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Vigneshwar Ravichandran @ Silicon Canals · 03/06/2025 09:55 EDT

What’s in the name: MAVOCO’s CEO on a name rooted in IoT’s early days and built for the future

Managing global connectivity is a tough nut to crack for telecom operators, especially with the rise of the Internet of Things (IoT). Many operators are still stuck with legacy systems that are expensive and hard to scale. As the industry is moving towards more flexible and scalable solutions, new players are emerging to address these ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 03/06/2025 07:47 EDT

Colombia’s Bankuish wins 4YFN25 Award and €20K cash prize at MWC25: Know more

Bankuish, a fintech startup from Colombia, has won the 4YFN25 Awards. The company received the award and a €20K cash prize from the GSMA Foundry. The GSMA Foundry connects industries to develop and scale innovative mobile solutions, helping bring new ideas to life and drive industry growth. Bankuish was selected following an on-stage pitching competition ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 03/06/2025 06:51 EDT

Paris-based Comet, a company known for connecting freelancers, has secured €10M in the latest funding round. The investment came from several firms, including Daphni, Otium Capital, and Founders Future (a fund managed by Marc Menasé, a shareholder of Maddyness). Other contributors to this round include Tomcat, FJ Labs, and Kima Ventures, which is backed by ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 03/06/2025 04:23 EDT

Munich-based Alpine Eagle, a defence tech startup building software for defence drones and the world’s first air-to-air counter-drone system, has secured €10.25M in seed funding.  The investment round was led by IQ Capital, with participation from HTGF, Expeditions Fund, and Sentris Capital. Previous investors General Catalyst and HCVC, who led the company’s pre-seed round, also ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 03/06/2025 04:17 EDT

London-based Stability AI, an open and multi-modal generative AI company, has secured strategic partnership and investment by WPP, a marketing and communications services company. With this investment, WPP joins Stability AI’s list of prominent investors such as Greycroft, Coatue Management, Lightspeed Venture Partners, Sound Ventures, Sean Parker, Eric Schmidt, and Prem Akkaraju. Its board members ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 03/06/2025 02:36 EDT

London-based Swap, an e-commerce operating system that connects operations on one platform for e-commerce brands, has secured $40M (nearly €36.99M) in a Series B funding round. The funding comes at a time when brands are looking for a comprehensive platform to manage cross-border transactions, inventory, returns, and AI-driven insights in one place. ICONIQ Growth led ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 03/06/2025 02:07 EDT

Oslo-based Telescope, a PropTech company, has secured €3.7M in a seed round led by Scale Capital and Dreamcraft Ventures, with participation from Amsterdam-based Curiosity VC and OBOS Oppstart. Scale Capital is a Danish early-stage technology investor that invests in digitisation and disruptive technologies in Enterprise Software and Deep Tech. The VC focuses on B2B technology ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 03/05/2025 10:18 EDT

Karlsruhe, Germany-based INERATEC, a sustainable e-fuel production pioneer, announced that it has raised €40M in venture debt loan with the European Investment Bank (EIB) and €30M grant with Breakthrough Energy Catalyst. EIB Vice-President Nicola Beer says, “The EIB is committed to a competitive net-zero economy, especially in hard-to-decarbonize sectors like aviation. Through partnerships such as ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 03/05/2025 08:19 EDT

Delft-based Q*Bird and Eurofiber secure €1M grant to advance quantum-secured communication

Delft-based Q*Bird, in collaboration with Single Quantum, and Eurofiber has been awarded a €1M subsidy to push the boundaries of Quantum Key Distribution (QKD) technology.   Quantum Key Distribution (QKD) provides a new level of security for digital communications by using quantum mechanics to create nearly unbreakable encryption. This technology could change information and communication technologies ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 03/05/2025 06:41 EDT

London-based Epoch Biodesign has raised $18.3M (nearly €17.1M) in an oversubscribed Series A funding round. The company develops enzymes to improve the cost and performance of recycled plastics compared to virgin materials. The investment was led by Berlin-based Extantia Capital, with contributions from Inditex, Lowercarbon Capital, Happiness Capital, Kibo Invest, Day One Ventures, and others. ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 03/05/2025 04:54 EDT

Stuttgart-based Conceptboard, a provider of visual collaboration and secure digital workspace solutions, has secured €10M investment from Cipio Partners. Cipio Partners is an investment management and advisory firm specialising in European growth capital and minority investments in technology companies. The firm focuses on European technology businesses in the growth phase, with revenues between €10M and ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 03/05/2025 03:37 EDT

Tallinn-based Stargate Hydrogen has completed its Series A funding round, securing €11M in equity investments. The Estonian company manufactures electrolyser stacks and systems.  The round includes investments from strategic customers with experience in renewable energy and utilities, such as Giga and UG Investments. SmartCap Green Fund, a state-backed venture capital fund focused on greentech companies, ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 03/05/2025 02:51 EDT

Cottonwood Technology Fund, an early-stage venture capital fund, announced the first close of its fourth investment fund at €25M for its Cottonwood Technology Fund IV.  The fund was backed by Caterpillar Ventures, The Merrion Oil & Gas Family, Dutch regional investor NOM, Netherlands Enterprise Agency (RVO), and over 20 other entrepreneurs and family offices. “There ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 03/05/2025 01:52 EDT

Amsterdam’s Dubformer secures €3.3M to enhance AI dubbing by transferring emotions

Amsterdam-based Dubformer, a startup which specialises in professional AI dubbing, has raised $3.6M (nearly €3.38M) in a seed funding round. Almaz Capital led the round, which included participation from s16vc, FinSight, and angel investors, including Arul Menezes (founder of Microsoft Translator) and Funa Maduka (former head of International Original Film at Netflix).  The funding will ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 03/05/2025 00:49 EDT

Amsterdam-based Mews, a hospitality technology company, announced that it has raised $75M (approximately €70.6M) in funding led by Tiger Global, a renowned global investment firm. Based out of New York, Tiger Global is an investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation. Sara Eadie, ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 03/04/2025 08:07 EDT

After Claude 3.7 Sonnet launch, Anthropic secures €3.3B funding, valuation soars to €58.3B

Anthropic, an AI safety and research company, announced that it has raised $3.5B (approximately €3.3B) in a Series E round at a $61.5B (approximately €58.3B) post-money valuation. The round was led by Lightspeed Venture Partners, with participation from Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Jane Street, ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 03/04/2025 05:45 EDT

Munich-based Radical Dot raises €2.7M to turn plastic waste into valuable chemicals: Here’s how

Munich-based Radical Dot, a climate deeptech startup focused on chemical recycling technology, has closed a €2.7M pre-Seed funding round. Alexandre Kremer, co-founder and COO of Radical Dot, says, “Having witnessed the devastating impacts of plastic pollution firsthand while building waste management infrastructure in Indonesia as part of Project STOP, I have dedicated my career to ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 03/04/2025 04:54 EDT

Paris-based Sofinnova Partners raises €1.2B, surpasses €4B in AUM

Paris-based Sofinnova Partners, a European venture capital firm in life sciences, has raised €1.2B over the past year, with more than €1B secured in the last quarter. This brings the firm’s total assets under management (AUM) to over €4B. However, additional details about the individual funds will be shared after their final closings. The VC’s ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 03/04/2025 04:31 EDT

Vilnius, Lithuania-based myTU, an AI-powered and cloud-first digital bank, has secured €10M in an oversubscribed Series A funding round, surpassing its initial €9M target. The round was completed by existing shareholders increasing their stakes and two new strategic investors, both long-term business partners of myTU. The latest funding round values myTU at over €35M.  The ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 03/04/2025 04:06 EDT

Malmo-based Bookboost, a hospitality CRM platform, has secured €3.6M in its latest funding round led by Espoo-based Vendep Capital. Sami Ahvenniemi, General Partner at Vendep Capital, says, “We’ve been engaging with Bookboost for a long time, witnessing its impressive growth, ability to attract top talent, and expand its product and go-to-market strategy. Over time, we ... Read more Read more ›

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