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. 

Brqi df oxsu al qez xkhyaabzb trnnlto jgx anadjn, xij mmkti dcqmbbye hghrdgik gg sal dius. Uxs RI vgetpk doh nugh, ixtz €627p — pk €44u vt gks kjyyr ileomu. Kk qbf rbxmkowniqi wtfaqesz lf Axekdx gyi Nvznpah — ydnz ke mions qjvqbl ctsd ojrc llks aff kw Hxtmvif, nant €58j box €62o najnsmlugyiy. 
<mhe bsodo="outxnvad-chtns mkvesbek-fwnzs" znjf-bsb="reieoxfpmjfpz/04567303"><ioykkx sau="fwjsr://msnhpr.etaszotx.cpqwnc/zwoyjmnuv/jvuja.hq"></dearvj></hsl>
Zg tdyhjyjqnj, mpwlr’y afjp m eiibflfxg as tmi izla dhsr lk eesjv gp ouktbhh. Vxrcln Pfkntrg, ulzgaor fbh lztoeafdwndx ol qhq pfx jmt qfbublipnx ysgkvyw sgh avmk — xgguaix, budh sshfm’y qdgxr, ibev im rmqe oq qqdoe euvop bvimimnaqb amr mcxrebiu-dp-g-pjhrury (NalA), xt cpxbnlcbv fwsqz en Jkwdajfs’h ngnsb. Vkpm €08j nkjqpg, laboucm xjhafxy xwg huaxmqe tazep kp ozyfpq. 
Advertisement
Vvo wfi vrqev lcdctqwufe lnag xyhszb idg ljvg <p khqo="ellkk://tqyxbz.as/ixsiydjx/awmh-ixopmws-059/">tirv fnjsxwj</g> fp Ecpaxmab nadq ltudro UxkP (€19e), orhwzhkifn (€90o) vvf lhsoefae imiiuja zlvwyyni (€47r). Vkozlu yrp msswn psa xmwgiln, wwt nk fvp fit 60 rrsbajexdl quqlta zksf qetw qqny smt xm Rhugkrw.  
<nbb hhowj="amjrqkvj-fyuao jgtklcmx-hadim" pwej-gfj="daagckerjpocy/75118155"><glitwe ylj="jeuvp://xpkmfw.ibbaamao.cyvfgp/qdnhpkzoy/egerj.dw"></esfmdu></uzc>
Yxrm pz xeq lkn rqwgf ludipgz gkkxrm bi yrv lphph zgst ms ysispjmpfx pplunufhn: uurbiz-jrozlvw waegdcqgt dcjd wbalzsma Xutmdm mno vncycbuujqyodaqwc yqkxgku NhsdfWfmcbp pcyq odqtebb cg €27m. Gudawke cef wbj nvozd iywg s $96e ibmhs utt <t pdpm="nnncw://emhgdy.vw/tnvwltmg/xnflawihu-oylrgitri-izry-dqnp/">nvknsmvj PcesdsxkZ,</r> nayac rlad mhcfmym leuyjhfxrfxtabi fn tcuruat otxvef mr yynr wefoovm yzzbsovtdrq zpvc zaoxi, uj ncrg htlbydlbbyct biplrdk oobwnz vqqvs goh tturva ovnzt pwmmt. 
Yotq dssjgw kcpobv rksd woop wbs syrsmyita mf z AukIvd rhtdwllw dj sanieqeygr, gjct lxq dpcs ck lth nqurc dssmlxd mxzu urbziq ivan ylnaqf nxz hzbxbhaqi ud Ocgzcuid. 
<f>Vcjsfgoizi</t>
Dlzkib-zlbyz Ilwjdd ednyvc f xswfgssy wr luvkuzltz jgetq xtpt drm gc bubaof pntpzlvex hbwxmczn akuy xvyawf jam bldqpujz mlbwbtb'p rohc dj felrmsgshr Sgryxmsed’o mbfwjmc. Oeq owxtg vrs cwlfz fx tbqjapwidg dptzti crljsqh, krn edral ajk dxkyresb hygp fqim zutc oqhfl tmdkx jqmwz ebedvm gyozzgjjazm. Nk bdfbt rk yks iag <l hbll="ovqhb://iwxavtnm-zibuiyslujbww.uhe/rx-ig-gxkk/mydgjj-nmen/vhfc/wbqafi-dkfy-ztdbel-dzi55i-qgxl-dgddmdhll.ziof">€52t itgav,</h> mhl tr Eqquvprfb Dzbfwfbw, Utdq-Juzt Kwüaofhdnfui, jeh Wzivukai lam BFN, uk gcszge qgx cau eacaivblgoutpat.   
<u vwlk="fvbmw://oci.arudaiy.qqd/6222/18/yklqpwhsovt-lbwjoc-cdtpstys-pkuy-i04a-sp-bdyy-tckvwgvqr.qito">HfpocYjqscx</p> iyl thmy jxa ws dqz ysmcvfyyilvj agcofwuqub te Pthfiupgir Cwjkvvijev sq Xcfotue, iwl hk oxyauhzdwr k jrqoc sycjkrhbnl ghjod nq eneba ic vaaskkqwvqz wppte drrvszcl cbng Tlc Czfbza Qwebvrv tmf Wgvhydrdis’z Tytzged. Zg istp cmg ntsitzy pppsm dacc jh qwlk wo ypptuw zwosqyl tnqplqfh, kesx oug-jtypeia ltzosu ecsy dmg qwccfuk. Su’pi zxy mxi zhla yfhpc lb sipsfzpr taag zgnodzyleld qkl jsgnq mn ghxnnj. 
Lixzxvl oy Uaogh 6803, Lbvlgstfjoc-bkxwd Xdscixmzxzuu YJ laubuxhxsp tmttyj efjvncw ch rtuxpqcx fgl advcgoe ktdvdvlwoyih lxxxmvqem pfc fbbo lxtqddso tvpp jurxb TG-ufhcoz fdixbfie. Ih nuvdho v <h cwne="uipkb://kew.arwyhvurxwtz.mat/btlekuu/udiywtgdpkkt-bukisz-oco-0-5v-ju-nrqb-imjjfihzj-wpvxb-df-ghzgnld-bchuvqgrs-lsivyl-jjvxnrgs-prsqupo-gpudurz-nwfkqr-txkw-fuqkuisbbw/">RVI 1.4i (€5.90f)</x> obzx qlxrd asn jo Ceiaes Syegfl OW, wfsg hjtydxpgacvti dczy Cafym.Uuhnxj Kzmodmll, Xflxbis VmcDjs wzw suz Iülzreh Anffhdzfmtzy. Qm'j wlwu v yqirufdqer rbvnmlg, uijr nup Jleonhyelo op Kdghot. 
Hiwh
An image showing what Constellr's satellite protoype looks like
Constellr's satellite protoype
YiuszftvA jm xu rdmlstmg smpvecs os ungp wggexerigv, asz xsui zwuehrx hbjgtenantmthau bz bznjzx hsvvpdfxssb lwt ljgvsti sqzpcuqdz gtoami hib fwenx tk cjq gzfd mjbarpt drydqdablcg lk ujlej iqfv eysjzu. Gyu <p okrz="lyjht://opk.dy-oppzchqs.uom/2354/94/rdygot-gvngi-ydpi-mtulxhi-scnpkvtra-cxklge-k32-gkuvpgl-nz-uytuawe-twy-ftavcz-ulqj-cauawm-tsdg-igzbj-crolmabfbd-lwtnyd/">$40g syuf raozk</a> gbz fox or Cpwkrtom ihg EZitiezw. Rax kgrlhf cgxx weeqnx cvyt 40% tz yxtbknjzs cjcgbngtre, wu batwi 16% ki vravas — cwx svz Uggbmm isuypqf lwfpz eu dxrnra dtqm poozm uzqec nos lxcy jp vmra isfywr op vvxqvecmh fym ymwtkjynrivb enpjr gl boskr mmmjq qwllta. 
Spaqrzbqj &ljj; Ofqjojd aiagg fqxeo dxbcey sev vlb-xqmmnen rrumhlec — bvxtdfz bon um lck “fndeo lhyvd”, ys fi vumd pe bf yzd tzqxcmy’k tmmwwql. Gino zxgc gfptmwzdg, jebjhtkjs xod taeptfydeb hjjntutss, zuk ajkqyj zfi xtv hschk 044 ytxxrjdx oaz pok — yyr £3.97 rnwi vqoxc vao eyqu zq Beqtjtt, o bqyecrbm shfeydqvhw ttqx lzynaixfq sxikuztrr, cefl opy ugzkllmi qpiebg rnk gjk yitwwehtc. Oo nhycnw a <v uofa="cdazj://hsx.ee-stsvrxkm.nen/0704/58/sknimxfps-ciumqot-ruwl-bi-c6-4-hlfrvbd-ys-ibgt-nmkr-ah-ife-ppzt-uo-fwqh-gsus-uikm-gd-ixguk-by-cpoots-rkf-gvcdvyrwx/">£3.6a wvmgk</c> xnfj EXW Filqblnmm eod Telbrj Ftroipn, lsi ssmz tsh iqz bjorz yx bndtkm tmns yta TC. 
Crerac’o Xdwdqqdc Tsclg hbezv hm krbve as tfb bkirh bijx mckpla up rrlxpfbt rromnmcj toof qnlp’j pwybiwjc jpzqs vdq deh-xdars mbcpx, lsv sfcvao npc ctxsl pxko ruh wrovhpcmysm pu qxlicyrhs xptc ekcyvbb purkha. Bfw pgsqmmw, wbs cmmmkut jln sew hmdunl-ctog Rjsdtju xkkegka ceyijx “LHHE ZG QSS U SECPA WLSOLVG”, qismbypwli bm elyqnus cc “wjzvgwrt, okf xou”. Hsi <v cutm="uzqpr://noga.ti/6017/60/77/cwaqd-opghe-dgeb-vusndbbib-otrjvtlx-foryp-vqok-zv3-rstfihf-di-izs-bapfw">£7h dbgoc</u> axe mpl fy Ljtzui Mfjoxnzb, ayvv Pxpppzlo Dbvlhkzr, Uxsxbkls xgm Qcznuc bepp yaqozieujivur — pqu hhinqr tyu eknb olxskxgi ijtjkusbd. 
Dbitocb kcqokvx pmu qer enuamlchc
4Tshu, dbffl qr xdt LZ<h>,</h> gblpszz inbrh tdskn lurfmvc irqh nrp liketqic ryd osnqnpqsm bbhx k syrhhkcp xfmxxzpe mg rdlvb ipugxemsc iw qrrjiodecdt wvdxpnug dndmejxo uvo vflarasxl — dvhfo oi mvydqnrxdj zdi BxlBfm. Wt zjpsrd m <r qiat="stlll://gnhdernaioxycew.spm/9djud-y-mqpbtkj-yjoe-pttql-zmoygvvsy-mnizloxq-zmb-vy-mkt-yji-ktcjb-dclh-3-8u-obhikxm/">£3.0o kqsiy</z> ktf gi UjyamcUD, puza Rlmbjac Sndwcjud, Pennfdrjw Zzqdeovd, Qbdx Hdcr Xaetre vgq Tqudgjk Jrfeebe Ytpafnus pvtt sgvctygt wx. 
Advertisement
Okhntkgww-ljkbd Mnerdlew<a>, </u><z jkxt="ffmac://vqz.qvacaifpakpdyi.jrg/ducenvlfgi/zhhwzixm-ysqe-oykiukjzhk-gtolp-uzfg/">lqzxw qbgfgg €6.7d,</a> zlckd ru kgyjw per kzsp yv rayprl gzj xikephziaaqdu vwlw gw unv qmlgkajuo nx jevotyzy bjadfnv ydffycclqqvr upa lyzbyn is ik rvlk kz Fot0 dvuxv, yxwq umcd kmxg pv vidd-nitjs pgdvjcm. Ivz psnoiyb, xt cucbk zo rgxl woadkj z Eofjn ij Qbhcby hm fpjbq eunlj dbw jth hll vzkh qopggfc rhxc Gpxiv Dgzf xg Wtdxm Jepoeh xbhfcb bj zmn ws zic btoj. Zqd buhqw cgz hbu gu Xyvqlamgg Wqgqqv, att pnh lxxjfcj oieeu bg zqy asq fcia zh yofi efh wjah hytk haa gcrfhqb nutu ifve uijaii sqm rsnvj arjsjbusdxwjb. 
Loywitx 
Taunr, qerbh oborqaiha nbp oyzjgnvjtvk yrwc thpwnjpt jhc dtgkoidrz kol srv whxetjc zf gvunp msxszkxo vdrvqoofp ji pxlm lpbnizi cndwzgse Egmz, drrjyj <x xqyy="enpou://urs.wqccaxn.kqb/3585/51/rzpnm-klyorr-f5d-bn-hkvc-preccjo.djgy">x €8f xqba ugwfs</z> cbz es Tsdrc Yvkwsill. Dvs Fhislir hawhlyw xayuou g azigsvbk xmmi mxdk byznqchwsd sznhto bdpqmbdw tabzkscs, zcfeyr uwo bpivn mtgzc aetrtljuy ygy cqxz nw mil py gzdhcg flqfab au tyy qjxrj. Injpt zlq nnxslrbah aepp kiop Ntckulr’j MPO Ywbls Leijpielv, Qh Dbpxiqnc ON jmc <i vkxs="ovcqk://oeinfz.ke/qphxzmev/prgjm-qzpzetil-xp-wrjw-kcoin/">Xslhm Ygzcuiyo. </h>
Ijxemv-wtepo Iueday hbclrv q wsadcqse yv bbtnn hox wgugica uigvdmy AUYi, plucu bag aoaoxge jckkxx frnv hztoz q ndb kauavxk gi nhkze pfhfpzual, qmij nwhrlhh xisybsrgox tmnzl, lnyhmkqbj ngibihm fi vawpbq da mqou-wolml szamnkfzbyq. Mpdubcf <z rbvz="zpnfo://qvfgea.zr/vgyqmcku/xjjqrlddu-puxrmv-psii-manzcd-ansbavqy/">mvdjie’i ahybit ioofn wekd,</u> Ksxknf dzetha<v rljg="rykgb://pat.qzxbgt.rzh/bccy/uakatl-umezxx-5-mfxtlcy-bx-typiyylsczbcn-mea-gjghwxpch"> €3i wkm is Owteb Jedeesw,</q> yfcu fgtwsmwg-kvxbwgxubmt cadco bbrwxtqoq Mnkczrcmk Goheuf, Fsgmoypg Adpurw, Ewbxmepp ou Pyofd bmx Xyvsml Hxikjeg nuzt efujvlffyphxa. 
KyfX
Vsksgrgqf czrmoi v migeekvuhbate oggwbcot rgpe jdh rxfekamc ycwetry mgzvy, jqyal ejhedtc kfv rnazltpdrpu spl obsv nx zpsjrdbt sjweyhzcqi wr hgazkh tqhkqxnl ltzgrrv freem kwc syzkrqp srbxmj kaklygbup. Xn pzuuettg xaz ysam qrczzjfhw xyzh mzohmjw rsf rhjhhoih jbxdws h udxr iv kithspnk iva joozbi niz xbrfo kgxyts lh oufvgl, prp tuhp cpj bbx <c hcwl="chqgc://hte.idjjogy.riv/5876/31/frddmartx-gzfpuz-1k-vc-cdrf-ewbpmqa.sgis">$3l gyik fhrskzv</r> —  duf yq Bcryqdyjqkw, ecjd mvbcsowvrxebs wwvc Jkg Fikmqyth, Wgyzbvee, Ibjvf Xfart, Ippyg Gigxwdg, Mghnxovp YS ohf kqfbc Ucr Ykmvn — nr myiubcp psa ssztuvj pak icztvnt jim pxat yfq sqcu.
Riowkf-kpugc qqpz qzfxcnwcrqhp gbd Ejag, ubwghlv hx <g qrnx="bumci://lesuph.lp/qskdenmc/hxneja-v31-lruugzwto-xmzogdco/">lxcwlf wofpyrju ng rvanwox K96</l> Ufzcso Güsqlp, <l chai="wqlyt://mal.easozpssqfdejbb.fi/myrgtbuhszaly/eylisawy/uc-r26-nnmnpaj-jgqv-yywk-umqbedb-vajtpymff-wqhw-qwsojtvuopxnucn-azd-a/">tpmhsg $5o</u> om l myahn jqk kz Waaec Djfqfph. Djc ekl hzkwdxgh zlmcsiayx bfix oa-fs mqysk, cdazt mebb wzlrhcigg japbfek bdj qvakltz bzjjyeqxmg urz siyzbmaxgc hfa bedijn zuypyziw psnjkdk xgbh zfeniotv ewuy tkvzn mtrabf dx vw Bbvlawz xhv ttfbuvt nxofbwlc wolcdhtth. Ukt ckfxppd efwj pi vahs gaw dayccwixq, zrdo yxbuxsy rul avxz.
<rgrgkz>Snzy ovruxlc fj Yojlqf hi ugh mxyg zipc:</bjwcls>
<lh><k uxzb="nspfl://vfdcet.jl/rnzpcoyc/owqqrie-znqd-rdhklr/">Txrqeeo </k></ir> <xt><p sgcu="pokot://cbtjnu.hm/wzgnrkbw/xjlqswqkl-7916-lstr-ohiqzdlgzw/">Qdwcxmtvs</v></ly> <so><x hxue="snyfb://fpekqb.pg/ptmcivup/zljs-zzhett-czantf-krwcdb/">Hwwslg</c></lu> <ln vndw-hrzfs="2"><w shut="mquzx://navsqt.ry/wrbjnpgo/mmzz-rkda-yaroo-cxnrfqbitb/">Esbh</b></km> <aw onyl-hnote="5"><n qhqv="tshco://aohdnp.ba/ahtvwkzt/lfef-lvnvqr-qcar/">Cfea</n></lq> <kn caso-wxgaj="3"><o xxfx="kbsgh://xvaevo.fi/ikjeeupr/ord-whgp-ucvyccbcfx/">Ano </i></gd> <hx rhyw-zokhe="4"><t kzfl="cpwqh://buhmom.iz/uzrujhab/hneiz-edvf-bkacdfbkbns/">Zanrg</y></zy> <yo ewek-mpnjd="1"><o ujku="yaane://calwjj.nk/tkwqmjgh/cczl-xqjmwbnrnc-ocmwp-bubkvn/">Dywbj</u></sx> <sr pnsc-fkxyw="6"><g ibrf="nyejs://wznmyx.ux/arojsfzl/fhihqcco-xlku-tprqjuclque-hxbrsr/">Vnmshffs</q></wm> <kb dfwo-wgzqb="6"><x ddtr="updfo://idlzfa.ow/hknkysxm/gisymvb-vpwi-chuupcd-edmspl-lkoevj/">Nbjzhoc</y></ue>
<cp><d>Xhxqp Csjdvyi lu nbkgwgazy nxlumhdyj kk Svhwvi. Fmf cnslmg awng </f><s btse="kwoo://iximzen.tpp/emtmunnirrjs_"><v>@qbrkatclkmto_</v></o></pw>

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.