Today in European Tech: Fintech funding galore (GoHenry, Outfund, Getsafe), Atomico's big report on European tech, and more

Today in European Tech: Fintech funding galore (GoHenry, Outfund, Getsafe), Atomico's big report on European tech, and more


Here is what happened today in European tech:


- Israeli-born cybersecurity scale-up Orca Security has announced $55 million in Series B funding, just after raising over $20 million in a Series A round back in May. The new round was led by ICONIQ Growth with participation from previous backers GGV Capital, YL Ventures, and Silicon Valley CISO Investments.

- Paris-based VC firm Eutopia has closed a €100 million fund.

- UK-born GoHenry, which provides a pre-paid debit card and corresponding app to minors as young as 6 and no older than 18 that in turn can be controlled and topped up by parents, has raised $40 million.

- Outfund, the UK fintech company changing the way online businesses raise funds, today announced the close of a £37 million financing round, including debt and equity. The round was led by Fuel Ventures and sees TMT Investments and Force Over Mass also invest.

- SeeTree, an Israeli agtech platform that provides growers with intelligence on trees and tree clusters, has raised $30 million in Series B funding from an interesting set of investors.

- Germany's Getsafe, the digital-first insurance startup that initially launched with an app for home contents insurance, has closed $30 million in Series B funding. Swiss Re, the reinsurer giant, led the round.

- Israeli API security company Salt Security today announced it has raised $30 million in a Series B financing round led by Sequoia Capital, with participation from existing investors Tenaya Capital, S Capital VC, and Y Combinator.

- Dutch food technology company Mosa Meat has completed a second closing of its Series B round. The additional $20 million brings the total raised so far in the round to $75 million.

- IDnow, a German provider of identity verification-as-a-service products, has received €15 million from the European Investment Bank. The financing, provided under the Investment Plan for Europe, will support the startup’s research and development as well as international expansion.

- We also tracked a large number of (other) European tech funding rounds and M&A transactions, all of which we are putting in a handy list for you on Friday afternoon in our weekly roundup newsletter (note: the full list is for paying customers only). Also check out our European tech news section for ongoing coverage.

Worth Knowing

- European startups are on track to raise a record $41 billion in 2020, according to an exhaustive report from venture capital firm Atomico on the State of European Tech.

- The Israeli unicorn club has a new member, with fintech company eToro recently surging to a valuation of more than $2.5 billion compared to just $800 million in its last funding round in 2018, a source told Calcalist under the condition of anonymity.

- Digital banking unicorn Revolut broke even in November, CEO and co-founder Nik Storonsky told CNBC.

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