This summary is generated by an algorithm. If you find any mistakes, let us know.

Europe Pharmaceuticals

GH Research Closes $125M Series B Financing

– GH Research Ireland Ltd is a Dublin, Ireland-based clinical-stage biopharmaceutical company.
– The company closed a $125m Series B funding.
– The round was co-led by RA Capital and RTW Investments, LP, with participation from existing investor BVF Partners, and new backers Acuta Capital Partners, Boxer Capital, Cormorant Asset Management, Deerfield Management Company, Logos Capital, Surveyor Capital (a Citadel company), Venrock Healthcare Capital Partners and Verition Fund Management.

Europe Hospitality

Bob W, the ‘tech-driven’ hospitality provider, raises €10M in seed funding

– Bob W, a tech-driven hospitality provider, raised €10m in seed funding.
– The round was led by byFounders VC and private equity firm Finnish Industry Investment (Tesi).
– Other European real estate and venture capitalist investors participating include Kaamos, Superangel, United Angels and NREP (via its anchor investment into the 2150 venture capital fund, which promises to back sustainable urban technologies).
– The company plans to open properties in London.

Europe Health Care Medical

Oxford Endovascular Raises $10M in Funding

– Oxford Endovascular from Oxford develops a micro stent to treat brain aneurysms.
– The company raised $10m in series A funding round.
– The round was led by new investors Vulpes Investment Management, who joined to lead the round and funds from the Additio Investment Group.
– Existing investors Oxford Sciences Innovation PLC, Parkwalk Advisors, Perivoli Innovations, Oxford Investment Consultants, the University of Oxford and private individuals also followed on.

Europe Sustainability

Clim8 raises $8M from 7pc Ventures, launches climate-focused investing app for retail investors

– Clim8 Invest, a new U.K. startup, raised $8m in funding.
– The round was led by 7pc Ventures (early backers of Oculus, acquired by Facebook), British Business Bank Future Fund and a number of technology entrepreneurs and executives including Marcus Exall (Monese), Marcus Mosen (N26), Paul Willmott (Lego Digital, McKinsey), Doug Scott (Redbrain), Matt Wilkins (Thought Machine), Andrew Cocker (Skyscanner), Steve Thomson (Redbrain), Monica Kalia (Neyber, Goldman Sachs), Doug Monro (Adzuna) and Erik Nygard (Limejump).
– The startup will take advantage of new, higher EU rules around the disclosure requirements for sustainable investment funds.

Beauty Europe Health Care

Pai Skincare Raises £6.4M in Series B Funding

– Pai Skincare from London UK, is a brand of organic skincare.
– The company raised £6.4m in Series B funding.
– The round was led by Famille C Venture, a private investment firm of the Courtin-Clarins family, founder and owner of the Clarins Group. Prisca Courtin-Clarins, Founder and CEO of Famille C Venture, will join the Pai board. CAPInvest, the family office which invested in Pai’s Series A in 2017, stays on as an investor and board member.

Biopharma Europe Health Care Pharmaceutical

Maxwellia Raises £3.2M in Funding

– Maxwellia is an Alderley Park, UK-based self-care company.
– The company raised £3.2m in funding led by Praetura Ventures with participation from the Future Fund, Catapult Ventures, Alderley Park Ventures and Biocity along with individual and angel investors.
– The new investment will be used to scale up the manufacture and rollout of drugs following MHRA approval.
– Maxwellia’s chief executive Anna Maxwell is a pharmacist with over 20 years’ experience.

Europe Wireless

Nestwave Secures €2.4M Financing Round

– Nestwave is a Paris, France-based provider of low-power geolocation IP and cloud services for Internet of Things (IoT) applications.
– The company secured a €2.4m round of financing.
– Backers included the European Innovation Council, the European Commission’s newly established venture capital fund, and current investors Sofimac Innovation (Paris, France) and The Faktory Fund (Liege, Belgium).
– The new investment will be used to further accelerate the rollout of its hybrid-signal global navigation satellite system (GNSS) and cellular positioning technologies.

Europe Medical Device

Imageens Raises €1.2M in Seed Financing

– Imageens, a Paris, France-based medical Artificial Intelligence (AI) startup developing software solutions for the analysis of medical images, raised €1.2M in seed financing.
– The round was led by Anaxago, with participation from BADGE (Business Angels des Grandes Ecoles), COALESCENCE, and existing investors.

Europe Poker Platform

Consensys Project Virtue Poker Completes Strategic Investment Round of $5m

– Virtue Poker, a multi-chain, Ethereum-based decentralized poker platform has now completed a strategic investment round of $5m.
Poker Hall of Famer Phil Ivey is a stakeholder as well as a public spokesperson for the company.
– The funds raised will be used to bootstrap Virtue Poker’s mainnet launch, which is scheduled for May 2021.
– The company can now legally operate and compete in most global markets worldwide to deliver the promise of fair playing and transparency to mainstream adoption.

Biotechnology Europe Medical Pharmaceutical

Alchemab Therapeutics Raises £60M in Series A Financing

– Alchemab Therapeutics from Cambridge, England, UK develops a platform that enables the identification of novel drug targets and therapeutics on the basis of patient B-cell antibody repertoires.
– The company raised £60m in Series A funding.
– The round was led by RA Capital Management, with participation from Lightstone Ventures, Data Collective VC (DCVC), DHVC, SV Health Investors and the Dementia Discovery Fund.
– The new investment will be used to advance the company’s target-agnostic drug discovery platform.

E-Commerce Europe Internet Tourism

eola Raises $2.8M in Funding

– eola is a London, UK-based operating system for experience providers.
– The company raised $2.8m in Series A funding.
– The round was led by Pentech Ventures, with participation from Techstars and leaders in travel and technology.
– The new investment will be used to expand the company’s technology, team and commercial presence.

Apps Career Planning College Recruiting EdTech Education Europe Recruiting

Springpod Raises £2.25M in Series A Funding

– Springpod is a London and Liverpool, UK-based careers network that connects young people with employers & education providers.
– Company raised £2.25M in Series A funding.
– The round was led by Triple Point, Cass Entrepreneurship Fund and Alliance Fund Managers, MSIF‘s fund management subsidiary, alongside participation from existing investors.
– The new investment will be used to launch its platform in new international territories.

E-Learning EdTech Education Europe Internet Language Learning Online Portals

Lingoda Announces $68 Million Growth Equity Investment From Summit Partners

– Lingoda announced it has raised $68m in growth equity led by global growth investor Summit Partners, with participation from existing investor Conny Boersch, founder of Mountain Partners, which first invested in Lingoda in 2015.
– The new funding will support Lingoda’s expansion in new markets; further enhance the company’s live classroom experiences, and accelerate the company’s already robust growth.
– Including this latest round of funding, Lingoda has raised more than $83m since 2013. Previous recent rounds were led by investor Grazia Equity, which has played a key role in the company’s growth journey to date.
– Lingoda is a leading online language school offering live small group and private classes available 24/7 in four languages – English, German, French and Spanish.

Analytics Big Data Business Intelligence Data Integration Europe Machine Learning SaaS Software Raises $1.5M in First Funding

– from London develops a data processing platform for data analysts to speed up the time to insight within scale-ups.
– The company raised $1.5m in first funding round.
– The round was led by Episode 1 with participation from Superseed and angel investors.
– The new investment will be used to expand the team, deliver the product road map (including support for Microsoft’s Azure Synapse Analytics and Google’s BigQuery), and to grow its wide array of data connectors.

E-Commerce Europe Rental Sharing Economy Subscription Service

Grover Raises €60M in Series B Funding

– Grover is a Berlin, Germany-based provider of consumer tech subscription solutions.
– Company secured €60m in Series B funding.
– New investors in the round were led by Jonathan Schneider at private equity firm JMS Capital-Everglen, with participation from Viola Fintech, Assurant Ventures, as well as a number of founders and angel investors from Europe and North America.
– Existing investors coparion, Augmentum Fintech, Circularity Capital, Seedcamp and Samsung Next also invested in the round, amongst others.
– The company intends to use the funds to increase market penetration, advance product innovation and accelerate international expansion.

Biotechnology Europe Medical

Olgram Raises €1.5M in Seed Funding

– Olgram Raises €1.5M in Seed Funding.
– The company is developing marine molecules for the prevention and control of bacterial infections.
– Olgram has 2 product candidates targeting infections.
– The company will first focus its efforts on cystic fibrosis, an orphan disease in which 35% of patients suffer from chronic Pseudomonas aeruginosa infections in adulthood (a pathogenic bacterium) leading to their premature death.
– In a second phase, the company will target nosocomial infections in immunocompromised patients after head trauma.

Europe Internet

Hotmart Company Raises US$130M in Series C Funding

– Hotmart Company, an Amsterdam, The Netherlands-based provider of a cloud-based platform for creators to build, run, manage, and grow their digital businesses, raised US$130m in Series C funding.
– The round was led by TCV with participation from Alkeon Capital.
– The company intends to use the funds for growth initiatives including product innovation and international expansion, both organically and through mergers and acquisitions.
– This financing comes as Hotmart continues to experience significant growth and advances in its international expansion strategy.

Drones Europe Law Enforcement Public Safety Robotics Security

Elistair, The Pioneer in Tethered UAVs, Announces a €5M Series B Round to Accelerate Its International Expansion

– Elistair, a market leader in tethered drones, has raised €5M from Omnes and Starquest Capital, its historic investor.
– This Series B round follows an initial €2M funding round in 2018.
– Elistair counts national security and defense organizations amongst its customers, offering them two patented product ranges: an automated tethered drone: Orion 2 and tether stations capable of transforming free-flying drones into tethered drones.
– The Orion 2 drone acts as an aerial reconnaissance mast, substantially increasing the field of vision of operating forces and reducing vulnerable entry points.
– They are also used to deploy tactical communication networks, greatly increasing the range and coverage of military radios.

Europe Mobile Apps Productivity Tools Software

Collaborative iOS app Craft Docs secures $8M, led by Creandum and a ‘Skyscanner Mafia’

– Craft Docs, a collaborative document app, raised $8m in Series A funding.
– The round was led by Creandum and joined by InReach Ventures, and other investors.
– Craft Docs is available on iOS, iPadOS and MacOS.
– The company plans to launch APIs, extended integrations and a browser-based editor in 2021.

Cloud Data Services Content Syndication Data Integration Digital Marketing E-Commerce E-Commerce Platforms Europe Information Technology Marketing Marketing Automation Retail Technology SaaS Software

Productsup Closes $20M Funding Round

– Productsup from Berlin provides an ecommerce data integration solutions that allows brands and retailers to optimize and syndicate their product content to all digital marketing, shopping and business channels, such as Google, Amazon, Facebook, or Walmart.
– The company raised $20m in funding.
– The round was led by Nordwind Capital and venture debt providers Deutsche Handelsbank and KfW with participation from Moritz Zimmermann, co-founder of Hybris and partner at 42Cap, and the co-founders of Contorion, Richard Schwenke and Tobias Tschötsch.

Europe Real Estate

Nested, the UK-based ‘modern’ estate agent, raises additional £5M to improve the home-selling experience

– Nested, a proptech startup, raised £5m funding.
– The round was led by Axel Springer and joined by previous investors Balderton Capital and Northzone.
– The company plans to launch an additional 30 areas over the next 18 months, as well as moving outside London for the first time.

Europe Internet

Zapp, the on-demand delivery and ‘dark’ store operator, picks up backing from Lightspeed and Atomico

– Zapp, a vertical or “dark store” startup, raised a new round of funding.
– The round was led by Lightspeed and Atomico, and joined by 468 Capital, Burda, and notable angels.
– Zapp operates a vertical or “dark store” model, seeing it set up its own micro fulfillment centers.
– It has locations in London already: Kensington, Chelsea, Fulham, Notting Hill, Hammersmith, Shepherd’s Bush, Shoreditch, Islington and Angel.
– Zapp also emphasises sustainability and utilises an all-electric fleet.

E-Commerce Europe Fashion Internet Marketplace Retail

Otrium raises $120 million for its end-of-season fashion marketplace

– Otrium, a fashion e-commerce startup, raised $120m funding.
– The round was led by BOND and Index Ventures and joined by Eight Roads Ventures.
– Otrium is currently available in Europe.
– The company plans to use the funding to expand its business in Europe.

Europe Internet of Things Satellite Communication Telecommunications

IoT satellite network startup Hiber secures €26M in funding round led by EU’s innovation agency

– European satellite and communications startup Hiber BV secured €26m in funding.
– The funding comes from the European Innovation Council Fund (EIC Fund), the EU’s innovation agency, which has a €278m Innovation Fund.
– The EIC co-invested with an innovation credit provided by the Dutch government and existing shareholders.
– Other investors include Finch Capital, Netherlands Enterprise Agency and Hartenlust Group.
– Hiber’s satellite constellation tracks and monitors machines and devices in harder-to-reach places.
– Co-founder of Hiber Laurens Groenendijk is to step aside as managing director to turn his attention to “other investment initiatives”.

Apps Continuing Education EdTech Education Europe

GoStudent Raises €70M in Series B Funding

– GoStudent, a Vienna, Austria-based edtech company, raised €70m in Series B funding.
– The round was led by Coatue with participation from existing investors Leftlane Capital and DN Capital.
– The new investment will be used to advance the presence in tutoring markets such as France, Spain, Italy, the UK, and Ireland with Turkey and Greece to be launched in the first half of 2021 amongst other countries.
– Over the past months, the company has expanded its team to +300 employees and opened up new offices in Lyon, London, Madrid, Dusseldorf, Berlin and Milan.
– New offices in Athens, Istanbul and Amsterdam will be opened in the second quarter of 2021.

Delivery Delivery Service E-Commerce Europe Grocery Same Day Delivery

Everli, the European marketplace for online grocery shopping, bags $100M Series C

– European online grocery shopping marketplace Everli raised $100m in Series C funding.
– The round was led by Verlinvest and joined by Luxor, DN Capital, C4 Ventures and Convivialité Ventures, FITEC (part of Fondo Italiano d’Investimento), 360 Capital, Innogest and DIP.
– The company plans to use the injection of capital to accelerate growth and further expand its international footprint.

Battery Energy Storage Europe Renewable Energy

betteries Raises €2.1M in Seed Funding

– betteries, a Berlin, Germany-based profit for impact startup, closed its €2.1m seed funding.
– The round was led by impact funds Factor[e] Ventures and Beyond Black with participation from Munich-based family office ISAR AG, an undisclosed French family office as well as existing shareholders.
– The company intends to use the funds to refine its business model, serve more customers in developed economies and frontier markets, get its first two products – the betterPack and the betterGen – launched into the market in 2021 and kick-start the development of the betterStore.

Business Information Systems Collaboration Europe Human Resources Information Technology

Intranet startup Staffbase raises $145M in growth round led by General Atlantic

– Staffbase, a provider of an intranet-style internal communications platform, raised $145m funding.
– The round was led by General Atlantic and joined by existing investors Insight Partners and
– The company has managed to onboard more than 1,000 clients, including Adidas, Audi, BHP, Deutsche Post DHL, Groupon, Hitachi, Ikea, Johns Hopkins University, McKesson, Paulaner, Suncor, Viessmann and Volvo.
– The company merged with Bananatag, the Canadian provider of internal communications solutions in early March this year.

Artificial Intelligence Biotechnology Consumer Electronics Europe Medical Device

INBRAIN Neuroelectronics Secures $17 Million in Series A Funding for First AI-Powered Graphene-Brain Interface

– INBRAIN Neuroelectronics S.L. announced $16.8m in Series A funding for its disruptive system for treating epilepsy and Parkinson’s disease.
– The investment was co-led by Asabys Partners and Alta Life Sciences and joined by Vsquared Ventures and TruVenturo GmbH.
– The funding will be used to advance INBRAIN’s first-in-human clinical program, aiming to establish the safety of graphene as the new standard of care for neurotechnology devices.
– INBRAIN’s technology harnesses the power of graphene, a two-dimensional material first isolated in 2004 made of a lattice of carbon atoms only one atom thick.

E-Commerce Europe Finance Leisure Retail Retail Technology Tourism Travel

Butter Closes £15.8M Funding Round

– Butter is a London, UK-based fintech platform creating a Buy Now Pay Later (BNPL) travel agency.
– Company raised £15.8m in funding.
– The round was led by BCI Finance, the credit arm of London based venture builder Blenheim Chalcot, as well as a number of other private angel investors.
– The new investment will be used to accelerate the rollout of Butter’s open-banking based BNPL shopping app.

Europe Health Care Men's Wellness

Manual Secures $30M in Series A Funding

– Manual from London develops a platform to help men with their health and wellbeing.
– The company raised $30m in Series A funding.
– Backers included Sonoma Brands, Felix Capital and Cherry Ventures, Waldencast, Gisev and FJ Labs.
– The company intends to use the funds for product development, international expansion across Europe, Asia and Latin America, and hiring of talent.
– In the last 12 months, Manual has quadruplied its revenue and expanded from the UK to Brazil, with a team of only 30 people.

Biotechnology Commercial Europe Industrial Renewable Energy

Pili Raises €4M in Funding

– Pili is a Toulouse, France-based startup that came out of the IndieBio program and makes sustainable pigments and dies.
– The company raised €4m in funding.
– Backers in the round included Elaia, SOSV and additional investors.
– The company intends to use the funds to help scaling up the production of biobased pigments and testing them in industrial ink and paint formulations.

Apps Communities Consumer Europe

YoungPlanet Raises £547.1K in Crowdfunding

– YoungPlanet Raises £547.1K in Crowdfunding
– The company intends to use the funds to accelerate national expansion, to enhance functionality and add key features such as gamification and integrated postage.
– The company is valued at £6.5 million pre-money.

CleanTech Data Visualization Europe Hardware Internet of Things Smart Cities

Airly Raises $3.3M in Funding

– Airly, Inc. is a Palo Alto, CA-based cleantech company providing ultra-local, accurate, predictive air quality data to help tackle air pollution globally.
– The company raised $3.3m in funding.
– The round was led by firstminute capital, with partcipation from Uber founder Garrett Camp via Expa, Bolt CEO Markus Villig, founding Editor-in-Chief of WIRED David Rowan, Pipedrive founder Ragnar Sass and Ferry Heilemann, co-founder of Leaders for Climate Action and previous investors, including Sir Richard Branson Family Office and Henkel board member Konstantin von Unger.

Biotechnology Europe

Leyden Labs Secures €40M in Series A Funding

– Leyden Labs B.V. from Amsterdam develops a platform that targets commonalities of viral families to protect humanity from known and future viruses.
– Series A €40M round was led by GV (formerly Google Ventures), with participation from F-Prime Capital, Casdin Capital, LLC and Brook Byers.
– The company intends to use the funds to further develop the platform and portfolio of product candidates and to build out the team.

Biotechnology Europe Health Care Therapeutics

Gyroscope Therapeutics Raises $148M in Series C Financing

– Gyroscope Therapeutics from London develops a gene therapy for various eye diseases.
– The company raised $148m in Series C funding.
– The round was led by Forbion’s Growth Opportunities Fund and includes Sofinnova Investments, funds and accounts advised by T. Rowe Price Associates, Inc., Tetragon Financial Group Limited, an undisclosed healthcare focused fund, Fosun Pharma, Cambridge Innovation Capital and founding investor Syncona.
– The company also announced the appointments of Wouter Joustra, General Partner, Forbion and Maha Katabi, General Partner, Sofinnova to the Gyroscope Board of Directors.

Big Data Europe Leisure Social Media Social Network Sports

Fishbrain Raises $31M in Funding

– Fishbrain is a Stockholm, Sweden-based sport fishing app, social network, and digital marketplace.
– The company raised $31m in funding.
– Backers included Consensus Småbolagsfond and Adrigo Asset Management, as well as all main existing shareholders, including B Capital Group and SoftBank Ventures Asia.
– The company will use the funding to continue to scale its user base, solidify its position in Sweden and Norway, strengthen its engineering, product, marketing, and sales teams at its HQ and product hub in Stockholm, as well as through hiring in the US and throughout Europe.

Europe Mobile Mobile Apps

Osu Raises £2.25M in Seed Funding

– Osu, a London, UK-based provider of a payment app for UK’s self-employed, raised £2.25m in seed funding.
– The round was led by Creandum plus Ada Ventures, Breega and angel investors including Charles Delingpole, Will Neale and Michael Pennington.
– The company intends to use the funds to expand its business reach and introduce new business management features over the coming months to further simplify operations for the self-employed.

Banking Data Integration Europe Financial Services FinTech Software

Digital banking solutions provider Meniga closes additional €10M investment

– Meniga, a London fintech that provides digital banking technology to leading banks, has closed €10m in additional funding.
– The round is led by Velocity Capital and Frumtak Ventures.
– Also participating are Industrifonden, the U.K. Government’s Future Fund and existing customers UniCredit, Swedbank, Groupe BPCE and Íslandsbanki.
– The funding will be used for continued investment in R&D, and in particular further development of green banking products — building on its carbon spending insights product.
– In addition, the fintech will bolster its sales and service teams.

Delivery E-Commerce Europe Grocery

Gorillas, the on-demand grocery delivery startup, raises $290M and ‘surpasses’ $1B valuation

– Gorillas, a Berlin-HQ’d startup that promises to let you order groceries and other “every day” items for delivery in as little as 10 minutes, has raised $290m in Series B funding.
– The round was led by Coatue Management, DST Global and Tencent, with participation from Green Oaks, Fifth Wall and Dragoneer. Previous backer Atlantic Food Labs also followed on.
– Gorillas CEO and co-founder Kağan Sümer tells TechCrunch the round is “100% equity” (i.e. without a debt component). Asked if it includes any secondary funding — seeing existing shareholders liquidate a portion of their shares — Gorillas declined to comment.

Europe Fitness Sports

Magenta Partners leads $6 million investment round for home-fitness platform, Motosumo

Magenta Partners led a major Series A funding round for Motosumo, a fast-growing at-home indoor cycling platform offering live, interactive classes from any bike.
– Magenta led the funding round with the participation from existing investors.
– Motosumo is the only platform of its kind that is hardware agnostic, which presents significant opportunities for growth across borders.
– Motosumo’s innovative tech means that users can join the platform from home, using any bike and a mobile phone or tablet.
– Motosumo delivers an affordable alternative to the range of expensive market participants that require consumers to purchase equipment and wait weeks for delivery to get started.

Europe Industrial Automation Software

Kenmei Closes €1.5M Funding Round

– Kenmei is a Valencia, Spain-based company specialized in data analysis and mobile network automation through artificial intelligence.
– The company raised €1.5m in series A funding round.
– The round was led by GoHub Ventures, who has been joined by MASventures, an accelerator of the MASMOVIL GROUP and Wayra, Telefónica’s open innovation hub.
– The new investment will be used to speed up and consolidate the development of the ADELE® solution by integrating new 5G use cases and to strengthen its international sales structure with the aim of accelerating its growth.

Europe Financial Services Payments

PPRO Announces Strategic Investment From JPMorgan Chase & Co., Bringing Total Round to $270 Million

– PPRO, a leading provider of local payments infrastructure, has announced new investments today from JPMorgan Chase & Co. and Eldridge.
– The latest investment is an extension of the US $180 million round from Eurazeo Growth, Sprints Capital, and Wellington Management announced just weeks ago.
– Leading payment companies rely on PPRO’s infrastructure to accept payments from consumers all over the world.
– Beyond offering access to a comprehensive payments portfolio, PPRO’s technology and value-added services help them deliver the industry’s best conversion rates to its global customers.
– PPRO has experienced rapid growth in the wake of the e-commerce boom, doubling its transaction volumes and increasing its global team by over 60% in 2020.

Biotechnology Europe Medical Medical Device

Lightpoint Medical Announces $8 Million in Funding to Support Commercial Launch of its Robotic Cancer Detection Probe

– Lightpoint Medical announced that it has completed an $8m financing round.
– The funding includes follow-on investment from private investors, Oxford Technology, Venture Founders, Coutts Bank, and new funding from the British Business Bank Future Fund.
– The new capital will be used to finance expanded clinical trials and early commercialization of Lightpoint’s robotic probe, SENSEI®, which has the potential to assist in over 2 million applicable surgical procedures every year in the EU, US, China and Japan.
– SENSEI® received CE Mark approval at the beginning of the year, has been registered successfully with the FDA, and has received approval for sale in Australia.

Bitcoin Blockchain Cryptocurrency Europe FinTech Trading Platform

Crypto wallet and exchange company raises $300 million at $5.2 billion valuation

–, a cryptocurrency company, raised $300m funding.
– The round was led by DST Global, Lightspeed Venture Partners and VY Capital.
– Existing investors also participated.
– Following today’s funding round, the company has reached a post-money valuation of $5.2 billion.

Biotechnology Europe Pharmaceutical

Step Pharma Raises EUR35 Million in Series B Financing to Advance First in Class CTPS1 inhibitor into the Clinic in T Cell Malignancies

– Step Pharma, a biotech company developing novel drugs for oncology and autoimmune diseases, today announced the successful closing of a EUR35 million Series B financing.
– New investors Hadean Ventures and Sunstone Life Science Ventures co-led the round, joining existing investors Kurma Partners, Pontifax and Bpifrance, which reinvested through its Innovative Biotherapies and Rare Diseases fund and InnoBio 2 fund.
– As part of the financing, Jacob L Moresco from Sunstone Life Science Ventures and Walter Stockinger from Hadean Ventures will join the Step Pharma Board of Directors.

Biopharma Biotechnology Europe Health Care

PhoreMost Raises $46M in Series B Financing

– PhoreMost is a Cambridge, England, UK-based biopharmaceutical company.
– The company raised $46m in Series B funding.
– The round was led by BGF, and included new investor – XtalPi Inc., Astellas Venture Management, Trend Investment Group, and o2h ventures.
– Existing investors Parkwalk Advisors, Morningside Ventures, and Jonathan Milner also contributed.

Artificial Intelligence Europe Hardware Information Technology Sensor

LGN, which helps companies deploy AI at scale, raises $2M

– LGN, a company specializing in distributed machine learning, deep learning, and AI technologies, today announced that it raised $2 million.
– The company says it’ll use the investment to bolster its product development and hiring efforts as it expands its market reach.
– In particular, LGN intends to pursue low-latency inference technology that can process optical data on-chip orders of magnitude faster than current-gen tech.
– Businesses are in the midst of a shift in where and how they analyze data and derive actionable insights from it.
– Spending on AI is anticipated to break the $500 billion mark by 2024, according to IDC, and Gartner forecasts that over 50% of enterprise data will be processed outside the cloud by 2022.
– But AI projects remain highly susceptible to failure.

Europe Food and Beverage Food Processing Local Business

Meatable Raises $47 Million Series A to Continue Scaling Trajectory and Expand its Product Portfolio with Beef

– Meatable has closed $47m in Series A funding.
– Consortium consists of Dr. Rick Klausner, Section 32, Dr. Jeffrey Leiden, and DSM Venturing.
– Existing investors, such as BlueYard Capital, Agronomics, Humboldt, and Taavet Hinrikus, show continued support.
– Meatable sees great potential in its technology and is betting on the company to solve the industry’s scalability and speed-to-market challenges with its patented opti-ox™ technology.
– Meatable aims to produce cultivated meat for which no animals are slaughtered, fewer GHG emissions are released, and less land and water are required.

Europe Financial Services FinTech Personal Finance Wealth Management

Stock trading app Freetrade raises $69 million

– Freetrade, a U.K. stockbroker, raised $69m in Series B funding.
– The round was led by Left Lane Capital and joined by L Catterton and Draper Esprit.
– The company has reached a post-money valuation of $366m following today’s funding round.
– After signing up, Freetrade lets you buy and sell shares from the company’s mobile app.
– If you want to invest in companies with expensive shares, such as Alphabet (Google’s parent company), you can buy fractional shares.
– Instead of spending over $2,000 for a single share, you can buy one-tenth of a share for one-tenth of the price.

Environment Europe Renewables

Intelligent Power Generation Raises £2M in Series A Funding

– Intelligent Power Generation (IPG) from Britain is developing a new turbine technology designed to accelerate the decarbonization of fuel-based power.
– Series A £2m funding round was led by a consortium of experienced angel investors.
– The company intends to use the funds for the continued development of its Flameless Ceramic Turbine, which is designed to deliver pollutant-free power from any fuel, enabling businesses to transition from natural gas sources to alternative fuels such as hydrogen and biogas.
– IPG is working with leading universities, government agencies and pioneering companies to bring distributed fuel-based power to market.

E-Commerce Europe Furniture Mobile

Digital-First Tylko Raises €22 Million in Series C as Part of Its Commitment to Set New Standards in the Furniture Industry

– Digital-First Tylko Raises €22 Million in Series C as Part of Its Commitment to Set New Standards in the Furniture Industry
– Tylko, the Polish digital-first furniture company, announced today the close of a €22 million Series C round of funding led by Israel-based Pitango Ventures and Finnish Evli Growth Partners.
– Since its creation in 2015, Tylko has served almost 60,000 satisfied customers and shows no signs of slowing down.
– The €22m investment follows a strong year for Tylko, with its unique approach to furniture design generating a 132% increase in sales in 2020 in comparison to previous years.
– The new investment shows confidence in Tylko’s offering of premium design coupled with a user experience that puts the customer in control.

B2B Cloud Computing Cloud Data Services Cloud Infrastructure Database Europe Software

Aiven Raises $100M in Series C Funding

– Aiven from Helsinki develops open source technologies with cloud infrastructure.
– Company raised $100m in Series C funding.
– The round was led by Atomico and attracted new investors Salesforce Ventures and World Innovation Lab as well as existing investors Earlybird Venture Capital and IVP.
– The new investment will be aimed at doubling the company’s headcount over the next year, bringing new products to market, developing open source technologies and continuing to expand internationally.

Advertising Artificial Intelligence Augmented Reality Computer Vision Europe Image Recognition Machine Learning Marketing Software

Blippar Closes $5 Million Pre-Series A Funding Round

– Blippar closed a $5m funding round.
– The round was led by Chroma Ventures, the investment arm of Paddy Burns’ and Chris van der Kuyl’s gaming company 4J Studios, and West Coast Capital; the private equity arm of Scottish entrepreneur Sir Tom Hunter and family.
– Canadian entrepreneur Anthony Lacavera also contributed to the round through his Globalive Capital investment firm.
– The new investment reinforces Blippar’s position as the global leader in AR and will be used to further develop the company’s industry-leading technology and accelerate its growth in key markets including the US, Europe and Asia.

Europe Financial Services FinTech Lending

Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia

– Jeff, a loan brokerage platform, raised $1m in funding.
– The round was led by Estonian Business Angels Network (EstBAN) and joined by Startup Wise Guys, Taavi Tamkivi, the founder of Salv who formerly held lead roles at TransferWise and Skype, and angel investors from European on-demand ride platform Bolt.
– The funding will be used to enter other Southeast Asian markets, including Indonesia and the Philippines, and introduce new products, like free credit score and insurance offers, digital discount coupons and mobile wallet cashbacks.
– The company now has about 80 to 100 potential partners in its Vietnam pipeline.

Biotechnology Europe Medical Device

Adapttech Raises £2M in Funding

– Adapttech, a Birmingham, UK-based biomedical startup, raised £2m in funding.
– The round was supported by existing investors including the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, Bionova Capital (formerly Hovione Capital), as well as new investors including ACF Investors, Wealth Club and Wren Capital.
– The company intends to use the funds to develop new technologies and grow sales of its system for improving the fitting of prosthetic devices.

Advertising Europe

Sellforte Raises €4M in Funding

– Sellforte is a Helsinki, Finland-based AI-powered marketing optimization platform.
– The company raised €4M in funding.
– The round was led by Sonae IM and also participated by Bonnier Ventures and
– The new investment will be used to hire new talent to scale R&D on its product offering and further expand its operations internationally.

Europe Financial Services FinTech

Swedish fintech Zaver raises $5M to bring cardless payments and BNPL to ‘durables’ sector

– Swedish fintech Zaver raised $5m in funding.
– The round was led by Inbox Capital and Inventure.
– Other investors include Fredrik Österberg (founder of Evolution Gaming), Magnus Rausing (angel investor), Joen Bonnier (partner at Atomico), Fabian Hielte and Max Hobohm and Johannes Hobohm (owners of Ernstrom).
– The company is now doubling down on the durables sector (think: automotive, health & beauty, craftmanship, etc.) for both online and offline commerce.
– Zaver wants to accelerate the move away from plastic cards to mobile payments.

Enterprise Software Europe Information Technology SaaS Software

Camunda Closes $100 Million Series B Funding Round

– Open source software provider Camunda today announced that it has completed a €82 million (approximately $100 million) funding round led by global venture capital and private equity firm Insight Partners.
– The round also included existing investor Highland Europe.
– The investment is based on market momentum toward hyperautomation and the resulting demand for cloud-native, open process automation solutions that can automate any type of process, anywhere.
– In addition to the investment, Camunda will take advantage of Insight Partners’ depth of expertise in effectively scaling companies and accelerate product development, sales, and marketing initiatives as part of its global expansion.

Charity Europe Internet SaaS Software

Enthuse Raises £3.5M in Series A Funding

– Enthuse, a UK-based donations, fundraising and events platform, secured £3.5m in Series A funding.
– The round was led by Praetura Ventures.
Praetura Ventures’ investment manager Sim Singh-Landa will join the Enthuse board as a non-executive director and David Foreman, managing director of Praetura Ventures, will join as an observer.
– The company intends to use the funds to develop and extend its product offering, as well as expand its offering into new international markets, and double the size of its team from 50 to 100 strong employees.

1 2 3 4
Crunchbase icon

Content report

The following text will be sent to our editors: