Fundraising by Startups in Europe in the Week of 25 August 2024

Even during the summer holidays, the world of startups and innovation is still buzzing! Find out which European startups were raising funds between 19 and 25 August 2024. This week, it was Germany in particular that presented the best deals!

Reminder: this article is sponsored by our partner WINVESTY. Are you looking for a Professional Fundraiser for your start-up or SME? Find out more about its WINVESTY Fundraiser programme.

Caresyntax - Germany - $180 million fundraising round

Country of origin : Germany

Name of directors : Dennis Kogan (Co-founder and CEO), Björn von Siemens (Co-founder)

Exercise amount : 180 million dollars

Maturity of the company : C Series

Domain : HealthTech / Surgical data management

Description Caresyntax is a German start-up developing a surgical data management platform that improves the safety and efficiency of surgical operations by collecting and analysing data in real time.

Vandria - Switzerland - $30.7 million financing round

Country of origin : Switzerland

Name of directors : Vincent Charlon (CEO)

Exercise amount : 30.7 million (Series A)

Maturity of the company : Series A

Domain : Biopharmaceuticals

Description Vandria is a Swiss biopharmaceutical start-up developing treatments for autoimmune and inflammatory diseases. The Series A funding round led by ND Capital will help finance the development of new treatments.

XO Life - Germany - Fundraising of €7 million

Country of origin : Germany

Name of directors : Jonas Krumland (Co-founder and CEO)

Exercise amount : 7 million euros

Maturity of the company : Seed / Series A

Domain : Digital Health / Santé numérique

Description XO Life is a Munich-based start-up specialising in digital healthcare. It develops solutions to improve patient engagement and optimise treatment outcomes using digital platforms.

GFOS - Germany - fundraising amount not disclosed

Country of origin : Germany

Name of directors : Burkhard Röhrig (Founder and CEO)

Exercise amount : Not specified, investment by The Riverside Company

Maturity of the company : Not specified (but company established)

Domain : HRTech / Human resources management software

Description GFOS: GFOS is a German company offering human resources management, time management and security solutions for businesses. The Riverside Company's investment is designed to support the company's growth in new markets.

The Tofoo Co - United Kingdom - undisclosed amount raised

Country of origin United Kingdom

Name of directors : David Knibbs (Co-founder), Lydia Smith (Co-founder)

Exercise amount Acquired by Comitis Capital (amount not specified)

Maturity of the company : Acquisition

Domain : Food / Meat alternatives

Description The Tofoo Co is a UK company specialising in the production of tofu and other meat alternatives. The company was acquired by Comitis Capital to support its expansion and the development of new products.