- SearchVentures
- Posts
- Investors are betting on new startups
Investors are betting on new startups
New startups lead the market, the startup making deliveries on the minute, and more...
SearchVentures
September 11, 2024
In partnership with
EU startups are making a comeback
European investors are shifting their focus to brand new startups as pre-seed startup valuations reach €4.4 million, a 6x increase from 2014.
What sets them apart from other stages?
This Week’s Trends
Early-stage startups lead the market
The startup delivering packages with AI
$1.2 billion VC fund and more
Read Time 4 minutes
The Startup Trend
European Early-Stage Valuations
European pre-seed startups have seen the largest rise in median valuations this year, continuing the trend of being the only stage with an increase. The median valuations reached €4.4 million at the end of Q2, up from €2.8 million in 2023.
> There has been a significant increase in the number of micro VC funds, (typically under $100 million) that focus mainly on pre-seed stages.
> VC funds that usually invest in Series A rounds are now shifting their focus to earlier stages, primarily pre-seed.
💡 Startups that previously raised capital at inflated valuations back in 2021-2022 are struggling to justify those valuations in today’s market, making new startups more attractive to investors.
Startup feature
Delivering more than just parcels
Packfleet, the London-based courier service that places an environmental focus on same-day deliveries has received a funding package of $10 million to expand their eco-friendly deliveries across Europe.
No More Waiting On Packages
With AI-driven routing technology at its heart, Packfleet has redefined the parcel-sending and receiving experience, placing a focus on carbon-neutral deliveries that can track delivery times down to the minute of arrival.
“We are making delivery easy not just for customers, but merchants and drivers too.”
Around 500 million parcels are delivered in London each year and after experiencing poor service when parcels arrived broken or went missing Packfleet was created to find a solution.
What sets them apart from other leading courier services is an all-electric fleet with proprietary routing software that slashes power consumption. Packfleet demonstrates that you can indeed kill two birds with one stone-achieving both operational efficiency and green credentials.
“In a market where our competitors are slow, immovable beasts with complex, rigid backend software, we’re able to be agile and reactive.”
Signed, sealed, delivered
With environmental concerns becoming more of priority for consumers, Packfleet’s dual focus on people and the planet is turning heads. Capturing the attention of major investors, the startup secured $10 million in Series A funding.
“We’ve proven that our model works, and we are now expanding to the rest of Europe to make deliveries quicker for our customers.”
Packfleet has already achieved significant growth this year - with a 5x increase in their deliveries made across London - and this is only a taste of what’s left to unbox. With plans to expand to more major cities across the UK, the startup is taking an aggressive growth strategy to package deliveries.
With a priority on direct customer care and environmental responsibility, Packfleet has used their speed and efficiency as a startup to outpace major delivery curriers in the race for a better solution to instant delivery.
Sponsored by Artisan
10x Your Outbound With Our AI BDR
Imagine your calendar filling with qualified sales meetings, on autopilot. That's Ava's job. She's an AI BDR who automates your entire outbound demand generation.
Ava operates within the Artisan platform, which consolidates every tool you need for outbound:
300M+ High-Quality B2B Prospects
Automated Lead Enrichment With 10+ Data Sources Included
Full Email Deliverability Management
Personalization Waterfall using LinkedIn, Twitter, Web Scraping & More
Headline News
This Week In Startups ✍️
Founders
> PhoreMost, a UK-based biopharmaceutical startup, raises £33 million Series B to advance 'Drugging the Undruggable' research.
> tem., an AI transactions platform, secures £10.5 million for AI-powered renewable energy platform.
> Retraced secures €15 million Series A funding for fashion brands' sustainability management.
Investors & VCs
> Atomico raises $1.24 billion across two funds, its largest ever, for European startups from seed to pre-IPO.
> Outward VC has completed a first close of £51 million for its second fund focusing on fintech, defying the sector’s funding slump.
> SET Ventures doubles the size of its last fund with €200 million to back 20-25 European climate tech adoption startups at Series A.
SearchVentures Premium
Access insights on over 41,000 European startups
Here are the latest startups open for investors
How Was Today's Newsletter?If this issue was a startup, how would you rate it? |
You can reach out to us on socials or at www.searchventures.co
Cheers,
Odin Lund & Hari Mohandas
Reply