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 15/4/23 featuring funding details for Varjo, Cognassist, and nine other European deals representing £301M in new funding that you absolutely need to know about.
Cerbos – £6.0M
London-based Cerbos offers an open-source authorization layer for products making user permissions and authorization simple to implement and manage. Founded by Charith Ellawala and Emre Baran in 2021, Cerbos has now raised a total of £8.6M in total equity funding and is backed by Lewis Tuff, OMERS Ventures, Ryan King, Zach Holman, Zach Lloyd, and Zeynep Inanoglu Ozdemir.
Cognassist – £4.0M
Hebburn-based Cognassist is the UK’s #1 edtech SaaS platform, focused on helping every learner reach their full potential. Founded by Chris Quickfall in 2017, Cognassist has now raised a total of £4.0M in total equity funding and is backed by Gresham House Ventures.
Infogrid – £72.4M
London-based Infogrid is an AI technology company that automates building management. Founded by William Cowell de Gruchy in 2018, Infogrid has now raised a total of $105.6M in total equity funding and is backed by Committed Capital, JLL Spark, Northzone, Original Capital, Pictet Private Equity Investors S.A., SoftBank Vision Fund, and The Venture Collective.
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SolarMente – $50.0M
Barcelona-based SolarMente installs and finances solar rooftops in Spain Founded by Victor Gardrinier and Wouter Draijer in 2020, SolarMente has now raised a total of $52.1M in total equity funding and is backed by GNE Finance.
Varjo – €3.0M
Helsinki-based Varjo makes advanced VR/XR hardware and software for industrial use, paving the way for a true-to-life metaverse. Founded by Klaus Melakari, Niko Eiden, Roope Rainisto, and Urho Konttori in 2016, Varjo has now raised a total of $136.5M in total equity funding and is backed by Nordic Secondary Fund.
VoxSmart – $12.0M
London-based VoxSmart is a global communications surveillance software provider. Founded by John Enoch in 2006, VoxSmart has now raised a total of $50.7M in total equity funding and is backed by Toscafund Asset Management.
Xapien – £4.5M
London-based Xapien is an easy-to-use web platform that generates detailed background reports about someone or any company in minutes. Founded by Daniel Secretan and Shaun O’Mahony in 2018, Xapien has now raised a total of £4.5M in total equity funding and is backed by D2 Fund and YFM Equity Partners.
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Next Gate Tech – €8.0M
Luxembourg-based Next Gate Tech is Shaping the Future of the Fund Industry Technology Founded by Davide Martucci and Semin Ibisevic in 2019, Next Gate Tech has now raised a total of €16.9M in total equity funding and is backed by DB1 Ventures, Expon Capital, NewAlpha Asset Management, Seed X Liechtenstein, and Volta Ventures.
Bx Technologies – £1.5M
London-based Bx Technologies is a software platform connecting growers and consumers with the goal of reversing climate through food production Founded by Antony Yousefian and Ben Bardsley in 2020, Bx Technologies has now raised a total of £5.5M in total equity funding and is backed by Counteract.
Abatable – $13.5M
London-based Abatable is the robo-advisor for high quality carbon offsetting. Founded by Maria Eugenia Filmanovic and Valerio Magliulo in 2021, Abatable has now raised a total of $16.6M in total equity funding and is backed by Azora.
Alentis Therapeutics – $105.0M
Basel-based ALENTIS Therapeutics is a Swiss-French biotech company developing novel therapeutics in advanced liver disease and cancer. Founded by Neil Goldsmith and Thomas Baumert in 2019, Alentis Therapeutics has now raised a total of $184.0M in total equity funding and is backed by Bpifrance, Jeito Capital, Novo Holdings, Pureos Bioventures, RA Capital Management, and Schroders Capital.
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