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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The shares of Veldhoven-based ASML Holding, a manufacturer of chip-making equipment, declined 16 per cent after the company published its Q3 2024 results with a sharp decline in orders and disappointing sales forecast. ASML’s performance in Q3 led to a steep sell-off of shares, resulting in the semiconductor firm losing €48.7B in market capitalisation in ... Read more Read more ›
3
Beverwijk-based Optima Cycles, a Dutch E-bike and electric cargo bike manufacturer, has announced the acquisition of Utrecht-based Dolly Bikes, a direct-to-consumer cargo bike brand. This is Optima Cycles’ first strategic acquisition after Bolster Investment Partners’ investment in 2021. Mobis Corporate Finance served as the M&A advisor to Dolly Bikes Bikes. Aim of the acquisition This ... Read more Read more ›
0
London-based Diesta, a B2B SaaS company focused on transforming payment operations for the insurance industry, has secured $3.8M (approximately €3.49M) in a Seed funding round led by New York-based FinTech Collective (FTC). FTC is a global VC firm founded in 2012. It focuses on backing founders in transforming financial processes and offers deep expertise in ... Read more Read more ›
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Baar, Switzerland-based Albatross, an AI personalisation startup, announced on Wednesday that it has secured €3M in a fresh funding round led by redalpine, with participation from Daphni. The Swiss company will use the funds to transform user engagement across e-commerce, media, and online marketplaces with AI-driven personalisation, enabling conversions and revenue growth for businesses. “Users ... Read more Read more ›
8
Dutch Ministry of Defence, on Tuesday, announced a new investment fund — the SecFund (‘Security Fund’) with a fund capital of €100M. The announcement comes as the Ministry of Defence, the provinces, the Ministry of Economic Affairs, the regional development companies, and industry are joining forces for national security, innovation, and economic growth. Fund utilsation ... Read more Read more ›
1
After challenging years of the pandemic and economic downturns, tech ecosystems globally are getting back. The Dutch tech ecosystem remains one of the most robust and valuable hubs, particularly in South Holland. This vibrant region, known for its deep-tech focus, has become a hotspot for startups, with the city of Rotterdam frequently grabbing the headlines. ... Read more Read more ›
1
Munich-based OroraTech, which uses thermal satellites and AI to predict and prevent wildfires, has completed a €25M Series B funding round. OroraTech helps companies, organisations, and fire agencies respond better to wildfires, aiming to reduce damage and save lives. Investors supporting OroraTech The investment was led by Korys, the European Circular Bioeconomy Fund (ECBF), and ... Read more Read more ›
1
Naarden, the Netherlands-based Forbion, a global life sciences VC firm, announced on Tuesday, that it has raised over €2B across its two newest funds — Forbion Growth Opportunities III and Forbion Ventures VII, bringing assets under management at Forbion to €5B. Both funds exceeded their original target sizes and reached €1.2B and €890M), respectively. Sander ... Read more Read more ›
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DataSnipper, an Amsterdam-based automation platform focused on audit and finance, has announced two key developments: the acquisition of UpLink, a secure cloud-based document request platform, and the launch of DocuMine, an AI-driven document validation tool. These initiatives aim to strengthen the Dutch company’s efforts to build an AI-powered audit ecosystem. The announcement follows the company’s ... Read more Read more ›
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Engie has confirmed to Silicon Canals that the French energy company plans to liquidate the entire EVBox group. The French company announced the acquisition of Amsterdam’s EV Box in 2017 to accelerate ENGIE’s strategy as an energy revolution pioneer. The announcement comes a few months after the company’s electric vehicle charging station business lost €22M ... Read more Read more ›
6
Groningen-based Naya, a developer of a modular ergonomic keyboard, Naya Create, announced on Tuesday that it has secured €2M investment from G-Force Capital along with a large group of other investors, including NOM. NOM is the regional development agency for the Northern Netherlands. The platform invests in promising new and existing businesses, attracts direct foreign ... Read more Read more ›
6
Amsterdam-based Tebi, a startup developing an all-in-one operational platform, has raised €20M in a Series A round of funding led by Index Ventures. This marks Tebi’s first institutional investment since its founding three years ago. Index Ventures is a global VC firm that helps entrepreneurs turn big ideas into successful businesses. With over 30 years ... Read more Read more ›
1
Rotterdam-based Kaminari Medical, a medtech company specialised in intravascular imaging technology, announced on Monday that it has secured €3.8M in a fresh funding round. The round includes investments from Graduate Entrepreneur, NLC Health Ventures, Libertatis Ergo Holding (Leiden University), and Demcon Investment. Additionally, an Innovation Credit of €1.5M from the Netherlands Enterprise Agency (RVO) has ... Read more Read more ›
0
Strasbourg-based Aerleum, a climate tech company specialising in CO2 capture and utilisation, has secured $6M (approximately €5.49M) in a seed round of funding. The investment was led by 360 Capital and HTGF, with participation from Norrsken, Bpifrance, and Marble. “Aerleum’s vision is to transform industries and create a circular carbon economy, where the CO2 present ... Read more Read more ›
1
In the latest development, a group of EU entrepreneurs is working together to create a new pan-European legal entity for startups called EU Inc. This is a project by the startup community for the startup community. It’s spearheaded by founders, non-profit leads, and investors. This petition is officially supported by VC firms like Index, Sequoia, ... Read more Read more ›
0
Manchester-based Concretene, a nanomaterial technology company, has raised £3M (approximately €3.58M) in venture capital to launch its carbon-saving concrete admixture. The round was led by Molten Ventures, a tech-focused VC fund, with additional support from LocalGlobe, which previously invested in Concretene to help build its core team in 2023. The company’s goal is to reduce ... Read more Read more ›
2
Stockholm-based Voi Technology, a micro-mobility company, announced that it raised €50M by selling bonds as part of a plan to raise €125M in total. The bonds have a four-year term with interest based on Euribor (Euro Interbank Offered Rate) plus 6.75 per cent. The oversubscribed bond offering had demand from known Nordic and international investors. ... Read more Read more ›
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In today’s fast-paced digital age, it’s easy to feel overwhelmed by the constant flow of information. With so many changes happening daily and quickly, it’s easy for some stories to slip through the cracks. But worry not, we have gathered them all in this roundup to make sure that you stay updated in the ocean ... Read more Read more ›
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Uppsala-based AirForestry, a Swedish company developing drone-based tree harvesting technology, has raised €10.3M in a seed round of funding. Olle Gelin, CEO and founder of AirForestry, adds, “We’re thrilled about our new investors who believe in the same goal as we do – making forest products more cost-effective and even more sustainable by unlocking all ... Read more Read more ›
0
Eindhoven-based PhotonVentures, a deep tech venture capital firm, announced that it has secured €5M investment from Invest-NL and a group of new private investors. Invest-NL joins a group of prominent tech investors, family offices, the Brabant Development Agency (BOM), PhotonDelta, Oost NL, the University of Twente, and TNO, who have previously invested in the fund. ... Read more Read more ›
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Most popular sources
Business Insider
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32% 12 |
Financial Times
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15% 14 |
The Verge
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14% 8 |
Gizmodo
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6% 3 |
Tom's Hardware
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6% 1 |
| View sources » | |
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23.11.2024 22:27
Last update: 22:20 EDT.
News rating updated: 05:20.
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