The European startup scene is constantly growing and evolving, with new companies emerging every day. To keep up with the latest developments, it’s important to stay informed about the funding rounds that are taking place. In this article, we’ll take a comprehensive look at the funding rounds that were tracked from March 20-24 in Europe.
First up is the French startup, Yubo, which raised €11.2 million in a Series B funding round. Yubo is a social media platform that allows users to connect with others based on shared interests. The funding will be used to expand the company’s user base and develop new features.
Next is the UK-based fintech company, Revolut, which raised $500 million in a Series D funding round. Revolut offers a range of financial services, including banking, currency exchange, and cryptocurrency trading. The funding will be used to expand the company’s global reach and develop new products.
Another notable funding round was for the German startup, Personio, which raised €75 million in a Series C funding round. Personio offers HR management software for small and medium-sized businesses. The funding will be used to expand the company’s product offerings and grow its team.
In addition to these larger funding rounds, there were also several smaller rounds that took place during this week. For example, the UK-based startup, Cazoo, raised £100 million in a Series D funding round. Cazoo is an online car retailer that allows customers to buy and sell cars entirely online.
Overall, this week’s funding rounds demonstrate the continued growth and innovation of the European startup scene. With companies across a range of industries securing funding, it’s clear that there is no shortage of opportunities for entrepreneurs and investors alike. As we continue to track these developments, it will be interesting to see what new companies and technologies emerge in the coming months and years.
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- Source: Plato Data Intelligence: PlatoData