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 September 11 to September 15, as reported by EU-Startups.
1. Revolut – London-based fintech giant Revolut secured $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 expansion.
2. Bolt – Estonian ride-hailing and food delivery platform Bolt raised $713 million in a Series E funding round. The round was led by Sequoia Capital and featured participation from other investors, including G Squared, D1 Capital Partners, and Tekne Capital Management. Bolt plans to use the funds to further develop its technology and expand into new markets.
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 featured participation from existing investors such as IVP, Tiger Global, and Coatue. Hopin aims to use the funds to enhance its platform’s capabilities and continue its global expansion.
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 such as Accel, Lightspeed Venture Partners, and Northzone. Personio plans to utilize the funds to further develop its product offerings and expand its presence in Europe.
5. Vinted – Lithuanian online marketplace Vinted secured $303 million in a Series F funding round. The round was led by Lightspeed Venture Partners and featured participation from existing investors such as Accel, Insight Partners, and Sprints Capital. Vinted plans to use the funds to fuel its international growth and invest in its platform’s infrastructure.
6. Bitpanda – Vienna-based cryptocurrency platform Bitpanda raised $263 million in a Series C funding round. The round was led by Valar Ventures and featured participation from partners of DST Global, Jump Capital, and others. Bitpanda intends to use the funds to expand its product offerings and accelerate its international expansion.
7. Alan – French health insurance startup Alan raised $220 million in a Series D funding round. The round was led by Coatue and featured participation from Dragoneer, Exor, and existing investors such as Index Ventures and Temasek. Alan plans to use the funds to enhance its product offerings and expand its operations across Europe.
These funding rounds highlight the continued growth and investment opportunities in the European startup ecosystem. With significant investments pouring into various sectors such as fintech, transportation, virtual events, HR software, online marketplaces, cryptocurrency, and health insurance, startups are well-positioned to drive innovation and economic growth in Europe.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- ChartPrime. Elevate your Trading Game with ChartPrime. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: Plato Data Intelligence.
- Source Link: https://zephyrnet.com/weekly-funding-round-up-all-of-the-european-startup-funding-rounds-we-tracked-this-week-september-11-september-15-eu-startups/