bunq raises €193 million, largest Series A investment round for a European FinTech
Challenger bank bunq, which puts technology at its core, offers an alternative to traditional banking by not investing its customers’ money or allowing them to get into debt. After several years of self-funding, the FinTech has raised €193 million in a Series A investment round led by Pollen Street Capital and also participated in by bunq founder Ali Niknam. With this latest investment round, the company is now valued at €1.6 billion. Mergers and acquisitions are the next step in their business growth strategy.
CarNext gains independence from LeasePlan with €400 million in growth equity
CarNext is an online used car marketplace, which was formerly part of Dutch lease car giant LeasePlan. Since raising €400 million in growth equity, the Amsterdam-based company is independent of its parent firm – now owned by a consortium of investors. Providing a B2C marketplace across Europe and an integrated online platform that enables retail customers to buy high-quality used cars online, CarNext’s winning formula is now valued at a whopping €2.5 billion.
Castor receives US$45 million to improve clinical trials
As the focus on investing in healthcare becomes ever greater, Castor has taken on the challenge of making clinical trials faster and more patient-focused. To do so, the Dutch startup raised US$45 million (approx. €38 million) in Series B funding, led by Eight Roads Ventures and F-Prime Capital with participation from existing investors Two Sigma Ventures and Inkef Capital. Castor will use the money raised to speed up product development and scale up direct-to-patient trials globally.
TestGorilla attracts US$10 million in seed capital for HR tech
HR tech startup TestGorilla helps companies identify the right kind of talent for their business. TestGorilla’s recent seed capital of US$10 million (approx. €8.4 million) will help further test the company’s proprietary technology and improve the platform’s ability to predict a successful match between job and candidate. This funding round was led by London-based venture capital firm Notion Capital, global venture capital firm Partech, Next Play Ventures and a group of movers and shakers in the world of HR tech.
Kosa AI raises pre-seed capital for more inclusive AI algorithms
Responsible artificial intelligence company Kosa AI helps businesses understand and mitigate AI risks and build more inclusive technologies. Launching in 2020, the company raised an undisclosed amount in pre-seed funding from investors EchoVC, Arch Capital Partners, Dale Mathias, The Continent Venture Partners and Fineday Ventures in July 2021.
Wundermart raises €10.5 million and sets its sights on Europe
In the latest investment round, Wundermart earned a €10.5 million investment from Kees Koolen and Slingshot Ventures. Founded in 2014, the company, which specialises in autonomous shopping solutions and unmanned mini supermarkets, is ready for an accelerated expansion into Europe. Koolen has already played a part in the growth of Booking.com and Uber, while Slingshot Ventures has been supporting Wundermart since 2020. All parties are convinced now is the time to scale up and rollout the Wundermart concept internationally.
Shared mobility specialist Cargoroo raises €4 million
Cargoroo’s Urban Arrow electric cargo bikes have been transforming the way we transport people and materials around cities in the Netherlands, Belgium and Germany since launching in 2017. After all, the general public can hire these powerful transport bikes for only a few euros per hour instead of a purchase cost of some €5,000. Now, having raised €4 million via share capital, loans and asset financing, the Amsterdam-based shared mobility specialist will be bringing even more of its electric cargo bikes to the streets. In just a few weeks its fleet will increase in size from 150 to 380 bikes.
The ‘slow media’ platform Mohi attracts investment of €225,000
A group of angel investors have invested €225,000 in Mohi, the Amsterdam-based ‘slow media’ platform. The investors included the founders of Hyves and eBuddy, who’ve been drawn to Mohi’s social curation app for sharing and saving articles, videos, podcasts and other media. Featuring tips from VIP curators as well as users' friends and acquaintances, the company is aiming to achieve 100,000 active users in the Netherlands during the coming year and to expand into more countries.
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