CEE VC SUMMIT 2025

25th of March 8:00 am CET

July 29, 2024·3 min read

Lisa Palchynska

Editor-in-Chief, Vestbee

VC & Startup weekly news from Europe, July 20-26, 2024

Notable funding rounds across Europe:

  • Sokin, a London-based international payments fintech, has raised $31 million. Investors include Morgan Stanley Expansion Capital and Aurum Partners.
  • German Sdui acquired Austrian-based FoxEducation and raised €21 million in a Series A funding round. The investment was led by Summiteer and HV Capital.
  • UK AI chip company Fractile has raised $15 million in seed funding led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises.
  • UK startup Passionfruit, which provides pre-vetted, high-quality marketing specialists to enhance firms' teams, has secured $9 million in Series A funding. 
  • Austrian heat pump company ecop has been awarded €8.5 million in funding from the European Innovation Council (EIC) Accelerator. 
  • Stockholm-based energy management tool Greenely has raised €8 million in a Series A funding round led by Belgian investment company Korys.
  • London-based digital platform Primary Portal, which enhances and digitalizes equity capital market processes for banks and asset managers, has secured £7.5 million.
  • Berlin-based Meisterwerk, which develops a platform for craft businesses, has secured €6 million in a Series A funding round led by Semapa Next.
  • Barcelona-based financial wellness app Payflow, which helps employees get paid and access flexible benefits, has secured €6 million in an equity fundraising round.
  • Dutch biotech startup NoPalm Ingredients has raised €5 million in a seed round led by Rubio Impact Ventures.
  • Copenhagen-based agtech startup Agrobiomics has raised €4 million in a seed round from NOON Ventures.
  • London-based biotech company Entocycle, which provides insect farming technology, has raised $2.6 million. 
  • Zurich-based network observability platform NetFabric.ai has secured $2.2 million in a pre-seed funding round to revolutionize network monitoring.
  • Spanish social networking platform Sqill, which collaborates with social teams to enhance their content creation, has raised €2 million to expand in the US.
  • Berlin-based training app TRAIT has raised €1 million in a seed funding round. Investors include High-Tech Gründerfonds and business angels from better ventures
  • Granada-based sports and fitness management platform FitnessKP has secured €1 million in a funding round led by Angels Capital.

CEE startup funding rounds & acquisitions:

  • Krakow-based martech startup Digital First AI has raised €3.5 million led by 4growth VC, with participation from Plug&Play Tech Center, Sher Ventures, and Hub71. 
  • Ukrainian-founded AI startup Assisterr, which offers a community-owned alternative to the AI monopoly in big tech, has secured $1.7 million in a pre-seed funding round.
  • Romanian AI startup CogniSync, which aims to optimize workflows for companies and teams, has secured a €1 million pre-seed funding from Early Game Ventures.
  • Polish sports e-commerce platform Sportano has raised funds from bValue Growth. The amount of the deal is undisclosed, but the fund usually invests €5-15 million. 
  • Czech RobosizeME has secured a seed funding from BrightCap Ventures, marking the fund's first investment from the €60 million Fund II. 

New venture capital funds and VCs’ news:

  • Budapest-based VC Lead Ventures has launched a €100 million fund to support CEE startups in late seed and Series A rounds. 
  • Berlin-based early-stage venture capital firm Join Capital, focused on deeptech investments across industrial and enterprise tech, has secured funds from the NATO Innovation Fund. 

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