Elaia closes $217M fund to invest in early-stage European and Israeli startups

Plus: ArK Kapital raises $108M to provide non-dilutive funding for German startups

Inside.com Part of   Network March 30, 2023

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VC firm Elaia has closed a $217M funding to invest in early-stage up to Series B-stage European and Israeli startups. The firm aims to invest anywhere from $1M to $16M. More: The firm will focus on startups that operate in the following verticals: cybersecurity, cloud, fintech & insurtech, digital life sciences, and digital transformation. Elaia will invest in 25-30 startups annually.  Since its inception, the firm has had tens of exits, some of which are: Tinyclues, Criteo, Teads, Orchestra network, Holded, Easyrecrue, Volterra, etc. This funding round was led by BNP Paribas, Bpifrance, BRED Banque Populaire, CNP Assurances, EIF, MGEN, SWEN Capital Partners, and family offices. Elaia is based in Paris, France.

ArK Kapital has raised a $108M funding round to provide non-dilutive funding for German startups. The firm is already active in the British, Scandinavian, and Dutch startup scenes. More: ArK Kapital is known for non-dilutive loan programs such as the ArK Growth Loan.  The financing program offers up to $11M with maturities of up to seven years. The company provides funding for startups with a revenue of $1M-$54M. ArK funds B2B, B2C, and e-commerce companies. According to the company, this program is meant to complement venture capital funding. This funding was led by an undisclosed Swedish investor. ArK Kapital is based in Stockholm, Sweden.

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Dohmen Company has raised $60M to invest in food startups that improve human health. The Dohmen Organization was founded in 1858. More: Dohmen Company plans to reach over 5 million consumers in the next 10 years. Its stated mission is to help invest in startups that can help reduce food-related diseases. The fund aims to invest in five to ten proven food companies with an established market presence. This fund was formed after members of the Dohmen Organization sold shares to create an investment vehicle that would support businesses with a good social cause. The company is based in Milwaukee, Wisconsin.

Agreena has raised a $50M Series B funding round as it aims to become one of the world's largest soil carbon programs for farmers. The company is based in Denmark. More: Agreena aims to enable farmers to reduce their CO2 emissions and increase their profit by drawing CO2 down and storing it within their soils. The company verifies and sells carbon credits generated by farmers. Farmers use the company's solution in 16 countries and on over 600,000 hectares (1,482,632 acres) of land. Agreena claims that it has expanded its operations by 10x since 2022. The round was led by HV Capital, with participation from AENU, Anthemis, Gullspång Re:food, Kinnevik, and Denmark's Export and Investment fund. Since its inception in 2018, the company has raised $77.3M.

💵 Today's funding: SaaS env0 (California), offers workflow automation and management software: $35M A led by Venture Guides, with participation from Microsoft (M12), StepStone Group, Knollwood Investment Advisory, boldstart ventures, Grove Ventures, and Crescendo Venture Partners. Orb (California), offers a platform that enables businesses to automate billing and optimize revenue capture: $14M A extension led by Menlo Ventures. Energy Effy (France), helps households save energy through better insolation: $21M Growth led by Felix Capital.  Hardware Irrigreen (California), provides robotic irrigation systems: $15M Seed led by Ulu Ventures with participation from Sage Hill Investors, Burnt Island Ventures, MFV Partners, Anorak Ventures, Echo River Capital, Tamiami, Catalyst Innovation Lab, and Sum Ventures. Health tech Genialis (Massachussets), a computational precision medicine company: $13M A led by Debiopharm Innovation Fund and Taiwania Capital with participation from First Star Ventures, Redalpine Venture Partners, Pikas, and P5 Health Ventures.  E-commerce JackBe (Oklahoma), a buy-online-pick-up-in-store grocery app: $11.5M Growth led by GP Investments. Fintech Stratyfy (New York), provides machine learning solutions for financial institutions: $10M Growth led by Truist Ventures and Zeal Capital Partners, with participation from Mendon Venture Partners, The 98, FIS, and Barry J. Glick. Salt Labs (New York), enables companies to offer loyalty programs: $10M Pre-Seed led by Fin Capital with participation from Anthem Venture Partners.

Quick Hits: Introducing Wander REIT: Targeted 8% annual dividend and 14% total return with the first Vacation Rental REIT.* Impact Observatory, a Washington-based global mapping and monitoring company, has raised $5.9M in a round led by Esri International. Superfilliate, a California-based marketing company, has raised a $3.7M Seed round. The funding was led by Hawke Ventures with participation from Ventana Capital, R2 Ventures, Rest Seed Fund, and Sandbox Studio Investments. Presta, a New York-based digital lending platform, has raised a $3.3M Pre-Seed funding round led by Distributed Ventures with participation from Zeal Capital Partners, Matchstick Ventures, The Fund, TechStars, and Jumpstart Ventures. Trobix Bio, an Israel-based biotechnology company developing microbiome oncology therapeutics, has raised $3M. Sign up for Lemonade and have your claim paid faster than it took you to read this ad. No joke.* *This is sponsored content.

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Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords.

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