Dutch e-bike manufacturer Stella Fietsen was declared bankrupt on Friday, according to a spokesperson for the Gelderland court. The announcement comes a few days after the company requested a payment suspension. Stella Fietsen currently has about 440 employees in 48 locations in the Netherlands and Belgium. In a statement, Frans van Oss, who has been ... Read more Read more ›
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A few days ago, Engie confirmed to Silicon Canals that the French energy company plans to liquidate the entire EVBox group. However, “Financière de Pessac,” represented by Eric Stempin (former founder & president of EVTronics), has proposed a partial takeover of EVBox from Engie. In the latest development, EVBox employees and staff representatives met with ... Read more Read more ›
0
Zug-based terralayr, a company specialising in energy storage, has secured €77M (€62M in equity and €15M in debt) in funding — from Creandum, Earlybird, Norrsken VC, Picus Capital, and Rive Private Investment. The Swiss company will use the funds to accelerate the expansion of its battery storage systems. Philipp Man, Founder and CEO of terralayr ... Read more Read more ›
1
Amsterdam-based Tapp, a company providing data-driven insights for the catering industry, has been declared bankrupt by the Amsterdam court. Last year, in June 2023, the company had secured €3M in funding, and by September, it had launched a new product to help catering entrepreneurs compare their performance against industry standards. CEO Wibo Roest tells Quote ... Read more Read more ›
0
Electric scooters have become a popular mode of modern urban mobility, offering a convenient and eco-friendly way to commute through city streets. In the Netherlands, the market is flooded with numerous low-quality knock-offs and unsafe E-steps sold as legitimate e-scooters. While e-scooters offer convenience, the influx of cheap, low-quality models, particularly from unregulated sources, has ... Read more Read more ›
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London-based Inforcer, a provider of Microsoft multi-tenant management solutions, has raised $19M (approximately €17.53M) in a Series A round of funding. The round was led by Meritech Capital, a firm focused on vendors serving the managed service provider (MSP) community, following previous investments in Huntress and Rewst. Tanner Bhonslay of Meritech Capital will join Inforcer’s ... Read more Read more ›
25
Paris-based Dottxt, an ecosystem and platform for interacting with large language models (LLMs), has raised $11.9M (approximately €10.97M) in total funding through pre-seed and seed rounds completed within just over seven months. The funding is split into a $3.2M pre-seed round led by Elaia in December 2023 and an $8.7M seed round led by EQT ... Read more Read more ›
3
Genova, Italy-based BeDimensional, a producer of Few-Layer Graphene (FLG) and Few-Layer Hexagonal Boron Nitride (FLhBN or FLB), announced on Friday that it has secured €20M in venture debt financing from the European Investment Bank (EIB). The announcement was made by EIB Vice-President Gelsomina Vigliotti and BeDimensional Chief Executive Officer Vittorio Pellegrini at the inauguration of ... Read more Read more ›
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Breda-based Onesurance, a Dutch AI solution provider for the insurance industry, announced that it has raised seed investment led by Amsterdam’s AI investor Curiosity VC. The funding amount, however, remains undisclosed. Curiosity VC is a community-driven VC fund that invests in early-stage B2B SaaS companies in the Benelux, Nordics, and Baltics. The fund focuses on ... Read more Read more ›
0
Amsterdam-based Confocal.nl, a microscope manufacturer, announced on Thursday that it has secured €5M from a consortium of investors, including ROM InWest and Nascent Ventures. With this funding, ROM InWest and Nascent Ventures join the Rabobank Startup & Scale-up team, RVO Innovatiekrediet, and other existing investors and partners. These include VCC TechNanoFund, ECFG, University of Amsterdam ... Read more Read more ›
3
Eindhoven-based RIFT (Renewable Iron Fuel Technology), driven by its vision of a sustainable future through clean energy, has secured €11M in a Series A round of funding. Invest-NL, PGGM (on behalf of the Pension Fund for Healthcare and Welfare), and Oost NL invested in this round along with existing investors Rubio Impact Ventures, Brabant Development ... Read more Read more ›
3
London-based Neuphonic, a startup focused on redefining human-AI communication with fast text-to-speech technology, has raised £3M (approximately €3.58M) in its pre-seed round of funding. The investment was led by Moonfire VC, with participation from Tiny VC, Salica Oryx Fund, and Cur8 Capital. Akshat Goenka, Partner at Moonfire, says, “Voice AI has been a sleeping giant, ... Read more Read more ›
0
Paris-based Welii, a company specialised in modular, AI-driven procurement solutions, announced on Tuesday, October 15 that it has raised €15M in funding from 13books Capital, Portage, and TOMCAT. The French company will use the funds to expand its platform’s capabilities, developing new tools to offer even greater control over procurement and financial operations. Besides funding, the ... Read more Read more ›
8
Stockholm-based Aira, a company that offers clean energy-based heating solutions, has secured €63M in equity funding. The investment came from Aira’s existing investors, including Temasek, Statkraft Ventures, Kinnevik, and Altor. This extension is part of an upsized and oversubscribed €145M Series B round that was co-led by the same investors and closed in January 2024. ... Read more Read more ›
24
Eindhoven-based EIT InnoEnergy, an innovation engine for sustainable energy across Europe, on Wednesday, October 16, announced Boryszew Group S.A, a global player in the automotive and metals industries, as its newest shareholder. The announcement was made at EIT InnoEnergy’s annual event — The Business Booster, marking the completion of EIT InnoEnergy’s private placement and top-up ... Read more Read more ›
0
London-based Hometree, a residential energy services company, announced on Thursday that it has raised a £50M (approximately €60M) mezzanine facility backed by CPPIB Credit Investments., a wholly-owned subsidiary of Canada Pension Plan Investment Board. The announcement comes four months after raising £250M (approximately €300M) asset-backed debt facility from Barclays. The UK company will use the ... Read more Read more ›
8
Europe’s on-demand food ordering and grocery delivery space has taken massive hits after the pandemic. Many of the on-demand companies—especially the flash delivery companies—are now struggling, and the ones that remain are seeking new avenues of revenue or profit. Glovo, the 2015-launched “multicategory app” as they like to call it, is taking a whole new ... Read more Read more ›
12
London-based Autone, an AI-powered inventory management platform, announced on Wednesday that it has secured $17M (approximately €15.6M) in a Series A funding round led by General Catalyst, bringing the total funding raised to $20M (approximately €18.3M). All existing investors from Autone’s Seed round also reinvested in its Series A. The list includes Speedinvest, YCombinator, Seedcamp, ... Read more Read more ›
0
Overijssel-based SuperLight Photonics, a Dutch innovator in laser technology, has announced a strategic investment from Hamamatsu Ventures. Hamamatsu Ventures, a global corporate VC firm, seeks to invest in photonics companies that address future societal needs through disruptive technologies. This partnership is expected to accelerate the development of SuperLight Photonics’ next-generation photonic technologies and enhance its ... Read more Read more ›
0
Prague-based Eyeball.Club, a B2B SaaS sports tech company, announced on Wednesday that it has secured €5M in a Seed funding round led by Vendep Capital with participation from Sportlogiq, Heartland, and Founderment. The Czech company will use the funds to fuel its expansion into key U.S. and Latin American markets, as well as further improve ... Read more Read more ›
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Stockholm-based Node.vc, a Nordic early-stage venture capital firm, has closed a €71M fund. The firm aims to strengthen its ecosystem for entrepreneurs, focusing on supporting early-stage startups across the region. Key investors include Saminvest, a Stockholm-based venture capital firm established by the Swedish government, and several leading Nordic institutional investors such as Nordea Liv & ... Read more Read more ›
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Most popular sources
Business Insider
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31% 13 |
Financial Times
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16% 15 |
The Verge
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14% 9 |
Tom's Hardware
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6% 1 |
Gizmodo
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6% 3 |
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23.11.2024 20:33
Last update: 20:05 EDT.
News rating updated: 03:20.
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