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A Comprehensive Overview of European Startup Funding Rounds: Weekly Round-up (August 14-18) by EU-Startups

Republished By Plato
Republished By Plato

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A Comprehensive Overview of European Startup Funding Rounds: Weekly Round-up (August 14-18) by EU-Startups

In the fast-paced world of startups, securing funding is often a crucial step towards success. European startups have been making waves in various industries, and keeping track of their funding rounds can provide valuable insights into the current trends and opportunities in the market. EU-Startups, a leading platform for European startups, provides a comprehensive overview of the funding rounds that took place during the week of August 14-18. Let’s dive into the highlights.

1. Revolut – London-based fintech startup Revolut raised an impressive $800 million in a Series E funding round, bringing its valuation to $33 billion. The round was led by SoftBank Vision Fund 2 and Tiger Global Management, highlighting the growing interest in digital banking solutions. Revolut plans to use the funds to expand its product offerings and accelerate its global expansion.

2. Bolt – Estonian ride-hailing and food delivery platform Bolt secured $713 million in a Series E funding round. The round was led by Sequoia Capital, with participation from Tekne Capital Management and Ghisallo. Bolt plans to use the funds to further develop its technology and expand its services across Europe and Africa.

3. Hopin – Virtual events platform Hopin raised $400 million in a Series C funding round, led by Andreessen Horowitz and General Catalyst. The London-based startup has experienced significant growth during the pandemic, as businesses shifted to online events. Hopin plans to use the funds to enhance its platform and expand its team.

4. Personio – Munich-based HR software provider Personio raised $125 million in a Series D funding round. The round was led by Index Ventures, with participation from Meritech, Accel, and others. Personio aims to use the funds to further develop its product offerings and expand its presence in Europe.

5. Bitpanda – Austrian cryptocurrency platform Bitpanda secured $263 million in a Series C funding round. The round was led by Valar Ventures, with participation from DST Global and others. Bitpanda plans to use the funds to expand its services and accelerate its international growth.

6. Vinted – Lithuanian online marketplace for second-hand fashion Vinted raised $303 million in a Series F funding round. The round was led by Lightspeed Venture Partners, with participation from Sprints Capital and others. Vinted plans to use the funds to further develop its platform and expand into new markets.

These funding rounds highlight the diverse range of industries and countries represented in the European startup ecosystem. Fintech, transportation, HR software, virtual events, cryptocurrency, and fashion are just a few examples of the sectors that attracted significant investments during this week.

The large amounts raised by these startups also indicate the growing interest from investors in European startups. The presence of well-known venture capital firms such as SoftBank, Sequoia Capital, and Andreessen Horowitz further validates the potential of these startups and their respective industries.

Overall, the funding rounds that took place during the week of August 14-18 demonstrate the resilience and innovation of European startups. With substantial investments pouring into various sectors, it is clear that the European startup ecosystem is thriving and attracting attention from global investors. As these startups continue to grow and disrupt their respective industries, it will be exciting to see what the future holds for European entrepreneurship.

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