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Vishal Singh @ Silicon Canals · 08/29/2024 06:40 EDT

Sweden’s SmiLe Inject Capital invests €800K in these 3 life science startups: Know more

Lund-based SmiLe Inject Capital, part of the SmiLe Venture Hub, is investing SEK 9M (€800K) in three life science startups, including Uman Sense, Nygen Analytics, and Aligned Bio. SmiLe Inject Capital is a Swedish angel investment firm dedicated to supporting life science companies within SmiLe’s ecosystem, aiming to commercialise innovations that enhance global health. All ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/29/2024 06:27 EDT

UK proptech startup Tract raises funding to address housing problem through AI: Here’s how

London-based Tract, a proptech startup specialised in sourcing potential building sites and acquiring planning permissions through AI, announced that it has secured undisclosed investment co-led by Ada Ventures and Concept Ventures. The company will use the funds to develop the technology to generate surveys, reports, and other planning documentation. The UK company plans to build ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/29/2024 04:00 EDT

Hovedstaden-based Uniqkey, a company that offers password and access management solution, has raised €5.35M in funding to expand its cybersecurity solution across Europe, helping companies become more resilient to cyber-attacks and data theft. According to a statement from Uniqkey, rising geopolitical tensions and decades of underinvestment in digital infrastructure have left Europe dependent on foreign ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/29/2024 02:21 EDT

Tallinn-based Sunly, a renewable energy producer, announced that it has secured €300M in debt financing to drive the development of 1.3 GW of solar, wind, storage, and hybrid parks in the Baltics and Poland. Sunly is an independent energy producer focused on developing renewable energy projects in the Baltics and Poland. It also manages a ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/28/2024 10:02 EDT

‘s-Hertogenbosch, the Netherlands-based PeelPioneers, a foodtech company specialised in processing orange peels into new raw materials, announced that it has secured €4M in growth capital. The investment was raised from the Brabant Development Agency (BOM), the European Circular Bioeconomy Fund (ECBF), and the National Green Fund. Additionally, DOEN Participaties and Invest International, a public-private institution ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/28/2024 08:37 EDT

Amsterdam’s GoDutch appoints Bas Prass as its Chief Marketing Officer: Know more

Bas Prass, a partner at ACE, announced recently that he has taken the role of Chief Marketing Officer (CMO) at GoDutch Banking, a company that has recently entered the banking industry with a focus on fairness, and transparency. “A few weeks ago, I had the pleasure of chatting with Thomas Vles, who recently launched his ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/28/2024 07:43 EDT

Ghent-based Optioryx, a company that makes supply chains more efficient and sustainable, announced that it has secured “smart” funding to aid its global expansion. Network Venture Partners, an initiative supported by entrepreneurial investors and family offices, has acquired a minority stake in the Belgium company. Financial details, however, were not disclosed. Boost warehousing and shipping ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/28/2024 06:55 EDT

California-based Y Combinator, a startup accelerator and venture capital firm, announced the list of European startups participating in the YC S24 batch. According to Y Combinator, “The overall goal is to help startups really take off. For most startups, better shape translates into two things: to have a better product with more users, and to ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/28/2024 05:49 EDT

Liège-based Get Your Way, a Belgium startup specialising in assisted reality, announced that it has completed its second funding round, raising €850K from Industrya, Noshaq, and a private investor. Assisted reality enhances user tasks by overlaying context-specific digital information onto their view of the real world, typically through head-mounted displays. It focuses on providing practical, ... Read more Read more

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Silicon Canals
Karthek Iyer @ Silicon Canals · 08/28/2024 05:00 EDT

2024 started on an ominous note for the Dutch business climate. The year began with former ASML CEO Peter Wennink hinting at the company leaving the Netherlands. The semiconductor equipment maker is the country’s largest company and one of Europe’s most valuable tech firms. ASML assembles its machines in Veldhoven, which are crucial for manufacturing ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/28/2024 04:10 EDT

French Li-ion battery startup WATTALPS secures €11M from Amsterdam’s Move Energy, others 

Moirans, France-based WATTALPS, a lithium-ion batteries startup, announced on Tuesday, August 27, that it has secured €11M in a Series A funding round. The investment was backed by new investors, including Supernova Invest, Move Energy, and Ring Capital. Additionally, CASRA Capital and WATTALPS’ historical investors, EIT InnoEnergy, Eximium, and EIC Fund, participated. Fund utilisation The ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/28/2024 03:41 EDT

Riga-based Carguru, a car-sharing provider, announced that it has merged with the electric car-sharing startup OX Drive, creating the largest electric car-sharing service in the country. This strategic move strengthens Carguru’s market leadership by adding over 200 new electric vehicles, including Tesla and Audi models, to its fleet. These vehicles will be available exclusively through ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/27/2024 10:22 EDT

Gothenburg, Sweden-based Nordic SeaFarm, a company specialised in sustainable seaweed cultivation, announced on Tuesday that it has secured 25M SEK (approximately €2.1M) from InnoEnergy and Inter IKEA as lead investors. The funds will primarily be used to further develop R&D capabilities and to scale up ocean cultivation in Europe to meet the rising global demand ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/27/2024 09:34 EDT

Oslo-based Cardboard, a company that aims to make SaaS subscription management easier, announced on Tuesday that it has secured €1.9M in a seed funding round led by Skyfall Ventures, with participation from co-investors including RunwayFBU and Sondo. The company will use the funds to simplify subscription management for startups, scaleups, and SMEs, who often face ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/27/2024 07:05 EDT

G Squared, a growth-stage venture capital firm, announced on Monday, August 26, that it has closed its sixth flagship fund — G Squared VI, at $1.1B in committed capital. With this additional capital in G Squared VI, G Squared now has approximately $4B (approximately €3.5B) under management. To date, the VC has deployed $5B (approximately ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/27/2024 07:01 EDT

Helsinki-based Jobilla, a company specialising in digital recruitment technology, announced that it has secured €6M in additional funding. The investment came from Juuri Partners, Trind VC, Business Finland, business angels, and Matti Vikkula, who joins as Chair of the Board.  Vikkula, known for his extensive management experience, including at PwC and currently as CEO of ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/27/2024 05:58 EDT

New Kid on the Block: Here’s how Amsterdam’s Cino plans to replace Splitwise, Paypal, TIKKIE, and spreadsheets

The ever-evolving digital age has brought numerous conveniences into our lives, and managing finances is no exception. Gone are the days of awkward conversations about who owes what and how much! Meet Cino an app that addresses a common yet cumbersome task—splitting bills and sharing expenses. Founded in 2021 by Elena Churilova, and Lina Saleh, ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/27/2024 04:52 EDT

Swiss VC firm Redalpine launches new €179M fund; announces new London office

Zurich-based Redalpine, a Swiss venture capital firm that empowers “GameChangers”, has secured its largest fund to date, the oversubscribed $200M (approximately €179M) Redalpine Capital VII (RAC VII). According to the Swiss VC firm, this deal marks a milestone in nearly two decades of supporting innovative and disruptive startups. In addition to the new fund, Redalpine ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/27/2024 03:05 EDT

Polish bus manufacturer MMI, a producer of small and medium-sized buses, has secured €7.7M from the Vinci SA fund to develop electric buses in three variants including low-entry, low-floor, and normal-floor. Vinci SA, owned by Bank Gospodarstwa Krajowego, funds Polish businesses to help keep new technologies and patents in Poland and promote them worldwide. It ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/26/2024 09:41 EDT

Harlem-based Health Cloud Initiative (HCI), a company that develops software for professionals in healthcare, on Monday, announced that it has acquired the shares of SpotOnMedics, a provider of EHR software for physical therapists from VvAA. The acquisition enables both companies to better respond to the rapidly changing healthcare market and contribute to a higher quality ... Read more Read more

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