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Silicon Canals
Vishal Singh @ Silicon Canals · 02/03/2025 05:27 EDT

Oslo-based Receipts, a B2B fintech serving financial services, has raised NOK 20M (approximately €1.7M) in a new investment round to accelerate its expansion. DNB Ventures led the funding round, with participation from OBOS, Såkorn 1 Midt, and Antler. With this deal, DNB Ventures will become the largest shareholder aside from the company’s founders. Anders Østensvig, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 02/03/2025 04:30 EDT

Berlin-based Hallo Theo secures €10M to digitise property management

Berlin-based Hallo Theo, a property management company, announced that it has secured €10M in a Seed Round led by Insight Partners. The German company will use the funds to accelerate its growth and expansion, across Germany. “There are more than €29T worth of apartments in Germany, yet the average experience of an owner or tenant ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 02/03/2025 03:37 EDT

New York-based cloud security startup Wiz, announced that it has identified a publicly accessible ClickHouse database belonging to DeepSeek, granting full control over database operations, including access to internal data.  This exposure contains over a million lines of log streams with sensitive information, such as chat histories, secret keys, and backend details. The Wiz Research ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 02/03/2025 02:34 EDT

SURE Mobility, a Dutch company that designs and develops sustainable e-bikes, and Smart Wheelz, a wholesaler of electric vehicles, have announced a merger.  The merger will form one of the Netherlands’s largest leisure-related e-vehicle rental organisations. Aim of the merger! Patrick De Wit (founder of SURE Mobility) and Audrey Winters and Stuart Wehnes (Smart Wheelz’ ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 02/01/2025 04:16 EDT

With the technology developing at breakneck speed, it’s nearly impossible to keep up with every breakthrough, funding round, or acquisition. While major headlines dominate our news cycle, many significant developments often slip through the cracks. In our “In Other News This Week” series, we at Silicon Canals give a concise yet comprehensive look at the ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 01/31/2025 10:01 EDT

From AI to cleantech: 14 key announcements from GoWest 2025 you need to know

GoWest is one of Nordic’s premier venture capital forums for startups, scale-ups, and investors in pre-seed to series A stages. The three-day event, which was scheduled between Jan 28 – 30, brought together companies reshaping industries, global investors, and the Nordic innovation ecosystem in a multi-day matchmaking conference. The event is known for its focus ... Read more Read more

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Silicon Canals
Guest Contributor @ Silicon Canals 3 place · 01/31/2025 07:24 EDT

The launch of DeepSeek’s R1 model has sent shockwaves through the AI world, sparking debate over its impact on competition, cost structures, and the dominance of tech giants like Meta, Microsoft, and OpenAI. While undeniably impressive, the breakthrough also raises big questions about the economics of AI model development – and whether the industry is ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 01/31/2025 06:49 EDT

ElevenLabs, an AI audio startup, announced on Thursday, January 30, that it has secured $180M (nearly €173.45M) in a Series C funding round, bringing its post-money valuation to $3.3B (nearly €3.18B). We had previously published the reported funding news, and the company has now confirmed the details. While the lead investors and valuation align with ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 01/31/2025 06:34 EDT

a16z-backed wealth management platform Prosper raises €4.7M from these sports icons, others

On Friday, London-based Fuel Ventures announced that it has led the £4M (approximately €4.7M) funding round of Prosper, a high-net-worth wealth management platform. The VC firm has invested £2M (approximately €2.3M) in the company.  Additionally, sixty professional sportspeople from The Players Fund have also invested in Prosper’s round. It includes England cricket captains Ben Stokes ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 01/31/2025 05:12 EDT

Berlin’s Nala Earth raises €3.8M to help businesses manage environmental risks and comply with regulations

Berlin-based Nala Earth, a nature & biodiversity management platform, has raised €3.8M in funding. The round was led by European VC firm IRIS, with support from KOMPAS VC, Pale Blue Dot, and Founderful. The funding will be used to enhance its platform for corporate nature and biodiversity management, expand use cases, scale operations, and accelerate ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/31/2025 02:54 EDT

Belgian firm ADLC raises €2.08M to solve inefficiencies plaguing logistics sector: Here’s how

On Friday, Antwerp, Belgium-based ADLC, a drone logistics company, announced that it has raised €2.08M in seed funding led by Galactic Beacon Ventures (GBV). Galactic Beacon Ventures is the dedicated venture capital arm of the Columbia Group. The VC specialises in numerous sectors across the maritime, logistics, energy, and leisure sphere. “We believe the time ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 01/31/2025 02:16 EDT

France-based Laclarée secures €3.5M in Seed funding from HTGF, others

Villeurbanne-based Laclarée, a French company developing adaptive eyeglasses for presbyopia correction, has secured €3.5M in equity Seed round funding. The investment came from vision-care investor Rimonci Capital, along with existing investors UI-Investissement, High-Tech GründerFonds (HTGF), and business angels. Richel LIU, founder and manager of Rimonci Capital, says, “We are thrilled to support Laclarée in bringing ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/30/2025 08:46 EDT

Delft-based Villari raises €4M to enable the early detection of crack growth in steel structures

On Thursday, Delft-based Villari, a company providing sensors for crack detection, announced that it has raised €4M from FORWARD.one and InnovationQuarter Capital, with participation from two key individuals for the company. InnovationQuarter is the regional economic development agency for the Province of Zuid-Holland, also known as the greater Rotterdam – The Hague area.  FORWARD.one is ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/30/2025 08:36 EDT

Earlier this month, Aurore Balsan, wife of Karim Slaoui, co-founder of Cowboy, announced the launch of “The Karim Slaoui Fund,” through a LinkedIn post. The announcement comes more than a year after Karim Slaoui (36) died due to a rare form of cancer. This initiative honours Karim Slaoui’s legacy, who faced significant mobility challenges in ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/30/2025 07:46 EDT

VEMS, Biosphere Solar, JansZon and the City of Amsterdam secure €655K to boost circular energy

Amsterdam-based VEMS, a company creating an interconnected integrated energy management ecosystem, in collaboration with Biosphere Solar, JansZon BV, and the City of Amsterdam, has secured €655K in funding. The investment came from the MIT R&D subsidy scheme to advance circular energy solutions.  “A huge thanks to the Netherlands Enterprise Agency (RVO) for backing this vision ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/30/2025 04:22 EDT

Milan’s indigo.ai raises €10M to help companies with customer experience through AI agents

Milan-based indigo.ai, a Vedrai Group company and a specialist in conversational AI-based virtual assistants, on Wednesday, announced that it has secured €10M in a Series B all-equity round from Azimut Group. Azimut is an independent group in asset management, wealth management, investment banking, and fintech. The Group includes several companies active in the promotion, management, ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/30/2025 04:20 EDT

Germany’s INERATEC secures €70M funding commitment to develop Europe’s first large-scale e-fuel plant

Karlsruhe-based INERATEC, a German company involved in the production of e-fuels, has received a €70M funding package from the European Investment Bank (EIB) and Breakthrough Energy Catalyst, under the EU Catalyst partnership. The EIB, backed by the EU’s InvestEU programme, is providing venture debt, while Breakthrough Energy Catalyst has committed to a grant contingent on ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/30/2025 03:00 EDT

London’s Zelt secures €5.7M from Nauta, others to help enterprises with people operations

On Thursday, London-based Zelt, an all-in-one people operations software, announced that it has raised $6M (approximately €5.7M) in a funding round led by Nauta, with participation from Venrex and Episode 1. Nauta is a pan-European venture capital firm investing in early-stage B2B software companies with offices in London and Barcelona. With over half a billion ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/30/2025 01:50 EDT

French fintech Swan soars with €42M funding to scale embedded finance in Europe; plans 85 new hires

Swan, a Paris-based fintech specialising in embedded banking, has secured €42M in its Series B round of funding. The investment was led by Eight Roads Ventures, with participation from existing investors Lakestar, Accel, Creandum, Hexa, and BPI France. Lucile Cornet, Partner at Eight Roads Ventures, says, “We believe the embedded finance opportunity is immense, and ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/30/2025 01:04 EDT

On Thursday, Enschede-based OneThird, an AI-driven food tech company, announced that it has raised €3.5M in a Series A funding round led by Dutch-based Invest International, with participation from previous investors Pymwymic, SHIFT Invest, and Oost NL. The announcement comes as the company witnessed 230 per cent year-on-year growth. The latest funding round brings the ... Read more Read more

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