Who Got Funded? Week 11, 2024

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

My name is Onofre, and I'm an entrepreneur based in Aarhus, Denmark. Each week, I dedicate 3-4 hours of my free time to reading startup news, which I then summarize in this newsletter.

I hope you enjoy it. Thank you so much for reading.

Estimated reading time: ⌛️  4 min 40 sec.

PRE-SEED
Cologne-based fintech Naro secures €2.7 million pre-seed to enable companies to build their ETFs

🇩🇪 Fintech startup Naro secured €2.7 million in pre-seed funding to enable companies to easily launch ETFs, index, and money market funds without dealing with operational or regulatory challenges.

I find this proposal interesting because I believe Naro's approach democratizes access to creating investment funds (such as ETFs), a process traditionally seen as complex and expensive.

You can learn more about this deal here.

More pre-seed interesting stories:

🇩🇪 German VC platform AQUATY raises €2.3 million pre-seed to reduce entry barriers to venture capital.

🇳🇱 Amsterdam-based Orq.ai adds €1.5 million pre-seed to demystify Generative AI for enterprises.

🇮🇹 Milan-based positive impact startup Talentware gets €800k pre-seed to enable data-driven workforce planning.

SEED
Adaptive ML raises over €18.3 million to help companies build unique GenAI experiences

🇫🇷 Adaptive ML, a Paris- and New York-based startup enabling companies to perpetually improve their generative AI models based on users’ interactions, raised €18.3 million in seed funding.

Yes… What else would you like me to add? This startup is particularly interesting because it targets a market that could become huge in the upcoming years: Generative AI.

You can learn more about this deal here.

More seed interesting stories:

🇺🇸 Physical Intelligence, which develops AI models for robots and physical devices, raises $70 million with OpenAI, Thrive, Khosla, or Sequoia.

🇺🇸 Cognition AI raises $21 million with Founders Fund (Peter Thiel) for its coding assistant for developers.

🇩🇪 Berlin-based Frontnow raises €3.8 million to hyper-personalise the B2B e-commerce experience.

🇩🇪 Munich-based Mindfuel closes €3.75 million to measure and monetize the success of data investments across Europe.

🇩🇪 German data startup Acto lands €3.7 million to empower B2B sales teams with their active decision intelligence.

🇸🇪 Stockholm-based Younium secures €2.7 million to solidify subscription management across Europe.

🇬🇧 London-based ThinkSono bags €2.4 million and achieves EU regulatory approval in ultrasound AI technology.

🇩🇪 Hamburg-based Autonomo secures €2.3 million to expand its cashierless shopping experience to the UK.

SERIES A
German restaurant discovery app NeoTaste snaps €15.1 million to go international

🇩🇪 Gastrotech app NeoTaste raised a total of €21 million, with €15.1 million secured as a Series A extension, adding to the €5.9 million raised six months prior.

This proposal has caught my attention because it amazes me how, in 2024, we still have restaurant discovery apps raising significant amounts of money. 😂 

However, NeoTaste's approach seems different from the apps I've seen before. They claim to have over 750,000 users and over 3,000 restaurants across 27 cities, so their app is clearly working in that sense.

You can learn more about this deal here.

More Series A interesting stories:

🇬🇧 London-based Griffin secures €21.9 million to scale operations after banking license approval.

🇪🇪 Tallinn-based BotGuard OÜ raises €12 million Series A to defend SMEs against malicious bot armies.

🇫🇷 Paris-based SUBLIME Energy bags €11.5 million to enable the local collection of biogas from farms.

🇦🇹 Vienna-based Necture raises €7 million Series A to accelerate electrification of corporate fleets.

SERIES B AND LATER
Amsterdam-based TheyDo raises €31.1 million to help businesses map customer journeys

🇳🇱 Amsterdam-based TheyDo, a journey management platform, announced on Thursday that it has secured an additional €31 million in a fresh funding round led by Blossom Capital, bringing the total funding to €46 million.

I absolutely love the problem this startup is addressing. Many companies claim to be customer-centric, but I would argue that only a few truly embody this principle.

You can learn more about this deal here.

More Series B (and later) interesting stories:

🇺🇸 Applied Intuition, a U.S. vehicle software company, raised $250 million in Series E funding, reaching a $6 billion valuation.

🇺🇸 Together AI Raises $106 million in VC funding round, led by Salesforce.

🇺🇸 Cybersecurity company Nozomi Networks has secured $100 million in a Series E funding round.

🇺🇸 Ocient raises $49.4 million to grow hyperscale database capabilities.

🇳🇱 Dutch-based Eye Security secures €36 million from Bessemer Venture Partners, others to protect SMEs from cyber threats.