Seed Weekly edition #25 — plenty of German funding over the last fortnight.
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More funding rounds than expected when the Seed Weekly reminder appeared this week.
Below are the highlights of the last 2 weeks funding rounds:
- 🇨🇳 QCraft saw the most funds raised for its autonomous vehicle startup. It will compete with Waymo and other such technologies, but focus on more dense urban environments.
- 🇩🇪Planetly raised from Speedinvest and Cavalry Ventures for their carbon footprint tracking software.
- 🇩🇪 StarBerry Games raised $1.2m off the back of the success of Idle Coffee Corp, their highly addictive mobile barista game.
- 🇮🇳 Camp K12 is an Indian startup hoping to help teach children to learn coding through interactive online coding lessons. Matrix Partners India participated in the round.
Figures this week:
Funding rounds covered:
17
Countries covered:
8
Largest round:
$24,000,000
Estimated funds raised:
~€63,500,000 (not all covered below)
Categories & countries:
Most rounds:
🇩🇪 Germany,
Largest Round:
🇨🇳 QCraft $24,000,000
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Edition 25 will be published in late-April
🇨🇳 China — $24m
QCraft
Raised: ~$24m (Seed)
Category: Automobile, Self-Driving, Autonomous Vehicles
Description: Qcraft operates as a self-driving startup company. It will use the capital to further develop its large-scale intelligent simulation platform, which generates driving scenario data that helps engineers optimize autonomous systems’ motion planning and decision-making capabilities. VB has more here.
Investors: IDG Capital, Vision Plus Capital and others.
Location: Beijing, China.
🇩🇪 Germany — $16.9m
Planetly
Raised: $5.6m (Seed)
Category: Environment, Software, EcoTech
Description: Planetly is building the software to analyze, reduce and offset your carbon footprint. EUStartups has more here.
Investors: Speedinvest, Cavalry Ventures and angels.
Location: Berlin, Germany.
ocoworks
Raised: $5.4m (Seed)
Category: Architecture, PropTech, Energy
Description: Using industrial prefabrication, modular construction and highly efficient energy systems, ecoworks aims to provide apartment buildings with more energy-efficient infrastructure (up to four floors) within a few weeks.
Investors: PropTech1 Ventures, Soundcloud Founders and other angels.
Location: Berlin, Germany.
Luminovo.ai
Raised: $2.5m (Pre-Seed)
Category: Artificial Intelligence, Electronics, Machine Learning, Natural Language Processing
Description: Luminovo wants to bring innovations faster to everyone by reducing the time and resources needed to go from an idea to a market-ready electronic circuit board. With the help of intelligent software and deep learning, Luminovo simplifies and accelerates your electronics development and production processes.
Investors: Cherry Ventures and La Famiglia.
Location: Munich, Germany.
Raised: $2.2m (Pre-Seed)
Category: Enterprise Software, Industrial Engineering, Intelligent Systems, Mechanical Engineering, Product Design
Description: Valispace is a browser-based software that enables engineers to collaboratively develop satellites, rockets, and other complex hardware.
Investors: Hardware Club and JOIN Capital
Location: Bremen, Germany.
Raised: $1.2m (Pre-Seed)
Category: Casual Games, Gaming, Video Games
Description: Game development studio. They created Idle Coffee Corp, which already has over 7 million downloads. Warning, it is highly addictive. Read more here.
Investors: byFounders and Play Ventures.
Location: Bremen, Germany.
🇮🇱 Israel — $7.2m
Cyolo
Raised: $4.2m (Seed)
Category: Network Security, SaaS
Description: Cyolo provides ID access control to connect with cyberspace in a single SaaS solution.
Investors: Global Founders Capital, Flint Capital and Differential Ventures.
Location: Tel Aviv, Israel.
Cyolo
Raised: $3m (Seed)
Category: Agriculture, AgTech, Information Technology
Description: AgroScout is developing an autonomous system that allows for quick and efficient detection and monitoring of specific diseases.
Investors: Israel Innovation Authority, Trendlines Group and others.
Location: Misgav, Israel.
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🇬🇧 United Kingdom — $6m
RotoVR
Raised: $1.8m (Seed)
Category: Accounting, Credit, Finance, SaaS, Software
Description: 360 Degree rotating VR chair.
Investors: The FSE Group, Pembroke VCT and Jenson.
Location: Hertford, United Kingdom.
Loadsure
Raised: $1.4m (Seed)
Category: Insurance, Finance, SaaS, Software
Description: Loadsure’s fully digital end-to-end insurance is a cloud-based solution to provide the spot freight community with a full-service InsurTech solution, integrated with leading digital transportation management platforms
Investors: Insuretech Gateway
Location: London, United Kingdom.
Vertical Future
Raised: $1.35m (Seed)
Category: Farming, Agriculture, Hydroponics
Description: Vertical Future is a technology company focused on building a better, more sustainable urban food production and supply system.
Investors: Earthworm Group
Location: London, United Kingdom.
Wildanet
Raised: $500k (Seed)
Category: Internet, Wireless
Description: Wildanet is a UK-based wireless internet service provider that looks to get underserved regions of the UK online.
Investors: United Cornwall & Isles of Scilly Investment Fund (Part of British Business Bank)
Location: Cornwall, United Kingdom.
🇮🇳India — $5.6
Camp K12
Raised: $4m (Seed)
Category: E-Learning, Coding, EduTech
Description: Camp K12 provides interactive online coding classes with live teachers.
Investors: SAIF Partners and Matrix Partners India.
Location: Gurgaon, India.
Kitchens Centre
Raised: $1.6m (Seed)
Category: Consumer
Description: Kitchens Centre offers turnkey solutions to cloud kitchens — right from providing commercial space and kitchen infrastructure to assisting with branding, order management, delivery, and maintenance services.
Investors: AngelList
Location: New Delhi, India.
🇮🇪 Ireland — $3.1m
Vela Games
Raised: $3.1m (Seed)
Category: Computer, Online Games, PC Games, Software, Video Games
Description: Vela Games is an ambitious and independent development studio creating engaging co-operative multiplayer games that put players first.
Investors: London Venture Partners
Location: Dublin, Ireland
🇸🇪 Sweden — $2.5m
ClimateView
Raised: $2.5m (Seed)
Category: ClimateTech, Govtech, Software, Analytics
Description: ClimateView is a global climate platform for pioneering cities and nations.
Investors: GGV Capital, Max Ventures and others.
Location: Stockholm, Sweden.
🇫🇮 Finland — $1.4m
Lightheart Entertainment
Raised: $1.4m (Seed)
Category: Gaming, Media and Entertainment
Description: Lightheart is a new mobile game development studio based in Helsinki, Finland.
Investors: Galaxy Interactive
Location: Helsinki, Finland.
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