Dutch e-bike manufacturer Stella Fietsen was declared bankrupt on Friday, according to a spokesperson for the Gelderland court. The announcement comes a few days after the company requested a payment suspension. Stella Fietsen currently has about 440 employees in 48 locations in the Netherlands and Belgium. In a statement, Frans van Oss, who has been ... Read more Read more ›
62
Copenhagen-based ABH Optics ApS, a company spun off from the Technical University of Denmark (DTU) developing the world’s thinnest and lightest eyeglass lenses, has secured €1M in a pre-seed round of funding. The investment was led by High-Tech Gründerfonds (HTGF), an early-stage investor in Europe. Olaf Joeressen, Senior Investment Manager at HTGF, says, “We are ... Read more Read more ›
39
Cambridge-based Riverlane, a quantum engineering company, announced on Tuesday, August 6, that it has raised $75M (approximately €68.7M) in a Series C funding round led by Planet First Partners, the European growth equity sustainable investment platform. This is the first-ever Series C investment for a quantum computing company in Europe, claims the company. Other investors, ... Read more Read more ›
0
Stockholm-based Impactpool, an AI-enabled career platform, announced on Tuesday that it has secured $4M (approximately €3.6M) in a Series A funding round led by Mediahuis and Fort Knox. The company will use the funds to advance its technology and further its goal of placing one billion professionals with organisations dedicated to meaningful change. Birth of ... Read more Read more ›
8
Vilnius-based Biomatter (previously called Biomatter Designs), a synthetic biology company that creates new proteins for health and sustainable manufacturing applications, has secured €6.5M in seed funding. The round was led by Inventure and UVC Partners. Existing investors including Practica Capital and Metaplanet, as well as business angels and industry experts, also participated in this round. ... Read more Read more ›
0
Black Forest Labs, a generative AI research community, led by Robin Rombach, Patrick Esser, and Andreas Blattmann — the original co-creators of the Stable Diffusion series of models, recently announced its official launch. The company aims to develop and advance state-of-the-art generative deep learning models for various forms of media, such as images and videos, ... Read more Read more ›
15
Amsterdam-based TP Tuned, a boutique specialising in transfer pricing automation, has partnered with investment firm Vortex Capital Partners. Vortex has now become a majority shareholder alongside management. Vortex will support TP Tuned’s goal to become a leading provider of transfer pricing documentation services and software. It will help expand TP Tuned’s offerings across global markets ... Read more Read more ›
12
Switzerland-based DemoSquare, an EPFL spinoff that develops AI technologies to help companies anticipate political and regulatory changes, has secured CHF 1.2M (approximately €1.28M) in a pre-seed round of funding from Swiss and German investors. The round was led by Zurich-based QBIT Capital and co-invested by High-Tech Gründerfonds (HTGF). Georges Khneysser, QBIT Capital’s founder, says, “Victor ... Read more Read more ›
3
In recent years, Glasgow has been gaining prominence as a hub for innovation and entrepreneurship. From technology to healthcare, young companies are harnessing creativity and drive to disrupt industries and accelerate economic growth in the region. Recently, Glasgow City Council, in collaboration with Dealroom, announced the Top 50 Startups in the Glasgow City Region list. ... Read more Read more ›
1
Revoize, a Polish startup specialising in noise reduction and speech enhancement technologies, has secured over PLN 2M (nearly €464K) in investment from AIP Seed and co-investor Marcin Zukowski. This funding aims to support Revoize’s mission to transform online communication by enhancing the quality of real-time conversations for users worldwide. What is Revoize? Founded by Stanisław ... Read more Read more ›
12
Paris-based investment management firm idiCo has invested €8M in Loré, a Bordeaux-based company specialising in software for managing real estate tax and investment affairs, as part of a primary Leveraged Buyout (LBO). This marks the first investment of the idiCo Expansion 4 fund. Benjamin Arm, MD of idiCo, says, “We are proud to announce that ... Read more Read more ›
15
Limburg, the Netherlands-based Solarge, a manufacturer of lightweight, circular, and PFAS-free solar panels, announced recently that it has secured €1.5M from the Limburg Energy Fund (LEF). With this investment, LEF will join the shareholder structure of Solarge. The Dutch company will use the funds towards the further scaling up of the current production location in ... Read more Read more ›
0
Liverpool-based Yodel, an independently owned parcel carrier, announced that it secured £85M (approximately €99.28M) in a funding package to invest in business automation and modernisation over the next three years. This investment, supported by PayPoint plc and IGF (Independent Growth Finance), will address the growing demand for Out of Home (OOH) deliveries and the material ... Read more Read more ›
1
Stockholm-based GreenIron, a startup focused on cost-efficient CO2-free reduction of metal oxides to pure metals, announced recently, that it has secured an additional SEK 100M ( approximately €8.6M) financing from existing shareholders. The capital injection comes a few months after GreenIron obtained the environmental permit for its first full-scale production unit in Sandviken, Sweden. Construction ... Read more Read more ›
22
In the world of technology, every day, we come across multiple news that hit the headlines in terms of funding, breakthroughs, or acquisition. Amid our busy lives, it’s easy to miss out on important news stories that can impact our world. As we near the end of the week (29th July – 2nd Aug), it’s ... Read more Read more ›
1
Paris-based Morpho, a company developing a decentralised protocol for crypto lending and borrowing on Ethereum, has secured $50M (approximately €46.15M) in fresh funding. The investment came from Ribbit Capital and other strategic partners to advance Morpho network’s decentralisation and its mission of making financial infrastructure a public good. Ribbit Capital’s investment in Morpho connects it ... Read more Read more ›
1
Hamburg-based Planeteers, a company specialising in carbon capture and storage (CCS), announced that it closed a single-digit million seed funding. The amount, however, remains undisclosed. The round saw participation from existing investors and new contributors BonVenture, Smart Energy Innovationsfonds AG from Energy 360° AG, and ClimaNow. Christof Signer, Investment Manager at E360°, says, “The vision ... Read more Read more ›
73
Cambridge, UK-based CorrosionRADAR, a provider of predictive Corrosion Under Insulation (CUI) monitoring solutions, announced on Tuesday, July 30 that it has secured £5M (approximately €5.9M) investment in a fresh funding round from Aramco Ventures, Dow, Kanoo Ventures, and Mercia Ventures. Mercia Ventures, the UK’s most active venture capital investor, invested through the Midlands Engine Investment ... Read more Read more ›
12
Europan Commission (EC), on Thursday, August 1, announced that the European Artificial Intelligence Act (AI Act) has entered into force. According to the EC, the Act aims to foster responsible artificial intelligence development and deployment in the EU. The Act provides both developers and deployers with clear requirements and obligations regarding specific uses of AI ... Read more Read more ›
7
Nantes-based D-ICE Engineering, a French deeptech company focused on energy transition and decarbonisation in the maritime and offshore industries, has secured €6M in a Series A round of funding. The round was led by SWEN CP’s Blue Ocean fund, which targets innovations that help regenerate ocean biodiversity. New strategic partner Mer Invest joins the round, ... Read more Read more ›
0
London-based Axle Energy, an energy flexibility startup, announced on Thursday that it has secured $9M (approximately €8.3M) funding in a Seed round led by Accel, with participation from existing investors Eka Ventures and Picus Capital. Notable angel investors, including Amit Gudka (founder and CEO of Field Energy); Sierra Peterson (founder of Voyager Ventures); Hanno Renner ... Read more Read more ›
0
Most popular sources
Business Insider
|
35% 9 |
Tom's Hardware
|
9% 3 |
Eurogamer.net
|
8% 7 |
Gizmodo
|
7% 2 |
The Verge
|
7% 4 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
24.11.2024 16:49
Last update: 16:40 EDT.
News rating updated: 23:41.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.