Polestar secures €877M in Funding to fuel next Development Stage

Polestar, the Gothenburg-based premium electric vehicle manufacturer, has announced securing a substantial $950M (approximately €877M) through a three-year loan facility. This strategic financial boost was provided by a consortium of 12 leading international banks, including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC, and SPDB, marking a significant milestone in the company's journey towards further growth and development.

Sweden

Polestar secures €877M in Funding to fuel next Development Stage

Austria

Ecoligo raises €11M to lead Global Clean Energy Transition

Ecoligo, a Berlin-based company at the forefront of the clean energy transition, has announced an oversubscribed funding round of €11M. The round was led by existing investors and welcomed two new investors: The Energy Entrepreneurs Growth Fund, supporting companies in the energy access ecosystem in Sub-Saharan Africa, and Gaia Energy

Austria

CycloTech secures €20M for revolutionary Aviation Propulsion System

CycloTech, an Austrian aviation technology innovator, has announced a significant €20 million investment from Breeze Invest and Konos Holding. This funding marks a crucial step in the development of the first full-scale prototype of the CycloRotor propulsion system, with an overall financing target of €53 million set for 2024.

Germany

Yendou raises $1.3M to enhance Clinical Trial Efficiency with Automation Platform

Yendou, a Berlin-based startup specializing in clinical operations automation, has secured $1.3M (approximately €1.20M) in a pre-seed funding round. The investment was led by b2venture, with participation from Heartfelt, Infinite Fund, and pharmaceutical industry angels, including Lindus Health co-founder Meri Beckwith.

France

Photoroom secures $43M Series B to revolutionize AI Photo Editing for Businesses

Photoroom, a leading AI photo editor based in Paris, has announced a successful Series B funding round of $43M (approximately €39.73M), bringing its total raised funding to $64M (approximately €59.14M). The round was led by existing investor Balderton Capital, with new investor Aglaé, and participation from YCombinator.

Poland

Restimo secures €465K to digitize the Restaurant Industry

Restimo, a Warsaw-based startup revolutionizing the restaurant industry through automation, has successfully raised €465K in a seed funding round. The investment was contributed by business angels, including Bartosz Majewski, co-founder of Casbeg, and Bartłomiej Kiszala, co-founder of Base CRM, along with a consortium of investors from the Sterling Angels association

Sweden

EQT closes 10th Fund at €22B, marking one of its largest Fundraises

EQT, the Stockholm-based venture capital firm, has successfully concluded the fundraising for EQT X, securing €22B in commitments and surpassing its initial €20B target. This achievement sets a new record for one of the largest private equity funds ever raised, representing a nearly 40% increase from EQT IX's closing at

United Kingdom

Baseimmune secures €10.4M Series A to develop AI-Predicted Mutation-Proof Vaccines

Baseimmune, a London-based biotech leveraging deep learning AI to predict pathogen mutations for vaccine development, has raised $11.3M (approximately €10.40M) in a Series A funding round. The investment was led by new investors MSD Global Health Innovation Fund and IQ Capital, with participation from existing backers such as Hoxton Ventures,

Germany

RobCo secures $42.5M in Series B Funding to Democratize Robotics for SMEs

RobCo, a Munich-based startup offering affordable and connected robotics automation solutions for SMEs, has raised $42.5M (approximately €39.17M) in a Series B funding round. This investment propels RobCo's total funding beyond $60M (around €55.29M), marking a significant milestone in its mission to facilitate SMEs' entry into automation and tackle challenges

Belgium

LIZY secures €11.5M to streamline Car Leasing for SMEs and Professionals

LIZY, a Brussels-based startup specializing in car rentals for SMEs and professionals, has announced a new funding round of €11.5M. The investment comes from D’Ieteren, Alychlo, NewAlpha Asset Management, and Welvaartsfonds, aimed at fueling LIZY's growth and expanding its team.

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United States

Polestar secures €877M in Funding to fuel next Development Stage