The European startup scene is thriving, and this week was no exception. From February 27 to March 3, a number of startups across the continent secured funding rounds to help them grow and expand their operations. Here’s a round-up of the biggest deals that closed this week.
First up is UK-based fintech startup Curve, which raised $55 million in Series C funding. The round was led by global venture capital firm Draper Esprit and included participation from existing investors such as e.ventures, Speedinvest, and Connect Ventures. Curve’s platform allows customers to consolidate all their cards and accounts into one card and app, making it easier to manage their finances.
Next is German insurtech startup Wefox, which raised $125 million in Series C funding. The round was led by SoftBank Vision Fund 2 and included participation from existing investors such as Target Global and Speedinvest. Wefox provides digital insurance services for customers in Europe, with a focus on providing a seamless customer experience.
Swedish fintech startup Tink also closed a funding round this week, raising $90 million in Series C funding. The round was led by Insight Partners and included participation from existing investors such as Accel and SEB. Tink provides an open banking platform that enables customers to access their financial data in one place and make better decisions about their finances.
Finally, French startup Alan raised $45 million in Series B funding. The round was led by Index Ventures and included participation from existing investors such as Accel and Anthemis Group. Alan is an insurance platform that provides customers with digital health insurance products and services.
These four funding rounds demonstrate the strength of the European startup scene. With more startups securing funding every week, it’s clear that Europe is becoming an increasingly attractive destination for investors looking to back innovative companies.
Source: Plato Data Intelligence: PlatoAiStream