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Vishal Singh @ Silicon Canals 3 place · 12/03/2024 04:30 EDT

Amsterdam-based Farmless, a startup focused on producing carbon-negative food ingredients by converting renewable energy and CO2, has secured a €1M grant from the European Regional Development Fund (ERDF). The grant will support the company in validating its fermentation method for protein production, a process that does not require agricultural land, in an operational environment.  “Our ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/03/2024 03:44 EDT

French medical tele-expertise startup secures €6M; plans to hire 20 additional staff

Paris-based Omnidoc, a tele-expertise and e-RCP solutions provider for healthcare professionals and medical organisations, has secured €6M in a new funding round. The round was led by Alven, with support from existing investors Kurma and Newfund.  The company plans to use the funds to expand its operations in France and internationally. Omnidoc aims to establish ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 12/03/2024 03:00 EDT

Amsterdam’s Recall bags €1.4M funding to help users organise information using AI: Know more

Amsterdam-based Recall, an AI startup that helps users summarise, organise, and revisit information, announced on Monday that it has secured $1.5M (approximately €1.4M) in a funding round led by renowned VC Jason Calacanis. Other investors, including Blockchain Founders Capital and Rocket Capital, participated in the round. The Dutch company will use the funds to accelerate ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/03/2024 03:00 EDT

On Tuesday, Ghent-based foodtech unicorn Deliverect announced that it has acquired Tabesto, the first all-in-one restaurant and fast-food ordering and payment kiosk. The acquisition announcement comes following the launch of  The acquisition From now on, restaurant owners using Deliverect for online orders can upgrade their in-store service with Tabesto’s smart ordering and payment technology. With ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/03/2024 02:13 EDT

London’s Synthera raises €1.7M to transform financial market analysis with GenAI

London-based Synthera, a fintech company leveraging generative AI to transform financial market analysis, has raised $1.86M (approximately €1.77M) in a pre-seed funding round. Led by Motive Ventures, the round also saw participation from Entrepreneur First, Transpose Platform, KDX (led by Stanford Professor Ashby Monk), BuenTrip Ventures, Robin Capital, and Angel Invest.  Angel investors, including a ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/03/2024 01:34 EDT

Berlin-based carbmee, a developer of AI-powered carbon management software, announced on Tuesday that it has secured €20M in a funding round led by CommerzVentures, with participation from Fly Ventures. The announcement comes as the company claims to have consistently achieved sustainable growth, whilst maintaining capital-efficient operations, carbmee’s revenue has tripled over each of the past ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/03/2024 01:10 EDT

Berlin’s NetBird bags €4M: Co-founder Mikhail Bragin on democratising Zero Trust security in the hybrid work era, hiring plans, and more

Berlin-based NetBird, a company that develops an open-source network security platform, announced on Tuesday that it has raised €4M in Seed funding. The round was co-led by InReach Ventures and existing investor Nauta, with participation from Antler and a grant from the German Federal Ministry of Education and Research. The German company plans to use ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/02/2024 09:53 EDT

Amsterdam-based Nebius Group, an AI infrastructure company, announced on Monday that it has entered into definitive agreements for a $700M (approximately €667M) private placement financing from a select group of institutional and accredited investors. It includes participation from Accel, NVIDIA, and certain accounts managed by Orbis Investments. The Dutch company will use the funds to ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/02/2024 08:48 EDT

Wouter Bruins, co-founder of Leiden-based In Ovo, steps down; announces Anouk ter Laak as new CEO

Wouter Bruins, co-founder of In Ovo, announced his decision to step down from his role, which he co-founded 13 years ago alongside Wil Stutterheim. “When we, as students, started In Ovo, there was no technology, no market, and no funding. Leiden University provided us with early support, seeing the value of our mission to end ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/02/2024 07:08 EDT

Alstin Capital, a Munich-based venture capital firm specialising in early-stage B2B software investments, has raised €175M for its Alstin III fund. The investors include foundations, banks, insurance companies, family offices, and high-net-worth individuals. Originally targeting €100M with a hard cap of €125M, the fund exceeded its goal within four months, prompting an increase in the ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/02/2024 07:07 EDT

UK’s 9fin secures €47.4M to fix the outdated debt capital markets with its AI-powered analytics platform

London-based 9fin, an AI-powered analytics platform for debt capital markets, announced on Monday that it has raised $50M (approximately €47.4M) in a Series B round led by Highland Europe. Existing investors, including Spark Capital, Redalpine, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital, also participated in the round. The new funding will enable the UK company ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/02/2024 06:09 EDT

Leiden-based VitroScan, a biotech company, announced that it has received €1.9M from Biotech Booster to deliver chemotherapy response prediction for ovarian cancer patients. Biotech Booster’s funding will help the Dutch company to use its knowledge and research, along with partnerships with ovarian cancer experts from Leiden University Medical Centre and Radboud University Medical Centre. This ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/02/2024 05:34 EDT

Amsterdam-based venture capital firm 819 Capital Partners announced that it has acquired and invested in CiMaas, a Dutch biotech company specialising in Natural Killer (NK) cell therapy aimed at advancing cancer treatment.  Earlier, CiMaas had filed for bankruptcy, effective June 11, 2024, due to financial challenges that hindered its ability to fund necessary clinical studies, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 12/02/2024 04:13 EDT

Amsterdam-based Stellantis, an automaker company, recently announced that its CEO Carlos Tavares has resigned from his position. The Company’s Board of Directors, under the Chairmanship of John Elkann, accepted the resignation with immediate effect. Chairman John Elkann says, “Our thanks go to Carlos for his years of dedicated service and the role he has played ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/02/2024 03:49 EDT

Helsingborg-based Acorai, a Swedish company specialising in heart failure management devices, announced that it secured $4.5M (approximately €4.28M) in a fresh round of funding.  The investment, made by the European Innovation Council (EIC) Fund, Taiwan Medical University, and private investors, will support the completion of clinical studies and regulatory approvals in the US and Europe. ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 11/30/2024 04:09 EDT

In other news this week: Sulmara secures €17.8M, Reefilla secures €4.5M, Doctorflix raises €4.1M, and more

Amid numerous funding rounds, acquisitions, and innovation announcements, it’s easy to overlook some of the quieter, yet equally important stories that made waves this week. To help you stay in the loop, we at Silicon Canals have rounded up a list of news that we missed as part of our “In Other News This Week” ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 11/29/2024 08:16 EDT

Berlin-based Akhetonics bags €6M to create all-optical processors: Know more

Berlin-based Akhetonics, a developer of the world’s first true all-optical digital processor, announced on Friday that it has raised €6M in a funding round led by Matterwave Ventures. Other investors, including 468 Capital, Bayern Kapital, and existing investors Runa Capital, and Rheingau Founders, participated in the round. This investment will enable the German company to ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 11/29/2024 08:06 EDT

Netherlands-based family-owned enterprise VANAD Group has acquired Utrecht’s sports tech company SciSports. Arthur Nederlof of VANAD Group highlighted the company’s ties to sports, mentioning a past attempt to acquire Dutch football club ADO Den Haag. He says, “While that venture didn’t materialise, this acquisition aligns our passion for sports with our expertise in technology. It ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/29/2024 07:20 EDT

This UK startup claims to be the ‘world’s thermometer’; secures €24M from Lockheed Martin, others

London-based SatVu, a climate technology company, announced that it has raised £20M (approximately €24M) in funding. The capital includes £10M (approximately €12M) from an equity round led by Adara Ventures and Molten Ventures, along with an insurance payout. The equity funding was supported by existing investors, including NOA, Lockheed Martin, Seraphim, Ridgeline, and Stellar Ventures. ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 11/29/2024 05:50 EDT

Paris-based Raidium bags €16M funding to advance precision medicine

Paris-based Raidium, a company specialised in creating the model for 3D medical imaging in radiology, announced on Thursday, November 28, that it has raised €16M in a seed funding round, co-led by Newfund and Kurma Partners. Others, including Galion.exe, Founders Future, Debiopharm, Techmind, and the European Innovation Council and SMEs Executive Agency (EISMEA), participated in ... Read more Read more

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