The European startup ecosystem is constantly evolving, with new companies emerging and existing ones growing at a rapid pace. One of the key drivers of this growth is funding, which allows startups to invest in their operations, expand their teams, and develop new products and services. To keep track of the latest funding rounds in Europe, we have compiled a comprehensive list of the most significant deals that took place during the week of March 20-24.
1. Vinted: €250 million
Vinted, a Lithuanian online marketplace for second-hand clothing, raised €250 million in a funding round led by EQT Ventures and joined by Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital. The company plans to use the funds to expand its operations in Europe and beyond.
2. Personio: €103 million
Personio, a German HR software provider, raised €103 million in a funding round led by Index Ventures and joined by Meritech, Northzone, Global Founders Capital, and Picus Capital. The company plans to use the funds to expand its product offerings and accelerate its growth in Europe.
3. Wefox: €110 million
Wefox, a German insurtech startup, raised €110 million in a funding round led by OMERS Ventures and joined by Merian Chrysalis, Samsung Catalyst Fund, Mundi Ventures, and existing investors. The company plans to use the funds to expand its operations in Europe and launch new products.
4. Flink: €52 million
Flink, a German grocery delivery startup, raised €52 million in a funding round led by Target Global and joined by Northzone, Cherry Ventures, and TriplePoint Capital. The company plans to use the funds to expand its operations in Germany and launch in new markets.
5. Tessian: $65 million
Tessian, a UK-based cybersecurity startup, raised $65 million in a funding round led by March Capital and joined by Accel, Balderton Capital, Latitude, Sequoia Capital, and existing investors. The company plans to use the funds to expand its product offerings and accelerate its growth in the US.
6. Lendable: £50 million
Lendable, a UK-based consumer lending platform, raised £50 million in a funding round led by Waterfall Asset Management and joined by Goldman Sachs Asset Management, NatWest Ventures, and other investors. The company plans to use the funds to expand its lending operations and launch new products.
7. Aiven: $100 million
Aiven, a Finnish cloud services startup, raised $100 million in a funding round led by Atomico and joined by Salesforce Ventures, IVP, Earlybird Venture Capital, and other investors. The company plans to use the funds to expand its cloud services offerings and accelerate its growth in the US.
8. Zenjob: €27 million
Zenjob, a German staffing platform for students, raised €27 million in a funding round led by Forestay Capital and joined by Redalpine, Acton Capital, and Axa Venture Partners. The company plans to use the funds to expand its operations in Germany and launch in new markets.
9. Cazoo: £240 million
Cazoo, a UK-based online used car marketplace, raised £240 million in a funding round led by General Catalyst and joined by D1 Capital Partners, L Catterton, and others. The company plans to use the funds to expand its operations in Europe and launch in new markets.
10. Voi: $160 million
Voi, a Swedish e-scooter rental startup, raised $160 million in a funding round led by The Raine Group and joined by VNV Global, Balderton Capital, Creandum, and others. The company plans to use the funds to expand its operations in Europe and launch in new markets.
In conclusion, the European startup ecosystem is thriving, with a wide range of companies raising significant amounts of funding to fuel their growth. From insurtech and HR software to e-commerce and cloud services, there is no shortage of innovative startups attracting investment from top-tier investors. As the ecosystem continues to evolve, it will be interesting to see which companies emerge as the next big players in their respective industries.
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- Source: Plato Data Intelligence: PlatoData