European startup funding rounds have been on the rise in recent years, with investors showing increasing interest in the region’s innovative and promising companies. To keep you updated on the latest developments, we present a comprehensive overview of the funding rounds that took place during the week of September 18 to September 22.
1. Revolut: The London-based fintech giant, 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, highlighting the growing interest in digital banking solutions.
2. Bolt: Estonian ride-hailing company Bolt secured $713 million in a Series E funding round. The investment was led by Sequoia Capital and included participation from G Squared, D1 Capital Partners, and Tekne Capital Management. Bolt plans to use the funds to 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 included participation from Altimeter Capital, IVP, and Tiger Global. Hopin has experienced significant growth during the pandemic as businesses shifted to online events.
4. Alan: French health insurance startup Alan raised $220 million in a Series D funding round. The investment was led by Coatue and included participation from Dragoneer, Exor, and Temasek. Alan aims to disrupt the traditional health insurance market by offering a user-friendly digital platform.
5. Personio: German HR software provider Personio raised $125 million in a Series D funding round. The investment was led by Index Ventures and included participation from Meritech, Accel, and Lightspeed Venture Partners. Personio plans to use the funds to expand its product offerings and accelerate international growth.
6. Pleo: Danish fintech startup Pleo secured $150 million in a Series C funding round. The investment was led by Bain Capital Ventures and included participation from Thrive Capital, Creandum, and Founders. Pleo offers smart company cards and expense management solutions to businesses.
7. Bitpanda: Austrian cryptocurrency platform Bitpanda raised $263 million in a Series C funding round. The investment was led by Valar Ventures and included participation from DST Global, Jump Capital, and Speedinvest. Bitpanda plans to use the funds to expand its services and enter new markets.
8. Mambu: German cloud banking platform Mambu raised $135 million in a Series D funding round. The investment was led by TCV and included participation from Tiger Global and Arena Holdings. Mambu provides a flexible and scalable banking infrastructure for financial institutions.
These funding rounds highlight the diverse range of industries and countries represented in the European startup ecosystem. The significant investments received by these companies demonstrate the confidence investors have in their potential for growth and success.
Overall, European startups continue to attract substantial funding, indicating a thriving entrepreneurial landscape in the region. As the ecosystem evolves, it will be interesting to see how these companies utilize their newfound capital 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-september-18-september-22-eu-startups/