In other news this week: Social First raises €3.8M, Ecopals bags €4M, ClearBank obtains Dutch banking license, and more
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Denmark’s responsible AI firm 2021.AI secures €3.6M; prepares for a larger funding round in Q1 2025
Copenhagen-based 2021.AI, a company that claims to be a leader in Responsible AI, has secured DKK 28M (€3.6M) in a bridge funding round, with participation from DNV Ventures and existing investors.
Helsinki-based Quantlytica bags €1M to streamline finding and building the best liquidity strategies
Helsinki, Finland-based Quantlytica, a fintech company, announced on Thursday, August 8, that it has closed €1M in a private raise in grants and investments.
US-based Recursion to merge with UK rival Exscientia to create an AI-powered drug discovery giant
Utah-based Recursion, a clinical-stage biotech company specialising in drug discovery, has entered into a definitive agreement to merge with Oxford-based Exscientia, a clinical-stage drug design and development company, focused on accelerating drug design and development.
UK AI startup Userled bags €4.67M to help B2B companies create personalised marketing campaigns at scale
London-based Userled, the AI-powered startup creating personalised content for large-scale omnichannel B2B campaigns, announced on Friday that it has secured £4M (approximately €4.67M) in a pre-seed funding round led by LocalGlobe, with participation from Dig Ventures.
After raising €100M earlier this year, Portugal’s Powerdot secures €165M in green financing
Lisbon-based Powerdot, an EV charging point operator, announced on Friday that it has secured €165M in green financing from ABN Amro, BNP Paribas, ING, MUFG Bank, Santander, and Société Générale.
UK’s CloudPay bags €109M from Blue Owl Capital, others: Know more
London-based CloudPay, an independent provider of global payroll and payment solutions, announced on Friday that it has secured $120M (approximately €109M) in a fresh funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital.
Amsterdam’s TBAuctions acquires German firm Surplex: Know more
Amsterdam-based TBAuctions, a multi-brand online B2B marketplace for used industrial goods, announced on Wednesday, August 7, that it has acquired Surplex, a Düsseldorf-based e-commerce company specialising in the digital auction trade of used machinery.
Germany’s AI healthtech startup clare&me secures €3.7M to help people manage mental health
Berlin-based clare&me, a conversational bot designed to help people manage anxiety and build long-term mental resilience, has raised €3.7M in funding.
Germany’s DC Connected Car secures €2.1M to further develop its AI-driven virtual car technician
Leibi, Germany-based DC Connected Car, a company specialised in AI-driven remote vehicle diagnostics, announced on Wednesday, August 7…
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Dutch-based Allego secures €20M to boost charging infrastructure in Poland; announces voluntary NYSE delisting
Arnhem-based Allego, a pan-European electric vehicle charge point operator, has secured €20M loan from the European Bank for Reconstruction…