Funding Wrap of the Week | European Startups Funding Roundup | April 7 – April 12

The Top 10 European Startups Funding Roundup of This Week

HysetCo

Hy24, the world’s leading clean hydrogen pure-play investment manager, and HysetCo, a pioneer in hydrogen mobility solutions, secures €200million in funding to accelerate the decarbonization of urban transport. Hy24 is the leading investor on this funding round including also RAISE Impact and Eiffel Investment Group.

HysetCo, a pioneering hydrogen mobility company and European leader, has developed a unique position with the 1st network of hydrogen distribution stations in France and an integrated hydrogen vehicle rental offer including all useful services. 

Factorial

Factorial, the all-in-one business and HR management platform for SMBs globally, secures $80million in funding Go-To-Market investment from General Catalyst, a leading US-based venture capital firm. This financing comes after Factorial closed a heavily oversubscribed $120 million Series C led by Atomico in October 2022, making Factorial a unicorn.

Founded in 2016, Factorial offers people-centric solutions for small and medium businesses, automating processes from Core HR to Expense management, so they have more time to dedicate to the people within their organization. It serves over 10,000 companies across Europe, US and Latin America. 

Quantonation Ventures

Quantonation Ventures secures it’s second early-stage fund at €70Million of the €200 million target. Quantonation Ventures is at the center of the emerging Quantum Tech industry, and is already investing globally in new companies from this second fund.

Quantonation is the first early-stage VC fund dedicated to deep physics and quantum technologies. Fields such as high-performance computation, secure communications, drug design, or ultra-precise sensing are now driven by innovation based on these disruptive technologies.

Bunq

In its annual report, the European digital bank Bunq reported a net profit of €53 million for 2023. Additionally, the business receives capital of €29 million from its current stockholders.

Ali Niknam, a serial entrepreneur, founded bunq in 2012, and it has significantly transformed the European banking sector. It swiftly grew to become the second-largest neobank in the EU by putting its customers at the centre of the company and developing a product that was based on their needs and desires.

Onum

Onum, which gives companies control over their data, cost, and performance, secures $28million in series A round funding. The fundraise, led by Europe’s leading specialist B2B software investor, Dawn Capital, with participation from Kibo Ventures and Insight Partners, will accelerate Onum’s ambitious hiring plans, product development and commercial expansion globally.

Onum allows you to make quick decisions about infrastructure management, network performance, cybersecurity, and other use cases by monitoring and enhancing your data while it is in transit in pure real-time. By decreasing the amount of data, preventing vendor lock-in, and coordinating the value of each dataset with the actions conducted, Onum helps you maximise the expenses associated with data analytics.

Basemark

Basemark, a leading provider of automotive AR software that enables original equipment manufacturers (OEMs) to develop AR applications for their cars, has successfully raised €22M in series B funding.

Basemark , a finland startup is a leading provider of software and tooling solutions for advanced automotive AR application development, including AR Navigation and AR ADAS visualizations for AR HUDs and other screens in a car. 

Proxima Fusion

Proxima Fusion, the first spin-out from the Max Planck Institute for Plasma Physics (IPP), has secures €20 million in seed funding to propel the Munich-based start-up towards building the first generation of fusion power plants based on quasi-isodynamic (QI) stellarators with high-temperature superconductors.

Spun out from the Max Planck Institute of Plasma Physics in 2023, Proxima Fusion has been accelerating a paradigm shift for clean energy, building on the ground-breaking W7-X experiment in Germany.

Mimo

Mimo, a platform that helps accountants and SMBs manage their finances and streamline cash flow and international payments, has raised €18 million in funding. The startup, founded by Northzone, is using this investment to establish its platform.

Mimo, which stands for “Money In, Money Out,” was founded in 2023 and offers a range of financial tools that combine the functions required for SMBs to better comprehend and manage their cash flow.

Pactio

Pactio, the next-generation digital infrastructure for private markets, has secures $14 million in series A round funding. These new investors join prominent early backers, among whom are Monzo co-founder Tom Blomfield, GoCardless co-founder Matt Robinson, ComplyAdvantage founder Charles Delingpole, former FinCEN director Jim Freis, former Microsoft strategy lead Charlie Songhurst, AngelList CFO Weiheng Zhang, and Entrepreneur First.

‍Pactio provides the $12 trillion private capital industry with critical infrastructure to support digital transformation. Informed by deep industry expertise, Pactio’s controlled tech architecture extends across the full lifecycle of private investments, streamlining, de-risking, and supercharging workflows for professional investment teams from exchange through to exit.

Gilion

Gilion, the Swedish Growth & Funding platform saises €10 million in equity funding round, bringing the total equity raised to €40 million. The new round includes a mix of existing investors reaffirming their belief in their vision, such as Annika Falkengren, former CEO at SEB and former Managing Partner at Lombard Odier, as well as new investors who share their enthusiasm for reshaping funding for tech companies.

Gilion, an innovative method for assessing and discovering fundamentally sound startups, was founded in 2021 by Oliver Hildebrandt, Axel Bruzelius, and Henrik Landgren. Gilion has created a platform that allows for real-time access to and analysis of all important company data. 

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.