Hey all,
I’m writing this weeks letter from a train, I’m on my way back to Helsinki after enjoying a weekend of cross-country skiing and lots of sauna. It’s been a slow week in the startup & tech world, at least when looking at funding rounds and news in general.
As always, happy to hear from you, let me know what I missed, what I can improve & what you’d like to read about!
Funding rounds
🇸🇪 Rekonnect raised 400k€ to collect healthcare players in a secure digital ecosystem.
🇫🇮 kicker.cloud raised 700k€ platform streamlining the execution of complex projects.
🇱🇻 Trace.Space raised 1.4m€ software for complex engineering product development.
🇸🇪 Natural Cycles raised 7m$ for their cycle tracking app.
Did I miss something - send me a note!
Quick Notes
The 6 European countries with the most startup investment per capita by EU-startups, with the Nordics represented well.
Startup Wise Guys are aiming to raise 45m€ for their accelerator fund.
Also, go check out the Moonfire Portfolio Simulator - so much fun!
Speedinvest started a 3m€ fund of funds program to back emerging managers.
Opinion
Sifted published an article on which investors have backed the most European unicorns - read the whole thing here.
The names of the VCs that have backed the most European unicorns won’t come as a surprise: Accel, Index Ventures, Eurazeo and SoftBank have each invested in more than 24 unicorns on the continent.
Sifted also analysed how many times these investors participated in deals with unicorn companies. Accel would be the one in the top right corner with a whopping 82 deals and 29 unicorns. Northzone and Creandum really stick out from the 12-16 unicorns section with their little under 50 deals with them. If you want to look at the data closer (spot the dots yourself), I suggest you go and read the Sifted article.
And here’s a link to the Sifted data that is also fun to play around with as you can sort the list on what you find interesting. I find the investors that have invested early (seed) to be the most interesting and topping that list would be Global Founders Capital with HV Capital taking the second place.
What I would really like to see is the “unicorn hit rate” of these companies aka how many companies they’ve invested in and compare that with the number of unicorn investments. I also think the youngest firms with unicorn investments would be an interesting bunch to dig into.
All the best,
Josefiina