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 ›
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Marketing and communications is one of those roles that everyone thinks they can do, and most people also think that if you’ve done it for one company, it’s probably the same at any other company, right? Unfortunately, it’s not that simple, and especially not for deeptechs. I have looked at literally thousands of deeptech decks, […] Read more ›
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Tallinn-based Bolt, a transportation platform providing ride-hailing, micromobility, and food delivery services in Europe, announced on Friday that it has closed a debut €220M syndicated revolving credit facility (RCF). Due to strong demand, the RCF was upsized during syndication and oversubscribed, says the company. This RCF was obtained from 8 lenders: Barclays, BNP Paribas, Citi, […] Read more ›
24
Copenhagen-based fintech startup Pleo has secured €40M in debt financing from London’s HSBC Innovation Banking. Pleo offers smart payment cards for employees to buy things they need for work while keeping the companies in control of spending. HSBC Innovation Banking offers flexible banking solutions to startups, scale-ups, growth businesses, investors and those working towards IPO. […] Read more ›
2
Agcurate, an agritech startup based in Arnhem, the Netherlands, has announced its acquisition of Dr. Agro, a prominent player in Azerbaijan known for its agronomy expertise and extensive network in the region’s agriculture scene. Dr. Agro is operating as an online assistant for farmers by using both traditional and precision methods. Available both on the […] Read more ›
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Copenhagen-based The Footprint Firm, a company that works for climate-positive innovations and sustainable solutions, announced the launch of its first fund, The Footprint Fund I. The fund has closed its first round at DKK 375M (approximately €50.28M). It will target investments in six key areas: energy, food and agriculture, sustainable construction, climate technologies, bio-solutions, and […] Read more ›
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London-based SumUp, a fintech company, announced on Tuesday that it has secured €1.5B from private credit lenders in a round led by Goldman Sachs. The new investors are AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG, Fortress Investment Group, SilverRock Financial Services, and Vista Credit Partners. They join existing investors such as Funds managed by […] Read more ›
0
Rotterdam-based Floorplanner, a provider of digital space planning tools, announced that it has acquired homegrown ARspar technologies, an AI photo editing platform. However, the exact amount was not disclosed. The acquisition will help Floorplanner to integrate ARspar’s AI-driven photo editing platform into its platform, enhancing the visual quality and other aspects of its space planning […] Read more ›
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Manchester-based Made With Intent, a company focused on improving e-commerce, has secured £1.5M (approximately €1.75M) in funding to launch its segmentation platform to make online shopping more personalised and fitting for customers. The round was led by Mercuri, with support from Portfolio Ventures and existing investor Haatch. The funding will support Made With Intent’s fully […] Read more ›
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Bern, Switzerland-based Ikerian AG and its subsidiary, RetinAI U.S. Inc, a developer of software solutions to accelerate healthcare workflows, announced on Wednesday that it has closed $6.18M (approximately €5.7M) in a Series A extension funding round. The round was led by the Corporate Venture Capital arm of Topcon Healthcare, Inc. Existing investors, including Zürcher Kantonalbank (ZKB), […] Read more ›
1
The Hague-based RESONIKS, an industrial AI-powered startup, has closed €2.65M oversubscribed seed round funding. Kvanted led the investment, with support from deep tech investor Faber and EIT Manufacturing. RESONIKS aims to transform the non-destructive testing industry by leveraging the precision of acoustic analysis and the intelligence of AI. Carlos Silva, partner at Faber, says. “RESONIKS […] Read more ›
3
Leuven, Belgium-based imec.xpand, an independent global venture capital fund, on Wednesday announced the launch of a new €300M fund to accelerate the growth of transformative semiconductor and nanotechnology innovations. The fund has been established in collaboration with imec, the world-leading R&D and innovation hub in nanoelectronics. Focusing on breakthrough technologies With a focus on leveraging […] Read more ›
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Ghent-based Aikido, a software security app catering to SaaS companies, announced that it has secured $17M (approximately €15.85M) in a Series A round of funding from Singular.vc, Notion Capital, and Connect Ventures. Henri Tilloy, who led the round at Singular.vc, says, “Aikido has an incredibly pragmatic and unique approach to security. It’s simple, leverages open-source, […] Read more ›
18
QuiX Quantum, a startup based in Enschede, the Netherlands, is working on a photonic quantum processor. Recently, researchers were able to successfully demonstrate the on-chip creation of Greenberger-Horne-Zeilinger (GHZ) states using QuiX Quantum technology, which is a crucial component for advancing photonic quantum computing. This establishes QuiX Quantum’s integrated technology as the leading platform for […] Read more ›
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Mobility accounts for over a third of the global CO2 footprint each year, and roughly half is work-related. This is a daunting task for employers, as they have to make a real impact on sustainability. Not only should they ‘greenify’ their car fleet, but they also need to encourage and facilitate broader sustainability of travel […] Read more ›
5
Copenhagen-based Ageras, a fintech company that provides accounting software to European small businesses, announced that it has raised €82M in an oversubscribed private placement round. To date, the company has raised €200M in funding. Who backed? The two founders and Investcorp, along with other existing investors, have accounted for approximately 50 per cent of the […] Read more ›
1
Rotterdam-based Infinity Recycling, an impact investment fund, has closed its first fund — Circular Plastics Fund, at €175M to invest in young recycling companies that have passed the startup phase. The fund, with a target size of €150M, will support the industrial and commercial scale-up of companies enabling advanced plastic recycling. The European Investment Fund […] Read more ›
0
Berlin-based Deltia.ai, a computer vision software company, recently announced the completion of €4.5M in a seed funding round led by Cavalry Ventures, with participation from existing investor Merantix. Additionally, the German startup has garnered support from a series of prominent investors, including: Fund utilisation The German company will use the funds to accelerate customer onboarding, […] Read more ›
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Being home to one of the EU’s largest economies, Germany’s startup scene continues to see considerable growth from promising startups in different sectors. Read more ›
5
London-based Urban Jungle, an insurance technology startup, announced on Tuesday that it has secured £11.2M (approximately €13M) in its latest funding round led by existing investors. This round brings the total amount raised by the business to £43.3M (approximately €50M).   The company plans to use the funding to expand its home insurance business in the […] Read more ›
3
Utrecht-based Vitestro, a company specialised in autonomous blood drawing technology, announced on Tuesday that it has secured $22M (approximately €20M) funding, bringing the total raised to $50M (approximately €46M) from both equity investments and grant funding. The latest funding round was co-led by existing investor Sonder Capital and new investor NYBC Ventures, with participation from […] Read more ›
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Business Insider
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Tech Wire Asia
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17% |
CNET
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The Verge
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5% 1 |
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5% 4 |
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25.11.2024 18:41
Last update: 18:35 EDT.
News rating updated: 01:30.
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