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Guest Contributor @ Silicon Canals · 11/22/2024 05:36 EDT

This year, the Netherlands’ largest student entrepreneurship contest celebrates 20 years of fostering innovation and entrepreneurship. What makes this award so special is the unique trajectory it offers, designed to support students and recent graduates turning their ideas into successful startups, or providing more developed start-ups the tools to becoming a success. Startups can participate ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 11/22/2024 04:13 EDT

Invest-NL and Invest International invest €17.5M in Forbion fund to support innovative biotech companies

Amsterdam-based Invest-NL, a national financing and development institution, announced on Friday that it has invested €7.5M in the Forbion BioEconomy Fund I. Forbion BioEconomy Fund I is a newly launched investment strategy of Forbion, a life sciences venture capital firm. The fund focuses on investing in innovative biotech companies that develop sustainable solutions across four ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 11/22/2024 03:22 EDT

Swedish ‘flying ferry’ startup Candela secures additional €13.3M; charts course for US market

Stockholm-based Candela, a company specialising in hydrofoiling electric boats and ferries, has finalised its Series C funding round, raising an additional $14M (approximately €13.34M) to surpass $40M in total funding for 2024.  The capital will support scaling production to meet growing demand for its electric watercraft, including the Candela P-12. The P-12 has been sold ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/22/2024 03:11 EDT

Delft-based OASYS NOW, the EU’s first AI-powered patient recruitment platform, has been announced as the winner of Slush 100 after pitching live on the international summit’s Startup Stage. The Dutch company wins €1M equity investment from two of Europe’s most prominent early-stage venture funds: General Catalyst and Cherry Ventures.  Additionally, the company will also get ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/22/2024 01:44 EDT

Emerging economies, home to over 85 per cent of the world’s population, face unique challenges due to inflation and currency devaluation. For many individuals, accessing reliable financial tools to protect their wealth and secure their future has been an uphill battle. As these economies grapple with instability, the demand for stable, dependable currencies like the ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/21/2024 08:44 EDT

Amsterdam-based Mews, a company specialised in hospitality technology, on Thursday, announced that it has acquired Gothenburg,-based Atomize, the Revenue Management Software (RMS) provider. “We couldn’t be more excited about being part of the Mews family,” says Alexander Edström, CEO of Atomize.  “With Atomise now part of Mews, it marks an exciting new chapter for the ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 11/21/2024 07:39 EDT

Amsterdam’s TNW Programs to merge with nlmtd: Here’s what happens next

Amsterdam-based TNW Programs, an advisory firm focused on innovation and transformation, announced that it will merge with nlmtd starting January 1st.  The integration will bring together their teams and activities, while TNW Programs keeps its brand name and partnership with TNW. Jon Slade from The Financial Times, TNW’s parent company, says, “It has been a ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 11/21/2024 05:46 EDT

UK’s latest unicorn Lighthouse secures €351.8M to expand AI and intelligence tools for hospitality industry

London-based Lighthouse, a commercial intelligence platform for the travel and hospitality industry, has secured nearly $370M (approximately €351.83M) in Series C growth funding. The company has achieved “unicorn” status with this round. The investment, led by global investment firm KKR, is backed by its Next Generation Technology III Fund. Existing investors, including Spectrum Equity, F-Prime ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/21/2024 04:22 EDT

Growth Catalyst Partners acquires InspiredMinds!, the UK-based company behind World Summit AI

US-based Growth Catalyst Partners, a private equity firm focused on investing in information, marketing, and tech-enabled services, on Wednesday announced that it has acquired UK-based InspiredMinds! This acquisition helps InspiredMinds! expand into the US market and strengthen its goal of connecting top AI talent through events like World Summit AI and Intelligent Health. However, post-acquisition, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/21/2024 03:00 EDT

After securing €10M from Invest-NL, Amsterdam’s Move Energy Fund lands €35M commitment from EIF

Amsterdam-based Move Energy Fund, a venture capital focusing on early-stage ventures and technologies supporting the energy transition, announced on Thursday that it has secured €35M commitment from the European Investment Fund (EIF) for its Fund I. With this fund, the Dutch VC will invest in hard- and software ventures that accelerate the energy transition. The ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/21/2024 03:00 EDT

Lyon, France-based Eden AI, an AI integration platform, announced on Thursday that it has secured €3M in a seed round led by Galion.exe. Other investors, including 50 Partners and several prominent business angels, including Olivier Pomel (Co-Founder of Datadog), Sébastien Pahl (Co-Founder of Docker), and Alix de Sagazan (Co-Founder of ABTasty), also participated. The French ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 11/21/2024 03:00 EDT

Amsterdam-based LearnWise, an AI-driven platform enhancing the student experience, has secured €2M in a seed round of funding led by London-based VC firm Emerge. The platform, which has reduced support queries by 50 per cent for over 720,000 students worldwide, aims to use the funding to enhance its product and expand its team. The move ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/21/2024 01:00 EDT

Paris-based Faircraft secures €15M to accelerate production of lab-grown leather products 

Paris-based Faircraft, a company specialising in lab-grown leather, announced on Thursday that it has secured €15M in funding. The round was backed by internationally renowned investment funds, including Kindred Ventures (USA), Cap Horn (France), BPI (France), Sake Bosch (Netherlands), Entrepreneur First (UK), Alliance for Impact (France), and Heirloom (USA). This funding will enable the French ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/20/2024 08:39 EDT

Oulu, Finland-based ŌURA, a maker of the smart ring, on Tuesday, November 19, announced that it has secured $75M (approximately €71M) in a Series D funding round at a valuation of $5B (approximately €4.7B) from California-based DexCom, a company specialised in glucose biosensing. In addition to funding, the Finnish company also partnered with DexCom to ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/20/2024 08:00 EDT

Berlin-based Extantia Capital, a VC firm that backs pioneers in climate, announced Wednesday that it has announced a final close of its oversubscribed Article 9 flagship fund at €204M. The fund received backing from a global network of institutional investors, including sovereign wealth funds, pension funds, insurance companies, corporations, and family offices.  Extantia invests in ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 11/20/2024 06:43 EDT

Netherlands-based Ebusco, a motor vehicle manufacturing company, has raised €36M through the successful completion of its Rights Issue.  The company issued 43,853,031 new shares at an issue price of €0.8209 per share. A total of 28,177,939 shares were subscribed, reflecting a 64.3 per cent take-up rate.  Long-term shareholders, including Peter Bijvelds Holding, ING CIP, and ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/20/2024 06:00 EDT

Delft-based VSParticle (VSP), a supplier of nanoparticle synthesis and deposition tools is partnering with Meta’s Fundamental AI Research (FAIR) team and the University of Toronto (UofT) to advance clean energy solutions. This collaboration merges VSP’s advanced nanoporous layer printing technology, UofT’s testing platform, and Meta AI’s models to quickly create and test new materials. During ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 11/20/2024 05:25 EDT

Hyvinkää-based Keto Software, a Finnish company specialising in Strategic Portfolio Management (SPM) solutions, has secured €6.4M in equity and €2M in loans through a recent funding round led by Emerald Technology Ventures. The round also saw investment from Greencode Ventures, Sinituote (Ilkka Brotherus), and Trauma Holding (Kimmo Rauma). The Finnish company aims to transform how ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 11/20/2024 03:08 EDT

Sweden’s Kodiak Hub secures €6M: Founder & CEO Malin Schmidt on tackling global supply chain flaws and challenges as a female leader in a male-dominated industry

Stockholm-based Kodiak Hub, the one-stop-shop supplier relationship management (SRM) platform, announced on Wednesday that it has secured €6M in funding from B2B SaaS investment firm Oxx.  The Swedish company will use the funds to accelerate its global expansion, particularly into the US. Talking about the expansion plan to Silicon Canals, Malin Schmidt, founder and CEO ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 11/20/2024 02:40 EDT

Amsterdam-based Organic Development Finance (ODF) has secured a €10M senior loan from Dutch-based Invest International to support SMEs in emerging markets. These businesses, focused on organic agriculture, aggregate and export organic ingredients, linking smallholder farmers to global markets. The funding aims to expand ODF’s capacity to provide fair-priced working capital loans, promoting sustainable agriculture.  For Invest ... Read more Read more

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