Notable funding rounds across Europe:
- Spanish small mailbox startup Citibox has raised €80 million in debt funding, led by Growth Credit Partners (London) and CoVenture.
- German-founded robotics navigation software startup Cartken has raised $22.5 million in a round led by 468 Capital.
- Denmark’s Kvantify, which solves computational issues by leveraging the power of quantum and high-performance computing, has secured €10 million in a seed round.
- London-based nature intelligence company Natural Capital Research Limited has secured $10 million in an oversubscribed Series A funding round to scale its product.
- Cologne-based supplier of reusable packaging solutions with software capabilities Vytal has secured €6.2 million in a growth funding round led by Zurich-based Emerald Technology Ventures.
- Austrian carbon offset startup Tree.ly has secured €5 million seed investment led by PortfoLion Capital Partners, with participation from aws Gründungsfonds, Symbia VC, and the Tyrolean Business Angel Network.
- Stockholm-based analytics platform Steep, which provides all collected data to every employee, has raised €4 million led by Connect Ventures.
- Paris-based startup altrove, a climate tech product manufacturer, has raised €3.7 million in a pre-seed round to develop alternatives to critical materials.
- Dublin-based fintech startup CreditLogic, which simplifies the mortgage application procedure, has secured €3.5 million to expand its operations into Europe further.
- Swedish mental health platform Meela, which helps people find their matched therapist, has secured €2.6 million in a seed round to expand in the UK.
- Graz-based Trever, a provider of a state-of-the-art infrastructure for digital assets' management, has raised €2.4 million co-led by TX Ventures and Market One Capital.
- Norwegian startup Versiro that develops software for power producers operating in electricity markets, has raised €2.3 million in a seed round led by Alliance VC.
- French energy transition startup Orus Energy has raised €2.2 million in a round led by b2venture, Asterion Ventures, and Ring Capital.
- ISPTech, a spin-off from the German Aerospace Center, has raised €2 million in a pre-seed funding round. The investment was led by HTGF | High-Tech Gründerfonds.
CEE startup funding rounds & acquisitions:
- Estonian climate tech startup eAgronom has secured €10 million in a Series A2 equity round. The investment came from Swedbank AB, Icos Capital, Soulmates Ventures, and SmartCap Green Fund.
- Estonian VC SmartCap has invested €5 million in Antler Nordic Fund II to support tech startups across the Nordic region, including Sweden, Norway, Denmark, Finland, and Estonia.
- Croatian-founded startup Daytona has secured $5 million in a seed round led by Upfront Ventures, with participation from existing investor 500 Global.
- Serbian-American platform Lupa Technology, which offers data management solutions for the construction sector, has secured $1.8 million to expand into new markets.
- Polish software development startup Moniti, which develops an app to manage deskless teams, has raised over €410,000 from Smartlink Partners and JR Holding.
New venture capital funds and VCs’ news:
- Madrid-based Seaya has raised €300 million for its climate tech fund, Seaya Andromeda. With ticket sizes ranging from €7 million to €40 million, it plans to make 25 investments by 2027, including five more deals this year.
- Swiss VC firm Forestay has closed its second fund, Forestay Capital II, securing $220 million in commitments. It will invest in Enterprise AI and SaaS companies.
- Spanish VC Abac Nest Ventures has launched a €20 million fund, Abac Nest II, to support early-stage software startups, focusing on finance, AI, digital health, and consumer sectors.
- Budapest-based multi-vertical VC Nesprit has launched an €750,000 early-stage micro fund to invest in climate tech, water tech, foodtech, and IIoT startups across CEE.
Startup calls & Events:
- AWS and Anthropic GenAI Scale Program
AWS and Anthropic GenAI Scale Program is a 2 -week virtual and equity-free program for EMEA startups wanting to build generative AI applications with the support of experts from AWS and Anthropic. You will learn from top engineers at both Anthropic and AWS, and complete the program prepared to launch a generative AI application.
Applications are open until July 9, 2024, here.
Applications are open for Batch 7 of the 500 Global Accelerator Program in Eurasia. The program offers personalized mentorship, funding opportunities, and access to a global community of experts and founders across multiple verticals. If you’re looking to grow your company faster with funds, mentorship, and a powerful network, this is your chance! Deadline to apply: July 26, 2024.
Curious to know more? Join the Information Session on July 10, 2024, with Pedro Santos Vieira, Partner at 500 Global. Sign up here.
Rubik Garage Accelerator 2024 invites applying for its equity-free and no-fee accelerator for early-stage startups in Central and South-East Europe. The program is for projects looking to grow their MRR, raise an investment round, or launch into a new European market.
Rubik Garage Accelerator 2024 runs from September 17 to November 28, 2024, in a hybrid format and offers over 60 hours of practical workshops, one-on-one feedback sessions, investor meetings, peer-to-peer learning, coaching, and tailored support. Startups will have the opportunity to gain access to a network and over $50,000 in support packages, discounts, and perks. Apply by September 3, 2024, here.
