Talking about startups, Europe is home to hundreds and thousands of tech startups. in an attempt to motivate these companies across industries to grow and take their business to the next level, several investors pour in funding into these companies. There are numerous Venture Capital companies that invest in startups apart from others.
Back in the third quarter of this year, European startups raised a total of €8.7 billion, which is higher than that of the same period last year. And, in the second quarter of this year, the European startups raised a record-high investment of €9.3 billion.
Having detailed about the funding that the European startups attract, here we list the 10 biggest funding rounds that took place in October 2019 as sourced from Dealroom.
Founders: Jason Austin, Lex Greensill
Total Funding: €1.6 billion
Founded year: 2011
Greensill, which provides working capital finance for companies just raised $655 million (nearly €588 million) funding from SoftBank’s Vision Fund. Greensill revealed that it will use the capital to accelerate global expansion and improve the development of new products. Also, the company plans to use the funding towards strategic acquisitions. This funding follows the $800 million (nearly €717 million) funding it raised in May from the same investor.
Founders: Denis Werner, Dirk Hoerig
Total Funding: €146 million
Founded year: 2006
German e-commerce software company commercetools raised $145 million (nearly €130 million) in a funding round led by Insight Partners. The e-commerce startup aims to use this capital to continue to expand its business enterprise in North America and other parts of the world. Also, it will continue to create B2B2B tools to sell corporations to other corporations. As a result of the funding, Richard Wells and Matt Gatto of Insight joined the board of commercetools.
Soho House (London)
Founders: Nick Jones
Total Funding: €109 million
Founded year: 1995
A few days back, Soho House secured $100 million (nearly €90 million) equity investment in a round led by Raycliff Capital with an additional significant stake from Simon Property Group. The company is open to welcome further investors to recognise its growth potential and support its future ambitions via both digital and physical channels.
Founders: Arik Shtilman
Total Funding: €127 million
Founded year: 2016
Fintech-as-a-Service startup Rapyd raised $100 million (nearly €90 million) series C funding led by Oak HC/FT along with participation from Coatue, Target Global, Tiger Global, Stripe, Entrée Capital, and General Catalyst. Rapyd will use the investment to develop a unified cloud-based technology platform that will help businesses integrate fintech and payment capabilities into e-commerce applications. Also, it will develop the Rapyd Global Payment Network to let businesses expand in the local and cross-border markets.
Founders: Callum Negus-Fancey, Liam Negus-Fancey
Total Funding: €86.3 million
Founded year: 2014
Pollen previously known as Verve is an invite-only marketplace letting people bring their friends to events and share rewards. Last week, the London-based startup bagged €69.5 million led by Northzone along with participation from Sienna Capital and existing investors such as Kindred, Backed, and Draper Esprit. This capital will let Pollen scale its membership base and penetrate into travel, sports, and music. It also plans to move into other experiences in the future.
TIER Mobility (Berlin)
Founders: Julian Blessin, Lawrence Leuschner, Matthias Laug
Total Funding: €82 million
Founded year: 2016
TIER Mobility, a micro-mobility startup in Berlin specialising in e-scooters raised €55 million Series B funding in a round led by Mubadala Capital and Goodwater Capital. Besides these Evli Growth Partners and AXA Germany also joined the funding round along with existing investors such as SpeedInvest, Indico, Market One Capital, Kibo Ventures, White Star Capital, Point9, Nortzone, and business angels like Nico Rosberg. TIER Mobility has announced that it will use the funding to accelerate its expansion within Europe and continue to build a leading micro-mobility platform for cities, public transportation partners and city authorities.
Founders: Luuc Elzinga
Total Funding: €95.9 million
Founded year: 2013
Dutch travel tech startup Tiqets recently secured €54 million Series C funding round led by Airbnb. The company plans to invest in initiatives that will accelerate its growth, create better tools for venue partners, and build richer experiences for customers with the vision to make culture more accessible to all.
Founders: George Bevis
Total Funding: €155 million
Founded year: 2015
Tide is a popular business banking platform based in London. Early in October, Tide raised $54.3 million (nearly €48.3 million) in Series B funding round led by SBI Group based in Japan and Augmentum based in Europe. The company will use the funding to grow its banking business market share in the UK and expand its presence in the global market.
Founders: Tim Guilliams, David Brown
Total Funding: €61.8 million
Founded year: 2014
Healx secured $56 million (nearly €50.5 million) in a Series B funding round led by one of the largest VC firms in Europe Atomico. Others such as Intel Capital, btov Partners, and Global Brain and existing investors, including Balderton Capital, Amadeus Capital Partners, and Jonathan Milner also participated in the round. Healx will use this investment to develop its own therapeutic pipeline and launch its global Rare Treatment Accelerator programme.
Goal Systems (Madrid)
President: Javier Mira, Jerónimo Garrido
Total Funding: €45 million
Founded year: 1992
Goal Systems with a long experience in the development and implementation of computer systems raised €45 million capital investment from Three Hills Capital Partners (THCP). Goal Systems will use this capital to accelerate its growth, facilitate the completion of select strategic acquisitions, and focus on targets in the optimisation space.
Main image picture credits: Tiqets
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