This year, funding rounds were quite affected by the COVID-19 pandemic. As we have previously reported, the funding for various sectors has changed in Europe. As expected, while travel startups are lagging in terms of funding, startups in other sectors such as SaaS, fintech and medtech gained significant momentum. One notable fintech startup, the Stockholm-based open banking platform Tink, has now announced securing €85M investment in its latest funding round.
Funding to fuel Tinks’ expansion
The latest €85M investment round extension in Tink was co-led by a new investor, European growth equity player Eurazeo Growth. Current and existing investors such as London-based B2B software venture capital firm Dawn Capital, PayPal Ventures, HMI Capital, Heartcore, ABN AMRO Ventures, Poste Italiane and BNP Paribas’ venture arm, Opera Tech Ventures, also participated in the funding with increased investments.