Silicon Canals

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18.11.2024 − 24.11.2024
Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 11/22/2024 03:22 EDT

Swedish ‘flying ferry’ startup Candela secures additional €13.3M; charts course for US market

Stockholm-based Candela, a company specialising in hydrofoiling electric boats and ferries, has finalised its Series C funding round, raising an additional $14M (approximately €13.34M) to surpass $40M in total funding for 2024.  The capital will support scaling production to meet growing demand for its electric watercraft, including the Candela P-12. The P-12 has been sold ... Read more Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 08/17/2023 09:49 EDT

Adyen’s shares sink 31% after weak H1 2023 report; sparks worries over sector’s high valuations

Amsterdam-based Adyen, a fintech unicorn, encountered a setback as its shares experienced a sharp decline after publishing its H1 2023 report that fell short of analysts’ projections and the company’s medium-term targets. Adyen’s shares plummeted by 31 per cent at the time of writing this article. On Thursday, trading of Adyen shares was temporarily suspended […] Read more ›

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Silicon Canals
Karthek Iyer @ Silicon Canals · 08/17/2023 09:29 EDT

Founders on Funding: AgStacked’s Emily Harayda on solving food insecurity from farm to table

Do you eat three nutritious meals a day? While not everyone can fill their plate, it has become even more challenging for many to access fresh produce, including fruits and vegetables. According to the UN Food and Agriculture Organization (FAO), upward of 2.3 billion people worldwide lack access to adequate food in 2020. Food insecurity […] Read more ›

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Silicon Canals
Editorial team @ Silicon Canals · 08/17/2023 07:06 EDT

Stockholm-based TeraSi nabs €1M funding for cutting-edge wireless tech

TeraSi has secured 13 MSEK or €1M in a pre-seed funding round to advance its proprietary system-in-package technology. Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/17/2023 05:57 EDT

London’s Venterra secures €175.3M for its offshore wind foundations expertise; acquires CAPE Holland

Venterra says it will use the funds to acquire from its deal pipeline and invest in existing and future Venterra member companies. Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 3 place · 08/17/2023 05:19 EDT

Here’s how Amsterdam fintech unicorn Adyen performed in H1 2023

Amsterdam-based fintech unicorn Adyen published its shareholder letter and financial statements for H1 2023 on Thursday. The letter focuses on the company’s activities, finances, growth pillars, and more. Here’re the key takeaways: Processed transaction and EBITDA  As per Adyen’s report, the volume of processed transactions grew 23 per cent year-on-year  amounting to €426B. Adyen notes […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 08/17/2023 03:09 EDT

UK-based COMPASS Pathways secures €261.8M to advance mental health solutions

COMPASS Pathways is a biotech company that accelerates patient access to evidence-based innovation in mental health. Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 3 place · 08/17/2023 02:45 EDT

Amsterdam-based Sumthing launches new platform for transparent nature restoration

Amsterdam-based Sumthing, a nature restoration platform, announced on Thursday that it has launched a brand new platform following the successful closing of its €500K investment round.  Sumthing is the first company in the NatureTech sector to successfully raise a financing round with the principles of steward-ownership applied.  Steward-ownership ensures the business can prioritise making a […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 08/16/2023 08:56 EDT

Amazon unveils AWS Build to help startups leverage cloud tech for product launches: Apply now

Amazon Web Services, a subsidiary of Amazon.com, recently unveiled AWS Build – a global initiative designed to offer comprehensive support to aspiring entrepreneurs as they embark on their cloud journey to build, refine, and launch their innovative applications.  Over the course of 10 weeks, a cohort of up to 500 startup founders globally will receive […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 08/16/2023 07:35 EDT

UK’s smart bus platform Zeelo raises €12.8M to fuel US expansion, product innovation

Zeelo says it will use the money to accelerate its operations, expand its team, and introduce new technology products. Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 08/16/2023 07:15 EDT

Scotland’s BDD secures €2.3M to fuel expansion of drug formulation and clinical trials services

Edinburgh, Scotland-based BDD, an integrated company that specialises in drug formulation and clinical trials, announced on Wednesday that it has raised £2M (approximately €2.3M) in funding. The funding came from existing investors, including the angel syndicate Archangels and Scottish Enterprise, and new investor the British Business Bank.  This investment will allow BDD to increase its […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 3 place · 08/16/2023 05:06 EDT

Bristol-based Phasecraft bags €15M to accelerate practical application of quantum computing

Bristol-based Phasecraft, a quantum algorithms company, announced on Wednesday that it has secured £13M (approximately €15M) in a Series A round of funding led by Silicon Valley deep tech VC Playground Global.  AlbionVC and existing investors Episode 1, Parkwalk Advisors, LCIF, and UCL Technology Fund also participated in the round.   The latest funding brings the […] Read more ›

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Silicon Canals
Editorial team @ Silicon Canals · 08/16/2023 04:48 EDT

Amsterdam’s Recharge.com introduces bulk corporate gifting solution

Recharge.com now provides a B2B service for corporate gifting, allowing companies to buy prepaid items in bulk. Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 08/16/2023 04:46 EDT

EIC backs Dutch medtech startup Xeltis in €12.5M round for its transformative implants: Know more 

Eindhoven-based Xeltis, a clinical-stage MedTech company, announced on Monday, August 14, that it has secured €12.5M in funding from the European Innovation Council (EIC) Fund, bringing the total amount raised to €44.5M. The announcement comes five months after raising €32M in a Series D2 equity fundraising from a syndicate of current and new investors, including […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/16/2023 03:34 EDT

No Such Ventures leads ‘multi-million investment’ in Amsterdam’s local service provider Trustoo

Trustoo is a platform that links high-quality local businesses with potential customers by presenting over 80,000 businesses with clear details and contact information. Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 08/15/2023 00:05 EDT

Germany’s hotel management firm Betterspace raises fresh funds to expand its better.energy product

Betterspace claims that its software and hardware solutions enhance efficiency and customer experience in the hospitality industry. Read more ›

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28.11.2024 19:42
Last update: 19:35 EDT.
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