Vienna-based XUND, a health tech scale-up, announced on Tuesday that it has secured €2M in an extended Seed funding round, bringing the total funding raised to €8M. New investor Thieme Group participated in the funding round, along with existing investors, including MMC Ventures and MassMutual Ventures. The fund will help the Austrian company develop Medical Large Language Models (MedLLMs) to provide personalised medical content dynamically. https://siliconcanals.com/news/startups/xund-extends-seed-round-to-8m/

Bavest, a Frankfurt/Munich-based business-to-business fintech firm, has announced raising €1.1 million (about $1.2 million) in a pre-seed funding round, signaling strong market confidence in its innovative financial infrastructure solutions. The investment round draws support from a notable group of backers, including Bitpanda co- founder Christian Trummer, ReZoom Capital, Nautic Ventures, Jens Rehwinkel, Dieter Staib, along with senior figures from leading consultancies and the fintech sector. Founded in 2019 by Pedram Babaei, William Todt, and Ramtin Babaei, Bavest initially launched as a B2C fintech company before pivoting to a B2B model at the end of 2022. https://www.crowdfundinsider.com/2024/03/223236-germany-b2b-fintech-startup-bavestsecures-1-2m-in-pre-seed-funding/

In the upcoming Newsletters, we highlight 25 Startups and ScaleUps actively seeking capital from Investors/VCs/CVCs to fuel their growth. This means throughout the year, we'll showcase over 1,000 fresh companies, innovative ideas, and emerging startups in search of strategic partnerships. This new premium service is part of Wolves' new initiative dedicated to connecting Startups with potential investors: WolvesMatch. If you're a Startup seeking capital, feel free to submit your details for consideration at no cost here. WolvesMatch this week: Poland-based software and e-commerce solutions provider (Euro 1 million in revenue) is looking for partners or investors. Lithuanian startup (with 700,000 euros) with a SaaS business model. Ukraine-based full-cycle SoftDev company. Poland-based service company that provides various services for Gamedev studios IT Recruitment startup with a unique approach to a new niche (Poland) Cybersecurity platform that combats ad fraud, fake traffic, and GenAI threats. B2B focus with solutions to Product Carbon Footprint (PCF) (Slovenia) Generative Codeless.AI Platform, everywhere for the Enterprise (India) Digital health startup that transforms pharmacies and pharmaceutical companies with its technologies, enabling them to provide health services remotely, etc. (Turkey) MedTech: targeting opiod crisis, by introducing a peripherical non-addictive opiod to the market. We are looking for an investor the finance Phase II and bridging work in the range of €5 million+. B2B targeting Fintech for rental market; €1 million revenues EdTech with blue-chip Partners: Google, Apple, Tesla, Novartis, X, Deutsche Bank PropTech, with 3.5M users on our platform. Clients include: Sony, CWS, CBRE Austrian B2B keen to expand to Germany; already €2.5 million revenue, targeting companies Transport-as-a-service, this UK-based emobility start-up, with €800,000 revenue. Swiss EdTech scaleup revolutionizing early childhood education, with gamified learning platform Luxembourg-based AI Business App Platform: €800,000 revenue. B2C: provides vaginal infection testing for women in Latin America. AI fleet analytics solution; €250,000 revenue. See Full details by subscribing to our Premium Newsletter by contacting mia@wolveseurope.com

Frankfurt-based Gunzilla Games, a AAA games developer, announced on Tuesday that it has secured a combined funding of $30M (approximately €27.6M). This includes a $10M strategic token round co-led by CoinFund and Avalanche’s Blizzard Fund, with participation from Republic Capital and Morningstar Ventures. The company will use the funds to develop the highly anticipated cyberpunk-style battle royale third-person shooter game ‘Off The Grid‘ and its blockchain-based marketplace platform, GUNZ. The announcement comes over a year after raising €44.9M in a funding round led by Republic Capital. https://siliconcanals.com/news/startups/gunzilla-games-secures-27-6m/

Tallinn-based Eleport, a provider of electric vehicle charging networks, announced that it has closed a funding round from its current investors Ambient Sound Investment and Gren. The company did not reveal the specific amount of funding they received. The Estonian company plans to invest over €20M in 2024 and more than €100M in the upcoming years to expand its charging network. The company intends to expand its electric vehicle charging infrastructure by installing 800 new charging points this year alone. These points will be added to its existing network of 550 charging points that are currently located in Poland, Lithuania, Latvia, and Estonia. It will bring the total number of charging points to over 1350, ensuring a wider spread of charging facilities for electric vehicle owners in the region. https://siliconcanals.com/news/startups/eleport-secures-funding/

NATO’s Defence Innovation Accelerator for the North Atlantic (DIANA) program has announced a major expansion of its network of accelerator sites, which will in future include one in Latvia for the first time. DIANA’s network will now comprise 23 accelerator sites (up from 11) and among the newcomers is UniLab Defence – a Rīga based DIANA program expected to start operations in 2025. The accelerator site will be set by UniLab, a Latvian university business incubator that unites all four Latvian science universities – Rīga Technical University, the University of Latvia, Riga Stradiņš University and the Latvia University of Life Sciences and Technologies. UniLab will collaborate with its strategic partner Accelerace, Danish venture capital and acceleration fund. UniLab Defence will focus on supporting startup companies developing dual-use technologies and will provide training, funding and commercial advice to them. Latvian as well as international companies from other NATO countries are expected to participate. The accelerator will enable cooperation between the startups and the industry, National Armed Forces, Ministry of Defense, NATO and other stakeholders and potential partners. https://eng.lsm.lv/article/society/defense/28.03.2024-nato-defence-accelerator-coming-to-latvia.a548413/

Oveit, a Romania-born startup currently based in the US, announced a new campaign to raise EUR 400,000 on SeedBlink to transform live events with advanced SaaS shopping technology. The company said its “sophisticated shopping technology” is ready to further capitalize on the growing global event management market. Oveit’s platform, which integrates AI, blockchain, and NFC, has been adopted by giants such as Amazon and Visa. https://www.romania-insider.com/oveit-seedblink-funding-round-march-2024