European Startup Funding Rounds Tracked from March 20-24: A Comprehensive Weekly Round-Up of Funding Activities.

European Startup Funding Rounds Tracked from March 20-24: A Comprehensive Weekly Round-Up of Funding Activities.

Time Stamp: March 24, 2023 12:38 PM
Source Node: 2543822

The European startup ecosystem is constantly evolving, with new companies emerging and existing ones seeking funding to fuel their growth. Keeping track of the funding rounds can be a daunting task, but it is essential for investors, entrepreneurs, and industry observers to stay informed about the latest developments. In this article, we will provide a comprehensive weekly round-up of funding activities in Europe from March 20-24.

1. Vinted – €250 million

Lithuanian online marketplace Vinted raised €250 million in a funding round led by EQT Ventures and joined by previous investors Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital. The company plans to use the funds to expand its platform and enhance its customer experience.

2. TIER – €60 million

Berlin-based e-scooter company TIER raised €60 million in a funding round led by Mubadala Capital and joined by Goodwater Capital, White Star Capital, Northzone, and RTP Global. The company plans to use the funds to expand its operations in Europe and beyond.

3. Paddle – $68 million

London-based software company Paddle raised $68 million in a funding round led by FTV Capital and joined by Kindred Capital, Notion Capital, and 83North. The company plans to use the funds to accelerate its growth and expand its product offerings.

4. Personio – €75 million

Munich-based HR software company Personio raised €75 million in a funding round led by Accel and joined by Lightspeed Venture Partners, Global Founders Capital, and Picus Capital. The company plans to use the funds to expand its platform and enter new markets.

5. Huma – $130 million

London-based healthtech company Huma (formerly Medopad) raised $130 million in a funding round led by Leaps by Bayer and joined by Hitachi Ventures, Samsung Next, and Sony Innovation Fund. The company plans to use the funds to expand its digital health platform and accelerate its growth in the US and Asia.

6. Ynsect – €372 million

French insect farming company Ynsect raised €372 million in a funding round led by Astanor Ventures and joined by Bpifrance, Talis Capital, and Idinvest Partners. The company plans to use the funds to build the world’s largest insect farm and expand its product offerings.

7. Voi – $160 million

Swedish e-scooter company Voi raised $160 million in a funding round led by The Raine Group and joined by VNV Global, Balderton Capital, and Creandum. The company plans to use the funds to expand its operations in Europe and beyond.

8. Bitpanda – $170 million

Vienna-based cryptocurrency exchange Bitpanda raised $170 million in a funding round led by Valar Ventures and joined by DST Global, Jump Capital, and Speedinvest. The company plans to use the funds to expand its platform and enter new markets.

In conclusion, the European startup ecosystem continues to attract significant investment, with companies across various sectors securing funding to fuel their growth. The funding rounds tracked from March 20-24 demonstrate the diversity of the European startup scene, with companies from Lithuania, Germany, the UK, France, Sweden, and Austria raising significant amounts of capital. As the startup ecosystem evolves, it is essential to stay informed about the latest funding activities to identify emerging trends and opportunities.