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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 07/18/2025 09:53 EDT

Dutch-based Battolyser Systems and VDL Hydrogen Systems merge to build the first flexible electrolyser for industrial use

Two Dutch companies, Schiedam-based Battolyser Systems and Eindhoven’s VDL Hydrogen Systems – part of VDL Groep – have agreed to merge into a single company. The partnership will offer a fully flexible pressurised alkaline electrolyser tailored for large-scale industrial applications. The new company will focus on developing and marketing this technology, with VDL Groep serving ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 07/18/2025 09:00 EDT

Dutch biotech Solynta secures €20M EIB funding to develop disease-resistant, climate-resilient potato seeds

Gelderland, the Netherlands-based Solynta, a biotechnology company that specialises in hybrid potato breeding, has secured €20M venture debt financing from the European Investment Bank (EIB). The EIB backing is supported under the European Commission’s InvestEU programme. The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 07/18/2025 08:27 EDT

After record-breaking 2024 and €45M M&A firepower, Amsterdam’s Recharge acquired by Singapore’s Coda

Singapore-based Coda, a global leader in digital content monetisation platform, has signed a definitive agreement to acquire Recharge, an Amsterdam-based prepaid payments platform. The acquisition helps Coda expand beyond gaming and enhances its ability to serve a wider digital content market across different categories and regions. It increases Coda’s presence in Europe and strengthens its ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/18/2025 06:57 EDT

WeTransfer AI clause sparks uproar; Co-founder Ronald Hans returns with ‘Boomerang’

Dutch file-sharing platform WeTransfer has landed in hot water after users discovered new terms that suggested the company could use their files to train AI models. The clause received lots of criticism from customers on social media (including authors and comedians) after changing its terms of service, which some interpreted as allowing it the right ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/18/2025 06:23 EDT

Dutch VC SHIFT Invest announces first close of new impact fund at €92M; discover its investment focus and target

Amstelveen-based SHIFT Invest, a Dutch venture capital firm, has announced the first close of its fourth fund, SHIFT Invest IV, securing €92M towards its target of €150M. The fund will invest in early-stage companies, including ventures at the proof of concept, seed, and Series A stages, developing solutions to tackle climate change, resource depletion, and ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/18/2025 05:04 EDT

EIC commits €20M to Ukrainian deeptech startups and SMEs in a bid to connect them with Europe’s innovation ecosystem

The European Innovation Council (EIC) announced that it will provide €20M in funding for deeptech startups and SMEs in Ukraine.  The funding is part of a broader effort to support Ukraine’s innovation sector during the ongoing conflict with Russia. The goal is to promote the development of new technologies and strengthen connections between Ukrainian innovators ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/18/2025 03:14 EDT

Amsterdam’s Farm in a Box gets €350K for its plug-and-play land-based aquaculture system

Amsterdam-based Farm in a Box, a startup developing modular, easy-to-assemble recirculating aquaculture systems (RAS), has received €350,000 in funding from the North Holland Innovation Fund. The North Holland Innovation Fund is an initiative of the Province of North Holland, the University of Amsterdam, Vrije Universiteit, Amsterdam University of Applied Sciences, Amsterdam UMC, and Sanquin. The ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/18/2025 02:48 EDT

Norwegian startup Remora Robotics reels in €13.7M to dive deeper into aquaculture automation

Norway-based Remora Robotics, a tech company that specialises in aquaculture robotics, has raised NOK 164M (nearly €13.73M) in a funding round. The investment will support the rollout of its autonomous cleaning robot for aquaculture. The round was led by Hatch Blue through its Blue Revolution Fund, with strong participation from existing shareholders. Thomas Grieg from ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/17/2025 11:40 EDT

What’s in a name: How a sci-fi-inspired working title became the North Star for this Amsterdam startup

In today’s tech-focused world, a company’s name can act as its mission statement—bold, memorable, and full of meaning. For Interstellar Group, a simple placeholder turned into a brand that reflects their identity, goals, and dedication to innovation. We spoke with Maarten van Montfoort, founder and CEO of Interstellar Group, to find out how this accidental ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/17/2025 10:49 EDT

Swedish AI startup Lovable hits unicorn status; raises €172M at €1.65B valuation

Swedish AI startup Lovable, a platform that lets users build apps and websites using plain language, has secured $200M (approximately €172M) at $1.8B valuation in a Series A round led by Accel. Existing investors, including 20VC, byFounders, Creandum, Hummingbird, and Visionaries Club, also participated in the round, reports TechCrunch. The Swedish company will use the ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/17/2025 08:56 EDT

Stuttgart’s Q.ANT raises €62M to scale energy-efficient photonic processors for AI and high-performance computing

Stuttgart-based Q.ANT has announced a €62M Series A funding round. The scale-up focuses on photonic quantum technologies in computing and sensing. The round was co-led by Cherry Ventures, UVC Partners, and imec.xpand, with participation from investors including L-Bank, Verve Ventures, Grazia Equity, EXF Alpha of Venionaire Capital, LEA Partners, Onsight Ventures, and TRUMPF. Cyril Vancura, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/17/2025 06:56 EDT

Despite $5.9B profit, Booking.com reportedly plans significant job cuts: Here’s why

Booking.com, an Amsterdam-based online accommodation booking platform, will slash its workforce by “more than 200 and fewer than 1,000.”  The layoffs are expected to have a significant impact on its Amsterdam workforce, says the company’s spokesperson to NU.nl. “The exact number has not been officially confirmed yet, but it is close to a thousand,” the ... Read more Read more

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Silicon Canals
Guest Contributor @ Silicon Canals · 07/17/2025 06:28 EDT

How I learned to stop worrying and love the algorithm

Here’s the scene: it’s Tuesday afternoon, 3:47 PM, perfectly sunny, and a pleasant 23 degrees (that’s 73.4 degrees for my fellow Americans). Any given press release hits a targeted journalist’s inbox. Standard fair, right? Well, it used to be. Before said journalist even cmd/2’s over to the email tab, ChatGPT has already dissected the content, ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/17/2025 04:37 EDT

Amsterdam-based Stellantis ends hydrogen programme, eyes scalable electric solutions

Amsterdam-based Stellantis, a global automaker, has announced the end of its hydrogen fuel cell technology development programme. The company cited several market conditions, including infrastructure limits, investment needs, and low demand signals, as key reasons behind the move. Production of hydrogen-powered Pro One vans will stop at Stellantis facilities in Hordain, France, and Gliwice, Poland. ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/17/2025 03:52 EDT

Amsterdam’s Crisp secures €28M loan from this Dutch bank to fuel sustainable growth

Amsterdam-based Crisp, an online supermarket, announced a financing partnership with ABN AMRO, securing a €28M credit facility to support its sustainable business model and strategic growth across the Netherlands. ABN AMRO is a Dutch bank that offers retail, corporate, and private banking services with a focus on Northwest Europe. The bank serves over 5 million ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/17/2025 03:00 EDT

Austrian startup Fiber Elements raises €2.6M to cement basalt’s role in the future of construction

Leoben, Austria-based Fiber Elements, a startup specialising in automated basalt fiber manufacturing for the construction industry, has raised €2.6M in seed funding. The round was led by LEA Partners alongside the Amadeus APEX Technology Fund. With over €2B in cumulative capital commitments, LEA Partners is an entrepreneurial-minded multi-stage Venture and private equity firm investing in ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 07/17/2025 02:36 EDT

Put your cash to work: Paris-based Spiko raises €18.9M from Index Ventures, Revolut co-founder, others

Paris-based Spiko, a fintech company operating in the European cash management market using tokenised infrastructure, has announced a $22M (nearly €18.96M) Series A funding round. The investment was led by Index Ventures, with participation from White Star Capital, Frst, Rerail, Bpifrance, and Blockwall. Individual investors included Revolut co-founder Nikolay Storonsky, Kyriba founder Jean-Luc Robert, Bridge ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/16/2025 10:07 EDT

England’s GRIDSERVE secures €115M to accelerate high-power EV charging across UK’s busiest roads

Buckinghamshire, England-based GRIDSERVE, an EV charging provider, has secured £100M (approximately €115M) in new equity investment from its institutional shareholders. The round was backed by TPG, Infracapital, and Mitsubishi, joining GRIDSERVE’s existing debt facilities. TPG is a global alternative asset management firm with $251B of assets under management. TPG invests across a broadly diversified set ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/16/2025 08:33 EDT

Ventures.eu and Dealflow.eu announce first close of €30M VC fund for European and Portuguese startups

Lisbon-based Ventures.eu, in partnership with Dealflow.eu, announced the first closing of Ventures.eu Fund I, aimed at supporting early-stage startups across Portugal and Europe. The fund aims to raise €30M in total capital. Ventures.eu Fund I will back startups led by “high-potential founding teams with a clear global vision,” says the Portugal firm.   60/40 share The ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 07/16/2025 06:49 EDT

ASML hits top-end of Q2 guidance with €7.7B sales, €2.3B profit; 2026 caution knocks 6.5% off stock

Veldhoven-based ASML Holding, a manufacturer of chip-making equipment, has published its 2025 Q2 results. The company has reported a total net sales of €7.7B, a gross margin of 53.7 per cent, and a net income of €2.3B. Notably, the company, in its own previous forecast issued in April, said it expected second-quarter net sales of ... Read more Read more

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12.06.2026 23:50
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