Funding Wrap of the Week | European Startups Funding Roundup | Jan 28 – Feb 2
Feb 3, 2024 | By Team SR
Here are the Top 10 growth-stage and early-stage European Startups Funding Deals in this week. Let’s talk about the Top 10.
The Top 10 European Startups Funding Deals of This Week
Speedinvest
Speedinvest Secures €350 million in funding from Surfboard (SaaS & Infra, UK), Fertifa (Health & TechBio, UK), Cylib (Deep Tech, Germany), Neocarbon (Climate & Industrial Tech, Germany), and Fairlyne (Marketplaces & Consumer, France), have made numerous investments throughout Europe through Speedinvest 4. Most of these businesses have already raised profitable follow-on rounds from tier-one venture capitalists.
Speedinvest won’t settle with being merely another investor that gives you money and attends board meetings to offer “advice.” Their goal is to provide you with game-changing, actionable, and coordinated support to empower you along the way.
Nebeus
Nebeus raisess €250million in funding for its crypto-backed loan programme. Nebeus offers a low-interest rate structure and a secure service to both corporate and consumer clients.
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Nebeus, which was founded in 2014 by Sergey Romanovskiy, asserts that it started out as one of the first cryptocurrency platforms in the world, specializing in peer-to-peer lending.
Heart Aerospace
Heart Aerospace secures $107 million in series B round funding from Among new investors is Sagitta Ventures, a Danish investor focused on early-stage companies. Other investors include Air Canada, Breakthrough Energy Ventures, European Innovation Council Fund, EQT Ventures, Lowercarbon Capital, Norrsken VC, United Airlines, and Y Combinator.
At Heart Aerospace we work at the cutting edge of technology while contributing towards a sustainable future. Heart’s mission is to decarbonize and democratize air travel.
Future Energy Ventures
Future Energy Ventures secures €110 million in funding. E.ON and the European Investment Fund (EIF), who are anchor investors with a mid-double-digit million euro stake, have joined this recently founded fund.
Future Energy Ventures (FEV) helps world-class, scaleable start-ups that are expediting the energy transition and helping society become carbon neutral. Established in 2016, FEV declared that its SFDR Article 9 fund, Fund II, would close for the first time in January 2024.
IPR.VC
IPR.VC secures €100million in funding Institutional investors can access premium original film and television content assets through IPR.VC., IPR.VC finances movies and television shows throughout Europe, the UK, and North America.
IPR.VC Funds offer an appealing risk-return ratio, a tested investing model, and a track record of making sizable, prompt payments to investors.
DataSnipper
DataSnipper secures $100million in series B round funding from Index Ventures, at a valuation of $1 billion – solidifying the company’s mission to empower auditors with AI, after a record year of doubling its customer base and revenue.
Data is here. Created every second. Faster and faster. To trust the data they are served, they need to validate what we observe. DataSnipper was brought to life by a conversation the founders had with auditors, who were overwhelmed by repetitive manual work.
Practica Capital
Practica Capital secures €80 million in funding from European Investment Fund (EIF) joining as a cornerstone investor. European Bank for Reconstruction and Development (EBRD), SEB Investicijų Valdymas, and Investicijų ir Verslo Garantijos (INVEGA) joined Swedbank Investicijų Valdymas and Swedbank Investeerimisfondid as anchor investors.
Practica Capital is an early-stage VC dedicated to backing Baltic founders. The firm has been invested exclusively in tech potential in the Baltic States for over 10 years.
VIVES IUF
VIVES IUF secures €70million in funding from blue-chip investors, pledged €25 million. VIVES IUF, founded by UCLouvain, plays a key role in bringing together public and private investors with innovative enterprises and scholarly research.
Vives is an interregional seed and early-stage technology multi-sector fund that aims to construct and invest in world-class technology-based firms to support their growth and innovation efforts, with an emphasis on eco-innovation. Its mission is to create significant value.
Kriya
Kriya raises €58 million in funding from a long-standing debt and equity partner, Viola Group. Kriya has assisted companies with collecting over £27 billion in B2B payments and extending over £3.5 billion in credit to suppliers and buyers.
It is currently active in the UK, Ireland, Spain, the Netherlands, Poland, and Belgium. Kriya offers flexible trade financing and B2B payments to ensure your business runs smoothly via all of your sales channels.
Protix
Protix Secures €37million loan from The european investment bank. Protix, Insects are their answer, drawn from the natural world. They can lessen the footprint of their food chain by utilizing the black soldier fly’s amazing capacity to convert organic waste into high-quality proteins.
They are able to sustainably supply the globe with much-needed nutrients by combining sophisticated tech with the power of nature.
These startups played a major role in European Startups Funding ecosystem in this week and secured funding from Venture Capitalists, Angle Investors in different funding Rounds.