Who Got Funded? Week 14, 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 35 sec.

PRE-SEED
Supersimple raises €2 million to rethink how companies work with structured data

🇪🇪 Supersimple, a Tallinn-based data platform aimed at enabling users to answer complex ad-hoc questions with zero code, has announced €2 million in funding.

To me, Supersimple is an interesting company because I really like their vision. The ultimate goal of Supersimple is to empower every individual in a company to answer complex ad-hoc questions with ease, accuracy, and without any coding.

You can read more about this deal here.

More pre-seed interesting stories:

🇮🇹 Milan-based job search startup StepsConnect raises €1 million to expand its recruitment platform abroad.

🇸🇪 Swedish startup Ironic Biotech raises €1 million pre-seed to help people suffering from iron deficiency and anemia.

🇩🇪 Munich-based Adon Health raises a high six-figure round to address testosterone deficiency and reshape male health.

SEED
Lumana AI, a company offering a cloud-based security platform with image recognition, has raised €22 million

🇺🇸 California-based Lumana AI, maker of a cloud-based security platform with image recognition capabilities, has secured €22 million in seed funding.

This startup says its technology transforms any security camera into an AI-powered device capable of identifying complex events and risks. According to Forbes Business Research, the video analytics market will grow from $8 billion this year to almost $38 billion by 2030.

You can learn more about this deal here.

More seed interesting stories:

🇬🇧 London-based CharitableBookings.com raises €5.8 million to redesign the charitable giving space.

🇪🇸 Barcelona-based Holaglow, a healthcare sector startup that offers various skin care and aesthetic wellness solutions, has secured €1.2 million.

🇦🇹 Vienna-based Syntropic secures seven-figure funding to develop new treatment for major depressive disorder.

SERIES A
Ikas raises €18.5 million to help SMEs and entrepreneurs easily launch online stores

🇹🇷 Turkish startup Ikas, a next-gen e-commerce infrastructure, announced a €18.5 million Series A funding. The platform allows SMEs and entrepreneurs to create online stores easily, without technical skills, and manage e-export processes to sell globally.

This startup has reached $10 million in ARR (Annual Recurring Revenue) in just 16 months, and has become one of the most important e-commerce infrastructure players in Türkiye.

You can read more about this deal here.

More Series A interesting stories:

🇸🇪 Stockholm-based Scayl emerges from stealth and raises €100 million to grow the loan books of European fintech lenders.

🇫🇮 Helsinki-based Onego Bio Secures €36.9 million Series A for animal-free egg protein.

🇬🇧 Coadjute, a London-based property tech startup, has received €11.7 million for its platform that accelerates home buying through online networking and data sharing.

🇫🇷 Paris-based Iceberg Data Lab secures €9.2 million Series A to provide environmental data for financial institutions in the UK.

SERIES B AND LATER
Paris-based Pigment raises €133 million to redefine business planning

🇫🇷 Pigment, a Paris-based startup that provides financial planning and forecasting software for large companies, has raised €133 million.

I would say that, in Europe, encountering such large funding rounds is quite rare outside the realms of buzzwords (e.g., AI) or companies that require significant capital expenditure (CAPEX).

The reason why Pigment has been able to close such a large amount of funding is because, in 2023, the startup managed to triple its revenue and double its customer base with well-known clients like Unilever, Datadog, Kayak and Merck. Half of Pigment’s clients are based in the United States.

You can read more about this deal here.

More Series B (and later) interesting stories:

🇺🇸 Flip, a social commerce startup that operates an online marketplace showcasing product review videos created by consumers, has secured €132 million in new funding.

🇮🇱 Israel-based AI chip unicorn Hailo raises another €110 million to bring GenAI to edge devices.

🇺🇸 California-based Aerospike raises €100 million for its real-time database platform to capitalize on the AI boom.

🇺🇸 Team management app Homebase welcomes €55 million Series D to give SMBs ‘superpowers’.

🇬🇧 London-based Luminance secured €36.9 million in Series B funding to fulfill the prediction that LLMs will significantly automate paralegal tasks.

🇫🇷 Lyon-based Fluid Topics raises €15 million for GenAI-powered customer service.