European Startup Funding Rounds Tracked for the Week of Feb 27 – March 3: A Comprehensive Round-up
In the fast-paced world of startups, securing funding is often a crucial step towards success. For European startups, the week of Feb 27 – March 3 witnessed several exciting funding rounds that are worth highlighting. From innovative tech companies to promising healthcare startups, here is a comprehensive round-up of the European startup funding rounds during this period.
1. Revolut – London-based fintech startup Revolut raised an impressive $500 million in a Series D funding round led by TCV. The company, known for its digital banking services and multi-currency card, plans to use the funds to expand its product offerings and accelerate its global expansion.
2. Hopin – Virtual events platform Hopin secured $400 million in a Series C funding round, valuing the London-based startup at $5.65 billion. The round was led by Andreessen Horowitz and General Catalyst, with participation from existing investors. Hopin experienced significant growth during the pandemic as businesses turned to virtual events, and this funding will support further development of its platform.
3. Northvolt – Swedish battery manufacturer Northvolt raised $2.75 billion in a private placement to support its ambitious plans of building Europe’s largest battery factory. The funding round was led by Volkswagen and Goldman Sachs, among others. Northvolt aims to meet the increasing demand for electric vehicle batteries and contribute to Europe’s transition towards sustainable energy.
4. Alan – French health insurance startup Alan closed a €185 million ($223 million) Series D funding round, led by Coatue and Dragoneer. The Paris-based company offers digital health insurance services and plans to use the funds to expand its operations across Europe and invest in new product development.
5. Bolt – Estonian ride-hailing and food delivery company Bolt raised €150 million ($182 million) in a funding round led by D1 Capital Partners. The funds will be used to further develop Bolt’s technology and expand its services across Europe and Africa. Bolt has been a strong competitor to Uber in several European markets.
6. Personio – Munich-based HR software startup Personio secured $125 million in a Series D funding round, led by Index Ventures. The company provides an all-in-one HR platform for small and medium-sized businesses and plans to use the funds to accelerate its international expansion and invest in product development.
7. Kry – Swedish telehealth startup Kry raised €262 million ($316 million) in a Series D funding round led by CPP Investments and Fidelity Management & Research Company. Kry offers remote healthcare consultations and plans to use the funds to expand its services across Europe and invest in research and development.
8. Mambu – German cloud banking platform Mambu raised €110 million ($133 million) in a funding round led by TCV. The company provides a flexible banking platform for financial institutions and plans to use the funds to accelerate its global growth and invest in product innovation.
These funding rounds highlight the diversity and innovation within the European startup ecosystem. From fintech and healthtech to clean energy and HR software, startups across various sectors are attracting significant investments. This influx of capital will not only fuel their growth but also contribute to job creation, technological advancements, and economic development in Europe. As the startup scene continues to thrive, it will be interesting to see what the future holds for these promising companies and the European startup landscape as a whole.
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- Source: Plato Data Intelligence.
- Source Link: https://zephyrnet.com/weekly-funding-round-up-here-are-all-european-startup-funding-rounds-we-tracked-this-week-feb-27-march-3/