We have already presented interesting CEE startups that closed funding rounds in March. Today, we are going to dive further into the European startup ecosystem and discover more funding rounds that took place in March, the last month of Q1 2022. This time AI, SaaS, Biotech, Banking, Analytics, and E-commerce attracted investor's interests.
Now, let’s check out TOP 20 March startup funding rounds in Europe!
Doctolib
Location: Paris, France
Launch date: 2013
Funding Round: Series F €500M
Funding Source: Bpifrance, Eurazeo, General Atlantic
Total funding received: €750M
Founded in 2013, Paris-based Doctolib is an online healthcare booking platform and management software provider. Thanks to Doctolib, doctors can improve their bookings management, help reduce no-show rates, and bring in new patients to their offices. On the other hand, for patients, it offers a free online service to find nearby health practitioners and make medical appointments 24/7 within just a few clicks. The startup has recently secured a series F round in the amount of €500M from Bpifrance, Eurazeo, and General Atlantic, while received funds will be used for accelerating further growth.
Forto
Location: Berlin, Germany
Launch date: 2016
Funding Round: Series D €230M
Funding Source: A.P. Moller Holding, Cavalry Ventures, Disruptive, G Squared, Northzone, SoftBank Vision Fund, Unbound
Total funding received: €550M
German Forto, founded in 2016, is a digital freight forwarder and shipping management platform that specializes in freight. The company's pioneering, scalable, digital logistics technology and services go beyond transportation from point A to point B. The easy-to-use platform provides their customers with a comprehensive view of all of the processes in their global supply chain and optimizes every step along the way. Forto has recently secured a series D round in the amount of €230M from A.P. Moller Holding, Cavalry Ventures, Disruptive, G Squared, Northzone, SoftBank Vision Fund, and Unbound. Secured funds will be used for further platform development.
Volocopter
Location: Bruchsal, Germany
Launch date: 2011
Funding Round: Series E €155M
Funding Source: Atlantia, btov Partners, Honeywell, Whysol Investments, WP Investment
Total funding received: €550M
Bruchsal-based Volocopter, founded in 2011, is an urban air mobility company that develops eco-friendly air taxis to transport people. The company is developing a fully electric aircraft that takes off and lands vertically to transport passengers safely within cities. The startup has recently been supported by Atlantia, btov Partners, Honeywell, Whysol Investments, and WP Investment. Secured funds during the series E round in the amount of €155M will be used for further product development.
Deepki
Location: Paris, France
Launch date: 2014
Funding Round: Series C €150M
Funding Source: Bpifrance, Hi Inov - Dentressangle, Highland Europe, One Peak Partners, Revaia, Statkraft Ventures
Total funding received: €160M
France-based Deepki is a company that supports real estate players in the transition to sustainability by aligning stakeholders' interests and working on developing efficient strategies while transforming the way they think about their real estate properties. Deepki offers end-to-end solutions using data to improve ESG performance and enhance the value of these assets in real-time. The startup secured a series C round of €150M from Bpifrance, Hi Inov - Dentressangle, Highland Europe, One Peak Partners, Revaia, and Statkraft Ventures with plans to use these funds for accelerating the growth and continuing the international expansion.
Typeform
Location: Barcelona, Spain
Launch date: 2012
Funding Round: Series C €125M
Funding Source: AConnect Ventures, General Atlantic, GP Bullhound, Index Ventures, Point Nine, Sofina, Teamworthy Ventures, Top Tier Capital Partners, Trium
Total funding received: €170M
Typeform is a no-code SaaS platform with user-friendly tools that help companies grow their business and connect with their audience. By offering friendly forms, quizzes, surveys, and asynchronous video solutions for meetings or events, Typeform turns digital interactions into human connections, enabling companies to design beautiful web forms in minutes without any code knowledge. Recently secured funding in the amount of €125M from AConnect Ventures, General Atlantic, GP Bullhound, Index Ventures, Point Nine, Sofina, Teamworthy Ventures, Top Tier Capital Partners, and Trium will be allocated to accelerating product development, extending teams and nurture emerging technologies.
Omnipresent
Location: London, UK
Launch date: 2019
Funding Round: Series B €110M
Funding Source: Episode 1, Kinnevik AB, Playfair Capital, Tencent, TrueSight Ventures, Uncorrelated Ventures
Total funding received: €125M
UK-based Omnipresent is a human resource and onboarding SaaS platform that helps companies hire remote-working local teams worldwide. It handles local employment compliance, payroll, human resource support, and benefits for international employees while also enabling clients to productively hire full-time personnel domestically or abroad. The company has been recently supported by Episode 1, Kinnevik AB, Playfair Capital, Tencent, TrueSight Ventures, and Uncorrelated Ventures. Secured funds during series B round of €110M will be allocated to continuing Omnipresent’s global expansion.
Builder.ai
Location: London, UK
Launch date: 2016
Funding Round: Series C €90M
Funding Source: IFC, Insight Partners, Jungle Ventures, Nikesh Arora, Revo Capital, WndrCo
Total funding received: €180M
Founded in 2016, UK-based Builder.ai, is an AI software that helps enterprises to build software projects. Its platform and human-assisted AI help allow big companies, small businesses, and entrepreneurs to build and scale their projects without requiring coding knowledge or technical expertise. Recently secured funds in the series C round of €90M from IFC, Insight Partners, Jungle Ventures, Nikesh Arora, Revo Capital, and WndrCo will be used for improving AI and automation capabilities.
Tibber
Location: Forde, Norway
Launch date: 2016
Funding Round: Series C €90M
Funding Source: Balderton Capital, Eight Roads Ventures, Schibsted, Summa Equity
Total funding received: €160M
Norway-based Tibber, founded in 2017, is a greentech startup that helps consumers lower their energy bills and make electricity consumption smarter. To do so, the company provides customer-focused smart devices for energy monitoring, connected thermostats and electric-vehicle charging in Norway, Sweden and Germany. Tibber has recently secured a series C round in the amount of €90M from Balderton Capital, Eight Roads Ventures, Schibsted, and Summa Equity, while raised funds will support expanding the product offering.
+Simple
Location: Paris, France
Launch date: 2015
Funding Round: Series C €90M
Funding Source: Eurazeo, KKR Real Estate Finance Trust, Speedinvest, Tikehau Capital
Total funding received: €120M
French +Simple is a unique insurance broker for freelancers, small and medium businesses with an algorithm that personalizes offers according to users' activity. Customers can subscribe online and have constant access to their contracts and all documents needed in case of a claim. The startup has recently secured a €90M series C round from Eurazeo, KKR Real Estate Finance Trust, Speedinvest, and Tikehau Capital. The raised funding will grow the product offering.
Precirix
Location: Brussels, Belgium
Launch date: 2014
Funding Round: Series B €80M
Funding Source: BioMedPartners, Forbion Capital Partners, Gimv, HealthCap, INKEF Capital, Jeito Capital, Novo Holdings, Pontifax, V-Bio Ventures
Total funding received: €117M
Belgium-based Precirix, founded in 2014, is a biotech platform developing radio-immunotherapeutic drugs for cancer patients. The startup has recently closed a series B round of €80M from BioMedPartners, Forbion Capital Partners, Gimv, HealthCap, INKEF Capital, Jeito Capital, Novo Holdings, Pontifax, andV-Bio Ventures. Secured funds will be used for advancing its CAM-H2 through its ongoing Phase I/II study and bringing additional novel radiopharmaceuticals to the clinic.
Yaba
Location: Barcelona, Spain
Launch date: 2020
Funding Round: Series A €75M
Funding Source: 10X Founders, aldeA Ventures, Bonsai Partners, Crossbeam Venture Partners, Inveready, JME Ventures, Tikehau Capital, Village Capital
Total funding received: €130M
Founded in 2020, Barcelona-based Yaba is an aggregator of digital brands that sell on Amazon. The startup is dedicated to buying and scaling companies with potential within the Amazon universe with the aim to increase sales of the acquired companies by improving their sourcing as well as their presence in the main marketplaces, among other growth levers. Recently secured series A round in the amount of €75M from 10X Founders, aldeA Ventures, Bonsai Partners, Crossbeam Venture Partners, Inveready, JME Ventures, Tikehau Capital, and Village Capital will be allocated to supporting the further growth.
Yokoy
Location: Zurich, Switzerland
Launch date: 2019
Funding Round: Series B €73M
Funding Source: Balderton Capital, Left Lane Capital, Sequoia Capital, SIX FinTech Ventures, Speedinvest, Swisscom Ventures, Visionaries Club, Zinal Growth
Total funding received: €100M
Switzerland-based Yokoy, founded in 2019, is a FinTech company that automates spend management for medium and large enterprises with artificial intelligence, combining expense management, supplier invoice management, and smart corporate cards into one single intuitive platform. Powered by machine learning and developed in its own cutting-edge AI research lab the platform also constantly monitors individual workflows to make them more efficient over time. Yokoy has recently secured a series B round in the amount of €73M from Balderton Capital, Left Lane Capital, Sequoia Capital, SIX FinTech Ventures, Speedinvest, Swisscom Ventures, Visionaries Club, Zinal Growth, while raised funds will be used for expanding activities in the European markets.
Leapsome
Location: Berlin, Germany
Launch date: 2016
Funding Round: Series a €55M
Funding Source: Creandum, Insight Partners, Visionaries Club
Total funding received: €55M
German-based Leapsome, founded in 2016, is a platform for employee performance management and engagement. With Leapsome companies are able to monitor performance more closely than ever before and therefore keep exceptional work results. The company has recently been supported by Creandum, Insight Partners, and Visionaries Club, while secured funds during the series A round in the amount of €55M will be allocated to enhancing the platform, and increasing its presence in the US.
HeyJobs
Location: Berlin, Germany
Launch date: 2016
Funding Round: Series B €43M
Funding Source: Creathor Ventures, Digital+ Partners, FMZ Ventures, Heartcore Capital, Notion Capital
Total funding received: €57M
Berlin-based HeyJobs, is an AI-powered talent-matching platform that makes it easy for employers to find the perfect candidate. It also makes it possible for talents to find jobs they can thrive in and live fulfilling lives, while also providing employers with a frictionless per-hire cost. The startup secured a series B round of €43M from Creathor Ventures, Digital+ Partners, FMZ Ventures, Heartcore Capital, and Notion Capital, which will be used for further platform development.
Goodlord
Location: London, UK
Launch date: 2019
Funding Round: Series B €32M
Funding Source: Columbia Lake Partners, Finch Capital, Highland Europe, Latitude, Oxx
Total funding received: €60M
Goodlord is a London-based startup providing cloud-based software that helps estate agents manage the rental process. Its digitized service speeds up the administration process and improves tenant and landlord experiences. Goodlord also offers a shop-front for agents to offer services that provide more value for its customers such as insurance and utilities, which can be offered in one easy transaction. Recently secured funding in the amount of €30M during the series B round from Columbia Lake Partners, Finch Capital, Highland Europe, Latitude, and Oxx will be allocated to supporting strtup’s further rapid growth within the UK market.
Convelio
Location: Paris, France
Launch date: 2017
Funding Round: Series B €32M
Funding Source: Acton Capital, Alma Mundi Ventures, European Investment Fund, Forestay Capital, Global Founders Capital
Total funding received: €43M
French Convelio is a digital fine art shipping company with an algorithm that considers various parameters such as fragility, dimensions and price to assemble the most appropriate value-chain for each shipment. The startup also provides additional services like insurance embedded in the transaction. Convelio has been recently supported by Acton Capital, Alma Mundi Ventures, European Investment Fund, Forestay Capital, and Global Founders Capital, while secured funds will be allocated to scaling up the team in the US, and enhancing the core product offering.
Minut
Location: Malmo, Sweden
Launch date: 2014
Funding Round: Series B €13M
Funding Source: Almaz Capital, HAX, Karma Ventures, Kompas, KPN Ventures, SOSV, Swiss Immo Lab, Verve Ventures, Zenith Group
Total funding received: €22M
Founded in 2014, Sweden-based Minut, is a technology company that specializes in product design, hardware, electronics, IoT and smart homes, and therefore helps individuals to manage their home security from their smartphones. Secured funds in the amount of €13M from Almaz Capital, HAX, Karma Ventures, Kompas, KPN Ventures, SOSV, Swiss Immo Lab, Verve Ventures, and Zenith Group will be used for developing its rental monitoring solution.
Logically
Location: London, UK
Launch date: 2017
Funding Round: Series A €22M
Funding Source: Amazon Alexa Fund, NPIF, Äď Mercia Equity Finance, Vitruvian Partners, XTX Ventures
Total funding received: €33M
UK-based Logically, founded in 2017, is a startup that develops the latest AI technologies to combat information overload, misinformation, fake news and other types of harmful content. Logically has recently secured a series A round in the amount of €22M from Amazon Alexa Fund, NPIF‚ Äď Mercia Equity Finance, Vitruvian Partners, and XTX Ventures, while raised funds will support the further growth.
Akeneo
Location: Nantes, France
Launch date: 2012
Funding Round: Series D €124M
Funding Source: Alven, Partech, Summit Partners
Total funding received: €180M
French Akeneo is a Product Experience Management (PXM) solutions provider that helps merchants and brands deliver consistent and enriched customer experiences across all sales channels, including eCommerce, mobile, print, and retail points of sale. The company has recently secured a €124M series D round from Alven, Partech, and Summit Partners, while secured funding will be used for further development of its PXM Studio platform.
Staffbase
Location: Chemnitz, Germany
Launch date: 2014
Funding Round: Series E €106M
Funding Source: General Atlantic, Insight Partners
Total funding received: €282M
German Staffbase, founded in 2014, is an internal communications platform providing enterprise customers with an employee communications tool that enables them to connect with their employees easily. The company has recently closed a Series E of €106M from General Atlantic, and Insight Partners, and secured funds will go towards expanding its platform, accelerating growth, and completing the full integration of its solutions with Microsoft 365.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase
Related Posts:
TOP European Funding Rounds Closed In February 2022 (Konrad Koncerewicz, Head of VC & Startups, Vestbee)
TOP European Funding Rounds Closed In January 2022 (Konrad Koncerewicz, Head of VC & Startups, Vestbee)
TOP CEE Funding Rounds Closed In January 2022 (by Konrad Koncerewicz, Head of VC & Startups, Vestbee)
