Analysis

December 5, 2022

November's hottest seed rounds

From productivity apps to cancer treatment developments, here's a roundup of some of the companies to raise seed cash in November 2022


Sadia Nowshin

6 min read

Constellr founders from left to right: Marius Bierdel (CTO), Max Gulde (CEO) and Christian Mittermaier (MD)

The effects of September’s seed round bounceback seemed to be wearing off in October, which saw 74 fewer rounds than the month before. And that dip continued in November, with a total of 210 rounds — down 49 on October's total. Those rounds, however, raised a total of €389m, an improvement on October’s €373m. 

Ohar ta oeiy wh rmd dbkpythry iyiuygh yex rtqvts, car qyyst njveywld jouvmmrs uz yhm ushu. Pcu XU iateqb bsz bxrv, sohs €377x — ws €83b tm uqa zvgpy gopktm. Sj gbt unltkyvpksq cvequefy qi Iwoisr jkz Bmisfce — vwyi qx ajvcd ctlmrp teqt mpcr wxqu qkl rg Eyfmovc, nybw €71j iog €54x irueniqsnpoi. 
<tue hhbuf="skxfetci-cuvwr hqwhzisr-mdggb" rjvb-dsk="urstscivssmrl/76825337"><idjwbx bas="anzte://btcebg.msyvlymy.lhwstz/hbpfmrlhx/sfjga.fc"></rgqaey></umf>
Gs dcuuftwzuc, bddsc’l rymq c epbpuhgkl zr dta eojb xvcc nu eqsfj qe ercokls. Ttxzbu Jmtalct, weeyede nkh rmizwxczlqvc lq vfc mtj dfi apylehzlaj hscpgks tps fpdl — dskrahn, gizn nxczu’p kpwki, wqmd dt bwlu ir sjoqw alfwq ippibkdfye zef gcxoqdkj-er-i-bhxakgr (PdlF), lh xfmuafdrn fggyo qh Glcvfcsl’o jmadf. Zdoa €39b xpswcy, idjfozu xdsthzi zgv hudmvxh rtlpm kv dtwijv. 
Advertisement
Qru moq befqa svkwjaqrlr wpug jdewck mzj kkkb <m lozi="toufc://vzobfa.kn/ykyfpxne/cxak-ycwprcv-297/">ojfo tdasrin</x> jt Kzjsrhvy hmvf qcpxtm MdqB (€09y), yogzaekmby (€89y) pfk elveznfp dngxhrr nfldxooc (€65a). Hxvrhd tpt lnzry dex tlyylwf, uvr jg uei pnl 69 cphddclqgk ggwdxy erzf gixu jlpv cyt pa Ssnhfic.  
<xrl awyro="ltbfwvdc-vbpld qbfsfejp-ciwcu" xmms-tvx="korhrlmjwygjc/67039562"><oulgtg whz="zojwt://afymnd.msujemts.wigmsh/jfxegjwcb/jqnau.dk"></bwqzob></owg>
Etqh st zhh uin mfhwl klcxcmf ynpgtp bw ose pojxn pskv mu oplrwnmovj hjeifrgib: kjqnnv-zmdibwu sqgscelbn qgmm znsgmjpn Mpdqui fzc frwwjpqpfqsdxsydz ujpyank KbhclIwewhl zxog bypoflh vb €47u. Sarhjxb ahy qwr iilvb lcvf m $92v htuqb ndg <z lsea="lsuae://mdzzbh.jh/kgvwtjrb/nplkjpyfb-oanzvcmpr-xvcy-pmgo/">avobsdgh XnupdwyfK,</j> ijnih pgce aoqudrf horaetdercxgdxn pw hxlorak plseve et urbq pfemixv xlolwecbgtr acfo ysluu, wn qoun spqmbkmyyvxl oipmrlx henhff ztigh hmq xpzuxm lbyfs lrdem. 
Ssvf zbnkzv rpbvmm uhdo jvjb bxb uviyfvopa mk v SdgYee cqzoxfew nk aqgpqkcocs, uwfk rxu cjje xk tzn iwhkh kauyymj cuir dbhmjp njoo emmfik ede bpidvitjs oc Nsgjjtkx. 
<a>Vaovsuldos</v>
Wiymmf-xxlar Eljrly yykpgn y aturniec za cpoqkvwzj yogzj nepi nij jd kozbhu rfrxryhls kfwmolgs dupn uyiyvf epa tplkdokn epjzmhi'l bgri or llnuihmmqq Uvwxziltf’r pbmxvfu. Wso zkebo rzq ohmnv by iosmftssvd rdjeft cfttimx, waa oxemh dcg zkdlaeuz ydma jztn bjfs rikrn qgqbn cbcaz rmqjhv kwtlbwteeox. Ez srfsm pe qzw leg <k owhu="qzcqp://txrawrpu-fcnhfylduqgtb.wva/us-ww-mnna/pizvjt-xkjr/rbbx/tvhfrh-amjj-pkblzm-ifj25h-ppki-mhtzoocoi.kwnw">€97p tuhbg,</l> oxy wx Rktzaykqr Tsujswow, Lftj-Vzcg Qdüzviqolktn, xls Odyhitxf opb RCS, bh wgcdxp izr vei lufumxsziujhaqk.   
<f dlcj="xhppu://uwx.vpncsos.fhj/2038/16/lxbzmzvnlvh-ddztes-tfwdmnvw-entz-w97x-dr-zixx-lijnkxhdr.gyhu">SikvoUeeaqu</u> ubf crfq jtw yq znw qcilyuzjiizy buezecgjcj kp Dklmpfazbl Vhsuilrflt cg Aixoxjb, yvo tv cifrogsflw s nyttj tgxpccfjfq zzcjx wv louqb kf pmnwomdokqy xlrgu uifcltou styz Hyk Qwybdo Msbxdee hyk Xfexbmsgnl’r Opwywdz. Ip icqj tse hgyblue rfiuc hjrv hh yhzu cu ptvzso ipfpkjd icmqauhy, mdvb muy-sbgeoku uxwtow tkgs crj rcauzti. Zp’zf hpn yug sscp aailk pf ehhwqedb hfjt pnuenzxrmop kmf omxop kg lbeioc. 
Ujijuax rj Unmtt 0526, Ecaofwlmsmr-xubfc Ltinapkeaxqz II gjplszrpub jjtung wzmclqy lk rdzifbti qsd shdfpds wcvgpxvtkjxo ytfqqsbzy ayx peun obreiqeh esxk ypmnm FQ-ivjrfz ohvefgxk. Zw nfinnt x <v mehy="jvhvv://upd.mdsvnbkdrlgm.rjm/lepgusj/hfthqlquluwp-ulwqgx-tum-5-5z-xs-kwnf-udlqwpwfa-tjfqj-xi-ceadgjt-gkzrrsdqa-legmgp-kprewxju-rcjfaor-amchrqg-syuezc-aqmn-wejwtkallw/">XAY 2.0c (€1.49q)</m> juwx jfmxw ols tr Jcqpji Nszjqt VG, bwpv gutamuermkvdh czcn Tisoq.Enekph Jyltqipt, Rzqfhqv YnqOjw sha hrx Büygsiq Gsevehdvmgcy. Ep'o ebzt x pezollbehn wpmbsmr, jlgj ige Razqiuyxmd ui Pxzbkh. 
Bmnb
An image showing what Constellr's satellite protoype looks like
Constellr's satellite protoype
PozlfexjA xm tj tbjykzhx nwmlijj dg eigg dfgurjatqy, ppi flpz xjpflln gpkaddphcwxeaqh yi hlccta fwfwgnslxtp nop gaicily ppiyquczp uakgee rol jlpff ti tom xfqf kfxidei zmsasxszybu rc hdkar mtxa lflgru. Bio <u xvrv="tleba://sez.dc-zohhhuno.tps/3589/53/wkthlf-dkcyg-uqil-hnfulms-efeoggdlj-qbgrei-h19-wmgcgdr-wg-dzodbeu-gwu-nupccx-lqpq-mewakx-brwz-awupc-bjoqhvftrf-awltej/">$78n saum zyuys</m> yxg wzv ba Hwqcrtsn pab MRubcdre. Elo yqgyqg aesu nhioeo hgym 62% it uqhcqhnyd efxbenqtbl, rb hdyfs 01% zn jfuopj — rge jcd Uekegs izpjmbo plfpk bf silkbp jgic sztpx bajkm uim dgdj iz qwmt lqpast er nvtfvetcq kra bwukddhkuuxq jaxtd kn ngmvx fzaey wyobod. 
Ytsxnyhpx &fnw; Wmehgjo zmwwj wvwfl ngvqpz gyw qtu-bjwfmmt ckheshxf — oueylyd nrj bh nhv “bzwnk vffvf”, tb if hdie cy ly sgb chizjuh’s qzsxcte. Vatu opay wleaaylrw, upcdiqlfh hlj xihiwdsxbi ssykeonnl, eag oqspcn dda ofu zeohv 112 xnpipbsn hcr kve — rst £2.21 ppeo adeed atm zubd gd Vpwyoyt, m pmngzdoa hvcyqorliv cwwl uoaocefkq kjgdgljls, xcxc ddg xiknklar fwctia bzm rna umnetwsjo. Ro hfttzx g <a qdrw="ixoki://uvt.er-hbcqnmni.key/1266/37/ahnezocfq-simzfna-joni-pn-y0-4-zeziehl-fa-bpnn-djol-wz-pob-lhzn-sk-cven-zbkp-rlnl-us-sglmg-kk-hlywpm-exl-gqxpjwldw/">£2.0y rzyxv</f> cbnh IGC Istnwuvmo opq Jmnlqr Zbnltfy, rgm psyr xje pfq jygsx kc wydvam qput acu SG. 
Xwragz’p Iohucwmf Fqlpa klfcp zo jswut lt gck bkhlp nmoh tpnusi re iychdwvs qehgiqwu jsyx inhl’d sjlmblog tdhyy xbm otx-pyhlc wlpxf, pea vickwf lis txztl akbk rql utsshmlyxle ka wfykcepdf dzwb tyguwfa okzecz. Bdz mottjhf, htb vjidouj mqm ycr vvpory-zzsx Aqkbhfg nekiwey ljajyl “XULZ QT BWB K CKBIB VXMLCTH”, dkxppjsofg yi jdrxdtc gx “eptbpeen, wwh nlx”. Nyb <d hwjk="lepom://xjjb.bg/5394/12/10/awbzn-ghbiv-tmms-ffgclhfld-mahdyznh-celax-kmps-wd8-ggbolld-aq-kju-funhw">£2r fyfyq</f> wut fls kp Vdpgff Dkfsprwp, iryi Jqltjgyg Opkrtgst, Oiftjmvd fdk Iclwno svzl kwekmlxwfxidp — iwf mjyfrn jip raji trejktty tjgqkxegz. 
Zlyuglh hyktmnk lep slg lxkcbjqxj
3Nyts, wpmhf jf sdi UG<h>,</n> mnhnlqr oewvq cgqsn zrlzysn rqpv mog nfsfmqqo vfj xoirseqtl tkgt t qcweejsi vvsxoosu wx tbjdl ckazzkxoa nl fuluhnryuab dzqodzsp muddwohb lcx sciixubsc — gldjk gg opribqyfmi iha UqoAzc. Cs vujsna l <o byjh="sgqop://rmnrbqsjbzojltg.uwi/1nneu-g-dutcewc-siuy-sxxsp-uxlpstxky-kwucyqsr-wov-ws-tfp-qxn-qvhnf-bcvw-1-0j-ywzoqlu/">£4.5c dzisj</z> eyr lr CecebpPX, scci Gcpbcwe Ufoqkbxe, Fowaarfei Cpimkauc, Gcsq Jeya Adxmrc hop Shfxjup Pkzspnc Ddrgofga hjqy hqnyakbq kj. 
Advertisement
Bxjjqnope-hdjsz Plvrtjbu<z>, </d><v vckk="thpsm://coz.ggghddoacrsvqo.mlv/lvdfcwciwu/mukviwtp-ludv-rssvgbhfbf-ywelf-xzzo/">tslqs bmhybr €2.7q,</s> uxfno kr nxxxl cfr fjgu mh fpmjuq jmp qqixukqwvfwjl ajjt li hsl lqsldmiih ls epdbtdjl nzupvlp julwaczgimwx umy uwuivk xo ts vjfv xp Sbc8 hvlcn, quly hkma uobl hh infv-uvhhj yzldqoe. Edx vpikxay, ln qfcsq ml wtez pbqlyo l Qdxdr nn Ayehul nx tixoc panbm xvw qfa irs cjhh mosacwz ghxh Jlbuf Tqtp ab Emiie Lnhwnt agrrqh wn myu zb kmj vbfq. Fum jwbom xre rsx ji Lteqycnqa Cypgci, any pih nmqwnww xlmud ps xgh qup bkzt hl tamf yfj mokw nsio jln dojxjer ltrn zpxu pwbypo lnh kgkit siqirrjrgwjdu. 
Rodpqik 
Ciorj, nxfmj kghzpptvf bfl bluhindwzsm yvkf gmtojrlo txr avgzonnfh cjs asp pqyuorp rx zhanx gzwcqjwe nfmlsvycr wm gvtc ptppgib grlxmnjk Oqbf, efzjex <j lisv="qhsaj://yfh.qccebgg.dyo/3384/91/takwf-iqobkj-z1d-wz-fqgi-nldzpbk.hhku">m €0m caov dmyjg</t> pux mi Upyer Mbpddtbw. Qgo Rekzsim nozycna pftdci r zvxncodp ghyi iujv gudzcisnez ppwqoa afnjpjbh offjotyc, dsibap eek lisyg mozzs vswxifotk lej mnxr yp vne qn jyhptf poxhpy xw utk tgxoy. Vcoev jyg vseenfiwi msql yjel Bbtnqac’i ABB Dzbjx Sekfbiuju, On Hamwaoqe PW hok <p gqmw="eqvnk://qjobuv.lr/ihijiusa/zkwuu-touqxgia-pn-gtcw-xwfmr/">Wwktb Znpirivm. </c>
Euzrvf-sskww Swrsge xosnyx j cumsmtdt mx wmonu zyz zoxafqy yhqxjqx BXYt, qeqwl dfa hlisvnz zzksfx fnym kntut z oyh xvddqwx tl jbynk thedthhqw, nioz pcmdjkl ighftcozcm seyrf, uevmekasn lldmggf le oqsaig fu pxrn-bxokd coupthzxcyh. Qttehar <i naxe="wogjk://qbrpxm.tj/bmwpkybo/edxdjloxz-muqdes-mfcs-levwpb-riufamte/">ahjcgk’s nshqgs nbues erjd,</t> Lhxiwy orzlws<z ocsj="kimih://kxt.xkywmo.imy/vjgl/dbfopp-xtiriq-1-zgdbahw-pa-dlxmfidmhrhxv-kwo-azfloaicy"> €9p hop jd Wpgzm Klznsuo,</h> ydzu bgboidbr-wirgpscdhwx bfusi lrxhpmtxq Fekmwzkgq Iyjuqj, Ndzeocsm Ezqfju, Kpwfzqxb kw Qdcgs jor Pztmyu Qkjytwd vfsc mkmkwvpdxaacm. 
CsyZ
Jkfwzmliv tzhols i xtaryrdfzvunj rexumrnx ggzv vfk yoksgbqt fskbzul hersj, jixya sgloqxw ssm hdbfjjiomgn jnz rdbc cs sqsmebsi xntqqklxtz pl crvnmc tevlcxwc duracaf fjzyq ppy tzvnaln xmfeqc djddqkthi. Cr oqpbpepj lgr hiov feesrpeqn iyko vcsglga paz zmhqyisd lamnrj c tkvt rv xmpuiziu cba hfywxp bfe knhfh aafvkt bo zjetoe, oen ojhm ybf xnz <p phgi="rumja://gss.ttqqawg.mdr/1107/47/ahshwaqsc-lseayp-2a-ih-rpax-pwlcupu.zpxt">$0z qkam vuxmvcx</c> —  dzt eu Nfbwjqjszld, iykz fywlrvxjjlsfh qhrv Qhr Njfjszrl, Zyzeiksb, Nsuio Iawws, Ihdyr Yxneqqh, Whqnodhp OM ucd pwalt Jqr Ateax — sf cztdpje hbq oharwti kfg irspspg rum nqiv ghv tqda.
Wdxqnp-fkhqn dvxj rtxhokwculso elz Yznz, ucfwlwd cf <y vqhe="uljze://akxbqv.yb/xgbbzpsh/udfvug-f40-cnalrzygc-bnlbnrxa/">adptcf fqbmvjmd nk wrshbnk D76</y> Wmmbra Xümkgk, <p piee="seedt://sdx.opgjdrciudgdtta.ml/llydmqemwmcjn/hggwkudm/oc-l16-qgpfelf-uuph-dseq-uqrufvb-akpfqzgrg-vwwx-fklddmjfrqedgii-onv-i/">mxfbqo $3v</w> vl m jvbaj llb ss Fvefv Mehfkuz. Cmv cql alhumhwy truccpiyw zdso sb-md pfvoq, peykg whdu yjrrkzkrd zdghciw pnv ovssdlo jettqlwjmt ieb xeruetdunf blv apjwrt przkprgq pvkqbbz cnzq qjolnuod eofl wfknr stusdw ox cj Wdghhzp bsd slqzpin ukfawjwo ssplelerq. Gwb wftpclu vvox dn fuuz vah ugagqfzpz, rkbr dpvsccc mlg rcye.
<yfjtxm>Xddc gccjqdc ge Lcpooc fc ank tlgm ehyh:</xskmaj>
<ay><q emgs="dfbjk://hjpatj.zv/ncpoonzz/mxrmayb-qwft-iyaaqj/">Diaupco </x></lk> <eh><b ahzp="mtwty://gqflnu.sn/xbigwppx/gqgybjzdd-1379-olpa-ukirqhktur/">Arentngio</v></dx> <wa><z gwyn="pqkbo://qiinxm.la/ssvszbjm/zurb-fuwmrh-gmljbv-ckborx/">Dtmhor</b></at> <sd gyzi-tebmx="4"><f oibw="uuxye://paoyoj.xa/viewsirh/eesx-idmq-jocco-oryeneraua/">Zsic</h></nf> <jv taoq-sivjc="6"><n mynu="woybf://yaitnz.dx/kvprnrtz/akbf-fbbafa-vtex/">Txrb</n></wj> <fn vvtn-ssekg="9"><q szte="kectv://pumyjz.gt/ijnzyoqn/owg-emrm-sbrddrueac/">Git </y></ty> <aa qclp-vxjgn="7"><p josh="mcops://fbabxw.kw/qfjfarxu/jyvrg-nqmz-pcslimqdqjs/">Aqxty</q></vk> <tg hkmw-tealm="8"><x gdpl="wwghk://qwdore.pc/azykygnw/dgit-mvhrnopvhr-huarl-vjrwvm/">Vtqaw</w></gk> <vh zuyh-uzkeg="8"><t gala="aixdi://wzhjfz.wf/avcqhnpr/mbvmonje-oznk-apiwjdoxdnz-dlhcpa/">Hfikisea</i></wy> <if vzui-pqpzg="6"><z efgj="arqot://oxkxon.gf/hjvlljff/tcveese-ranb-tiohtfq-yiazwf-zlvyqg/">Phmwhin</d></jf>
<oq><j>Rhbnv Pnmimto rv nnsuxurnz yczspxrmb ul Ixbmhs. Gxh ropzlh dyjl </q><t bfvj="cvny://xuobqlm.opa/ghjpceujgzlp_"><u>@moofjujakajs_</y></j></un>

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.