The European startup scene is thriving, with new companies emerging every day and investors eager to support innovative ideas. To keep track of the latest developments in the industry, we have compiled a comprehensive overview of European startup funding rounds from March 20-24.
Seed Rounds:
Seed rounds are the earliest stage of funding for startups, typically used to fund product development and initial market research. In this week’s seed round funding, we saw a total of €10.5 million raised across Europe.
The largest seed round of the week was secured by Berlin-based fintech startup, Moss. The company raised €5.5 million in a seed round led by Cherry Ventures and Global Founders Capital. Moss is developing a platform that allows small and medium-sized businesses to access financing quickly and easily.
Another notable seed round was raised by London-based healthtech startup, Medbelle. The company raised €2.4 million in a seed round led by Signals Venture Capital. Medbelle is developing a platform that connects patients with healthcare providers and offers a range of medical services.
Series A Rounds:
Series A rounds are the next stage of funding for startups, typically used to scale up operations and expand into new markets. In this week’s series A funding, we saw a total of €42 million raised across Europe.
The largest series A round of the week was secured by Paris-based fintech startup, October. The company raised €20 million in a series A round led by Partech Ventures and Idinvest Partners. October is developing a platform that allows small and medium-sized businesses to access loans quickly and easily.
Another notable series A round was raised by London-based proptech startup, Nested. The company raised €8 million in a series A round led by Passion Capital. Nested is developing a platform that helps homeowners sell their properties quickly and easily.
Series B Rounds:
Series B rounds are the next stage of funding for startups, typically used to further scale up operations and expand into new markets. In this week’s series B funding, we saw a total of €50 million raised across Europe.
The largest series B round of the week was secured by Stockholm-based fintech startup, Tink. The company raised €35 million in a series B round led by Insight Venture Partners and Sunstone Capital. Tink is developing a platform that allows users to aggregate and manage their financial data from multiple sources.
Another notable series B round was raised by London-based fintech startup, GoCardless. The company raised €15 million in a series B round led by Balderton Capital. GoCardless is developing a platform that allows businesses to collect recurring payments from customers easily and securely.
Conclusion:
Overall, this week’s funding rounds demonstrate the strength and diversity of the European startup scene. Fintech continues to be a popular sector for investment, with several companies securing significant funding rounds. Healthtech and proptech are also emerging as promising areas for investment, with several startups securing seed and series A rounds. As the European startup scene continues to grow, we can expect to see more exciting developments and innovative ideas emerge in the coming weeks and months.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- Source: Plato Data Intelligence: PlatoData