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Silicon Canals
Vishal Singh @ Silicon Canals · 09/11/2024 07:04 EDT

Glasgow-based SOLASTA Bio, an agri-biotech startup specialising in green insecticides, has secured $14M (approximately €12.67M) in an oversubscribed Series A round of funding.  The proceeds will drive the development of the company’s peptide-based, nature-inspired bioinsecticides, which are the first of their kind globally. With this round, SOLASTA Bio has now raised a total capital of ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/11/2024 06:13 EDT

Event of the month: 5 reasons to visit TechEx 2024 as a European startup founder.

Are you a European startup founder looking to stay ahead in tech? If yes, then TechEx Europe 2024 is the event you can’t afford to miss! Scheduled for October 1 – 2 at RAI, Amsterdam, TechEx Europe 2024 will gather top-tier experts from across the technology spectrum under one roof. Whether you’re passionate about AI, ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/11/2024 05:19 EDT

Rotterdam-based Spatium Medical, a medtech spinoff from Erasmus MC, has secured €5M in a fresh round of funding.  The round saw investment from new investors, including InnovationQuarter and Demcon Investment Fund. Existing investors Van Herk Ventures and Swanbridge Capital also participated in this round. Prior to this round, in December 2023, Spatium Medical secured funding ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/11/2024 03:09 EDT

London-based tem., an AI-powered energy transactions platform, announced that it has raised £10.5M (approximately €12.45M) in a Series A round of funding. The investment was led by European venture capital firm Atomico, with participation from existing investors AlbionVC and Revent. The round also saw participation from angel investors, including Holly and Sam Branson and Wise ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 09/11/2024 03:01 EDT

Stockholm-based Starhive, a no-code app builder, announced on Friday that it has raised $3M (approximately €2.7M) in a seed funding round led by Nordic venture capital firm node.vc, with node Partners Andy Johnston & Henrik Tellving joining the board. “This funding allows us to propel both the company and our products further than ever before,” ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 09/11/2024 02:00 EDT

Oslo’s Vind AI raises €3M: Co-founder and CEO Helene Bøhler discusses disrupting wind project planning and design using AI

Oslo-based Vind AI, a SaaS B2B company offering software solutions for the wind industry, announced on Wednesday that it has raised €3M in a seed funding round led by Norrsken VC. The round includes participation from Spacemaker founders, Arkwright X, and employees.  “Our overall goal is to establish Vind AI as the industry standard for ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/10/2024 08:30 EDT

London-based Puraffinity raises €7.9M to remove PFAS from water; appoints Vincent Caillaud as new CEO

London-based Puraffinity, a startup developing technologies to remove perfluoroalkyl and polyfluoroalkyl substances (PFAS) from water, announced on Tuesday that it has secured £6.73M (approximately €7.9M) in new investment from BGF. BGF’s investment completes Puraffinity’s £16.93M  (approximately €20M) Series A funding round, following existing funding from Octopus Ventures, HG Ventures, Kindred Capital, and Verve Ventures, as ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/10/2024 08:04 EDT

Amsterdam-based Churned, an AI platform for subscription businesses, announced that it raised €2.5M in a funding round led by Newion and Volta Ventures, with support from existing investor Goldfish. The funds will fuel growth and international expansion and help businesses predict and prevent churn, boosting customer lifetime value. Sander Vonk, Managing Partner at Volta Ventures, ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/10/2024 05:14 EDT

Hardt Hyperloop successfully completes first test at European Hyperloop Center; here’s what’s next

Rotterdam-based Hardt Hyperloop, a hyperloop network technology platform, announced that it has successfully tested its hyperloop vehicle at the European Hyperloop Center (EHC) in Veendam (Netherlands) during the European Hyperloop Center Grand Event. The European Hyperloop Center is an open test facility with 34 connected hyperloop tubes, each 2.5 meters in diameter, and features a ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/10/2024 05:00 EDT

German SaaS startup Retraced secures €15M to drive sustainable change in fashion industry: Here’s how

Düsseldorf, Germany-based Retraced, a SaaS platform for sustainability and compliance in fashion & textile supply chains, announced on Tuesday that it has secured €15M in a Series A funding round.  The funding round was led by Partech, with participation from previous investors Alante Capital, Alstin Capital, Samaipata, and F-Log Ventures. The company will use the ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 09/10/2024 04:05 EDT

Hungarian fintech startup PastPay bags €12M to help businesses with flexible payments

Budapest-based PastPay, a B2B payment solutions provider, announced on Tuesday that it has secured €12M in a Series A funding round, led by Platina Capital, making it the largest B2B BNPL raise across CEE. Platina Capital is a global private equity and venture capital company. The VC company’s mission is to empower the most promising ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/10/2024 03:30 EDT

Czech-Slovak AI-powered HR startup Sloneek secures €3.6M for European expansion

Czech-Slovak AI-powered HR system Sloneek, announced that it has raised €3.6M in its largest funding round, led by Purple Ventures II, alongside Venture to Future Fund and Vision Ventures, an existing investor. In 2022, Sloneek raised €1M from Presto Ventures and Vision Ventures, and in 2020 it received €350K from Vision Ventures. With over triple ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 09/10/2024 02:40 EDT

Warsaw-based Petsy, a marketplace that connects pet owners with local petsitters, announced on Tuesday that it has secured €1M in its first funding round. The funding was supported by more than 30 business angels, including Piotr Wawrysiuk, founder of PsiBufet, and a group of private investors associated with Cobin Angels. The Polish company will use ... Read more Read more ›

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

Amsterdam-based Bazoeki secures €450k to expand its platform for buying good puppies from vetted breeder

Amsterdam-based Bazoeki, a platform for buying good puppies, announced that it has raised €450k in a new funding round from both current and new investors took part. The current shareholders include Ard Malenstein, CEO of IJsvogel Retail Group, as well as Coen van Beuningen and Dirk Schluter from Venture Capital Wise Bird, who invested in ... Read more Read more ›

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

In April this year, Milan-based Bending Spoons, a provider of digital technology products, announced the acquisition of WeTransfer, a digital file-sharing and collaboration platform, for an undisclosed amount. Fast forward five months, the Italian company is planning to lay off 75 per cent of WeTransfer’s employees, reports TechCrunch. Bending Spoons says it will let go ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/09/2024 03:57 EDT

Atomico announces its largest ever fundraise; raises €1.12B to back Europe’s most ambitious founders

London-based Atomico, a venture capital firm, announced on Monday that it has secured $1.24B (approximately €1.12B), marking its largest-ever fundraising to date. Out of the total, $754M (approximately €681M) will be allocated towards Atomico Growth VI, which partners with entrepreneurs from Series B to pre-IPO. The remaining $485M (approximately €438M) goes to an early-stage fund ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 09/09/2024 02:59 EDT

Stockholm-based Baseload Capital secures €53M to advance geothermal energy: Here’s how

Stockholm-based Baseload Capital, a company specialised in scaling up geothermal energy worldwide, announced recently that it has secured €53M in a Series B funding round led by an investment from infrastructure fund ENGF. The main investor behind ENGF is Ingka Investments – the investment arm of Ingka Group, the largest IKEA retailer. Other shareholders participating ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 09/06/2024 10:07 EDT

In today’s fast-paced world, with new innovations emerging every minute, it is easy to feel overwhelmed when it comes to covering every significant update that could shape the future. This week, from September 2nd to September 6th, has been no exception. Amid the array of major announcements and cutting-edge innovations, several noteworthy news might have ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 09/06/2024 06:25 EDT

Belgium’s Soil Capital lands €15M to cultivate a greener future through regenerative agriculture: Know more

Perwez-based Soil Capital, a Belgian B-Corp company specialising in regenerative agriculture, has completed its €15M Series B funding round. The company focuses on addressing social, environmental, and economic needs through its low-carbon transition initiatives for farms. The round was led by Trill Impact Ventures, with participation from Société Fédérale de Participations et d’Investissement (SFPIM), Sandwater, ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 09/06/2024 04:56 EDT

Amsterdam-based Winc Academy, an online education platform, announced recently that it will become a part of the Complementair Groep (DCG) family from September 2, 2024. Noor Gerrits, CEO of Winc Academy, says, “My goal is to strengthen Winc Academy as a leading educator in the tech sector by continuing to search for the best innovative ... Read more Read more ›

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