Intel updates - Euro Intel

crypto w/ traction

Euro Intel 11 July 2022

โ€ข vertical blockchain startups with and without traction to get funded
โ€ข YC alums closed seed rounds
โ€ข quantum computer, no code-tools and carbon tracking developers, all in early stage backing.

 


 

Interesting deals

Later-ish stage

๐Ÿ‡ฉ๐Ÿ‡ช 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 CapitalSpeedinvest and Plug and Play, as well as by angel investors.

๐Ÿ‡ช๐Ÿ‡ธ 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.

๐Ÿ‡ซ๐Ÿ‡ท 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.

๐Ÿ‡ฎ๐Ÿ‡น 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.

๐Ÿ‡ฌ๐Ÿ‡ง 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.

๐Ÿ‡ซ๐Ÿ‡ท 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.

๐Ÿ‡ซ๐Ÿ‡ท 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.

๐Ÿ‡ซ๐Ÿ‡ท 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.

๐Ÿ‡ช๐Ÿ‡ธ 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

๐Ÿ‡ฉ๐Ÿ‡ช 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

๐Ÿ‡ซ๐Ÿ‡ท Troopy, developing a mobile shared scooter operation to be launched in the fall this year, raised $10.2 million strategic investment from Motul.

๐Ÿ‡ฌ๐Ÿ‡ง 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.

๐Ÿ‡ณ๐Ÿ‡ฑ 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.

๐Ÿ‡ฉ๐Ÿ‡ช planqc, startup building quantum computers, raised $4.9 million seed from Speedinvest and UVC Partners.

๐Ÿ‡ฌ๐Ÿ‡ง 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.

๐Ÿ‡จ๐Ÿ‡ญ 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.

๐Ÿ‡ซ๐Ÿ‡ท 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.

๐Ÿ‡ซ๐Ÿ‡ท 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.

๐Ÿ‡ซ๐Ÿ‡ท Surfe, developing a CRM tool on top of Linkedin, raised $4 million from investors including 360 Capital and TS Ventures.

๐Ÿ‡ซ๐Ÿ‡ท Just, SAAS developer of a no-code checkout solution for e-sellers, raised $3.1 million from Otium Capital and angel investors.

๐Ÿ‡ง๐Ÿ‡ช 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.

๐Ÿ‡ซ๐Ÿ‡ท 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.

๐Ÿ‡ฉ๐Ÿ‡ช 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.

๐Ÿ‡ซ๐Ÿ‡ท 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&+.

๐Ÿ‡ซ๐Ÿ‡ท 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.

๐Ÿ‡ฌ๐Ÿ‡ง 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.

๐Ÿ‡ฎ๐Ÿ‡น 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.

๐Ÿ‡ฌ๐Ÿ‡ง 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.

๐Ÿ‡ช๐Ÿ‡ธ Rungie, a software startup developing a framework helping brands build web3 communities, raised $1.5 million seed from K Fund and Webedia.

๐Ÿ‡ฌ๐Ÿ‡ง 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.

๐Ÿ‡จ๐Ÿ‡ญ 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

๐Ÿ‡ซ๐Ÿ‡ท Caphorn
๐Ÿ‡ซ๐Ÿ‡ท Truffle Capital
๐Ÿ‡ฌ๐Ÿ‡ง Stride VC
๐Ÿ‡ฌ๐Ÿ‡ง Notion Capital
๐Ÿ‡ฌ๐Ÿ‡ง Plural
๐Ÿ‡ฉ๐Ÿ‡ช Project A Ventures
๐Ÿ‡ณ๐Ÿ‡ฑ Inkef Capital
๐Ÿ‡ฉ๐Ÿ‡ฐ byfounders
๐Ÿ‡จ๐Ÿ‡ญ btov


๐Ÿ‡ฉ๐Ÿ‡ช Tim Schumacher (founder at Sedo.com)
๐Ÿ‡ฉ๐Ÿ‡ช Anselm Bauer (co-founder at Alasco)
๐Ÿ‡ซ๐Ÿ‡ท Romain Niccoli (co founder at Criteo)
๐Ÿ‡ซ๐Ÿ‡ท Steve Fiehl (CEO at Crossknowledge)
๐Ÿ‡ฎ๐Ÿ‡น Giuseppe Zocco (co founder at Index Ventures)
๐Ÿ‡ฎ๐Ÿ‡น Matteo de Brabant (founder at Jakala)
๐Ÿ‡ณ๐Ÿ‡ฑ Rob Straathof (CEO at Liberis)
๐Ÿ‡ฌ๐Ÿ‡ง Ben Davey (ex-CEO at Barclays Ventures)
๐Ÿ‡บ๐Ÿ‡ธ William Hockey (co founder at Plaid)


Fresh powder

๐Ÿ‡ฉ๐Ÿ‡ช 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.

๐Ÿ‡ซ๐Ÿ‡ท 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).

๐Ÿ‡ซ๐Ÿ‡ท 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.

๐Ÿ‡ฉ๐Ÿ‡ฐ 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. 

๐Ÿ‡ฉ๐Ÿ‡ช 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.

๐Ÿ‡ธ๐Ÿ‡ช 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. 

๐Ÿ‡ฉ๐Ÿ‡ฐUnconventional Ventures launches €30 million fund to invest in underrepresented founders

๐Ÿ‡ท๐Ÿ‡ด 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:

๐Ÿ‡บ๐Ÿ‡ธ Insight Partners is in talks to raise a new $20 billion flagship fund just months after collecting that exact amount for a predecessor vehicle.

๐Ÿ‡ฏ๐Ÿ‡ต Rajeev Misra no longer will oversee new venture capital investments for SoftBank, with plans to launch his own outside investment firm in London, UK.

๐Ÿ‡ซ๐Ÿ‡ท France plans to fully nationalize power utility EDF, in which the government already holds over an 80% stake.

๐Ÿ‡ฌ๐Ÿ‡ง U.K. antitrust regulators launched an investigation into Microsoft’s proposed $69 billion takeover of game maker Activision Blizzard.

๐Ÿ‡ช๐Ÿ‡บ The European Commission carried out unannounced inspections at the premises of Glovo and Delivery Hero amid cartel concerns.

๐Ÿ‡ฎ๐Ÿ‡น Italy will provide $46 million in subsidies for blockchain projects.

๐Ÿ‡บ๐Ÿ‡ธ James Murray, the head of the U.S. Secret Service, is retiring to take a top security post at Snapchat.

 


 

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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.

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