With all the buzz around big funding rounds, major acquisitions, and groundbreaking tech advancements, some important stories might have slipped through.
From Luminance raising big funding to advance legal AI tech to Cowboy shifting base to France, this week had more to offer than just big headlines.
Here’s a quick roundup of the news we have missed.
Luminance raises €71M funding
Based out of London, Luminance is a leader in legal AI, improving how businesses handle contracts. With its unique large language model (LLM), Luminance provides specialised AI at each stage of contract management— from creation to negotiation and after it’s signed. Recently, the company raised $75M (approximately €71M) in a Series C funding round, taking the total amount raised in the last 12 months to over $115 M. The oversubscribed round was led by Point72 Private Investments, with participation from Forestay Capital, RPS Ventures, and Schroders Capital, as well as existing investors including March Capital, National Grid Partners, and Slaughter and May. (Read more)
RoomPriceGenie raises €71M funding
Based out of Steinhausen, Switzerland, RoomPriceGenie is a provider of revenue management systems (RMS) for independent hotels and groups. The system helps ensure that room prices are set appropriately each day, which can lead to more bookings and better revenue management. It is now used by over 3,000 hotels of various sizes in 65 countries. The company raised $75M (approximately €71M) in a funding from Five Elms Capital to accelerate international expansion and further enhance its platform. (Read more)
Cambridge GaN Devices secures €30M
Founded as a spin-off of Cambridge University, Cambridge GaN Devices (CGD) develops energy-efficient semiconductors using gallium nitride (GaN). The company recently raised $32M (approximately €30M) in a Series C funding round. The investment was led by a strategic investor with participation from British Patient Capital and supported by existing investors Parkwalk, BGF, Cambridge Innovation Capital (CIC), Foresight Group, and IQ Capital. The company’s technology will help electric vehicles and data centres be more energy efficient. (Read more)
EG 427 closes €27M funding
Based out of Paris, EG 427 is a biotechnology company leading the development of pinpoint genetic medicines for prevalent chronic diseases in neurology. Recently, the company announced the closing of €27M in a Series B financing round co-led by Andera Partners and Bpifrance – as part of the InnoBio investment strategy. (Read more)
Atrandi Biosciences secures €23.8M funding
Based out of Vilnius, Lithuania, Atrandi Biosciences is a life sciences company pioneering next-generation single-cell analysis with its patented Semi-Permeable Capsule (SPC) technology. By simplifying complex workflows, Atrandi accelerates discoveries in cellular heterogeneity, clonal evolution, microbiome diversity, microbial ecology, and more. Recently, the company raised $25M (approximately €23.8M) in a Series A funding round led by Lux Capital, with participation from Vsquared Ventures, Practica Capital, Metaplanet, and GRIDS Capital. (Read more)
Spore.Bio secures €22M funding
Based out of Paris, Spore.Bio has developed a proprietary AI technology in microbiology testing. The company’s platform leverages advanced machine learning models to measure bacterial concentrations in food, beverages, pharmaceuticals, and cosmetic products, alerting quality managers to potential risks. Recently, it has raised €22M in a Series A funding round led by Singular to transform quality control in manufacturing. (Read more)
CorPower Ocean secures €17.5M funding
Based out of Hägersten, Stockholm County, CorPower Ocean designs, manufactu,res and operates wave energy farms. The company’s wave energy converters are designed to withstand the harshest ocean conditions while delivering consistent and reliable energy. The company has been awarded €2.5M in grant and a pre-commitment of €15 million in equity investment, totaling €17.5M, to accelerate the commercialisation of its cutting-edge wave energy tech. This funding is part of the 2024 EIC Challenge “Renewable energy resources and their whole value chain”. (Read more)
Capi Money secures €17.2M funding
Based out of London, Capi Money helps businesses in Africa pay their overseas suppliers up to $/€1M within 48 hours. Recently, the company raised €17.2M in Series A funding led by Creandum and joined by Janngo.africa, with participation from existing investors Y Combinator, Firstminute Capital, 4Cities, The Raba Partnership, Kara Investments, Algorithmic Strategies, Rebel Fund, Maiora, and Pioneer Fund. (Read more)
Serverpod raises €2.7M in capital
Based out of Stockholm, Serverpod is an open-source backend framework designed for Flutter applications. Built in Dart, it integrates with Flutter, offering developers a powerful yet easy-to-use solution for managing data, and authentication. Recently, the company raised €2.7M in a seed funding round led by node.vc, with participation from Greens Ventures and PreSeed Ventures. (Read more)
Floy secures €9M in seed round
Based out of Munich, Floy develops AI-driven software that supports radiologists in detecting complex and hard-to-identify diseases. The collaboration of Floy-AI and radiologists ensures optimal patient outcomes by enabling the early detection and thus early treatment of diseases. Recently, the company raised €9M in an extended seed round led by Acurio Ventures & HV Capital. (Read more)
AI startup Genial bags €1.8M
Bordeaux-based startup Genial, which stands for “Generative AI Lab”, helps companies explore the potential of ChatGPT and AI. The company offers to help employees make a quote or generate powerpoints for them using AI. Recently, the company raised €1.8M from Founders Future, Huttopia, Crédit Agricole Aquitaine Expansion (CAAE), Crédit Agricole La Réunion – Mayotte, and business angels. (Read more)
Hands Off complete funding campaign
Hands Off, a company specialised in plant-based chocolate, has completed its share funding campaign. The chocolate company has raised €1.1M in growth capital – well above their target of €1M. The company will use the capital to develop new product groups to offer consumers more sustainable choices. It will also be invested in expanding into new sales channels, such as out-of-home and online, and expanding the team.
Aura Funerals gets £750,000
Aura Funerals is a digital end-of-life planning and funeral service. The company is transforming the funeral care process by digitising and simplifying arrangements, making them more affordable and flexible. The company has secured £750,000 in a funding round through Angel Investment Network. This marks Aura’s third successful raise through the network. The funds were raised as part of a larger £3.2m growth funding round. (Read more)
Restimo secures €480K funding
Restimo is a Polish tech startup developing an application for restaurants and retail businesses that integrates popular food delivery platforms, online ordering systems, courier services, and POS systems. Recently, the company raised €480K from an industry investor and business angels. Restimo currently serves major restaurant chains such as North Fish, Thai Wok, Salad Story, Gorąco Polecam, Cukiernia Sowa, and many others. (Read more)
Cowboy shifts base to France
Cowboy, the world’s most advanced e-bike brand, announced that it has fully moved its assembly operations to France. Cowboy has partnered with ReCycles, a renowned French manufacturer with over 30 years of experience producing for brands like Peugeot, to assemble its bikes in Romilly-sur-Seine. This partnership also marks a shift for ReCycles, expanding its production from traditional bicycles to high-tech e-bikes—a nod to the future of the cycling industry and France’s leadership in innovation. With assembly now ramping up, bikes are already shipping to riders across Europe, marking a new chapter in Cowboy’s growth. (Read more)
Food Brewer gets new strategic investor
Food Brewer is a Switzerland-based food and food ingredients company using plant cell cultures. The company focuses on research, development, and marketing of pioneering technologies for large-scale cultivation in fermenters (similar to beer brewing) as an alternative to conventional agriculture. Recently, the company has announced Lindt & Sprüngli and Sparkalis as strategic investors and collaborators on board at Food Brewer. (Read more)
Focoos AI secures €2.65M
Based out of Turin, Italy, Focoos AI simplifies and accelerates the adoption of artificial vision by offering a platform equipped with ready-to-use neural networks that are easily adaptable to user needs, significantly reducing development time and costs. Recently, the company raised €2.65M in a seed round from Galaxia, CDP Venture Capital, VC Partners, Vertis SGR, Exor Ventures, and Vento. (Read more)
Kynda secures €3M funding
Based out of Jelmstorf, Germany, Kynda uses proprietary technology to turn agricultural by-products into mycoprotein for the food and pet-food industry. Recently, the company raised €3M in a Series Seed funding led by EnjoyVenture, with support from PHW Group and Clima Now. CELL Invest will be joining in a second closing, further strengthening our ability to scale. The company will use the funds to accelerate its mission of transforming food-industry byproducts into high-quality, sustainable mycoproteins! (Read more)
SemiQon secures €17.5M funding
Based out of Espoo, Finland, SemiQon develops semiconductor technologies that focus on energy-efficient chips for quantum computing and high-performance applications. Recently, the company raised SemiQon has secured a total of €17.5M of funding in the form of €2.5M of competitive, non-dilutive grant and additional €15M of equity-based ear-marked funding. This new funding propels SemiQon’s growth through its cryogenic CMOS product-line. (Read more)
ExoLab Italia gets €5M funding
ExoLab Italia is a biotech startup based in L’Aquila, Abruzzi, Italy, specialising in the development of products and applications utilizing exosomes. Recently, the company successfully raised €5M in a Series A funding round. This funding was provided by dsm-firmenich Ventures, CDP Venture Capital Sgr (with equal contributions from the Fondo Acceleratori and Fondo Italia Venture II), Linfa Fund (managed by Riello Investimenti Sgr), and Maia Ventures. (Read more)
LoopOS secures €3M funding
Based out of Coimbra, Portugal, LoopOS is a Circular Economy ERP designed to streamline various processes such as buybacks, returns, trade-ins, repairs, consumer-to-consumer (C2C) transactions, and rentals. The platform focuses on providing tools to measure the impact of these activities. It features a user-friendly interface that allows customization through drag-and-drop functionality, making it accessible for businesses to tailor the system to their specific needs. The company raised €3M led by 3xP Global, through the Impact
Innovation Fund, with the participation from Beta Capital and FundBox. (Read more)
Imperia closes funding
Based out of Valencia, Imperia provides solutions for supply chain management that help businesses of various sizes. Their modular SaaS platform focuses on improving demand planning, purchasing, and production processes to make them faster and more accurate. Recntly, the company raised undisclosed funding in a Series A round co-led by Burda Principal Investments and Samaipata, with participation from Acurio Ventures and Draper B1. (Read more)
01
destream: Building the financial backbone of the creator economy