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Investor Insight: December 2024 portfolio updates

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Oana Ciurea

· 3 min read
Investor Insight: December 2024 portfolio updates
Startups across Europe and beyond are making waves, with their sights set on ambitious goals, from scaling globally to redefining industries.

The ecosystem is bustling with innovation, yet the journey is far from smooth. Some startups are thriving, while others face existential challenges. Let’s take a closer look at the highlights and hurdles shaping the tech scene, this time in alphabetical order.

Adastec is making strides in autonomous technology by developing next-generation driverless systems, particularly in public transport. Their work demonstrates how regional innovation is contributing to global advancements.

Authic Labs is enhancing supply chain engagement through a strategic partnership with Open Food Chain. This collaboration aims to increase transparency and loyalty in the food and beverage industry.

In a bid to combat food waste, Bonapp.eco has partnered with PENNY, one of Romania’s big retailers. Their joint effort aims to reduce waste on a national scale by integrating technology with retail practices.

Bunnyshell was recognized as a "Key Tech Provider" at SyliusCon 3 in Lyon, highlighting its growing influence in the software delivery space. Its innovative platform is streamlining development workflows for businesses across sectors.

FieldOS is transforming agriculture with solutions designed to optimize farm operations. The startup secured a €500,000 investment from BCR Seed Starter, providing critical support for scaling its technology and driving innovation in a traditionally challenging sector.

INKI.tech has seen rapid growth, tripling in 2024 with a "device-as-a-service" model that now serves over 400 EU-based clients. With contracts valued at €4 million, the startup is setting its sights on doubling its revenue by 2025.

Ondato’s age verification solutions are gaining traction as stricter regulations emerge globally. Their comprehensive report mapping these changes demonstrates leadership in compliance technology.

Sessions has announced a temporary downsizing of operations for 6–9 months. Despite securing €3 million in funding earlier this year, the collaboration platform is focusing on restructuring to secure its future.

Unfrosen, a Romanian startup spin-off, exemplifies the value of adaptability in the entrepreneurial landscape. After pivoting from its original business model, Unfrosen has reached a €4 million turnover in 2024.

December closes with a reminder of the highs and lows inherent in the world of startups. While some ventures have achieved remarkable breakthroughs, others face critical decisions to secure their long-term viability. At SeedBlink, we remain committed to supporting these bold innovators as they navigate their paths forward.

If you’d like to support these forward-thinking startups with your expertise, network, or mentorship, reach out to us at investors@seedblink.com.

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