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 17/6/23 featuring funding details for Sunly, Graphext, and seven other European deals representing £199M in new funding that you absolutely need to know about.
Gensyn – £33.8M
London-based Gensyn is a machine learning compute protocol for the world’s deep learning models. Founded by Ben Fielding and Harry Grieve in 2020, Gensyn has now raised a total of $50.0M in total equity funding and is backed by a16z crypto, Canonical Crypto, CoinFund, Eden Block, Id4 ventures, M31 Capital, Maven 11 Capital, Peer Venture Partners, Protocol Labs, and Zee Prime Capital.
Graphext – $4.6M
Madrid-based Graphext is a company that creates a dimensional reduction and clustering platforms. Founded by Miguel Canton and Victoriano Izquierdo in 2017, Graphext has now raised a total of $6.2M in total equity funding and is backed by Hoxton Ventures, Plug and Play, SaxeCap, Tiny VC, and Trajectory Ventures.
OneUp Sales – £2.3M
Birmingham-based OneUp Sales is a sales team management & motivation platform built to transform the way we run sales teams forever. Founded by Derry Holt and James Heath in 2014, OneUp Sales has now raised a total of £3.0M in total equity funding and is backed by MEIF Proof-of-Concept & Early Stage Fund.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
Sunly – €30.0M
Tallinn-based Sunly is a renewable energy company, is active in the Baltics and surrounding markets. Founded by Priit Lepasepp in 2019, Sunly has now raised a total of €230.0M in total equity funding and is backed by European Bank for Reconstruction and Development.
Synthesia – $90.0M
London-based Synthesia offers an AI-powered video synthesis platform that enables businesses to generate personalized videos from plain text. Founded by Lourdes Agapito, Matthias Niessner, Steffen Tjerrild, and Victor Riperbelli in 2017, Synthesia has now raised a total of $156.6M in total equity funding and is backed by Accel, Alex Wang, Amjad Masad, FirstMark, Google Ventures, Kleiner Perkins, nVentures, and Olivier Pomel.
Thinksurance – €22.0M
Frankfurt-based Thinksurance is a leading technology consultation platform for business insurance used by brokers, agents, banks and further sales channels. Founded by Christopher Leifeld, Florian Brokamp, and Timm Weitzel in 2015, Thinksurance has now raised a total of €39.0M in total equity funding and is backed by Columbia Lake Partners, Eight Roads Ventures, MTech Capital, Segenia Capital, and Viewpoint Ventures.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
MAJORITY – $9.8M
Stockholm-based MAJORITY develops an app-based platform that facilitates digital banking services for migrants. Founded by Johan Dahlqvist, Johan Granlund, and Magnus Larsson in 2019, MAJORITY has now raised a total of $85.8M in total equity funding and is backed by Heartcore Capital and Valar Ventures.
Salonkee – €28.0M
Luxembourg-based Salonkee is a salon software that provides an online appointment calendar and bookings services. Founded by Alexandre Claro, Andre Stehle, Gilberto Fernandes C., Samuel Faber, and Tom Michels in 2016, Salonkee has now raised a total of €35.2M in total equity funding and is backed by Expon Capital, Fortino Capital, Luxembourg Business Angel Network (LBAN), Newion, and PeakSpan Capital.
Djust – €12.0M
Paris-based DJUST is a digital B2B e-commerce platform. Founded by Alexis Delplanque, Arnaud Rihiant, and Eric Gaudin in 2020, Djust has now raised a total of €16.0M in total equity funding and is backed by Elaia and New Enterprise Associates.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
