris, France
Founded in: 2023
Total funding received: €19.9M
Recent funding resources: Connect Ventures, GG1, Motier Ventures, Seedcamp, Sequoia Capital, XYZ Venture Capital
Paris-based modular tech platform Dust, that builds customized AI assistance to enhance and optimize workflows. In June, the startup secured €14.9 million in a Series A funding round to further develop its platform.
Omi, €13M in a Series A
Location: Paris, France
Founded in: 2020
Total funding received: €19M
Recent funding resources: Dawn Capital, Founders Future, Motier Ventures, Paul Robson
Paris-based 3D application Omi, which provides e-commerce and social media solutions, has raised €13 million in a Series A funding round led by Dawn Capital. This fresh capital will support Omi in developing its 3D image creation tool.
Qargo, €12.9M in a Series A
Location: London, the UK
Founded in: 2020
Total funding received: €18.6M
Recent funding resources: Balderton Capital
London-based logistics software company Qargo, which offers a road transport management system, has secured €12.9 million in a Series A funding round. The new funding will be utilized for market expansion, product development, and strengthening the engineering team to meet the rapidly growing customer base.
Light, €12.1M in a seed round
Location: Copenhagen, Denmark
Founded in: 2023
Total funding received: €12.1M
Recent funding resources: Atomico, Entrée Capital, Cherry Ventures, Seedcamp, Mario Götze
Copenhagen-based financial platform Light, that offers fully automated general ledger and other accounting solution services for multinational firms. The startup secured €12.1 million in a seed round to expand its AI-powered general ledger for automating global company finances.
Plancraft, €12M in a Series A
Location: Hamburg, Germany
Founded in: 2020
Total funding received: €14.1M
Recent funding resources: Creandum
Hamburg-based SaaS startup Plancraft, offers software solutions for digitalizing work processes in the craft industry, has secured €12 million in Series A funding. The company plans to utilize funds to develop a contractor operating system, expand beyond the DACH region, and enhance digitalization opportunities for craft businesses.
Hero, €11.3M in a Series A
Location: Paris, France
Founded in: 2021
Total funding received: €24.7M
Recent funding resources: SquareOne Venture Capital, Valar Ventures
French B2B payment and financial platform Hero, which offers a direct online payment experience and immediate receipt of money. The Series A funding will be used to expand its SME-focused financing products and payment solutions. Hero aims to expand across key European markets and solidify its position as a leading fintech provider in the region.
Samara, €9M in a Series A
Location: Madrid, Spain
Founded in: 2022
Total funding received: €16.6M
Recent funding resources: Athletico Ventures, Green Generation Fund, Move Energy, Pelion Green Future, Ring Capital, Seaya
Madrid-based solar energy startup Samara assists households in transitioning to a sustainable energy model. The €9 million Series A funding round aims to support continued growth, develop new products and services, and further advance Samara's proprietary technology platform for intelligent home energy ecosystem management.
ARX, €9M in a seed round
Location: Munich, Germany
Founded in: 2021
Total funding received: €10.1M
Recent funding resources: Discovery Ventures, NATO Innovation Fund, Project A Ventures
Munich-based defense tech company ARX Robotics raised €9 million in a seed funding round, co-led by NATO Innovation Fund. The startup plans to utilize the funds to grow and scale up production in Europe, bolstering its capabilities in the defense technology sector.
Visibly, €7M in a seed round
Location: London, the UK
Founded in: 2022
Total funding received: €7M
Recent funding resources: Brighteye Ventures, Celia Francis, Creandum, Herbert Sablotny, Nick Kingsbury, Seedcamp, Triple Point Ventures
London-based tech platform Visibly, built for the blue- and green-collar industries, has secured €7 million. With the fresh funding, visibly aims to increase the range of regulated certifications offered, grow its team, and further develop its product.
SynthFlow AI, €6.9M in a seed round
Location: Berlin, Germany
Founded in: 2023
Total funding received: €8.3M
Recent funding resources: Atlantic Labs, Singular
Berlin-based no-code platform SynthFlow AI, which aids businesses in creating AI voice assistants to automate customer interactions and handle real-time appointment bookings, has raised €6.9 million in a seed round. The funding will be used to invest in research and development, aiming to maintain early momentum by enhancing product utility and expanding appeal to SMEs.
Heidi, €6.6M
Location: Bristol, the UK
Founded in: 2018
Total funding received: €6.8M
Recent funding resources: Mercia Ventures, Active Partners
Bristol-based online travel startup Heidi raised €6.6 million led by Mercia Ventures. The fresh capital infusion will enable Heidi to expand its workforce by creating over 20 new jobs, enhance its platform further, and expand its customer service teams to better serve its growing user base.
BIOPHTA, €6.5M in a seed round
Location: Paris, France
Founded in: 2020
Total funding received: €6.5M
Recent funding resources: Elaia, GO CAPITAL, HTL Biotechnology, UI Investissement, Unither Pharmaceuticals
Paris-based biotech startup BIOPHTA, focused on treating eye diseases with a novel pharmaceutical platform enabling continuous drug delivery, has secured €6.5 million in a Seed round. This funding will support BIOPHTA in advancing its revolutionary technology for treating eye diseases to the clinical stage.
FOSSA Systems, €6.3M in a Series A
Location: Madrid, Spain
Founded in: 2020
Total funding received: €6.7M
Recent funding resources: Indico Capital Partners, Nabtesco Technology Ventures, NewMind Venture, Sabadell Venture Capital
FOSSA Systems creates IoT and space technologies that are accessible and boost global industries. The funding is going to help to expand its constellation of IoT satellites, with an emphasis on industrial use cases and remote asset monitoring.
Sirona Technologies, €6M in a seed round
Location: Brussels, Belgium
Founded in: 2023
Total funding received: €6.4M
Recent funding resources: Bernard Hazard, LocalGlobe, Look Up Ventures, Renaud Visage, Satgana, Syndicate One, Voyagers, XAnge
Sirona Technologies is a climate tech startup that removes CO2 from the air with its Direct Air Capture technology. The fresh funding is planned to support Sirona Technologies' expansion of Direct Air Capture (DAC) technology and a set-up of a plant in Kenya with a trial facility.
Wordsmith AI, €4.6M in a seed round
Location: Edinburgh, the UK
Founded in: 2023
Total funding received: €4.6M
Recent funding resources: Felix Capital, Gareth Williams, General Catalyst, Index Ventures, s16vc, Yellow
Wordsmith AI develops a legal AI workplace platform designed for businesses. It offers customized policies, approvals, and comprehensive oversight of responses. The fresh capital will enable Wordsmith to build an in-house legal experience designed for employees.
Deemea, €4M in a seed round
Location: Paris, France
Founded in: 2020
Total funding received: €4.3M
Recent funding resources: Karista, YZR Capital
Deemea is a digital health firm that is developing an AI-guided software platform called "DEEMEA Research Platform". The platform is made for biomedical research processes like initial data collection, statistical analysis of outcomes etc. The funding will help with the launching of the platform.
Cardino, €4M in a seed round
Location: Berlin, Germany
Founded in: 2022
Total funding received: €4.2M
Recent funding resources: DEPO Ventures, Point Nine, Rosberg Ventures, Sequoia Capital
Cardino makes it possible to sell old electric cars online by utilizing a strong network of reliable dealers around Europe. The funding will go toward the company’s expansion to France and further development of its platform’s features.
Droppe, €3.9M in a seed round
Location: Helsinki, Finland
Founded in: 2020
Total funding received: €4.1M
Recent funding resources: Ilkka Paananen, Illusian Family Office, Lifeline Ventures, Marianne Vikkula, Miki Kuusi, Mikko Silventola, OpenOcean, Robert Gentz
Droppe is a source-to-order platform that improves the purchasing of operating supplies, paper, and packaging. The fresh capital raised in a seed round will help Droppe develop the most effective way for businesses to source and order the products they need.
ecoLocked, €3.9M in a seed round
Location: Berlin, Germany
Founded in: 2023
Total funding received: €4.2M
Recent funding resources: Climentum Capital, Counteract, Matterwave Ventures, SabancńĪ Ventures, SFO, Voyagers
ecoLocked develops carbon-negative building material additives and supports the use of climate-friendly concrete and other materials in construction. With the funding, the startup intends to grow the demand for its products, add new product lines, and extend its production facilities.
Sopht, €3.3M in a seed round
Location: Villeurbanne, France
Founded in: 2021
Total funding received: €3.5M
Recent funding resources: Axeleo Capital, Climate Club, Evolem Start, Plug and Play, Ring Capital, Ternel, Wind Capital
Sopht is a software provider that analyses and optimizes a companies’ compute usage. With the fresh funding, its goal is to accelerate commercial development in Europe, triple its portfolio of key accounts, and reach the figure of 1 million tons of CO2 under management within four years.
LoopFX, €3M in a seed round
Location: London, the UK
Founded in: 2021
Total funding received: €3.8M
Recent funding resources: Augmentum Fintech
LoopFX is a platform for peer-to-peer FX trading that enables traders to match with banks and asset managers in real-time, guaranteeing the privacy of information and providing trades at a mid-market cost. The investment will go toward expanding the team, improving platform functionality, and advancing technology.
Crafthunt, €3M in a seed round
Location: Munich, Germany
Founded in: 2022
Total funding received: €3.2M
Recent funding resources: Redstone, UVC Partners
Crafthunt is a career platform for the construction industry. The portal matches job offers with qualified candidates in Germany and elsewhere using artificial intelligence (AI). With the fresh funding, the startup will develop its platform with new features and services.
Sloyd, €3M in a seed round
Location: Oslo, Norway
Founded in: 2021
Total funding received: €3.2M
Recent funding resources: a16z Games Speedrun, Acequia Capital (AceCap), Antler, Autodesk, fresh.fund, Hartmann Capital, Skyfall Venturesc
Sloyd creates software for 3D asset creation powered by AI that enables artists to quickly and easily create, modify, and utilize high-quality 3D models. With the fresh funding, Sloyd will be able to expand its platform and enable more professionals and gamers to create high-quality 3D content more quickly and easily.
Malibou, €3M in a seed round
Location: Paris, France
Founded in: 2021
Total funding received: €3.2M
Recent funding resources: Breega, FundersClub, Y Combinator
Malibou develops a platform that has been modified to meet the requirements of France's complex financial administrative regulations, centralizing payroll and HR management operations. The funding will go to expansion of its payroll and HR system for small businesses in France.
Rivia, €3M in a seed round
Location: Zurich, Switzerland
Founded in: 2022
Total funding received: €3.2M
Recent funding resources: Amino Collective, Nina Capital, Speedinvest
Rivia is a cloud-based software created specifically for biotechnology companies to expedite the analysis of drug trials. The fresh funding will support Rivia's goal of combining strong data infrastructure with AI analytics, having the goal of centralizing and streamlining clinical trial procedures from one easily accessible site.
Estuaire, €2.2M in a seed round
Location: Paris, France
Founded in: 2022
Total funding received: €2.3M
Recent funding resources: AFI Ventures, Safran Corporate Ventures, Satgana, XAnge
Estuaire is a climate tech startup which provides airports, airlines, and aviation financiers with an extensive data platform. It uses weather, aircraft paths, and passenger data to create a comprehensive platform that tracks aviation's impact on the climate. The funding is planned to be used for reducing the impact of climate change of aviation.
CeLLife Technologies, €2M in a seed round
Location: Tampere, Finland
Founded in: 2022
Total funding received: €2.1M
Recent funding resources: Ventech
CeLLife Technologies is a deeptech company specializing in sophisticated battery industry diagnostics, measurement, and quality control. The funding will help CeLLife develop its cloud-based SaaS services and promote its entry into the German and Swedish markets.
Danelfin, €2M
Location: Barcelona, Spain
Founded in: 2018
Total funding received: €2.1M
Recent funding resources: Nauta Capital
Danelfin develops a stock analytics platform powered by AI that helps investors manage their portfolios and choose better stocks. Thousands of stock features are converted by the software into an understandable stock-picking score. Danelfin's plans for operations, foreign localization, product development, and growth will all be supported by the funding.
LightOx, €1.7M
Location: Billingham, the UK
Founded in: 2018
Total funding received: €2.2M
Recent funding resources: Northstar Ventures, Praetura Ventures
LightOx was founded with the aim of developing a treatment that will replace painful and highly invasive surgery or radiotherapy, which are commonly used on patients. The proceeds will help it to develop its lead candidate LXD191, an oral gel that is activated by a light device that targets a serious pre-cancerous condition called oral epithelial dysplasia (OED).
Lillian Care, €1.5M in a seed round
Location: Heidelberg, Germany
Founded in: 2021
Total funding received: €1.6M
Recent funding resources: Atlantis Ventures, Bjoern von Siemens, Caesar Ventures, Calm/Storm Ventures, Nina Capital, Pascal Werner, Ship2B Ventures, Stefan Menden
Lillian Care is a healthcare startup that provides doctors with workspaces, technology, infrastructure, and trained personnel. With this funding round, LillianCare will be able to effectively solve the physician shortage in Germany by expanding mixed primary care services in neglected areas.
Fullwhere, €1.3M in a seed round
Location: Paris, France
Founded in: 2023
Total funding received: €1.4M
Recent funding resources: Aonia Ventures, Kima Ventures, ZEBOX Ventures
Fullwhere develops a software, that helps companies to gather, aggregate, evaluate, disseminate, and automate feedback on any public or private platform as well as through pre-existing channels. The funding will be used for the startup’s products further development.
Dodona Analytics, Series A
Location: London, the UK
Founded in: 2018
Recent funding resources: Flashpoint, WaVe-X
Dodona Analytics is a platform for EV Charging Optimization that makes it easier for charge point operators (CPOs) and other infrastructure designers to find practical and profitable charging locations. The fresh funding is planned to be used for expansion to North America and Europe.
