Top 10 Funding Wrap of the Week – July 8 – July 12 2024

The Top 10 European Startups Funding Roundup of This Week

Index Ventures

Index Ventures, a leading global venture capital firm, secures $2.3 billion in funding to forge relationships with exceptional entrepreneurs who are creating transformative, category-defining businesses. Index is investing $2.6 billion in funding to support founders from seed to IPO, in addition to its $300 million Origin seed fund.

Helsing

Defence AI company Helsing secures €450 million in a series C round funding led by General Catalyst, with participation from Elad Gil, Accel, Saab, Lightspeed, Plural and Greenoaks.

Alpine Space Ventures

Alpine Space Ventures, an industry-insider-led venture capital business covering early-stage investments in the growing European space sector, raises €170 million for its first fund.

QX Global Group

QX Global Group is a leading provider of business process management services. QX seeks to further expand its platform capabilities and global growth footprint, it is pleased to announce that it has secured a growth investment of £100 million+ from Long Ridge Equity Partners.

LUMO Labs

Dutch fund manager LUMO Labs secures LUMO rise fund at €100million. With this fund, LUMO Labs invests in European start-ups focused on the development and application of emerging digital technologies for a greener and stronger society.

Myricx Bio

Myricx Bio (‘Myricx’), a UK biotech company focusing on the discovery and development of a completely novel class of payloads for antibody-drug conjugates (ADCs), announced the closing of its series A financing raising £90m ($114m). The round was co-led by new leading life science investors Novo Holdings and Abingworth.

Frumtak

Frumtak Ventures, an early-stage investor, has raised $87 million for Frumtak IV, its fourth fund. Investors will be concentrating on businesses that operate at the nexus of deeptech, AI, and software, capitalising on Iceland's historical advantages in sectors including energy, climate change, healthcare, transport, logistics, and ocean technology.

SciRhom

Munich, Germany-based SciRhom GmbH, a biopharmaceutical company pioneering the development of first-in-class therapeutic iRhom2 antibodies, announced the closing of a EUR 63 million (USD 70 million) Series A financing round.

planqc

planqc, the European leader in digital atom-based quantum computing, proudly announces the securement of €50 million financing. This substantial Series A investment is led by the European Family Office CATRON Holding and the DeepTech & Climate Fonds (DTCF).

Nala

Nala, a London, UK-based fintech company Building Payments for the Next Billion has raised $40M in Series A Funding. The round was led by San Francisco-based VC firm Acrew Capital, with participation from DST Global, Norrsken22, HOF Capital, and existing investors including Amplo and NYCA Partners. A number of angel investors, including fintech founders Ryan King of Chime and Vlad Tenev of Robinhood made investments too.

Faqs - Funding Roundup in This Week