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EU-Startups
Stefano De Marzo @ EU-Startups · 05/22/2024 10:27 EDT

London-based Nory raises €14.7 million Series A to spearhead AI across the hospitality industry

Nory, an AI powered operating system for hospitality businesses, has secured €14.7 million in Series A funding round led by Accel, taking its total raised to $25 million, following 400% revenue growth in 2023. Existing investors Cavalry, Playfair, Samaipata and Triplepoint also participated in the round. This investment will be used to accelerate product development ... Read more

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EU-Startups
Stefano De Marzo @ EU-Startups · 05/22/2024 08:52 EDT

Cologne-based DeepL bags €277 million to address the global demand for AI language solutions

DeepL, a leading Language AI company, announced €277 million of investment at a $2 billion valuation. Led by Index Ventures, the heavily oversubscribed round attracted strong support from new investors, who will bring their extensive expertise, connections, and resources to support DeepL’s growth and long-term vision to transform the way companies communicate around the world. ... Read more

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EU-Startups
Antonio L. Escárzaga @ EU-Startups · 05/22/2024 07:37 EDT

EU Sparks for climate: Citizen hackathon championship begins

The EU Sparks for Climate: Citizen Hackathon Championship is calling on citizens and researchers to tackle urgent climate challenges. This virtual competition aims to develop innovative solutions and supports two key EU missions: Climate Change Adaptation and Climate-Neutral and Smart Cities. From May to June 2024, 22 virtual local hackathons will be held, engaging teams ... Read more

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EU-Startups
Stefano De Marzo @ EU-Startups 3 place · 05/22/2024 05:21 EDT

Paris-based En Carta secures €1.5 million pre-seed to advance platform for early Lyme disease detection

En Carta Diagnostics, a deeptech startup developing rapid Point-of-Care (POC) molecular diagnostics kits, announced €1.5 million in pre-seed funding. This investment will enable En Carta to make a substantial leap forward in achieving preclinical data on a prototype diagnostic kit for its flagship indication, the debilitating Lyme disease, while ensuring its ability to scale industrially.  ... Read more

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EU-Startups
Stefano De Marzo @ EU-Startups 3 place · 05/22/2024 04:01 EDT

London-based KARRI secures €900k pre-seed to launch smart walkie-talkie for kids and parents

KARRI, a startup developing a smart walkie-talkie for children, has raised €900k in pre-seed funding. The round was led by 468 Capital and included contributions from a notable group of angel investors such as Verena Pausder (an early backer of play-based learning provider Edurino and Chair of the Board at the German Startup Association), Hakan ... Read more

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EU-Startups
Stefano De Marzo @ EU-Startups · 05/22/2024 03:33 EDT

Tallinn-based maternity startup CARÁ Health secures €620k to expand in German market

CARÁ Health, an all-encompassing health and wellness resource that provides women with support and guidance throughout the maternity journey, from pregnancy to postpartum, has today announced the raise of €620k in a seed funding round. The round was led by Tera Ventures, with participation from Startup Istanbul founder Burak Büyükdemir via StartupIst Ventures. It brings ... Read more

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EU-Startups
Stefano De Marzo @ EU-Startups · 05/22/2024 02:46 EDT

London-based Praktika raises €29.9 million to personalise language learning with AI-powered avatar tutors

Praktika, an award-winning language learning app that uses highly personalised AI-powered avatars, has secured €29.9 million in Series A funding led by Blossom Capital to disrupt the traditional language learning market, after a previously unannounced $2.5 million Seed round led by Creator Ventures and Blue Wire Capital. These rounds included participation from prominent figures including ... Read more

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EU-Startups
Peter Finnie @ EU-Startups · 05/21/2024 09:18 EDT

Why the corporate you jump into bed with today could spoil your exit tomorrow

In the startup world, securing partnerships with multinational corporations can feel like hitting the jackpot. Access to resources, market reach, and industry expertise — all seem like an entrepreneur’s dream come true. However, a crucial element often gets overlooked: IP (Intellectual Property) ownership and rights. As enticing as corporate partnerships may be initially, startups must ... Read more

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EU-Startups
Stefano De Marzo @ EU-Startups · 05/21/2024 07:19 EDT

Vienna-based robotics startup Silana raises €1.5 million to optimise the clothing production puzzle

Vienna-based Silana, a startup that has developed the world’s first sewing robot, aiming to counter the precarious working conditions in garment manufacturing, just raised €1.5 million. The round is led by the renowned DeepTech investor SOSV, alongside participation in the hardware accelerator HAX in New York. Also involved are the OÖ HightechFonds, tech investor Material ... Read more

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EU-Startups
Stefano De Marzo @ EU-Startups · 05/21/2024 05:41 EDT

Toulouse-based OneStock bags €66 million to help brands unlock their full omnichannel potential

OneStock, a leading provider of Order Management Systems (OMS), announced a €66 million investment from global growth equity investor Summit Partners. This new funding will be used to fuel OneStock’s continued international expansion, particularly into the U.S. market, and to help accelerate the company’s vision for a retail landscape where order management is seamless and ... Read more

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EU-Startups
Stefano De Marzo @ EU-Startups · 05/21/2024 05:31 EDT

London-based Zen Educate secures €34 million Series B to connect schools with absent staff to the best available teachers

Zen Educate, an online marketplace that matches schools with the best available substitute teachers and teaching assistants, has successfully closed a €34 million Series B. It was led by Round2 Capital, with support from existing investors Adjuvo, Brighteye Ventures, FJ Labs, Ascension Ventures, and prominent angels, including Octopus founder and CEO Simon Rogerson. This marks ... Read more

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EU-Startups
Antonio L. Escárzaga @ EU-Startups · 05/21/2024 05:16 EDT

Swiss-based Limula raised over €6.2 million aiming to democratise access to life-saving cell and gene therapies

Over the last decade, several breakthrough Cell and Gene Therapy products have been approved in the USA and Europe to turn stem cells and immune cells into ‘living cures’, bringing hope to millions living with life-threatening conditions. However, these treatments remain out of reach for 98% of patients suffering from what are now curable conditions. ... Read more

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EU-Startups
Antonio L. Escárzaga @ EU-Startups · 05/21/2024 04:45 EDT

London-based LabGenius raises over €40.1 million to further develop its ML-driven antibody discovery platform

London-based LabGenius, a drug discovery company pioneering the use of machine learning for the discovery of novel therapeutic antibodies, today announced that it has closed a Series B financing round of over €40.1 million. The investment brings LabGenius’ total funding to date to more than €67.8 million. The round was led by new investor M ... Read more

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EU-Startups
Antonio L. Escárzaga @ EU-Startups · 05/21/2024 04:01 EDT

Danish industrial biotech startup Cellugy raises €4.9 million to replace petrochemicals in personal care products

Søborg-based Cellugy, a Danish industrial biotech startup developing innovative, natural, biofabricated cellulose-based solutions to replace fossil-based materials in various industrial applications, has raised €4.9 million in seed funding to scale up production of its EcoFLEXY dry cellulose product to industrial volumes. The round was led by Germany’s ICIG Ventures and Denmark’s Unconventional Ventures, with new, ... Read more

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EU-Startups
Antonio L. Escárzaga @ EU-Startups · 05/21/2024 02:57 EDT

London-based social commerce app Haz raises €1.2 million to creates live feeds of users’ old and new purchases

London-based startup Haz, an AI social commerce app that connects friends through the things they own, announced €1.2 million in pre-seed funding led by Speedinvest with participation from the scout programmes of A16Z (co-founder Reface, Dima Shvets), Atomico (Sameer Singh), Concept Ventures (Oliver Kicks), and notable individuals from Lapse, Lendable, Lottie & Ecoigo. The funding ... Read more

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EU-Startups
Tea Vrcic @ EU-Startups 1 place · 05/17/2024 11:24 EDT

Weekly funding round-up! All of the European startup funding rounds we tracked this week (May 13 – May 17)

This article is visible for CLUB members only. If you are already a member but don’t see the content of this article, please login here. If you’re not a CLUB member yet, but you’d like to read members-only content like this one, have unrestricted access to the site and benefit from many additional perks, you ... Read more

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EU-Startups
Thomas Ohr @ EU-Startups 2 place · 05/17/2024 06:36 EDT

PolyAI raises €46 million to further optmise its conversational AI for unbeatable customer service automation

The London-based AI startup PolyAI has just raised over €46 million in a Series C funding round, backed by new investors Hedosophia, NVentures (NVIDIA’s venture capital arm) and Zendesk, with follow-on investments from Khosla Ventures, Georgian, Point72 Ventures, Sands Capital and Passion Capital. With this raise, PolyAI has now secured over €110 million in funding. ... Read more

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EU-Startups
Antonio L. Escárzaga @ EU-Startups 3 place · 05/17/2024 03:32 EDT

Innovators in Defence: 10 European startups shaping the future of global security

In recent years, the landscape of global security has undergone a significant transformation, driven by rapid advancements in technology and a surge in defence-focused innovation. Defence startups across the globe are at the forefront of this shift, reshaping traditional defence mechanisms and strategies with cutting-edge innovations. These emerging companies are not merely suppliers of new ... Read more

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EU-Startups
Stefano De Marzo @ EU-Startups 2 place · 05/17/2024 03:18 EDT

Karlsruhe-based Codesphere raises €16.5 million to reduce infrastructure costs in DevOps

Codesphere, which enables developers to program and scale complex applications directly in the cloud, has secured €16.5 million in funding. Pan-European VC Creandum led the investment round with existing investors including LEA Partners, Begin Capital, 42CAP and 468 also participating. Founded in 2020, Codesphere has now raised $26.5 million to date. This new capital injection ... Read more

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EU-Startups
Antonio L. Escárzaga @ EU-Startups · 05/16/2024 11:40 EDT

Paris-based Tulyp raises €1.5 million aiming to revolutionise digital trade finance for SMEs 

Tulyp, the one-stop shop software platform digitalizing trade finance based in Paris, has successfully closed a €1.5 million Seed round led by Speedinvest alongside other major investors including Kima Ventures, Purple Ventures and business angels. With clients spanning three continents, Tulyp is committed to ensuring that SMEs have access to trade finance services on par ... Read more

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