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Vigneshwar Ravichandran @ Silicon Canals · 01/29/2025 08:37 EDT

Munich-based OCELL raises €10M to make forests more climate-resilient using AI

On Wednesday, Munich-based OCELL, a green-tech startup, announced that it has secured €10M in a Series A funding round led by Capnamic, who has previously made early investments in other successful tech companies such as LeanIX, Staffbase, and Strava. Based out of Cologne, Capnamic is a venture capital firm that focuses on early-stage investments in ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/29/2025 07:22 EDT

On Wednesday, Amsterdam-based Borski Fund, a VC firm supporting innovation and gender diversity, announced its largest LP investment by M&G Investments with a €9M commitment. “This marks one of the largest investments in the history of Borski Fund,” says Founding Partner Simone Brummelhuis. “Even more significantly, it represents a strong endorsement from one of the ... Read more Read more

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Silicon Canals
Guest Contributor @ Silicon Canals · 01/29/2025 06:41 EDT

When it comes to pitching, stop getting it right—start getting real

I don’t know you, but I am going to make some assumptions. You are driven, visionary, ambitious, conscious, and just the right amount of fearful. You love a challenge, thrive on making big ideas a reality, and get high off of achievement. What you are not is a robot or a mind reader. I am ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/29/2025 06:11 EDT

Amsterdam-based startups that raised funding in January 2025; 7 of them are hiring right now

In 2024, Dutch startups raised €2.5B in funding, making it the third-highest amount on record, following 2021 and 2022. According to the Quarterly Startup Report, this marks a 19 per cent increase from 2023. However, Q4 2024 saw a decline, with funding dropping 26 per cent year-over-year to €460M. The number of deals also decreased ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/29/2025 05:17 EDT

Rabobank and EIB boost green SMEs with €300M impact loan: Who can apply?

On Tuesday, The European Investment Bank (EIB), in collaboration with  Rabobank announced their commitment to scale up their support towards environmentally conscious businesses through €300M investment. With this new fund, they will support small and medium-sized enterprises (SMEs) that are working at the forefront of sustainable development. In the last nine years, Rabobank, with the ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/29/2025 03:59 EDT

Amsterdam’s Growth Tribe acquired by Beeckestijn Business School after bankruptcy: Founders Hans Molenaar & David Arnoux on why and what’s next

Leusden, the Netherlands-based Beeckestijn Business School recently announced that it has acquired Growth Tribe, an Amsterdam-based digital learning partner for individuals & organisations, for an undisclosed amount. The acquisition follows Growth Tribe’s bankruptcy declaration in December 2024. “Tough market conditions and quite some headwinds in the past year or two, led to our bankruptcy, says ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/29/2025 01:51 EDT

Paris-based Alice & Bob raises €100M to build a useful quantum computer; here’s how

Alice & Bob, a quantum computing company based in Paris, has raised €100M in its Series B funding round. The proceeds will support the company’s goal of building a fault-tolerant quantum computer by 2030. Future French Champions (FFC), AVP (AXA Venture Partners), and Bpifrance led the Series B funding round for Alice & Bob. FFC ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/29/2025 01:30 EDT

On Wednesday, Paris-based Naboo, a company that specialises in simplifying corporate events planning, announced that it has raised €20M in a Series A funding round led by Notion Capital. Notion Capital is a European B2B SaaS and Cloud VC with $1B in assets under management and with more than 100 investments to date. The VC’s ... Read more Read more

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Silicon Canals
Karthek Iyer @ Silicon Canals · 01/28/2025 09:10 EDT

When three students from a Swiss university joined SpinLab, a startup accelerator based in Leipzig, Germany, they hoped to grow their startup and as entrepreneurs. However, they were in for a pleasant surprise when their startup – Mementor – went from being dubbed the future of sleep medicine to being acquired by ResMed, a $36B ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/28/2025 09:08 EDT

On Tuesday, Amsterdam-based Agurotech, a startup that offers farming solutions, announced that it has raised €2.25M from Navus Ventures, ROM InWest, and Rabo Ventures. Navus Ventures, is a venture capital company, part of a family office affiliated with Lely, focused on high-tech startups and scale-ups that enable sustainable transitions in food and energy.  Navus operates ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/28/2025 08:43 EDT

Feature Spotlight: German AI-translation unicorn DeepL unveils next-gen LLM model and Write functionality

On Tuesday, Cologne, Germany-based DeepL, a language AI company, announced the expansion of its API solution with two new features. It includes: The next-gen model delivers more precise, accurate translations; while the introduction of DeepL API for Write provides users access to the company’s advanced writing tools, including grammar suggestions, spelling corrections, and more. “The ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/28/2025 08:24 EDT

Impact-focused VC fund Natural Ventures opens office in the Hague; announces first close of its €97M inaugural fund

On Tuesday, The Hague officially welcomed Natural Ventures, an impact-focused venture capital fund dedicated to tackling global food and water security challenges. With offices in Abu Dhabi and now in The Hague, the fund has launched to raise $100M (approximately €97M) to enhance food and water systems worldwide. Natural Ventures is an investment firm focused ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 01/28/2025 07:09 EDT

Switzerland-based Voltiris, a company that helps greenhouses boost sustainability and profitability by optimising solar energy use, has raised CHF 4.8M (approximately €5.07M) in its seed round of funding.  The round was co-led by EquityPitcher Ventures and 3M Ventures, the venture capital arm of 3M, with additional participation from the climate tech VC fund Satgana and ... Read more Read more

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Silicon Canals
Karthek Iyer @ Silicon Canals · 01/28/2025 04:53 EDT

In 1972, five entrepreneurs embarked on a mission to create enterprise software that integrated all business processes and enabled data processing in real-time. They called their company SAP, and little did they know that they were creating a German software giant that is now the largest tech corporation in Europe. Five decades later, SAP now ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/28/2025 04:30 EDT

Copenhagen’s Hybird Energy raises €2.4M: Co-founder Søren Berg on becoming Europe’s ‘energy cloud’, challenges, and more 

On Tuesday, Copenhagen-based Hybird Energy, a startup developing intelligent electrical panels powered by an AI energy cloud, announced that it has secured €2.4M funding co-led by BackingMinds (Swedish early-stage venture capital firm) and Transition (UK-based Climate VC). Additionally, existing investors, including 2degrees, a private investment company in Copenhagen, and the family office for a co-founder ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/28/2025 03:49 EDT

Spanish unicorn TravelPerk bags $200M at $2.7B valuation; acquires Zurich-based Yokoy

Barcelona-based TravelPerk, a platform for managing business travel globally, has raised $200M (nearly €191.75M) in an oversubscribed Series E funding round. According to TravelPerk CEO and co-founder, Avi Meir, the company’s valuation has doubled to $2.7B (nearly €2.58B) from the last round. The Series E round was led by Atomico and EQT Growth, with participation ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/28/2025 02:17 EDT

Voice AI unicorn ElevenLabs secures $250M; now valued at over $3B, says reports

New York and London-based ElevenLabs, a voice AI research and deployment company, has reportedly raised $250M (nearly €239.57M) in a Series C funding round. The company is valued between $3B and $3.3B (nearly €2.87B and €3.16B). According to TechCrunch, ICONIQ Growth led the round, and Andreessen Horowitz was also mentioned as a potential participant. The ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/27/2025 08:16 EDT

Paris-based Shift4Good closes first fund at €220M; will focus on decarbonisation of transportation

Paris-based Shift4Good, an impact investment fund focused on decarbonising the transportation sector, has closed its first fund at €220M, exceeding its fundraising target. Launched in 2022, the fund has invested in 13 companies across Europe and Southeast Asia. After an initial close at €100M in October 2022, the fund has continued to attract market interest ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/27/2025 08:11 EDT

On Monday, Leiden-based Samotics, an electrical data analytics company, announced that it has signed a €20M financing agreement with the European Investment Bank (EIB). The EIB financing is supported by the European Commission under its InvestEU initiative. The Dutch company will use the funds to accelerate the research and development of its technology, which can ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/27/2025 07:46 EDT

Dutch startup specialising in navigation tech for mobile robotics Accerion acquired by Germany’s SICK

On Monday, Waldkirch, Germany-based SICK, an international provider of sensor-based automation solutions, announced the acquisition of the Dutch technology company Accerion. As of January 16, 2025, the entire product lineup and the Accerion team, including technology and sales experts, have fully transitioned to SICK. Product development for the new SICK subsidiary, “SICK Accerion B.V.,” will ... Read more Read more

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