Seed Weekly — 12th November
This week saw a lot of high-profile investors participate, with US funds investing across Europe and the Far East. Two large deals kept Germany on par with the UK, which is in keeping with the wider macro-trends being exhibited across Europe. Deal volume continues to fall, but round sizes continue to rise.
Edition 6 will be published Tuesday 18th November.
Figures this week:
Funding rounds covered:
22
Countries covered:
10
Largest round:
$8,000,000
Estimated funds raised:
~$61,800,000 (Note: not all deals are outlined below)
Categories & countries:
Most active country:
🇬🇧GBR
Most common categories:
💳FinTech,
⛓️Blockchain,
🤖Artificial Intelligence.
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🇬🇧GBR ~$15,000,000
Arweave
Category: Blockchain, Data, Data Storage.
Description: Arweave protocol is a new mechanism design-based approach to achieving a permanent, sustainable, tamper-resistant ledger of knowledge and history.
Raised: $5,000,000 (Seed Round)
Investors: a16z, Union Square Ventures and Multicoin Capital.
Location: London, UK.
Chip Financial
Category: FinTech, Banking, Artificial Intelligence
Description: Chip is an automatic savings app that uses AI to analyse user spending and earning, to best recommend saving amounts.
Raised: $4,500,000 (Angel Round)
Investors: Unknown.
Location: London, UK.
Digital Debt Capital Markets
Category: FinTech
Description: They are developing a software solution to digitise the end-to-end life cycle of a bond that will revolutionise the experience of issuers, investment banks and downstream service providers in international bond markets.
Raised: $3,200,000 (Seed Round)
Investors: Unknown.
Location: London, UK.
Banjo Robinson
Category: Gaming, Childcare
Description: Banjo Robinson is a gaming platform for 3–4-year-old children.
Raised: $1,300,000 (Seed Round)
Investors: Collaborative Fund and Sesame Ventures.
Location: London, UK.
Industrial Phycology
Category: Biotechnology
Description: Industrial Phycology has designed and patented a system to harness the power of algae to remove nutrients.
Raised: $900,000 (Seed Round)
Investors:
Location: Bristol, UK.
🇩🇪DEU ~$15,000,000
hundred
Category: Health Care, Nutrition
Description: Hundred is a direct-to-consumer digital health company providing personalized high-quality vitamins plus Nutrition Expert Consultation.
Raised: $8,000,000 (Seed)
Investors: Insight Partners
Location: Berlin, Germany.
GeeNee
Category: Image Recognition, Mobile
Description: GEENEE is a mobile software company that helps portable devices see the world around them through a lightweight and robust image and video recognition.
Raised: $7,000,000 (Seed)
Investors: IDG Partners
Location: Berlin, Germany.
🇫🇮FIN ~$9,000,000
ultimate.ai
Category: Artificial Intelligence, Enterprise, CRM
Description: Multilingual Customer Service Automation
Raised: $6,500,000 (Seed)
Investors: HV Holtzbrinck Ventures and Maki.vc.
Location: Helsinki, Finland.
aito.ai
Category: Artificial Intelligence, SaaS
Description: Aito is a predictive database that uses existing relational datasets for predictions and recommendations.
Raised: $1,750,000 (Seed)
Investors: henQ and First Fellow Partners.
Location: Helsinki, Finland.
ELFys
Category: Health Care, Medical
Description: ElFys is a medical screening technology company utilising Ultraviolet sensitive photodiodes.
Raised: $775,000 (Seed)
Investors: Voima Ventures.
Location: Espoo, Finland.
🇮🇳IND ~$7,000,000
Lokal
Category: Video
Description: Lokal is a fledging hyperlocal video news platform.
Raised: $3,000,000 (Seed)
Investors: Y Combinator, Soma Capital, 3one4 Capital and others.
Location: Bengalaru, India.
Digifin
Category: Software, Financial Services
Description: Digifin is a digital banking startup that has a comprehensive digital account opening platform along with the back office solution.
Raised: $2,400,000 (Seed)
Investors: Sequoia Capital India, Rocket Internet, BEENEXT, 3one4 Capital and others.
Location: Chennai, India.
YourOwnROOM
Category: Retail, Online Portals
Description: Easiest way for millennials to find good quality strategically located homes close to work/college
Raised: $1,300,000 (Seed)
Investors: Lotus Capital Limited and others.
Location: Bangalore, India.
ENpower
Category: Accelerator
Description: ENpower is World’s first structured online entrepreneurship ‘fun-learning’ platform for early teens to hone their entrepreneurial skills.
Raised: $375,000 (Seed)
Investors: Nikhil Vora
Location: Mumbai, India.
🇫🇷FRA €6,500,000
Urania Therapeutics
Category: Biotechnology
Description: A biopharmaceutical company specializing in the identification and development of ‘readthrough’ compounds.
Raised: €3,500,000 (Seed)
Investors: Cap Innov’Est and Advent France Biotechnology.
Location: Strasbourg, France.
Libeo
Category: Artificial Intelligence, FinTech
Description: Libeo is on a mission to simplify processing and payment of account payables for SMEs.
Raised: €2,000,000 (Seed)
Investors: Breega Capital
Location: Paris, France.
PickYourSkills
Category: Machine Learning, Staffing
Description: PickYourSkills is a SaaS solution helping companies to find the best match between their projects and their employees.
Raised: €1,000,000 (Seed)
Investors: Kima Ventures and Kerala Ventures.
Location: Paris, France.
🇭🇺HUN €3,000,000
Turbine
Category: Artificial Intelligence, Biotechnology
Description: Turbine’s platform understands the inner mechanisms of cancer enabling the discovery of novel targets & precision medicinal therapies.
Raised: €3,000,000 (Seed)
Investors: Atlantic Labs, Esther Dyson, Delin Ventures and others.
Location: Budapest, Hungary.
🇮🇱ISR ~$2,200,000
SafeHouse
Category: Cyber Security
Description: SafeHouse provides military-grade cyber security for enterprise and government.
Raised: $2,200,000 (Seed)
Investors: Barclays Ventures
Location: Tel Aviv, Israel.
🇯🇵JAP $1,800,000
FLUX
Category: AdTech, SaaS, Digitial Marketing
Description: FLUX provide “FLUX Header Bidding Solution” that creates fair competition opportunities and significantly increases advertising revenue.
Raised: $1,800,000 (Seed)
Investors: DNX Ventures, Archetype Ventures and others.
Location: Tokyo, Japan.
🇸🇪SWE $1,800,000
Velove
Category: Logistics
Description: Last-mile delivery and urban mobility solution.
Raised: €1,000,000 (Seed)
Investors: Almi Invest.
Location: Stockholm, Sweden.
🇪🇬EGY $405,000
Tripdizer
Category: Tourism, Travel
Description: Tripdizer is a web app that enables Millennial travellers to plan and book curated trips by learning about their personality and desires.
Raised: $405,000 (Seed)
Investors: 500 Starups.
Location: Zamalek, Egypt.
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