The European startup ecosystem is full of interesting and exciting news, twists and turns. At EU-Startups, our aim is to keep you informed on everything that’s going on and share the inspiring entrepreneurial spirit this continent has to offer. From big funding announcements, duocorns picking up pace, to new partnerships and conscious collaborations – there’s never a dull day!
So, with this in mind, we decided to pull together all the big milestones that we saw this week into one place. It’s impossible for us to cover every announcement with an article, but perhaps this is one way we can continue to share as much as possible about up-and-coming innovators and ideas. Let us know what you think!
This week, there are some interesting revelations about employee wellbeing, the importance of having a tribe, and how mental health apps are on the rise.
Launches and expansions
- Austriam climate tech startup ummadum launched its first German project with the S-Bahn Stuttgart. Ummadum’s innovative mobility solution enables companies and cities to significantly reduce CO2 emissions and distribute benefits to employees for resource-friendly commuting. The joint project aims to reduce emissions and provide relief for the employees of the factory and the control centre in Plochingen.
- EQT-backed Estonian company Single.Earth launched a new standard of biodiversity and carbon credits, coming out of stealth mode with its science platform.
- 1oT, a tech startup from Estonia, aims to make eSIM technology the connectivity industry standard for the Internet of Things (IoT). The startup just launched its tech with fast, secure connections and reduced vendor lock-in.
- Ruuky GmbH launched its pioneering digital bank for GenZ in Germany. The fintech firm provides a digital bank account with a Debit Mastercard for young people from 14 to 25. Kids under the age of 18 open a bank account with a parent, who can support the kid with their own parent app. Ruuky, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash
- Beekeeper, the mobile employee platform for digitizing internal communication and operational processes for employees, launched a new service whereby companies can now use their employee network to fill vacancies. The idea is to boost centralized employee referrals and recommendations
- App Radar is introducing a new innovative tool that enables companies to combine their app’s organic and paid user acquisition data in one place for both Google and Apple app stores, which will help app marketers to have a full view of their app’s performance.
- Wirex, a leading crypto and payments ecosystem, has expanded the Wirex Credit program to new regions and developed additional features. Their crypto-back credit lines are now available to UK users and have added WXT as a token to be used as collateral.
Acquisitions and Collaborations
- Elite Partners Capital acquired a warehouse in central Netherlands, marking the firm’s first move into the Dutch logistics market
- Luxury UK hotel group, Apex Hotels have partnered with Nonius to develop and launch a brand-new app, Apex Hotels & Rewards, now available to download
- FuturePlus, the online sustainability measurement platform, announced a new sustainability partnership with electric vehicle (EV) technology start-up Diode – which will make switching to EV smarter, easier and more affordable.
- Barcelona-based Impress & US company Uniform Teeth Merger to create the largest worldwide network of invisible orthodontic tech-driven clinics
- Ava was acquired by FemTec Health (TOP 100, Venture Kick, Venture Leaders)
- PAGRA, an entrepreneurial company in the market for solar photovoltaic B2B solutions in Poland, entered into a partnership agreement with Galileo, the pan-European renewable energy development and investment platform to reduce the energy bills of the business sector in Poland
- On-demand laundry startup, ihateironing, celebrates reaching 100k total customers.
- eCommerce is thriving, and the Baltic region is no exception: according to Statista, eCommerce revenues in the upcoming year are expected to grow 13.66% in Estonia, 14.8% in Latvia, and 18.45% in Lithuania.
- It takes a village to raise a startup – Virgin StartUp shared new research which suggests the key to success is finding a tribe to cheer you on, as 86% of entrepreneurs turn to friends and family for emotional support
- CryptoMonday has been analyzing data regarding Ethereum-related tweets. It concludes that the volume of those tweets has fallen by over 65% since the beginning of 2022.
- Liechtenstein-based VNX, the first European regulated tokenized precious metal platform, now accepts Visa and Mastercard as payment options
- Ireland’s SilverCloud Health, the world’s leading digital mental health platform announced that it has provided behavioural and mental health services to more than one million users globally to date. In addition to reaching this milestone, the evidence-based digital mental health platform has also achieved a 93% satisfaction rate
- YouGov and YuLife released new insights about environmental and social initiatives in the workplace. They found that a majority of workers feel that it would enhance their wellbeing if their employer took them away from work to volunteer on a regular, fixed basis. In addition, it revealed that workers want to work for companies with environmental initiatives.