Top 10 Funding Wrap of the Week – October 14 – October 18 2024

The Top 10 European Startups Funding Roundup of This Week

Nuclera

Nuclera, the biotechnology company accelerating protein expression and purification workflows through its benchtop protein system, secures $75 million in series C round funding (circa £57 million).

node.vc

node.vc! The Nordic early-stage venture capital firm, led by veterans of renowned startups like Tobii and Paradox Interactive, has secured €71 million in funding. This investment will fuel their mission to build a thriving ecosystem for entrepreneurs.

Vay

Vay is a German firm developing teledriving technology is receiving a €34 million loan from the European Investment Bank (EIB) to expand its business throughout Europe. 

CorPower Ocean

Stockholm based CorPower Ocean has secured EUR 32 million in Series B1 funding round. It is a largest single investment in wave energy technology. CorPower Ocean use this funding to make wave energy a mainstream, bankable energy source.

Stoïk

Cyber insurance leader Stoïk secures €25 million in series B round funding led by Alven with participation from existing investors: Andreessen Horowitz, Munich Re Ventures, Opera Tech Ventures, and Anthemis.

OroraTech

OroraTech, the world leader in wildfire intelligence, announced the successful closure of its €25 million Series B funding round led by Korys, the European Circular Bioeconomy Fund (ECBF), and long-standing investor Bayern Kapital.

Gladia

Gladia, an AI transcription and audio intelligence provider, has secured $16 million in series A round funding. This funding will drive the development of an end-to-end audio infrastructure, starting with a cutting-edge real-time audio transcription and analytics engine.

Bioscience

Shift Bioscience is a biotech company using generative AI models to understand how activation of different genes can reverse the aging process. This research is a fundamental step forward in designing more effective drugs to treat age-related diseases.

Zerve

Zerve is a platform for data science and AI development that enables code-first data teams to reduce cycle times by up to nine times, revealed today that it has raised $7.6 million in a seed round.

Cirdan

An Irish startup, Cirdan, dedicated to tackling global healthcare challenges, secures £7.5 million in funding from the Investment Fund for Northern Ireland (IFNI) and global investment firm 57 Stars.

Faqs - Funding Roundup in This Week