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Vishal Singh @ Silicon Canals · 08/22/2024 05:14 EDT

Germany’s Boomerang raises €1.9M to offer reusable shipping packaging solutions

Hamburg-based Boomerang, a reusable shipping packaging company, has raised nearly €3M in a fresh round of funding.  Following a pre-seed round of €1.1M in 2022/23, the current round attracted investment through the crowd-investing platform “Companisto”, where over €850K was raised from more than 400 investors, surpassing the €750K target by €100K.  Additionally, at least two ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/22/2024 05:10 EDT

Edinburgh’s Administrate secures €3.5M to help clients streamline their training operations

Edinburgh-based Administrate, a cloud-based training management platform, announced on Monday, August 19th, that it has secured £3M (approximately €3.5M) in funding from Investment Fund for Scotland (IFS), managed by Maven and delivered by the British Business Bank. The company will use the funds to launch its new AI scheduling software and expand its market reach ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/22/2024 04:00 EDT

Finnish biotech firm NADMED raises €3.5M to advance personalised treatment options

Helsinki-based biotech company NAMED has raised €3.5 million in a Series A funding round, led by Finland’s science-based startup investor Nordic Science Investments (NSI). The round also saw participation from previous investors Voima Ventures and University of Helsinki Funds, along with several private European investors and a grant from Business Finland. What does NADMED offer? ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/22/2024 03:31 EDT

Mike Lynch and his daughter Hannah were found dead in a cabin on the sunken Bayesian yacht. The news comes a couple of days after the Bayesian superyacht, sank off the coast of Sicily during a violent storm on Monday. The superyacht was carrying 22 people onboard, including a crew of 10 people and 12 ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/21/2024 09:23 EDT

Stockholm-based Candela, a manufacturer of long-range electric boats, announced on Wednesday that its first electric hydrofoil ship — Candela P-12, will service the planned water network in NEOM, the gigantic, sustainable development taking shape in Northwest Saudi Arabia. As per the deal, NEOM has procured an initial batch of 8 of the foiling, electric shuttle ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/21/2024 09:10 EDT

Amsterdam’s Hydryx secures funds to turn landfill emissions into resources: Here’s how

Amsterdam-based Hydryx, a startup on a mission to turn emissions into resources, announced that it has received a convertible loan of €350K from the Innovatiefonds Noord-Holland. The funding will support the company’s mission to tackle one of the most potent greenhouse gases, contributing to global efforts to combat climate change. Resources from waste emissions Founded ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/21/2024 07:33 EDT

London-based Fresha, a marketplace platform for beauty and wellness, announced on Wednesday that it has secured a $31M (approximately €27.8M) venture debt facility from J.P. Morgan. This funding will accelerate the company’s expansion into new markets and drive the growth of its machine-learning capabilities and AI-powered robotics. To date, the UK company has raised over ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/21/2024 06:42 EDT

Finland’s sales engagement platform Clevenio raises pre-seed funding

Jyväskylä-based Clevenio, a Finnish sales engagement software startup, has closed its pre-seed funding round. The amount, however, remains undisclosed.  The company aims to tackle a challenge faced by sales teams: the excessive amount of time spent on tasks that aren’t directly related to selling. The round was led by Gorilla Capital, with significant participation from ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/21/2024 06:08 EDT

Amsterdam’s Watermeln bags €3.5M to make diesel generators obsolete; here’s how 

Amsterdam-based Watermeln, a company focused on developing and leasing hydrogen generators, announced recently that it has secured €3.5M from Amsterdam Climate and Energy Fund (AKEF) and BEEQUIP. Watermeln is investing a total of more than €4M in scaling up and acquiring hydrogen generators, solidifying its position as a market leader in sustainable power supply. Last ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 08/21/2024 05:11 EDT

Last year, Netherlands-based Thirona, a company that provides software and image analysis services for the healthcare industry, announced the launch of a separate division — Thirona Retina. On Tuesday, August 20, Thirona Retina announced that it has been acquired by Revenio Group Corporation’s subsidiary Icare Finland Oy. In 2023, Icare made a minority investment of ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 08/21/2024 03:44 EDT

Great Place To Work, a research and consultancy agency, has recently announced the 22nd edition of its annual list of the 40 Best Workplaces in the Netherlands across four categories –  Large, Mid-Large, Medium, and Small.  René Brouwers, director of Great Place To Work Netherlands, says, “Last night we proudly revealed the ranking of the ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/21/2024 03:21 EDT

Spain’s Freightos acquires Luxembourg-based Shipsta to enhance digital freight services

Barcelona-based Freightos, a global freight booking and payment platform, announced that it has acquired Luxembourg’s Shipsta, a freight-tender procurement platform.  This deal enhances Freightos’ digital freight services by adding tender procurement to its existing spot pricing, quoting, and booking capabilities.  The acquisition also broadens Freightos’ market reach and accelerates its growth, supporting its goal to ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/20/2024 10:29 EDT

London’s Gradient Labs secures €3.2M to transform customer support with AI-driven automation

Gradient Labs, a London-based AI startup founded in mid-2023, has secured £2.8M (approximately €3.28M) in a seed round of funding. The startup is building an operating system of AI agents that automate manual, repetitive work. The investment was led by LocalGlobe and a series of angels and micro funds including Puzzle Ventures (Gloria Baeuerlein), Tom ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/20/2024 05:11 EDT

Amsterdam’s Moonlit.ai spins out from Deloitte; bags funding for its AI-driven legal research platform

Amsterdam-based Moonlit.ai, a legal tech startup offering an AI-driven legal research platform for European jurisdictions, announced on Tuesday that it has successfully spun out from Deloitte and an investment from Curiosity VC. This marks the Dutch company’s transition into an independent company, aiming to accelerate its expansion and revolutionise legal research across Europe. Fund utilisation ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 08/20/2024 05:02 EDT

Amsterdam’s AI-driven video job platform Swipework bags €650K to simplify job hunting

Amsterdam-based Swipework, a video-based job platform that leverages AI technology, has raised €650K in a seed round of funding from AI software company Artific. The Dutch-based platform officially launches on September 1, 2024, with expectations to achieve profitability by mid-2025. “Research shows that 82 per cent of people aged between 18 and 30 are not ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 08/20/2024 04:07 EDT

Mike Lynch, a tech entrepreneur, who is also called British Bill Gates, has reportedly been missing after his Bayesian superyacht, sank off the coast in Sicily during a violent storm on Monday. Lynch, the founder of Autonomy Corporation, his 18-year-old daughter, and four others are still missing. However, his wife Angela Bacares and 14 other ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/20/2024 03:05 EDT

Zurich-based Wingtra, a developer and manufacturer of professional mapping and surveying drones, has closed its Series B1 funding round. The amount, however, remains undisclosed. The Swiss company announced the investment via a LinkedIn post. The round saw participation from a diverse group of US, Swiss, and Austrian funds and family offices, including Brick & Mortar ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/19/2024 10:18 EDT

Belgium’s Uman secures €1.9M to expand its AI-driven software platform for B2B sales teams

Ghent-based Uman, an AI-driven software platform for B2B sales teams, has secured €1.9M in a fresh round of funding led by Holland Capital, together with existing investors imec and Seeder Fund. Uman’s co-founder, Charles Boutens, says, “The way most B2B companies do sales now, no longer delivers the right returns. With the possibilities AI creates ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/19/2024 09:11 EDT

Irish automotive tech company Drive acquired by Nasdaq-listed ACV Auctions: Know more

Dublin-based automotive technology company, Drive, has been acquired by ACV Auctions, a US-based Nasdaq-listed company. The development was announced by Conor O’Boyle co-founder at Drive, via a LinkedIn post. Founded in 2019 by Shane Ennis and Conor O’Boyle, Drive incorporates two businesses in the Irish automotive technology space: TradeBid & Nevo. TradeBid is Ireland’s advanced ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/19/2024 08:17 EDT

German startup Root raises €8M to build the climate OS of the food industry

Berlin-based Root, a startup developing an operating system to help food & beverage companies manage their climate footprint, announced on Monday that it has secured €8M in a seed funding round. The funding round was led by Christoph Janz at Point Nine, with participation from Project A, HelloWorld, Arc Investors, and a host of experienced ... Read more Read more ›

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