May showcased a surge of European startups successfully closing their rounds, encompassing diverse sectors such as medtech, biotech, artificial intelligence, information technology, machine learning, predictive analytics, risk management, supply chain management or blockchain. As we previously highlighted the CEE startups that successfully closed funding rounds in May, we now shift our focus to present a curated collection of the most noteworthy companies from across the whole Europe. Let’s have a look at the TOP 30 May startup funding rounds in Europe!
Builder.ai
Location: London, England, United Kingdom
Launch date: 2016
Funding Round: Series D, €233 M
Funding Source: ICONIQ Capital, Insight Partners, Jungle Ventures, Qatar Investment Authority, Angel Investors
Total funding received: €415 M
Builder.ai is an AI-powered software solution that empowers enterprises, small businesses, and entrepreneurs to effortlessly build, operate, and scale their software projects. By harnessing the power of its innovative platform and human-assisted AI technology, Builder.ai makes the development process easier, eliminating the need for technical expertise or writing a single line of code. With a global presence spanning the UK, US, UAE, Singapore, and France, the startup is embarking on a new direction that embraces human conversation as a key component and empower individuals to effortlessly build apps. Builder.ai is backed by ICONIQ Capital, Insight Partners, Jungle Ventures, Qatar Investment Authority with the funding amounting to €233 M.
Tools For Humanity
Location: Berlin, Germany
Launch date: 2019
Funding Round: Series C, €107M
Funding Source: a16z crypto, Bain Capital Crypto, Blockchain Capital, Distributed Global
Total funding received: €107
Startup Tools for Humanity, co-founded by OpenAI’s CEO Sam Altman, creates tools that bolster the Worldcoin protocol with a strong focus on making the blockchain and digital identity technologies more common. A key area of focus for the startup is the development of unique digital identities, which leverage blockchain technology and utilize a small orb for eye scanning. Recently, the company secured a significant investment of €107M, with support from prominent investors such as a16z crypto, Bain Capital Crypto, Blockchain Capital, and Distributed Glob.
Patient 21
Location: Berlin, Germany
Launch date: 2019
Funding Round: Series C, €70.8 M
Funding Source: Artian Investments, Bertelsmann Investments, PICO Venture Partners, Pitango VC, Piton Capital, Target Global and Angel Investors
Total funding received: €175.3 M
The Berlin-based startup, Patient21, aims to modernize the healthcare industry by recognizing the importance of cross-specialty collaboration and universal data access. Leveraging data, the company assists doctors in delivering highly personalized treatments, ensuring exceptional patient care in the twenty-first century. With a recent successful funding round of €70.8M, Patient21 plans to expand its operations beyond Germany. The company is backed by Artian Investments, Bertelsmann Investments, PICO Venture Partners, Pitango VC, Piton Capital, Target Global, and Angel Investors.
Pigment
Location: Paris, France
Launch date: 2019
Funding Round: €65.2 M
Funding Source: Accel, Blossom Capital, ICONIQ Capital, Visionaries Club
Total funding received: €218 M
Pigment develops a modern business planning platform, thanks to which organizations can gain a comprehensive view of their data, enabling forecasting their capabilities. The platform seamlessly integrates data from various sources and processes it in real-time, presenting users with an intuitive, all-encompassing perspective of their company. The company securen an investment of €65.2 M from Accel, Blossom Capital, ICONIQ Capital and Visionaries Club.
Moon Surgical
Location: Paris, France
Launch date: 2019
Funding Round: Series B, €51.6 M
Funding Source: Cathay Capital, GT Healthcare Capital Partners, Johnson & Johnson Innovation, MD Start, NVentures, Sofinnova Partners and Angel Investors
Total funding received: €86 M
Moon Surgical is a med-tech startup developing a hardware solution – the surgical robot designed to assist with laparoscopic procedures. MastOR, an innovative laparoscopy assistance platform developed by this early-stage surgical robotics startup, expands access to minimally-invasive techniques for surgeons while optimizing resource utilization in the operating room. This solution is backed by Cathay Capital, GT Healthcare Capital Partners, Johnson & Johnson Innovation, MD Start, NVentures, Sofinnova Partners and Angel Investors. The company closed its recent round with the secured capital of €51.6 M.
NomuPay
Location: Dublin,Ireland
Launch date: 2019
Funding Round: Series A, €50 M
Funding Source: Finch Capital, Neuberger Berman Group, Outpost Ventures
Total funding received: €50 M
NomuPay is a modern end-to-end payment solution, offering the Unified Payment (uP) Platform, facilitating payment acceptance and payouts across Europe, Southeast Asia, and Turkey with a single integration. With a focus on international growth, the UP Platform's secure API provides a comprehensive range of payment acceptance methods, including cards, buy-now-pay-later solutions, installment plans, and local alternative payment methods. The company, backed by Finch Capital, Neuberger Berman Group and Outpost Ventures with the amount of €50 M, operates from Dublin, Hong Kong, Kuala Lumpur, Manila, Istanbul, and Bangkok.
ANYbotics
Location: Zurich, Switzerland
Launch date: 2016
Funding Round: Series B, €46 M
Funding Source: ACE & Company, Aramco Ventures, Bessemer Venture Partners, EquityPitcher Ventures, NGP Capital, Saudi Aramco Energy Ventures, Swisscanto Private Equity, Swisscom Ventures, Verve Ventures, Walden Catalyst
Total funding received: €67.7 M
ANYbotics, a Swiss robotics startup, has been dedicated to developing solutions enhancing the well-being of workers, and promoting sustainability in industrial facilities. ANYbotics’ dog-shaped robots offer autonomous and fully integrated robotic inspection solutions for demanding industrial environments that are complex, hazardous, and prone to explosions. ANYbotics focuses on supporting workers in various sectors including oil and gas, power generation, energy, mining, processing, chemicals, transportation, and construction. The company’s lead investors are NGP Capital and Walden Catalyst, while the startup’s last successful round amounts to €46 M.
ARTHEx Biotech
Location: Valencia, Spain
Launch date: 2019
Funding Round: Series B, €42 M
Funding Source: AdBio partners, Columbus Venture Partners, Hadean Ventures, Invivo Capital Partners, Sound Bioventures
Total funding received: €62 M
ARTHEx is a startup pursuing an important mission of curing 70,000 people in Europe suffering from a Myotonic Dystrophy Type 1 (DM1) – a rare neuromuscular disorder that causes muscle weakness and other life-limiting complications. The startup is a spin-off company of the University of Valencia, and is now at the forefront of developing innovative antisense RNA treatments to combat genetic diseases. The startup received a support amounting to €42 M, backed by AdBio partners, Columbus Venture Partners, Hadean Ventures, Invivo Capital Partners and Sound Bioventures.
Dualyx
Location: Ghent, Belgium
Launch date: 2019
Funding Round: Series A, €40 M
Funding Source: Andera Partners, BioGeneration Ventures, Forbion Capital Partners, Fountain Healthcare Partners, Gemma Frisius Fund, High-Tech Grunderfonds, PMV, V-Bio Ventures, VIB
Total funding received: €40 M
Dualyx is a biotech startup dedicated to the discovery and development of advanced biological therapies for autoimmune and rare diseases. Startup’s focus lies in activating regulatory T-cells, restoring immune system balance, and mitigating the excessive immune response responsible for damage in autoimmune conditions. As a spin-off of Flanders-based immunology company Argenx, the startup has recently secured €40 M in funding and is supported by Andera Partners, BioGeneration Ventures, Forbion Capital Partners, and Fountain Healthcare Partners.
TISSIUM
Location: Paris, France
Launch date: 2013
Funding Round: Series D, €50 M
Funding Source: Cathay Health, Crédit Mutuel Innovation, Fonds Stratégique d'Investissement, Merieux Developpement, Sofinnova Partners
Total funding received: €196.8 M
TISSIUM, a startup with the mission to alter the lives of patients by developing and bringing to the field of surgery a platform of biomorphic programmable polymers, has recently raised Series D of €50 M. The startup is addressing the surgical challenge of damaged tissue reconstruction by assisting in restoring its natural function. Their biomorphic and programmable polymers are adaptable for application in numerous clinical domains. With a focus on rapid growth, TISSIUM aims at expanding internationally with its in-house production and strategic partnerships. The startup is backed by Cathay Health, Crédit Mutuel Innovation, Fonds Stratégique d'Investissement, Merieux Developpement and Sofinnova Partners.
Prewave
Location: Vienna, Austria
Launch date: 2017
Funding Round: Series A, €18 M
Funding Source: Creandum, Kompas, seed + speed Ventures, Segnalita, Speedinvest, Ventech, Working Capital, xista science ventures
Total funding received: €29 M
Prewave, Vienna based startup, has developed a data analytics platform aimed at predicting supply chain risks through comprehensive data analysis. The platform utilizes machine learning techniques to analyze social media data, enabling the monitoring and communication of information that predicts supply chain anomalies, simultaneously monitoring the level of carbon footprint. By harnessing this technology, businesses can anticipate upcoming risk events within their logistics networks and effectively identify and mitigate sustainability risks. The startup has closed a round amounting to €18 M from Creandum, Kompas, seed + speed Ventures, Segnalita, Speedinvest, Ventech, Working Capital and xista science ventures.
DataOps
Location: London, United Kingdom
Launch date: 2018
Funding Round: Series A, €16.3 M
Funding Source: Anthos Capital, Notion Capital, Snowflake Ventures
Total funding received: €30 M
The DataOps platform and tools empower every company and stakeholder to access improved, expedited, and higher-quality data while upholding governance and data security standards without any compromises. The London-based startup develops a solution that provides the necessary infrastructure and capabilities to streamline and optimize data operations throughout the entire data lifecycle. By adopting DataOps principles, organizations can enhance their data management processes, enabling efficient data access, collaboration, and integration. The startup raised €16.3 M in its recent round and is backed by Anthos Capital, Notion Capital and Snowflake Ventures.
SPREAD
Location: Berlin, Germany
Launch date: 2019
Funding Round: Series A, €14.9 M
Funding Source: Cavalry Ventures, HV Capital and Angels investors
Total funding received: €17.6 M
SPREAD is a startup specializing in making product data easily accessible, user-friendly, and actionable. Through their Engineering Intelligence Network, the startup's solution establishes connections between various types of product information. SPREAD's services cater to a wide range of applications spanning from research and development to after sales support. SPREAD's gained the trust of customers such as Mercedes, VW, and Infineon who are able to expedite development cycles, enhance product quality, and reduce their environmental impact. Startup, being backed by Cavalry Ventures, HV Capital and Angels investors, has raised €14.9 M.
Satellite Vu
Location: London, United Kingdom
Launch date: 2016
Funding Round: Series A, €14.7 M
Funding Source: Molten Ventures
Total funding received: €36.3 M
Satellite Vu monitors global building temperatures in real-time, providing valuable insights for economic activity, energy efficiency, and carbon footprint. They support decision-making in the energy industry, sustainable finance, natural disaster response, building operations, and plastics cleanup. Recently, the London-based startup has secured an investment of €14.7 M. The company is going to use the raised amount to be able to implement its thermal-imaging satellite constellation. Satellite Vu is backed by Molten Ventures.
Aibidia
Location: Helsinki, Finland
Launch date: 2014
Funding Round: Series A, €13 M
Funding Source: DN Capital, FPV Ventures, Global Founders Capital, Icebreaker.vc
Total funding received: €17.5 M
Aibidia is a startup developing digital transfer pricing management solution. Aibidia’s cloud-based platform facilitates a transition from manual document creation and data entry to a more strategic focus on global value creation and insights. Founded in 2014 in Helsinki, Finland, Aibidia boasts a diverse team comprising tax lawyers, economists, data scientists, and software developers from various nations. By leveraging their technology, Aibidia empowers multinational companies like Volvo, Bridgestone, and Recipharm to establish equitable global transfer pricing and automate associated reporting processes. The startup is backed by venture capitals like DN Capital, FPV Ventures, Global Founders Capital, Icebreaker.vc. Its recent closed round amounts to €13 M.
Orbital Witness
Location: London, England
Launch date: 2014
Funding Round: Series A, €7.5 M
Funding Source: LocalGlobe, Outward VC, Parker89, Portfolio Ventures, Realty Corporation, Seedcamp
Total funding received: €12.8 M
Orbital Witness is a platform that integrates prop-tech and legal-tech aspects, altering the property buying process. Startup offers an affordable, efficient, and reliable alternative to the traditional, time-consuming legal due diligence process in property transactions. By eliminating burdensome paperwork, Orbital Witness simplifies the property buying process for lawyers and clients. With clients such as Tesla, Mischon de Reya, Freshfields, Slaughter & May, and M&S on board, Orbital Witness has recently secured a €7.5 million round led by Parker89.
Nory AI
Location: Dublin, Ireland
Launch date: 2020
Funding Round: Seed, €7 M
Funding Source: Cavalry Ventures, CircleRock Capital, Playfair Capital, Samaipata, Triple Point Ventures
Total funding received: €11 M
Nory AI is the operating system for multi-site restaurants and bars, bringing all operations onto a single platform while using AI technology to assist restaurants in efficiently managing their workflow from start to finish. The team behind the startup tries to take a step forward and solve the common challenges faced by those who have worked in the restaurant industry, from the intricacies of data science and logistics management to the theatrics that often come with the job. Currently, the startup secured its funding amounting to €7 M. Nory AI is backed by Cavalry Ventures, CircleRock Capital, Playfair Capital, Samaipata and Triple Point Ventures.
NEWTWEN
Location: Padua, Italy
Launch date: 2020
Funding Round: Series A, €7 M
Funding Source: 360 Capital, CDP Venture Capital, Join Capital, Plug and Play Tech Center, Vertis SGR
Total funding received: €9 M
NEWTWEN generates real-time embedded digital twin solutions for model predictive control and diagnostics of electromechanical systems. Their software enhances the performance, longevity, and reliability of these systems. The digital twin on-chip solutions provide accurate predictions of critical system parameters, including temperatures, at an incredibly fast rate, thousands of times per second. This level of insight enables real-time control techniques to enhance system performance. NEWTWEN has now raised funding of €7 M from 360 Capital, CDP Venture Capital, Join Capital, Plug and Play Tech Center and Vertis SGR.
CUR8
Location: London, United Kingdom
Launch date: 2020
Funding Round: Pre-seed, €6.1 M
Funding Source: ANIM, CapitalT, Climate VC, Force Over Mass Capital, Google Ventures, Systema nova
Total funding received: €6.1 M
CUR8 is a London based startup, dedicated to creating a worldwide market focused on carbon reduction. They aim to address the issue of carbon emissions through methods such as direct air capture, forest preservation, sustainable construction practices, soil management, biomass utilization, ocean conservation, and the development of new technologies. CUR8 has closed its first round in the amount of €6.1 M from ANIM, CapitalT, Climate VC, Force Over Mass Capital, Google Ventures and Systema nova.
UrbanChain
Location: Manchester, United Kingdom
Launch date: 2017
Funding Round: Series A, €6 M
Funding Source: Eurazeo
Total funding received: €7.6 M
UrbanChain creates an energy exchange system that leverages the power of blockchain, AI, and IoT technologies to establish local energy markets. By implementing UrbanChain's solution, consumers will be able to experience significant savings on their energy bills, while renewable energy generators of all sizes gain access to the mainstream market. UrbanChain is supported by Eurazeo and has secured €6.1 M during its last round.
MultiOmic Health
Location: London, United Kingdom
Launch date: 2017
Funding Round: Seed, €5.7 M
Funding Source: Ada Ventures, Hoxton Ventures, MMC Ventures, Verve Ventures
Total funding received: €8.1 M
MultiOmic Health is an AI-enabled drug discovery start-up with a primary focus on diseases related to metabolic syndrome. MultiOmic Health acquires and analyzes de-identified patient data and bio-samples. Their platform integrates multi-omics analysis and computational systems biology modeling. By combining these capabilities with targeted wet laboratory experiments, MultiOmic Health generates innovative precision therapeutic concepts that are later developed through partnerships with established pharmaceutical companies. The startup is supported by Ada Ventures, Hoxton Ventures, MMC Ventures, Verve Ventures and has closed its recent rounds with the amount of €5.7 M.
RoyaltyRange
Location: London, United Kingdom
Launch date: 2012
Funding Round: €4.2 M
Funding Source: Presto Ventures, Trind Ventures, ZGI Capital
Total funding received: €4.6 M
RoyaltyRange is a comprehensive intellectual property royalty rate database that specializes in providing data on royalties and licensing terms. With RoyaltyRange, users gain access to information and insights related to intellectual property royalties, allowing them to make informed decisions and assessments within the realm of licensing and royalty rates. The startup has recently raised €4.2 M from Presto Ventures, Trind Ventures and ZGI Capital.
Kertos
Location: Munchen, Germany
Launch date: 2012
Funding Round: Seed, €4 M
Funding Source: 10x Founders, Pi Labs, Redstone, seed + speed Ventures, Superlyst Ventures, xdeck, Angels Investors
Total funding received: €5 M
Kertos offers a comprehensive privacy platform. Kertos solution is designed to address the operational requirements of all stakeholders within a highly regulated environment. By implementing automation and execution, Kertos enables businesses to scale, adapt, and navigate modern tech environments with significantly reduced workloads. Kertos has recently successfully secured €4 million. Startup is supported by 10x Founders, Pi Labs, Redstone, seed + speed Ventures, Superlyst Ventures, xdeck and Angels Investors.
Graphext
Location: Madrid, Spain
Launch date: 2017
Funding Round: Seed, €3.2 M
Funding Source: Hoxton Ventures, Plug and Play, SaxeCap, Tiny VC, Trajectory Ventures
Total funding received: €6.5 M
Graphext is a no-code advanced data analytics platform. Graphext allows business analysts to delve deeper into their data and perform root cause analysis without the need for assistance from data scientists. This empowers analysts to gain a comprehensive understanding of their data, uncover valuable insights, and make informed decisions.The startup has closed its recent round raising €3.2 M from Hoxton Ventures, Plug and Play, SaxeCap, Tiny VC and Trajectory Ventures.
NetBird
Location: Berlin, Germany
Launch date: 2022
Funding Round: Pre-seed, €1.1 M
Funding Source: Antler, Nauta Capital, Rheingau Founders, Angel Investors
Total funding received: €1.2 M
Netbird is an open-source VPN platform that allows the creation of secure private networks for both organizations and homes. It eliminates the need for complex configuration processes such as port opening, firewall rule management, and VPN gateways. The Berlin based startup secured €1.1 M in its pre-seed round from Antler, Nauta Capital, Rheingau Founders and Angel Investors.
Nivoda
Location: London, United Kingdom
Launch date: 2017
Funding Round: Series A, €10.2 M
Funding Source: Abstract Ventures, Entrepreneur First, Headline, Operator Partners, RiverPark Ventures
Total funding received: €10.2 M
Nivoda is a B2B diamond marketplace that offers a straightforward solution for jewelry businesses to enhance profitability, improve operational efficiency, and foster accelerated growth. By leveraging Nivoda's platform, retailers can save both time and money while gaining access to a wide range of diamonds from around the world, all at competitive prices and without the risk of holding inventory. Nivoda allows retailers to streamline their diamond sourcing process, reduce costs, and access a diverse inventory, ultimately empowering them to enhance their business performance and achieve greater success in the jewelry market. Startup raised €10.2 M from VCs like Abstract Ventures, Entrepreneur First, Headline, Operator Partners and RiverPark Ventures.
Oneday
Location: London, United Kingdom
Launch date: 2020
Funding Round: Series A, €5.8 M
Funding Source: Ananda Impact Ventures, Brighteye Ventures, Flint Capital, Outward VC, Sparkmind.vc
Total funding received: €9.5 M
Oneday is an EdTech platform that offers a formal education system centered around entrepreneurship. Oneday recognizes the shifting trends in career choices, with more individuals opting for entrepreneurship, self-employment, and involvement in the creator economy instead of traditional corporate jobs. The mission of Oneday is to rebuild education for the 21st century, taking into account the changing nature of work where AI is replacing knowledge-based jobs, making the memorization of facts and essay writing less relevant. Startup has been backed by Ananda Impact Ventures, Brighteye Ventures, Flint Capital, Outward VC, Sparkmind.vc with a round of €5.8 M.
VoxelSensors
Location: Brussels, Belgium
Launch date: 2020
Funding Round: Seed, €5 M
Funding Source: Capricorn Partners, Finance.Brussels, Qbic Fund
Total funding received: €6.2 M
VoxelSensors offers advanced sensors and solutions in the field of 3D perception that bridges the gap between the physical and digital realms. Startup’s technology enables the integration of real-world environments into digital experiences. At the core of their solution lies the patented Switching Pixels Active Event Sensor (SPAES) technology. All in all, the startup's technology allows for fully immersive experiences in consumer electronics as well as augmented reality (AR), virtual reality (VR), and mixed reality (MR) wearables. Startup has recently raised €5 M from Capricorn Partners, Finance.Brussels and Qbic Fund.
Twirl
Location: Stockholm, Sweden
Launch date: 2022
Funding Round: Pre-seed, €2.3 M
Funding Source: Cocoa Ventures, Creandum
Total funding received: €2.3 M
Twirl empowers data teams to leverage the full spectrum of analytics and machine learning capabilities, allowing them to harness the power of data for meaningful insights and impactful outcomes. Whether it's data analysis, advanced analytics, or machine learning tasks, Twirl can provide a comprehensive solution that covers all aspects of the data workflow, enabling data teams to focus on driving value and achieving their objectives.The Stockholm based startup is at the beginning of its development, at the moment backed by Cocoa Ventures and Creandum with total funding of €2.3 M on board.
BrightHeart
Location: Paris, France
Launch date: 2022
Funding Round: Seed, €2 M
Funding Source: Sofinnova Partners
Total funding received: €2 M
BrightHeart is a medical startup focused on developing artificial intelligence software designed to aid in the diagnosis of congenital heart abnormalities in fetuses. By leveraging advanced AI algorithms, BrightHeart aims to provide healthcare professionals with a powerful tool that can assist in the accurate and early detection of these conditions during prenatal care. BrightHeart is backed by Sofinnova Partners with the raised amount of Seed, €2 M.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase
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