In the world of startups, securing funding is crucial for growth and success. From April 15 to April 19, several European startups made headlines with their successful funding rounds. Let’s take a look at some of the most notable funding rounds during this period.
1. Revolut – UK-based fintech startup Revolut raised $800 million in a Series E funding round, valuing the company at $33 billion. The funding will be used to fuel the company’s expansion into new markets and develop new products and services. Revolut offers a range of financial services, including banking, trading, and cryptocurrency exchange.
2. Glovo – Spanish delivery startup Glovo raised $528 million in a Series F funding round led by Lugard Road Capital and Luxor Capital Group. The funding will be used to expand the company’s presence in Europe and Latin America and invest in technology and product development. Glovo offers on-demand delivery services for food, groceries, and other items.
3. Wolt – Finnish food delivery startup Wolt raised $530 million in a Series E funding round led by ICONIQ Growth. The funding will be used to expand the company’s presence in Europe and Asia and invest in technology and product development. Wolt offers on-demand food delivery services in over 20 countries.
4. Bolt – Estonian ride-hailing startup Bolt raised $713 million in a Series E funding round led by Sequoia Capital and Tekne Capital Management. The funding will be used to expand the company’s presence in Europe and Africa and invest in technology and product development. Bolt offers ride-hailing, scooter, and food delivery services.
5. Lilium – German electric aviation startup Lilium raised $240 million in a Series D funding round led by Baillie Gifford. The funding will be used to develop the company’s electric vertical take-off and landing (eVTOL) aircraft and bring it to market. Lilium aims to revolutionize urban air mobility with its eVTOL aircraft.
Overall, these funding rounds highlight the continued growth and innovation in the European startup ecosystem. With significant investments in fintech, delivery, transportation, and aviation startups, the future looks bright for these companies as they continue to disrupt their respective industries and expand their reach globally.