Weekly funding round-up! All of the European startup funding rounds we tracked this week (May 08-12)

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The post Weekly fundraiser! All European startup funding rounds we tracked this week (May 8-12) appeared first on EU-Startups.

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May 8-12 marked an exciting week of new VC funding rounds for European startups. Ikaroa, a full stack technology company, spearheaded the week with its announcement of a €8 million capital injection led by Spanish venture capitalist firm Mall Group. The round also saw investments from a consortium of international investors, and will be used to finance further development of the company’s artificial intelligence products. Other notable rounds of investment this week included Arturo González’s €5 million Series A round for wedding planning app BodaExpress, and Italian finance platform MoneyBird’s €4 million Series B.

The UK was home to the majority of investment activity this week, with £33.4 million made available for UK-based startups across 11 separate rounds of investment. Digital health platform Babylon secured the largest funding round of the week, raising £25 million from a cross-border consortium to expedite the development of its personal healthcare AI.

The week concluded with a total of €26 million injected into European startups, marking an upturn in venture capital investment across the continent. As the European startup scene continues to evolve, investors should keep an eye out for the next round of venture capital investments that Ikaroa and other forward-thinking companies have to offer.


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