European Deal Volume Increases 📊 Moderate Round Sizes Prevail
As of this morning, it was announced that former Andreesen Horowitz partner, Benedict Evans has joined Entrepreneur First in London as a Venture Partner. TechCrunch has more here.
Below are the Top 3 funding rounds of the last week:
- 🇬🇧Primer raised just shy of $4m led by Balderton Capital. Primer is a payment consolidation API for checkouts.
- 🇸🇪Leetify harnesses AI to generate playstyle analysis of gamers, providing them with actionable recommendations for improving their play.
- 🇫🇮School Day provides students and teachers with a channel to manage their wellbeing. $1.2m seed led by Lifeline Ventures.
Where the action was:
Figures this week:
Funding rounds covered:
15
Countries covered:
9
Largest round:
$5,000,000
Estimated funds raised:
~$33,000,000 (not all covered below)
Categories & countries:
Most rounds:
🇬🇧 United Kingdom
Largest Round:
🇮🇱Alike $5,000,000
Want to announce a funding round through Seed Weely? Connect with me on LinkedIn (leave a note).
Edition 30 will be published next Tuesday.
🇬🇧 United Kingdom — $8.4m
Primer
Raised: $3.9m (Seed)
Category: FinTech, Mobile Payments, Payments, Software
Description: Primer consolidates your payments stack with a unified API, and supercharges your checkout with data-driven insights. Techcrunch has more here.
Investors: Seedcamp, Balderton Capital, Speedinvest and Taavet Hinrikus (CEO of TransferWise)
Location: London, United Kingdom.
DevicePilot
Raised: $2.1m (Seed)
Category: Analytics, Big Data, Business Intelligence, Cloud Computing, Internet of Things, Location Based Services, SaaS
Description: DevicePilot is the SaaS tool which provides device analytics to analyse performance, track KPI’s and trigger actions for IoT devices.
Investors: Beacon Capital, Gareth Williams (Skyscanner founder), Matt Clifford ( of Entrepreneur First) and other Angels.
Location: London, United Kingdom.
Raised: $1.4m (Seed)
Category: Analytics, Big Data, Business Intelligence, Cloud Computing, Internet of Things, Location Based Services, SaaS
Description: Maze Theory is a UK based virtual reality developer with a focus on redefining immersive entertainment.
Investors: UK Creative Content Fund
Location: London, United Kingdom.
Raised: $900k (Seed)
Category: Artificial Intelligence, Information Technology, Machine Learning, Software, Video Streaming
Description: iSIZE delivers deep neural networks for data-driven video preprocessing in order to provide significant bitrate savings over any standard encoder, or significant quality improvement at the same bitrate.
Investors: TD Veen and angels.
Location: London, United Kingdom.
🇮🇱Israel — $5m
Alike (Stealth)
Raised: $5m (Seed)
Category: Health Care, AI
Description: Alike, which remains in stealth, allows patients to manage their own health based on insights from the system. It was founded by CEO Amnon Bar-Lev, the former Check Point Software Technologies Ltd. (Nasdaq: CHKP) president and medical director Prof. Varda Shalev, the founder of Maccabi Health Services’ Institute of Health Research and Innovation. Read more here.
Investors: Pitango
Location: Tel Aviv, Israel.
🇸🇪Sweden — $4.97m
Omocom
Raised: $4m (Seed)
Category: Insurance, InsurTech, Security, Sharing Economy
Description: Omocom offers on-demand micro-insurance for the circular economy. It is purpose-built for renting, sharing and re-using, digitally, automated and integrated into the sales flow of the platform.
Investors: Inventure and MustardSeed MAZE
Location: Stockholm, Sweden.
Raised: $975k (Seed)
Category: Gaming, AI
Description: Leetify helps gamers identify their weaknesses, work on those weaknesses and track their progression. AI-powered analysis of playstyle to make players improve faster.
Investors: Inventure, Futuristic.VC and J12 Ventures.
Location: Stockholm, Sweden.
🇩🇪Germany — $3.65m
Construyo
Raised: $2.15m (Seed)
Category: Information Technology, Project Management
Description: Construyo is a holistic service provider in the area of construction planning. Through the company’s management platform, every stage of a project from quotes to contracts, designs, plans and engineering certificates can be accessed in one single, secure place, by everyone involved.
Investors: Tallis Capital
Location: Berlin, Germany.
Raised: $1.5m (Seed)
Category: Android, Information Technology, Software
Description: Emteria are building, extending, customizing and maintaining an embedded Android platform for reliable industrial applications and products.
Investors: High-Tech Grunderfonds and Runa Capital.
Location: Aachen, Germany.
🇫🇷 France — $3.06m
jho.
Raised: $2.16m (Seed)
Category: Retail, Personal Health
Description: jho. is a brand of tampons and sanitary towels. All female sanitary products are all made with organic cotton.
Investors: Founders Future, Imagination Machine and Siparex Groupe.
Location: Nantes, France.
Raised: $972k (Seed)
Category: Biotechnology, Health Care
Description: Stimunity is an early-stage research and development company focused on the development of STING agonists in cancer.
Investors: Portage Biotech
Location: Paris, France.
🇨🇴Colombia — $2.7m
Minka
Raised: $3m (Seed)
Category: Financial Services, FinTech, Company Builder
Description: Minka is focused on developing Fintech-related infrastructure in Latin America.
Investors: Collaborative Fund, Fintech Collective and Colle Capital Partners.
Location: Bogota, Colombia.
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🇵🇠Philippines — $2.75m
GoodWork
Raised: $1.6m (Seed)
Category: E-Commerce, Internet, Software
Description: GoodWork is an e-commerce platform for home services based in Manila. They are the largest home services platform in the Philippines offering home cleaning, laundry delivery, repairs, and wellness services.
Investors: Chaac Ventures, Elysium Venture Capital and K50.
Location: Manila, Philippines.
🇸🇬 Singapore — $2.6m
Entropica Labs
Raised: $1.7m (Seed)
Category: Quantum Computing, Software
Description: Entropica Labs build quantum computing software and algorithms for computational genomics and the life sciences.
Investors: Wavemaker Partners, Entrepreneur First and others.
Location: Singapore.
Raised: $950k (Seed)
Category: Enterprise Software, Food and Beverage, Internet, SaaS
Description: FoodRazor is a software platform that helps food and beverage businesses to streamline their back-end operations.
Investors: Cocoon Capital and Found.Ventures.
Location: Singapore.
🇫🇮Finland — $1.2m
School Day
Raised: $1.2m (Seed)
Category: Analytics, Artificial Intelligence, Education, Software
Description: School Day provides a safe, simple and real-time channel and voice for students and teachers in their wellbeing. Analytics and insights making wellbeing phenomena visible early on for actionable light touch classroom interventions
Investors: Lifeline Ventures and others.
Location: Helsinki, Finland.
