CEE VC SUMMIT 2025

25th of March 8:00 am CET

August 5, 2024·3 min read

Lisa Palchynska

Editor-in-Chief, Vestbee

VC & Startup weekly news from Europe, July 27-August 2, 2024

Notable funding rounds across Europe:

  • London-based women’s health app Flo Health has raised over $200 million in Series C investment from General Atlantic, achieving unicorn status.
  • UK nutrition company Zoe has raised $15 million in a Series B extension. The new investment came from the US-based investment company Coefficient Capital.
  • Vienna-based cost and carbon management platform Tset has raised €12.7 million Series A from Carbon Removal Partners, Brose Ventures, and Ingenics Holding.
  • UK edtech platform Female Invest has secured $11 million in a Series A funding round. The investment was led by Educapital and Rubio Impact Ventures.
  • London-based energy flexibility startup Axle Energy has raised $9 million in a seed funding round led by Accel.
  • Edinburgh-based Shot Scope, which helps golfers improve their on-course strategy, has raised $8.5 million in a Series B funding round led by Guinness Ventures.
  • Barcelona-based e-commerce intelligence platform, Shalionhas secured €5 million from Seaya Ventures. 
  • Hannover-based energy power generation startup MARCLEY has raised €5 million in a seed funding round led by VIRIDA and Venture Stars.
  • Berlin-based Amperecloud, a developer of monitoring solutions for companies that operate in solar and PV sectors, has raised €3.3 million led by Encevo.
  • Swedish biotech Melt&Marble has secured €2.76 million from the EIC Accelerator and the Horizon Europe Framework Programme.
  • Wageningen-based biotech NoPalm Ingredients has secured a €2.5 million funding from EIC Accelerator to scale its operations.
  • Hamburg-based biotech startup Lignopure, which creates biodegradable biopolymers from non-food sources featuring non-cytotoxic, has raised €2.4 million.
  • Venice-based sustainability and data platform illuminem has secured €2 million in a pre-seed funding round. The investment was led by BlackWood.
  • Dutch startup OpusFlow, which provides an all-in-one ERP solution for sustainable installation companies, has secured €1.7 million from Peak Capital.
  • Amsterdam and New York-based property research platform Epum has raised $1.6 million in a pre-seed oversubscribed funding round led by Curiosity VC.
  • UK startup Luminous XR, which helps developers design, build, and deliver immersive XR training content, has raised £1 million from the North East Venture Fund.
  • Lyon-based biotech company Meddenovo that develops an AI-driven drug discovery platform has raised €1 million from ACT Venture Partners.

CEE startup funding rounds & acquisitions:

  • Slovenia's Leanpay, which develops BNPL solutions, has secured €10 million in a Series B round led by BlackPeak Capital, with participation from Catalyst Romania.
  • Vilnius-based mobile banking app Bourgeois Bohème, which provides payment solutions and lifestyle services, has raised €6.5 million.
  • Estonian medtech startup Menken Trials has raised a €1.3 million grant from EAS and Kredex.

New venture capital funds and VCs’ news:

  • London-based VC Kennet Partners, a technology growth equity investor managing over $700 million in assets, has launched its largest fund of €266 million to support B2B SaaS startups across Europe.

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