A Comprehensive Overview of European Startup Funding Rounds: Weekly Round-up (August 21-25) by EU-Startups
In the fast-paced world of startups, securing funding is often a crucial step towards success. European startups have been making waves in various industries, and keeping track of their funding rounds can provide valuable insights into the current trends and opportunities in the startup ecosystem. EU-Startups, a leading platform for European startups, provides a comprehensive overview of the funding rounds that took place during the week of August 21-25.
1. Revolut – London-based fintech startup Revolut raised an impressive $800 million in a Series E funding round, bringing its valuation to $33 billion. The round was led by SoftBank Vision Fund 2 and Tiger Global Management, highlighting the growing interest in fintech startups disrupting traditional banking services.
2. Bolt – Estonian ride-hailing and food delivery platform Bolt secured $713 million in a Series E funding round. The round was led by Sequoia Capital and included participation from other investors like Tekne Capital Management and Ghisallo.
3. Hopin – Virtual events platform Hopin raised $400 million in a Series C funding round, led by Andreessen Horowitz and General Catalyst. The London-based startup has experienced significant growth during the pandemic as businesses shifted to online events.
4. Personio – Munich-based HR software provider Personio raised $125 million in a Series D funding round. The round was led by Index Ventures, with participation from existing investors like Accel, Lightspeed Venture Partners, and Global Founders Capital.
5. Bitpanda – Austrian cryptocurrency exchange Bitpanda secured $263 million in a Series C funding round. The round was led by Valar Ventures and included participation from partners of DST Global, Jump Capital, and others.
6. Vinted – Lithuanian online marketplace for second-hand fashion Vinted raised $303 million in a Series F funding round. The round was led by Lightspeed Venture Partners and included participation from existing investors like Accel, Insight Partners, and Sprints Capital.
7. Alan – French health insurance startup Alan raised $220 million in a Series D funding round. The round was led by Coatue and Dragoneer Investment Group, with participation from existing investors like Index Ventures and Temasek.
8. Mambu – Berlin-based cloud banking platform Mambu raised $135 million in a Series D funding round. The round was led by TCV, with participation from Tiger Global Management and Arena Holdings.
These funding rounds highlight the diversity of industries and countries represented in the European startup ecosystem. Fintech, ride-hailing, virtual events, HR software, cryptocurrency, fashion, health insurance, and cloud banking are just a few examples of the sectors that attracted significant investments during this week.
The large amounts raised by these startups also indicate the growing interest from global investors in European startups. The presence of renowned investors like SoftBank Vision Fund 2, Sequoia Capital, Andreessen Horowitz, and Index Ventures further validates the potential of these startups to disrupt their respective industries.
Furthermore, these funding rounds demonstrate the resilience and adaptability of European startups amidst the challenges posed by the COVID-19 pandemic. Many startups have successfully pivoted their business models or capitalized on emerging opportunities in the digital space.
Overall, the European startup ecosystem continues to thrive, attracting substantial investments and fostering innovation across various sectors. Keeping track of funding rounds can provide valuable insights for entrepreneurs, investors, and industry observers looking to stay informed about the latest trends and opportunities in the European startup landscape.
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