The European Tech Weekly Notable Startup Funding Report takes on a trip across various ecosystems in Europe, highlighting some of the notable funding activity in the various markets that we track. The notable European Tech startup fundings for the week ending 11/3/23 featuring funding details for Relai, Unitary, Quantware, and seven other European deals representing £669M in new funding that you absolutely need to know about.
QuantWare – €6.0M
Delft-based QuantWare is a computer hardware company focused on designing, developing, and fabricating hardware to enable quantum computing. Founded by Alessandro Bruno and Matthijs Rijlaarsdam in 2020, QuantWare has now raised a total of €7.2M in total equity funding and is backed by European Innovation Council, Rabobank, FORWARD.one, QDNL Participations, and Graduate Entrepreneur Fund.
Iktos – €15.5M
Paris-based Iktos is a deep learning technology platform focused on new drug design and discovery. Founded by Nicolas Do Huu, Quentin Perron, and Yann Gaston-Mathe in 2016, Iktos has now raised a total of €15.5M in total equity funding and is backed by Bpifrance, Omnes Capital, AGORANOV, M Ventures, and Debiopharm Innovation Fund.
Unitary – £6.7M
Cambridge-based Unitary builds context-aware AI and multimodal machine learning approaches to analyze content in context. Founded by James Thewlis and Sasha Haco in 2019, Unitary has now raised a total of £8.0M in total equity funding and is backed by Google for Startups, Entrepreneur First, Creative Destruction Lab (CDL), Global Founders Capital, and Edward Lando.
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Yoti – £10.0M
London-based Yoti is a digital identity platform that provides secure identity verification, online and in person. Founded by Duncan Francis, Noel Hayden, and Robin Tombs in 2014, Yoti has now raised a total of £26.0M in total equity funding and is backed by Lloyds Banking Group, Future Fifty, Noel Hayden, and Robin Tombs.
Threecolts – £75.4M
London-based Threecolts is a cloud business suite for Amazon businesses. Founded by Yoda Yee in 2021, Threecolts has now raised a total of £75.4M in total equity funding and is backed by CoVenture, Crossbeam Venture Partners, Stratos Technologies, and General Global Capital.
Abound – £500.0M
London-based Abound is a consumer lending financial firm that provides personal loans. Founded by Dr Michelle He and Gerald Chappell in 2020, Abound has now raised a total of £540.0M in total equity funding and is backed by Citi, GSR Ventures, Waterfall Asset Management, Hambro Perks Ltd., and Varengold Bank.
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THIS – £10.0M
London-based THIS is a plant-based product brand that provides alternative meat products. Founded by Andy Shovel and Pete Sharman in 2018, THIS has now raised a total of $46.7M in total equity funding and is backed by Business Growth Fund, Seedcamp, Lever VC, Idinvest Partners, and BACKED VC.
Relai – $4.5M
Zurich-based Relai offers a bitcoin buying and saving app. Founded by Adem Bilican and Julian Liniger in 2019, Relai has now raised a total of $9.7M in total equity funding and is backed by Crowdcube, SICTIC, Lightning Ventures, Fulgur Ventures, and Redalpine.
SteadyPay – $3.0M
London-based SteadyPay is an income smoothing app for the modern economy. Founded by John Downie, Oleg Mukanov, Oleg Mukhanov, and Victor Pawley in 2017, SteadyPay has now raised a total of $13.4M in total equity funding and is backed by Ascension, Future Fund, TrueSight Ventures, Chris Adelsbach, and Ascension Ventures.
Envisics – $50.0M
Milton Keynes-based Envisics is a holographic technologies company focused on augmented reality head-up displays (AR-HUDs) and automotive sensor systems. Founded by Jamieson Christmas in 2018, Envisics has now raised a total of $100.0M in total equity funding and is backed by Hyundai Mobis, InMotion Ventures, SAIC Venture Capital, Van Tuyl Group, and Arcadia Investment.
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