European Startup Funding Rounds Tracked For The Week Of March 20-24: A Comprehensive Weekly Funding Round-Up

Republished By Plato

Followers: 0

The European startup scene is thriving, with new companies emerging every week and existing ones expanding their operations. To keep up with the latest developments, it’s important to stay informed about the funding rounds that take place each week. In this article, we’ll take a look at the funding rounds that were tracked for the week of March 20-24.

First up is Berlin-based fintech company Raisin, which raised €100 million in a Series D funding round led by PayPal. Raisin operates a platform that allows customers to compare and invest in savings accounts across Europe. The company plans to use the funding to expand its product offerings and enter new markets.

Next is London-based cybersecurity company Darktrace, which raised $75 million in a Series D funding round led by Insight Venture Partners. Darktrace uses artificial intelligence to detect and respond to cyber threats in real-time. The company plans to use the funding to expand its operations globally.

Another London-based startup, Babylon Health, raised $60 million in a Series B funding round led by Kinnevik. Babylon Health operates a platform that allows patients to consult with doctors via video chat. The company plans to use the funding to expand its operations in the UK and internationally.

In France, Paris-based startup Shift Technology raised $28 million in a Series B funding round led by Accel Partners. Shift Technology uses artificial intelligence to help insurance companies detect fraudulent claims. The company plans to use the funding to expand its operations globally.

Finally, Barcelona-based startup Typeform raised $35 million in a Series B funding round led by General Atlantic. Typeform operates a platform that allows users to create online surveys and forms. The company plans to use the funding to expand its product offerings and enter new markets.

These are just a few of the funding rounds that took place in Europe during the week of March 20-24. With so many promising startups emerging in the region, it’s clear that the European startup scene is one to watch. By staying informed about the latest funding rounds, investors and entrepreneurs can stay ahead of the curve and capitalize on the opportunities that arise.