Every day, we come across multiple news that hit the headlines in terms of funding, breakthroughs, or acquisition.
This week, from April 7th to 11th, has been no exception.
Consequently, 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.
Enpal raises €110M funding
Enpal is a greentech company in Germany that provides solutions for renewable energy. They specialize in solar and heat pump systems and have successfully integrated around 260,000 Distributed Energy Resources into their system. The company raised €110M in March. (Read more)
Job&Talent raises €92M at €1.3B valuation
Job&Talent is a marketplace for essential work and AI-powered workforce management. The AI-enabled platform streamlines and automates workforce management, helping businesses achieve higher productivity and workforce reliability.
Recently, the company raised €92M at €1.3B valuation in equity financing from new and existing investors such as Atomico, BlackRock, DN Capital, Hercules, Infravia, Kibo, and Kinnevik, among others. (Read more)
Sekoia.io raises €26M funding
Sekoia.io, a European cybersecurity technology provider, is a leader in extended detection and response solutions powered by AI and cyber intelligence. By combining threat anticipation through attacker insights with automated attack detection and response, the Sekoia AI-SOC platform provides security teams with a veritable control tower over their information systems.
Recently, the company raised €26M from Revaia, with the participation of UNEXO, supported by Crédit Agricole d’Ille-et-Vilaine, and the support of its historical investors Bright Pixel Capital, Omnes Capital, and Bpifrance. (Read more)
Candice du Fretay launches Outlier Grove with €17.6M fund
Candice du Fretay, a former Accel investor, has started Outlier Grove, a $20 million fund focused on investing in European B2B startups. The fund’s goal is to help these companies enter the US market early on.
Outlier Grove will invest between $200,000 and $500,000 in collaboration with business angels and other seed firms, aiming to support about 25 startups over the next three years. (Read more)
Okeiro raises €10M in funding
Based out of Paris, Okeiro specialises in precision medicine applied to transplantation and advanced chronic diseases. Recently, the company raised €10M fundraising round to accelerate its deployment in France and internationally. This financing round is led by Alven, Forepont Capital Partners, and Red River West. (Read more)
Ingenix raises €9M to create simulations of drug trials
Ingenix uses advanced AI technology to create simulations of drug trials. This approach can help pharmaceutical companies speed up drug development without sacrificing quality, ultimately benefiting patients by getting new treatments to them faster. Recently, the company raised €9M in seed funding. (Read more)
VESTIGAS raises €8M funding
Based out of Munich, VESTIGAS is the supply chain OS for the construction industry and enables suppliers, hauliers and construction companies to exchange orders, delivery notes, and invoices completely digitally and process them automatically. Recently, the company raised €8M in funding. (Read more)
Qevlar AI secures €8.8M funding
Qevlar AI boosts the productivity of security operations centers (SOCs) with autonomous AI analysts. This technology helps SOC analysts enrich, investigate, and prioritize security alerts, improving overall security and SOC effectiveness. Recently, the company raised an additional $10M led by EQT Ventures and Forgepoint Capital International. (Read more)
Faume raises €8M in funding
Based out of Paris, Faume is a resale platform for premium and luxury fashion brands. The company’s white-label solution enables new revenue streams, builds loyalty, and boosts customer acquisition. Recently, the company raised over €8M funding round led by Amundi Private Equity Transition Juste. (Read more)
tldraw secures €8.8M funding
Based out of London, tldraw offers an infinite canvas SDK that enables users to create a web-based whiteboard. Users can customize it with their elements and interactions and set up a multiplayer backend. Recently, the company raised $10M in a Series A funding round led by Lux Capital and Definition. (Read more)
Neuranics raises €7M funding
Based out of Glasgow, Neuranics is a deep-tech company specialising in scalable TMR quantum sensing solutions. Recently, the company raised $8M in seed funding led by Blackfinch Ventures with participation from ourselves, Archangel Investors Limited, the University of Glasgow, and Old College Capital. (Read more)
Rematiq raises €5.4M funding
Based out of Berlin, Rematiq is an AI-powered platform that helps MedTech companies simplify regulatory compliance by automating manual, document-heavy processes. Recently, the company raised €5.4M in seed funding from Project A together with Amino Collective and helloworld. (Read more)
OSSTEC raises funding to recreate cartilage surfaces and bone-fixing structures
Based out of London, OSSTEC is working on technology designed by surgeons to improve patient outcomes and reduce healthcare costs. They have developed patented 3D-printing technology that recreates cartilage surfaces and bone-fixing structures. This advanced process allows them to customize implants to fit the individual anatomy of each patient. Recently, the company raised £2.5M in funding, led by specialist UK-based DeepTech VC Empirical Ventures. (Read more)
Jungheinrich announces subsidiary named Uplift Ventures
Jungheinrich has created a subsidiary named Uplift Ventures to manage its international ventures. Uplift Ventures aims to develop new growth companies and invest in promising startups. This effort will help Jungheinrich expand beyond its main business into areas with great growth potential. It will also allow the company to reach new markets and customers while promoting digital transformation in logistics. (Read more)
Medicud raises €1.3M funding for wound healing
Based out of Rome, Medicud is a medical device startup specialised in wound healing. The company has developed DRYUMTM, a novel and easy-to-use incisional negative pressure wound therapy. Recently, the company raised over €1.3M in seed financing. New investors participating in this round include leading US investor CHMBR Partners, 50 Partners Capital Health and Business Angels des Grandes Écoles (BADGE), and several individual and strategic investors. (Read more)
AgriRobot joins AgRibot project
Kongens Lyngby, Denmark-based AgriRobot is an agritech company focused on developing certifiable software for obstacle detection and geofencing in autonomous agricultural robots. Recently, the Danish company has joined the AgRibot project as an official partner. In the next four years, the AgRibot project will create and test six advanced robots in Europe. These robots will be used for different farming tasks like managing weeds, spraying crops, harvesting, and pruning.
BLNG AI secures funding to bring generative AI to the jewelry industry
Based out of Paris, BLNG AI is a generative AI platform transforming luxury jewelry by turning sketches into photorealistic designs and animated renderings in seconds. Recently, the company secured $3M in seed funding led by Speedinvest, with participation from Cove Fund, eSeed, and Focal. (Read more)
Dealstack raises investment in seed funding round
Dealstack automates key workflows like valuation waterfalls, employee equity tracking, structure charts, and contract management on a single platform designed for private capital. This streamlines processes, enhances collaboration, and saves time and money. Recently, the company secured $5.5M in seed funding from professionals at top firms, including Paul Weiss, Kirkland & Ellis, and Goldman Sachs. (Read more)
Model ML acquires Flippr
Model ML is an AI platform transforming finance and professional services with automation that enhances decision-making and reduces costs. Recently, the company announced its acquisition of Flippr, known for its advanced document AI agents, to strengthen its position in the market. (Read more)
FaradaIC Sensors €4.5M funding
FaradaIC Sensors, based in Berlin, is a company that develops gas sensor technology for chip manufacturers. Their solutions integrate easily into the chip production process, adding gas-sensing capabilities to silicon circuits. Recently, the company raised €4.5M seed financing round! (Read more)
Foleon appoints Jasper Bergwerff as CFO
Based out of Amsterdam, Foleon is a content platform that makes it easy for anyone to create engaging digital content without sacrificing brand quality. Recently, the Dutch company appointed Jasper Bergwerff, as its new CFO. (Read more)
Damisa raises funding to advance its payment platform
Based out of London, Damisa is a payments platform focused on simplifying and securing cross-border transactions using stablecoins. Recently, the company raised £2.25M in a pre-seed funding round led by Fuel Ventures. (Read more)
Visa invests in Swedish firm Mynt
Visa has announced an expanded reseller partnership and investment into Mynt, a Swedish-founded SaaS fintech specialising in spend management solutions. The partnership with Visa will enable Mynt to address the growing demand for efficient spend management among small and medium-sized businesses (SMBs). (Read more)
Treble Peak raises new equity capital
Treble Peak is a platform for private wealth investors and fund managers, streamlining access to private markets. The platform gives investors access to institutional-quality investments with lower minimums while helping fund managers raise capital at scale. Recently, the firm raised £5M in new equity capital to accelerate its next phase of growth across the UK and Europe. (Read more)
Matoha raises seed funding
Based out of London, Matoha has developed a manual device that quickly scans and identifies textile materials in under a second, helping businesses sort waste more efficiently without high infrastructure costs. The startup has completed the first phase of a £1.5M seed funding round to tackle textile recycling challenges. (Read more)
Unosecur raises $5M funding
Based out of Berlin, Unosecur is dedicated to securing human and non-human digital identities for modern enterprises. Recently the company has successfully closed $5M in a Seed funding round through a priced round, with an additional $3 million in oversubscribed commitments. The round was led by VentureFriends and DFF Ventures, with participation from Leo Capital, Heartfelt (APX), and prominent angel investors. (Read more)
BTQ Technologies Corp to invest in QPerfect
BTQ Technologies Corp, a global company focused on quantum technology, has announced a plan to invest €2,000,000 in QPerfect, a quantum computing company located in Strasbourg, France. The French company specialises in quantum computing and quantum design automation, in particular with neutral atom quantum technology. (Read more)
TIRmed Pharma raises €4.3M funding
TIRmed Pharma is a biotechnology company developing next-generation immunomodulatory therapies for autoimmune skin diseases, with an initial focus on Atopic Dermatitis (eczema). Recently, the company raised €4.3M in a funding round led by Sciety and Sciety Venture Partners. (Read more)
01
destream: Building the financial backbone of the creator economy