Healthtech company Recare today announced that it has secured €3.2 million to expand its marketplace for digital discharge management in Germany. Founded in 2017 in Berlin, Recare has developed a SaaS platform to facilitate easy and effective patient transfer from hospitals to care providers. It acts as a neutral marketplace, allowing hospitals to find care providers for their patients with aftercare needs. The new capital comes from a new capital round from existing investors and a €2 million loan arranged by Gilion, which enables technology companies to grow through access to funding and forecasting. The funding allows Recare to focus even more on introducing its digital discharge management solutions to improve patient aftercare processes. https://tech.eu/2024/04/02/recare-secures-eur32m-for-expansion-of-digital-discharge-management-in-germany/

Supersimple, a ‘self-service’ business insights platform from Talinn, has raised $2.2M in Pre-Seed funding. The capital will be used to accelerate customer growth and strengthen data searching algorithms. The platform enables users to navigate complex and exclusive data sets without any code. Designed specifically for teams at B2B SaaS companies to answer their own ad-hoc data questions, it lets team members use natural language processing to go beyond pre-built dashboards and get specific data insights in convenient formats. Supersimple was founded after CTO Priit Haamer previously co-founded Sixfold, where other co- founder and CEO Marko Klopets was based already. The AI company merged with Transporeon and later sold for $2 billion. Most of Supersimple’s machine learning engineering team hails from Sixfold. The round is led by Tera Ventures with participation from Specialist VC and a variety of angel investors that include the former CTO of Twilio and the founders of Sixfold and Grünfin. https://tech.eu/2024/04/02/data-navigation-tool-supersimple-raises-2-2m-pre-seed/

Munich healthtech company Adon Health, has completed its Pre-Seed financing round. The amount raised has not been disclosed. The company was founded in late 2023 by two former McKinsey colleagues, Maximilian Schubert and Dr Jonathan Apasu. Adon Health’s product is a vertically integrated platform for complex and underserved therapies, with a first focus on testosterone replacement therapies. The platform enables patients to manage their entire care experience digitally and in one place, making the care experience significantly less complex and time-consuming for the patient. Backbone Ventures led the funding, alongside the Atomico Angel Programme and several business angels with business-building experience in the European healthcare and consumer ecosystem. https://tech.eu/2024/04/04/adon-health-completes-pre-seed-funding-for-testosterone-replacement-therapy-platform/

peaq has raised $15 million in a pre-launch multi-tranche funding round led by Generative Ventures and Borderless Capital with the participation of Spartan Group (invested in MetaGravity and Brine Fi), HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana Wealth, and others. The funding will be directed toward further expanding the peaq ecosystem, home to more than 20 DePINs, decentralised applications that use tokens to incentivise people to crowdsource and build connected real-world physical infrastructure. The funding comes at a crucial time for the project as it prepares for network launch after years of R&D. Founded by Max Thake, Till Wendler, and Leonard Dorlöchter in 2020, peaq empowers people to own and earn from mobility, energy, connectivity, environment, agriculture, and digital infrastructure. It serves as permissionless, borderless digital infrastructure for increasingly intelligent machines to serve all of humanity. https://techfundingnews.com/berlin-based-blockchain-startup-peaq-lands-15m-to-build-decentralised-apps-to-access-from-anywhere/

Vilnius-based Practica Capital has today announced the final close of its latest fund at €80 million. The firm’s third fund is more than twice the size of its predecessor and lays claim to the title of largest seed fund in the Baltics. Operating as lead investor, the firm intends to continue to support early-stage startups hailing from Lithuania, Latvia, and Estonia, operating in the SaaS, marketplace, or Deep/Industrial tech sectors. Ticket sizes are expected to range anywhere from €1 million to €3 million with follow-on allotments of up to €8 million. The fund has already deployed more than €10 million via the new vehicle, backing 6 companies including Heavy Finance, Sentante, Amlyze, and Breezit. https://tech.eu/2024/02/01/practica-capital-closes-largest-seed-fund-in-baltics-at-eur80m/

Syntropic Medical, an Austrian spinout of the Institute of Science and Technology Austria (ISTA), has raised early-stage funding of an undisclosed seven-figure amount. The round was led by xista science ventures and AWS, the promotional bank of the Austrian federal government. Syntropic’s treatment for Major Depressive Disorder is a brain stimulation device based on a light stimulation protocol that was discovered by the Siegert Group at ISTA. The treatment could allow the brain to more flexibly form new connections by softening its stabilising structures, the perineuronal nets. https://tech.eu/2024/04/04/syntropic-raises-seven-figures-for-light-based-depression-treatment/

Tallinn-based Elcogen, a manufacturer of green energy technology, announced on Wednesday that it has raised funding from Baker Hughes in a fresh funding round. Baker Hughes is an energy technology company that has a diverse portfolio of equipment and service capabilities that span the energy and industrial value chain. Along with equity investments from Hydrogen One Capital Growth plc, HD Hyundai, and Mirae, as well as project grants from the European Commission, including an IPCEI project, amounting to over €24M, and a proposed debt of €15M, Elcogen has raised more than €140M overall. https://siliconcanals.com/news/startups/baker-hughes-backs-elcogen/