Wrapping up June with Isomer Capital
June is over and we’re now ready to wrap it from the perspective of our good friends at Isomer. Let’s get us started with an impressive chart and an overview of some of the major funding announcements in the Isomer portfolio
311 funding rounds were completed.
€10.6 bn was invested into European Startups.
49 exits occurred, 46 undisclosed, 3 were valued at €305m
The UK raised the most amount of money at €5.4bn
Taking a look at some of the June events in the Isomer portfolio also showcases exactly the trajectory Europe is on 📈
🇬🇧 Wayve, Embodied AI for automated driving, raises $1.05bn Series C
🇪🇪 Bolt, a ride-haul mobility app, raises €220m Debt
🇩🇪 Lilium, an electrically powered aircraft company, raises $150m Post IPO
🇪🇸 Capchase, revenue accelerator platform, raises €105m Debt
🇬🇧 Vitesse, payment and treasury platform, raises $93m Series C
🇬🇧 PolyAI, AI voice call company, raises $50m Series C
🇩🇰 Pleo, smart payment cards for employees, raises €40m Debt
🇬🇧 Nivoda, online jewellery marketplace, raises €27m Series B
🇩🇪 Codesphere, developer software, raises $18m Series A
🇬🇧 Dendra, ClimateTech company, raises $15m Series B
🇬🇧 Urban Jungle, insureTech company, raises €13m Venture
🇬🇧 Purple Dot, e-commerce company, raises $10m Series A
🇩🇪 Rows, cloud-platform bases spreadsheet app, raises €8m Venture
🇬🇧 Ember, an automated accounting company, raises €5m Seed
🇩🇪 simpleclub, a learning app for school children, raises €4m Venture
With that, let’s get on to the big events and what they left us with 👇
SuperVenture and The European VC Awards
Top 10 Takeaways
Team Isomer had a strong presence at SuperVenture, participating in several panels and chairing Day 2 of the event. The top takeaways were:
European Venture sentiment is more positive in 2024 than last year.
AI investment trends dominate, with venture capital investments up 300% since 2022.
Focus on AI applications, data management, and efficiency.
Most Fortune 100 companies are deploying AI in test environments.
Declining workforce and cost-cutting drive software product adoption.
The AI software market is expected to reach $365 bn by 2030, with VCs holding significant exposure.
The European tech ecosystem, valued at $3,500 bn, has seen an increase in M&A activity.
European VC deployed $14Bn in Q1 2024, up from $9Bn in 2020.
Early-stage VC in Europe in 2023 continues to generate positive returns, in some vintage years ahead of US returns.
Potential Klarna and Revolut's IPOs will positively impact European VC returns.
The European VC Awards
The first European VC Awards were unveiled at SuperVenture, celebrating outstanding contributions to the European venture capital ecosystem.
Designed to celebrate, inspire, and promote excellence, the awards recognise top performers in various categories.
Firm of the Year: Seedcamp, for its impressive DPI returns and access to competitive deals in 2023.
Newcomer of the Year: Amino Collective for its rapid fundraising in an oversubscribed fund and leadership in the tech bio sector.
Achievement of the Year: WVC: E for the collaborative effort in addressing funding disparities.
Exit of the Year: Capnamic for their LeanIX exit, placing its fund in the upper quarter for DPI from that exit alone.
Hall of Fame: Neil Rimer, founder of Index Ventures for his overwhelming impact and leadership in European venture capital.
You can read more here.
Isomer Insights & Events
Highlights from VivaTech in Paris and Tech.emotion in Milan:
VivaTech: The conference in Paris was bustling, with founders, investors, and corporations gathering for three days to showcase innovations. Key discussions focused on:
Need for Europe to have more lead investors in late-stage rounds.
Necessity to streamline and simplify the regulatory environment.
Enhancing government procurement for startups.
Balancing data access risks with the need for AI model training.
Improving cross-border data collaboration in Europe.
Europe’s engagement in the AI race, thriving tech hubs, regulatory leadership, and sustainability efforts were highlighted as strengths.
Tech.emotion: Held in Milan, this event featured global high-profile speakers like Nerio Alessandri (Technogym), Luca Cordero di Montezemolo (Ferrari, Italo), and Howard Schultz (Starbucks). Discussions centred on the transformative impact of AI across industries, accelerating company creation, and addressing global challenges.
Upcoming Events
🇸🇪 Family Office Alliance Symposium (Stockholm, 11th - 12th June): Thomas will participate in an event regrouping family offices from Europe and Asia.
🇮🇹 Tavolo Single Family Office Event (Milan, 18th-21st June): Thomas will participate in the panel on Venture Capital.
🇬🇧 HSBC NextGen Event (London, 25th June) - Chris will be part of the panel and the Q&A.
🇸🇬 SuperReturn Asia (Singapore, 24th-27th September) - Thomas will meet with Asian investors during SuperReturn in Asia.
🇫🇷 IPEM - (Paris, 9th-11th September) - Thomas will attend the event in Paris.
