seed stage digs
• digging through seed investors 2022 portfolios
• intereting energy deals
• 2022's M&A residuals
Portfolio digging
20VC
- size fund: $140 million comprised in two funds - one for early stage and one for growth stage. Closed in 2021.
- portfolio - 20 new companies added in 2022:
- 5 fintech, 9 SAAS, 4 marketplace, 1 web3 and gaming each
- 7 British, 6 American, 3 French, 1 Australian, Dutch, German and Lithuanian each
🇩🇪 Alloy: A platform allowing institutional investors to interact with decentralised finance in a safe and compliant manner.
🇫🇷 Athenian: Data-Enabled Engineering platform that helps engineers analyze workflows and draw analytical insights.
🇬🇧 Atlantic Money: Digital foreign exchange service
🇬🇧 Bonnet: EV charging point aggregator, selling access via a single subscription fee.
🇦🇺 CryptoTaxCalculator: helps crypto natives sort out the crypto tax nightmare.
🇺🇸 Digits: AI company building tools for businesses and finance professionals by leveraging its proprietary technology.
🇺🇸 Ellis: An all-in-one solution for international students, providing phone plans, financial services, immigration assistance, rent co-signer.
🇱🇹 kevin.: Payment infrastructure for online, mobile, and physical sales
🇬🇧 LottieLab: Animation editor that lets users create animations from scratch, and edit them collaboratively from within the browser.
🇺🇸 Pachama: AI-powered marketplace for nature carbon removal credits.
🇬🇧 Papaya Technologies: A platform helping fleet operators source, run and manage electric vehicles.
🇺🇸 Popup: No-code commerce platform that lets you control the customer journey, visually.
🇺🇸 Prologue: A holding company of technology investments and media brands.
🇫🇷 Rayon: Space design tools aiming to enable users anywhere to draw, share and work together on their floor plans directly in their browser.
🇫🇷 Rollee: API for employment data
🇬🇧 This One: An online platform using algorithms to help consumers discover the films, music and destinations
🇬🇧 Vital: API-based solution helping healthcare developers to automate their remote data collection from wearable devices
🇬🇧 Tripledot: Mobile games studio
🇳🇱 TheyDo: Design tools for building customer journeys.
🇺🇸 Waitroom: Video communication platform that allows people to share their thoughts and interact with others in a live video environment.
Connect Ventures
- fund size: $80 million. Closed in 2020.
- portfolio - 17 new companies added in 2022:
- 5 web3, 4 fintech, 7 SAAS, 1 digital health
- 8 British, 3 Dutch, 2 American, 2 French, 1 German and Spain each:
🇩🇪 Anytype: Decentralised productivity and collaboration software
🇳🇱 Basement: Giving developers access to web3 data reliably and quickly, via a single API
🇬🇧 Carter: API for game developers to build non-playable characters for their games
🇫🇷 Crew3: The web3 community building tool
🇳🇱 eDRV: Apps and APIs for electric vehicle charging operators
🇺🇸 Fantix: Monetising meaningful data and providing authentic, privacy-safe insights
🇬🇧 Fiat Republic: Banking and payment APIs to unlock mainstream fiat services for crypto platforms
🇬🇧 ForMore: Helping people sort their life savings, starting with pensions
🇫🇷 Iteration X: Live, collaborative iteration on any website, right from the browser
🇺🇸 Kernel: The content and data API for designers
🇬🇧 MetaVoice: Changing voices in real-time while preserving human emotion
🇪🇸 Ourspace: The collaborative team design platform that helps leaders make smarter org design decisions
🇬🇧 Pay.so: The easiest way to pay and get paid in crypto
🇬🇧 Plain: Customer support infrastructure to power every modern company
🇳🇱 Sprinque: B2B payments with embedded trade finance
🇬🇧 Stitch: Improving the experience of clinical trials
🇬🇧 Zash: An NFT and blockchain indexer for enterprise
Interesting deals
🇳🇴 Wattif, manufacturer of an EV charging solution provided via an end-to-end model platform, raised $50 million one year after being founded.
🇸🇪 Qvantum, manufacturer of heat pumps for the next generation of heating and cooling technologies, raised $45 million.
🇬🇧 Concretene, developer of a graphene-enhanced additive to concrete, raised $10 million.
🇫🇷 mediarithmics, developing a data-first customer marketing service for large enterprise clients, raised $7.4 million.
🇫🇷 Vsora, developers of digital signal processing (DSP) technology for chips used in 5G networks, raised $4.4 million.
🇮🇪 Beyondbmi, providing obesity medication, nutritional therapy and one-to-one coaching to help patients with weight loss process, raised $500k.
🇬🇧 Space DOTS, building modular pico-labs for active in-space testing of advanced materials, raised $500k.
🇬🇧 Second Winery, which does an NFT-enabled digital universe made up of wineries, raised $300k.
🇫🇮 Cloud1, focused on data-driven cloud service solutions, and doing data-intensive and integration projects, raised a seed round.
Also notable
🇧🇪 PMV, Munich Venture Partners and SET Ventures exited from the Belgian-Dutch company Luxexcel, a 3D printing firm creating complex glass lenses for use in AR optics. Luxexcel was sold to Facebook and has raised a bit more than 20 million since 2009.
🇺🇸 Battery Ventures acquired and merged Germany’s Vimcar and Switzerland’s Avrios, providers of complementary software solutions for European businesses managing fleets of vehicles. Vimcar had raised almost $20 million from Acton Capital, UVC, coparion and Atlantic Labs while Avrios raised more than $20 million from Lakestar, Edenred, Verve and Notion Cap.
🇩🇰 Joe & The Juice, the Danish urban juice bar and coffee chain, is close to raise about $90 million from an undisclosed Saudi Arabia-based investor, according to Danish media. Joe & The Juice, which produced $160 million in sales in 2021, was acquired by General Atlantic and Valedo in 2016.
🇸🇪 Volvo acquired the 13.5% stake it didn't already hold in autonomous driving software unit Zenxeact from ECarx.
🇩🇰 Arcadia, developer of alt fuels for constructing facilities, sold an equity stake to the French PE Swen Capital Partners.
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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.