European startup funding rounds have been on the rise in recent years, with investors pouring billions of euros into promising companies across various industries. Keeping track of these funding rounds can be a daunting task, but fear not! In this comprehensive overview, we will recap the most significant funding rounds that took place in Europe during the week of August 28 to September 01.
1. Revolut – London-based fintech unicorn Revolut raised an impressive $800 million in a Series E funding round, valuing the company at $33 billion. The round was led by SoftBank Vision Fund 2 and Tiger Global Management, making it one of the largest funding rounds in European startup history. Revolut plans to use the funds to expand its product offerings and accelerate its global growth.
2. Bolt – Estonian ride-hailing and food delivery platform Bolt secured €600 million in a Series E funding round. The round was led by Sequoia Capital, with participation from existing investors like G Squared, D1 Capital Partners, and Naya Capital. Bolt plans to use the funds to further expand its services across Europe and Africa.
3. Hopin – Virtual events platform Hopin raised $450 million in a Series D funding round, bringing its valuation to $7.75 billion. The round was led by Arena Holdings and Altimeter Capital, with participation from existing investors like IVP, Tiger Global, and Coatue. Hopin plans to use the funds to enhance its platform’s features and continue its global expansion.
4. Wolt – Finnish food delivery platform Wolt raised €530 million in a Series E funding round, led by ICONIQ Growth. The round also saw participation from Tiger Global, DST Global, and Prosus Ventures. Wolt plans to use the funds to expand its operations in existing markets and enter new ones.
5. Personio – German HR software provider Personio raised $125 million in a Series D funding round, led by Index Ventures. The round also saw participation from existing investors like Accel, Lightspeed Venture Partners, and Global Founders Capital. Personio plans to use the funds to further develop its product and expand its international presence.
6. Alan – French health insurance startup Alan secured €185 million in a Series D funding round, led by Coatue. The round also saw participation from Dragoneer, Exor, and existing investors like Index Ventures and Temasek. Alan plans to use the funds to accelerate its growth and expand its product offerings.
7. Bitpanda – Austrian cryptocurrency platform Bitpanda raised $263 million in a Series C funding round, led by Valar Ventures. The round also saw participation from existing investors like Speedinvest and LeadBlock Partners. Bitpanda plans to use the funds to expand its services and enter new markets.
These funding rounds highlight the continued growth and investor interest in European startups. With significant investments pouring into various sectors, European startups are well-positioned to drive innovation and economic growth in the region. As we move forward, it will be exciting to see how these companies utilize their newfound capital to scale their operations and make a lasting impact on their respective industries.
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- Source: Plato Data Intelligence.
- Source Link: https://zephyrnet.com/weekly-funding-round-up-all-of-the-european-startup-funding-rounds-we-tracked-this-week-august-28-september-01-eu-startups/