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Silicon Canals
Vishal Singh @ Silicon Canals · 01/27/2025 06:14 EDT

Funds managed by HSG (HongShan Capital Group, formerly known as Sequoia China) have reached an agreement to acquire a majority stake in Marshall Group, valuing the company at €1.1B. Marshall Group is an audio, tech, and design company connecting musicians and music lovers through innovation. Marshall, its flagship brand, has over 60 years of presence ... Read more Read more

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Silicon Canals
Guest Contributor @ Silicon Canals · 01/27/2025 06:07 EDT

‘Trump’s Stargate has made it clear: regulation of AI is now an urgent priority’

President Donald Trump has announced the launch of the Stargate Project, a strategic initiative with a $500 billion investment in US AI infrastructure. This landmark project, funded by partners such as OpenAI, SoftBank, Oracle and MGX, aims to strengthen US leadership in AI, boost economic growth and ensure national security. Control of critical AI technology ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/27/2025 05:48 EDT

On Monday, London-based Gresham House Ventures, a growth equity investor, announced that it has committed a €4.25M investment in a Dublin-based SaaS platform Mobility Mojo. Founded in 2018 by certified access consultants Stephen Cluskey and Noelle Daly, both wheelchair users, along with Patrick Hickey, the former CEO of Rothco, Mobility Mojo started by focusing on ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/27/2025 03:11 EDT

Stockholm-based Wingbits, a decentralised physical infrastructure (DePIN) startup focused on the aviation industry, has raised $5.6M (approximately €5.34M) in funding. This brings the company’s total raised capital to $9.2M (approximately €8.79M). Borderless Capital and Bullish Capital led the round with contributions from Spartan Group, Tribe Capital, Antler, SNZ and Heartcore. Álvaro Gracia, Partner at Borderless ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 01/25/2025 03:30 EDT

In other news this week: Egregious secures funding to protect humans from AI, 4Elements bags €27.4M, Eliq secures funding from Volvo cars, and others 

In our fast-moving world of technology and innovation, it’s easy to miss some interesting stories happening around us. Every day, we receive a lot of news about funding, acquisitions, and discoveries, and many great stories can easily be overlooked. In this edition of “the other news this week” we have briefly compiled a list of ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 01/24/2025 09:02 EDT

On Thursday, The European Commission announced that it is investing €3M to develop the first-ever quantum chip that combines electronics and light using advanced Germanium-Silicon technology. The mission is to make quantum computers faster, more efficient, and scalable, enabling them to tackle challenges like drug discovery, cybersecurity, and AI. The ONCHIPS consortium, supported by the ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 01/24/2025 07:27 EDT

The Hague-based Yabx and SC Ventures invest €9.5M in Furaha to expand access to purpose-driven financing in Africa

On Friday, SC Ventures, the innovation and investment arm of Standard Chartered, announced that it has teamed up with The Hague-based Yabx Technologies, a company of Tech Mahindra group, to invest in Furaha. Out of the total, SC Ventures has put in $7M (approximately €6.6M), and Yabx has provided technology support, totaling a combined investment ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 01/24/2025 06:38 EDT

Sweden’s medtech startup Xaga Surgical raises €698K: Know more

Helsingborg-based Xaga Surgical, a Swedish medical technology company, has completed a SEK 8M (approximately €698K) investment round. Almi Invest contributed SEK 3M (approximately €261K), with additional funding from Smile Inject Capital and private investors. Thomas Unt, CEO of SmiLe Inject Capital, says, “Our investment in Xaga Surgical is part of our commitment to supporting life ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/24/2025 04:39 EDT

Amsterdam-based VonWood, a digital trading platform for Wood, has been declared bankrupt by the Amsterdam District Court, earlier this week. The company, known for making the online trading process completely transparent and affordable, could not reportedly fulfil its financial obligation, resulting in shutting down operations. “Our team and partners have worked tirelessly to bring digital ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/24/2025 04:32 EDT

London-based Amplience Limited, a provider of headless content management solutions, has completed £32M (approximately €37.82M) senior secured investment from AshGrove Capital, an independent pan-European specialty lender.  This investment is the sixth from AshGrove Specialty Lending Fund II (ASLF II), a €650M fund focused on supporting high-growth B2B software and services companies. The round also saw ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/24/2025 03:12 EDT

Luxembourg-based Passbolt, an open-source password and credential manager for teams, announced that it has secured $8M (approximately €7.65M) in a Series A round of funding. The funds will accelerate Passbolt’s mission to empower millions of digital teams to collaborate securely with their passwords, accesses, and secrets. The company’s Series A round was led by Airbridge ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/24/2025 02:05 EDT

Amsterdam’s QDNL Participations secures €25M first close for new global quantum fund targeting €60M

On Friday, Amsterdam-based QDNL Participations, a quantum-focused VC firm, announced the first close of its new fund at €25M, targeting €60M for the fund. The fund’s investors include family offices, high-net-worth individuals, funds-of-funds, and endowments, along with continued support from the Quantum Delta NL Foundation. The new fund broadens the firm’s active investment approach to ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/23/2025 09:31 EDT

On Wednesday, Los Angeles-based Regeneration.VC, a VC fund that invests in circular and innovative climate technologies, announced that it has taken over the management of Sky’s (previously Sky Ocean Ventures) climate portfolio. Sky Ocean Ventures is an impact investing division of the British telecom company Sky. It has supported early-stage startups in the climate and ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/23/2025 08:39 EDT

British cloud software group Aries Global invests in Dutch SaaS scaleup Workspace 365: Know more

On Thursday, Nijkerk, the Netherlands-based Workspace 365, an adaptive digital workspace, announced a strategic partnership with UK-based cloud software group Aries Global. As part of the partnership, Aries Global acquires all shares held by Value Creation Capital and Oost NL, making Workspace 365 jointly owned by its two founders and Aries Global. Erik Nicolai, CEO ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/23/2025 07:15 EDT

Spanish insurtech startup Weecover secures €4.2M; plans to hire for these roles

Barcelona-based Weecover, a specialist in integrating insurance solutions into online purchasing processes, has secured €4.2M in funding to support its growth and international expansion plans. The round was led by Swanlaab Venture Factory and existing investor Nauta. Investors including La Roca Capital, Bankinter, Prosegur, Íope Ventures (Telefónica Seguros and Wayra’s investment vehicle), and several previous ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/23/2025 06:54 EDT

Swiss-based ZuriQ aims to break quantum computing’s scaling barrier by using this ‘fundamentally different approach’; raises €4M

On Thursday, Zurich-based ZuriQ, a quantum hardware startup, announced that it has secured $4.2M (approximately €4M) led by Founderful. Based out of Zurich, Founderful is a pre-seed fund, that backs founder teams building tech companies with the potential to become global market leaders. Pascal Mathis, Partner at Founderful says, “We have been highly impressed by ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/23/2025 04:41 EDT

Amsterdam-based Chapter, a SaaS company driving the energy transition with AI-powered knowledge management software, has secured €3M in funding from Rubio Impact Ventures and CapitalT. Chapter is a SaaS company focused on accelerating the global energy transition by helping sustainable energy companies work productively, efficiently, and compliantly. The startup’s AI-powered operating system streamlines workflows in ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/23/2025 04:37 EDT

Daniel Ek’s Neko Health raises €250M; valuation reportedly hits €1.7B

On Thursday, Stockholm-based Neko Health, a preventative healthcare technology company, announced that it has secured $260M (approximately €250M) in a Series B funding round led by Lightspeed Venture Partners. With this funding round, Neko Health is currently valued at $1.8B (approximately €1.7B) post-money, reports TechCrunch.  Lightspeed Venture Partners is a multi-stage venture capital firm focused ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/23/2025 04:00 EDT

Lisbon’s VC AgileGTM announces first close of its new €9.6M fund to back global B2B blockchain startups 

On Thursday, Lisbon-based AgileGTM Blockchain Fund, a pan-European VC investing in pre-seed B2B blockchain startups, announced its first $2M (approximately €1.9M) close of a new $10M (approximately €9.6M) fund. The fund is anchored by WOOD & Company a leading investment bank in Central and Eastern Europe.  A go-to-market boot camp is underway, from which portfolio ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/23/2025 02:46 EDT

Barcelona-based Sycai Medical secures €3M for early detection of abdominal cancer using AI

Barcelona-based Sycai Medical has closed a €3M funding round backed by LUMO Labs, Ship2B Ventures, Athos Capital, and Namarel Ventures. The funds will accelerate the development and deployment of their AI-driven digital medical device, which identifies early-stage cancer and pre-malignant lesions in the abdomen using medical imaging, avoiding invasive procedures. The technology aims to improve ... Read more Read more

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