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 24/6/23 featuring funding details for Arkyn, HYGH, and five other European deals representing £78M in new funding that you absolutely need to know about.
Corwave – €26.0M
Paris-based CorWave is a medical device company developing innovative heart pumps. Founded by Gerard Hascoet in 2011, Corwave has now raised a total of $109.5M in total equity funding and is backed by Bpifrance, EXOR N.V., and Vlerick Group.
Supercritical – $13.0M
London-based Supercritical helps businesses tackle the climate crisis and reach carbon net zero. Founded by Aaron Randall and Michelle You in 2021, Supercritical has now raised a total of $15.8M in total equity funding and is backed by Greencode Ventures, Lightspeed Venture Partners, MMC Ventures, and RTP Global.
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HYGH – €21.5M
Zug-based HYGH is an advertising agency. Founded by Antonius Link, Fritz Frey, and Vincent Muller in 2018, HYGH has now raised a total of €31.5M in total equity funding and is backed by Sparta Capital.
Tomorrows Education – €9.3M
Berlin-based Tomorrows Education is an ed-tech learning platform. Founded by Christian Rebernik and Jay Radia in 2020, Tomorrows Education has now raised a total of €13.8M in total equity funding and is backed by 4P Capital, Daniel Jung, Educapital, Emerge Education, Lin Gong Deutschmann, Mediahuis, Nikolaus D. Bayer, Ralf Reichert, Redstone, Sparkmind.vc, Thomas Maidorfer, Verena Pausder, and Zanichelli Venture.
Swave Photonics – €3.0M
Leuven-based Swave Photonics is a fabless semiconductor firm that designs and manufactures holographic chips based on diffractive photonics technology. Founded by Theodore (Theo) Marescaux in 2022, Swave Photonics has now raised a total of €10.0M in total equity funding and is backed by Acequia Capital (AceCap), Flanders Future Techfund, imec.xpand, Luminate, and Qbic Fund.
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Arkyn – €1.4M
Copenhagen-based Arkyn is a B2B SaaS company that provides a mobile app suite that integrates with SAP. Founded by John Stubbe, Martin Holm Nielsen, Mikael Gurenius, Nicolai Elmqvist, Rune Duurhus-Andersen, and Thomas Juel Andersen in 2020, Arkyn has now raised a total of €5.2M in total equity funding and is backed by Trifork.
TreasurySpring – £15.0M
London-based TreasurySpring is a b2b fintech that enables clients to minimise risk and maximise return on excess cash through a unique platform. Founded by James Skillen, Kevin Cook, and Matthew Longhurst in 2016, TreasurySpring has now raised a total of £25.6M in total equity funding and is backed by Anthemis Group, Balderton Capital, Black Lion Ventures, ETFS Capital, and MMC Ventures.
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