Who Got Funded? Week 15, 2024

8-14 April, 2024. Your weekly summary of top startup investment stories with a special focus on the European market.

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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 45 sec.

PRE-SEED
Berlin-based Scavenger AI raises €1.1 million pre-seed to help companies get better at data-driven decision-making

🇩🇪 Scavenger AI, a German data analytics and AI firm, has raised €1.1 million in pre-seed funding to accelerate complex data analyses for businesses.

Time goes on... yet the term “data-driven” never seems to get old. I think this startup has potential because I believe AI possesses many interesting properties for the data market.

However, in the funding round press release, they state that they believe “companies are generating more and more data, but there is a lack of time and resources to convert this data into actionable recommendations.”

Well, I disagree. You always have time to analyze important data points.

You can read more about this deal here.

More pre-seed interesting stories:

🇱🇹 Vilnius-based spacetech Blackswan Space raises €760k to pioneer satellite autonomy.

SEED
Munich-based Proxima Fusion bags €20 million seed to accelerate timeline to fusion power

🇩🇪 Proxima Fusion, the first spin-out from the Max Planck Institute for Plasma Physics (IPP), has raised €20 million in seed funding.

This startup aims to spearhead the development of the first generation of fusion power plants, utilizing quasi-isodynamic (QI) stellarators and high-temperature superconductors. Their vision is to usher Europe into a new era of clean energy, permanently. Super interesting!

You can read more about this deal here.

More seed interesting stories:

🇸🇪 Stockholm-based Gilion secures €10 million equity round to fuel expansion of its growth platform.

🇳🇱 Amsterdam-based Renewaball gets €3 million to reduce environmental impact of tennis and padel balls.

🇪🇸 Bilbao-based Nymiz gets €2.8 million to boost data privacy in the era of generative AI.

🇩🇪 Berlin-based Torg raises €2.7 million to transform food and beverage sourcing with its AI-powered platform.

🇬🇧 London-based Marleybones bites €1.05 million seed to redefine dog food with superfood meals

SERIES A
Madrid-based Onum raises €26.2 million in Series A for data observability and orchestration platform

🇪🇸 Data observability platform Onum, which enables companies to manage their data, costs, and performance, has announced a €26.2 million Series A funding round.

I like this startup because I faced their target problem at my previous company. Their real-time observation and orchestration platform reduces the amount of data that organizations send to their analytics and security tools, ensuring that companies only pay for what they really need.

You can learn more about this deal here.

More Series A interesting stories:

🇬🇧 London-based SMB financial management platform Mimo raises €18 million to simplify B2B payments.

🇬🇧 London-based Pactio raises €12.9 million Series A to supercharge private equity workflows.

🇪🇸 Madrid-based TaxDown raises €5 million to further disrupt tax filing in Spain and Latam.

🇬🇧 London-based compliance tech Veremark secures €2.8 million to expand global background screening capabilities.

SERIES B AND LATER
Paris-based HysetCo raises nearly €200 million to decarbonize urban transport with hydrogen mobility

🇫🇷 HysetCo, a pioneer in hydrogen mobility solutions, announced the closing of a financing round of nearly €200 million to accelerate the decarbonization of urban transport.

Founded in 2020, HysetCo is leading the sector with its integrated mobility solution that synchronizes infrastructure and service deployment to promote hydrogen use. The company provides easy access to its hydrogen stations and a full-service package covering vehicle procurement, maintenance, insurance, and training.

The startup has successfully converted over 500 professionals to its solution (primarily taxi drivers), and now distributes nearly 30 tonnes of hydrogen every month.

You can learn more about this deal here.

More Series B (and later) interesting stories:

🇺🇸 New York-based AI data security startup, Cyera, confirms a €280 million funding round at a €1.3 billion valuation.

🇩🇪 Berlin-based Zolar secures €100 million to launch new financing solution for residential solar customers.

🇪🇸 Barcelona-based Factorial secures €74.5 million go-to-market investment to preserve equity and fuel growth.

🇳🇱 Amsterdam-based neobank Bunq raises €29 million to expand in the UK and the US.

🇫🇮 Helsinki-based Basemark raises €22 million Series B to make driving safer with AR.

🇫🇷 Nantes-based agtech Weenat snaps €8.5 million Series C to combat water scarcity with data.

🇦🇹 Vienna-based WeAreDevelopers raises a 7-figure investment to fuel growth of its developer community platform.

Thank you for reading, see you next week! 🧑‍🚀 🚀 

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