CEE VC SUMMIT 2025

25th of March 8:00 am CET

September 30, 2024·3 min read

Lisa Palchynska

Editor-in-Chief, Vestbee

VC & Startup weekly news from Europe, September 21-27, 2024

Notable funding rounds across Europe:

  • German healthtech EGYM has raised $200 million in growth capital from L Catterton, pushing its valuation to over $1 billion.
  • Munich’s Quantum Systems has completed an additional Series B funding round, closing it at €100 million. The new lead investors are Notion Capital and Porsche SE.
  • Berlin-based ground transportation marketplace Distribusion has raised $80 million Series C round led by TQ Ventures, with participation from Lightrock. 
  • London’s productivity software company Raycast has raised a $30 million Series B round. Atomico led the funding.
  • UK simulation startup Vsim has raised $21.5 million in a seed round led by EQT Ventures. Factorial Fund, Samsung Next, Concept Ventures, Lakestar Scout Fund, also participated.
  • Finnish startup Distance Technologies, which has created the first glasses-free mixed reality solution, has secured €10 million in a seed round led by Google Ventures.
  • Oslo-based property management platform Findable has secured €9 million in a Series A funding round led by Christoph Janz from Point Nine.
  • London-based checkout-as-a-service platform Simpler has raised €9 million in a pre-Series A round from VentureFriends, MMC Ventures, and Lamda Development.
  • German startup Syte, which develops an AI platform to optimize building stock analysis for construction and energy potential, has secured a €5 million seed round. 
  • Paris-based edtechl La Solive, which offers practical training in energy renovation professions, has secured €4 million in a Series A funding round led by Partech.
  • London’s fintech Desia, which provides AI-driven solutions for productivity, automation, and analytics, has raised $3.3 million in a round led by Dig Ventures.
  • Berlin-based healthtech startup Noah Labs has secured €3 million in equity and grant funding in a round led by Nina Capital.
  • German healthtech startup exakt health, which offers an app providing customized therapy plans for sports injury recovery, has secured €2.2 million in a seed round. 
  • London’s AI-powered platform Ambr, which helps identify and address the root causes of employee stress, has secured €1.1 million in a round led by Fuel Ventures.
  • Berlin’s EV charging marketplace Cariqa has secured a €1 million pre-seed funding. Investors include Techstars, Golden Egg Check, and Plug and Play Tech Center.

CEE startup funding rounds & acquisitions:

  • Vilnius-based car parts platform Ovoko, which connects buyers with used car parts, has raised €20 million in a Series B funding round led by Smash Capital. 
  • Tallinn-based cross-border finance platform Mifundo has received €10 million, including a €1.2 million pre-seed round led by Tera Ventures and an €8.8 million  from the EIC Accelerator.
  • Tallinn-based biotech startup ÄIO has secured €6.1 million. The funding was provided by Voima Ventures, 2C Ventures, SmartCap, and Nordic Foodtech VC.
  • Polish startup Pergamin, which automates contract management in companies, has raised $3 million to scale its platform globally. The proceeds came from OnDean Forward. 
  • Riga’s platform Mintos, which offers alternative and traditional investment opportunities for long-term investors, has raised €2 million in debt funding from FlyCap. 
  • Bucharest-based edtech startup Youni has raised €900,000 in a seed funding round led by Soulmates Ventures, with participation from Early Game Ventures.
  • Estonian patient relationship and clinical data management platform Certific has raised €700,000 from FIRSTPICK, Change Ventures, and HEARTFELT_VC.

New venture capital funds and VCs’ news:

  • Bilbao-based VC Acurio Ventures, formerly known as All Iron Ventures, has raised €150 million for Acurio Ventures III. This fund aims to support around 50 early-stage European startups, primarily in seed and Series A rounds.
  • Prague-based PurposeTech, a venture capital firm that supports Central and Eastern European founders, has closed its oversubscribed first pre-seed venture capital fund aimed at health, sustainability, and education startups across the region.
News#Funding#Fundraising

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