Funding Wrap of the Week | European Startups Funding Roundup | March 24 – March 29

Saturday 30, 2024 | By Startup Rise EU

European Startups raised capital in order to expand and move into more successful. Here is this week's Top 10 European Startups Funding Roundup.

European Startups raised capital in order to expand and move into more successful. Here is this week's Top 10 European Startups Funding Roundup.

The Top 10 European Startups Funding Roundup of This Week

Global Screening Services

Global Screening Services (GSS), a leading RegTech pioneer, secures over $47 million series A2. Notable contributors include AlixPartners, Cynosure Group, and the latest addition, Commonwealth Bank of Australia (CBA).

Global Screening Services , a uk startup brings global financial institutions together to deliver higher standards in compliance, providing a trusted platform to enhance and exchange information. 

Robovision

AI-powered computer vision platform, Robovision secures $42million in funding increasing its total funding to $65 million. The financing was headed by Astanor Ventures and Target Global. Red River West entered the financing round as well.

Robovision, a belgiun startup is a central platform to manage vision intelligence. It is an computer vision software that Successfully introduce AI in dynamic environments without the need for AI experts. This platform acts as a revolutionary startup in the belgium startup ecosystem.

Protembis

Protembis GmbH (Protembis), a privately-held emerging cardiovascular medical device company secures €30million in series B round funding. It was co-led by a European consortium of VC investors including Sweden-based Segulah Medical Acceleration, Italy-based XGEN Venture, and Germany-based TechVision Fund.

Protembis stands out as a notable player within the dynamic German startup ecosystem. This innovative heart surgery device (the ProtEmbo® Cerebral Protection System) is an intra-aortic filter device that protects the entire brain from embolic material liberated during transcatheter aortic valve replacement (TAVR). 

Hive

Hive, a Switzerland Startup, has raised €12 million in a series A fundraising round. SC Ventures, Standard Chartered’s innovation, fintech investment, and ventures arm, led this financing in an effort to give more people and companies access to powerful, long-lasting computer resources. It’s, seed round was led by OneRagtime, a French venture capital fund, and included a number of individual investors.

Hive, a Cloud tech startup , is reimagining the cloud by combining the underutilised hard drive and processing power of individual devices to create a distributed cloud architecture, replacing the costly centralised model that employs physical servers.

Oriole Networks

Oriole Networks, a startup that using light to train LLMs 100 times quicker while consuming a small amount of power secures €11.6 million in seed funding. The round was co-led by UCL Technology Fund, Clean Growth Fund, XTX Ventures and Dorilton Ventures, with support from Innovate UK Investor Partnership. 

Oriole Networks, A new company that will revolutionise the performance of AI systems and speed up data centres, whilst dramatically reducing energy consumption for a sustainable future.

Tonic App

Tonic App secures €10.85 million in series A Round funding. The third round of funding for Tonic App was co-led by venture capital firms BlueCrow Capital and Iberis Capital. Participating were its initial backers, the Portuguese Armilar Venture Partners and Portugal Ventures, as well as the Luxembourgish Vesalius Biocapital III.

The Tonic App, a Portuguese startup port serves as each medical doctor’s professional platform. It makes healthcare work more efficient by facilitating team cooperation, allowing for quick and secure discussion of patient cases, and compiling resources and tools for regular professional usage in European healthcare markets.

WASE

WASE, a climate tech startup raises over €9.9 million in funding. The round was led by Extantia Capital, with participation from Hitachi Ventures, WEPA Ventures, the family venture capital firm of the European multigenerational family business WEPA, and Engie New Ventures, the CVC arm of the global energy company Engie.

WASE, is an innovative startup in the uk ecosystem, that goal is to create a sustainable world that values and safeguards their most valuable resources. Eighty percent of wastewater worldwide is released into the environment untreated. They also produce 1.6 billion tonnes of food waste annually.

Midas

Berlin-based Midas secures $8million in funding. This round was led by Framework Ventures, BlockTower and HV Capital. The round also included investments from Cathay Ledger, 6th Man Ventures, Hack VC, GSR, Lattice Capital, Phaedrus, Theia Blockchain, Pareto, Axelar Foundation, Peer VC, FJ Labs, and Coinbase Ventures.

Midas, a German company with limited liability, is an asset tokenization protocol that issues tokenized real-world assets as permissionless ERC-20 tokens. All underlying assets of Midas-issued tokens are held in segregated accounts with institutional custodians. 

Satgana

An global venture capital firm called Satgana has raised €8 million in its first round of fundraising from over 100 LPs in 25 countries. The firm will invest in climate tech startups across Europe and Africa.

Satgana, an early-stage venture capital firm focused on climate technology, is to support the next wave of environmentally conscious businesses. As a worldwide collective, they are fervently committed to addressing climate change.

Scaleup Finance

London-based Scaleup Finance has raises over €7.4 million in funding. Along with Crowberry Capital, Seed X, PROfounders, Fin Capital, and CircleRock Capital, Inveready led the financing.

Scaleup Finance, The solution to every hardship they have experienced as entrepreneurs is scaleup capital. They handle the financial management burden, allowing you to focus on developing, staffing, and growing your startup the way you’ve always wanted to.

In various European Startups Funding Roundup, these startups raised funding from venture capitalists and angel investors, and secured place in the Top 10 European Startups Funding Deals of this Week.

Frequently asked questions (FAQs)

Name the Top 10 European Startups Funding Roundup in This Week?

Global Screening Services, Robovision, Protembis, Hive, Oriole Networks, Tonic App, WASE, Midas, Satgana, Scaleup Finance, are the Top 10 European Startups Funding Roundup in This Week.

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