In today’s fundraising news, German fintech RIIICO secured €4.3 million in seed funding, while Swedish energy startup Engrate raised €2.5 million. Meanwhile, Slovenian Sunrise Robotics emerged from stealth with €7.3 million. In the EdTech sector, German startup Knowunity secured €27 million for AI tutor expansion. Stay tuned for more detailed updates on these exciting developments in the fintech and crypto space.
German Fintech RIIICO Secures €4.3 Million in Seed Funding
Düsseldorf-based fintech startup, RIIICO, has recently raised €4.3 million in a Seed funding round. The company, which provides a platform for creating digital models of real-world assets, aims to use the funding to expand its artificial intelligence platform and bolster the resilience and competitiveness of its clients in the industrial sector. The fundraising round was led by PropTech fund Pi Labs, with additional investment from seed +. For more details, visit the EU-Startups article.
Swedish Energy Startup Engrate Raises €2.5 Million in Seed Funding
Engrate, a green energy startup based in Stockholm, has successfully raised €2.5 million in a Seed funding round. The funds are earmarked for the development of its digital integration platform and for the company’s planned expansion into Northern Europe. The investors in this round include both Swedish and international entities with extensive experience in the energy sector.
For more details, read the full article here.
Slovenian Startup Sunrise Robotics Raises €7.3 Million in Funding
Slovenian fintech startup, Sunrise Robotics, has successfully emerged from stealth with a €7.3 million fundraising round. The Ljubljana-based company, which specialises in developing intelligent robotic cells trained through simulation, secured the funding to expand its team across Europe and enhance its AI capabilities. The round was led by Plural, and saw participation from Tapestry, Seedcamp, Tiny.vc, and Prototype Capital. For more details, click here.
Knowunity Secures €27m in Series B Funding for AI Tutor Expansion
German EdTech startup, Knowunity, has successfully raised €27 million in a Series B funding round. The Berlin-based company, which aims to provide an AI-powered learning platform to students worldwide, plans to use the funds to expand into new markets, including the U.S. and Asia, and further develop its AI learning companion. The investment round was spearheaded by a prominent European investor. The ultimate goal for Knowunity is to reach 1 billion students globally. Read more about this fundraising round here.
