European startup funding rounds have been on the rise in recent years, with investors pouring billions of euros into promising companies across various industries. To keep you updated on the latest developments in the European startup ecosystem, we present a comprehensive overview of funding rounds that took place during the week of October 2nd to October 6th.
1. Revolut – London-based fintech unicorn Revolut raised €460 million ($500 million) in a Series D funding round led by TCV, valuing the company at €4.3 billion ($4.7 billion). The funds will be used to fuel Revolut’s global expansion and product development efforts.
2. Bolt – Estonian ride-hailing company Bolt secured €100 million ($109 million) in a funding round led by Naya Capital, bringing its valuation to over €1.7 billion ($1.9 billion). Bolt plans to use the funds to expand its services beyond transportation and into areas like food delivery and electric scooters.
3. Personio – Munich-based HR software provider Personio raised €103 million ($112 million) in a Series D funding round led by Index Ventures, with participation from existing investors. The company plans to use the funds to further develop its product and expand its presence in Europe.
4. Alan – French health insurance startup Alan closed a €50 million ($54 million) Series C funding round led by Temasek, a Singaporean investment company. The funds will be used to accelerate Alan’s growth and expand its offering of digital health services.
5. Voi – Swedish e-scooter startup Voi raised €26 million ($28 million) in a funding round led by Vostok New Ventures, with participation from existing investors. The funds will be used to expand Voi’s operations across Europe and develop new mobility solutions.
6. Singular – Barcelona-based marketing intelligence platform Singular secured $30 million in a Series B funding round led by General Catalyst, bringing its total funding to $50 million. The company plans to use the funds to enhance its product offerings and expand its global footprint.
7. Cazoo – UK-based online used car marketplace Cazoo raised €27 million ($29 million) in a funding round led by DMG Ventures, valuing the company at over €200 million ($218 million). The funds will be used to support Cazoo’s growth and expansion plans.
8. Aiven – Helsinki-based open-source data infrastructure provider Aiven closed a €8 million ($8.7 million) funding round led by Earlybird Venture Capital. The company plans to use the funds to accelerate its global expansion and further develop its product offerings.
9. Brolly – London-based insurtech startup Brolly raised €1.6 million ($1.7 million) in a seed funding round led by Valar Ventures. The funds will be used to enhance Brolly’s AI-driven insurance platform and expand its customer base.
10. Kheiron Medical – UK-based medical imaging startup Kheiron Medical secured €14 million ($15 million) in a funding round led by Atomico, with participation from existing investors. The funds will be used to advance the development of Kheiron’s breast cancer detection technology.
These funding rounds highlight the continued growth and investment opportunities in the European startup ecosystem. With a diverse range of industries being supported, from fintech and healthtech to transportation and HR software, European startups are attracting significant attention from both local and international investors. As the ecosystem continues to evolve, it will be interesting to see how these startups utilize their funding to drive innovation and expand their market presence.
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- Source Link: https://zephyrnet.com/weekly-funding-round-up-all-of-the-european-startup-funding-rounds-we-tracked-this-week-october-02-october-06-eu-startups/