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 1/4/23 featuring funding details for Bink, Hygraph, Safesize, and thirteen other European deals representing £255M in new funding that you absolutely need to know about.
Cabify – $68.0M
Madrid-based Cabify is a ride-sharing company that focuses on providing individual and corporate transportation options. Founded by Adrian Merino, Brendan Wallace, Francisco Montero, Juan De Antonio, Sam Lown, and Vicente Pascual in 2011, Cabify has now raised a total of $475.0M in total equity funding and is backed by AXIS Participaciones Empresariales and Orilla Asset Management.
EDITED – $15.0M
London-based Edited provides AI-powered retail optimization software for fashion brands and retailers. Founded by Geoff Watts and Julia Fowler in 2009, EDITED has now raised a total of $50.0M in total equity funding and is backed by Beringea, Delta-v Capital, Hermes GPE, and Wavecrest Growth Partners.
Atlas Metrics – €5.2M
Berlin-based Atlas Metrics develops technology to collect, manage, and report environmental, social, and governance (ESG) data. Founded by Wladimir Nikoluk in 2021, Atlas Metrics has now raised a total of €5.2M in total equity funding and is backed by another.vc, b2venture (formerly btov Partners), Cameron Hepburn, Charlie Songhurst, Cherry Ventures, Global Founders Capital, Martin Blessing, Matthias Hilpert, Redstone, Rivus Capital, and TD Veen.
Coadjute – £4.0M
London-based Coadjute offers a blockchain open network that cuts the cost and increases the speed of property transactions. Founded by John Reynolds, Mark Adams, and Sanj Bulsara in 2018, Coadjute has now raised a total of £10.0M in total equity funding and is backed by Praetura Ventures and Reech Corporations Group.
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Fetch.AI – $40.0M
Cambridge-based Fetch.AI develops a decentralized network for digital representatives to find, communicate, and trade with each other. Founded by Humayun Sheikh, Thomas Hain, and Toby Simpson in 2017, Fetch.AI has now raised a total of $66.0M in total equity funding and is backed by DWF Labs.
Finverity – $5.0M
London-based Finverity provides a supply chain finance platform for mid-market companies. Founded by Alex Fenechiu and Viacheslav Oganezov in 2017, Finverity has now raised a total of $8.1M in total equity funding and is backed by Acrobator Ventures | Acrobator.vc, B&Y Venture Partners, Outward VC, and s16vc.
Hygraph – $30.0M
Berlin-based Hygraph is a GraphQL-based federated content management system for digital creators and digital products. Founded by Daniel Winter and Michael Lukaszczyk in 2017, Hygraph has now raised a total of $43.6M in total equity funding and is backed by Boris Lokschin, One Peak Partners, OpenOcean, Peak, and SquareOne.
Inato – $20.0M
Paris-based Inato is a platform designed for clinical trials that can unlock research site potential. Founded by Jean-David Zeitoun, Kourosh Davarpanah, Philippe Ravaud, and William Pambrun in 2016, Inato has now raised a total of $35.5M in total equity funding and is backed by Cathay Innovation, La Maison Partners, Obvious Ventures, and Top Harvest Capital.
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LI.FI – $17.5M
LI.FI builds a multi-chain DeFi middleware for the application layer.
Safesize – €14.0M
Nijverdal-based Safesize revolutionize the way people buy shoes anytime, anywhere. Founded by Antonis Argyros in 2013, Safesize has now raised a total of €27.0M in total equity funding and is backed by 3TS Capital Partners, 5G Ventures, and Convent Capital.
TROOP (formerly TroopTravel) – $11.0M
Villanueva Del Pardillo-based TROOP is a corporate platform that optimizes meeting and event planning through data-driven technology. Founded by Dennis Vilovic and Leonard Cremer in 2017, TROOP (formerly TroopTravel) has now raised a total of $19.8M in total equity funding and is backed by All Iron Ventures, Conexo Ventures, Durable Capital Partners, and Madrona.
Bink – £9.0M
Ascot-based Bink offers loyalty and payment solutions for businesses and consumers. Founded by Greg Gormley and Lee Clarke in 2014, Bink has now raised a total of $34.5M in total equity funding and is backed by Barclays Corporate Banking and Lloyds Banking Group.
The London TechWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the London business community and beyond. Learn more about advertising to London Tech, at scale.
talpasolutions – €15.0M
Essen-based talpasolutions offers a predictive analytics SaaS platform that delivers unparalleled added value for the heavy industries. Founded by Artem Zitzer and Sebastian-Friedrich Kowitz in 2016, talpasolutions has now raised a total of €21.0M in total equity funding and is backed by F-LOG Ventures, Gruenderfonds Ruhr, Hannover Digital Investments, High-Tech Grunderfonds, MIG Capital, NRW.BANK, Prospect Mining Studio, RAG-Stiftung, and Robert Bosch Venture Capital.
Paytrix – $18.3M
London-based Paytrix provides payment and banking infrastructure for software companies. Founded by Aran Brown, Ed Addario, and Eddie Harrison in 2022, Paytrix has now raised a total of $24.0M in total equity funding and is backed by Bain Capital Ventures, Better Tomorrow Ventures, Clocktower Technology Ventures, D4 Ventures, Fin Capital, Hambro Perks Ltd., Motive Partners, The Fintech Fund, and Unusual Ventures.
OQmented – $20.0M
Itzehoe-based OQmented develops, integrates, and sells complete laser scanning solutions. Founded by Thomas Wantoch and Ulrich Hofmann in 2018, OQmented has now raised a total of $29.3M in total equity funding and is backed by Salvia GmbH, Sharp, and Vsquared Ventures.
Gen Phoenix – $18.0M
Peterborough-based Gen Phoenix recycles materials to produce advanced upholstery and cladding materials. Founded by Christopher Bevan in 2007, Gen Phoenix has now raised a total of $124.0M in total equity funding and is backed by Dr Martens, ETF Partners, Hermes GPE, InMotion Ventures, Material Impact Fund, and Tapestry.
