Top 10 Funding Wrap of the Week – October 7 – October 11 2024

The Top 10 European Startups Funding Roundup of This Week

Zepz

Zepz, formerly known as WorldRemit, has successfully secured $267 million in funding to drive its expansion into African markets. The funding round, led by Accel, also involved TCV and Leapfrog, with a commitment of up to $20 million from the International Financial Corporation.

GROPYUS

GROPYUS, the technology-based and fully vertically integrated construction company specialized in creating affordable and sustainable timber-hybrid buildings, raises €100million in funding. This means GROPYUS has already raised over 300 million euros in equity investment since its founding in 2019.

Basecamp Research

Basecamp Research secures $60 million in series B round funding led by Singular, bringing its total funding to $85 million. The company builds foundational AI models on top of the world’s largest database of biological information, enhancing AI's understanding of biology for improved performance in designing complex biological systems.

Tensor Ventures

Tensor Ventures launched a new €50 million fund. The fund aims to give investors access to the most attractive deep tech startups in the Czech Republic and beyond in sectors such as quantum technologies, biotech, security tech, Software 2.0, energy, and climate tech.

XFarm Technologies

XFarm Technologies, a key player in digitalizing the agri-food sector, secures an impressive €36 million in Series C round funding! This recent funding round, led by Partech's Impact Growth Fund, with participation from Mouro Capital, Swisscom Ventures, United Ventures, and existing institutional investors, marks a significant milestone for the company.

Qantev

Qantev – the most advanced AI-powered platform transforming how health and life insurers manage claims, reduce costs and improve services – has secures €30 million in new funding round led by Blossom Capital, with participation from existing investors Elaia, Omnes and RAISE Venture.

Paebbl

Paebbl, a company specializing in turning captured CO2 into permanent, carbon-storing materials, has successfully secured €22.8 million in series A round funding. 

LUMICKS

The European Investment Bank (EIB) and LUMICKS have signed a €20 million venture debt agreement to accelerate the launch of its next generation, high throughput cell avidity platform.

Easyvest

Easyvest, an online financial advisor, secures €13 million in funding from Belgium’s second-largest bank insurer Belfius and federal holding and investment company SFPIM.

Lightdash

Open source business intelligence platform Lightdash secures $11million in series A round funding to accelerate the adoption of self-serve data analytics for modern teams.

Faqs - Funding Roundup in This Week