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The 10 largest VC rounds of November 2020

AIN.TECH selected 10 startups that have raised the largest investments in November 2020.

TIER, $250M

The German micro-mobility company TIER has completed a $250 million Series C investment round led by SoftBank Vision Fund 2. Existing investors Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator, and RTP Global also joined the round. Formula 1 World Champion Nico Rosberg is also among the TIER investors. 

Launched in 2018 by the CEO Lawrence Leuschner, Julian Blessin, and Matthias Laug, TIER provides electric scooter ride-sharing services that mission is “to change mobility for good”.

InnovaFeed, $167M

InnovaFeed, a biotech company, has received $167 million from existing investors Creadev – an evergreen investment company operating worldwide, and Temasek – a global investment company headquartered in Singapore.

Founded in 2016 by Aude Guo, Bastien Oggeri, Clement Ray, and Guillaume Gras, InnovaFeed is a biotech company that produces a new source of protein from insect rearing for animal feed and aquaculture in particular.

SME Finance, $95M

Vilnius-based SME Finance has received $95 million in funding from the European Investment Bank. It is the largest investment awarded by EIB to a fintech lender.

Founded in 2016 by Audrius Milukas, SME Finance is the largest non-banking alternative financing company in the Baltics. SME finance helps businesses to grow by providing non-standard factoring solutions to small medium-sized enterprises.

Skeleton Technologies, $48.5M

Tallinn-based Skeleton Technologies has raised $48.5 million in Series D round. The round was led by existing investors such as EIT InnoEnergy, FirstFloor Capital, MM Grupp, and Harju Elekter with participation from leading European industrial investors and a group of entrepreneurs.

Founded in 2009 by Chairman Oliver Ahlberg and CEO Taavi Madiberk, Skeleton Technologies is the global technology leader in ultracapacitor energy storage in automotive, transportation, grid, and industrial applications. The company is aimed to decrease emissions and fuel consumption, improve power quality, and to power electrification to fight climate change.

IQM Quantum Computers, $45M

Espoo-based IQM Quantum Computers, the European leader in building superconducting quantum computers, has raised $45 million in Series A funding. The round was led by MIG Fonds with participation from all existing investors including Tesi, OpenOcean, Maki.vc, Vito Ventures, Matadero QED, and some new investors such as Vsquared, Salvia GmbH, Santo Venture Capital GmbH, and Tencent.

Founded in 2018 by CEO Jan Goetz, COO Juha Vartiainen, CTO Kuan Yen Tan, and Chief scientist Mikko Möttönen, IQM delivers on-premises quantum computers for research laboratories and supercomputing centers and provides complete access to its hardware. For industrial customers, IQM delivers quantum advantage through a unique application-specific co-design approach. 

Razor, $30M

German startup Razor has closed a new $30 million Series A round. $12 million will be contributed by the existing investors including Alexander Kudlich, founder of 468 Capital, Florian Leibert, founder of Mesosphere, Presight Capital, Global Founders Capital, and Redalpine VC funds, another $18 million – came through debt financing from Claret Capital.

Razor Group is a consumer holding that acquires and scales merchants’ brand stores that sell on Amazon. It was founded in August 2020 by Tushar Ahluwalia and Jonas Diezun, Headquartered in Berlin, Razor already has offices in London and New Delhi, and employs 35 people.

Tourlane, $20M

Berlin-based traveltech startup Tourlane has raised an additional €16.8 million as an extension of Series C funding round, closing it at €56 million. Existing investors Sequoia Capital, Spark Capital, DN Capital, and HV Capital, as well as both founders, also joined the round.

Founded in 2016 by Julian Stiefel and Julian Weselek, Tourlane develops a planning and booking platform for multi-day tours, offering customized experiences and expert travel consulting. 

KINEXON, $18M

Munich-based hardware and software developer KINEXON has got an $18M venture debt loan from European Investment Bank. The transaction is supported by the European Fund for Strategic Investments.

KINEXON’s expertise is in sensor network development, edge computing, and real-time process automation. Its real-time localization technological solutions are used in production and logistics, as well as in professional sports enabling in-depth performance analytics, injury prevention, and fan engagement.

Vivid Money, $18M

German fintech Vivid Money has closed a €15 million Series A funding round that pushed its valuation to €100 million. Leading investor is the US Ribbit Capital VC fund.

Vivid Money is a challenger bank that develops financial platform and mobile banking app that helps customers save and invest their money. It was launched by Alexander Emeshev and Artem Yamanov, previously worked as executives for Russian Tinkoff Bank, in June 2020.

BOOKR Kids, $2.4

BOOKR Kids, the leading digital publishing company of interactive books in Central and Eastern Europe, has raised $2.4 million in new funding and another $2.4 million in convertible notes. The round was led by Bonitas, a private venture capital fund.

Founded in 2015 by Dorka Horváth and Dani Karányi, BOOKR Kids is a unique reading-based edutainment tool, designed to engage and delight the youngest learners in reading. The company offers a digital format of classical and modern stories with animation, narration, text highlighting, and special educational games.

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