Euro intel galore
• interesting early stage startup transactions announced in the last quarter of the year
• what was important in the European investment ecosystem during the holidays
• active investors in Q4
Interesting deals
Nordics
🇸🇪 SuperNormal, developers of an AI platform for business video recordings, raised capital.
🇳🇴 Tana, developing a knowledge management tool a la Roam Research, was seeded by multiple American investors.
🇸🇪 Done, building a marketplace for home improvement and renovation, raised $700k.
🇸🇪 Airpelago, developer of a cloud-based software tool using drones for conducting inspections of large linear assets, such as power line grids, raised $800k seed.
🇳🇴 Solwr, doing robotics and adjacent software tools for warehouse and logistics providers, raised $1 million.
🇩🇰 Cykom, selling used cycling clothing and equipment from professional cycling teams, raised $1.8 million seed.
🇱🇹 Watalook, developer of SAAS for booking services in the beauty industry, raised $3.2 million post seed.
🇸🇪 Moving Floor, tech startup developing an automatic cleaning tool for farm animals, raised $3.8 million.
🇮🇸 Hopp, local electric scooters rental provider, raised $4.8 million.
DACH
🇩🇪 repath, selling software-as-a-service used for identifying and managing business climate risks, raised $1.3 million.
🇨🇭 Voltiris, developing a solution that filters natural sunlight to transmit it to plants and recycle the "wasted" sunlight into green electricity, raised $1.5 million seed.
🇦🇹 Arkeon, using gas fermentation for converting inorganic gases into organic food, raised $4.3 million.
🇨🇭 Zaphiro, developer a smart grid IoT software platform, raised raised $6.9 million.
🇩🇪 RobCo, developers of an all-in-one modular robotic solution easy to customise for various applications, raised $13.2 million series A.
The UK
🇬🇧 Tailor Bio, building an AI-driven drug discovery platform for pan-cancer medicine by decoding chromosomal instability, was seeded.
🇬🇧 Nivo, developing a CRM tool that combines bank standard identity verification with secure instant messaging, raised $1.2 million.
🇬🇧 Advanced Commerce, develoing a SAAS merchandising platform for retailers, raised $1.8 million.
🇬🇧 Rainmaker, building a blockchain gaming platform to be released in Q1 2023, raised $4.7 million.
🇬🇧 Blackthorn, provider of global payment and FX solutions to SMEs via multi-currency IBANs account in 25 currencies, raised $9 million.
Other geographies
🇫🇷 Moneybounce, providing a credit service and a smart money management tool targeting people between 18 and 30 years old, raised $1 million.
🇫🇷 Myloby, developing a key management solution, raised $1.4 million.
🇳🇱 Aiosyn, medical software startup selling SAAS algorithms in the field of pathology, raised $2.1 million.
🇭🇷 Treblle, operating an API monitoring and analytics platform for software developers, raised $7 million.
🇮🇹 Fiscozen, operating a digital platform that helps Italian freelancers and small business manage finance and taxes, raised $8.5 million series A.
InvestorsFresh powder🇮🇪 CRH, an Ireland-based building materials firm, launched a $250 millioncorporate VC fund. 🇮🇹 P101 announced a first close of a €150 million fund, to be deployed in early and growth stage, digital and technology-driven startups from Italy and Spain. 🇳🇱 FORWARD.one closed its Fund II at €145 million, for investments in startups from the Nordics, Germany, and the Netherlands 🇱🇹 Practica Capital announced a €32 million first close of their third fund. Active investors in Q4Early stage (investment deals <10M) 🇮🇹 CDP Venture (12) investors tracked: 1855 vs. 2218 in Q4 2021
transactions tracked: 778 vs. 1008 in Q4 2021 Growth stage (10-50M) 🇬🇧 Octopus Ventures (6) investors tracked: 727 vs. 762 in Q4 2021
transactions tracked: 190 vs. 253 in Q4 2021 Later stage (>50M) 🇺🇸 Insight Ventures (4) investors tracked: 213 vs. 392 in Q4 2021
transactions tracked: 50 vs. 105 in Q4 2021 Closing notes🇬🇷 JP Morgan paid $800 million for 48.5% equity in Viva Wallet, a Greek startup building banking services aimed at small and medium merchants. JP Morgan already had bought 49% one year ago. 🇩🇰 Danske Commodities, an independent energy trading house from Denmark, raised $3.7 billion from existing Norwegian shareholders Equinor. 🇳🇱 Insight Partners and CNBB exited their positions from the Dutch digital asset management software developer Bynder, flipped to Boston-based private equity firm Thomas H. Lee Partners. Bynder had raised more than 20 million since being founded in 2013. 🇩🇪 Mosaic Ventures, Ribbit Capital, Mouro Capital and DN Capital exited from bonify, a German software aggregator of credit scores and financial data for consumers and businesses, acquired by a local credit bureau provider. bonify had raised about $6 million since being founded in 2015. 🇬🇧 Online used car dealer Cazoo’s share price has tanked to a new record low of just $0.13 – valuing the business at just over £79 million. 🇳🇱 Euronext hosted 83 new equity listings in 2022, representing an aggregated market capitalisation at listing of €23 billion, and €3.8 billion in new capital raised. Euronext operates listing venues in Amsterdam, Brussels, Dublin, Lisbon, Oslo, Milan and Paris, and is home to 1,900+ equity issuers. 🇬🇧 Tom Blomfield co-invested in a $2.5 million seed deal closed by an YC startup from Argentina doing compliance tools for financial companies in LatAm.
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Euro Intel
Data-based intel from the 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.