Funding Wrap of the Week | European Startups Funding Roundup | January 21–26

Saturday 27, 2024 | By Startup Rise EU

There are a lot of funding transactions in European startup ecosystem for growth-stage and early-stage deals this week; we’ll discuss the top ten.

Here are the Top10 Funding Deals of this Week

Plural

Plural secures €400 million funding from Carina Namih, Ian Hogarth, Khaled Helioui, Sten Tamkivi, and Taavet Hinrikus.

Plural is an early-stage investment fund that supports the most driven founders who want to use technology to transform the world. It was established in June 2022 with the intention of providing investors with company-building expertise who are as ambitious as serious founders in Europe.

Kao Data

Kao Data secures £206million in debt funding from Deutsche Bank. Leading the way in the creation and management of data centres in the UK and Europe designed for artificial intelligence and advanced computing is Kao Data.

They give their clients a safe, scalable, and environmentally friendly place to house their computing with an industrial-scale platform influenced by hyperscale.

Launchbay Capital

Launchbay Capital secures $100million in funding led by a globally diverse team of seasoned professionals who spearheaded early investments in major brands like Klarna, Lemonade, Monday.com and others.

LaunchBay is a venture capital firm that focuses on FinTech applications, B2B software, and infrastructure. It makes investments in businesses who have shown their product-market fit and are prepared for growth.

TravelPerk

TravelPerk secures €95 million in funding from SoftBank Vision Fund 2 with significant participation from existing investors, including Kinnevik and Felix Capital.

TravelPerk is a hyper-growth SaaS business travel platform and a pioneer in the future of business travel. It’s all-in-one platform gives travellers the freedom they want whilst providing companies with the control they need. The result saves time, money, and hassle for everyone

Instagrid

Instagrid secures €87 million in series C round funding from Teachers’ Venture Growth (TVG), Pension Plan, with participation from Morgan Stanley Investment Management (MSIM) 1GT climate private equity strategy. Existing investors Energy Impact Partners, SET Ventures, blueworld.group, and High-Tech Gründerfonds, Pierre-Pascal Urbon, also contributed to the round. Additional existing investors include Segnalita Ventures and Wille Finance AG.

Instagrid has developed the world’s most advanced portable battery systems for professionals with challenging power demands to replace polluting fossil generators in sectors like construction, events, film, media, and emergency services.

ElevenLabs

ElevenLabs secures €73 million in series B round funding from Andreessen Horowitz, Nat Friedman, and Daniel Gross co-led this round, which was also supported by Sequoia Capital, SV Angel, Smash Capital, BroadLight Capital, and Credo Ventures.

The goal of voice AI research and deployment firm ElevenLabs is to enable universal content accessibility in any language and speech. ElevenLabs produces AI audio that is incredibly realistic, adaptable, and contextually aware. It can produce speech in hundreds of languages and voices, both new and old.

Infinite Roots

Infinite Roots secures €53 million in series B round funding from Betagro Ventures and REWE Group, Additional investors, such as Clay Capital, FoodLabs, Redalpine, Simon Capital, and Happiness Capital.

Infinite Roots, a biotech business that uses fungus and fermentation to produce the next wave of sustainable alternative proteins. They support a food system that protects the environment while giving everyone access to palatable, nourishing food.

Eatable Adventures

Eatable Adventures secures €30 million in funding. They think Eatable Adventures startups are setting the standard for innovative ways to change the production, processing, and consumption of food.

Their objective is to establish appropriate relationships between corporations and investors and the most disruptive food startups. CREATING THE FOOD COMPANIES OF TOMORROW

Mondu

Mondu secures extra €30 million in debt funding from Vereinigte Volksbank Raiffeisenbank (VVRB), a German bank.

In order to streamline business-to-business payments, entrepreneurs Malte Huffmann, Philipp Povel, and Gil Danziger launched Mondu in 2021. At Mondu, They were transforming the B2B payments landscape by offering payment solutions that let any B2B business expand securely and swiftly.

Qdrant

Qdrant secures $28M in series A round funding from Spark Capital, with participation from 42CAP and Unusual Ventures, two current investors.

An open-source vector search database is called Qdrant Engine. It launches as an API service that allows users to look for the closest high-dimensional vectors. Neural network encoders or embeddings can be fully functional applications for matching, searching, recommending, and much more with Qdrant.

Recommended Stories for You

story
News

German-based Octomind Secures $4.8 Million in Seed Funding

Startup Rise EU Tuesday 23, 2024

story
News

Dublin-based SynOx Therapeutics Secures $75Million in Series B Round Funding

Startup Rise EU Tuesday 23, 2024

story
News

Paris-based Zefir Secures €11Million in Funding

Startup Rise EU Tuesday 23, 2024

story
News

Helsinki-based HappySignals Secures €12 Million in Funding

Startup Rise EU Tuesday 23, 2024

story
News

Italian-based Lithium Lasers Secures €2 Million in Funding

Startup Rise EU Monday 22, 2024

story
News

[Funding alert] Munich-based Smart Reporting Secures €23 Million in Series C Round Funding

Startup Rise EU Monday 22, 2024