Amsterdam-based Moonlit.ai, a legal tech startup offering an AI-driven legal research platform for European jurisdictions, announced on Tuesday that it has successfully spun out from Deloitte and an investment from Curiosity VC. This marks the Dutch company’s transition into an independent company, aiming to accelerate its expansion and revolutionise legal research across Europe. Fund utilisation ... Read more Read more ›
2
Amsterdam-based Swipework, a video-based job platform that leverages AI technology, has raised €650K in a seed round of funding from AI software company Artific. The Dutch-based platform officially launches on September 1, 2024, with expectations to achieve profitability by mid-2025. “Research shows that 82 per cent of people aged between 18 and 30 are not ... Read more Read more ›
27
Mike Lynch, a tech entrepreneur, who is also called British Bill Gates, has reportedly been missing after his Bayesian superyacht, sank off the coast in Sicily during a violent storm on Monday. Lynch, the founder of Autonomy Corporation, his 18-year-old daughter, and four others are still missing. However, his wife Angela Bacares and 14 other ... Read more Read more ›
3
Zurich-based Wingtra, a developer and manufacturer of professional mapping and surveying drones, has closed its Series B1 funding round. The amount, however, remains undisclosed. The Swiss company announced the investment via a LinkedIn post. The round saw participation from a diverse group of US, Swiss, and Austrian funds and family offices, including Brick & Mortar ... Read more Read more ›
0
Ghent-based Uman, an AI-driven software platform for B2B sales teams, has secured €1.9M in a fresh round of funding led by Holland Capital, together with existing investors imec and Seeder Fund. Uman’s co-founder, Charles Boutens, says, “The way most B2B companies do sales now, no longer delivers the right returns. With the possibilities AI creates ... Read more Read more ›
0
Dublin-based automotive technology company, Drive, has been acquired by ACV Auctions, a US-based Nasdaq-listed company. The development was announced by Conor O’Boyle co-founder at Drive, via a LinkedIn post. Founded in 2019 by Shane Ennis and Conor O’Boyle, Drive incorporates two businesses in the Irish automotive technology space: TradeBid & Nevo. TradeBid is Ireland’s advanced ... Read more Read more ›
1
Berlin-based Root, a startup developing an operating system to help food & beverage companies manage their climate footprint, announced on Monday that it has secured €8M in a seed funding round. The funding round was led by Christoph Janz at Point Nine, with participation from Project A, HelloWorld, Arc Investors, and a host of experienced ... Read more Read more ›
1
Amsterdam-based Picnic, an online supermarket, has achieved its first profit in the Netherlands at the end of the last year, thanks to its robotised distribution centre in Utrecht. Michiel Muller, Picnic’s co-founder and director attributes this to improved efficiency, reports FD.nl. The Dutch company didn’t disclose the exact profit amount it made, however, based on ... Read more Read more ›
24
Stockholm-based learning platform Learnster has announced that it has secured SEK 31M (approximately €2.69M) in a new share issue to enhance its position in the edtech sector and broaden its global reach. The investment was led by Tom Nyman Holding, with additional backing from Söderberg & Partners and Subvenio Invest. As part of the deal, ... Read more Read more ›
0
Madrid-based Making Science, a digital marketing and technology company, recently announced that it has signed an agreement with the SOPEF fund (Spain Oman Private Equity Fund), managed by MCH to finance the growth of the subsidiary Making Science Marketing & AdTech with up to €40M over the next two years. The Making Science subsidiary specialises ... Read more Read more ›
3
In the fast-paced world we live in, it’s easy to miss important news updates. This week (12th to 16th August) has been eventful across various sectors, including gaming, energy, biotech, and others. To help you keep updated, we at Silicon Canals, brought you a concise summary of some of the important news that you should ... Read more Read more ›
1
London-based Revolut, a fintech company, announced on Friday that it has signed agreements with a group of technology investors to provide liquidity to employees through a secondary share sale at a $45B (approximately €40.9B) valuation. This secondary share sale allows current employees to capitalise on their contribution to the company’s growth while attracting a diverse ... Read more Read more ›
0
London-based Adamo Foods, a food tech startup, announced recently that it has secured £2M (approximately €2.3M) in a Seed funding round co-led by UK Innovation Science and Seed Fund (UKI2S) and managed by Future Planet Capital and Joyful Ventures. The funding will help the company accelerate its mission to introduce the first ultra-realistic beef steak ... Read more Read more ›
0
Dublin-based Coras, a startup that aims to transform the ticketing industry, has secured €1.3M in a fresh funding round led by VC firm DataOp. Besides the funding, the Irish startup has also launched Fida, a web3 loyalty platform to facilitate tokenised commerce that allows customers to use their loyalty points with various brands. The funds ... Read more Read more ›
1
Amsterdam-based fintech unicorn Adyen published its shareholder letter and financial statements for H1 2024 on Thursday. The letter focuses on the company’s activities, finances, growth pillars, and more. Here are the key takeaways: Net revenue reached €913.4M In the first half of 2024, the company reported a substantial increase in net revenue, reaching €913.4M, which ... Read more Read more ›
2
Berlin-based SongPush, a company that aims to simplify creator marketing with an all-in-one platform, announced that it has secured €2.94M in a seed round of funding. Goldman Sachs projects the creator economy could reach up to $500B by 2027, but many brands and advertisers find it challenging to leverage creator marketing effectively. “We’re building the ... Read more Read more ›
1
Odense-based Umbraco, a Danish open-source content management system (CMS) platform, has acquired the Dutch company uMarketingSuite, an extension of the CMS Umbraco. Umbraco says uMarketingSuite provides integration, intuitive design, and full data ownership, making it a valuable addition to enhancing user experience. Currently, uMarketingSuite will remain available through existing channels as the teams at uMarketingSuite ... Read more Read more ›
1
Helsinki-based Vapaus, a company specialising in employee bike benefits, announced on Thursday that it has secured €10M in a Series A funding round led by Shift4Good. Other investors, including Tesi (officially Finnish Industry Investment Ltd) and European Investment Bank’s co-investment facility EGF and SuperHero Capital, participated. The announcement comes as Vapaus has grown sixfold in ... Read more Read more ›
21
The European Investment Fund (EIF), on Thursday, announced that it has signed a €50M participation in Copenhagen-based Nine Realms Venture Capital’s latest fund — Fund I K/S, with a target of €200M. EIF commitment is backed under the European Commission’s InvestEU Joint Equity Product and Climate & Environment Solutions envelope. “Supply chains are an underestimated ... Read more Read more ›
2
Sling Money, a crypto-enabled fintech based in the US and Netherlands designed to make the global transfer of money instant, easy, and low-cost, secured a €13.6 million ($15 million) Series A round led by Union Square Ventures, Ribbit Capital, and Slow Ventures. With Sling Money, users can effortlessly send money instantly across 50+ countries in ... Read more Read more ›
0
Most popular sources
Business Insider
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34% 9 |
Tom's Hardware
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10% 4 |
CNET
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9% 6 |
Eurogamer.net
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7% 6 |
The Verge
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6% 5 |
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24.11.2024 18:15
Last update: 18:10 EDT.
News rating updated: 01:10.
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