In today’s fast-paced world, we come across multiple news that hit the headlines in terms of funding, breakthroughs, or acquisition.
This week, from December 2nd to December 6th, has been no exception.
Amid our busy lives, it’s easy to miss out on important news stories that can impact our world.
As we near the end of the week, it’s always a good idea to catch up on some of the news stories that might have slipped under our radar.
Here’s a roundup of the news we have missed this week.
Zopa Bank secures €80M funding
London-based Zopa Bank has raised €80M in an equity funding round led by A.P. Moller Holding and existing investors to launch its flagship current account in 2025. The company aims to enable its customers to improve their financial health, gain access to better-priced credit, access market-leading saving products, and transfer card balances in a way that helps pay down credit, faster. (Read more)
Antag Therapeutics bags €80M funding
Based out of Copenhagen, Antag Therapeutics is a clinical-stage biopharmaceutical company developing novel therapies for obesity and cardiometabolic diseases through GIP receptor antagonism. Recently, the company announced the closing of €80M in a Series A financing led by Versant Ventures. Investors, who participated include Novo Holdings, SR One, Dawn Biopharma (a platform controlled by KKR), Pictet, Longview Ventures (an affiliate of Broadview Ventures), and Export and Investment Fund of Denmark (EIFO). (Read more)
Lawhive bags €37.8M funding
London-based legal tech startup Lawhive provides a streamlined solution for accessing affordable and efficient legal assistance in the UK. The platform consists of licensed solicitors online at a cost 50 per cent lower than that of traditional high-street law firms. The company raised $40M in Series A funding, co-led by GV (Google Ventures) and TQ Ventures, with participation by Balderton, Episode 1, Jigsaw, and Premier League footballers Harry Maguire and Reece James. (Read more)
miDiagnostics secures €30M funding
Vlaanderen, Belgium-based miDiagnostics uses silicon chip technology to provide fast, easy-to-use lab-quality tests that connect directly to patients and clinicians. By combining a small nanofluidic processor with a compact reader, miDiagnostics can measure nearly any biomarker from simple samples. The company announced the completion of a €30M Series D funding round, led by Thermo Fisher Scientific Inc. (Read more)
Oxford Flow secures €23.6M
Based out of Oxford, Oxford Flow manufactures advanced valve technologies. The company specialises in creating flow control equipment, particularly valves, and regulators distinguished by a unique piston design.
This design minimises moving parts, reduces maintenance needs and eliminates emissions, and offers enhanced performance and reliability. The company raised $25M (approx €23.6M) in a Series C funding round led by bp Ventures and EIP to scale up its operations. (Read more)
Orakl Oncology gets €11M
Paris-based Orakl Oncology focuses on drug development through a unique decision-making platform that minimizes risks in clinical trials and accelerates access to transformative medicines. The company raised €11M in a seed funding round to launch first-in-class AI-powered drug development products for biopharma and biotech. (Read more)
Haven1 raises $4.6M
Zug-based Haven1 is the REKT-resistant EVM Layer 1 blockchain, designed to address critical security challenges. The company raised $4.6M in a private funding round backed by some of the biggest names in the blockchain industry, including Animoca Brands, KuCoin Ventures, Taisu Ventures, Kronos Research, and IBC Group. (Read more)
Tembi secures €3M investment
Copenhagen-based Tembi is a data & analytics company that designs analytic technology and builds a platform for prescriptive market intelligence. Recently, the company raised a €3M investment from Seed Capital to fuel its market intelligence platform and expand our market reach. (Read more)
Otrera bags €2.5M funding to develop new-gen nuclear reactors
Otrera, a spin-off of the Atomic Energy Commission (CEA), announced that it has secured €2.5M in a funding round from Exergon ( Audacia ‘s decarbonisation fund ), Invest For The Future (IFTF), CEA Investissement, RÉEL International, Groupe ADF, EKIUM-Groupe SNEF, AXE CAPITOLE, NGE, and FORTIL GROUP. The French company specialises in the development of new-generation nuclear reactors. It designs modular and flexible solutions capable of producing low-carbon energy that meets the needs of industries and regions. (Read more)
metergrid secures €3.5M funding
Stuttgart-based metergrid creates SaaS products for decentralised energy systems. Its first product is an automated cloud solution that helps manage and bill tenant power projects and charging stations. Recently, the company raised €3.5M in a funding round led by strategic investor Hager Group and supported by 468 Capital, Mätch VC, and several business angels, including Nikolaos Baltsios, Thomas Pfenning, and Alessandro Solèr. (Read more)
Luminate Medical secures funding to accelerate clinical trial
Galway, Ireland-based Luminate Medical is a healthcare technology company improving cancer treatment. They develop devices like Lily, which prevents chemotherapy-related hair loss, and Lilac, the first treatment for preventing peripheral neuropathy, while also exploring more options for remote cancer care. The company raised $2.5M in additional funding led by Atlantic Bridge to accelerate clinical trials of Lily and Lilac devices. (Read more)
Abselion secures £6.6M funding
Cambridge, UK-based Abselion simplifies protein quantification for the scientists making crucial decisions to accelerate the development of biotherapeutics. The company raised £6.6M in Series A financing to bring its Amperia system to market. (Read more)
Refoxy Pharmaceuticals raises €9.1M in seed-extension financing
Refoxy Pharmaceuticals is a preclinical biotech company developing small molecule activators of the FOXO3 transcription factor for the treatment of age-related diseases. The company is developing a pipeline of therapeutics, with an initial focus on fibrotic disorders, particularly IPF. The company raised €9.1M in seed-extension financing led by Boehringer Ingelheim Venture Fund (BIVF), and joined by Apollo Heath Ventures, NRW.Venture, and High-Tech Gründerfonds (HTGF) to advance the development of novel therapeutic medicines in diverse indications, starting with idiopathic pulmonary fibrosis (IPF). (Read more)
Jove Insurance secures funding
London-based Jove offers flexible, health and protection insurance to contractors, freelancers, and small business owners. The UK company raised £3.6M in a seed funding round led by Explorer, followed by Seed X Liechtenstein AG, Love Ventures, Portfolio Ventures, NewAlpha Asset Management, Start Ventures and Exceptional Ventures. The funding will enable the company to launch its first digital borderless insurance for contractors and small businesses across the UK, Europe, and the USA. (Read more)
Briefcase locks in $3M funding
Briefcase is an AI accounting startup that aims to automate manual and time-consuming tasks via artificial intelligence. Still, in its pre-launch phase, the company raised $3M in a seed round backed by Earlybird Venture Capital, Tiny Supercomputer Investment Company, and Entrepreneur First. (Read more)
Illumion bags £2.1M funding
Illumion, a University of Cambridge spin-out, has closed a £2.1M in a Seed investment round led by the Ventures team of Foresight Group, with additional participation from Cambridge Enterprise, Parkwalk Advisers, and Cambridge Angels. The company has developed a technique called Charge Photometry, which quickly assesses battery material performance during charging and discharging without harm. As energy storage becomes crucial for renewable energy use, the demand for diverse battery types is increasing. Illumion’s technology could play a vital role in advancing the battery industry. (Read more)
ENAKL raises undisclosed funding
ENAKL focuses on transforming urban transportation in emerging countries through technology-driven collective transport solutions. By leveraging Transport as a Service (TaaS) technologies, ENAKL adapts traditional local transport methods, such as shared taxis, to create more affordable and convenient alternatives to public transit. The company raised undisclosed funding to accelerate its growth. (Read more)
Wexler AI secures funding from Myriad Venture Partners and others
Based out of London, Wexler AI tackles the world’s most complex cases by streamlining fact analysis for legal, compliance, eDiscovery, tax, and forensics teams. The UK company raised $1.4M in a pre-seed funding round led by Myriad Venture Partners, with support from Entrepreneur First, and prominent angel investors at ComplyAdvantage, Moonpig, Tractable, and CreditKudos. (Read more)
Genomcore secures €5M from QVIDTVM and others
Genomcore offers a unique low-code platform and multimodal data store for precision health. The company helps the biohealth industry manage large datasets from genomics, wearables, and medical imaging. The company raised €5M in a funding round led by QVIDTVM. (Read more)
Honei secures €1.45M to enhance customer experience in restaurants
Based out of Barcelona, Honei is a web-based application that allows restaurant customers to scan a QR code, view the menu, order, and pay from their table. The company raised €1.45M in a seed funding round from 4Founders Capital, Wayra, Abac Nest Ventures and Decelera. (Read more)
Coding Giants secures €8.5M investment
Coding Giants is a digital education platform teaching coding skills to children and teens. The company has closed an €8.5M investment round led by True Global Ventures (TGV) with follow-on participation from PortfoLion Capital Partners. The funding will support Coding Giants’ global expansion plans, including Spanish-speaking communities in the USA, and further development of its AI-driven educational solutions. (Read more)
Netacea raises £4M funding
Manchester-based Netacea is a cybersecurity specialist that helps companies prevent online fraud by protecting them against bot attacks. The company raised £4M from Mercia Asset Management, which is investing from its funds and the first Northern Powerhouse Investment Fund (NPIF). The funding will help the company to further extend its AI roadmap, expand its product range, and continue its growth. (Read more)
Newcells secures £1.2M to speed up drug development
Newcastle-based Newcells Biotech has developed a laboratory model that helps speed up drug development and reduce reliance on animal testing. It has raised a further £1.2M from existing investors Mercia Ventures, Northstar Ventures, and North East Finance. The company’s 3D models, which mimic tissues within the body, are used to test drugs under development and provide data to support key decisions on which drugs to progress into human trials. (Read more)
CERRIX appoints Niels Van Weereld as new CEO
CERRIX, a SaaS provider specialising in Governance, Risk, Compliance management, and Audit (GRCA) announced the appointment of Niels Van Weereld as the company’s new CEO. From January 1, he will succeed Paul Bruggeman, CERRIX’s founder and CEO for more than 10 years. (Read more)
Giant Clone launches in the Netherlands
Paris-based Clone, a foodtech startup that has secured €105M in funding, is officially launching in the Netherlands. The French company aims to help restaurateurs maximise their kitchen capacity through a unique supply chain model paired with virtual restaurant brands focused on delivery. (Read more)
Amsterdam’s Avy announces new CEO
Amsterdam-based Avy, a developer of Aerial Drone Networks featuring autonomous drone aircraft for emergency services, announced the appointment of Benjamin van der Hilst as the new CEO. Meanwhile, Patrique Zaman will remain involved as a board member. (Read more)
Gresham House Ventures invests £5M in Much Better Adventures
Gresham House Ventures has invested £5M in Much Better Adventures (MBA), an adventure travel company. This funding will help enhance its marketing strategy, improve platform automation, and expand offerings to new destinations while increasing its international presence. (Read more)
Big Audience Machine raises €350K funding
Big Audience Machine (BAM) is an AI-powered content marketing platform designed to help marketing teams scale their content production. The company raised €350K from high-profile investors, including Antler, Dagg AI, Co-Made, and founders of Acast, Massive Entertainment, and ftrack. (Read more)
Mirabelle secures €1.3M funding
Mirabelle offers seniors innovative financing options like life mortgages and annuities to address dependency and retirement needs. The company raised €1M in ordinary shares and €300,000 in non-dilutive equity from the BPI to develop its platform and secure accreditation as an independent lender, aiming for a summer 2025 launch. Investors include business angels from insurance and wealth management, plus the Inter Invest Group. (Read more)
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