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Silicon Canals
Vishal Singh @ Silicon Canals · 05/13/2025 01:29 EDT

Amsterdam-based Lleverage, an AI platform focused on process automation without developer input, has secured €3M in funding from Dutch tech investor Peak.  This round brings the company’s total funding to €5M, following a €2M pre-seed round in July 2024. Founded less than a year ago, Lleverage is expanding its AI automation services for businesses in ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 05/12/2025 10:37 EDT

After nearly 300% revenue surge, London’s Ascendx raises €99M to scale AI-driven CRM solutions globally

London-based Ascendx, a provider of enterprise-grade CRM SaaS solutions, has raised $110M (approximately €99M) in funding led by Osprey Investors and Columbia Lake Partners, as well as high-caliber angel investors. Based out of London. Osprey is a private equity firm investing in technology-driven businesses. The firm leverages its deep sector expertise and relationships to identify ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 05/12/2025 10:29 EDT

High-Tech Gründerfonds (HTGF) announces HTGF Family Day 2025, bringing together investors and “visionary entrepreneurs” for two days of interaction. To be held on May 19–20 at STATION Berlin (Germany), the event begins with the HTGF Networking Night and continues with a full-day programme and the celebration of HTGF’s 20-year journey. Participants will take part in ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 05/12/2025 09:03 EDT

Barcelona’s Heura Foods gets €20M boost from EIB to expand sustainable food tech: Know more

Barcelona-based Heura Foods, a startup that produces 100 per cent plant-based, sustainable, and healthy food products, has secured a €20M loan from the European Investment Bank (EIB). The operation is backed by InvestEU, an EU programme that aims to unlock over €372B in investment by 2027. It will prioritise the EU’s strategic objectives, such as ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 05/12/2025 07:32 EDT

Delft-based Flying Fish Maritime Innovations BV, a Dutch company working toward sustainable shipping through zero-emission fleet operations, has received a minority investment from CPAC Systems AB, a subsidiary of the Volvo Group. Sweden’s CPAC Systems develops embedded control and automation systems for the marine, construction, agriculture, and commercial vehicle sectors. It works in areas including ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 05/12/2025 02:56 EDT

Klarna U-turns on AI: Rehires humans for customer support after quality complaints

Stockholm-based Klarna, an AI-powered global payments network and shopping assistant, is shifting its customer service strategy after touting AI’s potential to replace human work. As a part of the strategy, the Swedish fintech unicorn is reintroducing human agents alongside its AI-powered chatbot, reports Bloomberg. This move aims to enhance service quality and address the limitations ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 05/12/2025 02:12 EDT

Amsterdam-based TIN Capital, a Dutch venture capital firm founded in 1998, has secured an additional €15M from Dutch investors for its second cybersecurity fund, the European Cyber Tech Fund V.  This contribution adds to earlier commitments totalling tens of millions of euros. The investment is part of an ongoing fundraising round. The final close is ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 05/10/2025 08:35 EDT

Amsterdam-based AI data firm Toloka raises €64M round led by Jeff Bezos

Amsterdam-based Toloka, a provider of high-quality data solutions for artificial intelligence (AI), has secured a $72M (approximately €64M) strategic investment led by Bezos Expeditions, the investment firm of Amazon founder Jeff Bezos. Bezos Expeditions is the personal investment firm of Jeff Bezos, founder of Amazon.com. The firm manages a portfolio of investments across various sectors, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 05/10/2025 05:41 EDT

In other news this week: Utrecht’s CryoCloud raises €2M, Breathe Battery Technologies bags €18.3M, Orca AI secures €64M, and more

In the world of technology, every day, we come across multiple news stories that hit the headlines in terms of funding, breakthroughs, or acquisitions. This week, from May 5th to 9th, has been no exception. Amid the array of major announcements and cutting-edge innovations, several noteworthy news items might have slipped under your radar. Here’s ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 05/09/2025 10:29 EDT

Artificial Intelligence is everywhere! It has become an integral part of the workplace. However, most of the companies lack clear oversight and policies. Recent research shows that 73 per cent of employees already use AI (like ChatGPT) without permission. At the same time, 40 per cent of organisations have no clear approach or are delaying ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 05/09/2025 08:33 EDT

ATMOS Space Cargo, a space logistics startup based in Lichtenau, Germany, has announced a strategic alliance with ARX Robotics, a company specialised in autonomous unmanned ground systems (UGVs). This partnership aims to integrate orbital re-entry logistics with autonomous unmanned systems (UxS). This partnership will improve Europe’s ability to respond quickly to critical situations, such as ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 05/09/2025 07:45 EDT

London-based Gardin Agritech, a company that offers an operating system for food production, has secured $4.5M (nearly €3.99M) in a Seed 2 funding round. The UK-based company’s technology is designed to monitor greenhouse crop health at scale and in real time. The round was led by Navus Ventures, with additional support from Oxford Innovation Finance, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 05/09/2025 05:56 EDT

On Thursday, Coinbase Global announced that it has signed an agreement to acquire Deribit, a crypto derivatives exchange, for approximately $2.9B (approximately €2.57B). The transaction comprises $700M (approximately €622B) in cash and 11 million shares of Coinbase Class A common stock. Founded by brothers John and Marius Jansen, Deribit is a cryptocurrency futures and options ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 05/09/2025 04:46 EDT

Zurich-based Scalera, an AI-based tender assistant, announced that it has secured €6.5M in funding within three days. The round included multiple term sheets and interest from several investment firms. The lead investor finalised terms in just over 48 hours, marking their fastest commitment and largest investment from the fund to date. Lead investment came from ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 05/09/2025 04:27 EDT

Frankfurt-based Bosch, a supplier of technology and services, has announced the launch of Fund VI, a €250M commitment to investing in deep-tech startups worldwide. The company will use the funds to back science-driven startups that are solving critical challenges in energy, mobility, automation, and beyond. Stefan Hartung, chairman of the board of management of Robert ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 05/09/2025 04:10 EDT

Finland-based Foodiq, a company specialised in providing Multi-Layer Cooker (MLC) technology for food producers, has secured €10M funding from undisclosed investor/s. The company will use the funds to accelerate international expansion and scale up breakthrough food manufacturing technology (Multi-Layer Cooker, MLC). “This raise is a strong vote of confidence in our vision and business model,” ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 05/09/2025 02:33 EDT

Dutch-based AppSignal ends bootstrapping streak; raises €19.5M and appoints new CEO

Netherlands-based AppSignal, a company that provides developers with actionable insights into their applications, has closed a $22M (nearly €19.58M) Series A funding round led by Elsewhere Partners. The funding will support the company’s global expansion and focus on application performance monitoring solutions for mid-market organisations.  Besides the funding, AppSignal also named Brandon Swalve as Chief ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 05/08/2025 09:41 EDT

What’s in the Name: How this Icelandic startup took an unusual path to the optimal brand name

Many websites suffer from poor performance due to slow page speed, weak UX, broken elements, and ineffective SEO. While existing web analytics tools offer data, they rarely offer direction. And that’s where Reykjavik, Iceland-based Optise comes into play! Led by Ómar Thor Ómarsson, Optise is the first AI-powered platform for website insights designed for B2B ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 05/08/2025 08:36 EDT

Rotterdam-based Conversion Crew is now part of European HubSpot platform Siloy: Know more

Siloy, a European HubSpot platform, announced that it has merged with Rotterdam-based HubSpot agency Conversion Crew. This move aims to expand Siloy’s operational reach and internal expertise. HubSpot is a CRM platform that offers software and support to help businesses grow better. Conversion Crew has a team of 15 and focuses on HubSpot implementations and ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 05/08/2025 05:21 EDT

London-based Doubleword (formerly TitanML), a self-hosted inference platform for enterprises, has secured $12M (approximately €10.6M) in a Series A funding round led by Dawn Capital.  Dawn is Europe’s leading specialist B2B software investor, with assets under management of over $2B.  Dawn is primarily an early-stage investor, backing companies from Series A and B, and continuing ... Read more Read more

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