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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/15/2025 04:06 EDT

London-based GenAI unicorn Synthesia secures €174.5M at €2B valuation: Know more

On Wednesday, London-based Synthesia, an AI video creation platform, announced that it has secured a $180M (approximately €174.5M) Series D funding round led by NEA. New Enterprise Associates (NEA) is a global venture capital firm that invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/15/2025 03:00 EDT

On Tuesday, Rotterdam-based Blooming Good, an artificial flower brand, announced that it has secured €1M in growth capital from investment fund Effectus Capital. It is a new fund in which prominent investors such as Jaap Reesema, Sander Schimmelpenninck, and Ewout Genemans participate. Crijn Janssen, CEO of Effectus Capital BV, says, ”Blooming Good had been on ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 01/15/2025 02:10 EDT

On Wednesday, Berlin-based Nelly, a health and fintech company, announced that it has €50M in a Series B funding round co-led by Cathay Innovation and Notion Capital. Other existing investors b2venture, Lakestar, Motive Ventures, and arc investors, also participated in the round. The German company will use the funds to accelerate international expansion and solidify ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/15/2025 01:49 EDT

Amsterdam-based Klearly, a fintech company focused on in-person payments, announced that it has raised €6M in a seed round of funding. The proceeds will support Klearly’s expansion into European markets and enable its SaaS partners to offer in-person payment solutions for SMB merchants. Prior to this round, in May 2023, Klearly secured €2.1M in a ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/14/2025 09:15 EDT

On Tuesday, Utrecht-based Undagrid, a provider of wireless location and asset monitoring technologies, announced that it has been acquired by EnOcean, the German company known for energy-harvesting wireless technology for the Internet of Things (IoT). By combining Undagrid’s AI-driven technologies with EnOcean’s energy-harvesting products, the companies can offer scalable asset tracking and monitoring services and ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/14/2025 08:47 EDT

Berlin-based Foodora, a food delivery service provider across Europe, has launched Saver Delivery, a new option aimed at providing more flexibility and affordability for customers.  According to the company, this new delivery service complements the existing Standard and Priority options, offering a cost-effective choice for those willing to wait longer for their orders. What does ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/14/2025 06:56 EDT

Swiss crypto-focused bank Sygnum hits unicorn status after raising €56.54M strategic growth round

Sygnum, a Zurich-based digital asset banking group, has secured $58M (nearly €56.54M) in an oversubscribed strategic growth round, reaching a post-money valuation of over $1B (nearly €974.91M) and attaining unicorn status. The round was led by Fulgur Ventures, a Bitcoin-focused venture capital firm, alongside other new and existing investors, including Sygnum team members. The co-founders, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/14/2025 06:49 EDT

French firm Bioptimus bags €74M to build the ‘GPT of biology’ that simulates biology instead of generating text

Paris-based Bioptimus, a company building the first universal AI foundation model for biology, on Tuesday announced that it has secured $76M (approximately €74M) in funding. This total includes a $41M (approximately €40M) cash injection, led by Cathay Innovation. Other prominent investors, including Sofinnova Partners, Bpifrance through its Large Venture Fund, Andera Partners, Hitachi Ventures, Boom ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/14/2025 05:24 EDT

On Tuesday, Amsterdam-based Keen Venture Partners, a venture capital firm, announced that it is raising its European defence and security tech fund. It will be the first defence tech investment fund based in the Benelux region and aims to become one of the largest funds of its kind in Europe. The Dutch VC plans to ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/14/2025 04:51 EDT

Paris-based Robeauté, a medtech startup focused on neurosurgical microrobots, has raised $28M (approximately €27.28M) in funding led by Plural, Cherry Ventures, and Kindred Ventures.  Additional investors include LocalGlobe, Think.Health, and APEX Ventures, with strategic investment from Brainlab. Ian Hogarth, partner at Plural, says, “Robeauté’s technology doesn’t just have the potential to transform neurosurgery — it ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/14/2025 02:40 EDT

The UK Government has recently announced its plans to ‘turbocharge’ the development of the national AI sector across the UK over the next decade. The government has committed to integrating all 50 recommendations presented in Matt Clifford’s groundbreaking AI Opportunities Action Plan. The initiative includes creating AI Growth Zones, boosting AI infrastructure, and transforming how ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 01/14/2025 02:19 EDT

Amid financial turmoil, Northvolt sells its stake in battery recycling JV Hydrovolt to Hydro: Know more

Swedish electric-vehicle battery maker Northvolt sells its remaining shares in battery recycler Hydrovolt to Oslo’s aluminium and energy company Hydro, for NOK 78M (nearly €6.66M). The deal increases Hydro’s ownership in Hydrovolt from 72 per cent to 100 per cent. This development for Northvolt comes amid its financial crisis. In 2024, the company announced a ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/13/2025 11:15 EDT

Last year, global demand for tech roles saw full-stack, back-end and front-end developers in the top three spots for recruiters looking to fill jobs. That’s not a surprise as these are roles that are crucial to an evolving landscape of technology and business needs––these skills contribute to developing efficient, user-friendly applications.  In 2024, applications developers, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/13/2025 09:41 EDT

Eindhoven-based PHOTON IP secures €4.75M to advance integrated photonics: Here’s how

Eindhoven-based PHOTON IP, a manufacturer of advanced low-power optical chips, announced that it has secured €4.75M seed round led by Innovation Industries. Other investors, including Faber and Brabantse Ontwikkelings Maatschappij (BOM), as well as PhotonDelta, participated in the round. The Dutch company will use the funds to accelerate the industrialisation and commercialisation of its breakthrough ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/13/2025 08:00 EDT

Remembering Andriy Shmyhelskyy: Ukrainian social-tech entrepreneur and the visionary behind Better Time Stories and Hyko passes away at 37 

On January 7, Andriy Shmyhelskyy, a Ukranian social-tech entrepreneur who advocates for children and climate education, passed away at the age of 37 due to respiratory arrest. With a Master’s degree in Innovation and Entrepreneurship, Shmyhelskyy dedicated his life to creating meaningful change through impactful projects, right from the initial days of his career.  With ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/13/2025 06:24 EDT

Resato Hydrogen Technology

Resato Hydrogen Technology, a hydrogen refuelling station developer based in Assen, Netherlands, has obtained a €25M venture debt facility from the European Investment Bank (EIB). The loan was supported by the European Commission under its InvestEU initiative. The investment will support the Dutch company’s research and development efforts, production capacity expansion, and relocation to an ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 01/13/2025 04:31 EDT

Leiden-based BIMINI Biotech raises €3M to develop innovative therapeutics for haematological cancers

Leiden-based BIMINI Biotech, a drug development company focused on therapeutics for haematological cancers, closed a €3M seed investment round.  The round was led by Torrey Pines Investment (TPI) from San Diego, with participation from InnovationQuarter Capital (IQC), Libertatis Ergo Holding (LEH), and a business angel.  The funds will support the preclinical development of modulators targeting ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 01/13/2025 03:07 EDT

Adriaan Mol, Mollie CEO Koen Köppen, and YC back this new AI startup: Know more 

On Monday, Delaware, US-based Open.cx, the next-generation AI customer support platform, announced that it has $1.52M (approximately €1.48M) in a pre-seed funding round. The company raised funding from Y Combinator, Spacetime (the investment office of Mollie and Bird founder Adriaan Mol), Koen Köppen (CEO of Mollie), Pioneer Fund, Kulveer Taggar, Propeller Fund, Taro Fukuyama, and ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 01/11/2025 03:13 EDT

Technology is ever-evolving, and in this fast-paced world, it’s challenging to cover every story. This week of 2025 (6th to 10th January) was no exception. However, we want to ensure that you don’t miss out on these noteworthy updates. Here’s a quick roundup of other significant news we missed this week. TomTom announces significant enhancement ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 01/10/2025 07:45 EDT

Horw, Switzerland-based CeQur, a medical device company dedicated to simplifying mealtime insulin delivery for individuals, announced that it has secured $120M (approximately €116.4M) in the financing round.   The company will use the funds for the continued commercial expansion of CeQur Simplicity, the company’s innovative 4-day wearable insulin delivery device. Additionally, the company will continue to ... Read more Read more

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