EU-Startups

Le Fourgon, a Marquette-lez-Lille startup innovating in glass deposits for reuse, announced an €8.2 million extension to its Series A funding to expand its ranges of returnable products and develop its B2B offering 🇫🇷 🥛 This financing was carried out in two stages: €5.7 million raised from its main investors – Id4 ventures, Teampact.ventures, La Poste Ventures, with the arrival of Bred, Noshaq and Future Positive Capital – followed by €2.5 million raised from 1590 individual investors via the sustainable investment platform LITA.co . “We are deeply grateful to our investors and the 1590 citizens who have joined us in this adventure. This contribution to our Series A not only strengthens our capacity for action; it testifies to a collective commitment to a fundamental change in our consumption patterns. At a time when France has set itself the target of reducing the use of plastic packaging by 50% by 2030, we want to accelerate the democratization of reuse and make deposits an essential reflex. Because changing our habits to protect the environment should be within everyone’s reach, ” says Charles Christory, CEO and Co-founder of Le Fourgon. https://lnkd.in/dD7Rdse8

Output Sports, a Dublin-based HealthTech company focused on making “elite-level sports science” simple and scalable, today announced that it has closed a €4.5 million pre-A funding round 🇮🇪 🥊 The investment round brings in new support from Apex Capital, Uni.Fund, and Dopamine Sports Ventures. The financing also included existing investors Elkstone, Atlantic Bridge and Enterprise Ireland. The financing also features a number of angel investors, including Jim Kelliher (Drift, LogMeIn). “Output Sports is committed to developing data-driven insights that support coaches and athletes,” said Dr Martin O Reilly, Co-founder and CEO of Output Sports. “Our team has worked hard to build a platform that meets the needs of some of the world’s leading sports teams such as New Zealand’s All Blacks, England’s national soccer team and the Colorado Buffaloes and delivers meaningful value through data. This investment will help us support our growth in the US, deepen our technology capabilities, and grow our team to support our increasing customer base.” https://lnkd.in/dfCzGGKC

Breakevent, a Madrid-based platform for the music industry that predicts the success of live music events, has closed a €876k funding round in order to develop an AI agent for the live music event industry 🇪🇸 🎵 The funding round has been led by Archipélago Next, with additional investment from Startup Wise Guys, WA4STEAM along with renowned business angels such as Miguel Echenique, partner of AltamarCAM Partners. The entity has also received public financial backing from Neotec, Comunidad de Madrid, Ministerio de Cultura, and Enisa con el emprendimiento innovador. “The backing of strategic investors together with the public support received is a key step for Breakevent. This funding will allow us to accelerate the development of our platform, especially in the area of artificial intelligence, and expand our database, which will position us as the ultimate AI decision-making tool for the music industry,” said Lucía Martínez Prado, Founder and CEO of Breakevent. https://lnkd.in/dd4MufVh

Brussels-based startup Pleevi has raised €1 million to expand its AI-driven smart EV charging technology across Europe in its ambition to manage 25k charging points by 2027 🇧🇪 🚘 The funding round saw contributions from Angelwise, Seeder Fund, Noshaq Energy, QBIC III Fund, and Angel investor Loïc Bar. “The unique aspect of Pleevi is that our entire charging process is not only based on real-time information but also incorporates what the next hours will bring,” explains Wout Lagae, Co-founder and CEO of Pleevi. “By forecasting energy flows 24 hours ahead, Pleevi’s AI-driven optimisation ensures efficient energy usage without overloading the grid. For instance, on a sunny morning, we can account for abundant solar energy expected later in the day, as well as wind energy forecasts. Our algorithm also factors in the energy needs of the main building on a given day. This helps determine how much energy will be available for charging infrastructure. On a Friday, when many employees work from home, the capacity will differ significantly from a busy Tuesday when high energy demand is required both in the parking area and the building. This allows us to offer not only cheaper but also greener charging sessions.” https://lnkd.in/dmswmUkN

Today, Zurich-based Oxyle announced a €15.3 million funding round to scale its ClimateTech solution to “destroy, not just relocate” Perfluoroalkyl and Polyfluoroalkyl Substances (PFAS) pollutants from wastewater 🇨🇭 💧 The seed round was led by 360 Capital, with participation from Axeleo Capital (AXC) and returning investors Founderful and SOSV. This builds on its €2.8 million pre-Seed round in 2022, raising its total funding to €25 million, including additional non-dilutive funding from grants and awards. “Five years ago, Oxyle was two of us founders and one big idea: get rid of forever chemicals from our water. Today, that idea is proven, implemented, and ready to scale. This funding is a game-changer. It gives us what we need to take our technology to the industries and communities that need it most. To our investors, old and new, thank you for joining us on this mission to make clean water a reality for all,” said Dr Fajer Mushtaq, CEO & Co-founder, Oxyle. https://lnkd.in/djKKrpK2

FinTech Swan, a Paris-based embedded finance provider, adds €42 million to its Series B funding round to fuel its European expansion and product innovation 🇫🇷 🚀 The investment, led by Eight Roads Ventures, includes participation from existing investors Lakestar, Accel, Creandum, Hexa, and Bpifrance. “In the future, I believe business management software will become a key distributor of banking services. Whether it’s for HR or Accounting, these tools will offer banking features seamlessly integrated into the user’s workflow. This means you’ll have access to banking services right when you need them, directly in the tool you’re using. We call this embedded banking. At Swan, we’re working hard to provide both the technology and compliance framework to make this a reality for SMEs across Europe,” said Nicolas Benady, founder & CEO of Swan. https://lnkd.in/d_UT6Bjy

Zelt, a London-based all-in-one Human Capital Management (HCM) software, has announced a successful €5.7 million funding round to expand to new locations and add improved features to support customers 🇬🇧 ✨ The round was led by Nauta, with participation from Venrex and Episode 1 Ventures. “2024 was an excellent year for Zelt as we launched our new Growth module, onboarded our first 1,000+ headcount organisation and closed a new round of funding that will enable us to invest even more into building the best product available in the market. We see a $50bn opportunity globally as organisations move away from legacy and point solutions, to a next-generation all-in-one platform. Alongside the capital, it’s great to have such an experienced and well aligned investor like Nauta on board as a partner at this stage in our journey,” said Chris Priebe, Founder and CEO at Zelt. https://lnkd.in/d9F-Jcmw

From bootstrapped to $100M ARR and a whole lot of pets – The Tractive Story 🐶 What does it take to build a global PetTech leader? In this episode of the EU-Startups Podcast, Marcin Lewandowski chats with Michael Hurnaus, CEO of Tractive, to break down: 🐕 How bootstrapping, hiring for culture fit & raising the bar gave Tractive a competitive edge 📈 The secret to cracking the U.S. from Europe 💡 What's the future of PetTech From GPS tracking to pet health insights, Tractive isn’t just helping pet owners, it's shaping the future of how we care for our furry best friends. Links to the full episode in the comments.

🚀 Final call for startups! Applications for the EU-Startups Summit 2025 Pitch Competition close February 2! Don’t miss your chance to pitch on the main stage in Malta and compete for a €755,000 prize package 🏆 Only 15 startups will make it to the finals, pitching in front of top investors, media, and around 2,500 attendees. If you’re ready to take your startup to the next level, apply now before it’s too late! 🔥 https://lnkd.in/d5t3GPA6

Exclusive to EU-Startups: Budapest-based Kodesage, a startup specialising in AI-powered legacy software modernisation, has announced that it raised €2.3 million in pre-Seed to accelerate platform development 🇭🇺 🚀 The funding round was led by PortfoLion Capital Partners, the VC and private equity arm of OTP Group, with participation from prominent angel investors, including three former UiPath executives. “Legacy systems are outdated and painful to manage, yet they’re still mission-criticalfor enterprises. Replacing them outright is often impossible due to high costs and risks. That’s where Kodesage comes in: our technology empowers businesses to enhance and evolve these systems without the massive upheaval of full replacements,” said Gergely Dombi, Co-founder and CEO of Kodesage. https://lnkd.in/dACx2fdd