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- Who Got Funded? Week 17, 2024
Who Got Funded? Week 17, 2024
22-28 April, 2024. Your weekly summary of top startup investment stories with a special focus on the European market.
Welcome to another edition of the Who Got Funded newsletter. 🚀
My name is Onofre, and I'm an entrepreneur living 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 55 sec.
PRE-SEED
Polish startup ForActive raises €1.5 million to boost independent sports instructors
🇵🇱 ForActive, a startup building a payments and communication app for sport instructors, raised over €1.5 million in pre-seed funding.
Even though I understand that collecting payments from customers is a challenge for independent sports instructors, I wonder if that can be solved with an app, or if it’s more of a human issue.
You can learn more about this deal here.
More pre-seed interesting stories:
🇬🇧 London-based Camion raises €2.7 million pre-seed to futureproof real estate for the energy transition.
🇫🇷 Paris-based Edonia raises €2 million to produce plant-based ingredientes from microalgae.
🇪🇪 Tallinn-based Salesforge secures €470k pre-seed to build a future-proof AI co-pilot in B2B Sales.
SEED
French startup FlexAI exits stealth with €28 million to ease access to AI compute
🇫🇷 Paris-based FlexAI, founded in October 2023, raised €28 million to 'rearchitect compute infrastructure' for developers wanting to build and train AI applications more efficiently.
Being able to raise so much money in such a short period of time usually indicates that at least one of the founders has an impressive background, and that's exactly the case for this startup. Co-founder and CEO Brijesh Tripathi previously worked at Nvidia and even at Tesla, under the direct supervision of Elon Musk.
You can read more about this deal here.
More seed interesting stories:
🇩🇪 Berlin-based Goodcarbon secures €5.25 million to bring new high-quality nature-based solutions to market.
🇩🇪 German startup Octomind raises €4.5 million to create a bug-free future for software development.
🇩🇪 Berlin-based Roclub secures €4 million to overcome shortage of medical technical workers in Europe and the US.
🇫🇷 Strasbourg-based Pixacare raises €3 million to automate wound care monitoring.
🇩🇰 Copenhagen-based fashion tech Rodinia Generation raises €3 million to combat industry overproduction.
🇫🇷 Paris-based fintech RockFi raises €3 million to become the “new wealth management”.
🇩🇪 Berlin-based Cultimate Foods raises €2.3 million to deliver meaty flavors while cutting down on intensive farming.
🇬🇧 London-based recycling startup Sorted raises over €1.9 million aiming to solve material sorting gap.
🇪🇪 Tallinn-based 10Lines secures €1.5 million to automate line marking operations with AI and robotics.
🇨🇿 Czech startup Talsec secures €1 million to offer a protection toolkit for mobile-first businesses.
SERIES A
German-based fintech Markt-Pilot, a SaaS platform for pricing, secured €40 million in Series A funding
🇩🇪 Founded in 2020, German-based Markt-pilot is developing a SaaS solution for dynamic pricing to boost revenue and margins in manufacturers' after-sales (*) businesses.
As stated in the funding press release, over 100 customers have experienced an average increase of more than 20% in spare parts sales due to this startup's software solution. Interesting!
You can read more about this deal here.
(*) Not sure what an after-sales business is? Click on this link to learn more.
More Series A interesting stories:
🇹🇷 Turkish startup Midas secures €42 million in one of Turkey's largest Series A funding rounds for its retail investment platform.
🇫🇷 Paris-based Payflows raises €25 million Series A to build the command centre for finance teams.
🇩🇰 Danish-based Formalize raised €15 million aiming to become Europe’s leading compliance software provider.
SERIES B AND LATER
Berlin-based Parloa bags €61.7 million Series B to scale and expand AI-powered customer service platform
🇩🇪 Parloa, a leader in AI-powered automation for customer service, announced that it has raised €61.7 million in Series B funding.
Founded in 2018 in Berlin, Parloa uses AI to transform contact center operations and disrupt the $500 billion (!) call center market. Its AI platform supports major players in insurance, e-commerce, utilities, and travel, enabling personalized, dynamic, and humanlike customer interactions. What a fascinating business case!
You can read more about this deal here.
More Series B (and later) interesting stories:
🇺🇸 Augment raises €212 million at €912 million valuation to empower software teams with AI.
🇧🇷 Brazilian FinTech unicorn QI Tech raises fresh funds months after €186 million Series B.
🇺🇸 HR software maker Rippling closes €186 million round at €12.76 billion valuation.
🇮🇪 Dublin-based Tines taps €46.7 million to expand its workflow automation beyond security teams.
🇩🇪 Munich-based Smart Reporting closes €23 million Series C to strengthen presence in North America and Australia.
🇫🇮 Helsinki-based HappySignals raises €12 million aiming to transform IT decision-making with human-centric data and AI.
🇺🇸 RevenueCat raises €11.2 million Series C as it expands its subscription management to the web.
Thank you for reading, see you next week! 🧑🚀 🚀
Feedback is very much appreciated.
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