Stockholm-based Candela, a company specialising in hydrofoiling electric boats and ferries, has finalised its Series C funding round, raising an additional $14M (approximately €13.34M) to surpass $40M in total funding for 2024. The capital will support scaling production to meet growing demand for its electric watercraft, including the Candela P-12. The P-12 has been sold ... Read more Read more ›
109
Amsterdam-based FINOM, a digital banking solution for SMEs and entrepreneurs, on Wednesday announced the launch of local IBAN accounts in Spain. With this move, Spanish businesses and entrepreneurs can experience enhanced financial services, including faster transactions, improved integration with local payment systems, and streamlined banking operations. Additionally, FINOM issues free virtual and physical business cards ... Read more Read more ›
0
Utrecht-based Aurea Imaging, an agtech startup specialising in sensor systems for orchard farming at the tree level, has closed €2.8M in a Series A round of funding. The round saw participation from a consortium of investors, including Dutch impact investor Pymwymic (the company’s existing pre-series A investor) along with ROM Utrecht Region, Knop Ventures, Goeie ... Read more Read more ›
0
Copenhagen-based Kvantify, a quantum software startup, announced on Wednesday that it has secured €10M in seed funding round led by Danish VC Dreamcraft, with participation from biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other notable investors include international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN, as well as, EIFO, ... Read more Read more ›
0
Copenhagen-based Kvantify, a quantum software startup, announced on Wednesday that it has secured €10M in seed funding round led by Danish VC Dreamcraft, with participation from biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other notable investors include international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN, as well as, EIFO, ... Read more Read more ›
0
The Hague-based Sostark, a technology incubator known for its wireless technology solutions, has secured €2M in a seed round of funding from Summus Fund, a Luxembourg firm specialising in early-stage investments in high-potential technology companies. This funding will enable Sostark to expand its capabilities in developing high-volume wireless solutions for both industrial and consumer markets, ... Read more Read more ›
0
Rotterdam-based Ciphix, a hyperautomation specialist, has acquired Limburg startup Bizzomate, an expert in low-code software solutions. This acquisition marks a key step towards Ciphix’s goal of becoming Europe’s leading player in hyperautomation. Koen Mallee, CEO of Ciphix, says, “With Bizzomate, we welcome a company with a strong focus on low-code expertise and social impact. We ... Read more Read more ›
0
London-based Revolut, a fintech company, has published its financial performance for the fiscal year 2023, showcasing a solid surge in revenue and profitability. Here are the 9 key takeaways: Record profits and revenue growth The company witnessed a staggering 95 per cent year-over-year increase in group revenues, soaring from €1.1B (£0.92B) in 2022 to €2.1B ... Read more Read more ›
3
England-based Kavaken, a provider of SaaS solutions for the renewable energy sector, announced that it has secured $1.1M (approximately €1M) in seed funding rounds from Vestel Ventures, Rockstart, Norrsken Accelerator, Founderone, and 2040VC. Existing investors include Bogazici Ventures, Re-pie, and esteemed industry figures Yetik Kadri Mert, Olcayto Yigit, and Samuel Jaudel. The company will use ... Read more Read more ›
3
Berlin-based Taxfix, a financial tax platform for tax filing, announced on Tuesday, July 2, that it has reached an agreement to acquire London-based TaxScouts, a company specialising in accountant-assisted digital tax filing. With this acquisition, the Berlin-based firm enters the UK market and aims to cement its position in European financial technology, offering a range ... Read more Read more ›
0
NestEgg, an Amsterdam-based fintech platform bringing fairness to the broken market of home equity release, has secured “a significant investment” from Germany’s STYX and its team Florian Fischer, David Zwilling and Erik Walkling. NestEgg’s partnership with STYX will help the former expand its financial services across Europe, empowering elderly homeowners to achieve their financial goals ... Read more Read more ›
13
Edinburgh, Scotland-based Wordsmith, a startup specialising in AI-powered legal operations for enterprises, announced that it has secured $5M (approximately €4.6M) in a seed funding round led by Index Ventures with participation from General Catalyst, Felix, Yellow, and S16vc. The fresh capital will enable the Scottish company to build an in-house legal experience designed for employees. ... Read more Read more ›
16
Netherlands-based Innatera, a developer of ultra-low power intelligence for sensors, has secured $21M (nearly €19.58M) in an oversubscribed Series A round of funding. This total includes an additional $5M (nearly €4.66M) on top of the $16M (nearly €14.92M) announced in March 2024. This support moves Innatera closer to its goal of embedding intelligence in a ... Read more Read more ›
2
Zeist, the Netherlands-based Pensioenfonds Zorg en Welzijn (PFZW), a pension fund of, for, and by the health and welfare sector, on Monday, July 1, announced that it has made €25M in SCW Systems, an Alkmaar-based energy services company. This investment is part of a new fund with a total investment commitment of €2B, which will ... Read more Read more ›
26
Madrid-based venture capital firm Seaya has closed Seaya Andromeda fund, Southern Europe’s first Article 9 climate-tech fund, at €300M. The fund’s limited partners include Iberdrola, Nortia, Santander, BNP Paribas Group, Next Tech Fund, and Bpifrance. Carlos Fisch, partner at Seaya, says, “In addition to investors that can provide capital, there is a need for experienced ... Read more Read more ›
2
Amsterdam-based neobank bunq, on Monday, announced that it has filed summary proceedings against NRC, a newspaper company, at the Amsterdam court on Monday. The company’s CEO, Ali Niknam, took to LinkedIn to post the announcement. “Recently, bunq has been in the news a lot. Unfortunately, all too often negatively. In our opinion, this is regularly ... Read more Read more ›
7
Circle Closet, an Amsterdam-based fashion rental community, is closing. Florentine Gillis, the company’s founder and CEO, announced this in a LinkedIn post. Circle Closet is a fashion rental platform to rent and lend designer clothing for occasions. The company was founded with a mission to make the fashion industry sustainable. “My first startup “failed.” Yet ... Read more Read more ›
0
Copenhagen-based NORNORM, a circular workplace furniture solutions provider, has secured a debt facility through a collaboration with Santander Corporate & Investment Banking (Santander CIB) and the European Investment Fund (EIF). Funds to expand in Europe The Nordic company benefits from support from the European Union under the InvestEU fund. Santander CIB spearheaded the debt financing ... Read more Read more ›
2
Gothenburg, Sweden-based Meela, a mental health and well-being platform, announced on Monday, that it has secured €2.6M in a seed round funding led by a new investor — Dutch VC Peak. Existing investors, including The Inner Foundation, Unconventional Ventures, and Calm/Storm, participated in the funding round. Meela: Matchmaking platform for mental health Founded by Tiffany ... Read more Read more ›
2
Germany-based Vytal, a provider of software-enabled reusable packaging solutions, announced that it has secured more than €6.2M in a growth round of funding. The startup aims to advance the circular economy through technology and data-driven approaches that enhance the value of reusable products. The investment round, led by Emerald through its Sustainable Packaging Innovation Fund, ... Read more Read more ›
3
Stockholm-based EQT, a private equity firm, announced on Friday, June 28, the sale of its majority stake in the Spanish real estate platform idealista in a deal valued at €2.9B. This transaction follows EQT’s initial acquisition of the Spanish company in 2020 at a valuation of €1.3B. Following the sale, EQT retained an 18 percent ... Read more Read more ›
3
Most popular sources
Business Insider
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36% 9 |
Tom's Hardware
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9% 3 |
CNET
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9% 5 |
Gizmodo
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7% 2 |
Eurogamer.net
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7% 6 |
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25.11.2024 01:45
Last update: 01:35 EDT.
News rating updated: 08:40.
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