Funding Wrap of the Week | European Startups Funding Roundup | Feb 25 – March 1

The Top 10 European Startups Funding Deals of This Week

Verdane

Verdane secures Edda III past target at €1.1 billion funding. In the past six months, Verdane has successfully closed two funds above target, together totalling €2.2 billion, including the €1.1 billion Freya XI fund which held its final close in September 2023.

Verdane is an expert growth investment company that collaborates with sustainable and tech-enabled European companies. Verdane focuses on two main growth themes: digitalization and decarbonisation.

ENVIRIA

ENVIRIA raises €185 million in series B funding from BlackRock, through its Global Renewable Power IV (GRP IV) fund.  As part of the company’s growth goal, the extra funding will help to expand the 500 C&I solar projects that are now operational throughout Germany.

ENVIRIA’s creative solar-centric projects are crafted and constructed using EPC experience and financial engineering principles tailored to the specific requirements of the business-to-business (B2B) sector.

Powerdot

Powerdot secures €100 million in funding. The leaders of this round were Arié Group and Antin Infrastructure Partners. With this calculated investment, it will be able to develop new technologies more quickly, extend its infrastructure for charging, and establish more solid strategic alliances across Europe.

Powerdot, they strive to make charging solutions that are a seamless part of their daily life, thereby enhancing the experience of all electric vehicle users. Supermarkets, restaurants, retail centers, and medical facilities. 

Unseenlabs

Unseenlabs secures €85 million in funding bringing its funding to €112.5 million.Leading new investors Supernova Invest, ISALT through its Strategic Transition Fund, and UNEXO are participating in this latest funding round.

Established in 2015, Unseenlabs is a French enterprise situated in Rennes, Brittany, and headed by the Galic brothers. The original concept originated from a finding regarding ships at sea: a significant deficiency of geolocation information was present.

Photoroom

Photoroom secures $43 million in series B round funding. This round was led by returning investor Balderton Capital, welcomed newcomer Aglaé, and continued to receive backing from YCombinator.

The best AI photo editor in the world is Photoroom. Their goal is to empower more individuals with the capacity to create powerful photos. Businesses are elevated by Photoroom’s stunning photography. 

RobCo

RobCo secures $42.5million in series B Round funding from Lightspeed and additional investors to fuel its development and growth trajectory. Former Apple and Nvidia investor Sequoia Capital, along with Kindred Capital and Promus Ventures, also participated.

Established in 2020 by a team led by Roman Hölzl at the Chair of Robotics and Artificial Intelligence at the Technical University of Munich, RobCo GmbH offers adaptable, affordable, and connected robotics solutions tailored for industrial SMEs to automate repetitive manual tasks.

Lapse

Lapse secures €28 million in series A round funding. Prominent Internet technology investors Greylock and DST Global Partners, together with current investors GV (Google Ventures) and Octopus Ventures, co-led this round. Alongside well-known angel investors Praveen Murugesan (former director of engineering at Uber), Nima Khajehnouri (former vice president of engineering at Snap Inc.), Soleio (investor and designer), and Naveen Gavini (former chief product officer at Pinterest) returned to participate, Speedinvest.

They are under a lot of pressure to record and share Their lives online. Lapse, a photography app inspired by film, reclaims the way tehy capture and share moments with others.

Orbis Medicines

Orbis Medicines secures €26million in seed funding. This round was led by global life sciences investor Novo Holdings and European life sciences venture firm Forbion.

Orbis Medicines is a biotechnology company focused on pioneering a new era for oral macrocycle drug discovery. Macrocycles are a large and diverse family of compounds with highly desirable therapeutic properties, defined by the presence of a cyclic structure.

Ether.fi

Ether.fi Secures $23Million in series A round funding led by Bullish Capital and CoinFund. With $23 million from strategic investors. The release states that the ether.fi series Bullish Capital and CoinFund spearheaded an investment round in which OKX Ventures, Foresight Ventures, and Consensys were among the principal participants.

A decentralized, non-custodial mechanism for ETH staking is called EtherFi. It is the first staking protocol that lets node operators handle validator functions while yet allowing stakers to maintain control over their keys.

Vibe.co

Vibe.co secures $22.5million in series A round funding. The round, led by Singular, also comes with a reinvestment from Elaia Partners and the participation of Sequoia’s Scout Fund, Motier and seasoned Ad Tech investors like Benjamin Antier, Cyril Vermeulen, Laurent Asscher, Very Group, and Alain Roubach.

Vibe has painstakingly eliminated obstacles to entrance in the realm of streaming TV advertising. Vibe can be a valuable strategic partner for traditional media buyers and digital advertisers that are dubious about the effectiveness of TV performance marketing. 

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

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

Verdane, ENVIRIA, Powerdot, Unseenlabs, Photoroom, RobCo, Lapse, Orbis Medicines, Ether.fi, Vibe.co, are the Top 10 European Startups Funding Deals in This Week.