In the fast-paced world of startups, securing funding is crucial for growth and success. Each week, numerous European startups announce funding rounds to support their innovative ideas and ambitious goals. From February 12 to February 16, several startups across Europe have successfully raised significant amounts of capital to fuel their expansion plans. Let’s take a closer look at some of the notable funding updates from the past week.
1. Wolt – Helsinki, Finland
Finnish food delivery startup Wolt raised €100 million in a Series G funding round led by ICONIQ Growth. The company plans to use the funds to further expand its presence in Europe and Asia, as well as invest in technology and product development.
2. Personio – Munich, Germany
German HR software startup Personio secured €125 million in a Series D funding round led by Index Ventures. The company aims to use the funds to accelerate its international expansion and enhance its product offerings for small and medium-sized businesses.
3. Glovo – Barcelona, Spain
Spanish on-demand delivery startup Glovo raised €450 million in a Series F funding round led by Lugard Road Capital and Luxor Capital Group. The company plans to use the funds to strengthen its position in existing markets and expand into new regions.
4. Revolut – London, UK
UK-based fintech startup Revolut announced a $800 million funding round led by SoftBank Vision Fund and Tiger Global Management. The company intends to use the funds to support its global expansion efforts and launch new products and services.
5. Bolt – Tallinn, Estonia
Estonian ride-hailing startup Bolt raised €600 million in a Series E funding round led by Sequoia Capital and Tekne Capital Management. The company plans to use the funds to expand its services beyond transportation and into new verticals.
These are just a few examples of the exciting funding rounds that took place in the European startup ecosystem last week. The significant investments made in these startups reflect the confidence of investors in their potential for growth and success. As these startups continue to innovate and disrupt their respective industries, we can expect to see even more exciting developments in the weeks and months ahead. Stay tuned for more updates on European startup funding rounds as we continue to track the latest news and trends in the startup world.
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- Source Link: https://zephyrnet.com/weekly-funding-round-up-all-of-the-european-startup-funding-rounds-we-tracked-this-week-february-12-february-16-eu-startups/