Notable Transactions
Insurtech startup Urban Jungle has raised £11.2M in its latest funding round led by existing investors such as Intact Ventures, Ingka Investments, Mundi Ventures, Eka Ventures, and Sony Innovation Fund
Belgium’s Aikido lands $17m in Series A funding for its ‘no BS’ security platform aimed at developers which was led by European venture firm Singular
Global fintech SumUp, which provides affordable and easy-to-use payment products and financial services to more than four million micro and small businesses worldwide, raised €1.5 billion from private credit lenders in an oversubscribed round led by Goldman Sachs
Turkish mobile game developer Spyke Games today received an investment of approximately $50 million from Moon Active, a company focused on game development
Estonian green hydrogen company, Stargate Hydrogen, closes its seed funding round, raising €42 million led by an equity investment by UG Investments and grant financing from IPCEI
Digital fraud detection and financial crime prevention startup Biocatch has announced that Permira Growth Opportunities II has agreed to acquire a majority position in the Company
Summa Equity has acquired a majority stake in German FAST LTA GmbH, a SaaS provider of secure and compliant data storage
Real estate data management platform Stonal raised up to €100 million in a strategic investment by Aareon, a European provider of SaaS solutions
Edtech company Futura announced has successfully raised €14 million in Series A funding the round was led by Eurazeo, with participation from existing investor United Ventures and new investor Axon Partners Group
Mimic, which has just raised $2.5m for its AI-powered robotic hands which are designed to ‘mimic’ real human movements Founderful, with participation from another.vc and Tiny VC
Wayve, a UK startup developing a self-learning rather than rule-based system for autonomous driving, has closed $1.05 billion in Series C funding led by SoftBank which is the U.K.’s largest AI fundraise ever and sits among the top 20 AI fundraises globally to date
HR software company Sesame has raised €23m from GP Bullhound and existing investor PSG
Regulation intelligence and change management provider CUBE has acquired its competitor Reg-Room, weeks after announcing partnership with Hg
Copenhagen-based climatetech Electricity Maps raised €5m to accelerate the data-driven decarbonization of the electricity grid. The investment comes from climate-focused funds Transition and Revent
Oxford-based climate tech Dendra Systems has secured $15.76M in Series B Funding to develop its ecology platform which uses AI and drones to restore and rehabilitate huge swathes of land by reseeding. The round was led by Zouk Capital
London-based Fintech Farm, a startup that sells technology to medium-sized banks in emerging markets to build digital tools, has raised $32m in funding in a Series B round from Nordstar
Legaltech startup Definely has raised a $7m Series A to develop its AI-powered software that aims to help lawyers understand and edit documents, the round was led by Octopus Ventures
Wiz, a US-Israeli startup and cloud cybersecurity solutions provider, has raised $1bn in a private funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital
Swedish legaltech startup Leya has raised a $10.5m seed round led by US VC Benchmark with participation from Y Combinator, Hummingbird VC and SV Angel
Codesphere, a software provider that allows developers to customise existing cloud services, has raised an $18M Series A round from Creandum
Sustainable end-to-end battery recycling firm cylib has raised €55 million Series A funding round in equity financing
Maritime Software Company Harbor Lab has raised a $16M Series A funding round, led by European VC Atomico, to streamline ports of call at sea
Stockholm company Grasp, one of the world's first AI assistants for investment banks and management consultants, has raised €1.9 million
Berlin-based renewable energy supplier trawa has secured a €10 million Seed round, Balderton Capital led the round which included participation from AENU
Oakley Capital will acquire a majority stake in vitroconnect, a broadband open access platform in Germany. The deal marks the first for Oakley’s Capital Origin II fund
Enspired, a Vienna-based company which helps owners of energy storage assets, such as battery facilities to sell on their power capacity, has secured a €25.5m Series B round from Zouk Capital leading the round
UK drug discovery startup LabGenius, which uses machine learning to find and design antibody therapies to treat cancer, has raised a £35m Series B led by the VC arm of pharma company Merck, M Ventures
OneStock, a French based cloud solution provider to retailers and brand has announced a $72 million investment from global growth equity investor Summit Partners
Language learning app Pratika has secured $35.5M in Series A funding led by Blossom Capital
SaaS Visma has acquired MyCompanyFiles, a French document exchange platform for accounting firms. This is Visma's third acquisition in France this year in a continuation of its attempt to capture French market
Hospitality software provider Nory has raised $16M in Series A funding, taking its total raised to $25 million, this round was led by Accel
French healthtech company Doctolib completed its acquisition of Berlin company Aaron.ai, maker of AI-based telephone assistance solutions for medical practices
Gresham House Ventures has invested a further £6.3 million in data governance leader ActiveNav and cyber incident solutions provider Actfore, two divisions of Data Discovery Solutions (DDS)
PolyAI, a London-based startup developing AI-generated voices for use in call centres, has closed a $50m funding round valuing it close to $500m which was led by Hedosophia and NVentures – the VC arm of NVIDIA
Optical interposer company NcodiN has successfully secured €3.5 million from Elaia, Earlybird Venture Capital, and OVNI Capital
Connected risk management platform AuditBoard has reached an agreement to be acquired by Hg as part of a $3bn deal
UK recycling startup CIRCTEC has raised €150 million to construct Europe’s largest end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands, the funds include a €75 million equity investment led by Novo Holdings and A.P. Moller Holding
DeepL, a Cologne-based startup that uses AI for language translation, has raised $300m at a $2bn valuation, the round was led by Index Ventures, with participation from ICONIQ Growth and Teachers’ Venture Growth
Swedish textile recycling startup Syre has closed a $100m Series A. The round was led by TPG Rise Climate, which is investing $50m
Bridgepoint via its mid-market investment fund Bridgepoint Europe VII will become the majority investor in SaaS intranet specialist LumApps in a deal valued at $650m
Berlin renewable energy Cloover has raised a $114 million Seed round led by Lowercarbon Capital to fuel the growth of its operating system. The company connects all relevant stakeholders of the energy transition through its software, finance, and energy solutions
Bucharest-born FintechOS, a product management platform for financial services providers, has raised a $60m extension to its Series B in a deal which was led by Molten Ventures
Zenobē, a provider of electric vehicle fleet and battery storage services, has secured an additional $522.7 million in financing to accelerate the rollout of electric buses across the UK
Latest Funds
Imec.xpand, an independent global venture capital fund, today announced the launch of a new €300 million fund to accelerate the growth of transformative semiconductor and nanotechnology innovations
Ocean 14 Capital Fund I has closed with €201 million to support its mission of funding sustainable solutions to improve ocean health. This brings the Fund to over €240 million
Investcorp has closed its Investcorp Technology Partners V fund at $570M, exceeding its $500M target. The capital will be invested in software, data/analytics, cybersecurity and fintech companies
Norrsken VC, a pioneer in impact investing in Europe, announced the final close of its second fund, supporting entrepreneurs who are tackling the world’s greatest problems. The total fund size of €320m surpassed the original target of €250m
Shilling, the VC arm of Draycott SCR, has launched the Shilling Opportunity Fund, the €50 million fund will support growth-stage startups with investments of up to €5 million for Series A and beyond
Growth focused investor Capital D has closed its Fund II with total commitments of €156 million
Accel has closed a $650M early-stage fund to support founders building companies out of Europe and Israel, this is the 8th early stage fund which the firm have raised
Norrsken VC has closed a €320m fund to support “impact entrepreneurs”, the fund has strict criteria linked to UN Sustainable Development Goals which assess impact and sustainability across the entire investment process
Astorg has held the final close of its latest flagship fund, Astorg VIII – an Article 8 buyout fund – with total capital commitments of €4.4bn, making it the firm’s largest fund raised to date
ETF Partners has announced the completion of fundraising of its fourth fund. The fund was oversubscribed at €285 million, compared to its target size of €250 million
Berlin-based VC fund identity.vc has raised €15m of a target €50m fund to back LGBTQ+ entrepreneurs — a first fund of its kind in European tech
Clean Energy Ventures announced the closing of an oversubscribed second flagship fund with total capital commitments of €281 million. In addition to significantly expanding the firm’s investment opportunities in North America, the latest fund allows them to bring its strategy and expertise to climate technology entrepreneurs in Europe and Israel
Industry News
European VC is targeting the gulf region for capital and climate tech in particularly is looking to tap into the capital available in the region
Silver Lake is looking to target larger investment rounds from its latest and largest fund to date as there were some regrets over the smaller rounds since the pandemic
Potential buyers have been circling UK-based used car seller Cazoo, which faces bankruptcy less than three years after floating on the New York Stock Exchange at a $7 billion valuation
Deeptech investment firm EMV Capital has acquired the Cambridge-based seed-stage VC Martlet Capital, excluding its investment portfolio. EMV Capital will manage, on a discretionary basis, Martlet Capital’s £23.3M portfolio of investments across 53 companies
Raspberry Pi has confirmed plans for a London IPO, the listing could value the low-cost computer-maker at up to £500 million (around $633.4 million)
The overwhelming majority (96%) of private equity firms believe that technology is a “value-creation lever” and can add value throughout the investment lifecycle, although the industry remains overly reliant on manual systems and processes, according to a new survey from investor services group IQ-EQ
After a long decline in investment covering seven consecutive quarters, global venture capital investment in crypto companies is on the up again, rising to $2.4bn in the first three months of 2024
The latest Smart Centres Index from the commercial think tank Z/Yen has placed London at the top for the second time in a row after it overtook New York last year
Current mandates:
M&A Associate – Berlin, Germany
M&A VP – Berlin, Germany
VC Senior Associate (Climate Tech) – London, UK
Partner (Software Private Equity) – London, UK
Sources
https://tech.eu/
https://sifted.eu/
https://www.privateequitywire.co.uk/
https://www.ft.com/private-equity
https://pitchbook.com/
https://www.eu-startups.com/
https://www.uktech.news/
https://www.eu-startups.com/
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