Today in Europe’s daily deals — where we bring you a roundup of exciting tech funding rounds happening on the continent, as they happen — we’ve got a mix of materials discovery, an energy startup and an e-bike manufacturer.
We’ll be posting an article like this every weekday, covering the most eye-catching rounds we’ve seen, starting from €1m. If you have news to share, please email news@sifted.eu with a clear embargo.
Today’s top pick:
Paris-based Entalpic, which develops AI-driven materials discovery, has raised €8.5m in seed funding. The round was led by Paris-based VC Breega with the participation of San Francisco-based VCs Cathay Innovation and Felicis. The startup was founded earlier this year by Owkin alumni.
Like it has with drug discovery, it’s predicted that GenAI might be able tosimplify and decrease the time it takes for new materials to go from discovery to market.
Augsburg-based Reonic, which provides a SaaS solution to support installers and sellers integrating renewable technologies into households and businesses, has raised a €13m Series A led by Northzone, with participation from existing investors Point Nine and Puzzle Ventures.
This is Northzone’s second investment in SaaS climate tech solutions in the last month.
Brussels-based Cowboy, which is an e-bike manufacturer, has raised €5m in a funding round led by Asian VC Cypress Capital. Existing investors Index Ventures, Hardware Club, Future Positive Capital, Isomer, and Exor also participated in the round. With its new backer’s strong ties to Taiwan’s bicycle manufacturing hub, the startup hopes to strengthen its global supply chain and aims for profitability by 2025.
Micromobility startups have had a difficult couple of years with regulatory hurdles and investors wanting to see the companies turning to profitability. Other e-bike companies operating across Europe are Forest, Tier, Voi and Lime.
London-based Capsa AI, which is focused on transforming due diligence for private equity firms, has raised €2m in seed funding. The round was led by Outward VC with participation from Cornerstone VC, Antler, and angel investors including Chris Adelsbach, founder of Outrun Ventures.
Helsinki-based Root Signals, which helps businesses control and monitor GenAI applications, has raised €2.5m in funding. The round was led by London-based Angular Ventures, with participation from Business Finland.
Read the orginal article: https://sifted.eu/articles/europes-daily-deals-thurs-5th-sept-2024-news/
