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 couple of months back, Stockholm-based Klarna sold its Klarna Checkout (KCO) to an investor consortium, led by serial entrepreneur Kamjar Hajabdolahi at 5.4 billion kronor ($520M). In a recent development, Klarna Checkout has been rebranded to Kustom. Explaining the rebranding, the company says, “Kustom fundamentally reflects our desire to offer a high degree of ... Read more Read more ›
2
Microsoft, on Wednesday, announced a €4.3B initiative in the next two years to expand its hyper-scale cloud and AI data center infrastructure in Italy. This recent move from the Redmond tech giant marks the largest-ever investment in the country. The company aims to provide digital skills training to over 1 million Italians by the end ... Read more Read more ›
1
Paris-based Kurma Partners, a venture capital group specialised in healthcare, has announced the first closing of its latest venture capital investment fund, Biofund IV, with a total of €140M raised to date. The firm aims to reach a final target of €250M by the fund’s closing in 2025. Thierry Laugel, Kurma Partners’ co-founder and Managing ... Read more Read more ›
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The Netherlands fintech sector saw a significant increase in funding in H1 2024, with total investment increasing by 39 per cent year-on-year, according to the State of European FinTech 2024’ report. Amsterdam-based Finch Capital, a European thematic growth investor, announced on Thursday that it has published the 9th edition of annual ‘State of European FinTech ... Read more Read more ›
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Global tech company Mastercard has announced its plan to acquire Sweden’s Minna Technologies, a subscription management company, pending regulatory approval. This move aims to bolster Mastercard’s services in the subscription economy. Aim of the acquisition According to Juniper Research, there are currently 6.8 billion subscriptions worldwide, a number projected to rise to 9.3 billion by ... Read more Read more ›
0
OpenAI, the creator of ChatGPT, announced that it has raised $6.6B (approximately €6B) in funding at a $157B (approximately €142B) post-money valuation. The company received funding in the form of convertible notes. The funding round was backed majorly by existing venture capital investors, including Thrive Capital, Khosla Ventures, Microsoft, and new participation from NVIDIA, reports ... Read more Read more ›
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Barcelona-based immersion cooling company Submer has raised $55.5M (approximately €50.32M) in a growth round of funding. The round was led by M&G, which manages £346.1B in assets. The investment comes from M&G’s £5B Catalyst strategy, with Barclays Bank Ireland PLC acting as the placement agent. Existing investors, including Planet First Partners, Norrsken VC, and Mundi ... Read more Read more ›
0
Firm24 and Ligo, which specialize in online incorporations and related legal and administrative services, announced on Tuesday that they have joined Amsterdam-based Your.Online, a platform for building businesses online. Both companies help small and medium-sized entrepreneurs through their business journey using digital processes. Together, Firm24 and Ligo have already assisted over 200,000 SMEs with company ... Read more Read more ›
0
Croatia-based All Eyes On Screens (formerly AdScanner) has announced the closure of its Series B funding round. While the exact amount raised was not disclosed, The Recursive indicates that the startup secured approximately €10M. The round was led by Taiwania Capital and followed by existing investors LEAD VENTURES, J&T Ventures and South Central Ventures. Marin ... Read more Read more ›
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Copenhagen-based Final Frontier, a Nordic venture capital fund specialising in space and defence technologies announced it has officially launched. The Danish VC aims to raise €150M to enhance the commercial development of space and the innovative capabilities of the European defense sector for the safety and autonomy of European democracies. Niels Vejrup Carlsen, founding partner, ... Read more Read more ›
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Europe has long been a hotbed for innovative startups, and the third quarter of 2024 was no exception. Q3 2024 saw a significant influx of capital into the tech sector. Investors are showing increased confidence in Europe‘s potential to lead in technology, health, and sustainability. Here, we look at the ten biggest funding rounds that ... Read more Read more ›
8
Vienna-based fynk, a SaaS company specialised in developing legal workflow tools, announced on Wednesday that it has raised €3.1M in funding. The funding round was led by 3VC and 10x Founders, with participation from existing investors — Hansi Hansmann and Lisa Pallweber (Hans(wo)men Group), Moritz Thiele (CoastCap), Personio Co-Founder Ignaz Forstmeier, PlanRadar Founder Domagoj Dolinsek, ... Read more Read more ›
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Vilnius-based regulatory technology company AMLYZE has secured a €2.35M Seed funding to expand its anti-financial crime services for banks, fintechs, and Virtual Assets Service Providers (VASPs). In May 2023, AMLYZE secured €1M in its pre-Seed round led by Practica Capital, with participation from FIRSTPICK. Investors in the Seed round The Seed funding round was led ... Read more Read more ›
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Amsterdam-based My Way, a startup specialised in improving the parking experience, announced on Tuesday that it has raised €2.5M in a funding round. The capital injection comes as the Dutch company prepares for the Series A investment round planned for early 2025. According to the company, the current investment will primarily support activities in the ... Read more Read more ›
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Amsterdam-based Avantium, a company specialising in sustainable chemistry technologies, has secured a €3.5M grant from the EU Horizon Europe programme to support its involvement in the ICONIC research and development initiative. Avantium will receive the grant for its participation beginning in January 2025 and will be distributed in stages over four years. The ICONIC project ... Read more Read more ›
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Vienna-based Flinn.ai, a startup that automates and optimises compliance processes for medtech companies, has secured €6M in seed round funding. This brings the company’s total raised capital to €10M within the past 18 months. The round was led by Berlin-based early-stage venture firm Cherry Ventures, with continued support from existing investors Speedinvest and SquareOne Venture ... Read more Read more ›
8
Newcleo, a clean nuclear technology company, has announced the closure of the UK tranche of its Series A capital raise, securing €135M. With this, the company has now raised a total funding of €535M. Investors participating in Newcleo’s latest round include Inarcassa, the Italian National Pension and Security Fund for Engineers and Architects; Walter Tosto, ... Read more Read more ›
2
Earlier this year, Amsterdam’s Dott and Berlin’s TIER Mobility announced their merger to form a joint entity. TIER-Dott. On Tuesday, TIER-Dott announced that the company will operate under the single Dott brand name. Henri Moissinac, CEO of TIER-Dott, comments, “We are thrilled to announce that all TIER and Dott vehicles will be available in one ... Read more Read more ›
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Amsterdam-based Invest-NL, a national financing and development institution, announced on Tuesday that it is investing €5M in the VCC Deep Tech Fund, managed by Value Creation Capital (VCC). This fund focuses on promising sectors such as advanced optics, artificial intelligence, and nanotechnology. The VCC Deep Tech Fund is in line with Invest-NL’s strategy to support ... Read more Read more ›
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Invest-NL, a Dutch national financing and development institution, announced that it is looking to launch a new fund-in-fund initiative aimed at supporting scale-ups with pension funds, together with pension funds. The CEO of Invest-NL, Rinke Zonneveld, announced the plans on LinkedIn to establish a fund with a target size ranging from €600M to €1B, which ... Read more Read more ›
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Most popular sources
Business Insider
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38% 6 |
Financial Times
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14% 13 |
The Verge
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13% 7 |
Tom's Hardware
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7% 2 |
Gizmodo
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6% 3 |
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24.11.2024 01:14
Last update: 01:05 EDT.
News rating updated: 08:00.
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