The European startup scene is thriving, with new companies emerging every week and investors eager to support their growth. To keep track of the latest funding rounds, we have compiled a comprehensive report on the funding rounds tracked from March 20-24.
The total amount of funding raised during this period was €1.2 billion, with 94 deals closed across various industries. The top three sectors that received the most funding were fintech, healthcare, and e-commerce.
Fintech companies dominated the funding rounds, with a total of €433 million raised. The largest funding round in this sector was secured by German digital bank N26, which raised €260 million in a Series D round led by Allianz X and Tencent. The funds will be used to expand N26’s presence in Europe and the US.
In the healthcare sector, French biotech company Genfit raised €180 million in a public offering on the Nasdaq stock exchange. The company is developing treatments for liver diseases and plans to use the funds to advance its clinical trials.
E-commerce companies also saw significant funding during this period, with a total of €141 million raised. The largest funding round in this sector was secured by Swedish online grocery store MatHem, which raised €47 million in a Series C round led by Kinnevik.
Other notable funding rounds included German electric scooter company Tier, which raised €60 million in a Series B round led by Mubadala Capital; UK-based cybersecurity firm Darktrace, which raised €50 million in a Series E round led by Vitruvian Partners; and Dutch fintech company Ohpen, which raised €25 million in a Series C round led by Amerborgh.
Overall, the European startup scene continues to attract significant investment, with investors showing confidence in innovative companies across various industries. As the world continues to adapt to the challenges posed by the COVID-19 pandemic, it will be interesting to see how these startups navigate the changing landscape and continue to grow.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- Source: Plato Data Intelligence: PlatoData