Notable funding rounds across the EU:
- Dutch developer of smart grind management system tibo energy has raised €3 million in a seed round led by Amsterdam-based SET Ventures. Austrian Speedinvest, together with the startup’s founding team, participated.
- German real estate value management platform einwert has raised over €4 million in a round led by Ventech. The existing investors 468 Capital, Wecken & Cie, Auxxo Female Catalyst Fund, and Infinitas Capital also participated.
- Spanish nanosatellite company Sateliot has closed a €6 million funding round from Banco Santander.
- Swiss fintech Rivero has secured a $7 million Series A round led by 6 Degrees Capital and Inference Partners, with participation from Kraken Ventures, Seed X Liechtenstein, angel investors.
- Italian biotech firm Mogu has secured €11 million in Series A. CDP Venture Capital and ECBF VC co-led the funding, Kering Ventures and Progress Tech Transfer joined.
- Milan-based startup Contents.com has raised $18 million Series B investment. Investors include Synergo Capital, Azimut Digitech Fund, Invictus Capital, and Thomson Reuters Ventures.
- Tier Mobility and Dott have announced a merger. The deal is backed by existing investors Mubadala Capital and Sofina with M&G, Prosus Ventures, Novator, Estari, and White Star Capital with €60 million.
- The car subscription provider FINN has closed its Series C equity funding round of €100 million. The round was led by Planet First Partners, with participation from existing investors.
- Dutch online grocery store Picnic raised €355 million. Investors include Germany’s largest supermarket group, Edeka, and The Bill and Melinda Gates Foundation Trust.
New venture funds:
- Belgian angel investment group Syndicate One has completed an initial €4.8 million close of its debut fund, with more than 70 investors joined. The second closed is planned for early 2024.
CEE startup funding rounds & acquisitions:
- Ukrainian CloudAvocado that develops a solution for AWS clients has closed a $50,000 pre-seed round from venture capital firm ZAS Ventures.
- Georgian startup Wempler has secured a $330,000 pre-seed investment led by Czech Presto Ventures. $110,000 came from the angel investors.
- Tar Heel Capital Pathfinder, EKIPA Investment and a private investor have backed Multilango.com with almost €400,000. Polish startup develops a platform enabling employers to offer foreign language learning as an employee benefit.
- Estonian basketball fan engagement platform Scorestars has secured €725,000 in a seed round co-led by Trind VC, Startup Wise Guys, 3 Comma Capital.
- Sofia-based startup Swipe.bg specializing in the buying and selling of used smartphones, secured €1.4 million from Vitosha Venture Partners and NV3.
- Polish biotech Bioceltix has got over €2.5 million under the European Funds for a Modern Economy program of National Research and Development Center.
- Riga-based robotic technology company Aerones has gained over €4 million in grant from EU Innovation Fund for wind turbine blade leading edge repair robot sets producing and deployment.
- Bulgarian biotech Nasekomo has raised €8 million in a Series A round, led by private equity fund Invenio Partners and private investors.
- Slovak Luigi’s Box, a developer of an intelligent product search and recommendations system for e-retailers, has acquired Persoo, its Czech competitor. The deal is valued in several millions.
- Zendesk has acquired Tallinn-based Klaus, an AI-powered quality management platform. The amount of the deal is undisclosed.
Startup calls:
- The ReaktorX startup accelerator has initiated a call for Central Eastern European companies to apply for the next batch of its program. The program offers €25,000 in funding, along with €75,000 in discounts/credits (AWS, Stripe, and other ReaktorX partners). Participants will also gain access to the accelerator's network and receive mentoring support. The application period is open until the 20th of January.
Related Posts:
VC & Startup Weekly News 16 December, 2023 - 5 January, 2024 (by Sofia Drobychevskaya, Editor, Vestbee)
VC & Startup Weekly News 9-15 December, 2023 (by Sofia Drobychevskaya, Editor, Vestbee)
VC & Startup Weekly News 2-8 December, 2023 (by Sofia Drobychevskaya, Editor, Vestbee)
