Neko Health, Weecover, and Zynap

🚀 Welcome to another edition of the Who Got Funded newsletter.

I'm Onofre—a product manager by day, entrepreneur by night, based in Aarhus, Denmark. Every week, I dedicate 3–4 hours to exploring European startup funding stories and summarizing the most exciting ones for you.

Why do I do it? It’s very simple: the startup scene is truly one of the greatest shows on Earth, isn’t it? 🤘 Plus, Europe is home to some incredible startups that make us feel really proud. 🇪🇺

Thank you, as always, for reading! 🫶 Your support means a ton.

Estimated reading time: ⌛️ 6 min 10 sec.

If you'd like to get in touch, you can reach me at [email protected]

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

SERIES B AND LATER
Stockholm-based Neko Health raises €250 million to expand its revolutionary preventive healthcare technology

🇸🇪 Stockholm-based Neko Health, the preventative healthcare technology company co-founded by Hjalmar Nilsonne and Daniel Ek (founder and CEO of Spotify), has raised €250 million in a Series B funding round.

Less than two years after launching, this startup has completed 10,000 scans across two locations (Stockholm and London). They also report a waitlist of over 100,000 pending scans (including me and my girlfriend 🖐️), prompting plans to expand with the newly raised funds.

Even more remarkable is that 80% of their customers book and prepay for a scan the following year at the end of their appointment. That’s certainly impressive and undoubtedly good for the company’s cash flow.

Neko Health’s mission is to keep people healthy with prevention and early detection. Each scan costs about €350 and takes only a few minutes. 🚀 

👉️ Read more about this deal here.

+ Series B (and later) funding stories:

🇩🇪 Berlin-based climate fintech Bees & Bears secured €500 million in debt to support sustainable energy installations in private homes across Germany.

🇬🇧 Wakefield-based Aegis Energy, developing a network of clean energy hubs, raised €118 million.

🇬🇧 London-based Fundment, a fintech platform for financial advisers, raised €53 million.

🇬🇧 London-based Lindus Health, a startup aiming to transform the clinical trial industry, raised €52.3 million.

🇬🇧 London-based Vertice, a spend optimization platform, raised €47.9 million.

🇬🇧 London-based Amplience, a provider of headless content management solutions, raised €37.9 million.

🇬🇧 London-based Forest, a shared bike operator, raised €15.3 million to expand its e-bike fleet and support sustainable growth.

SERIES A
Spanish market leader in embedded insurance Weecover raises €4.2 million

🇪🇸 Barcelona-based Weecover, the Spanish market leader in embedded insurance, has raised a €4.2 million round to expand its insurance products and services.

Founded in 2019, this startup provides a wide range of APIs and technology solutions to connect insurers with consumer distributors (essentially, companies that sell insurance directly or indirectly to consumers) in a fast, competitive, and secure way.

Their customers primarily include retail companies, e-commerce platforms, financial institutions, and digital applications. The funding press release highlights some big names, such as PcComponentes, FNAC, Decathlon, seQura, and insurance companies like Mapfre, Línea Directa, and LagunAro.

Weecover also operates in international markets, including Portugal, France, Andorra, and Mexico. By the end of 2024, its platform had processed more than 100,000 insurance contracts annually. Bra-vo! 👏 

👉️ Read more about this deal here.

+ Series A funding stories:

🇮🇸 Reykjavik-based Arctic Therapeutics, a drug discovery and development startup, raised €26.5 million.

🇩🇪 Stuttgart-based Sereact, a startup specializing in AI-powered robotics, raised €25 million.

🇩🇪 Berlin-based Tapline, a fintech startup offering financing solutions for SaaS and subscription businesses, raised €20 million.

🇩🇪 Berlin-based Project Eaden, a foodtech startup creating ultra-realistic plant-based meats with fiber-spinning technology, raised €15 million.

🇩🇪 Munich-based ecoplanet, an energy management platform for businesses, raised €16 million.

🇫🇷 Paris-based Kraaft, a startup transforming the construction industry with its AI collaboration platform, raised €13 million.

🇩🇪 Berlin-based Green Fusion, a startup digitizing and optimizing heating systems for apartment buildings, raised €12 million.

🇬🇧 Belfast-based StormHarvester, a SaaS company specializing in wastewater analytics, raised €9.7 million.

🇱🇺 Luxembourg-based Passbolt, a provider of open-source password and access management software, raised €7.6 million.

🇪🇸 Barcelona-based Sycai Medical, a startup developing an AI-powered cancer detection device, raised €3 million.

🇸🇪 Stockholm-based Open Payments, a FinTech platform for B2B payments, raised €3 million.

🇪🇪 Tallinn-based Fusebox Energy, a leading flexibility provider in the Baltics, raised €2.6 million.

🇬🇧 London-based Keyless, a startup specializing in privacy-preserving biometric authentication, raised €1.9 million.

SEED
K

🇪🇸 Barcelona-based Zynap, a cybersecurity startup leveraging Gen-AI to fight cybercrime proactively by simulating cyber threat tactics, has raised €5.7 million.

This startup was founded last year by Daniel Solís, who previously sold a startup in the cybersecurity space. Yet, they have already managed to raise a very promising seed funding round.

Zynap aims to redefine threat intelligence with technology that provides actionable and hard-to-access operational insights. However, I couldn’t find much information about its product yet—it’s set to launch in less than 10 days. We’ll be following them closely! 👀 

👉️ Read more about this deal here.

+ Seed funding stories:

🇩🇪 Berlin-based ENAPI, a connectivity platform for EV charging, raised €7.5 million.

🇩🇪 Ulm-based Matchory, a startup specializing in supplier matching and management, raised €6 million.

🇬🇧 London-based Aslan, a financial wellbeing platform for employees, raised €4.7 million.

🇨🇭 Zurich-based ZuriQ, a quantum computing startup, raised €4 million.

🇩🇪 Neuss-based ScrapBees GmbH, a startup providing innovative recycling solutions for tradespeople and businesses, raised €4 million.

🇩🇰 Copenhagen-based Tryp.com, an AI travel planning platform, raised €3.1 million.

🇳🇱 Amsterdam-based Chapter, a SaaS startup for sustainable energy, raised €3 million to launch an AI-powered operating system for the energy transition.

🇬🇧 London-based Intryc, an AI-powered customer service quality assurance platform, raised €3 million.

🇬🇧 London-based Vizgard, a company automating security cameras, raised €1.7 million.

🇩🇪 Berlin-based ingarden, a foodtech startup addressing nutrient deficiencies, raised €1.2 million.

🇨🇿 Prague-based OUTFINDO, an AI-powered platform simplifying online shopping through intelligent product selection, raised €1.2 million.

🇪🇸 Madrid-based xNova International, a market intelligence platform for exporters, raised €1 million.