The European startup scene is constantly evolving, with new companies emerging and existing ones securing funding to fuel their growth. Keeping up with the latest funding rounds can be a challenge, but it’s essential for investors, entrepreneurs, and anyone interested in the tech industry. In this article, we’ll provide a comprehensive round-up of the funding rounds tracked for the week of March 20-24.
1. Vinted – €250 million
Lithuanian online marketplace Vinted raised €250 million in a funding round led by EQT Growth and joined by previous investors Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital. Vinted allows users to buy and sell second-hand clothing and accessories, and has seen significant growth in recent years.
2. Personio – €90 million
German HR software company Personio raised €90 million in a funding round led by Index Ventures, with participation from existing investors Northzone, Global Founders Capital, and Picus Capital. Personio’s platform helps small and medium-sized businesses manage their HR processes more efficiently.
3. Flink – €52 million
German grocery delivery startup Flink raised €52 million in a funding round led by Target Global, with participation from Northzone, Cherry Ventures, and TriplePoint Capital. Flink promises to deliver groceries to customers’ doors in under ten minutes, and has plans to expand across Europe.
4. Paddle – $68 million
UK-based software sales platform Paddle raised $68 million in a funding round led by FTV Capital, with participation from Kindred Capital, Notion Capital, and 83North. Paddle helps software companies sell their products more effectively, and has seen strong growth in recent years.
5. Bitpanda – $170 million
Austrian cryptocurrency exchange Bitpanda raised $170 million in a funding round led by Valar Ventures, with participation from DST Global, Jump Capital, and others. Bitpanda allows users to buy and sell cryptocurrencies, as well as precious metals and other assets.
These are just a few of the funding rounds that took place in Europe during the week of March 20-24. Other notable rounds included UK-based cybersecurity company Tessian raising $65 million, and French fintech startup Mooncard raising €20 million. These funding rounds demonstrate the continued strength and diversity of the European startup scene, and suggest that there is plenty of capital available for innovative companies with strong growth potential.
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