Weekly roundup: 10 European startups that raised maximum funding [Feb 26 – Mar 1]

The European business ecosystem is quite engaging and motivating for entrepreneurs and startups to grow in the space. Growth for a startup is mainly in the form of funding. This is where the business ecosystem is favourable for companies as it nourishes them with the necessary funding. As a result, there are numerous funding rounds that happen from time to time in the business world.

Likewise, this week was a busy one for the investors as they have been releasing funds into startups so that the latter grow and reach new heights. Here, we have come up with a roundup of 10 European startups that got the maximum funding this week.

#1 Summa Equity – (Funding – €610M)

Summa Equity was founded in 2016 by Reynir Indahl. It is a Private Equity firm in the Nordics. Recently, it secured €610 million (SEK 6.5 billion) funding. The firm will use this investment towards its commitments to solve global challenges. Notably, the investment comes from a strong investor base with investors in the Nordics, North America and Europe.

#2 Tessian – (Funding – €37M)

Tessian, a London-based cybersecurity company, which helps numerous enterprises across the world to keep security breaches at the bay received $42 million (€37 million) funding in a Series B round. This funding round was led by Sequoia along with participation from Latitude and existing investors – Balderton Capital and Accel. Tessian was founded in 2013 by Edward Bishop, Tom Adams and Tim Sadler.

#3 Nivaura – (Funding – €17.5M)

Nivaura, a regulated blockchain fintech company that was founded in 2016 by Dr. Avtar Sehra in London. It recently raised €17.5 million in a funding round led by London Stock Exchange Group. It will let the fintech startup expand its leadership, technical teams and business development to further accelerate its growth.

#4 SafeSize – (Funding – €10M)

SafeSize, a Dutch startup that helps footwear retailers, be it online or offline find the perfect fitting shoes for their customers has raised €10 million funding in a Series B funding round. The investment came from its existing investors – 3TS Capital Partners and Convent Capital along with strategic investors. It was founded in 2012 by Angelos Stavrakis in the Netherlands.

#5 i2x – (Funding – €10M)

Founded in 2017 by Michael Brehm in Berlin, i2x is a live interaction analysis and training startup. It bagged €10 million in a Series A funding round led by UVC Partners and btov Partners along with participation from Asgard, HV Holtzbrinck Ventures and MS&AD Ventures. The startup uses AI for its speech recognition technology to decipher complex conversations in real-time.

#6 AccuRx – (Funding – €10M)

AccuRx was established in 2016 by Lawrence Bargery and Jacob Haddad in UK. This software startup secured €10 million in a Series A funding round for its messaging app meant for doctors as well as general practitioners. The funding round was led by London-based venture capital firm Atomico along with participation from LocalGlobe and Entrepreneur First.

#7 Funnel – (Funding – €7M)

Funnel, a Stockholm-based martech startup was founded in 2014 by Fredrik Skantze and Per Made. It helps businesses with smart data sourcing integrating the advertising platforms. A few days back, this startup secured €7 million funding from Balderton Capital, Oxx Industrifonden and Zobito. It will use up this investment for its global expansion.

#8 Planixs – (Funding – €4M)

Planixs, a fintech startup based in Manchester providing a business analytics platform to help companies make critical decisions has raised €4 million funding led by BGF. It was founded in 2011 in Manchester by Neville Roberts. This funding will be used for the innovation and international growth of the startup.

#9 MobieTrain – (Funding – €1M)

MobieTrain is a Belgian interactive mobile learning platform for retailers. This startup was founded in 2015 by Guy Van Neck and Mireille van Hemert-Schelling. It raised €1 million in a funding round led by Limburg Investment Company LRM, ING and a few private investors.

#10 Eurecab – (Funding – €700k)

Eurecab, the Airbnb of taxis has secured €700k funding from angel investors and existing investors. Its app lets people compare fares of private taxis and drivers. It was founded in 2015 by Cédric Van Daele, Theodore Monzies and Gregory Duhamel. With this new funding, the startup will be able to speed up its growth, create new partnerships, enhance its app and expand marketing strategies.

Stay tuned to Silicon Canals for more updates in the tech startup world.

Also read,

https://siliconcanals.com/promoted-content/scaling-up-in-sweden-these-5-expert-tips-will-help-you-succeed/