Who Got Funded? Week 18, 2024

29 Apr-5 May, 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 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 30 sec.

SERIES B AND LATER
Beehiiv attracts €30.8 milllion to make its newsletter publishing platform more sticky

🇺🇸 New York-based Beehiv closed a €30.8 million round to keep expanding its next-generation email newsletter platform.

Since I'm using Beehiiv to write this newsletter, I'm happy to highlight this startup case. According to the funding press release, this company is sending out 1 billion emails per month from around 20.000 active newsletters, with nearly 5 billion people using email globally.

Not bad, right? They should have plenty of room to keep growing.

You can read more about this deal here.

More Series B (and later) interesting stories:

🇺🇸 New York-based CoreWeave raises €1.02 billion at €17.6 billion valuation to grow its GPU cloud.

🇪🇪 Tallinn-based Bolt secures €220 million syndicated revolving credit facility in debut financing round.

🇺🇸 California-based Karius raises €92.8 million to expand access to advanced genomic diagnostics.

🇩🇰 Danish-founded fintech Ageras raises €82 million for new acquisitions.

🇸🇪 Swedish electric boat company X Shore raises €8.5 million to navigate the sector’s sustainability shift.

SERIES A
Madrid-based Indigitall bags €6 million to grow its marketing automation solution in the Spanish-speaking markets

🇪🇸 Indigitall, a company that provides a software-as-a-service (SaaS) solution to personalize digital communications between brands and their customers, has closed an over-subscribed €6M Series A funding round.

According to one of their investors, Indigitall has achieved “triple-digit revenue growth and profitability (!!!) in the past three years.” Indigitall collaborates with over 200 enterprises and has established operations in more than 20 countries. Such an intriguing startup case!

You can read more about this deal here.

More Series A interesting stories:

🇧🇪 Ghent-based Aikido secures over €16 million to bring it’s security platform for developers to SMEs world-wide.

🇫🇷 Paris-based Carbonfact raises €13.9 million to fast decarbonise the fashion industry.

🇺🇸 “Wallet-as-a-Service” startup Ansa raises €13 million with female investors leading the way.

SEED
Icelandic startup Prescriby secures €2 million in funding to innovate at the root of the opioid crisis

🇮🇸 Icelandic-Canadian biotech Prescriby has raised €2 million for its treatment management platform for addictive medication.

In the United States alone, the Centers for Disease Control and Prevention (CDC) reported 112.024 drug overdose deaths in the 12 months ending May 2023, showing a significant increase of 2.700 compared to the previous year.

I admire this startup because they're trying to address a problem that, in my opinion, society can't afford to ignore. It's a tragedy.

You can read more about this deal here.

More Seed interesting stories:

🇩🇪 Berlin-based Ovom Care secures €4.8 million to advance AI-driven fertility care.

🇮🇪 Dublin-based Ceartas DMCA an AI-powered copyright and piracy protection platform secures over €4 million.

🇳🇱 The Hague-based RESONIKS secures €2.65 million to make manual quality inspection a thing of the past.

🇫🇷 Paris-based Klineo raises €2 million to revolutionize access to clinical trials for oncology patients.

🇬🇧 Manchester-based Made With Intent raises €1.75 million to put customer intent at the heart of eCommerce.

🇬🇧 British agtech CroBio secures €1.45 million seed to enhance agricultural drought resilience with soil microbes.

🇨🇿 Prague-based Birdwingo secures €1.2 million for their financial education and investment platform.

PRE-SEED
London-based Symbe raises €1.4 million to transform sales by automating the creation of business cases

🇬🇧 London-based Symbe, an AI-powered platform that helps sales teams win more deals by automating the creation of tailored business cases, has raised a €1.4 million pre-seed round.

As one of their investors says: “Every single company in the world is selling something. However, very few companies have explored how AI and machine learning can turbocharge that process by creating tailored business cases”.

I like how this startup is approaching the market. They may discover interesting use cases for their product.

You can read more about this deal here.

More pre-Seed interesting stories:

🇮🇹 Milan-based Glaut secures over €1.3 million to help B2C businesses uncover customer insights through conversational surveys.

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

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