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 8/4/23 featuring funding details for Clue, ADCEndo, and six other European deals representing £252M in new funding that you absolutely need to know about.
TerraPay – $100.0M
London-based TerraPay is a mobile-first payments service that allows anyone, anywhere, to send money to a mobile number instantly. Founded by Akbar Hussain, Ambar Sur, Ani Sane, and Ram Sundaram in 2014, TerraPay has now raised a total of $141.5M in total equity funding and is backed by International Finance Corporation, Partech, Prime Ventures, U.S. International Development Finance Corp.
Clue – €7.0M
Berlin-based Clue is a female health application that tracks period and fertility cycle. Founded by Hans Raffauf, Ida Tin, Mike Lavigne, and Moritz von Buttlar in 2012, Clue has now raised a total of $55.4M in total equity funding and is backed by Balderton Capital, Union Square Ventures.
Finanzguru – €13.0M
Frankfurt-based Finanzguru is an AI-powered financial assistant that assists users in managing their accounts and contracts. Founded by Alexander Michel and Benjamin Michel in 2015, Finanzguru has now raised a total of €27.0M in total equity funding and is backed by coparion, Deutsche Bank, Frank Strauss, Hannover Digital Investments, PayPal Ventures, SCOR Ventures, Venture Stars, VR Ventures.
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Adludio – £2.0M
London-based Adludio is the AI-powered platform that delivers interactive mobile advertising. Founded by Andy Williams, Ben Hoyle, Howard Kingston, and Jacques Kotze in 2015, Adludio has now raised a total of $24.2M in total equity funding and is backed by Mercia Fund Managers.
Quantexa – $129.0M
London-based Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence. Founded by Imam Hoque and Vishal Marria in 2016, Quantexa has now raised a total of $370.0M in total equity funding and is backed by ABN AMRO Ventures, AlbionVC, BNY Mellon, British Patient Capital, Dawn Capital, Evolution Equity Partners, GIC, HSBC, Warburg Pincus.
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ADCendo – €31.0M
Copenhagen-based ADCendo ApS is a biotech company dedicated to developing new types of anti-cancer drugs. Founded by Christoffer Nielsen, Henrik Stage, Lars H. Engelholm, and Niels Behrendt in 2017, ADCendo has now raised a total of €82.0M in total equity funding and is backed by Gilde Healthcare, HealthCap, Novo Holdings, Pontifax, RA Capital Management, Ysios Capital.
HeatTransformers – €15.0M
Woerdense Verlaat-based HeatTransformers provides a digital platform intended to install hybrid heat pumps. Founded by Stijn Otten in 2018, HeatTransformers has now raised a total of €15.0M in total equity funding and is backed by ENERGIIQ, Energy Impact Partners, Fair Capital Partners Impact Investing.
Seenons – €10.0M
Amsterdam-based Seenons is a technology company that uses IT solutions and smart logistics for circular waste management. Founded by Joost Kamermans, Jorn Eiting van Liempt, and Martin Kayser in 2019, Seenons has now raised a total of €16.0M in total equity funding and is backed by CapitalT, Invest-NL, Shamrock Ventures, Swiss Post, Tablomonto Ventures.