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Vigneshwar Ravichandran @ Silicon Canals · 08/05/2025 05:06 EDT

Airwallex soars in the land of windmills: Dutch revenue up 199% in Q2 2025 YoY

San Francisco-based Airwallex, a payments and financial platform for modern businesses, announced that it has witnessed exponential growth in the Netherlands (NL), in the last year. In Q2 2025, its revenue increased by 199 per cent compared to the same period in 2024. Additionally, the company has tripled its customer base in the same period. ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 08/05/2025 04:31 EDT

Barcelona Supercomputing Centre spinout Qbeast raises €6.5M in Seed funding

Qbeast, a spin-off of the Barcelona Supercomputing Centre, created to solve the toughest trade-offs in lakehouse technology, has secured $7.6M (nearly €6.57M) in seed funding to enhance its data optimisation platform. The funding round was led by Peak XV’s Surge (formerly Sequoia Capital India), with additional participation from HWK Tech Investment and Elaia Partners. Qbeast ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/05/2025 03:31 EDT

US AI startup AIxBlock secures EU backing: €1.5M grant awarded, €61.5M pre-approved for European expansion

Delaware, US-based AIxBlock, a decentralised AI tech startup, has secured a €1.5M innovation grant from the European Union, along with up to €61.5M in two additional grants that have been pre-approved to support its long-term expansion across Europe. The US company’s €1.5M secured grant comes with zero dilution, with onboarding (KYC) underway prior to fund ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/05/2025 02:30 EDT

France-based EssilorLuxottica acquires Belgium’s Automation & Robotics: Know more

Paris-based EssilorLuxottica, a company that designs, manufactures and distributes ophthalmic lenses, frames and sunglasses, has acquired Automation & Robotics (A&R), a designer and manufacturer of automated systems for optical lens quality control. A&R serves both mass production facilities and prescription laboratories. Aim of the acquisition Founded in 1983 and based in Belgium, A&R provides technologies used ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/04/2025 10:34 EDT

Luxembourg’s Banking Circle finalises acquisition of ASL: Know more

Luxembourg-based Banking Circle, a technology-led payments bank, has completed its acquisition of Australian Settlements Limited (ASL), a licensed Authorised Deposit Taking Institution (ADI) in Australia. The agreement was signed in December 2024.  The acquisition brings together ASL’s ADI licence and domestic banking, payments, and settlement operations with Banking Circle’s cross-border payments and infrastructure network. The ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/04/2025 10:08 EDT

Edinburgh-based Approov raises €5.7M to boost mobile app and API security

Edinburgh-based Approov, a company specialised in mobile app and API security, has raised £5M (approximately €5.7M) in a Series A funding round led by the Investment Fund for Scotland managed by Maven Capital Partners.  Operated by the British Business Bank, the Investment Fund for Scotland (IFS) provides a mix of debt and equity funding. IFS ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/04/2025 07:33 EDT

Amsterdam BUX launches Europe’s first self-directed active ETF portfolios with J.P. Morgan

Amsterdam-based BUX, a neo-brokerage platform, has announced the launch of BUX Prime Investment Plans. These plans feature J.P. Morgan Asset Management’s active ETFs in pre-built multi-asset portfolios designed to make active management accessible and affordable. The announcement comes a couple of weeks after UpToMore, The Hague-based fintech company, announced the launch of an investment app ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/04/2025 07:01 EDT

Estonia’s Sunly gets €85M to build solar parks powering 180,000 homes in Latvia

Tallinn-based Sunly, a renewable energy company and an investor in renewable energy and electrification startups, has secured nearly €85M in international financing to develop solar energy projects in Latvia. The Estonia-based renewable electricity provider will receive €35.2M each from the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), and €14.4M ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/04/2025 05:30 EDT

Prague-based Resistant AI secures strategic investment from Experian to combat APP fraud

Prague-based Resistant AI, a company that protects financial services from financial crime, has secured a strategic investment from Experian, a global data and technology company. Experian is a global data and technology company that focuses on providing data-driven solutions for individuals and businesses. The company works to improve lending practices, identify and prevent fraud, simplify ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/04/2025 03:58 EDT

England’s SIS Pitches acquires Dutch-based DrainTalent and HeatTalent to boost sustainable sports surfaces

Maryport, England-based SIS Pitches, a company specialised in sports surface solutions, has acquired a majority stake in DrainTalent, a Netherlands-based business specialising in circular soil management systems, and HeatTalent, an innovative and sustainable electric undersoil heating. SIS Pitches manufactures and installs sports surface solutions, pitches, courts and track construction and maintenance services. This recent acquisition ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/04/2025 03:03 EDT

AXA to acquire Italian insurtech Prima: Know more

Paris-based AXA, a global insurance and financial services company, has announced an agreement to acquire Milan’s Prima, a direct insurance company in Italy with recorded premiums of €1.2B in 2024. Founded in 2015, Prima has gained a significant share in the retail motor insurance segment in Italy, holding around 10 per cent of the market. ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 08/02/2025 05:46 EDT

In other news this week: Unmind raises €30.6M, Evaro raises €23M, Xoople lands €22M, and more

The startup world hasn’t slowed down one bit. Over the past couple of weeks, there’s been a wave of fresh funding, partnerships, and acquisitions across Europe and beyond. From AI and fintech to deeptech and health, companies are raising funding, expanding globally, and teaming up to solve real-world problems. Having said that, it is important ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 08/01/2025 11:37 EDT

AI Tool of the Week: Amsterdam’s LearnWise unveils AI tool to streamline university grading and ease educator burnout

When it comes to large institutions, feedback is often too slow and inconsistent. As a result, educators spend countless hours grading long-form assessments. And here’s where Amsterdam-based LearnWise comes into play! LearnWise: AI-powered edtech platform Founded in 2023, LearnWise is led by a team of education technology experts, including Greg Marschall, Michel Visser, Pietro Vigilanza, ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 08/01/2025 09:07 EDT

Delft-based Arceon lands investment from GA-ASI to advance high-temperature composite tech

Delft-based Arceon, a company developing Advanced Ceramic Matrix Composites (ArCMC) to improve materials and structures, secures investment from General Atomics Aeronautical Systems Inc. (GA-ASI). The announcement comes ten months after the Blue Magic investment and innovation conference in the Netherlands last November, where GA-ASI and its partners heard pitches from innovative Dutch companies about the ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 08/01/2025 07:16 EDT

Portugal’s Reckon.ai raises €5.1M to accelerate global rollout of AI-powered smart lockers

Porto-based Reckon.ai, a SaaS startup, has raised €5.1M in a fresh funding round led by Iberis Capital.  Private equity funds Alea Capital Partners and Touro Capital Partners also participated in this round.  Founded in 2017, Iberis Capital is a Portugal-based private equity and venture capital firm with over €600M in assets under management and a ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 08/01/2025 07:14 EDT

UK BFR wearables startup Hytro secures €2.3M from Arsenal’s Timber Twins, NFL stars, others

London-based blood flow restriction (BFR) brand Hytro has raised approximately £2M (nearly €2.30M) in its latest funding round, backed by athlete-led investment syndicates Joyned Capital and Skin In The Game. New investors include Arsenal footballer Jurrien Timber (Arsenal FC), his twin brother Quinten Timber (Feyenoord), and NFL player Benjamin St-Juste of the LA Chargers. They ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 08/01/2025 06:12 EDT

Cambridge Innovation Capital commits €115.3M to University of Cambridge spinouts, also launches EIR programme

Cambridge Innovation Capital (CIC), the VC firm investing in the UK’s highest-potential deep tech and life sciences companies, announced that it is committing at least £100M (approximately €115M) to invest in spinouts from the University of Cambridge.  The £100M funding is part of the launch of CIC’s Fund III, its latest £250M (approximately €280M) early-stage ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/01/2025 05:26 EDT

Madrid-based Altano Energy secures €60M to expand its renewable energy platform in Spain

Madrid-based Altano Energy, a renewables investment company, has announced that M&G Investments will invest €60M in its platform. The funding will support the expansion of Altano Energy’s operations across solar, hydro, wind, and storage sectors. The partnership aligns with Altano’s ongoing efforts to build a diversified energy model. M&G’s Infrastructure & Real Assets team, part ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/01/2025 04:05 EDT

Amsterdam’s Labfresh raises €1M via crowdfunding to launch smart womenswear line

Amsterdam-based Labfresh, a startup that aims to fight overconsumption by developing intelligent apparel, announced that it has reached the target amount of €1M through crowdfunding on the eyevestor platform.  The Dutch company raised a total funds from 331 investors. The company will use the funds to launch a smart womenswear collection.   According to  Kasper Brandi ... Read more Read more ›

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Silicon Canals
Guest Contributor @ Silicon Canals · 08/01/2025 02:17 EDT

Entrepreneurship in Europe: Unlocking the next 10 years of growth

In 2015, the year Oscar Pierre and I founded Glovo, the environment for entrepreneurs in Southern Europe was still quite limited. Capital access, regulatory frameworks and support networks were inconsistent, restrained within markets or simply unclear, and high-level VCs with capital were scarce. Today the landscape is certainly better, but many challenges remain that are ... Read more Read more ›

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