In the world of startups, securing funding is crucial for growth and success. From April 15 to April 19, 2021, several European startups made headlines with their successful funding rounds. Let’s take a closer look at some of the most notable funding rounds during this period.
1. Revolut – UK-based fintech giant Revolut raised $800 million in a Series E funding round, valuing the company at $33 billion. The funding was led by SoftBank Vision Fund and Tiger Global Management, making it one of the largest funding rounds in European startup history. Revolut plans to use the funds to expand its product offerings and accelerate its global expansion.
2. Klarna – Swedish buy now, pay later fintech company Klarna raised $1 billion in a funding round led by SoftBank Vision Fund 2. The funding round valued Klarna at $31 billion, making it one of the most valuable fintech startups in Europe. Klarna plans to use the funds to further expand its presence in the US market and invest in new products and services.
3. Hopin – UK-based virtual events platform Hopin raised $400 million in a Series C funding round, valuing the company at $5.65 billion. The funding round was led by Andreessen Horowitz and General Catalyst, with participation from existing investors. Hopin plans to use the funds to continue expanding its platform and grow its team.
4. Wolt – Finnish food delivery startup Wolt raised $530 million in a Series E funding round led by ICONIQ Growth. The funding round valued Wolt at $2 billion, making it one of the most valuable startups in Finland. Wolt plans to use the funds to expand its presence in existing markets and enter new markets.
5. Glovo – Spanish on-demand delivery startup Glovo raised $528 million in a Series F funding round led by Lugard Road Capital and Luxor Capital Group. The funding round valued Glovo at $2.6 billion, making it one of the most valuable startups in Spain. Glovo plans to use the funds to expand its delivery services and invest in new technologies.
Overall, the European startup ecosystem continues to thrive, with several startups securing significant funding rounds during this period. These funding rounds will enable these startups to accelerate their growth, expand their offerings, and enter new markets. As we look ahead, it will be exciting to see how these startups continue to innovate and disrupt their respective industries.