crypto w/ traction
โข vertical blockchain startups with and without traction to get funded
โข YC alums closed seed rounds
โข quantum computer, no code-tools and carbon tracking developers, all in early stage backing.
Interesting deals
Later-ish stage
๐ฉ๐ช Celus, operating an engineering platform used to automate the development of electronics w/ some 1800 active engineers, raised $25.5 million series A round from investors led by Earlybird Capital, joined by DI Capital, Speedinvest and Plug and Play, as well as by angel investors.
๐ช๐ธ o11h, a real estate developer building high-tech, wooden smart buildings that are carbon neutral to produce, raised $25.5 million series A from investors led by Redalpine, joined by Seaya, Breega, Aldea Ventures, Foundamental and A/O Proptech.
๐ซ๐ท Bridge, developing open banking-based payment solutions in use by 200+ corporate customers, raised $20.4 million first equity round from Truffle Capital and Groupe BPCE.
๐ฎ๐น BKN301, a service platform based on international payment schemes and blockchain technology, raised $16 million series A in a round led by Abalone Group and joined by PayU, Azimut Digitech Fund, CRIF and GNB Swiss Investments.
๐ฌ๐ง Nuclera, which makes biology accessible through desktop enzymatic protein and gene synthesis, in a $15.5 million series B extension backed by Jonathan Milner and Verve Ventures.
๐ซ๐ท Kardinal, developer of a real-time tour optimization SAAS solution for logistics and field services companies, raised $10. 2 million series A led by Benhamou Global Ventures joined by Serena, Cap Horn Invest and Plug and Play Ventures.
๐ซ๐ท Fifty, developing a SAAS platform helping half of the CAC 40, as well as mid-sized companies. with employee skills development, raised $10 million from Signals Venture Capital, Eurazeo, Acadian Ventures, S3 Partners and Tekton Ventures.
๐ซ๐ท Hors Normes, handling a subscription-based retail operation selling fruits and vegetables, raised $7.1 million post-seed round led by Stride VC and Project A.
๐ช๐ธ FlexiDAO, selling solutions allowing corporate customers operate on round-the-clock carbon-free energy, by certifying and tracing their electricity and its true carbon content, raised $6.5 million in a round led by SET Ventures, joined by existing paying customers Google and Microsoft.
Earlier stage
๐ฉ๐ช Myne, developing a co-ownership platform for vacation properties, raised a $24 million debt and seed equity funding capital provided by embedded/capital, TruVenturo, Scope Hanson, Rivus Capital and CoastCap.
๐ซ๐ท Troopy, developing a mobile shared scooter operation to be launched in the fall this year, raised $10.2 million strategic investment from Motul.
๐ฌ๐ง Cauldron, working on a web3 gaming world to be launched by the end of the year, raised a seed extension round closed at $6.6 million and led by Cherry Ventures and including contributions from Seedcamp, Cassius family, IQ Capital and Playfair Capital.
๐ณ๐ฑ Baserow, building an open-source, all-in-one, no-code toolchain that gives customers complete freedom to own and manage the applications they develop, raised $5.1 million seed from investors led by Inkef, joined by firstminute capital, Seedcampand Frontline Ventures.
๐ฉ๐ช planqc, startup building quantum computers, raised $4.9 million seed from Speedinvest and UVC Partners.
๐ฌ๐ง Hammock, developing a financial service for landlords that uses a software tool plugging into their bank accounts via open banking, raised $4.9 million seed from Fuel Ventures, Ascension Ventures and Second Century.
๐จ๐ญ Qiibee, developing a blockchain-based B2B rewards marketplace that offers crypto and loyalty platforms for businesses and consumers, raised $4.8 million in seed funding led by Z5 Capital joined by R/GA and American angel investors.
๐ซ๐ท OpenReplay, YC alum (2019) developing an open-source session replay stack that lets you see what users do on your web app, helping you troubleshoot issues faster., raised $4.7 million in a seed funding round led by Runa Capital, joined by Expa, 468 Capital and Rheingau Founders.
๐ซ๐ท Paarly, developing a SAAS pricing intelligence tool that monitors online products to give e-retailers a bird’s eye view of the competition, raised $4.2 million seed from Irdi, GSO and French angel investors.
๐ซ๐ท Surfe, developing a CRM tool on top of Linkedin, raised $4 million from investors including 360 Capital and TS Ventures.
๐ซ๐ท Just, SAAS developer of a no-code checkout solution for e-sellers, raised $3.1 million from Otium Capital and angel investors.
๐ง๐ช Tenderize, crypto startup developing a tool connecting Web3 with DeFi through liquid staking, raised $3 million seed from Daedalus, Eden Block, TRG Capital and multiple other crypto backers.
๐ซ๐ท MeltingSpot, developing a video-first community platform designed to help users start, grow, and engage all their communities, raised $3 million seed from Ankaa Ventures, Isai, SaaS Partners, Kima Ventures, Notus Technologies and angel investors from France.
๐ฉ๐ช Pina Earth, YC alum (2022) building a suite of digital tools for data collection, monitoring, and certification of forest carbon projects, raised $2.5 million seed from investors led by XAnge, with participation from Nordstar and multiple business angels.
๐ซ๐ท WeeFin, software startup developing a SAAS platform used to centralize ESG data and automate related reporting processes, raised $2.1 million seed from Asterion and Investir&+.
๐ซ๐ท Whaly, YC alum (2021) selling a data platform to 30 paying small and medium customers, raised $1.9 million seed from investors led by Redalpine and joined by Kima Ventures and angel investors.
๐ฌ๐ง Least, developing a solution for easing the commercial property leasing process, via a digital platform that connects landlords, tenants, and agents, raised a $1.8 million seed round backed by Love Ventures and Concrete Ventures.
๐ฎ๐น Futura, using selling student tutoring services using custom-based AI-based tech for personalisation, raised $1.8 million seed from investors led by United Ventures, joined by Exor Seeds, Ithaca Investments, LVenture Group and angel investors from Italy.
๐ฌ๐ง SymTerra, developing a Slack-like product for the construction industry in order to reduce miscommunication and reduce delays, raised $1.7 million seed from investors led by Samaipata and joined by Nemetschek, Pi Labs and Accel.
๐ช๐ธ Rungie, a software startup developing a framework helping brands build web3 communities, raised $1.5 million seed from K Fund and Webedia.
๐ฌ๐ง Holly Health, working on a digital coach that helps individuals to change their health intentions into clear daily actions, for mental and physical wellbeing, raised $1 million from Kima Ventures, Very Serious Ventures and angel investors.
๐จ๐ญ Silta Finance, crypto startup providing on-chain collaterals that enables ESG-conscious infrastructure developers to access liquidity in DeFi, was pre-seeded by US-based Cerulean Ventures.
Please note that this is just a deal selection - the complete dealflow is available here.
Active investors
๐ซ๐ท Caphorn
๐ซ๐ท Truffle Capital
๐ฌ๐ง Stride VC
๐ฌ๐ง Notion Capital
๐ฌ๐ง Plural
๐ฉ๐ช Project A Ventures
๐ณ๐ฑ Inkef Capital
๐ฉ๐ฐ byfounders
๐จ๐ญ btov
๐ฉ๐ช Tim Schumacher (founder at Sedo.com)
๐ฉ๐ช Anselm Bauer (co-founder at Alasco)
๐ซ๐ท Romain Niccoli (co founder at Criteo)
๐ซ๐ท Steve Fiehl (CEO at Crossknowledge)
๐ฎ๐น Giuseppe Zocco (co founder at Index Ventures)
๐ฎ๐น Matteo de Brabant (founder at Jakala)
๐ณ๐ฑ Rob Straathof (CEO at Liberis)
๐ฌ๐ง Ben Davey (ex-CEO at Barclays Ventures)
๐บ๐ธ William Hockey (co founder at Plaid)
Fresh powder
๐ฉ๐ช Headline, the German-American early-stage VC firm previously known as e.ventures, raised $408 million for a North America-focused fund, R$915m for a Latin America-focused fund and €320 million for a European fund.
๐ซ๐ท Armen is a new investment fund from France targeting €400 million for its debut fund with a €500m hard cap - founded by Thierry Baudon (ex-Mid Europa Partners), Dominique Gaillard (Ardian) and Laurent Bénard (Capza).
๐ซ๐ท XAnge, the Franco-German VC fund, has closed its fourth fund at €220 million to be used for early-stage investments in France and Germany. XAnge is also raising a Web3 fund with a target of €80 million.
๐ฉ๐ฐ Climentum Capital announced the first close of its inaugural €150 million fund to be deployed across 25 startups across Europe at late-Seed to Series A with tickets ranging from €1 million to €5 million.
๐ฉ๐ช Pirate Impact has rebranded into Aenu and announced a €100 million evergreen fund to be deployed multi-stage in climate-tech and social impact in Europe and the US.
๐ธ๐ช Spintop Ventures announced the first closing of Spintop Fund IV at $78 milliontargeting a total of 100 million to be deployed on Swedish and Nordic early-stage startups.
๐ฉ๐ฐUnconventional Ventures launches €30 million fund to invest in underrepresented founders
๐ท๐ด Underline Ventures is a new investment fund from Romania targeting €20 million(half of which secured) to be spent on early-stage Eastern European startups.
Also notable:
๐บ๐ธ Insight Partners is in talks to raise a new $20 billion flagship fund just months after collecting that exact amount for a predecessor vehicle.
๐ฏ๐ต Rajeev Misra no longer will oversee new venture capital investments for SoftBank, with plans to launch his own outside investment firm in London, UK.
๐ซ๐ท France plans to fully nationalize power utility EDF, in which the government already holds over an 80% stake.
๐ฌ๐ง U.K. antitrust regulators launched an investigation into Microsoft’s proposed $69 billion takeover of game maker Activision Blizzard.
๐ช๐บ The European Commission carried out unannounced inspections at the premises of Glovo and Delivery Hero amid cartel concerns.
๐ฎ๐น Italy will provide $46 million in subsidies for blockchain projects.
๐บ๐ธ James Murray, the head of the U.S. Secret Service, is retiring to take a top security post at Snapchat.
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Euro Intel
Data-based intel from theย European startup ecosystem written professionally in an easy to understand format - tactical bits and industry-wide trends, curated deals, active investors and relevant early stage transactions.
Published every Monday morning and emailed to the Nordic 9 customers - investors, founders and decision makers willing to stay updated with the strategic moves from Europe.