The European startup scene has been buzzing with activity in recent weeks, with funding rounds taking place across various industries. From fintech to healthcare, startups are securing investments to fuel their growth and innovation. Here is a comprehensive report on the latest funding rounds tracked from March 20-24.
Fintech
Fintech startups continue to attract significant investments, with several funding rounds taking place in the past week. London-based digital banking platform Monzo raised £113m in a Series F funding round led by Y Combinator Continuity, valuing the company at £2bn. The funding will be used to expand Monzo’s product offerings and accelerate its growth in the UK and beyond.
Another fintech startup that secured funding last week was Berlin-based solarisBank, which raised €60m in a Series C funding round led by HV Holtzbrinck Ventures. The digital banking platform plans to use the funds to expand its product portfolio and enter new markets.
Healthcare
Healthcare startups also saw significant investments in the past week. UK-based digital health platform Livi raised €70m in a Series C funding round led by Index Ventures, with participation from Creandum and Accel. The funds will be used to expand Livi’s telehealth services across Europe and develop new products.
Meanwhile, French biotech company GenSight Biologics raised €25m in a private placement to support the development of its gene therapy treatments for retinal diseases. The funding will also be used to advance clinical trials and expand the company’s pipeline.
Transportation
Transportation startups also made headlines last week, with German electric scooter company Tier raising €60m in a Series B funding round led by Mubadala Capital. The funds will be used to expand Tier’s operations across Europe and develop new products.
Another transportation startup that secured funding was UK-based Arrival, which raised $118m in a Series D funding round led by BlackRock. The electric vehicle manufacturer plans to use the funds to expand its production capabilities and develop new products.
Overall, the European startup scene continues to attract significant investments across various industries. With fintech, healthcare, and transportation startups leading the way, it will be interesting to see what other innovative ideas emerge in the coming weeks and months.
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