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
Invest-NL and the European Investment Fund (EIF) have signed a guarantee agreement to provide €35.7M in new financing for sustainability projects by Dutch SMEs. At an event in Luxembourg marking the EIF’s 30th anniversary, Member of the Executive Board of Invest-NL Jellie Banga closed the deal with EIF Chief Executive Marjut Falkstedt, to enhance funding […] Read more ›
27
Since time immemorial, traditional banks are an essential part of the global economy! However, the banking industry has often been shrouded in mystery, with complex revenue streams that are not transparent to customers. While many believe that banking costs are confined to monthly fees, the reality tells a different story. Banks typically earn three to […] Read more ›
11
Eindhoven-based MicroAlign, a spin-off from the Eindhoven University of Technology, has secured €1M in a seed round of funding to accelerate the commercialisation of high-accuracy fiber arrays. MicroAlign is a company operating in the micro-positioning field for automated optical assembly and testing. The funding round was led by Dutch venture capital firms DeepTechXL and PhotonVentures. […] Read more ›
31
Rotterdam-based Pryme, a chemical plastic recycling company, has secured an unsecured term loan facility from Dutch-based Energietransitiefonds B.V. (ETF-R) in either €4M or, at Pryme’s option, €5M, with a term until June 2027. The interest rate of the loan is 9.0 per cent per annum. Principal payments are deferred until maturity unless early repayment occurs. […] Read more ›
12
Paris-based Mistral AI, a company specialised in generative artificial intelligence, has secured €468M in an equity funding round at a €5.8B valuation. However, the total amount raised, including debt, is €600M, reports Sifted. The funding was led by new investor DST Global and existing backer General Catalyst, as reported by sources. The announcement comes six […] Read more ›
6
Munich-based Raily, a company specialising in an AI-driven platform that fosters meaningful human connections, has completed its pre-seed funding round, securing $1.7M (nearly €1.57M) at a valuation of $17M (nearly €15.79M). The investors, however, remain undisclosed. Raily is dedicated to tackling the widespread challenges of loneliness and social anxiety by leveraging advanced technology. Raily App: […] Read more ›
5
Amsterdam-based Haaven, a homebuilding platform, announced on Tuesday that it has secured €1.1M in a pre-seed funding round led by Speedinvest. Others, including Dutch VC firm Golden Egg Check and notable angel investors, including Quintin Schevernels (ex-CEO of Funda), Mike de Boer (ex-CFO of Knab), Eric Klaassen (co-founder of Crisp), Erik Nieuwenhuis (Founder of 12Build) […] Read more ›
3
Paris-based Zeliq, an AI sales solution provider, has raised €9.2M in a seed round of funding. The round was led by Exor Ventures, the holding company of Italy’s Agnelli family, known for investing in French unicorns Qonto and Alan. Besides, Resonance VC, which also invested at the pre-seed stage, supported the round. According to Zeliq, […] Read more ›
8
Toulouse, France-based vorteX-io, a startup specialising in large-scale hydrological monitoring solutions, announced recently that it has secured €2.9M in a fresh funding round. This funding was led by Banque des Territoires and MAIF Impact alongside AFI Ventures – Ventech’s impact fund – and SpaceFounders France, supplemented by bank financing. Since March 2023, vorteX-io has been […] Read more ›
0
The Netherlands climbed to 13th place in the world’s top-performing startup ecosystems, a one-place improvement from last year, says the Global Startup Ecosystem Report (GSER), launched today by Startup Genome and Techleap at London Tech Week. “A structural investment in the Dutch tech sector is necessary because startups offer innovative solutions to challenges in areas […] Read more ›
4
The Hague-based Uprent, a startup that aims to transform the rental search process with AI, has secured €200K in a pre-seed round of funding. The investor, however, remains anonymous. Yury Vilenskiy, co-founder & CEO of Uprent, says, “This investment will allow us to accelerate our growth and bring our vision to life — help as […] Read more ›
6
Grenoble, France-based Kalray, a provider of advanced data processing solutions, has announced that it is in negotiations to merge with the Israeli company Pliops. Ido Bukspan, CEO of Pliops and former SVP of Chip Design at NVIDIA, says, “The potential in this proposed merger between our two companies is tremendous. Combining our technological expertise, teams, […] Read more ›
32
Munich-based ARX Robotics, a company specialising in scalable robotic systems for diverse applications, has closed its seed funding round at €9M. This is the largest seed round to date for a European defence tech company. ARX Robotics was founded by a team of soldiers-turned-entrepreneurs, including Marc Wietfeld, Stefan Röbel, and Maximilian Wied. From years of […] Read more ›
0
OpenAI’s explosive growth – it reached 100 million users in just two months – illustrates a vital lesson for entrepreneurs everywhere: entering a market quickly is frequently the key to success. It is a recent example that demonstrates a substantial change in the speed at which digital services may scale. US and China setting milestones […] Read more ›
3
Stockholm-based Aira, a clean energy tech company, recently announced that it has secured €200M in debt commitments from BNP Paribas to facilitate the installation of Aira Heat Pumps in thousands of homes across Germany. Martin Lewerth, Aira Group CEO, continues, “With substantial debt financing facilities from partners like BNP Paribas, we are set to remove […] Read more ›
1
London-based Visibly, a startup focusing on blue- and green-collar industries, has raised $7.5M (approximately €6.97M) in a fresh round of funding. Visibly aims to transform regulated training for the infrastructure sector with its certification-as-a-service tech, expanding certification options for blue- and green-collar workers. This helps address labour shortages, facilitating progress on climate and infrastructure initiatives. […] Read more ›
1
Paris-based Continuity, a company specialising in leveraging AI and external data for professional and commercial P&C insurers, announced on Thursday that it has secured €10M in a Series A funding round. The funding round was led by 115K and supported by historical investors Elaia and Bpifrance through their Digital Venture fund. The announcement comes three […] Read more ›
3
Amsterdam-based neobank bunq has been the focus of numerous media publications, with concerns raised about the app’s security and customer service. According to NVB, in 2023, the Netherlands saw as many as 10,000 cases of bank helpdesk fraud and thousands more phishing victims, mentions bunq in its mail for its account holders At bunq, there were […] Read more ›
1
BGF, Ireland’s growth capital investor, has invested €4M in Eventmaster, a ticketing platform based in Limerick. This investment will result in BGF acquiring a minority stake in the company. BGF’s investment was led by Joe Higgins, who will assume a Director role on the board, and Aoife McAdam, who will serve as an Observer. Feargal […] Read more ›
49
Wagistrasse, Switzerland-based Microcaps AG, an innovator in advanced microencapsulation technology, announced on Wednesday that it has secured CHF 9.3M (approximately €9.6M) in a Series A round of funding. This Series A round saw participation from new private investors, as well as contributions from Microcaps‘ existing shareholder base, including Helvetica Capital AG, Zürcher Kantonalbank, and the […] Read more ›
13
Most popular sources
Business Insider
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29% 2 |
Tom's Hardware
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12% 4 |
Eurogamer.net
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10% 8 |
CNET
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7% 1 |
Gizmodo
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7% |
| View sources » | |
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25.11.2024 07:29
Last update: 07:20 EDT.
News rating updated: 14:20.
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