Funding Wrap of the Week | European Startups Funding Roundup | June 17 – June 21

The Top 10 European Startups Funding Roundup of This Week

Avolon

Avolon, a leading global aviation finance company, announces it secures $750 million in a new unsecured credit facility with a syndicate of seven banks predominantly in the Middle East and India.

Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel.

Char.gy

London-based EV charging company Char.gy secures €118.25million in funding from the Charging Infrastructure Investment Fund (CIIF), to expand its on-street charging network across the UK in the next five years.

Founded by Richard Stobart, Char.gy is a UK-based company that supplies and manages a network of more than 3,000 public charging stations for electric vehicles (EVs).

Zilch

Zilch, the world’s first ad-subsidised payments network (ASPN), secures £100 million in debt funding arranged by Deutsche Bank (DB).

Zilch’s vision is to eliminate the cost of consumer credit. For good. It is a multi-award-winning and pioneer of the world’s first direct-to-consumer, ad-subsidised payments network (ASPN).

Wind

Wind, an emerging European VC built and backed by successful entrepreneurs, announced the launch of a new Article 9 fund. The €90 million of its initial fund closing was secured by the €130 million fund, exceeding all expectations.

Paris-based Wind are a VC built and backed by entrepreneurs. They invest in sustainable change. Their mission id to find, fund, and power European innovators who are shaping the future with solutions that meet humanity’s needs without compromising the planet.

iOnctura

iOnctura, a clinical-stage biopharmaceutical company has secured €80 million Series B financing. The funding round was led by new investor Syncona Limited with participation by the EIC Fund, the venture arm of the European Innovation Council (EIC).

Founded in 2017, iOnctura is a clinical-stage biopharmaceutical company combating neglected and hard-to-treat cancers with precision oral small molecules that target cancers in novel ways.

Kfund

Spanish Kfund has secured €70M in commitments for its sixth fund. The fund manager plans to support entrepreneurs in creating and consolidating the companies that will define the future of business in southern Europe.

Founded in 2016, Kfund is a multi-stage, multi-product family of funds supporting entrepreneurs across Southern Europe and Latam. With more than €500m AUM, Kfund invests from pre-seed to Series B and can write cheques between €100k to €15m.

Isar Aerospace

Satellite launch service company Isar Aerospace announced a significant extension of its Series C round by more than EUR 65m, now totaling more than EUR 220m.

Isar Aerospace, based near Munich, develops and builds launch vehicles for transporting small and medium-sized satellites as well as satellite constellations into Earth’s orbit.

FINBOURNE Technology

FINBOURNE Technology’s solutions deliver an interconnected network of functionality and data that enables the investment community to better serve clients in a constantly evolving market; it secures £55 million in series B round funding.

FINBOURNE’s solutions deliver an interconnected network of functionality and data that enables the investment community to better serve clients in a constantly evolving market.

PQShield

PQShield, a cybersecurity company specializing in post-quantum cryptography (PQC), secures $37million in series B round funding.

PQShield is a post-quantum cryptography (PQC) company building the quantum-safe cryptography solutions that are modernizing the vital security systems and components of the global technology supply chain.

CuspAI

CuspAI, a transformational AI company building a platform for next-generation materials to tackle global sustainability and clean energy challenges secures $30million in seed funding from leading European an US venture funds.

CuspAl is an applied AI company dedicated to building a platform for next-generation materials that solve critical global challenges across sustainability and clean energy. 

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