Seed Europe

London-based startup Puraffinity has secured €7.9M in new investment from BGF, bringing their Series A round to a total of €20M. This follows previous funding from Octopus Ventures, HG Ventures, Kindred Capital VC, and Verve Ventures. Puraffinity, founded in 2015 by Henrik Hagemann and Gabi Santosa, specializes in developing precision technologies to remove PFAS, harmful "forever chemicals," from water supplies. Their key product, Puratech, captures these contaminants in various water treatment applications. With this new funding, the company plans to scale production, expand commercial applications, and enhance their global reach, aiming to provide PFAS-safe water worldwide.

Amsterdam-based Churned, an AI-driven customer success management platform, recently secured €2.5 million in a funding round led by Newion and Volta Ventures, with support from Goldfish Global. The company aims to enhance its technology and expand internationally. Churned, founded by Francisco Blasques, Michiel Doornenbal and Maarten Doornenbal, offers AI-powered predictive models to help subscription businesses reduce churn and identify upsell opportunities, thus increasing customer retention and revenue. Their platform automates customer outreach by recommending optimal actions at scale. With the new funds, Churned plans to further develop its AI capabilities and broaden its global reach in the subscription economy.

Vind AI, an Oslo-based startup, has successfully raised $3 million in a seed round. The investment was led by Amsterdam-based VC firm, Speedinvest, with participation from several angel investors. This funding marks a significant milestone for the company as it aims to accelerate its growth in the wind energy sector. Vind AI, founded in 2022 by Helene Margrethe Bøhler, Jan-Tore Horn, and Hilde Kristin Njøten, specializes in developing machine learning and artificial intelligence tools for the wind energy industry. Their solutions help optimize the performance and maintenance of wind turbines by predicting potential failures and improving efficiency. The company’s technology is aimed at reducing costs and increasing the reliability of wind power generation, which is critical for scaling renewable energy solutions globally. With the newly raised capital, Vind AI plans to enhance its platform and expand its reach within the wind energy market. The company intends to focus on further developing its AI algorithms and building partnerships with key players in the renewable energy space. These steps are expected to position Vind AI as a leading provider of AI-driven solutions in the wind energy sector.

Sweden's Starhive has raised €2.7 million in a seed funding round led by Nordic venture capital firm node.vc, with key partners joining the board. The company plans to use the funds to expand internationally and scale operations, focusing on the enterprise service, asset, and project management sectors. Founded in 2022 by Tommy Nordahl and Mathias Edblom, Starhive allows non-developers to create business applications without technical expertise. Their platform aims to streamline processes, reduce costs, and replace disparate solutions with a unified platform. Starhive plans to expand into Northern and Central Europe, targeting new customers and building partnerships in the Netherlands.

London-based tem., an AI-powered energy transactions platform, has raised €12.4 million in a Series A funding round led by Atomico, with participation from AlbionVC, Revent, and angel investors. This brings their total funding to £13M. Founded in 2021 by Joe McDonald, Jason Stocks, Bartłomiej Szostek and Ross Mackay, tem. offers a platform that allows UK businesses to purchase renewable energy at lower costs, making energy transactions more affordable, traceable, and efficient. Their AI-driven system connects businesses directly to renewable energy generators. With this new funding, tem. plans to accelerate its growth and capitalize on the increasing demand for renewable energy sources in the UK.

Leuven-based Forcebit has secured €275k in funding from BAN Flanders - Business Angels Network Flanders, BeAngels , and imec.istart future fund, supplemented by a VLAIO O&O grant. This investment will help the company expand its smart sensor technology and drive growth. Forcebit, founded by Jan Croes and Emin Oguz Inci, specializes in advanced measurement solutions, particularly in force and vibration monitoring for automotive and machine industries. Their patented technology aims to make machinery more energy-efficient and sustainable. The company plans to enhance its product, hire new talent in sales and business development, and prepare for scaling up internationally based on customer feedback.

Belgium-based Ventory recently secured €1.75 million in a seed funding round led by Finindus and Matterwave Ventures, with additional support from the consulting firm delaware. Ventory, founded by Vishal Punamiya, specializes in developing a SaaS platform for field and remote inventory management, offering real-time visibility and control over inventory, including moving assets like van stock. The new funding will enable Ventory to accelerate product development, expand its team, and increase market presence, aiming to enhance operational efficiency for its global clients.

Italian startup Involve has successfully secured €2.5 million in seed funding, led by Earlybird Venture Capital, with additional support from CDP Venture Capital SGR and TLI Space. This funding follows Involve's achievement of 30 successful commercial launches using its stratospheric balloon technology. Involve, founded by Jonathan Polotto e Claudio Piazzai, specializes in developing high-altitude balloons for real-time Earth monitoring, telecommunications, and infrastructure. With the new funding, the company plans to enhance its technology, expand its team, and strengthen international partnerships, particularly focusing on the U.S. market as it continues to grow its global presence.

Skillvue (formerly Algo AI), a Milan-based HR tech startup, has successfully raised €2.5 million in a pre-seed funding round. The round was co-led by Italian Founders Fund and 14Peaks Capital, with additional participation from several other investors including Orbita Verticale, Kfund and Ithaca 3. Founded in 2021 by Nicolo Mazzocchi and Simone Patera, Skillvue offers an AI-powered platform designed to assess and analyze the skills of job candidates and employees. Their technology is aimed at enhancing recruitment processes, internal hiring, and talent development by providing objective and scalable skill assessments. With the new funding, Skillvue plans to expand its team, strengthen its AI capabilities, and broaden its market presence in Italy and internationally. The company also aims to consolidate its technological infrastructure to better serve clients across various sectors, including retail and banking.

Treble Technologies, an Icelandic startup specializing in sound simulation technology, has successfully raised €11 million in a Series A funding round. The round was led by KOMPAS VC, with participation from several investors including Frumtak Ventures, the European Investment Bank (EIB), and strategic partners like St. Gobain & L-Acoustics. Founded in 2020 by Finnur Pind, Jesper Pedersen, Gunnar Pétur Hauksson and Ingimar Andersen, Treble Technologies has developed the world’s first cloud-based sound simulation platform, enabling highly accurate sound simulations for buildings, cars, and immersive applications. Their technology is over 100 times faster than existing solutions, making it a game-changer in sound design. With the newly secured funds, Treble Technologies plans to expand its team, enhance research and development, acquire new enterprise clients, and explore new markets. This investment marks a significant milestone in their mission to improve the world’s acoustic environment, benefiting industries across the globe. Congratulations to the team: Helga Guðrún Óskarsdóttir, Kristján Einarsson, Jón Brynjar Stefánsson, Alessia Milo, Matthias Cosnefroy, Steinar Guðjónsson, Úlfur Einarsson, Sébastien Nouat, Jóhannes Fannar Einarsson, Díana Rúnarsdóttir, Sölvi Þrastarson, Haukur Hafsteinsson, PhD and the rest of the team.