Spectricity, a leading provider of hyperspectral sensing solutions for mobile and consumer devices, announced today a €14 million Series B funding round. The fresh funds will be used to further accelerate the development and mass production of hyperspectral sensors and imagers for high-volume, low-cost applications, from wearables to smartphones and IoT devices. Hyperspectral sensing allows…
Polish edtech startup Novakid snaps up €29.4 million to expand into new markets
Polish startup Novakid, an online language learning platform that provides personalized English learning for kids ages 4-12 through AI and gamification, has announced an approx. €29.4 million Series B round led by Owl Ventures and Goodwater Capital. Existing Series A investors PortfoLion, TMT Investments, Xploration Capital and LearnStart, as well as seed investors LETA Capital…
10 Zurich-based startups worth following in 2021 and beyond
In the beginning of this year, we introduced you to 10 super promising Switzerland-based startups to watch in 2021. Aside from fancy chocolate and a booming banking sector, its largest city, Zurich, also has a very attractive startup ecosystem. Most recently, Zurich made it into our annual ranking of Europe’s biggest startup hubs. This week,…
Tallinn-based Bolt lands €600 million to launch new grocery delivery, Bolt Market, in 10 European countries
Estonian micro-mobility scaleup Bolt has announced closing €600 million funding round, increasing Bolt’s valuation to more than €4 billion. The funds will be used to boost their new grocery delivery service, Bolt Market, and accelerate their expansion of existing mobility and delivery products. The funds were raised from a range of investors including Sequoia, Tekne,…
Berlin-based expertlead raises €9.5 million to connect companies worldwide with the best IT professionals
The HRtech company expertlead has raised an investment of €9.5 million in a financing round to help companies find, evaluate and hire the right IT experts. The round is led by Acton Capital Partners, with existing investors SEEK and Rocket Internet also re-investing in the Berlin-based company. Kreos Capital additionally joins the round as a…
UK-based Connectd lands +€840K seed round to ‘break down barriers’ for investors and startups
Connectd, a growth marketplace connecting startups, investors and advisors has landed an approx. €841K seed funding round led by Saracens owner Nigel Wray. LiFE Ventures, Toni Nijm of Yobi Partners and Steve Castle of ABC Investors, also joined this round. Co-founded by serial entrepreneur Roei Samuel, Connectd aims to ‘break down barriers’ in early-stage funding…
10 promising Düsseldorf-based startups to watch in 2021
At the beginning of this year, we introduced you to 10 exceptionally promising German startups to watch in 2021. Aside from Berlin, which was a bit over-represented in this list, there are a few other startup hotspots in Germany. One startup ecosystem that is up and coming is Düsseldorf, which recently also made it into…
Tallinn-based Outvio raises €2.5 million to take its post-sales software across Europe
Outvio, an Estonian startup that provides a SaaS fulfilment solution for medium-sized and large online retailers, has closed an approx. €2.5 million financing round led by Change Ventures, with participation from TMT Investments (London), Fresco Capital (San Francisco), and Lemonade Stand (Tallinn), as well as several angels, including James Berdigans (Printify) and Kristjan Vilosius (Katana…
Weekly VC Overview: All 105 European startup funding rounds we tracked this week (July 26-30)
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Dutch startup Hedge nabs €2.52 million to grow its smart software for filmmakers
Dutch SaaS startup Hedge, a smart software for filmmakers, has announced that it has raised an approx. €2.52 million round of seed funding. This round was led by Steve Bayes, with participation from other private media industry investors. Founded in 2016, Hedge offers a number of different products, with its flagship offering carrying the same…
Belgrade-based Tenderly nabs €12.8 million to grow its Ethereum developer platform
Serbian startup Tenderly, an Ethereum blockchain development platform, has raised around €12.8 million in a new funding round. This round was led by Accel, with participation from existing investors and new angel investors, including Nicolas Dessaigne (Co-founder of Algolia), Mirko Novakovic (Co-founder of Instana) and Guillermo Rauch (CEO of Vercel). The team will use the…
Barcelona-based Exoticca, a next-generation tour operator, lands €25.2 million
Exoticca, the next-generation tour operator specialized in multi-day package tours, has announced today that it has closed a round of approx. €25.2 million led by 14W and Mangrove Capital Partners. The round also has the participation of Aldea Ventures and existing investors such as Milano Investment Partners SGR, K Fund, Bonsai Partners, Kibo Ventures and…
10 promising Budapest-based startups to watch in 2021
At the beginning of this year, we shared 10 promising Hungary-based startups to look out for in 2021. Today, we’ve decided to zoom in and explore its capital, Budapest, a city full of history, beautiful landmarks, pastries, and a promising startup ecosystem. Budapest is a city full of resources for entrepreneurs to thrive. After its…
UK-based Vira Health lands €1.7 million to make personalised menopause care accessible to all women
Today Vira Health, a digital health company focused on improving long-term health for women, has raised around €1.7 million in seed funding from LocalGlobe, MMC Ventures, and angel investors including Megumi Ikeda, Managing Director, Hearst Ventures, Andrea Zitna of Elvie, former Spotify executive Sofia Bendz, founder of GoCardless Matt Robinson, and Simon Lambert, former CTO, MOO.com, and Treatwell. Vira…
Fabric Ventures announces new €109 million fund to invest in digital assets and decentralisation
Fabric Ventures, a venture manager that backs ‘open economy’ founders across the globe, today announces new fund valued at approx. €109 million ($130 million), which includes around €25.3 million ($30 million) from the European Investment Fund (EIF). Other notable limited partners in the new fund include Niklas Zennstrom’s venture firm Atomico, Mike Novogratz’s Galaxy Digital,…
Sustainable insect-based snack startup Small Giants nabs €470K
British foodtech startup Small Giants has announced today a new round of funding, totalling around €470K. The startup, founded by Francesco Majno and Edoardo Imparato, has far exceeded its initial target of around €295K. A sizeable proportion of the investment came from shareholders and partners of iN3 Ventures’ network, an innovation advisory and corporate venture…
Stockholm-based Greenely secures €1.8 million to take its smart, sustainable energy platform to the UK
Swedish smart energy platform Greenely announces today it has secured around €1.8 million in a funding round to help accelerate the company’s expansion into the UK in the second half of 2021. The latest additions to this round include around €590K in growth financing from Silicon Valley Bank (UK). Founded in 2014, Greenely connects directly…
10 super promising Riga-based startups to watch in 2021
At the beginning of this year, we introduced 10 promising Latvia-based startups to watch in 2021. Since Latvia’s capital, Riga has a very active startup ecosystem and recently made it into our annual ranking of Europe’s biggest startup hubs, we decided to take a closer look. In addition to popular startup events like TechChill, where…