COVID-19 is disrupting numerous industries across several regions and countries, but VCs do not seem to take a break or to wait for the murky waters to be cleared up.
We have selected 12 successful funding rounds of startups that are tackling environmental and/or social issues accross Europe.
Northvolt – Sweden
- Raised amount: $1.6 billion
- Investors: APG, BNP Paribas, Danske Bank, Danica Pension, IMI – Intesa Sanpaolo.
Northvolt provides electrification and renewable energy storage to produce electricity for EVs.
Cowboy – Belgium:
- Raised amount: €23 million
- Investors: Exor seeds, HCVC, Isomer Capital, Future Positive Capital, Index Ventures
Cowboy is an e-bikes designer and manufacturer for urban riders.
CCSL – United Kingdom:
- Raised: $22 million
- Investors: Equinor Ventures; ICOS Capital
CCSL is a Low-cost carbon dioxide (CO2) capture and separation technology maker.
Yamo – Switzerland:
- Raised amount: €10.1 million
- Ivestors: Five Seasons Ventures, Swiss Entrepreneurs Fund, Ringier Digital Ventures, Müller Ventures, btov Partners, Polytech Ventures, BackBone Ventures and Fundament
Yamo is a Swiss Foodtech startups that give parents healthier and easy organic food choices for their children .
CorPower – Sweden:
- Raised amout: €9 million
- Investors: Midroc New Technology, ALMI Invest Greentech, EIT InnoEnergy, and other private investors.
CorPower develops wave energy technology, its new generation of wave energy converters is inspired by the human heart. Its technology allows large amounts of energy to be harvested using small, low-cost devices
Siilo – Netherlands:
- Raised amounts: €9.5 million
- Investors: Heal Capital, Philips Health Technology venture Fund, EQT Ventures
“The whatsapp of healthcare professionals: Siilo is a secure medical messaging app designed to facilitate collaboration between healthcare professionals and teams.”
Quibim – Spain:
- Raised amount: €8 million
- Investors: Amadeus Capital Partners, Adara Ventures, Apex Ventures, Partech, Crista Galli Ventures , Tech Transfer UPV (Clave Capital and Juan Roig).
Quibim is an Artificial intelligence startup that develops algorithms able to extract data from medical imaging data, such as X-ray and CT scans, to find abnormalities and biomarkers that detect disease early.
Smol – United Kingdom:
- Raised amount: £8 million
- Invesors: Balderton Capital, JamJar Investments.
- Smol
“high performance, eco-friendly laundry capsules free of any animal derived ingredients”
E-peas – Belgium:
- Raised amount: €8 million
- Investors: Airbus Ventures, Partech, KBC Focus Fund, W.IN.G, Noshaq ventures, Leansquare, Nivelinvest, Vives.
“E-peas provides energy harvesting and processing solutions – AEMs & Microcontrollers – to give infinite battery life to wireless device by increasing the amount of harvested energy and by drastically reducing the energy consumption of all power consuming blocs of the system.”
Voltstorage – Germany:
- Raised amount: €6 million
- Investors: Korys, Bayern Kapital , EIT InnoEnergy, SOSV, Energie360°, Matthias Willenbacher and other business angels.
“Voltstorage builds the alternative to Tesla batteries in Europe, it is developing solar storage systems that are based on the eco-friendly Redox Flow Technology.
It is the size of a small fridge and it doesn’t use unsustainable rare—earth metals. Moreover, voltstorage battery can power your house for 20 years.”
Insolight – Switzerland:
- Raised amount: € 4.6 million
- Investors: Investiere, Zürcher Kantonalbank, Swiss Immo Lab and a number of private business angels.
“Insolight aims to simplify sunlight concentration for photovoltaic systems (CPV) by drastically changing the way of tracking the sun throughout the year.”
Beyond Leather Materials – Denmark:
- Raised amount: €1.1 million
- Investors: Rockstart , Vækstfonden, Jensengroup Investment Fund.
Beyond Leather Materials is a B2B supplier of a sustainable alternative to leather that is based on fruit waste.
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