Dutch e-bike manufacturer Stella Fietsen was declared bankrupt on Friday, according to a spokesperson for the Gelderland court. The announcement comes a few days after the company requested a payment suspension. Stella Fietsen currently has about 440 employees in 48 locations in the Netherlands and Belgium. In a statement, Frans van Oss, who has been ... Read more Read more ›
62
Eindhoven-based RE&UP Recycling Technologies, a circular-tech textile recycling venture of SANKO Group, announced on Wednesday that it has secured €70M senior loan from Proparco. The latest capital injection will allow the Dutch company to increase its capacity by building a new textile-to-textile recycling factory in Gaziantep, Turkey, with equipment including installing 8.4MW capacity rooftop solar ... Read more Read more ›
46
The Netherlands-based Payt, an accounts receivable SaaS platform, announced on Thursday, that it has secured €55M minority investment from Partech’s growth fund. The Dutch company plans to use the investment to enhance its services for customers by introducing new payment options and implementing advanced AI capabilities. Founded in 2012, Payt is an accounts receivable SaaS ... Read more Read more ›
12
Zurich-based Lakera, a real-time Generative AI (GenAI) Security company, announced on Wednesday that it has raised $20M (approximately €18.4M) in a Series A funding round led by European VC Atomico. Others, including Citi Ventures, Dropbox Ventures, and existing investors including redalpine, also participated in the round. The latest investment round brings the company’s total funding ... Read more Read more ›
1
Estonia is one of the countries with a progressive stance on gender parity. Watch how these women-led startups in Estonia break stereotypes. Read more ›
3
Job van Hooijdonk, the co-founder of Regreener, on Wednesday announced that he has stepped down from his position as director at the company. “After 3.5 years of putting my heart and soul into the company, I noticed that my job satisfaction and motivation were rapidly decreasing,” says Hooijdonk in a LinkedIn post. Van Hooijdonk says ... Read more Read more ›
1
Wageningen, the Netherlands-based NoPalm Ingredients, a biotechnology company producing yeast oils, announced on Wednesday that it has secured €5M in a Seed funding round. The funding round was led by Rubio Impact Ventures, with significant participation from Fairtree Elevant Ventures, Oost NL, Willow Capital Investments, and The Netherlands Enterprise Agency (RVO). The latest capital injection ... Read more Read more ›
33
Munich-based defence AI company Helsing has secured €450M in a Series C round of funding led by General Catalyst, with contributions from Elad Gil, Accel, Saab, Lightspeed, Plural, and Greenoaks. Helsing, which develops AI software for use on the battlefield, mentions in a statement that this round is subject to government approval. According to Bloomberg, ... Read more Read more ›
0
European scale-up companies have expanded with the assistance of public organizations, including the European Investment Bank (EIB) Group. However, these businesses continue to face persistent financing barriers that the EU can do more to address, according to a new report from the EIB. The report, titled “The Scale-Up Gap: Financial Market Constraints Holding Back Innovative ... Read more Read more ›
1
Copenhagen-based Agrobiomics, a Danish agtech company, has secured €4M in funding from NOON Ventures to launch Fortify, a potent abiotic stress protectant for plants. This solution aims to enhance climate resilience in agriculture, potentially reducing CO2 emissions by over 100 million tons annually and saving food worth up to €90B. Making agriculture resilient to climate ... Read more Read more ›
3
A couple of weeks back, Bunq, an Amsterdam-based neobank initiated summary proceedings against NRC in response to an article written by Stijn Bronzwaer and Merijn Rengers. The article highlighted allegations of Bunq employees secretly accessing customer bills. According to former employees, they can view accounts without the employer intervening. They looked at colleagues’ salaries or ... Read more Read more ›
2
Barcelona-based Exoticca, a travel tech platform for multi-day tour packages, announced the closure of a €60M Series D funding round. The round was led by Quadrille Capital, the global investment platform focusing on high-growth technology companies, with participation from new investors All Iron and ICF, as well as existing investors 14W, Mangrove, Bonsai, Sabadell, and ... Read more Read more ›
1
Robert Vis, Founder & CEO of Bird, on Tuesday announced his departure from the Netherlands in search of a more supportive environment for entrepreneurship and innovation. Vis cited challenges in the Dutch business landscape and expressed a desire to explore global opportunities. “My city of Amsterdam, where I was born and where I am living ... Read more Read more ›
2
London-based Passionfruit, a freelancing platform, announced on Tuesday that it has raised $9M (approximately €8.2M) funding in a Series A funding round led by Seaya. Existing Seed round investors, including Firstminute Capital, Playfair Capital, Cornerstone, and Portfolio Ventures, also participated. The latest capital injection will allow the UK company to continue developing products to enhance ... Read more Read more ›
15
Copenhagen-based Draupnir Bio, a biotechnology company, announced recently that it has secured €12M from MP Healthcare, the corporate venture group of Mitsubishi Tanabe Pharma Corporation, and the Export and Investment Fund of Denmark (EIFO), a financing fund backed by the Danish government. The Danish company announces it will use the funds to develop its diverse ... Read more Read more ›
9
London-based Plum, a smart money app, announced that it has secured £13.4M (approximately €12.32M) in a Series B round of funding. This brings the total to £16M (approximately €14.71M) raised in Plum’s Series B round. The total funding includes £13.4M from institutional investors, with Eurobank providing a second tranche and iGrow Venture Capital joining as ... Read more Read more ›
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Semiconductor materials are a vital part of electronics and technology. Europe is leading the industry, with many promising semiconductor startups growing. Read more ›
15
North-Brabant-based CM.com, a provider of conversational commerce, on Tuesday, announced its financial results for H1 2024. The results highlighted continued EBITDA strength, record-level gross profit growth, and effective OPEX control. Here are the key takeaways: Uptick in gross profit and margin The company’s gross profit surged by 6 per cent year-over-year, reaching €40.3M, while its ... Read more Read more ›
2
Luxembourg-based Gcore, a company offering edge and cloud-based services, has announced that it raised $60M (approximately €55.16M) in a Series A round of funding. This is the company’s first external investment since its founding over a decade ago. The round was led by Wargaming, with additional participation from Constructor Capital and Han River Partners. Capital ... Read more Read more ›
2
Zurich-based NetFabric, an ETH Zurich spin-off developing a next-gen network observability platform, announced that it secured $2.2M (approximately €2M) in a pre-seed round of funding led by Founderful and Playfair Capital. This investment supports NetFabric’s goal of transforming network observability and monitoring. According to a statement from the startup, the network monitoring industry faces ongoing ... Read more Read more ›
0
Utrecht-based ConcertLab, an acoustic filming studio, on Monday, announced the successful completion of a €1.1M investment from a group of business angels. This group consists of both financial and entertainment experts, including the team behind Mayht speaker technology (which was sold to Sonos in 2023), STMPD studios, as well as the globally renowned music producer ... Read more Read more ›
6
Most popular sources
Business Insider
|
35% 10 |
CNET
|
10% 7 |
Tom's Hardware
|
9% 3 |
Eurogamer.net
|
7% 6 |
The Verge
|
5% 6 |
| View sources » | |
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24.11.2024 19:26
Last update: 19:20 EDT.
News rating updated: 02:20.
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