The European startup scene is constantly evolving, with new companies emerging and existing ones securing funding to fuel their growth. Keeping track of all the funding rounds can be a daunting task, but EU-Startups has made it easier with their weekly round-up of European startup funding rounds.
For the week of May 15-19, EU-Startups tracked a total of 38 funding rounds, with a combined value of over €1.2 billion. The largest funding round of the week was secured by Swedish fintech company Klarna, which raised €639 million in a Series F round led by SoftBank’s Vision Fund 2. Klarna offers a range of payment and shopping services, including “buy now, pay later” options for online purchases.
Other notable funding rounds included:
– German e-commerce platform Trade Republic raised €900 million in a Series C round led by Sequoia Capital and TCV. Trade Republic offers commission-free trading of stocks, ETFs, and derivatives.
– French insurtech company Alan raised €185 million in a Series D round led by Coatue and Dragoneer. Alan offers health insurance for individuals and companies, with a focus on digital-first solutions.
– UK-based cybersecurity company Darktrace raised $178 million in an IPO on the London Stock Exchange. Darktrace uses artificial intelligence to detect and respond to cyber threats in real-time.
– Dutch fintech company Mollie raised €665 million in a Series C round led by Blackstone Growth. Mollie offers payment services for businesses, including online payments, subscriptions, and invoicing.
The funding rounds tracked by EU-Startups spanned a range of industries, including fintech, e-commerce, healthtech, and cybersecurity. The majority of the companies were based in Europe, but there were also several international companies that secured funding for their European operations.
Overall, the funding rounds tracked by EU-Startups demonstrate the continued growth and innovation of the European startup scene. With a diverse range of companies securing funding, there are plenty of opportunities for investors and entrepreneurs to get involved in this exciting space.
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- Source: https://zephyrnet.com/weekly-funding-round-up-all-of-the-european-startup-funding-rounds-we-tracked-this-week-may-15-19-eu-startups/