Notable funding rounds across Europe:
- German grocery delivery startup Flink has secured $150 million from both new and existing investors, including BOND, Northzone, and supermarket chain REWE.
- French machine learning-powered insurance pricing and reserving platform Akur8 has secured $120 million in a Series C round led by One Peak.
- Swiss Neo Medical secures $68 million in a Series B financing to accelerate global growth in spine surgery. The round was led by Gyrus Capital.
- German DeepDrive, a high-tech electric motor company, has raised a €30 million Series B funding round. The round was led by Leitmotif.
- French provider of real-time robot guidance solutions Inbolt has secured a €15 million Series A round led by Exor Ventures.
- French digital platform for sharing operational business practices Wegrow has raised €7 million in a Series A funding round led by Nauta.
- Paris-based deeptech startup Samp, which develops an AI-generated digital twin solution that continuously monitors sensitive industrial sites, has secured €6 million.
- UK startup Aquark Technologies, which develops a matchbox-sized, plug-and-play device to bring quantum technologies into everyday use, has secured €5 million in a seed funding round led by the NATO Innovation Fund.
- Finnish startup QMill, which develops quantum algorithms to solve optimization problems for industrial applications, has secured a €4 million funding led by Maki.vc.
- Toulouse-based Bohr Energie, specializing in optimizing energy assets in European power markets, has secured €4 million in a seed round led by Varsity.
- Danish Scandinavian Biolabs, a personal care product manufacturing startup, has raised €4 million in a round led by Auréa Group.
- Vienna-based ContextSDK, which uses real-world user context and machine learning to deliver personalized notifications and content, has secured $4 million in a seed round led by Speedinvest.
- Berlin-based music tech startup Sirius has secured $4 million in a seed funding round led by Market One Capital.
- German VidLab7, which uses AI to transform sales processes, has secured €3.5 million in a seed funding round led by EQT Ventures.
- French healthcare startup Jinko, which supports people affected by cancer through a personalized care service, has raised €2 million in a round led by 360 Capital.
- London-based traveltech startup Turneo has raised €2 million in a seed round led by Bessemer Venture Partners.
- Grenoble-based My Digital Buildings, which specializes in creating and utilizing spatial building data, has raised €2 million in a seed funding round.
CEE startup funding rounds & acquisitions:
- Bulgarian Security Smart Systems, a developer and manufacturer of electronics and electromechanical products, has secured €8 million from BlackPeak Capital.
- Vilnius-based geospatial data-collection startup AISPECO has raised €1.45 million from NGL, Innovestor, and Superhero Capital.
- Polish-founded AI math tutor Stimy AI has secured $337,000 in a pre-seed funding round. Investors include Simpact Ventures and AIP Seed.
New venture capital funds and VCs’ news:
- San Francisco-based VC Headline has closed an $865 million growth fund to support later-stage tech startups in scaling and expanding globally. The firm invests between $1 million and $50 million in companies worldwide.
- Polish fund investor PFR Ventures has invested €47 million (PLN 200 million) in four early-stage VC funds: 24Ventures, Digital Ocean Ventures Starter, Hard2beat, and Tar Heel Capital Pathfinder.
Startup calls & Events:
The AFS Annual Summit will be held on October 15, 2024, in Brussels' EU Quarter. The event will bring together member organizations, entrepreneurs, startup founders, policymakers, and industry experts to discuss key topics such as digital trends, entrepreneurship, and relevant legislation. This year's agenda includes panels on AI scaling businesses, and competition policies.
You can register for the event here.
In addition to marking the 10th anniversary of Allied For Startups, the summit will introduce Serena Borbotti-Frison, the new Director General, who will share her vision for the organization's future. The event is open to the public.
