The European startup scene is buzzing with activity as companies across the continent continue to receive funding rounds from investors. This past week, from February 27 to March 3, was no exception. Here is a look at some of the notable European startup funding rounds for the week.
First up is UK-based fintech startup, Curve. The company announced a $55 million Series C funding round led by Draper Esprit. This brings Curve’s total funding to $95 million and will be used to expand its product offering and customer base. Curve’s platform allows customers to manage their finances across multiple bank accounts and cards in one place.
Next is German startup, KRY. The telemedicine company raised $66 million in a Series B funding round led by Index Ventures. KRY provides online medical consultations with doctors and psychologists via video chat. The funding will be used to expand its services to more countries in Europe and beyond.
Swedish startup, Wrapp, also raised a significant amount of funding this week. The social gifting platform secured $25 million in a Series B round led by Northzone. Wrapp allows users to send digital gift cards to friends and family via their mobile phones. The new funding will be used to expand its presence in Europe and the US.
Finally, French startup, Qonto, raised a $115 million Series C funding round led by Tencent. Qonto is a digital banking platform that provides business accounts and payment services to small businesses. The new funding will be used to expand its product offering and customer base.
Overall, it was a busy week for European startups as companies across the continent received significant amounts of funding from investors. These investments will help these startups continue to grow and develop their products and services, ultimately helping to drive innovation in the European startup scene.
Source: Plato Data Intelligence: PlatoAiStream