Startups Hit €100 million+ in 2024 Funding Report

Discover the startups that secured between €100 million and €125 million this year, driven by innovations in artificial intilligence, sustainability and digital transformation. With strong investor backing, European startups are leading the charge for global growth and innovation. In 2024, local startups and venture capital firms raised an impressive €3002. 25 Million.

Here Are 2024’s €125 million and €100 million Funded Startups

Capify

Leading online SME lender Capify secures £100 million from Pollen Street Capital (“Pollen Street”), an alternative asset manager dedicated to investing within financial and business services.The new facility will support the lender’s ambitious future growth plans and provide working capital to thousands of SMEs over the coming years.

Zilch

Zilch, the world’s first ad-subsidised payments network (ASPN), secures £100 million in debt funding arranged by Deutsche Bank (DB). The financing will enable Zilch to grow its business and accelerate its ability to create and launch new products for a broader base of customers.

QX Global Group

QX Global Group is a leading provider of business process management services. QX has built a uniquely integrated platform that leverages its BPM expertise along with consulting services and automation technologies (including artificial intelligence) to unlock value for its customers. As 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.

Carmoola

Fintech Carmoola car finance, has made a major new debt deal with NatWest, worth £100M. The new funding will help even more people find and buy cars, and as a result of this deal, Carmoola claims it expects to deliver billions of pounds worth of loan originations over the next five years.By giving customers an easy, quick, and fair option to obtain auto financing without going via a middleman, this cooperation will help Carmoola quickly achieve its aim of revolutionizing the auto finance sector.

Resurge Growth Partners

Resurge Growth Partners, based in London, has started a €120 million fund to help high-potential companies in Europe and Israel that have outgrown traditional venture capital but are not yet ready for private equity. This fund will buy stakes in these companies, providing the support they need to grow further. Almost half of the fund has already been backed by the founding partners and a leading family office.

Char.gy

London-based EV charging company Char.gy secures €118.25million in funding from the Charging Infrastructure Investment Fund (CIIF), to expand its on-street charging network across the UK in the next five years.The UK-based corporation claims that this project will meet the demands of the over 11 million households in the country—roughly 40% of all households—who do not currently have access to off-street parking facilities.

osapiens

osapiens, the leading ESG platform and provider of compliance and sustainability reporting solutions, secures $120 million in series B round funding led by Goldman Sachs Alternatives' Growth Equity division.The funds will be used for further international expansion and for additional investments in the technology platform that helps make business processes more compliant, resilient and efficient. Goldman Sachs Alternatives has acquired a minority stake in it, joining existing investor Armira Growth, which led the $27 million Series A financing in 2023.

CloudPay

CloudPay , the leading independent provider of global payroll and payments solutions, secures $120 million in funding led by Blue Owl Capital with participation from existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. The funding further strengthens CloudPay’s capital base and provides flexibility for future growth opportunities.

SkyCell

Swiss-based pharmatech company SkyCell secures $116million in series D round funding. The investment will be used to expand SkyCell’s global footprint with a key focus on growth across the US and Asia.To further support their pharma customers’ Scope 3 decarbonization efforts, they are significantly increasing their fleet size to offer additional solutions that further reduce CO2 emissions beyond the 50% reduction already achieved by their containers compared to the competition.

Future Energy Ventures

Future Energy Ventures secures €110 million in funding. E.ON and the European Investment Fund (EIF), who are anchor investors with a mid-double-digit million euro stake, have joined this recently founded fund.The primary focus of the FEV fund's investments will be in start-ups and scale-ups that create and apply digital solutions to accelerate the energy transition.

Impress

Impress, a leading orthodontic chain specializing in invisible aligners, has raised over €110 million in its latest funding round. The investment was led by Trinity Capital Inc., CareCapital, LBO France, and TA Ventures. This funding will help Impress expand further, solidifying its position as Europe’s largest orthodontic chain and a top health tech company by revenue.

Cloover

Berlin-based startup Cloover, wraises $114 Million in Seed Funding to fuel the growth of its operating system for the renewable energy industry. The company connects all relevant stakeholders of the energy transition - installers, prosumers, manufacturers, energy providers, and investors - through its software, finance, and energy solutions.

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.

Heart Aerospace

Swedish Heart Aerospace Secures $107 Million in Series B Round Funding. The new round brings the total financing raised by Heart Aerospace since its inception to $145 million.Among new investors is Sagitta Ventures, a Danish investor focused on early-stage companies. Other investors include Air Canada, Breakthrough Energy Ventures, European Innovation Council Fund, EQT Ventures, Lowercarbon Capital, Norrsken VC, United Airlines, and Y Combinator.

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.This investment, which is being backed by PayPoint plc and IGF (Independent Growth Finance), will address the increasing demand for Out of Home (OOH) deliveries and the substantial increase in parcel volumes through this expanding channel.

Mews

Amsterdam-based Mews secures €101 million in fresh funding. The round is led by existing investor Kinnevik, alongside Revaia, Goldman Sachs Alternatives, Notion Capital and new investor LGVP. The new funding values the company at $1.2bn.The funding follows a year of significant growth. In the last year, Mews has achieved: Over 60% increase in revenue year-on-year, crossing $100m in annualized net revenue

IPR.VC

Helsinki-based IPR.VC Secures €100Million in Funding. The final target is €100M. The ultimate goal is €100M. IPR.VC, under the direction of Managing Partner Timo Argillander, oversees investment funds that finance the creation of content for the media and entertainment sectors.The first of three funds was introduced in 2015 by the parent business, IPR.VC Management Oy, which was established in 2014.

Project 3 Mobility

Zagreb-based Project 3 Mobility secures €100 million in series A round funding. The startup has reached a major milestone in its quest to transform urban transportation by raising an astounding €100 million from private investors.P3 Mobility has attracted significant interest and support during this important investment round, making it a focal focus of attention for investors worldwide.

Powerdot

Lisbon-based Powerdot secures €100 million in funding. The leaders of this round were Arié Group and Antin Infrastructure Partners.With this calculated investment, it will be able to develop new technologies more quickly, extend its infrastructure for charging, and establish more solid strategic alliances across Europe.

Carbon Equity

Amsterdam-based Carbon Equity secures an additional €100 million funding for climate solutions through its Climate Tech Portfolio Fund II. This more than doubled the size of Fund I, which closed at €42 million in 2022, and surpassed its original goal of €75 million.

Scayl

Scayl, a debt financing platform founded by ex-VC, Fintech and senior financial services executives, secures €100 million in funding which it will immediately make available for European Fintech lenders.Dubbed a “Fintech for Fintech Lenders”, Scayl provides Fintechs building credit products with access to transparent funding structures, allowing them to fund their loan books with more flexibility, and 10 times faster than negotiating directly with banks and credit funds.

Stonal

Paris-based Stonal secures up to €100 million in a strategic investment by Aareon, a European provider of SaaS solutions. Since its founding in 2017, Stonal has worked to provide investors and asset owners with large-scale, high-quality data.The firm has swiftly entered the residential and commercial real estate markets since its founding.

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.In doing so, LUMO Labs builds on its investment strategy and expertise related to the opportunities and challenges of a society in which physical and digital reality are becoming increasingly integrated.

Lead Ventures

Budapest-based Lead Ventures secures €100 million in funding, targeting the best startups in Central and Eastern Europe (CEE). With the new fund the firm continues its mission to empower high-potential founders in the region.With investments ranging from €2 million to €10 million, the fund will help businesses grow into new markets and improve their Product-Market Fit.

Capmont Technology

Capmont Technology, a venture capital firm specializing in B2B technology startups across Europe and the US, has announced the launch of a new €100 million fund aimed at early-stage tech companies. The fresh capital brings the firm’s total raised to €300 million since its founding in 2016 (previously known as DI Technology).

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.

Maki.vc

Helsinki-based venture capital firm Maki.vc has launched its third fund of €100M to invest in early-stage startups in the Nordics and Northern Europe. The fund focuses on the Nordic region and takes advantage of its strong tech expertise and supportive public investment environment.Backed by over 50 investors, including leaders from Skype, Wise, RELEX Solutions, Aiven, and Supercell, the fund will benefit from their experience in growing tech companies.

Voima Ventures

Voima Ventures has closed its €100 million+ Fund III, a deep tech fund that follows Article 8 regulations. Based in Helsinki and Stockholm, the fund has already made 8 investments to support innovative deeptech projects in the Nordic and Baltic regions.The fund will help develop the next generation of science-driven startups, with initial investments ranging from €200,000 to €3 million, and the potential for additional investments in the future.