, 2021
The European startup scene is booming, and the week of February 27 – March 3, 2021 was no exception. A number of startups across the continent raised significant funding rounds to help them continue to grow and innovate. Here’s a look at some of the biggest European startup funding rounds of the week.
First up is Berlin-based fintech startup N26, which raised $170 million in a Series D funding round led by Insight Partners. This brings N26’s total funding to date to $670 million, and the company plans to use the new capital to expand its product offerings and customer base. N26 is a mobile banking platform that offers users a range of services, including savings accounts, credit cards, and investments.
Next is London-based AI startup Graphcore, which raised $222 million in a Series D funding round led by Atomico. This brings Graphcore’s total funding to date to $450 million, and the company plans to use the new capital to further develop its AI chip technology. Graphcore’s AI chips are designed to be more efficient and powerful than traditional CPUs, and the company is working with major tech companies like Microsoft and Google to bring its technology to market.
Another big funding round this week was for Paris-based healthtech startup Doctolib, which raised $170 million in a Series D funding round led by General Atlantic. This brings Doctolib’s total funding to date to $450 million, and the company plans to use the new capital to expand its digital health services across Europe. Doctolib is a digital health platform that helps patients find doctors, book appointments, and access medical records.
Finally, we have Stockholm-based e-commerce startup Tictail, which raised $35 million in a Series C funding round led by Balderton Capital. This brings Tictail’s total funding to date to $60 million, and the company plans to use the new capital to expand its e-commerce platform into new markets. Tictail is an e-commerce platform that helps small businesses create and manage their own online stores.
These four startups are just a few examples of the many European startups that are raising significant funding rounds this week. With such a strong startup ecosystem in Europe, it’s no wonder that investors are eager to get involved. As more startups continue to raise funding rounds, we can expect to see even more innovation coming out of Europe in the near future.
Source: Plato Data Intelligence: PlatoAiStream