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Weekly Funding Highlights – 29 November 2023

New week – new closed funding rounds. This week’s funding highlights cover start-ups, fintechs, cybersecurity tech, RegTechs, and many more! Take a look at some major investments of this week.

Nucleus Commercial Finance lands £200m (€231m) funding from NatWest

Fintech lender Nucleus secures a £200m funding line from NatWest, expanding its SME loans with short and long-term unsecured products. This brings Nucleus’ total funding to £900m, enabling the AI-powered lender to cater to an additional 2000 SMEs and reinforcing its role as an alternative to traditional banks. Read more

Finland-based Failup Ventures secures €30M in first closing of its new early-stage fund; Know more

Helsinki-based Failup Ventures secures €30M in the first closing of its €50M early-stage fund, with anchor investor Business Finland Venture Capital Oy. The Finnish-American VC, with a core foothold in the US, aims to support mission-driven founders globally, already making three investments in startups such as Foundernest, Ever, and Vested Health. Read more

Lassie fetches €23m in funding: Leading the pack in preventive pet insurance

InsurTech startup Lassie secures €23m in Series B funding led by Balderton Capital, bringing its total funding to €36.5m. Lassie, a pioneer in preventive pet insurance, plans to expand its ecosystem, enhance technology, and support international launches with the investment. Read more

Hexa lands a €20m investment to pioneer diverse startups across multiple sectors

Forward-thinking startup studio Hexa secures €20m in funding to accelerate startup creation, with plans to launch 30 startups annually by 2030. The investment, led by a mix of entrepreneurs and family offices, enables Hexa to diversify into sectors such as AI, health, climate, education, proptech, agritech, and cybersecurity. Read more

Mozaic.io secures $20m (€18.2m) Series A investment led by Volition Capital

Mozaic.io, a payments platform specializing in revenue and royalty splits for creative professionals, secures a $20m Series A investment led by Volition Capital. The funding will fuel product development, including a self-serve feature, and expand teams to manage collaborations on platforms like YouTube, Twitch, and Shopify. Read more

Belfast’s Cloudsmith secures $11m (€10m) in Series A2 funding

Belfast-headquartered Cloudsmith, a software supply chain management firm, has raised $11 million in Series A2 funding led by MMC Ventures. The investment will fuel the expansion of Cloudsmith’s cloud-native software supply chain solution, catering to the growing demand for secure and reliable software supply chain platforms. Read more

Nigerian startup FrontEdge bags $10m (€9.1m) for trade finance growth

Nigerian trade finance startup FrontEdge has secured $10 million in a funding round led by TLG Capital and featuring participation from Flexport. The capital injection, a mix of debt and equity, will support FrontEdge’s mission to boost African SMEs engaged in cross-border trade by providing necessary capital and expertise for growth. Read more

WeeFin raises €7M to revolutionise ESG strategies for European finance

FinTech company WeeFin has secured €7 million in Series A funding led by IRIS and Ring Capital, with additional contributions from existing investors Asterion Ventures and Investir&+. WeeFin, known for its innovative SaaS platform, plans to utilize the funding to expand across Europe, recruit over 100 employees, establish a new office in London, and further develop its platform, ESG Connect, which helps financial institutions develop and manage effective Environment, Social, and Governance (ESG) strategies. Read more

Keyless separates from Sift, secures $6m (€5.4m) in funding

Keyless, a UK-based fraud prevention company, has secured $6 million in funding to accelerate the adoption of its biometric authentication solutions beyond Europe. Led by Rialto Ventures, the funding increases Keyless’ total funding to $26 million, and the company plans to use the investment to enhance its privacy-preserving biometric authentication platform, ESG Connect, which addresses identity verification challenges and ensures compliance with global data protection and privacy regulations such as GDPR. Read more

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