German medtech spinout Enatom has received €900,000 to develop its holographic models of human anatomy, which give medical students with a VR headset the ability to study anatomical structures in 3D. The funding will be used to expand Enatom's technical and sales teams The round was co-led by LUMO Labs, NOM and UNETI Ventures and follows earlier funding from G-Force Capital and Triade Investments. Enatom was spun out of University Medical Center Groningen, who also provided financial support. https://tech.eu/2024/04/11/enatom-raises/

Berlin-based Torg, a B2B startup digitising product sourcing to bring buyers and suppliers together, has raised an oversubscribed €2.7M Seed round to transform food & beverage sourcing with its AI-powered platform. The funding will fuel the company’s platform development, supplier database expansion, and the creation of more “intuitive” tools to streamline sourcing processes. The investment was led by Connect Ventures. Existing investor FoodLabs and new investors, including Sondo, Ventures Together, Sameer Singh, and Jonas Meynert (co-founder of Lanch), also participated. https://siliconcanals.com/crowdfunding/torg-raises-2-7m/

Sofia-based e-commerce tech startup Rush has been acquired by Shop Circle, now being fully managed by the company. The process will take a few months in order to fully implement the new strategy. Rush was founded in 2019 by Kiril Kirilov and Stanislav Stankov. The app aims to help e- commerce businesses, individual merchants, and dropshippers to transform their shipment tracking pages into marketing opportunities. Its integration with Shopify offers a SaaS solution for order tracking and notifications, facilitating post-purchase communication between Shopify merchants and their customers. https://ain.capital/2024/04/11/rush-is-acquired-by-shop-circle/

Romanian electric ridesharing platform ELEC attracted over EUR 1 million in investment funds to become an electromobility ecosystem. The startup will use the funds to develop its own software and integrate ridesharing, rent-a-car, and electric charging services into the same platform. https://www.romania-insider.com/romanian-elec-funding-electromobility-april-2024

Early Game Ventures (EGV), one of the most important venture capital managers in Romania, announced on April 10 that it sold CODA Intelligence, a Romanian provider of next-generation automated cybersecurity solutions and one of the first investments of EGV I fund managed by EGV, to the global supplier PDQ. https://www.romania-insider.com/early-game-ventures-exit-coda-intelligence-april-2024

Munich-based Proxima Fusion, the first spin-out from the Max Planck Institute for Plasma Physics (IPP), announced that it has raised €20M in a seed funding round led by redalpine and oversubscribed. The Bavarian government-backed Bayern Kapital, German government-backed DeepTech & Climate Fonds, and the Max Planck Foundation also participated in the funding. Existing investors, including Plural, UVC Partners, High-Tech Gründerfonds, Wilbe, and TOMORROW of Visionaries Club, have doubled down on their pre-seed investments. The company will use the funds to build the first generation of fusion power plants based on quasi-isodynamic (QI) stellarators with high-temperature superconductors. https://siliconcanals.com/news/startups/germanys-proxima-fusion-bags-20m/

Berlin-based Zolar, which supplies solar panels to consumers, has raised a €100m debt vehicle from BNP Paribas to offer financing solutions to its residential customers. Zolar provides consumers with panels and offers a flexible instalment loan to help finance it. Consumers can choose between making a one-time upfront payment or a flexible monthly fee. Zolar’s new debt vehicle is an asset-backed security (ABS). Zolar has raised $241m (€300m) from backers such as Partech, Heartcore Capital and green search engine, Ecosia. https://sifted.eu/articles/zolar-climate-debt-solar-news