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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/14/2024 07:20 EDT

Lithuanian startup Eany.io secures €2M to empower retail businesses

Lithuania-based Eany.io, a startup developing a B2B platform for trading electronics, household, and DIY goods, announced on Tuesday, August 13, that it has secured €2M in seed funding from Market One Capital from Poland and Practica Capital from Lithuania. The company will use the funds to accelerate and optimise business processes and prepare for its ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 08/14/2024 05:53 EDT

Essential secures €10M to develop the first declarative blockchain: Know more

Essential, a declarative blockchain platform, announced on Tuesday, August 13, that it has secured $11M (approximately €10M) in a Series A funding round led by Archetype. The following investors participated in the round: IOSG, Spartan, Mirana, Amber Group, Maven 11, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini, DCLM, and PropellerHeads. Additionally, founders and angel ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/14/2024 05:53 EDT

Amsterdam Circular has announced the top 10 companies selected for the third edition of its programme, which focuses on organic residual flows. These ventures aim to accelerate their circular value chains, supporting the City of Amsterdam’s goal to halve raw material use by 2030. The selected companies will receive tailored support, capital-raising opportunities, and valuable ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/14/2024 04:05 EDT

Berlin-based Roger, a health tech startup, announced on Tuesday, August 13, that it has secured €7M in a seed funding round led by GV (Google Ventures) and Partech. Additionally, angel investors, including the founders of Orderbird, Payone, and the US platform Klara, also participated. Dentists in Germany generated €30B last year using outdated 80s software ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 08/14/2024 03:22 EDT

Iceland’s PLAIO secures €4.3M to expand its AI pharma planning platform

Reykjavík-founded PLAIO, an AI-assisted decision support platform for the pharmaceutical industry, has secured €4.3M in an oversubscribed funding round. The funding follows the company’s €2.7M pre-Series A round in 2021 and €400K injection from the Icelandic Technical Development Fund in 2023. The current round was led by Iðunn, a VC fund managed by Kvika Asset ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/13/2024 11:06 EDT

UK-based Clearly secures €3.9M to accelerate global transportation’s net-zero goals: Here’s how

London-based Clearly, an AI-based climate intelligence platform, announced that it has secured $4.3M (approximately €3.92M) in a seed round of funding. The round was led by Pace Ventures and Nine Realms, with additional investment from existing mobility investors Mobilion, Next Gear, and M1720, as well as angel investors including Lord Nash and Margaux Primat. Capital ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/13/2024 09:41 EDT

London-based legaltech company Definely has announced the launch of Definely Vault, an AI-powered knowledge management solution to transform how legal professionals access and use their organisation’s collective expertise.  The solution integrates smoothly with law firms’ document management systems, allowing lawyers to instantly search and use their firm’s entire knowledge base directly within Microsoft Word. Definely ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/13/2024 07:36 EDT

Danish startup Contribe bags €1M to help you make a positive impact with your everyday purchases

Copenhagen-based Contribe, a startup specialised in enhancing online shopping experience with social impact, announced that it has secured €1M from Rockstart, Human Act Development, EIFO, and a group of notable business angels. The business angels include: The Danish company will use the funds to accelerate its business growth and expand globally. “2024 will be the ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/13/2024 07:27 EDT

Reinier Hendriks to step down as Fairphone’s CEO after just eight months; Youvia’s ex-CEO Raymond van Eck named successor

Amsterdam-based Fairphone, the ethical smartphone maker, on Tuesday, announced the appointment of Raymond van Eck as Fairphone’s new CEO. Raymond will be officially taking over on August 31, succeeding Reinier Hendriks, who is stepping down to pursue other opportunities, says the company. “At the end of this month, I am stepping down as CEO of ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 08/13/2024 05:48 EDT

Meet the 8 startups selected to join the first edition of Leapsprong Amsterdam

Leapsprong Amsterdam has unveiled its inaugural cohort of eight innovative startups chosen from a competitive pool of 58 applicants. These startups are set to advance groundbreaking solutions to foster a circular and sustainable energy system in the Metropolitan Region Amsterdam (MRA). What is the Leapsprong Amsterdam programme? Leapsprong Amsterdam is an innovation programme aimed at ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 08/13/2024 03:08 EDT

Finland’s ColloidTek secures €5M from Dutch-based FORWARD.one, others

Tampere-based ColloidTek (Collo), a Finnish tech company specialising in IoT analysers for optimising industrial liquid processes, has secured €5M in growth funding to support its global expansion. The round was co-led by SEB Greentech Venture Capital from Sweden and Dutch deep tech investor FORWARD.one, with participation from existing investor Scale Capital from Denmark. Mikko Huumo, ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/12/2024 08:44 EDT

Belgian location intelligence startup Accurat.ai raises €1M

Ghent-based Accurat.ai, a data-driven software firm that gathers and analyses GDPR data for merchants, has secured €1M in funding to scale its location-based market research operations across Europe. With solid foundations in the Belgian and Dutch markets, the company plans to expand first into Germany. The round saw participation from investors PMV, Angelwise, Ghent-based investors ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 08/12/2024 06:09 EDT

Riccardo Osti has decided to step down as the CEO of Wonderflow after over ten years. Osti described the transition as emotional, expressing a mix of sadness, pride, gratitude, and excitement for the company’s future. Osti’s journey with Wonderflow began in 2014 when he and CTO Giovanni Gaglione relocated to Amsterdam with ambitious dreams and ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 08/12/2024 03:57 EDT

Gothenburg-based Kognic, an annotation platform helping global enterprises produce and verify sensor-fusion data for high-performing and safe AI, has secured SEK 100M (€8.8M) in funding. The round saw investment from existing investors including Metaplanet, Neudi Kapital and Stena Sessan. Daniel Langkilde, co-founder of Kognic, says the Swedish company, which has been experiencing growth, is on ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/12/2024 03:05 EDT

London-based Balderton Capital, a technology venture capital firm, announced on Monday that it has secured $615M (approximately €563M) in an Early Stage Fund IX and $685M (approximately €627M) Growth Fund II, totalling $1.3B (approximately €1.1B) to back Europe’s most ambitious entrepreneurs from the seed stage through IPO.  “At Balderton, we believe the best way to ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 08/12/2024 02:43 EDT

UK’s Gaussion bags €11M to enhance battery performance using external magnetic field: Know more

London-based Gaussion, a magneto-electrochemistry company, announced on Monday that it has secured $12M (approximately €11M) in a Series A funding round led by Autotech Ventures and supported by existing investors BGF and UCL Technology Fund. The funding round was managed by AlbionVC in collaboration with UCL Business. The UK company will use the funds to ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 08/09/2024 11:01 EDT

In other news this week: Social First raises €3.8M, Ecopals bags €4M, EQT acquires Acronis, ClearBank obtains Dutch banking license, and more

In today’s fast-paced world, keeping up with the latest news can be a tough task. With so many headlines competing for our attention, it’s easy to miss out on significant stories that shape our lives and the world around us. That’s why we’ve compiled a brief roundup of some key stories you might have overlooked ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 08/09/2024 07:27 EDT

Copenhagen-based 2021.AI, a company that claims to be a leader in Responsible AI, has secured DKK 28M (€3.6M) in a bridge funding round, with participation from DNV Ventures and existing investors. This investment will help 2021.AI to prepare for a larger funding round in Q1 2025. Mikael Munck, CEO and founder of 2021.AI says, “We ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 08/09/2024 06:48 EDT

Helsinki-based Quantlytica bags €1M to streamline finding and building the best liquidity strategies

Helsinki, Finland-based Quantlytica, a fintech company, announced on Thursday, August 8, Thursday, that it has closed €1M in a private raise in grants and investments. The private funding comes from international institutions including Polygon Labs Ecosystem Fund, Web3Port Foundation, Eureka Partners, DWF Ventures, Connectico Capital, ZBS Capital, among others. Quantlytica founder and CEO Guy states, ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 08/09/2024 05:48 EDT

Utah-based Recursion, a clinical-stage biotech company specialising in drug discovery, has entered into a definitive agreement to merge with Oxford-based Exscientia, a clinical-stage drug design and development company, focused on accelerating drug design and development. Recursion has agreed to acquire Exscientia in an all-stock deal valued at $688M (approximately €629.91M), as reported by Reuters. The ... Read more Read more ›

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