Europe's start-ups raised over €818M last week across more than 70 deals
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- Tech.euOriginal on Tech.eu (opens in a new tab) 12 Oct
The story so far, in brief; the legwork, and the full article, stay with the original outlet.
European tech companies closed more than 70 funding deals worth over €818 million last week, alongside more than 10 exits, acquisitions and related stories. The biggest cheque went to Universal Quantum, a University of Sussex spinout, which raised a $100M Series A. NEA led a $90M Series B for France's Spiko, and Sweden's Yazen took €50M. Germany's RobCo became a robotics unicorn after its valuation doubled in nine months. Leonardo DiCaprio put an undisclosed number of millions into Sweden's Elvy.
Spain's share was modest and specific. Plesh closed €3.75M, SafeLoc raised more than €1.4M, and Mothium raised €1M from Arcano Partners and Fundalogy. Niubiq raised €410,000 from Club de Inversión Órbita, Angels Capital and Elephant. Going the other way, Spanish fintech Bcas is buying Berlin-based Lendorse. Elsewhere, SAP bought Belgium's TechWolf in what was described as the country's largest VC-backed deal.
The September figures were also out. European start-ups raised €15.8 billion across 300 deals that month, with funding value up almost 394 per cent on August and deal count up 82 per cent, which mostly says something about August. The UK accounted for €7.3 billion of the total and cloud companies for €5.5 billion. Exits held roughly steady at 39 for the month.
