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
Minnesota-based Jord BioScience, a science company that provides Customizable Microbial Solutions for Agriculture, won the prestigious Feike Sijbesma Sustainable Innovation Award 2024 on Monday during the 9th F&A Next summit. The award, which includes a €25,000 grant prize, recognises the innovative microbial technologies developed by Jord BioScience aimed at enhancing crop productivity. Keri received the award cheque […] Read more ›
3
Montarnaud-based Biodol Therapeutics, a French biotech company developing next-generation pain treatments, announced on Tuesday, May 21, that it has been awarded €7M by BPI France through the i-DEMO call for projects. This funding will support the company’s first-in-human clinical trials. With support from the venture capital fund V-Bio Ventures, Biodol Therapeutics will lead a consortium […] Read more ›
3
Milan-based Academo, a project company formed by Lendlease and the Equiter Infrastructure II fund (managed by Ersel AM), announced recently that it has secured €215M in financing for the construction of an academic campus in the Milano Innovation District (MIND). The funding, provided by the European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP) […] Read more ›
3
Dublin-based Altach Biomedical Ltd, a healthtech company backed by Amsterdam’s NLC, has secured €1.2M in fresh funding. The company will use the funds to improve treatments for articular cartilage injuries, a major cause of osteoarthritis. The funding came from various investors, including those from a crowdfunding campaign on Spark Crowdfunding, NLC’s Stepping Stone Fund, Castanjo […] Read more ›
9
California-based xAI, a company developing AI to accelerate human scientific discovery, announced on Sunday, May 26, that it has raised $6B (approximately €5.5B) in a Series B funding round. Prominent investors participated in the funding round, including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, […] Read more ›
11
Ellen Mensink, CEO of Brightloops, a circular textile platform, announced that they have filed for bankruptcy after eight years of operations. According to Mensink, the decision was prompted by a combination of factors, including the impact of the COVID-19 pandemic, technical setbacks with their new website, a lawsuit, and a declining fashion market over the […] Read more ›
12
Dublin-based Spectrum.Life, a mental health and wellbeing digital provider, announced that it has secured €17M in a fresh round of funding. Act Venture Capital led the investment with participation from existing investors. Debbie Rennick, General Partner at Act Venture Capital, says, “Having led their first raise in 2021, we are thrilled to announce our continued […] Read more ›
2
Delft-based Powall, a company that offers R&D services and IP licensing on scalable production of nanostructured materials, has secured €3M in a follow-up investment round. The funding came from existing investors Sandwater and Invest NL, joined by EIT RawMaterials. Powall’s ultra-thin coating technology Founded in 2014, Powall enhances energy transition materials with ultra-thin coatings, making […] Read more ›
0
Netherlands-based Methaplanet, a company that aims to assist biogas plants to maximise their production, announced on May 14, that it has secured €6M in a Series A round of funding. The round was led by Pensioenfonds ABP, with backing from EIT InnoEnergy and business angels. Jacob Ruiter, Member of the Executive Board at EIT InnoEnergy […] Read more ›
2
Amsterdam-based Vortex Capital Partners, a company that invests in software and technology, has announced the launch of a new €145M technology fund from new international investors, alongside existing ones. This is Vortex’s fourth buyout fund focused on small and medium-sized software and tech companies that have high growth potential in the Netherlands, Belgium, and other […] Read more ›
27
London-based Zero Carbon Capital (ZCC), a VC firm backing early-stage founders, has closed its £20M (approximately €23.47M) fund to invest in European pre-seed and seed-stage companies working on scientific solutions for deep decarbonisation. The fund received money from various investors, including institutions, corporate, and individuals. Investors include Isomer Capital, Green Future Investments, Bunge Ventures, and […] Read more ›
0
Cambridge, often hailed as the science unicorn capital of Europe, is already at the forefront of science-based innovation. The recent analysis by Dealroom for Founders at the University of Cambridge states that the Cambridge tech ecosystem now has a combined value of $191B (approx €176M), representing 18 per cent of the entire UK’s tech ecosystem […] Read more ›
36
The Netherlands is Europe’s leading agricultural hub. See how the industry players are creating innovative solutions for sustainable farming. Read more ›
0
Stockholm-based Syre, a textile impact company initiated by Vargas Holding and H&M Group launched earlier this year, has secured $100M (approximately €92.20M) in a Series A round of funding. Led by founding investor TPG Rise Climate, the round saw additional investments from Syre’s founder H&M Group and strategic partners, including Giant Ventures, IMAS Foundation, Norrsken […] Read more ›
18
Delft-based Ore Energy, a science startup spun out of TU Delft, announced on Thursday that it has emerged from stealth with €10M funding from Positron Ventures and SPRIND. The Dutch company will use the funds to plan the large-scale production of its battery, which is based on only iron, water, and air. What does Ore […] Read more ›
19
London-based Viable, an Intelligent Finance platform designed for D2C, multi-channel and wholesale commerce brands, announced that it has closed £2.4M (approximately €2.81M) in its seed round of funding. Viable streamlines finance operations and optimises working capital for the next generation of online and multi-channel sellers. Investors supporting Viable The investment came from Episode 1, Haatch, […] Read more ›
2
Recent reports indicate that Meta is paying its AI researchers up to $2 million, with OpenAI digging even deeper, offering salaries in the $5 million to $10 million range. The race for dominance in artificial intelligence is being impacted by an extreme talent crunch, which helps to explain inflated salaries. As a result, some tech […] Read more ›
10
Amsterdam-based Peerby, a circular sharing platform that enables neighbours to borrow and lend household items, announced on Thursday that it is making its debut in Boulder, Colorado. Founded in 2012 by Daan Weddepohl, Peerby claims to have launched the world’s first working goods-sharing platform. It enables neighbours to share goods such as tools, electronics, bicycles […] Read more ›
19
Espoo-based Enifer, a biotech startup, has secured €36M in fresh funding to build a food-grade mycoprotein factory in Kirkkonummi, Finland. Set to be completed by the end of 2025 at a cost of €33M, the facility will convert food industry by-products into Enifer’s sustainable PEKILO fungi-based protein ingredients. According to the Finnish startup, this will […] Read more ›
1
Cologne, Germany-based DeepL, a language AI company, announced on Wednesday, May 22, that it has secured $300M (approximately €277M) at a $2B valuation led by Index Ventures. Additional late-stage investors, including ICONIQ Growth, Teachers’ Venture Growth, and others, also participated, along with existing investors IVP, Atomico, and WiL. Fund utilisation The company will use the […] Read more ›
18
Most popular sources
Business Insider
|
36% 4 |
Eurogamer.net
|
9% 4 |
CNET
|
8% 1 |
Android Authority
|
6% 4 |
The Verge
|
5% 3 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
25.11.2024 11:36
Last update: 11:31 EDT.
News rating updated: 18:31.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.