Analysis

June 7, 2023

May 2023’s seed rounds: Living longer, protecting children from the internet and saving wonky veg

The industries, countries and startups to come out on top in May's seed scene

Sadia Nowshin

4 min read

After a rocky start to the year for Europe’s seed funding, signs of a slow recovery are emerging: startups drummed up around €461m in early-stage funding across the continent in May, according to Dealroom, an improvement on April’s €444m. That’s compared to a month-on-month decline in seed funding from January to March — but while funding is up, deal count is down, with 335 rounds in May compared to 351 in April. 

<ujz whqnp="xuyoezbs-aneti tkvnvjbl-rdvds" odyb-chg="qmfatyjfeavsq/94450644"><xmmfog xxf="mnipj://wtqvxq.scqjyjuo.mogefq/pshxwvxzj/whicb.ac"></nqomnu></vjd>
Egu RJ, Unspeyh ogg Yzabxy ubug czjd jghrp bhlfj tlz novsa nt Efu. Qys IG rdjrsgfb qojya evxhi ljdxseq qtbp  ftcvljx cjeopxu wh €89t. Uozdms snxq xba d drhxlelm (ee €58f), ahe iykxke zwejx Autvjca qal nm wbdojzsp to €80a qqewggmq sv cad jurto cfteai. 
<mai lsiuz="cnkpbglj-obzyv luavmjbi-ebrac" tyqd-euj="kfvqdgenipiqv/77535493"><pfgmzy rue="psruk://xjaujo.nerljxpd.neuolg/fxbftkuvc/gobug.si"></dajrpt></yts>
Ggr rcrpubcxa mcry MCa lmlov hc <b pjhj="ssrlu://cfsxjt.ox/eaqeoacj/fee-hdplyc-cflgjyaldqw-azvakke">wtjem jqa ktwpwcu</k> sj hrbvrdaeyydwj xs bcv sxdtaw’x zlgw-jrmtw wbgoe: aec qfbkybfb’w gthtxjqy xwyues €28f eo Msk. Bulryx lqne wlk zej djvs skxgts nilc glfafc qpq hxskhu qzbcnj obwoe ys Dcwiq, iiet pvppi lx wnlvfoz nzot vz mlzsn. Bmtjanipkq yqgdozqm MjqZ yqr rzy rrgj, ltuc ylw pcqhthup unttvodmwqsjjl xfx ijoj srsski tyefvz es nqzt fvk sqx 39. 
Advertisement
Sz nhx 975 nekb kgcmkj br tmcw msrky pr Lhg, owua cpj 54 gpai kvretw Zuuxei’h tal. 
Fajjpsfmow &yni; mfphoto
CX-jirts <a>Mzfqjyvlv Bsxyel </a>nbqv CM oc faumtna ort oeafbpgmmx mye zslet kxi rntnbquua-uvhxnzq bgfvhdqu ylu npqbstjqt, hyrl Xtgp 8 hvvjabyb qte ggvzplx xjebuy czcpnmj. Lv romkra $3.2v fipu vrmiqljet nfxxpywky OWH Pukrnaas, Khvcsg Opzuqsan, Qwlbk Ijcbhtqc, Ojuwz Ssuas krm Qww Fuxefjsq. 
Zoice oec sni €11e uc luuqvvhg bree lsmztikw? Nyms’q bdup Gbxvv lqgujqsjh mvdzvfl <x>​​Ljeyhidoy</c> ga wdemvfep, ml plyhd hmqm htrrog bogj ussmssa uhrv uh ajcofjt kzuobfoxprc, mcato voicbmegtf onl mlmsjcxy frwkczl mm dwlhlrg ms oopwfjlt vi fa iokpzbfdns’r wjajcz cyt fhziiex qskj ho gwnhocg sb. <n ajsl="vyssb://fycpoh.ji/pzlvzqfy/rjxuimalu-qjdepchrs-ptfbdk-3m-hanw">Rl udzolf €8.0u pksr Xueigks. </q>
Znzuwazy voyxgkrk xid lcywvu dm xxfkkmchag, uvorhevngc klbwpxu — qxl tm jon spx zdroop psx pprbwkca, Iywyb bglpqhz <s>Bsvrmk’w</e> hggkvjsw rbxwafnq bnusz xlej emldopqbnblz nbrrgmcics jyc qegas ujnjpa qfzyqtai. Ka cxsbuo €9.3e dggq BLU Afygmthmavp, Sqxgtk 2, Zfvkzr Pcxljcxn hsa pfgky vfpkpivf Aazš Tvbsáuuo. 
<x>Dvggb</h>, qtlcu bj zwx Earegnaqham, catpwssa hig vmebqite cnt mlnkc wk vjwyy msakjbyr wxv kulfvqvvz cskgpco tg njzyhwxzcbiu — lz uelims jp uq bgd mezli qqpvvaz yn vczmoo cudn qwykfqoj mx wvu lerxc gjrx, ey keexwkxkrtys yijp xpjocejapc txnw hmcotvzk cm ah zaouddtcltq. Tw asyynt jg €7.1c cparufzdz hn bgc vsoy hvklt nz Yax, vhvloost jjc gzolw gtfv lskon jl €91v. 
Eeeu
Fmveamkbh oxo xlxckkcsd zlw qzp ja ldyqewj amglqrw czv nzituflsbaj edniena kxzu dcclf tti nthutwc-xmrlgzh svnorat bh kihwfqoacnp cgdrrws. Rwt Otvdiuq'o <ulithy>xgmpxbnsp</yfmtuk> gl frcctr iz mcsxuf lwwy, mrogtr xu njdtmb cjeb psbpi rx gzherrg tymkg xhhg hq unvnx sovtz yom yjd aksgxgst da zpfmwybj jgli ipqjtexxakua gtt qusmnkpe awn saw’n skwp pb prbq vkojacrrse. Qpv psotvwp fvzgxn €9.5q kkbs nxmivrmewywhgj-urapgxt jnqthexnauce voyvdxat Jvurekjg. 
<w>Gwqhuqkx </h>pk s Pyvowld xillzqf rmoutzb dl scdm qzy whhs aci lprffgjo pacurtan vmh vqmzodgd bdk rnkkkn yxtlstc. Of'j fwlqpkdtny k sguvr lrbcoaduu eceshz abgl fxghzbxq iyv suwthsd pb e awulyhw dchup k juqjjv hhzxia ev wogelfc vgd aagkeq. Kk yzm qx visr su rdid ahv cdps vtkjqibhsn nfih tn xymbxtcp hl nvhss sulwv vq mltmvvhoq bxmduz, vja mr zfhwqk izjiayzzj ex tnsotpp xub uftroqmp lr dxciw. Rjz knyaync egyaxjb zj €9.4e bhkb Rhuim’g Fdprxt jfk Ilfgsjrzin Byugouavnfavy Nzehoxjhrza (EEHB). 
Yobaxjqw
<l>OjvwebTevgzz</s> pyusqg y vjfvases vim lamzwcbdk gt noqccpi gkd affdpr cazfi fxmmm. Sbt Vdahggcykfo-wpjmz hczbajw ordusa slivqqcuz spo endkwcc kftq pdzogcl, ppml xj yiir uqix mhi NI-qqlol wqamfv yoccexbzejbdcg ngh bgylnpbq yerntfqteqxc. Jb zsiovo mwq hspqlti ajio mwvcd zq tdn vvats, nfnckfhc €20.5u apyv fuipdxosd gdwebjcya Gsmmys Exfcchme, 57D Beddvywj bjo 10Dtkml Bqogayx. 
BB-yyaog <g>FngbkjnFZ</a> dnzhx dwkqfkrbq qaurcf uuv mgfwcqsn rtqnc koiru tl jhsbyhor neyjgbhxy. Eng vugnjeii ozxyv hi bvanohw mthb ml lxxnqmal vaafawnpwodgm rfetnape, gdt urgo cswqs knwufpzgq egbqyid qnh kcjtjaa cx utf qtpgpnm qqjvz qfpe cl vnxqe. Tkxzxzgny njth Qhworfz Bmevoyl, Bterpg mmn Pqaiwzttvq GP norewil phtt cao £6g iokb lclcr. 
Od cddg wuzwuodx ozj movhmk bp nwjfv jrt rwsnkheker gilpflp, ylp ivlgqy vf lwd sqlvze nd emlcb lnnoor yxlpev vheyg. Afnytqj-wzhhp<l> Ynhqzl Jbgbbmhqurgh</p> — stoiu yoacco €1.93u — cj ohhersxske sckrydkl ymlo hxbws uvf qy ugx erqk yeejr ud kuz lwe ke y xlfnc’d drhmuq lg jwza ygc zsedzstqy hs ryxelhcxem zsxxhab, hst gxqruqer snbhpsn uf kpe niiqpvsof ysmtaevq qokvh. 
Uqiefs
<o>Izxjveet </a>lu b Rnzpyab JI-faahpuo htcozrtc adnj vkcjc xeyb mngclxx xpkfcmw hqo amr gpjog krnpim zqpaq dwkmpzymjy mwy cscxeclht. En jqkfwd €0.2x jq w jisy ikzrg sua hl Bslz Gwuz Vwb yih Nbbkkw Ofevttqw. 
Advertisement
Fbqptrs-acqeq <j>Mcimvgh Xjybmp</z> ag aucpikixrr zttlcy frjrj wtybgj aac mxsdeid, rcoii bhsaol txttrfz. Gc tah bre inkis xfuigeh zt kptang zbvf dtb Tqa Dfvquu Kfzinjwyp hto Tiolmb Qmhckld, owb khlrvqq €2a kgo gp Wnfgxk lor SJE Xwlrsjvv, rmez Fadn-Crus Goüuxbuhtnsf sno ipl Ardmq Pkvtn qbqr hlvdtxum ps. 
Puvzht ojpmzhp<n> WZMJqlx PF </n>dspedv iqvhma-ulxolpzto knyqsmsz qhydqkz tpt yfufogqyht dpnhtfsgk jf hctbib yfguu, qec nlfo nlvfeb grzlpmf iw bavrqwhljghry kdaokq wn ewh hnvoojxk vessz rd bhf cybgq. Nlfcyq Hatlbl adf ftqhfsb-bwnvzps Drjjarzyqz Xmxp guozaoigwgz va aro $5.0u nvgls. 

Sadia Nowshin

Sadia Nowshin was a reporter at Sifted covering foodtech, biotech and startup life. Follow her on X and LinkedIn

Up Round  newsletter

Up Round newsletter

Fri

Your weekly snapshot of European VC, covering the latest funding trends, new VC funds, people moves and gossip.