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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 10/31/2024 03:01 EDT

Belgian 3D animation software startup Swoove Studios raises €6.9M after its US launch

Antwerp-based Swoove Studios, a 3D animation software company, announced on Thursday that it has closed $7.5M (approximately €6.9M)  in a seed funding round led by European angel investors. This latest round takes Swoove’s total raised to $11M (approximately €10.1M). The Belgian company receives this capital injection as it continues to scale across Europe and launched ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/30/2024 22:59 EDT

UK-based Scalpel AI secures €4.5M to transform the management of surgical tools and implants using computer vision

London-based Scalpel AI, a medtech startup, has raised £3.8M (approximately €4.55M) in funding led by Mercia Ventures, with support from Tensor Ventures and private investors. This investment will help Scalpel AI expand globally and implement its computer vision technology for tracking surgical tools and implants across the healthcare supply chain, including sterile services, hospitals, and ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/30/2024 08:47 EDT

Porto-based Infraspeak raises €18M Series B funding led by Amsterdam’s Endeit Capital

Porto-based Infraspeak, an Intelligent Maintenance Management Platform (IMMP), has announced the closure of a €18M Series B funding round, which was oversubscribed by 726 per cent. The funding was led by Endeit Capital to support the Portuguese company’s mission to streamline facilities management through collaborative intelligence. Other European investors such as Bright Pixel Capital, Caixa ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 10/30/2024 05:53 EDT

Amsterdam, the capital city of the Netherlands, has always been known as a hub for startups and innovation. Home to many successful startups, such as Booking.com and Adyen, Amsterdam continues to attract entrepreneurs from all over the world. In October 2024, several startups in this city made headlines for their successful funding rounds and the ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/30/2024 04:31 EDT

Antwerp-based Wobby, an AI-powered information platform, has secured $1.2M (approximately €1.10M) in a seed funding round. The investment came from Belgian and international funds including Shaping Impact Group’s SI3 fund, V-Ventures, and imec.istart. Selim Vanbecelaere, Partner at Shaping Impact Group, says, “We strongly believe in Wobby’s ability to make data-driven decisions accessible to all. Their ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 10/30/2024 04:15 EDT

Eindhoven-based ANTENNEX secures €1.5M from Value Creation Capital and BOM

Eindhoven-based ANTENNEX, a company specialised in antenna measurement solutions, announced on Wednesday that it has secured €1.5M seed funding from Value Creation Capital (VCC) and Brabantse Ontwikkelings Maatschappij (BOM). The Dutch company will use the funds to accelerate its commercial expansion and to improve its antenna testing and measurement landscape. Anouk Hubrechsen, CEO of Antennex ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/30/2024 03:15 EDT

EIC to invest €1.4B in European deeptech and high-potential startups in 2025: Know more

The European Innovation Council (EIC), part of the EU’s Horizon Europe programme, will invest €1.4B in 2025 to support deeptech research and high-potential startups across Europe.  The newly adopted EIC Work Programme 2025 will increase funding by €200M over 2024. Along with the increased budget, the programme introduces enhanced access to scale-up funding through the ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 10/29/2024 08:28 EDT

Munich-based Emidat, a company that offers environmental data solutions for the construction industry, has secured €4M in a seed round of funding led by General Catalyst. This funding will help Emidat improve how building materials are labeled to help the construction industry lower its impact on the environment. It will also allow Emidat to expand ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 10/29/2024 07:11 EDT

UK’s Semble bags €13.8M funding to reduce the administrative burden on medical professionals: Here’s how

London-based Semble, a healthcare software company, announced on Tuesday that it has secured $15M (approximately €13.8M) in a Series B funding round led by Mercia Ventures, with participation from Octopus Ventures, Smedvig Ventures, and Triple Point.  The company will use the funds to consolidate its position in the UK market and expand its presence in ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 10/29/2024 05:25 EDT

German startup Aignostics scores €31M to turn complex biomedical data into insights through AI: Know more

Berlin-based Aignostics, a global AI company that turns complex multi-modal pathology data into transformative insights, announced on Tuesday that it has raised $34M (approximately €31M) in Series B funding.  The oversubscribed funding round was led by ATHOS, with investments from Mayo Clinic and growth financing from HTGF, alongside support from existing investors Wellington Partners, Boehringer ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/29/2024 05:00 EDT

Rotterdam’s Passionfruit secures €350K from UNIIQ to enhance its AI-driven compliance questionnaire platform

Rotterdam-based Passionfruit, a software startup, has secured €350K in fresh funding from UNIIQ, the innovation investment fund for South Holland.  Passionfruit’s platform aims to simplify and speed up the labour-intensive task of responding to questionnaires related to Environmental, Social, and Governance (ESG), safety, and quality standards. Jasper Geselschap, Fund Manager at UNIIQ, says, “Passionfruit solves ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 10/29/2024 03:45 EDT

Norway-based eSmart System secures €30M to inspect and maintain critical energy infrastructure 

Based in Halden, Norway, eSmart System provides AI-powered solutions for inspecting and maintaining critical infrastructure.  On Monday, October 28, the company announced that it had secured €30M funding. TiLT Capital led the round, with Quanta Services participating as a strategic investor. Existing investors, including Arosa Capital, Energy Impact Partners, Equinor Ventures, Nysnø Climate Investments, Future ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/29/2024 03:03 EDT

EvoluteIQ secures €18.5M for its AI-driven business automation platform

Stockholm and London-based EvoluteIQ, an AI-powered intelligent business automation platform, has secured $20M (approximately €18.5M) in equity and debt funding. The round was led by Round2 Capital and saw participation from Nordea Growth Fund, DCAP  Select and PH ventures. Hriday Ravindranath, Chief Digital & Information Officer at Orange Business and Board Advisor of EvoluteIQ, says, ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/28/2024 09:37 EDT

Latvia’s Origin Robotics secures €4M to enhance defence capabilities with advanced drone tech

Latvia-based Origin Robotics, a defence tech startup specialising in making reusable, autonomous drones, has raised €4M in a pre-seed round of funding.  The funding round includes €2.4M in venture capital led by Change Ventures, with contributions from Silicon Roundabout Ventures. An additional €1.6M came from EU grants and support from the Latvian Ministry of Defence. ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 10/28/2024 09:36 EDT

Delft-based Arceon secures funding from Tenzing Alpha to develop advanced materials for extreme environments

Delft-based Arceon, a company developing Advanced Ceramic Matrix Composites (ArCMC) to improve materials and structures, announced on Monday that it has secured an undisclosed investment from Tenzing Alpha. The Dutch company will use the funds to support the development of its advanced materials for extreme environments. The Haarlem-based VC is also considering a follow-on investment ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 10/28/2024 08:45 EDT

Global search fund-focused fund Scipio Swanlaab SF SCR announces first closing; completes two acquisitions

Last year, Scipio Capital, a Dutch investment company, together with Swanlaab Venture Factory SGEIC SA, a Spanish-Israeli VC management firm, launched a Scipio Swanlaab SF SCR — a fund that will invest in search funds globally. Recently, the Scipio Swanlaab SF SCR fund announced its first closing with €10M from several institutional investors with extensive ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 10/28/2024 06:58 EDT

Hampshire-based CybaVerse, a cyber security management platform, announced on Monday that it has secured over £1.1M (approximately €1.3M) in funding. The funding round was backed by FSE Group, Haatch, Founder & Lightning, and several angel investors, including FSE angels and the University of Sussex Business Angels group. The company will use the funds to accelerate ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 10/28/2024 05:42 EDT

Stockholm-based Mine Storage’s pilot project in Norberg, Sweden, has been selected for a €22M grant from the EU Innovation Fund. The grant will support the company’s efforts to enhance grid stability and resilience while integrating renewable energy production. This milestone reflects the Innovation Fund’s commitment to advancing low-carbon technologies, funded by the EU Emissions Trading ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 10/28/2024 04:50 EDT

London and Lisbon-based VC Creative Capital Ventures launches new €18M fund; will focus on these sectors

Lisbon and London-based Creative Capital Ventures (CCV), a venture studio, announced on Monday that it has launched a new investment fund to support early-stage tech companies and Intellectual Property (IP) acquisitions. To date, €18M has been raised from institutional and private investors, including Saratoga Capital and Anthill Ventures. The company plans to reach €50M by ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/28/2024 04:24 EDT

Dutch-based HULO.ai wins VDS Startup Competition for its water management solution: Know more

Leeuwarden-based HULO.ai, a company on a mission to provide a globally affordable solution to improve water supplies and reduce Non-revenue water (NRW), has won the VDS Startup Competition at the Valencia Digital Summit. This development has drawn interest from global investors and technology experts, marking an important step for HULO.ai in advancing its solutions for ... Read more Read more ›

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