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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · today 02:36 EDT

Plense Technologies, the Delft-based agtech startup “listening” to plants, ceases operations: Know more

Delft-based Plense Technologies, a developer of crop cultivation devices designed for data-driven cultivation, has announced that it will cease operations after two and a half years of development and market exploration. “When we started our journey, we went to the market (with an ultrasound technology concept in our metaphorical backpack) to learn as much as ... Read more Read more

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11.07.2025 ♏︎ Today, a somewhat ambiguous and slightly unstable day awaits Scorpios. In the realm of love,... Read more ›
Silicon Canals
Vishal Singh @ Silicon Canals 2 place · today 04:52 EDT

Lithuania’s VectorTree secures EU grant to develop a scalable vector database for AI

Iceland-based Videntifier Technologies ehf. has announced that its Lithuanian subsidiary, VectorTree, has received funding from the European Union for a project titled “Building an Advanced Vector Database for Artificial Intelligence”.  The funding is part of the European Regional Development Fund under the EU Funds Investment Programme 2021–2027. The total project budget is €943,052.28. Of that, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · today 06:57 EDT

EXIST Lighthouse Competition: Meet the 10 projects chosen to become Germany’s official ‘Startup Factories’

In an attempt to further accelerate Germany’s startup ecosystem, German Federal Minister for Economic Affairs Katherina Reiche announced the winners of the EXIST Lighthouse Competition: Startup Factories. As part of the federal startup strategy, ten selected winners will receive up to €10M in matching funds to scale highly integrated, science-driven startup ecosystems over the next five ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · today 07:00 EDT

Sequoia-backed Norwegian fintech Two raises €13M to make business payments as simple as card payments

Oslo-based Two, a European B2B payments platform, has secured €13M in a strategic funding round. With this round, the company’s total funding has reached over €40M. The current investment round was led by Idékapital and Shine Capital, with participation from new investor Investinor and existing investors Antler, Sequoia Capital, Alliance Ventures, Arkwright, and Local Globe. ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · today 02:55 EDT

German fintech re:cap secures €125M for new credit facility; enters UK market

Berlin-based re:cap, a fintech company, has launched a €125M credit facility for onward lending and has expanded its operations to the UK. The funding was provided by HSBC Innovation Banking and Avellinia Capital. Julian Schickel, Founding Partner at Avellinia Capital, says, “re:cap is solving a major headache for tech founders. Traditional banks rarely lend to ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · today 08:28 EDT

Amsterdam-based CapitalT announces first close of €50M Fund II to scale impact investing

Amsterdam-based CapitalT,  a (pre) seed stage VC that invests in software technology companies, announced the first close of its second fund, targeting €50M. “This milestone is more than just a number – it’s a signal that our approach is working, and we’re ready to scale it,” says Eva de Mol, the founding partner of CapitalT ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/10/2025 11:14 EDT

What’s in a Name: How a parked EV, a cable, and a late-night idea sparked this Spanish startup’s name

While most EVs sit idle for 95 per cent of their lives, the Barcelona-based startup sees them as untapped batteries on wheels. Founded in 2023 at Norrsken Barcelona by Luis Medina Rivas, Tether uses AI to predict and coordinate the charging behaviour of millions of EVs, effectively turning them into a decentralised, clean power reserve ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/10/2025 09:34 EDT

Amsterdam’s fintech Figo Mobility secures backing from ex-Adyen payments head Edgar Verschuur:

Amsterdam-based Figo Mobility, a fintech that simplifies mobility management and travel expenses for employers, secures an investment from Edgar Verschuur, former Global Head of Payments at Adyen. Verschuur joins the Figo team as an investor and will support the company’s next phase of growth as a strategic advisor. With over ten years of experience in ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/10/2025 08:57 EDT

Prosus launches AI House Amsterdam to help Europe become an ‘AI maker, not an AI taker’

Amsterdam-based Prosus, a global technology company, announced the launch of AI House Amsterdam, a state-of-the-art innovation hub designed to foster collaboration, knowledge-sharing, and development in AI. It is based out of the company’s headquarters in the Zuidas business district. “With AI House Amsterdam, we are doing what Europe urgently needs: bringing together ambition, talent and ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/10/2025 07:14 EDT

Amsterdam’s AI fintech scale-up Conpend secures funding: Know more

Amsterdam-based Conpend, an AI fintech scale-up, has secured a majority investment from Cape Investment Partners (CIP), an investment firm headquartered in the same city. The financial details of the deal, however, were not disclosed. The funds will support Conpend’s expansion across global markets, strengthen its product development efforts, and increase its reach among banks and ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/10/2025 07:10 EDT

Norway’s subsea robotic startup Kongsberg Ferrotech secures €12M from NATO fund, others to address rising undersea threats

Kongsberg, Norway-based Kongsberg Ferrotech, a company specialised in robotic solutions for the inspection, maintenance and repair of critical offshore infrastructure, has raised €12M in a Seed funding round led by the NATO Innovation Fund (NIF). Investinor, Norway’s sovereign investment fund, also participated in the funding round. The new funding will help the company enhance the ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/10/2025 05:00 EDT

Enschede-based QuiX Quantum secures €15M to launch first universal photonic quantum computer

Enschede-based QuiX Quantum, the Dutch photonic quantum computing pioneer, has secured €15M in Series A funding co-led by Invest NL and EIC Fund. Other existing investors, including PhotonVentures, Oost NL, and FORWARD.one, also participated in the round. The announcement comes over a year after demonstrating the on-chip creation of Greenberger-Horne-Zeilinger (GHZ) states using QuiX Quantum ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/10/2025 04:05 EDT

French femtech Solence bags €1.6M to help women manage PCOS through lifestyle changes

Paris-based Solence, a health startup focused on care for women with Polycystic Ovary Syndrome (PCOS), has raised €1.6M in seed funding. Investors in the round include Impact Shakers Ventures, Céline Lazorthes (founder of Leetchi, Mangopay, and Resilience), Berthe Latreille (formerly of JP Morgan), Stephane Mardel (founder of Systemanova VC), and BPI France. A digital programme ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/10/2025 03:56 EDT

Amsterdam-based Flow acquired by Dutch accounting firm SnelStart

Amsterdam-based Flow, a specialist in embedded finance, has recently become part of the SnelStart group, a supplier of administrative software for SMEs. The acquisition follows a successful partnership between Flow and SnelStart in delivering embedded banking solutions, made possible by Adyen’s banking-as-a-service platform. Embedded finance means integrating financial services, like payments or loans, into non-financial ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/10/2025 01:45 EDT

Skleo Health bags €3M to fight preventable blindness with AI-powered eye screenings

Düsseldorf-based Skleo Health, a German healthtech company, has secured €3M in seed funding. The funding will support the expansion of its eye screening network across the country. Skleo Health’s goal is to address preventable blindness through broader access to medically validated eye screenings. The investment was led by Sanoptis, an ophthalmology services provider in Europe, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/09/2025 10:04 EDT

Re-arming Europe: Darkstar launches €25M pan-European defence fund for battlefield-ready tech, weapons; secures €15M first close

Darkstar, a defence tech ecosystem builder, announced the official launch of Europe’s first pan-European defence fund fully dedicated to backing real military systems, including weapons and dual-use technologies. The newly launched €25M fund has secured a first close of €15M, led by SmartCap, Estonia’s sovereign defence fund. Additionally, over 30 founders and supporters from across ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/09/2025 08:18 EDT

Struggling Dutch firm Ebusco restructures loans, signs €39M energy deal as CEO and ad interim CFO exit

Netherlands-based Ebusco, a motor vehicle manufacturing company, has announced that it has reached an agreement to restructure loans that were due in mid-August 2025. Additionally, the company has signed a contract for Ebusco Energy and has scheduled an Extraordinary General Meeting to take place on August 18, 2025. The announcement comes two months after the ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/09/2025 06:38 EDT

Tether invests in Amsterdam’s Crystal Intelligence to tackle illicit stablecoin activity

Amsterdam-based Crystal Intelligence, a blockchain intelligence and compliance solutions provider, has received a strategic investment from Tether, a major company in the digital asset sector.  This investment supports Crystal Intelligence’s ongoing efforts to enhance blockchain analytics capabilities, including risk monitoring, fraud detection, and regulatory intelligence. Tether’s investment in Crystal Intelligence supports its broader effort to ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/09/2025 04:32 EDT

Most active quarter since the end of 2023: Dutch startup funding surges significantly in Q2 2025, reveals report 

In Q2 2025, approximately €716M was invested in Dutch startups. Based on unpublished estimates, the actual amount is around €747M.  This represents a 67 per cent increase compared to the same quarter a year earlier (Q2 2024: €429M), and also a 67 per cent increase compared to Q1 2025. The Quarterly Startup Report is a ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/09/2025 03:54 EDT

Dutch-based NRG2fly gets funding boost to power up charging network for electric planes

Netherlands-based NRG2fly, a company building the world’s first nationwide charging network for electric planes, has secured fresh funding. The funding amount, however, remains undisclosed. The investment comes from a group of angel investors and Horizon Flevoland, the regional development company of Flevoland. As part of this development, day-to-day management of the company will be handed ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/09/2025 03:00 EDT

Dutch-based Basetime raises funding from ROM Utrecht Region, others to expand autonomous ground monitoring

Houten, the Netherlands-based Basetime, a specialist in autonomous precision monitoring of ground movement, announced it has secured undisclosed funding in the latest round. ROM Utrecht Region, Value Creation Capital, and Ernij Next jointly invested in the round.  The latest capital will enable the company to make its autonomous measurement solutions globally available to enhance safety ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/09/2025 02:03 EDT

Dutch-based Novenda Technologies raises €5.2M to transform dental manufacturing with 3D printing

Dutch-based Novenda Technologies has raised $6.1M (nearly €5.2M) to advance its multi-material 3D printing technology for dental products. The funding will support the company’s efforts to reshape dental manufacturing and expand access to dental care. The round was led by Brightlands Venture Partners and included support from KBC Focus Fund, Borski Fund, Limburg Business Development ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/08/2025 09:34 EDT

Cologne’s Circonomit raises €2.8M to turn complex corporate data into instant strategy

Cologne, Germany-based Circonomit, a developer of an intuitive modelling toolbox, has secured €2.8M in a seed funding round led by Vorwerk Ventures, alongside Fund F and PUSH VC. Based out of Berlin, Vorwerk Ventures is an independent venture capital fund (in its 4th fund generation) from Germany with assets under management of over €400M. We ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/08/2025 08:05 EDT

Backed by Swiss govt, SECO Startup Fund relaunches with €5.34M to fuel impact startups in CEE and emerging economies

As global investment in emerging markets decreases, the SECO Startup Fund (SSF) announced that it is relaunching with CHF 5 million (approximately €5.34M ) to deploy as debt financing to post-revenue startups across Central & Eastern Europe, Africa, Asia, and Latin America.  The fund is now backed by Switzerland’s State Secretariat for Economic Affairs and ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/08/2025 06:24 EDT

Fortino Capital acquires Germany’s MEHRWERK to strengthen data and process automation capabilities

Antwerp-based venture capital firm Fortino Capital has acquired Germany’s MEHRWERK, a provider of process intelligence software known for its modular and open platform, mpmX. The transaction supports Fortino Capital’s investment focus on process intelligence and enterprise automation. This marks the firm’s fourth private equity investment in Germany. Making sense of data in an organisation MEHRWERK ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/08/2025 05:00 EDT

Spanish startup QualiBooth raises €2M to expand digital accessibility platform across Europe and the US

Barcelona-based QualiBooth, a digital accessibility startup, has secured €2M in new funding and established partnerships with several leading global retailers. The funding will accelerate product development and fortify QualiBooth’s investment in European market presence. The Barcelona office will serve as a hub for its customer success, marketing, and product design teams. The company also plans ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/08/2025 03:50 EDT

UK-based Apadmi acquires Amsterdam’s mobile agency Pinch to strengthen its position in the Netherlands

Manchester-based digital product consultancy Apadmi has acquired Pinch, a mobile agency based in Amsterdam. The acquisition expands Apadmi’s presence in the Dutch market. The company now has over 450 mobile specialists across five offices in Europe. The team in the Netherlands includes 70 professionals working in design, development, and product. Aim of the acquisition Amsterdam’s ... Read more Read more

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11.07.2025 10:11
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