The European startup scene is booming, and the latest funding rounds for the week of February 27 – March 3 are evidence of this. From the UK to Germany and beyond, startups across the continent are securing investments from venture capitalists and other sources to help them grow and develop their businesses. Here’s a look at some of the biggest funding rounds in Europe during this week.
In the UK, the London-based online marketplace for second-hand goods, Depop, secured a $62 million Series C funding round. This round was led by General Atlantic, with participation from existing investors including Balderton Capital, Octopus Ventures, and Creandum. The funding will be used to expand Depop’s presence in the US and other international markets.
In Germany, the Berlin-based startup, Kreditech, secured a $160 million Series F funding round. This round was led by Varde Partners, with participation from existing investors including J.C. Flowers & Co., Peter Thiel’s Valar Ventures, and Blumberg Capital. Kreditech plans to use the funds to expand its consumer lending business into new markets.
In France, the Paris-based startup, Qonto, secured a $115 million Series C funding round. This round was led by Tencent, with participation from existing investors including Accel, Alven Capital, and DST Global. The funds will be used to accelerate Qonto’s growth in France and beyond.
In Spain, the Madrid-based startup, Glovo, secured a $150 million Series D funding round. This round was led by Lakestar, with participation from existing investors including Idinvest Partners, Seaya Ventures, and Cathay Innovation. The funds will be used to expand Glovo’s presence in Europe and Latin America.
These are just a few of the many funding rounds that took place in Europe during the week of February 27 – March 3. With venture capitalists and other investors continuing to pour money into European startups, it’s clear that the continent’s startup scene is thriving.
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- Source: Plato Data Intelligence: PlatoAiStream