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7 largest funding rounds closed by Austrian startups in 2020

AIN.TECH selected Austria-based startups that raised the largest investments in 2020.

Bitpanda, $52M

Vienna-based fintech Bitpanda has closed a $52 million Series A funding round led by Valar Ventures, the US venture capital firm backed by Peter Thiel. Speedinvest also participated.

Bitpanda was co-founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer. It has since grown into a popular trading platform for Bitcoin, Ethereum, gold and over 30 other digital assets with more than 1.2 million users.

GoStudent, €13,3M

In November, e-learning startup GoStudent has raised an additional €5 million as an extension of its €8.3 million Series A round closed earlier this summer. Investors include Left Lane Capital and DN Capital.

GoStudent develops a digital platform that connects students with teachers all around the globe. Currently, the company offers 6, 12, and 24-month tutoring subscription packages that include one-on-one and group tutoring sessions. 

Kompany, €6M

Regtech startup Kompany has secured €6 million from Fairway Global Investment and Japanese VC Global Brain as leading investors. Previous investors European Super Angels Club and the startup’s management team also joined the round.

Kompany provides real-time audit-proof business verification data for business KYC needs. The company operates a global register network that connects businesses to data from commercial registers, financial and tax authorities from more than 110 million companies across 200 jurisdictions.

Authentic Vision, $5M

Authentic Vision has received a $5 million Series B funding from Austrian private company Custos Privatstiftung, the US VC fund Dolby Family Ventures, the UAE-based Gronova Vision, German company TAKKT AG, and business angels.  

Authentic Vision provides anticounterfeiting and authentication technologies designed to enable companies to protect their products, brands, reputation, as well as their customers. Its solution consists of customizable holographic fingerprint tag, free CheckIfReal app, and a web platform.

ToolSense, €3M 

Vienna-based company ToolSense has closed a €3 million seed round led by btov’s Industrial Technologies Fund and existing investors Gründerfonds, Segnalita Ventures, Martin Global AG and Dr Georg Hoblik GmbH.

ToolSense, founded in 2017 by Alexander Manafi, provides an intelligent after-sales IoT platform that digitalizes the cooperation between machine manufacturers, distributors and their customers. 

Sarcura, €2.5M

Cell therapy startup Sarcura has closed a €2.5 million seed financing round. Investors include the Austrian Seed fund IST Cube, the Spanish VC firm Nina Capital, and the Swedish investment company Axilium Capital.

Founded in 2019, Sarcura develops a machine platform for the large scale, GMP manufacturing of personalized cell therapy. Such therapies are based on semiconductor technology that enables bringing bioprocess control to the cellular level and used for patient cancer treatments.

Newsadoo, €2.2M

Linz-based startup Newsadoo has raised €2.2 million from existing investors Raiffeisen Innovation Invest, FFG, and aws.

Founded in 2017,  Newsadoo personalizes readers news with the goal to create “personal digital daily newspaper”. The app collects news and articles from newspapers, radio broadcasts, TV stations and online portals and uses AI to create a news feed with content interesting to the reader. 

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