The European startup scene is buzzing with activity, and the week of February 27 – March 3 was no exception. A number of startups across the continent secured funding rounds, with a total of $1.2 billion raised. This is a testament to the strength of the European startup ecosystem, and the potential for growth in the coming years.
In the UK, the biggest deal of the week was a $300 million Series C round for London-based fintech startup Monzo. The round was led by Y Combinator Continuity, with participation from existing investors Accel, General Catalyst, and Stripe. Monzo has now raised a total of $680 million since its launch in 2015, and is now valued at $2.5 billion.
In Germany, Berlin-based mobility startup Tier Mobility raised a $60 million Series B round. The round was led by Goodwater Capital, with participation from existing investors Northzone and Target Global. Tier Mobility has now raised a total of $90 million since its launch in 2018, and is now valued at $500 million.
In France, Paris-based AI startup Snips raised a $37 million Series B round. The round was led by Korelya Capital, with participation from existing investors Bpifrance and Innova Capital. Snips has now raised a total of $64 million since its launch in 2013, and is now valued at $200 million.
In Spain, Madrid-based fintech startup Bankin’ raised a $30 million Series B round. The round was led by Idinvest Partners, with participation from existing investors Partech Ventures and Orange Digital Ventures. Bankin’ has now raised a total of $45 million since its launch in 2014, and is now valued at $200 million.
Overall, it was a great week for European startups. These companies are leading the way in terms of innovation and growth, and are setting an example for other startups in the region to follow. With more funding rounds expected in the coming weeks, it’s clear that the European startup ecosystem is thriving.
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- Source: Plato Data Intelligence: PlatoAiStream