, 2021
The European startup ecosystem is a vibrant and rapidly growing market. In recent years, the number of venture capital investments in Europe has grown significantly, with venture capital funds investing billions of euros into European startups. This week, we take a look at some of the most notable funding rounds that took place in Europe from February 27 – March 3, 2021.
One of the biggest deals of the week was the $150 million Series C funding round for Berlin-based fintech startup N26. The round was led by venture capital firm Insight Partners and included participation from existing investors including Peter Thiel’s Valar Ventures, Tencent, and Allianz X. N26 is a digital bank that offers a range of services to its customers, including current accounts, savings accounts, and credit cards. The company has raised a total of $670 million to date and is now valued at $3.5 billion.
Another notable deal this week was the €50 million Series B funding round for French startup Alan. The round was led by Index Ventures and included participation from existing investors including Accel and Felix Capital. Alan is a digital health insurance platform that offers customers an easy way to compare and purchase health insurance plans. The company has raised a total of €90 million to date and is now valued at €500 million.
In addition, London-based fintech startup Revolut raised a €500 million Series D funding round this week. The round was led by TCV and included participation from existing investors including DST Global and Index Ventures. Revolut is a digital banking platform that offers customers a range of services including current accounts, savings accounts, and credit cards. The company has raised a total of €1.2 billion to date and is now valued at €5.5 billion.
Finally, Spanish startup Glovo raised a €150 million Series F funding round this week. The round was led by Lakestar and included participation from existing investors including Idinvest Partners and Atomico. Glovo is an on-demand delivery platform that allows customers to order food, groceries, and other items from local stores and have them delivered to their doorsteps. The company has raised a total of €1 billion to date and is now valued at €2 billion.
Overall, the European startup ecosystem continues to be an attractive destination for venture capital investments. This week saw several notable funding rounds take place in Europe, with startups in the fintech and digital health sectors leading the way. With more venture capital funds investing in European startups, we can expect to see more big deals in the coming weeks and months.
Source: Plato Data Intelligence: PlatoAiStream