The European startup scene is thriving, with new companies emerging every day and investors eager to support them. To keep track of the latest developments in the industry, EU-Startups publishes a weekly round-up of funding rounds that have taken place in the past week. This article provides a comprehensive overview of the funding rounds tracked by EU-Startups from May 08-12.
Seed Rounds
Seed rounds are the earliest stage of funding for startups, typically used to fund product development and initial market research. In the past week, EU-Startups tracked several seed rounds across Europe.
One notable seed round was raised by Berlin-based startup, Finoa. The company raised €2.2 million in seed funding to develop its digital asset custody and financial services platform. The round was led by venture capital firm, Coparion, with participation from other investors including Venture Stars and Signature Ventures.
Another seed round was raised by London-based startup, Huma. The company raised $130 million in seed funding to develop its digital health platform. The round was led by Leaps by Bayer, with participation from other investors including Samsung Next and Hitachi Ventures.
Series A Rounds
Series A rounds are the next stage of funding for startups, typically used to fund product development and initial market expansion. In the past week, EU-Startups tracked several Series A rounds across Europe.
One notable Series A round was raised by Paris-based startup, Sorare. The company raised $50 million in Series A funding to develop its blockchain-based fantasy football game. The round was led by Benchmark, with participation from other investors including Accel and Bessemer Venture Partners.
Another Series A round was raised by London-based startup, Cazoo. The company raised £240 million in Series A funding to develop its online used car marketplace. The round was led by General Catalyst, with participation from other investors including D1 Capital Partners and Mubadala Capital.
Series B Rounds
Series B rounds are the next stage of funding for startups, typically used to fund further product development and market expansion. In the past week, EU-Startups tracked several Series B rounds across Europe.
One notable Series B round was raised by Berlin-based startup, Infarm. The company raised $170 million in Series B funding to develop its vertical farming technology. The round was led by LGT Lightstone, with participation from other investors including Atomico and Balderton Capital.
Another Series B round was raised by London-based startup, Hopin. The company raised $125 million in Series B funding to develop its virtual events platform. The round was led by IVP, with participation from other investors including Coatue and Tiger Global.
Conclusion
The European startup scene is vibrant and growing, with new companies emerging every day and investors eager to support them. EU-Startups provides a valuable resource for tracking the latest developments in the industry, including funding rounds at all stages of development. From seed rounds to Series A and B rounds, the funding rounds tracked by EU-Startups from May 08-12 demonstrate the diversity and potential of the European startup ecosystem.
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