Who Got Funded? Week 12, 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 to 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
Barcelona-based Poseidona raises €1.1 million for innovative algal protein ingredients

🇪🇸 Catalan FoodTech startup Poseidona has raised €1.1 million in a pre-seed funding round, aiming to further develop its innovative and sustainable algal protein ingredients.

As a consumer of alternative proteins, I find Poseidona’s proposal very interesting because it combines sustainability with addressing the problem of invasive algae. The company expects to bring its first product to market by the end of 2024.

You can learn more about this deal here.

More pre-seed interesting stories:

🇩🇪 Berlin-based Enapi bags €2.5 million pre-seed to enable affordable connectivity in the EV charging industry.

SEED
UK-based indie horror game devs Cathedral Studios raise $6.66 million in seed funding

🇬🇧 Cathedral Studios, a UK-based independent game development company, announced the successful closure of a seed funding round, securing $6.66 million. ☠️ 

This company claims to be changing the future of gaming with the launch of the horror game The Bornless. I am not very much into games, but if you are, you should definitely check this out.

You can learn more about this deal here.

More seed interesting stories:

🇫🇷 Paris-based Cure51 raises €15 million to develop first-in-class treatments from exceptional cancer survivors.

🇸🇪 Stockholm-based Cemvision bags €10 million to lead the net-zero cement game.

🇩🇪 Berlin-based Daato closes €5 million seed to further accelerate the ESG transformation.

🇫🇷 Paris-based Pelikan Mobility raises €4 million seed funding for commercial fleet electrification.

🇳🇱 Utrecht-based Altura raises €3 million to disrupt the bid management process with AI.

🇪🇸 Valencia-based Imperia raises €3 million to become the go-to SaaS for supply chain management in Europe.

🇬🇧 London-based Stanhope AI raises €2.7 million for neuroscience-driven AI.

🇨🇿 Prague-based Flowpay raises over €2 million to make SME financing more accessible through embedded finance.

🇬🇧 Guildford-based Nukoko secures over €1.3 million to scale-up production of their cocoa-free chocolate bar.

SERIES A
London-based Mission Zero Technologies raises €25.4 million to empower carbon removal around the world

🇬🇧 Mission Zero Technologies, a developer of versatile modular direct air capture (DAC) technology, announced it has raised €25.4 million in Series A funding led by 2150.

This financing will enable Mission Zero to fast-track the creation of a widely deployable DAC solution capable of removing 1,000 tonnes of CO₂ from the atmosphere annually.

You can read more about this deal here.

More Series A interesting stories:

🇺🇸 Palo Alto-based Foundry, a provider of a public cloud for AI/ML workloads, raised €74 million in funding.

🇺🇸 Palo Alto-based Hippocratic AI, a company building a safety-focused LLMs for healthcare, closed a €49 million funding round.

🇩🇪 Hamburg-based Novocarbo bags €25 million to catalyse Europe’s net zero infrastructure.

🇬🇧 London-based Anima snaps €11 million Series A to accelerate deployment of patients and healthcare professionals.

🇵🇹 Lisbon-based UpHill secures €7 million Series A to scale its healthcare autopilot for doctors and nurses.

SERIES B AND LATER
The Browser Company, which makes the Arc browser, has raised $50 million at a $550 million valuation

🇺🇸 New York-based startup The Browser Company, known for creating the Arc browser, has secured a $50 million investment in a funding round spearheaded by Pace Capital, valuing the company at $550 million.

To me, this startup represents an intriguing case for two reasons:

1. They are competing against giants in an oligopolistic market.

2. They have no clear plans for monetization.

In theory, it sounds pretty crazy, right? 😂 

You can read more about this deal here.

More Series B (and later) interesting stories:

🇺🇸 Food delivery platform Wonder draws €647 million funding round.

🇮🇳 Audio platform Pocket FM bags €95 million in funding as it eyes global expansion.

🇫🇷 Paris-based Greenly bags €48 million Series B to become the global reference in carbon management.

🇸🇪 Stockholm-based electric vessel maker Candela gets €25 million to speed up production.

🇬🇧 Manchester-based AccessPay closes €22.1 million to expand bank integration solution to the US.