SWEDEN: The Swedish health tech company Encare has secured funding of EUR 1.5 million to support the company's continued expansion, product development, and entrance into new international markets. Encare's SaaS solution supports healthcare providers in implementing best practices for surgical care to improve patient outcomes. Existing shareholders, together with some new, through the Sciety network, took part in the financing round. 

MILAN: Roomless, a proptech startup based in Milan, has raised 1 million euros in the form of convertible financing. This concludes the 1.7 million euro round led by Sensible Capital together with Club degli Investitori.

Scaling is a multifaceted phenomenon with a steep path to hypergrowth that only a few European companies are able to climb – in fact only 1 in 10 firms are able to scale more than 10% annually. A new report from the European Scaleup Institute analyses the dynamic landscape of high-growth firms (HGFs) and reveals a multitude of growth paths across Europe.

XONAI, a cloud optimization solution helping organizations reduce data infrastructure costs, has closed $3.5 million in Seed funding.  London-based Kadmos Capital led the round with participation from investors Adara Ventures, Deep Science Ventures, Nauta Capital, Notion Capital, and notable angels Mehdi Ghissassi, Director of Product Management for Google DeepMind, Martin Gould, former Head of Product for Spotify’s Content Platform, among others.

StarWolf Media Ltd, an international media and finance company supporting empowering films and streaming content, is raising £450,000 for expansion and project development. 

Angel Gambino is a renowned entrepreneur, investor, and one of the keynote speakers at this week's EBAN Congress 2023. 

Experienced product designer and entrepreneur Fiona Bennington has been appointed as Catalyst’s new Director of Entrepreneurship.

Green Angel Syndicate, the UK’s largest network of specialist investors fighting climate change, has changed its name to Green Angel Ventures.  This change reflects the growing importance to the business of its fund management activities.  It will take effect immediately, although its operational names and activities will not be affected.  The organisation’s specialisation in the fight against climate change will be enhanced and emphasised by this new name.

Fiona Hudson-Kelly, author of ‘Grow and Sell your Startup', identifies some of the main issues which female entrepreneurs face in scaling their businesses and offers her perspective on how to overcome them.

In the UK women run around 29% of small businesses and just 1% of trade businesses. Interestingly, during the pandemic we saw increasing numbers of all-female-led businesses with 145,200 being incorporated in 2021 ? nearly three times the number in 2018.

Angel Academe, has made a follow-on in Dem Dx, founded by CEO Dr Lorin Gresser. Dem Dx’s CE-certified AI clinical reasoning platform helps frontline healthcare professionals to make initial clinical assessments more effectively and efficiently.

Signaloid, the computing platform allowing companies to understand real-time uncertainty for autonomous decisions, has raised a seed round of £3 million led by IQ Capital, with additional investment from Type One and Creator Fund. Signaloid offers a computing platform that lets companies run their existing unmodified software yet obtain results that today require both costly software changes and time-consuming Monte Carlo analysis.

Berlin: zero44, a SaaS startup for CO2 management of merchant ships, has raised €2.5 million. The round is led by early-stage investor Atlantic Labs. In addition, Starthub Ventures and Bernhard Schulte Innoport are investing, as well as several business angels from the logistics and shipping industry.