I screened all the seed deals closed in Europe in the second half of 2023 and ended up with a list of about 80 startups that were seeded with a minimum $5 million. 

I considered that over-priced seed deals were closed at more than 10 million, followed by a 'tad expensive' category of those closed in the 5-10 million range. 

Please note that the list does not include seed extensions and certainly misses a bunch of interesting transactions that were still not made public. 

Hope you find the list as interesting as I do - what do you make of it, please let me know. 

$25M+ seed rounds (4 deals)

🇬🇧 ​Isometric​ - carbon removal registry and science platform - 25 million

🇬🇧 ​Laverock​ - gene silencing platform for the creation of programmable, allogeneic cell therapies. - 17 million

🇫🇷 ​Fipto​ - digital asset SAAS used for B2B treasury management - 16 million

🇬🇧 ​Fin​ - last-mile logistics transportation startup that provides zero-emission, sustainable parcel delivery - 16 million

 

 

$10-15M seed rounds (13 deals)

🇬🇧 ​kennek​ - SAAS as an end-to-end loan operating system, which enables a marketplace between lenders and credit investors. - 12.5 million

🇫🇷 ​Wheere​ - geolocation offering global coverage via satellites and an ASIC chip - 12 million

🇫🇷 ​Rhythm Diagnostic Systems​ - connected wearable medical strip for real-time monitoring of several key cardiac and respiratory parameters. - 12 million

🇩🇪 ​The Landbanking Group​ - platform that links earth observation, digital in-situ data, machine learning and decentralised ledger technology to issue a nature equity assets - 11 million

🇩🇰 ​Embla​ - digital seller of online medical weight loss treatments - 11 million

 

🇨🇭 ​numarics​ - digital accounting application with features including accounting, payroll, tax returns, invoicing, document management. - 11 million

🇫🇷 ​Okomera​ - precision-based cancer therapies - 11 million

🇧🇪 ​Axithra​ - technology platform for therapeutic drug monitoring - 11 million

🇩🇪 ​Mercanis​ - service buying SAAS helping with the procurement journey spanning end-to-end from supplier selection to collaborative delivery management - 10.2 million

🇬🇧 ​Bloom​ - professional coaching solution sold as B2B SAAS - 10 million

 

🇩🇪 ​Relay​ - end-to-end parcel delivery service for e-commerce - 10 million

🇩🇰 ​Again​ - bioreactor using a novel biomanufacturing process that collects the unavoidable carbon outputs from industry and reuses them to manufacture emission-free chemicals - 10 million

🇬🇧 ​Translucent​ - accountancy and financial management platform for multinational and multi-entity businesses - 10 million (preseed + seed!) 

 

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Other $5-10M seed rounds 

The UK (14 deals)

🇬🇧 ​Creature Comforts​ - pet health operation with digital and offline clinics. - 8.7 million

🇬🇧 ​Triple Tech​ - transaction data enrichment SAAS for financial institutions. - 7.5 million 

🇬🇧 ​Lopay​ - B2B mobile payment application. - 7.5 million 

🇬🇧 ​Pencil Biosciences​ - gene modulation technology that can have an impact across a range of applications - 7.1 million 

🇬🇧 ​Superog​ - embedded insurance services for the vacation rental industry - 6.7 million 

 

🇬🇧 ​Sunsave​ - subscription plan for consumers to switch to solar power energy - 6.7 million 

🇬🇧 ​Unstructured Media​ (preseed!) - open-source intelligence by gathering unstructured data and structuring it using in-house intelligence tooling. - 6.5 million 

🇬🇧 ​Opna​ - climate financing platform - 6.5 million 

🇬🇧 ​Flash Pack​ - travel startup that organizes boutique trips for solo travelers in their 30s and 40s - 6.2 million 

🇬🇧 ​Outverse​ - platform that enables anyone to launch their own independent live video channel & go direct to their community in richly interactive & creative ways. - 6 million 

 

🇬🇧 ​Labrys​ - enterprise management platform focuses on network visibility and cross-functional management infrastructure - 5.5 million 

🇬🇧 ​Quench​ - tech infrastructure for video creators to deliver exclusive content, engage and reward their true fans. - 5 million (preseed!)

🇬🇧 ​atla​ - AI-enabled tool used by in-house lawyers to answer legal questions for their business. - 5 million

🇬🇧 ​Arcane​ - AI copilot on top of a marketing automation platform providing insight & recommendations. - 5 million

 

DACH (18 deals)

🇨🇭 ​Viso​ - no-code platform using computer vision to build, deploy and scale real-world applications. - 9.2 million

🇩🇪 ​Cambrium​ - engineering biology startup developing high-performance proteins - 8.6 million

🇩🇪 ​Likeminded​ - psychological online group courses. - 8.1 million

🇩🇪 ​Semron​ - 3D-scaled AI inference chip used to run AI models locally on devices - 8 million

🇨🇭 ​Metafuels​ - producer of sustainable, synthetic jet aviation fuel - 8 million

 

🇩🇪 ​QuantumDiamonds​ - nitrogen-vacancy (NV) diamonds for quantum sensing to industrial and academic customers. - 7.4 million

🇩🇪 ​Lanch​ - SAAS tool used for matching restaurants and food delivery companies with high profile social media people. - 7 million

🇩🇪 ​Metycle​ - trading platform for scrap and recycled metals - 6.7 million (preseed + seed!)

🇩🇪 ​Fraud0​ - solution that renders uncontaminated analytics, automated non-human traffic, fraud and advertising detection solutions. - 6.6 million

🇩🇪 ​Empion​ - a data-based job platform that matches companies and applicants based on company culture, values and skills. - 6.4 million

 

🇩🇪 ​getpaid​ - pan-European infrastructure and payments platform - 6 million

🇨🇭 ​Copresence​ - digital avatar solution for the connected world - 6 million

🇩🇪 ​Unchained Robotics​ - artificial intelligence-based control system for robots for electronics production. - 5.8 million

🇩🇪 ​Filu​ - pet care startup working at the intersection of emergency clinic, preventive practice and digital care. - 5.4 million

🇩🇪 ​Transactionlink​ - no-code automation platform used for building digital onboarding experiences for FinTech-enabled companies - 5.3 million

 

🇩🇪 ​VisionAI​ - a data intelligence platform for eCommerce. - 5.3 million

🇩🇪 ​Sereact​ - AI-based solution for warehouse robots - 5 million

🇨🇭 ​Atinary​ - end-to-end AI, machine learning, robotics, and cloud computing technology platform for digitizing R&D operations. - 5 million

 

France (7 deals)

🇫🇷 ​Spore Bio​ - device used for detecting pathogens immediately, directly on the factory floor in the FMCG industry - 8.7 million

🇫🇷 ​Granular​ - SAAS tool that allows time-stamped, hourly energy certificates to be traded and managed - 8 million

🇫🇷 ​Omada​ - a social prediction mobile game for sports fans - 7.8 million

🇫🇷 ​H2Gremm​ - an integrated hybrid electric and hydrogen storage solution. - 7.6 million

🇫🇷 ​Koyeb​ - next-generation serverless platform to run event-driven applications across Clouds and Edges - 7 million

 

🇫🇷 ​Augment​ - video-based educational platform for consumers. - 6 million

🇫🇷 ​Guided Energy​ (preseed!) - smart energy platform used for the optimisation of EV fleet management - 5.2 million 

 

 

The Nordics (11 deals)

🇱🇹 ​Cube3​ - web3 transaction security platform - 8.2 million

🇮🇸 ​Peregrine​ - producer of green hydrogen - 7.8 million

🇸🇪 ​Cloover​ (preseed!) - embeddable fintech platform which provides a solution for renewable energy companies to offer subscription services - 7.5 million 

🇫🇮 ​ReOrbit​ - autonomous and interconnected satellites optimised for efficient and reliable delivery of customer space-related data - 7.4 million

🇫🇮 ​Phaver​ - a web3 social platform onboarding solution for letting people create, own and monetize their social media profiles. - 7 million

 

🇪🇪 ​Arbonics​ - carbon and ecosystem platform for forest and landowners in Europe - 7 million

🇩🇰 ​Performativ​ - software solution used for wealth management. - 5.8 million

🇸🇪 ​Fedelta​ - financial service providers using a fully automated loan application process, credit assessment and payment for SMEs. - 5.6 million 

🇸🇪 ​Novatron​ - developer of a new proprietary fusion power concept that will make fusion energy production a commercially viable source of energy. - 5.5 million 

🇩🇰 ​spektr​ - compliance platform providing an automated solution that simplifies the due diligence cycle for sales - 5.4 million

 

🇳🇴 ​Databutton​ - framework used for cross-functional collaboration, build and distribution of apps, APIs, and models. - 5.1 million

 

 

Other geographies (13 deals)

🇳🇱 ​Transferz​ - next-generation Billing-as-a-Service platform that assists enterprises in managing their billing and pricing processes. - 9.5 million

🇪🇸 ​Cafler​ - platform helping Spanish people with their vehicle to pass the technical inspection - 8.7 million

🇪🇸 ​Correcto​ - AI-enabled product that helps users write better Spanish - 7 million

🇧🇦 ​Rolla​ (preseed!) - gamified fitness platform - 7 million

🇪🇸 ​TitanOS​ - operating system for TV sets. - 6.5 million

 

🇳🇱 ​umob​ - mobile app which fully integrates shared mobility, taxis, and public transportation. - 6.4 million

🇪🇸 ​Shakers​ - recruiting company that allows companies and teams of freelancers to connect in an online environment to develop projects flexibly and remotely. - 6.4 million

🇵🇹 ​Ethena​ - "internet savings bond" as well as a new Ethereum-based stablecoin secured by derivatives - 6 million

🇬🇷 ​Lambda Automata​ - autonomous systems tailored for addressing national security challenges in the EU and its allies. - 6 million

🇮🇪 ​Kota​ - startup that aims to make it simple for businesses to provide benefits such as health insurance and pensions regardless of where employees are based - 5.3 million

 

🇧🇪 ​Aikido​ - security platform used to scans source code and cloud components, revealing which vulnerabilities are mission-critical and demand immediate attention. - 5.3 million

🇳🇱 ​Farmless​ - producers of non-animal-based protein alternatives via an fermentation platform based on liquid feedstock made with CO2, hydrogen and renewable electricity - 5.2 million

🇵🇹 ​ScorePlay​ - SaaS platform helping sports and entertainment brands manage media assets - 5 million