Riga-based Carguru, a car-sharing provider, announced that it has merged with the electric car-sharing startup OX Drive, creating the largest electric car-sharing service in the country. This strategic move strengthens Carguru’s market leadership by adding over 200 new electric vehicles, including Tesla and Audi models, to its fleet. These vehicles will be available exclusively through ... Read more Read more ›
2
Gothenburg, Sweden-based Nordic SeaFarm, a company specialised in sustainable seaweed cultivation, announced on Tuesday that it has secured 25M SEK (approximately €2.1M) from InnoEnergy and Inter IKEA as lead investors. The funds will primarily be used to further develop R&D capabilities and to scale up ocean cultivation in Europe to meet the rising global demand ... Read more Read more ›
36
Oslo-based Cardboard, a company that aims to make SaaS subscription management easier, announced on Tuesday that it has secured €1.9M in a seed funding round led by Skyfall Ventures, with participation from co-investors including RunwayFBU and Sondo. The company will use the funds to simplify subscription management for startups, scaleups, and SMEs, who often face ... Read more Read more ›
0
G Squared, a growth-stage venture capital firm, announced on Monday, August 26, that it has closed its sixth flagship fund — G Squared VI, at $1.1B in committed capital. With this additional capital in G Squared VI, G Squared now has approximately $4B (approximately €3.5B) under management. To date, the VC has deployed $5B (approximately ... Read more Read more ›
26
Helsinki-based Jobilla, a company specialising in digital recruitment technology, announced that it has secured €6M in additional funding. The investment came from Juuri Partners, Trind VC, Business Finland, business angels, and Matti Vikkula, who joins as Chair of the Board. Vikkula, known for his extensive management experience, including at PwC and currently as CEO of ... Read more Read more ›
6
The ever-evolving digital age has brought numerous conveniences into our lives, and managing finances is no exception. Gone are the days of awkward conversations about who owes what and how much! Meet Cino an app that addresses a common yet cumbersome task—splitting bills and sharing expenses. Founded in 2021 by Elena Churilova, and Lina Saleh, ... Read more Read more ›
3
Zurich-based Redalpine, a Swiss venture capital firm that empowers “GameChangers”, has secured its largest fund to date, the oversubscribed $200M (approximately €179M) Redalpine Capital VII (RAC VII). According to the Swiss VC firm, this deal marks a milestone in nearly two decades of supporting innovative and disruptive startups. In addition to the new fund, Redalpine ... Read more Read more ›
3
Polish bus manufacturer MMI, a producer of small and medium-sized buses, has secured €7.7M from the Vinci SA fund to develop electric buses in three variants including low-entry, low-floor, and normal-floor. Vinci SA, owned by Bank Gospodarstwa Krajowego, funds Polish businesses to help keep new technologies and patents in Poland and promote them worldwide. It ... Read more Read more ›
3
Harlem-based Health Cloud Initiative (HCI), a company that develops software for professionals in healthcare, on Monday, announced that it has acquired the shares of SpotOnMedics, a provider of EHR software for physical therapists from VvAA. The acquisition enables both companies to better respond to the rapidly changing healthcare market and contribute to a higher quality ... Read more Read more ›
2
UK-based Sunswap, a cleantech startup focused on transforming cold chain logistics, has secured over €20M in a funding round led by BGF, reports EU-Startups. The investment came from a consortium of investors, including BGF, Shell Ventures, Dutch VC fund Move Energy, and existing backers Barclays and the Clean Growth Fund. Capital utilisation The proceeds will ... Read more Read more ›
32
Amsterdam-based Alphadoc, a platform that helps product and development teams create documentation fast, announced recently that it has shut down its operation on 16 August 2024. The announcement comes as the Dutch company struggled to generate sufficient revenue to sustain its operation. “Even though we received much praise from our users, we have not been ... Read more Read more ›
2
Amsterdam-based Dutch Operator Fund, an investment fund targeting tech-driven Dutch startups in the pre-seed and seed stages, has announced the launch of its first fund, Dutch Operator Fund I, to provide an initial financing opportunity to Dutch startups. Dutch Operator Fund I has raised €2M for its first fund, with capital from the founders and ... Read more Read more ›
39
The Dutch Data Protection Authority (DPA), on Monday, announced that it has imposed a fine of €290M on Uber. This is the third fine that the Dutch DPA imposed on Uber. The Dutch DPA imposed a fine of €600,000 on Uber in 2018, and a fine of €10M in 2023. Uber has objected to this ... Read more Read more ›
1
Stockholm-based Gilion (formerly Ark Kapital), a growth and lending platform, announced that it has appointed Lidia Oshlyansky as its new Chief Product Officer (CPO). With over 25 years of experience in product development, user experience, research, and design, Oshlyansky will contribute her expertise to support Gilion’s mission of creating the world’s largest Growth Platform for ... Read more Read more ›
15
Pavel Durov, founder and CEO of instant messaging app Telegram, was arrested on Saturday, August 24, when he exited his private jet at Le Bourget airport, outside Paris. This news was first announced by French news outlet TF1Info. The reason behind the arrest According to the officials, Durov’s arrest was made under a warrant related ... Read more Read more ›
2
Robert Vis, Founder & CEO of Bird, announced on Friday that he will be shifting from the Gmail app to Inbox.ai on iOS. The announcement comes as Bird launched the “Mail” app that offers more than just basic email features, says Vis in a LinkedIn post. According to Vis, the new app boasts single-threaded channels ... Read more Read more ›
2
Time and technology wait for none! In this fast-paced world of technology, startups, and scale-ups, covering every single story can be challenging. We at Silicon Canals strive to provide our audience with the up-to-date news possible, uncovering the latest funding rounds, acquisitions, and innovative developments in the tech industry. However, we do miss out on ... Read more Read more ›
0
Prague-based Bookbot, an online platform specialising in second-hand books, announced that it has secured €4M in a Series A round of funding, at a valuation of over €20M. The round was led by new investor Genesis Growth Equity Fund I, with participation from existing shareholder Miton. Dominik Gazdoš, CEO of Bookbot, says, “We are convinced ... Read more Read more ›
0
Vilnius-based Tingit, a zero-effort fashion repairs marketplace, announced that it has secured €500K in a pre-seed round of funding from a group of international VC funds. The round was led by Lithuanian VC fund Firstpick, with participation from Latvia-based BADideas.fund, Czech Republic-based PurposeTech, and Germany’s Heartfelt Capital. A fashion repairs marketplace Viltrakytė co-founded Tingit in ... Read more Read more ›
25
Per head, Europe boasts a 30% higher concentration of AI experts than the United States, and nearly triple that of China. However, in the global tug-of-war for talent, many of these Europe-educated experts are being pulled to the US. There, as reported in the Financial Times, global tech giants with deep pockets and global reputations ... Read more Read more ›
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Most popular sources
Business Insider
|
30% 15 |
Mashable
|
12% 10 |
Gizmodo
|
9% 4 |
Eurogamer.net
|
7% 6 |
CNET
|
6% 3 |
| View sources » | |
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24.11.2024 15:31
Last update: 15:20 EDT.
News rating updated: 22:20.
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