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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 12/13/2024 05:31 EDT

UK’s 6-a-side football league Baller League raises €23.8M: Check out its ‘baller’ move to redefine the game

London-based Baller League, a six-a-side football league, has raised $25M (nearly €23.87M) in a Series A funding round led by EQT Ventures. This follows an $8M (nearly €7.63M) round in mid-2024. EQT Ventures is an early-stage lead investor based in Luxembourg, with advisors across Amsterdam, Stockholm, London, New York, Berlin, and Paris. Investing from its ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/13/2024 03:14 EDT

Leiden-based ProQR Therapeutics NV, a Dutch biotech company specialising in RNA therapies, has secured $8.1M (nearly €7.74M) in additional funding from the Rett Syndrome Research Trust (RSRT). This expands their collaboration to a total of $9.1M, following an initial $1M grant in January 2024. Funding will support the development of AX-2402, an RNA editing therapy ... Read more Read more ›

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Silicon Canals
Guest Contributor @ Silicon Canals 2 place · 12/12/2024 08:03 EDT

European robotics companies to watch in 2025

The European robotics sector is experiencing unprecedented growth, with the global market for humanoid robots expected to reach $38 billion by 2035. This surge is driven by pressing global needs, particularly labour shortages in advanced economies. Countries like Germany, the Netherlands, and Norway are facing more job vacancies than unemployed workers, highlighting the urgent demand ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 12/12/2024 07:16 EDT

Zurich-based ANYbotics, an AI-driven robotic inspection solutions provider, has raised an additional $60M (approximately €57.15M), bringing its total funding to over $130M (nearly €123.82M). The round was led by Qualcomm Ventures and Supernova Invest, with participation from TDK Ventures and other investors. Existing investors include Walden Catalyst, NGP Capital, Bessemer Venture Partners, Swisscanto, and Swisscom ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/12/2024 06:09 EDT

On Wednesday, Zalando, a Berlin-based pan-European ecosystem for fashion and lifestyle e-commerce, announced plans to submit a voluntary public tender offer to acquire up to 100 per cent of ABOUT YOU’s share capital, valuing at €1.1B.  Based out of Hamburg, ABOUT YOU is an e-commerce platform specialising in fashion and lifestyle products. With over 45 ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/12/2024 05:00 EDT

Delft-based Perciv AI, a deep-tech startup specialised in AI for radar perception, announced on Thursday that it has secured €2.5M in a seed funding round led by DayOne Capital and Keen Venture Partners, joined by Vinci Venture Capital. With this investment, the Dutch AI startup will expand its operations further and scale its radar-based perception ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 12/12/2024 04:09 EDT

Jyväskylä-based Aisti, a Finnish technology company specialising in innovative acoustic tiles made from renewable wood fibres, has raised €29M in its Series A funding round. The round attracted early-stage investors such as Voima Ventures, Maki.vc, and the Valve Ventures consortium, along with private investors.  It also included non-equity financing, including a €5M loan from Norion ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 12/12/2024 03:48 EDT

10 Estonian startups that raised the country’s largest funding rounds in 2024; 7 of them are hiring right now

The Estonian startup ecosystem has been growing rapidly, transforming the country into a global hub for innovation and entrepreneurship. One major factor driving this growth is the ability of Estonian startups to secure substantial funding. And the year 2024 is no exception! €302.7M funding raised According to the report by Startup Estonia, a total of ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/12/2024 03:02 EDT

Berlin-based fintech firm Upvest secures €100M from Hedosophia, Bessemer, BlackRock, others 

On Thursday, Berlin-based Upvest, an investment infrastructure provider, announced that it has secured €100M in a Series C funding round led by Hedosophia and joined by Sapphire Ventures. The round also saw continued participation from existing investors, including Bessemer Venture Partners, BlackRock, Earlybird, HV Capital, Motive Ventures, and Notion Capital. The German company will use ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/12/2024 02:19 EDT

Brussels-based Syndicate One closes debut fund at €6.5M; becomes the first investment firm with backing from four governmental funds

Brussels-based Syndicate One, an international investment firm focused on supporting Belgium’s ambitious startup founders, has announced the final close of its oversubscribed debut fund at €6.5M.  Following a €4.5M first close in late 2023, the firm aims to expand its network and back standout Belgian entrepreneurs across all sectors. The fund will provide financing and ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/11/2024 05:57 EDT

Biomemory raises €17.1M to enable data storage on DNA drives that lasts thousands of years

Paris-based Biomemory, a deep tech company specialised in DNA data storage technology, has secured $18M (approximately €17.15M) in a Series A round of funding. The round was led by Crédit Mutuel Innovation, with additional participation from several investors, including Bpifrance’s French Tech Seed fund, Blast, Paris Business Angels, and others. Biomemory’s DNA-based storage solutions offer ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/11/2024 05:24 EDT

Zurich-based Relai bags €11M to make buying and selling Bitcoin safe and accessible

Zurich-based Relai, a Bitcoin-only app, announced recently that it has secured $12M (approximately €11M) in a Series A funding round led by ego death capital.  Other investors include Timechain, SOLIT Group AG, and Plan B Bitcoin Fund. The company will use the funds to accelerate Bitcoin adoption across Europe. Additionally, the company is working on ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/11/2024 03:48 EDT

Amsterdam’s CarbonX secures an additional €4M to address critical battery supply chain challenges

Amsterdam-based CarbonX, a deep tech startup focused on transforming battery anode materials, has extended its €10M growth funding round by an additional €4M.  The round saw support from existing investors Innovation Industries and Borski Fund, alongside new backing from the Energy Transition Fund Rotterdam, managed by InnovationQuarter. Founded in 2014 as a spin-off from Delft ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/11/2024 02:33 EDT

Seven biotechnology projects from Twente have received €1.4M in funding and support from the National Growth Fund’s BioTech Booster initiative. Among the projects are innovations such as rapid diagnostic tools for life-threatening diseases and an immunotherapy booster to enhance cancer treatment.  The BioTech Booster programme, which supported 54 projects nationwide in November, provides funding, mentorship, ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 12/11/2024 01:00 EDT

German energy startup SpotmyEnergy bags €10.5M from Norrsken VC, others

On Wednesday, Cologne-based SpotmyEnergy, an energy startup, announced that it has secured €10.5M in a Seed funding round led by Norrsken VC, the investment arm of the Swedish Norrsken Foundation.  Vorwerk Ventures joins as a new investor alongside existing investor Picus Capital.  The company will use the capital raised to strengthen its core team and ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 12/11/2024 00:26 EDT

Ghent-based Powernaut, a software company, announced on Wednesday that it has secured €2.4M in funding led by Revent, joined by Seedcamp, Pitchdrive, and Syndicate One. The Belgian company will use the capital injection to further accelerate its expansion across the Benelux region and beyond. Talking about the expansion to Silicon Canals, Florentijn Degroote, CEO and ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/10/2024 09:25 EDT

Utrecht-based Orbisk, a scale-up that aims to reduce food waste, announced on Tuesday that it has secured over €8M in an oversubscribed Series A VC investment. The round was led by new partner Regeneration.VC and co-led by existing partner PeakBridge. Other investors are new partner Kost Capital, as well as early investors DOEN Participaties and ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/10/2024 08:07 EDT

Czech startup Elin.ai, focused on using AI to protect teenagers and young adults on social media and enhance their digital well-being, has raised €1M in a pre-seed funding round.  €420K of this funding amount came from JSK Investments, led by Czech entrepreneur and investor Simona Kijonkova. A strategic investment JSK Investments supports Elin.ai with financial ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/10/2024 06:51 EDT

Europe’s startup ecosystem has grown significantly in the past decade, and several billion-dollar companies have mushroomed across the continent. According to Atomico’s State of European Tech report, 11 ecosystems that had yet to produce a billion-dollar company in 2015 now have one or more.  A report from Dealroom reveals that Europe has created 571 unicorns, ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/10/2024 05:52 EDT

After securing €21.3M, Amsterdam-based Sympower acquires Flextools from Å Energi: Know more

Amsterdam-based Sympower, a company enabling the transition to a fully renewable energy system, announced on Tuesday that it has acquired Flextools, a Nordic flexibility technology provider, from Norwegian energy group Å Energi. “We are proud of what we have achieved together with Flextools, building the company from 2017 to the Nordic flexibility technology provider it ... Read more Read more ›

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