Blackwall, Strolll, and Reshape Energy

🚀 Welcome to the seventh edition of the Who Got Funded newsletter in 2025.

I'm Onofre, an entrepreneur based in Aarhus (Denmark), and as you know, I dedicate 3–4 hours each week to exploring European startup funding stories and summarizing the most exciting ones for you, so you can save some of your valuable time.

Thank you for reading. Your support means a ton.

Estimated reading time: ⌛️ 5 min 25 sec.

(If you could share this newsletter with your friends, it would mean the 🌍️ to me).

SERIES B AND LATER
Tallinn-based Blackwall raises €45 million to build AI-powered security infrastructure

🇪🇪 Tallinn-based Blackwall, an AI-enabled security and web infrastructure company, has succesfully raised a €45 million Series B funding round.

Let me start by reminding our audience that Estonia, with a population of only 1.37 million people, has given ‘birth’ to 10 unicorns. That means there is one unicorn for every 137k inhabitants. Just to put this number in perspective, Spain has one unicorn for every 6.9 million people. It’s cra-zy. 🤯 

Founded in 2019 by Nikita Rozenberg (CEO) and Denis Prochko (CTO), Blackwall defends ‘web ecosystems’ from malicious bots and is used on over 2.3 million websites and applications.

This startup is targeting underserved SMBs and is mainly growing through partnerships with Hosting Services Providers (HSPs), Managed Service Providers (MSPs), and eCommerce Platforms. In my opinion, this is a smart move since it helps reduce go-to-market costs—one of the main challenges when targeting SMBs. 🚀 

👉️ Read more about this deal here.

+ Series B (and later) funding stories:

🇬🇧 Oxford-based Alloyed, an advanced metallic components manufacturer, has raised €43.2 million to expand additive manufacturing for aerospace, electronics, and next-generation technologies.

🇩🇪 Cologne-based VYTAL Global GmbH, a leading provider of smart reusable packaging solutions, has raised €14.2 million.

🇩🇪 Berlin-based Dance, an e-bike and moped subscription company, has secured €12 million in equity and debt funding.

🇪🇸 Madrid-based SaaS startup flowww, a platform for aesthetic medicine, beauty, and healthcare businesses, has raised €4 million.

SERIES A
UK-based Strolll raises €12.2 million to use augmented reality for patient neurorehabilitation

🇬🇧 Stafford-based Strolll, a startup using augmented reality (AR) glasses to provide neurorehabilitation to patients living with neurological disorders, has succesfully raised €12.2 million.

This startup was founded by Tom Finn in 2019, with Jorgen Ellis joining as Co-founder and CEO in 2020. Ellis, who previously founded Flatpack Global at 17, successfully exited the company in 2019 after securing major partnerships with IKEA.

Strolll uses AR glasses to help patients with Parkinson’s, stroke, and MS by blending digital content with the real world. Its technology gamifies proven physiotherapy exercises, offering seven clinician-designed games to maximize rehabilitation impact. The platform supports both in-clinic and at-home therapy, increasing access to treatment beyond standard care. Quite cool!

With Strolll’s technology, healthcare providers can deliver up to 7x more treatments while reducing staff time by 67%. The company has 35 employees and is actively working on projects in the US and UK, with a total value exceeding $5 million.

👉️ Read more about this deal here.

+ Series A funding stories:

🇳🇱 Amsterdam-based DeepTech startup Thorizon, an innovator in molten salt reactor technology, has raised €20 million.

🇬🇧 London-based Supercritical Solutions, a green hydrogen tech startup, has raised €16.3 million in a Series A round co-led by Shell Ventures and Toyota Ventures.

🇬🇧 London-based Mimo, a FinTech platform simplifying global payments, cash flow, and financial management for SMBs and accountants, has raised €7.7 million.

🇫🇮 Helsinki-based eBrands, a startup enabling international growth for consumer brands, has raised €7.5 million.

🇩🇪 Berlin-based TastyUrban, an asset-light digital-first restaurant franchise, has raised €6.5 million.

🇬🇧 Bristol-based sensor technology startup Zero Point Motion, which is transforming positioning and navigation, has raised €4.7 million.

SEED
Munich-based Reshape Energy raises €5 million to expand its all-in-one energy optimization platform

🇩🇪 Munich-based Reshape Energy, a startup helping property owners and their tenants to reduce costs and achieve sustainability targets, has secured €5 million in funding.

Founded in 2024, this startup is building a platform that integrates assessment, planning, financing, implementation, and the ongoing management and optimization of energy services. It looks like they’re aiming to create a true one-stop shop for energy solutions.

Despite being a very young company, they have already acquired an energy consulting business as well as a commercial solar planning, installation, and maintenance company. This suggests they are primarily pursuing growth through acquisitions, which is also a fair (but capital-intensive) way to grow a startup. 🚀

Their founding team includes six people, some of whom bring extensive expertise in the energy sector.

👉️ Read more about this deal here.

+ Seed funding stories:

🇩🇪 Hamburg-based elea, an AI platform built to supercharge how healthcare professionals provide life-saving diagnoses and care, has raised €4 million.

🇮🇹 Milan-based Lexroom.ai, an AI Tech scale up innovating the legal industry, has raised €2 million.

🇫🇷 Paris-based MSInsight, a startup innovating precision medicine solutions in oncology, has raised €1.6 million.

🇳🇱 Ede-based FoodTech startup Cano-ela, which is pioneering three innovative ingredients derived from rapeseed (canola seeds), has raised €1.6 million.