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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 09/20/2024 03:17 EDT

London-based Datamaran, an ESG risk management software platform, announced that it has raised $33M (approximately €29.52M) in a Series C round of funding.  The funds will support the company’s expansion in the US and Europe and advance its generative AI initiatives. Prior to this, in September 2022, the UK-based company raised £11.7M in its Series ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/19/2024 09:37 EDT

Groningen’s Future Tech Ventures debuts with €20M proof-of-concept fund to back 50 Northern Netherlands startups

Groningen-based Future Tech Ventures (FTV), on Thursday, announced the official launch during the Startup Festival in Groningen. The proof-of-concept fund has a size of approximately €20M and is partly financed by a European subsidy from the Just Transition Fund (JTF) of €10M. The remaining financing comes from the collaborating partners in FTV and co-investors, including ... Read more Read more ›

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Silicon Canals
Guest Contributor @ Silicon Canals · 09/19/2024 08:10 EDT

Those working in the tech industry will remember 2021 as a banner year for both VC funding and unicorn creation. That year, it seemed like a new billion euro company was minted every week, and in fact, with a final tally of 69 for 2021, it was a huge increase on 2020’s number of unicorns ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/19/2024 07:28 EDT

Dutch healthtech startup Cordys Analytics to receive funding from Health Holland and the EU

Utrecht-based Cordys Analytics, a startup that aims to transform heart care using Artificial Intelligence (AI), has been awarded €650K in funding from Health Holland and the EU. The grant comes from the Dutch company’s €800K Eurostars grant in June with UMC Utrecht and MedicalCSE. Connecting human and AI in cardiology Cordys Analytics is transforming heart ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/19/2024 06:58 EDT

London-based Yonder, a rewards credit card challenger, announced on Thursday that it has raised £23.4M (approximately €27.8M) in new funding at a post-money valuation of over £100M (approximately €119M). The funding round was led by Dan Jones through Repeat (formally Jigsaw), and Gareth Jefferies through RTP Global with support from Remus Brett through Latitude, the ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 09/19/2024 05:56 EDT

Germany to commit €12B to strengthen its startup and VC ecosystem: Know more 

In recent developments, the federal government, KfW, the financial sector, and players from the startup ecosystem have agreed on joint efforts to strengthen growth and innovation financing in Germany. On September 17th, a joint declaration of intent was signed at the Startup Germany Summit, assuring a commitment to Germany as a financial centre and promoting ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/19/2024 05:25 EDT

Utrecht-based Effective Media & Marketing (EMM), the holding company of Scoupy founders Geert Luyendijk, Jeroen Lubbers, and Valentijn Bras, is selling its majority stake in Amsterdam’s Hiiper to Woolsocks AG. Woolsocks, a Swiss money app, was created to help people regain control through smart technology. It simplifies financial management and empowers users to take charge ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 09/19/2024 03:18 EDT

Amsterdam’s Return acquires majority stake in Germany’s J&P Batterie Projekte for €50M: Know more

Amsterdam-based Return, an energy transition platform, announced on Thursday that it has acquired a majority stake in Hamburg-based J&P Batterie Projekte with a €50M investment and commitment. The announcement comes as the Dutch company aims to expand its renewable energy market in Germany. What does this acquisition solve? Storage is the bottleneck of the energy ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 09/19/2024 03:14 EDT

Headline raises €776.5M: looks to back growth-stage companies across Europe and North America

Headline, a Europe- and SF-based venture capital firm, announced that it has raised $865M (approximately €776.57M) for its Global Growth IV fund to support companies at their growth inflection points, focusing on Series B and beyond. Christian Leybold, Founding Partner of Headline, says, “The European tech ecosystem is still in its early stages, with lots ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/18/2024 09:42 EDT

Amsterdam-based Kryha, a blockchain studio, announced on Wednesday that it has been declared bankrupt.  According to Tobias Disse, CEO and Co-founder of Kryha, the announcement came after a challenging period for the company, which began with the loss of a big client about a year and a half ago. “It started about a year and ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/18/2024 08:49 EDT

Bulgaria’s Ekaterina Zaharieva has been selected as the EU’s first-ever Commissioner for Startups, Research, and Innovation for the next five years (2024-2029). The announcement was made by  European Commission President Ursula von der Leyen, who was elected for a second mandate. Zaharieva, a member of Bulgaria’s GERB party, is an experienced politician, having served as ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/18/2024 08:15 EDT

Italy’s BizAway raises €35M from Mayfair Equity Partners to accelerate growth

Milan-based BizAway, a travel booking solution provider, announced that it has secured €35M investment from Mayfair Equity Partners (Mayfair). This partnership aims to accelerate BizAway’s growth in existing and new markets. Mayfair Equity Partners is a technology and consumer-focused investor with over £2B in assets.  Yusuf Hoballah, Partner at Mayfair, says, “Anyone who has travelled ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/18/2024 06:30 EDT

Event of the month: 8 compelling reasons to attend Amsterdam Fintech Event (AFE) 2024 in October 

Are you ready to step into the future of fintech? The Amsterdam Fintech Event (AFE) 2024 is just around the corner, and it’s the perfect opportunity for fintech professionals, innovators, and tech enthusiasts to gather, learn, and network under one roof. Organised jointly by The Vereniging Holland Fintech (Holland Fintech Association) and Cognito Amsterdam, this ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/18/2024 05:39 EDT

Amsterdam-based CarePay International, a company that aims to make healthcare more affordable and accessible, announced that it has raised €10M in fresh funding. The funding round included both existing and new investors. The Reinsurance Group of America (RGA), a Fortune 500 company, joins as a new long-term strategic investor. Kenneth Schuit, Vice President of Ventures ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 09/18/2024 04:33 EDT

Lyon-based Brenus Pharma secures €22.2M to advance cancer vaccine trials: Here’s how

Lyon, France-based Brenus Pharma, a biotech company specialising in developing cancer vaccines, announced on Wednesday that it has secured €22.2M in a Series A funding round. The round is led by Angelor, an investment fund bringing together a cluster of investors from the Auvergne-Rhône-Alpes (AURA) region. This group includes UI Investissement for the Fonds régional ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/18/2024 03:28 EDT

Gent-based FixForm, a collaborative platform for building management and maintenance, announced that it has secured €1.5M in a fresh round of funding from a select group of Belgian investors. The investment came from Pitchdrive, Imec.istart, Delaware Ventures and StarApps, along with angel investors like Lorenz and Boris Bogaert, Wim Derkinderen, Koen Christiaens, Stefan and Dieter ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/17/2024 09:09 EDT

UK renewable energy company Fuse raises €10.7M to help to unf*ck the planet; here’s how

London-based Fuse Energy, a renewable energy company, announced that it has secured $12M (approximately €10.77M) in strategic funding to develop Project Zero, a decentralised renewable energy network. The goal for Project Zero is to become the world’s largest decentralised energy network, with its token serving as a global currency and settlement layer for energy. The ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/17/2024 09:00 EDT

London-based NetMind, an AI company that aims to advance Artificial General Intelligence (AGI), announced on Tuesday that it has invested £2M (approximately €2.3M) in TG0, a London-based developer of AI-powered human-machine interfaces. According to the company, the investment was finalised in Q3, 2023, but it is being announced by the companies today in line with ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/17/2024 05:46 EDT

Barcelona-based electric motorbike company Stark Future secures €40M from EIB

The European Investment Bank (EIB), on Monday, September 16, announced that it has signed a €40M credit facility with Stark Future to finance the company’s research, development, and innovation activities in the electric motorcycle sector.   The European Investment Bank’s investment in Stark Future is backed by the European Union under InvestEU, which aims to mobilise ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/17/2024 05:29 EDT

Amsterdam-based Bloom & Wolf, a premium silk flower provider, announced that it has acquired Mock Flower, a competitor in Amsterdam’s silk flower market. Mock Flower aimed to ease the strain on the fresh flower supply chain by providing high-quality silk flowers and personalised service to consumers and corporate clients. Aim of the acquisition This acquisition ... Read more Read more ›

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