Top 10 Funding Wrap of the Week – August 5 – August 9 2024

The Top 10 European Startups Funding Roundup of This Week

Powerdot

Lisbon-based Powerdot, an EV charging point operator, raises €165million in green financing from ABN Amro, BNP Paribas, ING, MUFG Bank, Santander, and Société Générale.

CloudPay

CloudPay , the leading independent provider of global payroll and payments solutions, secures $120 million in funding. Cloudpay round was led by Blue Owl Capital with participation from existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital.

Yodel

Yodel, an independently owned parcel carrier headquartered in Liverpool, has secured £85 million in funding to invest in business automation and modernization over the next three years.

Riverlane

Riverlane, the global leader in quantum error correction technology, secures $75 million in funding to deliver its groundbreaking quantum error correction (QEC) roadmap.

Matrix Renewables

The European Investment Bank (EIB) and Matrix Renewables have signed a €50 million green loan to support the design, construction, and operation of 5 solar photovoltaic plants with an installed capacity of 240 MW located in the regions of Castilla y Leon and Extremadura in Spain.

KNIME

Zurich-based KNIME, an open-source data science and AI company, secures $30Million in funding from its longstanding investor Invus. To date, Invus has invested around $50M (approximately €45.7M) in the Swiss company.

GreenIron

GreenIron, a startup that specializes in the cost-effective, CO2-free reduction of metal oxides to purified metals, recently announced that it has secured €8.6 million in funding from its existing shareholders.

Loré

Loré, a Bordeaux-based company that specializes in software for administering real estate tax and investment affairs, has received €8M in investment from Paris-based investment management firm idiCo as part of a primary Leveraged Buyout (LBO). This represents the inaugural investment of the idiCo Expansion 4 fund.

VSParticle

VSParticle the leading supplier of nanoparticle synthesis and deposition tools secures €6.5 million in A2 extension round funding led by NordicNinja and previous investor Plural to continue its mission to unlock a century of material innovation in the next 10 years.

Userled

Userled raises £4 million to bring the full power of AI-generative marketing to B2B companies. B2B companies rely on it to generate personalised marketing content at scale to convert key customers.

Faqs - Funding Roundup in This Week