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 March, providing details on each deal. Below is a list of startups from a broad European region that received funds during March.
Reflection AI, €118.4M in Series A
Location: Varese, Italy
Founded in: 2019
Total funding received: €118.4M
Recent funding resources: SV Angel, Reid Hoffman, NVentures, Lightspeed Venture Partners, CRV, Alexandr Wang
Italian startup Reflection AI develops artificial intelligence solutions with a focus on computer vision. In March, the firm secured €22.7 million in seed funding and €95.7 in Series A to develop its autonomous coding technology, expand its team, grow its customer base, and build infrastructure.
Flowdesk, €85M
Location: Paris, France
Founded in: 2020
Total funding received: €168.5M
Recent funding resources: Isai, HV Capital, Eurazeo, Cathay Innovation
Paris-based crypto-financial services company Flowdesk, which provides market-making services for Web3 players, has raised €85 million in funding. The fresh capital will enable the company to scale its OTC derivatives business, launch a crypto credit desk, and expand its team.
Maxion Therapeutics, €66.6M in Series A
Location: Cambridge, the UK
Founded in: 2020
Total funding received: €87.4M
Recent funding resources: General Catalyst, British Patient Capital, Solasta Ventures, Eli Lilly and Company, BGF, LifeArc Ventures, Monograph Capital
Cambridge-based biotech startup Maxion Therapeutics has raised €66.6 million in Series A funding to advance MAX001 into clinical trials and push other programs toward clinical testing, moving the company closer to becoming clinical-stage.
GravitHy, €60M
Location: Marseille, France
Founded in: 2022
Total funding received: €60M
Recent funding resources: Siemens Financial Services, Rio Tinto, Marcegaglia,ENGIE New Ventures, EIT InnoEnergy, Ecolab, Advantage Partners
Marseille-based sustainable iron and steel startup GravitHy, producing DRI/HBI through hydrogen reduction technology, recently secured €60 million in funding. The funds will support project development, secure contracts, complete engineering, obtain permits, and grow its workforce.
n8n, €55M in Series B
Location: Berlin, Germany
Founded in: 2019
Total funding received: €73.4M
Recent funding resources: Sequoia Capital, HV Capital, Highland Europe, Harpoon, Felicis
Berlin-based n8n, a workflow automation tool integrating AI with business process automation, has secured €55 million in Series B funding to expand into new markets, particularly the US, enhance its AI-powered tools, and grow its workforce.
Marvel Fusion, €50M in Series B
Location: Munich, Germany
Founded in: 2019
Total funding received: €165.3M
Recent funding resources: Tengelmann Ventures, Siemens Energy, European Innovation Council, EQT Ventures, Bayern Kapital
Munich-based Marvel Fusion develops fusion energy technology for clean, safe, and reliable power. In March, the company announced the raising of €50 million in its Series B funding round to build a fusion prototype, scale laser production, and advance its fusion plant design with Siemens Energy.
Curve, €44.3M in Series D
Location: London, the UK
Founded in: 2015
Total funding received: €279.3M
Recent funding resources: Stanley Fink, Outward VC, IDC Ventures, Hanaco Venture Capital, Fuel Venture Capital
London-based fintech startup Curve enhances payments and saves money with wallet technology. It has secured €44.3 million in Series D funding to support industry-first product launches and customer-driven enhancements.
Swap, €37M in Series B
Location: London, the UK
Founded in: 2021
Total funding received: €45.3M
Recent funding resources: QED Investors, Portfolio Ventures, ICONIQ Growth, Cherry Ventures, 9900 Capital
London-based software startup Swap, specializing in returns, exchanges, and funding for e-commerce, has raised €37 million in a Series B funding round. The capital will support the development of new products, including Swap Inventory, which integrates stock management, demand forecasting, and AI-driven replenishment recommendations.
Buynomics, €27.7M in Series B
Location: Cologne, Germany
Founded in: 2018
Total funding received: €42.6M
Recent funding resources: VI Partners, Tomahawk.VC, Seedcamp, Insight Partners, Forestay Capital, DvH Ventures, Anaïs Ventures
Cologne-based AI-powered SaaS platform Buynomics secured €27.7 million in Series B funding, led by Forestay Capital, to accelerate global growth, expand into the US and Asia, and enhance AI capabilities.
Tomorro, €25M in Series B
Location: Paris, France
Founded in: 2020
Total funding received: €39.9M
Recent funding resources: XAnge, Resonance, Motier Ventures, henQ, Founders Future, Financiere Saint James, Adelie, Acton Capital
Paris-based Tomorro, an AI contract management firm, has raised €25 million in Series A funding to open its first international office in Germany, double its AI investment, and launch AI-assisted negotiation to streamline contract workflows and drive growth.
CamGraPhIC, €25M in Series A
Location: Cambridge, the UK
Founded in: 2018
Total funding received: €26.4M
Recent funding resources: NATO Innovation Fund, CDP Venture Capital, and Sony Innovation Fund, Bosch Ventures, Frontier IP Group, and Indaco Venture Partners.
CamGraPhIC uses graphene to improve photonic devices, making them cheaper to produce and more efficient. Its technology helps transceivers work well in different temperatures without needing expensive cooling systems. The recent funding will help the startup to expand R&D in Pisa, establish a pilot manufacturing line in Milan, and scale up production for large-scale manufacturing.
Pangea Aerospace, €23M in Series A
Location: Barcelona, Spain
Founded in: 2018
Total funding received: €27.1M
Recent funding resources: Primo Capital, Hyperion Fund, Centre for the Development of Industrial Technology (CDTI)
Pangea Aerospace specializes in the development of propulsion systems for the aerospace industry. This investment will strengthen Pangea’s manufacturing, integration, and testing capabilities, driving the development of strategic technologies to support national and European aerospace sovereignty amid rising global competition.
Steady Energy, €22M in Series B
Location: Helsinki, Finland
Founded in: 2023
Total funding received: €34M
Recent funding resources: Lifeline Ventures, 92 Ventures
Steady Energy develops a 50 MW small modular nuclear reactor (SMR) for low-cost, carbon-free district heating. The firm’s technology delivers heat under €40/MWh, making it cheaper than bioenergy, nuclear, and fossil fuels. The Series B funding will support the startup’s construction of a full-scale pilot plant later this year.
Cloudsmith, €21.9 in Series B
Location: Belfast, the UK
Founded in: 2016
Total funding received: €48.1M
Recent funding resources: Insight Partners, Frontline Ventures, Techstart, Tapestry VC, Sorenson Capital, Shasta Ventures, MMC Ventures
Cloudsmith is a software development tool and service that provides a cloud-native, universal package management solution. Enterprises rely on Cloudsmith for secure, scalable, and controlled management of their software supply chain. The new funding will support team growth, enhance software supply chain security features, and advance AI R&D.
Dalma, €20M in Series B
Location: Paris, France
Founded in: 2021
Total funding received: €52.3M
Recent funding resources: Northzone, Breega, Bpifrance, Anterra Capital
French startup Dalma develops an app that streamlines the pet insurance claim process and provides unlimited access to veterinary advice. The firm will use the €20 million Series B funding to expand into new European markets, improve its AI-driven claims system, and introduce new services to support pet parents better.
Echandia, €19.6M
Location: Stockholm, Sweden
Founded in: 2018
Total funding received: €21M
Recent funding resources: SEB Greentech VC, Industrifonden, Energy & Environment Investment, Course Corrected, Alantra
Swedish firm Echandia develops battery systems for maritime transportation, shipping, and other heavy-duty applications. The investment will support the startup in its global expansion, including a new production facility in the US, to meet the growing demand for maritime battery solutions.
Valo Therapeutics, €19M
Location: Helsinki, Finland
Founded in: 2016
Total funding received: €30M
Recent funding resources: Indaco Venture Partners, Freeman Road, ENEA Tech e Biomedical, CDP Venture Capital
Valo Therapeutics is an immunotherapy company developing tumor antigen-coated replication-competent viruses as therapeutic vaccines against cancer. This funding will enable Valo to expand and complete the Phase 1B clinical study of the company's lead tumour antigen-coated oncolytic virus candidate.
RockFi, €18M in Series A
Location: Paris, France
Founded in: 2023
Total funding received: €21M
Recent funding resources: Partech, Varsity
RockFi is the French fintech company aiming to revolutionize private wealth management through its combination of seasoned advisors and technology. The funds raised will allow RockFi to continue developing and expanding its service offerings, including a dedicated clients app, which provides customers with reports on their financial portfolio.
Epoch Biodesign, €17M in Series A
Location: London, the UK
Founded in: 2019
Total funding received: €17M
Recent funding resources: Lowercarbon Capital, KOMPAS VC, Kibo Invest, Happiness Capital, Extantia Capital, Day One Ventures, Alma Mundi Ventures
Epoch Biodesign uses enzymes to make recycled plastics cheaper and higher performing than virgin materials. The Series A funding will help the company build its first plant, expand its plastic-eating enzyme library, and serve major textile customers in fashion, automotive, and chemicals.
Doinstruct, €16.5M in Series A
Location: Osnabruck, Germany
Founded in: 2021
Total funding received: €24.1M
Recent funding resources: HV Capital, HTGF | High-Tech Gruenderfonds, D11Z.Ventures, Creandum, and business angels
Doinstruct develops a multilingual mobile training solution tailored for frontline workers. It enables businesses to train their staff and service providers via smartphones, seamlessly across supply chains and from any location. With this funding, the company will expand in key European markets and enhance its AI for smoother frontline operations.
Supercritical, €16M in Series A
Location: London, the UK
Founded in: 2020
Total funding received: €16M
Recent funding resources: Toyota Ventures, TOP Ventures, Shell Ventures, Kibo Invest, Global Brain Corporation, Blackfinch Ventures, Alumni Ventures, Al Mada Ventures
Supercritical’s high-pressure electrolyzer cuts green hydrogen production costs by using 20-30% less energy and operates more efficiently at higher temperatures and pressures. With the fresh funding, the startup plans to scale its electrolyser technology to pilot scale, and that it aims to scale its manufacturing and operations and access new markets.
Rerun, €15.6M in a seed round
Location: Stockholm, Sweden
Founded in: 2022
Total funding received: €19M
Recent funding resources: Sunflower Capital, Seedcamp, Point Nine, Costanoa Ventures, and business angels
Rerun combines open-source visualization tools with a high-performance commercial database for robotics, autonomous vehicles, and Physical AI. The company plans to double its team by year-end, focusing on expanding its database and deeper integration into the Robotics and Physical AI ecosystems.
C1 Green Chemicals, €15M
Location: Berlin, Germany
Founded in: 2022
Total funding received: €25M
Recent funding resources: SquareOne Venture Capital, Planet A Ventures, Maersk Growth, Denkapparat
C1 creates climate-friendly chemical production processes, optimizing reactions from the atomic level to production scale. Its first innovation is a methanol catalysis developed through quantum chemistry. The startup will use the raised capital to build the world’s first demonstration plant for homogeneously catalyzed methanol, with construction set to begin this year.
Paid, €10M in a pre-seed round
Location: London, the UK
Founded in: 2024
Total funding received: €10M
Recent funding resources: Sequoia Capital, SV Angel, EQT Ventures, Founders' Co-op, GTMfund, Exceptional Capital, Alt Capital
Paid is a business engine for AI agent monetization and financial infrastructure, offering tools for pricing, subscriptions, margins, and billing to enable seamless integration with various monetization models. This funding will expand its beta program and support hiring engineers in London to enhance development and innovation.
Mimo, €7.8M in a pre-seed
Location: London, the UK
Founded in: 2023
Total funding received: €25.5M
Recent funding resources: Seedcamp, Project A, Northzone
Mimo is a platform of financial management tools. The platform designed to streamline business payments and improve cash flow management for SMEs, accountants, and bookkeepers. Mimo will use the investment to expand its Froda partnership, offering SMB credit in the UK and across Europe.
TastyUrban, €6.5M in Series A
Location: Berlin, Germany
Founded in: 2022
Total funding received: €8M
Recent funding resources: Monte Carlo Capital, IBB Ventures, Fulcrum Global Capital, Earlybird, Cardumen Capital
TastyUrban is a German startup developing a virtual restaurant franchise, with delivery-first food brands licensed out to restaurants. Funding will drive the development and deployment of the company’s food brands across more restaurant partners, sales venues, and geographies.
Burbank, €6M in a seed round
Location: London, the UK
Founded in: 2021
Total funding received: €6M
Recent funding resources: Portfolio Ventures, Mouro Capital, Anthemis
Burbank develops Card Present over Internet (CPoI) technology that lets online shoppers tap their card to their mobile device and enter their PIN to complete a transaction.The recent seed funding round will accelerate the global scalability of the company’s platform.
Kaiko Systems, €6M in Series A
Location: Berlin, Germany
Founded in: 2020
Total funding received: €8M
Recent funding resources: Hi Inov, Flashpoint Venture Growth, Motion Ventures
Kaiko Systems develops an AI-powered platform that helps shipping companies streamline inspections, monitor vessel health, and improve maintenance processes. The startup will use the €6 million Series A funding to expand into new markets, enhance AI capabilities, and improve maritime operations' safety, compliance, and efficiency.
XUND, €6M in a seed round
Location: Vienna, Austria
Founded in: 2018
Total funding received: €14M
Recent funding resources: Lead Ventures, J&T Ventures, MassMutual Ventures, tba network, LANA Ventures
XUND develops AI-powered medical software that helps guide patients from prevention to diagnosis. The startup will use the recent funds to expand across Europe, focusing on the DACH region and the UK, while advancing its MDR-certified medical devices and large language model solution, RAVE.
ABEX, €5.5M in a seed round
Location: London, the UK
Founded in: 2023
Total funding received: €5.5M
Recent funding resources: MMC Ventures
ABEX offers algorithmic execution solutions for institutional investors in digital asset markets, helping them improve trading strategies and access advanced tools. The company plans to use the funds to expand its products, add matched principal trading, and launch derivatives trading solutions.
ai|coustics, €5M in a seed round
Location: Berlin, Germany
Founded in: 2021
Total funding received: €6.9M
Recent funding resources: Partech, Intuition, FOV Ventures, Connect Ventures, arc investors, Acurio Ventures
ai|coustics is a vice AI startup, which develops API and SDK to optimize workflows by repairing home recordings, poor microphones, and background noise. The company will use the funds to expand its AI-powered sound technology across platforms and devices.
Elea, €4M in a seed round
Location: Hamburg, Germany
Founded in: 2024
Total funding received: €4M
Recent funding resources: Giant Ventures, Fly Ventures
Elea uses AI to streamline pathology labs, automating transcription, reporting, and equipment control. With €4 million in seed funding, it plans to enhance its AI, grow its team, and expand into new markets, including the US.
Firenze, €3M in a seed round
Location: Manchester, the UK
Founded in: 2023
Total funding received: €195.4M
Recent funding resources: Portfolio Ventures, Outward VC, Form Ventures
Firenze enables wealth managers, advisers, and investment platforms to offer white-label investment-backed loans from £65,000 without changing custody. With its latest investment, it aims to expand Lombard lending and unlock over £1 billion for mass affluent investors in three years.
WARREN, €3M in a pre-seed round
Location: Sint-Martens-Lierde, Belgium
Founded in: 2024
Total funding received: €3M
Recent funding resources: Syndicate One, Pitchdrive, Motive Ventures, 1105
WARREN develops tools and resources, such as financial planning tools, AI-driven coaching, and human advisory support, to help employees manage their finances. The €3 million funding will help the firm improve its platform to make it easier for employees to manage their finances and boost well-being and retention.
amberSearch, €2.1M in a seed round
Location: Aachen, Germany
Founded in: 2021
Total funding received: €2.1
Recent funding resources: Ventech
amberSearch helps employees quickly find documents, data, and insights through an AI-powered search engine and chat interface. With the funding, amberSearch will scale its AI search engine and companyGPT solution, and enhance its AI Assistant to automate workflows and manage data.
Evera, €2M in a seed round
Location: Toulouse, France
Founded in: 2020
Total funding received: €4.2M
Recent funding resources: Newfund, MCapital, Groupe Magellim, Baltis, Astorya VC
Evera accelerates the shift to electric fleets with a subscription model that offers new and refurbished vehicles. The funds will help expand across France and add more services for businesses.
compri, €1.6M in a pre-seed round
Location: Milan, Italy
Founded in: 2024
Total funding received: €1.6M
Recent funding resources: Italian Founders Fund, DFF Ventrues and private investors
compri develops an AI-powered procurement platform that helps mid-market manufacturing companies optimize spending and streamline operations. The €1.6 million funding will scale its platform across Europe, grow its team, expand its customer base, and enhance AI-driven product development.
MSInsight, €1.6M in a seed round
Location: Paris, France
Founded in: 2021
Total funding received: €1.6M
Recent funding resources: YES invest, Plateau de Saclay Business Angels, Capital Cell, Calyseed, Bpifrance
MSInsight is a bioinformatics startup that develops diagnostic and treatment response prediction solutions for Microsatellite Instability (MSI) cancers. The company will use the funds to complete tech development, demonstrate performance in cancer, and begin clinical validation for CE-IVD marking.
Catchwise, €1.25 in a pre-seed round
Location: Oslo, Norway
Founded in: 2022
Total funding received: €1.25M
Recent funding resources: Dreamcraft Ventures, Sondo Capital, Sondo Capital
Catchwise develops a technology platform that uses AI and ocean data to optimize fishing operations. The startup will use the funding to improve its AI and data platform, helping to further optimize fishing operations and reduce search time, fuel use, and carbon emissions.
Yepoda, undisclosed Series B
Location: Berlin, Germany
Founded in: 2019
Total funding received: €1.5M
Recent funding resources: Verlinvest, V3 ventures, JamJar Investments
Yepoda is the K-Beauty brand blending Korean skincare innovations with sustainable formulations, has closed its Series B funding round. The funds will accelerate growth, support its Europe-wide roll-out into Sephora, and drive its US launch while continuing product innovation.
