BlackFin Tech Weekly
European Fintech fundraising cooled off a little last week with only 6 deals announced for a grand total of… under € 45m invested! Less…
European Fintech fundraising cooled off a little last week with only 6 deals announced for a grand total of… under € 45m invested! Less than half the amount poured into the ecosystem in the previous two weeks. However, in terms of Europeanity, it was one deal per country last week with the Netherlands, the UK, Germany, Austria, Switzerland and France each getting their own, hurray!
The biggest fundraising last week was scored by Digital Insurance Group, the merger of Komparu and Knip, which secured € 15m to go after new challenges. Investors in the round include Zurich, a prominent insurer, and existing investor Finch capital.
Hot on DIG’s heels came Eigen Technologies with £ 13m raised from Temasek and Goldman Sachs in order to unlock the power of NLP to mine the riches hidden in the trove of documents (contracts, presentations etc…) a company has.
Next in line is Nextmarkets with € 6m raised from a variety of investors but most notably from Peter Thiel himself. Other backers include startup incubator FinLab, media giant Axel Springer as well as crypto asset holding Cryptology Asset Group.
After that comes Cashpresso, a provider of credit lines for online shoppers, which has raised € 3.5m from Hevella Capital as well as existing investor Speedinvest and business angels.
The Swiss deal of the week, Carbon Delta, secured CHF 1.7m from business angels to develop its Climate Value-at-Risk models so that investors can more easily understand the exposure of companies to climate change.
Finally, Estimeo, a data-driven rating agency for startups raised a € 400k round with business angels.
That’s all for today folks, looking forward to another week of Fintech deals!