ZE Energy, TCC, Xavveo, and Plato

🚀 Welcome to another edition of the Who Got Funded newsletter.

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I'm Onofre—product manager by day, entrepreneur by night, based in Aarhus (Denmark). Each week, I spend 3-4 hours reading startup news and summarizing the most exciting European funding rounds in this newsletter.

As always, thank you so much for reading!

Estimated reading time: ⌛️ 5 min 25 sec.

SERIES B AND LATER
Paris-based ZE Energy secured €54 million to sell green energy across Europe

🇫🇷 Paris-based ZE Energy, a renewable energy company specializing in developing and operating hybrid power plants (primarily solar, but combined with other sources) and energy storage solutions, has raised €54 million in new funding.

Founded in 2019, this scaleup is on track to reach 900 MW in photovoltaic energy production (equivalent to around 2.7 million solar panels!) and 600 MWh of storage by 2026. Not bad.

Did you know that the Bank of Spain estimates that electricity prices could fall by up to 50% by 2030 due to increased renewable energy generation? Companies such as ZE Energy should play a key role in this transition. 🌱 

👉️ Read more about this deal here.

+ Series B (and later) funding stories:

🇬🇧 London-based Kaizen, a provider of regulatory compliance solutions for global financial institutions, raises €50.6 million.

🇫🇷 Biot-based Cintoo secures €37 million to accelerate AI and metaverse innovations in reality data management.

🇪🇸 Vigo-based fintech Marosa, an accounting SaaS for invoicing and compliance, secures €12 million.

🇦🇹 Vienna-based iDWELL secures €10 million aiming to enhance property management solutions.

SERIES A
Hamburg-based TCC raises €20 million for its telemedicine and AI powered solutions

🇩🇪 Hamburg-based TCC, an emerging telemedicine and AI provider, has successfully raised €20 million in Series A funding.

This startup, founded in 2022, provides remote support for intensive care units (ICUs) using AI-driven tools. The company develops algorithms to process high-frequency vital data for real-time patient monitoring and offers digital dashboards to enhance communication among healthcare providers for connected patient care. Honestly, I think it’s a fantastic idea.

TCC’s services are already in place across several hospitals in Germany, with a team of 10 intensive care physicians providing 24/7 telemedical support, risk assessment, and preventive care. Isn’t it impressive, given that they’re only 2 years old and working in the healthcare industry? Very impressive!

👉️ Read more about this deal here.

+ Series A funding stories:

🇸🇪 Stockholm-based Yazen Health secures €19.5 million to combat obesity.

🇳🇴 Oslo-based Glint Solar closes €7.5 million to help accelerate solar energy adoption across Europe.

🇪🇪 Tallinn-based Miros secures €6 million to reimagine visual search technology.

🇫🇮 Tampere-based Quanscient secures €5.2 million to bring engineering simulation into the quantum era.

SEED
Berlin-based Xavveo secures over €7.9 million to enhance autonomous vehicle safety

🇩🇪 Berlin-based Xavveo, aiming to redefine safety and reliability in autonomous driving with its pioneering photonic distributed radar system, has secured a €7.9 million seed round.

Let me try to break it down in very simple words. Xavveo is using photonics (basically, light-based technology that lets them create precise, light signals) and a radar system (a tool that uses waves to detect objects around it) to help cars "see" their surroundings more clearly and safely. This combination lets autonomous cars navigate safely, even in tough weather like fog or rain.

The founding team of Xavveo brings together experts in silicon photonics, autonomous systems, and advanced hardware and software, making the company very well-positioned in sensor technology.

According to the press release, Xavveo is targeting a total addressable market (TAM) of $26 billion, which is expected to grow rapidly in the coming years.

👉️ Read more about this deal here.

+ Seed funding stories:

🇬🇧 London-based iFAST Diagnostics secures over 5.9 million to combat antimicrobial resistance globally.

🇪🇸 Barcelona-based Acai Travel raises €3.7 million aiming to reinvent travel operations using AI.

🇫🇷 Paris-based Theremia secures €3 million to advance personalised medicine.

🇳🇱 Amsterdam-based SeaO₂ secures over €2 million to advance its CO₂ removal technology.

🇪🇸 Madrid-based Webel has secured €1.4 million to support its international expansion.

🇳🇱 Amsterdam-based Pantheon Mining secures €1 million to accelerate bitcoin mining.

PRE-SEED
Berlin-based Plato secures €6 million aiming to transform the wholesale industry with AI

🇩🇪 Plato, a Berlin-based AI-powered ERP automation platform designed for wholesale distributors, has announced the closing of its €6 million pre-seed funding round.

Okay, guys, this is a MASSIVE pre-seed round (a 10x from the median in Europe, which is €0.6 million according to Edda). But… What made this startup attract so much funding?

According to the press release, this startup helps the wholesale industry by:

• Unlocking new sales opportunities.

• Boosting seller efficiency, saving them 20% of their time.

• Accelerating internal growth through faster employee onboarding.

The startup tripled its client base over the past year and onboarded several of Germany’s largest distributors (like Layer Grosshandel), which, of course, made it a lot easier for investors to get on board. It seems this company has a very promising future on its hands.

👉️ Read more about this deal here.

+ Pre-seed funding stories:

🇩🇪 Berlin-based Cloudsquid secures over €900K to address document processing challenges in Europe.