A Virtual Events Startup With $670 Million And The 19 Other Highest Funded Forbes Under 30 Europe Honorees

W>hile 2020 brought public life to a halt, venture capitalists cut checks at an unmatched pace. The 20 companies on 2021 30 Under 30 Europe Big Money list captured some the largest investments, with all raising upwards of $10 million. These companies range from finance to science and all have an Under 30 honoree at the helm. 

The list’s highest-funded startup, Hopin, has attracted $670 million from investors to liven up virtual events, surpassing other Under 30 Europe 2021 companies by the hundreds of millions. The company, founded by 28-year-old London-based engineer Johnny Boufarhat, has attracted top-tier investors like Andreessen Horowitz, General Catalyst and IVP, whose checks have given the two-year-old company a whopping $5.65 billion valuation. The company powers digital conferences by mimicking in-person ones with features like reception, expo, networking and more. Its clients include Twitch, the Atlantic and the New York Jets. 

The second-highest funded company of the 2021 Forbes 30 Under 30 Europe list is Finland-based Swappie, which refurbishes and sells iPhones to customers across Europe. The Helsinki-based company has raised over $46 million from investors like Telia Ventures and Tesi and made over $100 million in 2020. 

Not all is positive here. The highest funded companies of the 2021 Under 30 Europe list are male-founded, showing systemic oversight of female founders—although there are notable exceptions. Take Yolanda Schmidtke, the cofounder and only female board member of Berlin-based DLE Group, a real estate investment company with over $2 billion in assets under management and about $32 million in funding. 

In London, Charlotte Casebourne is combating cancer as the cofounder and CEO of Theolytics, which has over $11 million in funding from Epidarex Capital, Taiho Ventures and Oxford Sciences Innovation. It is currently developing a virus that has the potential to kill ovarian cancer using its phenotypic screening platform.

It has been a good year for biotechnical companies. Jesaja Brinkmann, who attended the University Medical Center Hamburg-Eppendorf, cofounded Cara Care to serve as the mobile app destination to manage gut health, including irritable bowel syndrome, Crohn's disease and indigestion. So far, the company has attracted $11 million in funding from companies like Johnson & Johnson Innovation. Brinkmann cites the pandemic as a breakthrough for his company and other digital health platforms. 


The highest funded companies of the 2021 Under 30 Europe list are male-founded, showing systemic oversight of female founders—although there are notable exceptions.


Artificial intelligence-centered startups continue to pique investor interest, attested to by the $28 million raised by customer service-centric company PolyAI, $38 and $15 million raised by AI skills training platforms Sana Labs and Userlane, respectively.

It would not be a 2021 Under 30 list without a buzzy blockchain company. Italian 29-year-old Andrea Castiglione cofounded Efforce with Apple’s Steve Wozniak. With $18 million in funding, Efforce calls itself the “first blockchain-based energy-saving platform” and functions by enabling users to invest in small businesses’ energy efficient projects using a blockchain token.

For a link to our complete Big Money list, >click here and for full 30 Under 30 Europe coverage, >click here. 

Source : https://www.forbes.com/sites/alexandrasternlicht/2021/04/07/a-virtual-events-startup-with-670-million-and-the-19-other-highest-funded-forbes-under-30-europe-honorees/

A Virtual Events Startup With $670 Million And The 19 Other Highest-Funded Forbes Under 30 Europe Honorees
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