In the fast-paced world of startups, funding rounds play a crucial role in the growth and success of these innovative ventures. Keeping track of the latest funding activities can provide valuable insights into the European startup ecosystem. In this weekly round-up, we will provide a comprehensive overview of the funding rounds that took place in Europe from January 28 to February 2, as reported by EU-Startups.
1. Revolut – London-based fintech unicorn Revolut raised $500 million in a Series D funding round, led by TCV. The company plans to use the funds to expand its product offerings and accelerate its global expansion.
2. Bolt – Estonian ride-hailing company Bolt secured €50 million in a funding round led by Naya Capital. The funds will be used to further develop Bolt’s technology and expand its services across Europe and Africa.
3. Personio – Munich-based HR software provider Personio raised $75 million in a Series C funding round led by Accel. The company plans to use the funds to enhance its product offerings and expand its presence in Europe.
4. Alan – French health insurance startup Alan raised €50 million in a Series C funding round led by Temasek. The funds will be used to fuel Alan’s expansion plans and invest in new product development.
5. Voi – Swedish e-scooter startup Voi raised $85 million in a Series B funding round led by Vostok New Ventures. The funds will be used to expand Voi’s operations across Europe and invest in research and development.
6. Mambu – Berlin-based banking software provider Mambu raised €110 million in a funding round led by TCV. The company plans to use the funds to accelerate its global growth and invest in product innovation.
7. Glovo – Spanish on-demand delivery startup Glovo raised €150 million in a Series E funding round led by Mubadala. The funds will be used to expand Glovo’s presence in existing markets and enter new ones.
8. TIER – Berlin-based e-scooter startup TIER raised $60 million in a Series B funding round led by Mubadala. The funds will be used to expand TIER’s operations across Europe and invest in sustainable mobility solutions.
9. Bitpanda – Austrian cryptocurrency platform Bitpanda raised €43.6 million in a Series A funding round led by Valar Ventures. The funds will be used to fuel Bitpanda’s international expansion and enhance its product offerings.
10. Wefox – Berlin-based insurtech startup Wefox raised $110 million in a Series B funding round led by OMERS Ventures. The funds will be used to further develop Wefox’s technology and expand its operations in Europe.
These funding rounds highlight the diverse range of industries and countries that are attracting investment in the European startup ecosystem. Fintech, healthtech, mobility, and insurtech are among the sectors that continue to attract significant funding, indicating the growing interest in disruptive technologies and innovative business models.
The funding rounds also demonstrate the confidence investors have in European startups, as they continue to raise substantial amounts of capital to fuel their growth and expansion plans. This influx of funding will not only enable these startups to scale their operations but also contribute to job creation and economic growth in the region.
Overall, the European startup funding landscape remains vibrant and dynamic, with investors actively seeking opportunities to support promising ventures. As the year progresses, it will be interesting to see how these startups utilize their newly acquired funds to drive innovation and disrupt traditional industries.
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- Source Link: https://zephyrnet.com/weekly-funding-round-up-all-of-the-european-startup-funding-rounds-we-tracked-this-week-january-28-february-2-eu-startups/