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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Paris-based Dotfile, a RegTech company, announced on Tuesday that it has secured €6M in the latest fundraising round. This new round is led by Seaya Ventures, with the participation of existing investors Serena and Hexa. This new investment comes over a year after our first round of €2.5M. The French company will use the funds ... Read more Read more ›
0
Netherlands-based Meatable, a startup specialising in cultivated meat technology, has been awarded €7.6M through the Innovation Credit programme administered by the Netherlands Enterprise Agency (RVO). RVO is committed to helping businesses and organisations invest and expand their operations domestically and internationally. As a government agency under the Dutch Ministry of Economic Affairs, RVO claims to ... Read more Read more ›
0
Amsterdam-based bunq, a neobank, on Monday announced that it has rolled out a new update, Update 26, in Amsterdam. As a part of the update, the Dutch neobank launched Stocks — a new investment product designed particularly for digital nomads. The move comes in light of bunq’s research that 47 per cent of European digital ... Read more Read more ›
21
Enginsight, a German provider of cybersecurity solutions for small and medium-sized enterprises (SMEs), announced that it raised €6M in a fresh round of funding led by UVC Partners, with Carsten Maschmeyer’s seed+speed fund as a co-investor. The investment will help the company enhance its platform to protect Germany’s SMEs from increasing cyber threats. Alexander Kölpin, ... Read more Read more ›
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London-based Desia, a system of intelligence and AI productivity for investment professionals, announced on Tuesday that it has secured $3.3M (approximately €3M) in a pre-seed funding round led by Dig Ventures. Other investors, including 2100 Ventures, Exor Ventures, and Octopus Ventures, also participated. The funding round was joined by a group of angel investors, including ... Read more Read more ›
6
Amsterdam-based Userguest, a hotel tech startup that is dedicated to maximising direct revenue, announced that it has closed a €2.2M seed funding round. The funding was led by Al Mada Ventures and supported by a consortium of investors including CDG Invest, Saviu Ventures, UM6P Ventures, Kalys Ventures, Plug and Play Africa, along with business angels ... Read more Read more ›
7
Warsaw-based Pergamin, a contract management platform, announced on Tuesday that it has secured $3M (approximately €2.6M) from OnDean Forward, bringing the total funding raised to date to $5M (approximately €4.4M). The Polish company will use the funds to build a global contract automation platform. In addition to the funding, OnDean Forward will assist the company ... Read more Read more ›
0
Rotterdam-based Engaige, an AI-powered customer service automation platform, announced that it has raised €1M in an oversubscribed seed round of funding. The round was led by the Graduate Entrepreneur Fund, with participation from Mamadoo Ventures, Keadyn, and other angel investors. The funds will be used to expand the team and accelerate the international rollout of ... Read more Read more ›
0
Abu Dhabi-based Mubadala, a sovereign investor, has taken a significant stake in Revolut, a London-based fintech company, through a share sale that valued the firm at $45B (approximately €40B). The move comes as the Mubadala investment focuses on deploying capital in Europe. Over the past five years, the Abu Dhabi-based investor has been involved in ... Read more Read more ›
13
Stockholm-based Northvolt, a lithium-ion battery manufacturer, has announced a restructuring of its operations in Sweden, to accelerate large-scale battery cell production at its flagship facility, Northvolt Ett. As part of this shift, the company will reduce its workforce by nearly 1,600 employees across its Skellefteå (1,000 positions), Västerås (400 positions) and Stockholm (200 positions) locations. ... Read more Read more ›
0
Amsterdam-based Move Energy Fund, a venture capital focusing on early-stage ventures and technologies supporting the energy transition, announced on Tuesday that it has secured €10M from Invest-NL, a National Financing and Development Institution of the Netherlands. The announcement comes after Invest-NL received €900M from the government in additional financing up to and including 2029. Move ... Read more Read more ›
0
London-based Howbout, a social scheduling app, has secured $8M (approximately €7.19M) in a Series A round of funding led by Goodwater Capital with participation from FJ Labs, Sequel, and England and Manchester United footballer Harry Maguire. Existing investors Boost Capital Partners and Angel Invest also contributed to the round. Other previous investors include Supernode Global, ... Read more Read more ›
0
Milan-based Ephos, the producer of glass-based photonic chips, announced on Monday that it has secured $8.5M (approximately €7.6M) in a Seed funding round led by Starlight Ventures. Other investors, including Collaborative Fund, Exor Ventures, 2100 Ventures, and Unruly Capital, among others, as well as angel investors Joe Zadeh (former Vice President at Airbnb), Diego Piacentini ... Read more Read more ›
1
Barcelona-based Sateliot, a company behind the first low-Earth orbit (LEO) nanosatellite constellation utilising 5G NB-IoT NTN standards, announced that it has secured €10M in a Series B funding round led by Global Portfolio Investments, a Spanish investment group. The announcement comes as the Spanish company aims to get €30M from investors to launch 100 nanosatellites ... Read more Read more ›
0
Amsterdam-based impact investor The Sharing Group (TSG) has increased its stake in Drop Mobility to a majority share, aiming to accelerate the startup’s growth. Drop Mobility, now part of The Sharing Group, joins other companies focused on sharing initiatives, including MyWheels, Mijndomein, EnergyZero, HomeZero, Hegg Energy, and Cargoroo. Karen van den Boom, who joins Drop ... Read more Read more ›
1
Oxford, England-based FluoRok, a deep-tech focused on fluorochemical manufacturing and licensing, announced on Monday that it has secured £7.7M (approximately €9.2M) in a fresh funding round. The oversubscribed round was led by BGF alongside the Green Generation Fund and included battery specialist Volta Energy Technologies, current investors (Oxford Science Enterprises and University of Oxford), Excellis ... Read more Read more ›
0
Stockholm-based H2 Green Steel, a company that aims to decarbonise the steel industry using green hydrogen, has announced that it has changed its name to Stegra. “The team continues to prove that it is possible to do more and change things fast, also in an industry that has been considered difficult to decarbonise for a ... Read more Read more ›
16
Paris-based Jump, a workforce startup, announced that it has raised €11M in a Series A round of funding. The pan-European fund Breega led the round, with participation from Index Ventures, Roosh Ventures and RAISE Seed For Good. Following an initial €4M funding round in 2021, this new capital will help Jump expand in France and ... Read more Read more ›
2
We know it’s been a busy week, and with so much happening worldwide, it’s easy to miss some of the smaller but equally important stories. Here’s a brief roundup of news we have missed this week (September 16 – 20). Flink raises €134.6M to double down in Germany and the Netherlands Based out of Berlin, ... Read more Read more ›
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Paris-based health insurance partner Alan has raised €173M in a Series F funding round led by Belfius, a Belgian Federal State-owned bank insurer. With this round, the company has reached a valuation of €4B. Besides Belfius, the round also saw participation from existing investors including OTPP via Teachers’ Venture Growth, Temasek, Coatue, and Lakestar, as ... Read more Read more ›
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Most popular sources
Business Insider
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45% 0 |
Financial Times
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12% 11 |
The Verge
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10% 4 |
Tom's Hardware
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7% 2 |
Gizmodo
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6% 3 |
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24.11.2024 03:41
Last update: 03:10 EDT.
News rating updated: 10:30.
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