Silicon Canals

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18.11.2024 − 24.11.2024
Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 11/22/2024 03:22 EDT

Swedish ‘flying ferry’ startup Candela secures additional €13.3M; charts course for US market

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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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 04/26/2024 02:51 EDT

Dutch GRC software firm CERRIX raises funds from Fortino Capital for European expansion

Netherlands-based CERRIX, a company that specialises in Governance, Risk, and Compliance (GRC) software, has secured fresh funding from Fortino Capital, a European investor focused on B2B software and ICT. The funding amount, however, remains undisclosed. Fortino Capital, with existing investors, backs CERRIX to boost its growth and global reach. The investor provides guidance to the […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/25/2024 09:04 EDT

Amsterdam fintech unicorn Mollie is now 20 years old: Key takeaways from 2023 financial result

Amsterdam-based Mollie, a payment service provider, on Thursday, published its 2023 financial results.  The announcement comes as the Dutch fintech unicorn celebrates its 20th year as it continues to strive towards its mission of making payments and money management seamless for every business in Europe. Mollie: Celebrating 20 years of integrating payments Founded in 2004 […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/25/2024 07:08 EDT

Seven months after raising €2M, UK-based Treefera secures €11.1M to restore trust in the carbon market

London-based Treefera, an AI-enabled data management platform focused on bringing transparency and accuracy to nature-based asset reporting, has secured $12M (approximately €11.18M) in a Series A round led by AlbionVC, the sole investor in this round. Paul Lehair, Investment Director at AlbionVC, says, “We have been extremely impressed by the team’s vision and execution to […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/25/2024 06:02 EDT

Amsterdam’s Rodeo Software declared bankrupt, after fraud allegations rocked the company

Amsterdam-based Rodeo Software, a cloud-native project management software provider, has been declared bankrupt by the court in Amsterdam by termination of the suspension of payment on Wednesday, April 24. The announcement comes a week after the Dutch company got into a controversy following allegations of financial irregularities.  A brief overview As a result, US-based growth […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/25/2024 04:17 EDT

Dutch-based Flindr Therapeutics secures €20M to discover and develop precision oncology therapeutics

Netherlands-based Flindr Therapeutics, a company focused on precision cancer treatments, announced that it has secured €20M in a Series A round of funding. This funding will help advance the Dutch company’s cancer treatment pipeline, which includes “first-of-its-kind” small molecule inhibitors. Investors supporting Flindr Therapeutics V-Bio Ventures led the funding round, joined by new investors Johnson […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals 2 place · 04/25/2024 04:03 EDT

Dutch startup Canopus bags €3M to reduce dependence on fossil fuels: Know how

The Hague-based Canopus, a drilling solutions platform, announced on Wednesday that it has secured €3M follow-up investment led by the new investor Underground Ventures, and existing investors SHIFT and ENERGIQ.  The announcement was made during the Global Geothermal Impact Summit 2024 in The Hague, organised by the International Geothermal Association (IGA).  The Dutch company will […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/25/2024 03:07 EDT

FlexAI, founded by ex-Apple, Intel, NVIDIA, Tesla veterans, launches with €28.5M Seed funding 

Paris-based FlexAI, an AI compute company, on Wednesday, April 24, announced its launch with $30M (approximately €28.5M) in a seed funding round led by Alpha Intelligence Capital (AIC), Elaia Partners, and Heartcore Capital. The company will use the funds to accelerate the commercialisation of its universal AI compute.  Later this year, the company is planning […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/25/2024 03:00 EDT

Finland’s One Click LCA acquires French proptech generative AI platform Buildrz

Helsinki-based One Click LCA, a life-cycle assessment software for construction and manufacturing, has acquired Buildrz, a Paris-based company that provides generative AI software for real estate analysis. Manuel Verrier, CEO of Buildrz, says, “A real estate project is always a complex balance between technical, economic, and environmental requirements, and we are thrilled to combine Buildrz’s […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/24/2024 07:20 EDT

UK’s insurtech startup PeppercornAI bags €3.7M to enhance its conversational AI tech

UK-based PeppercornAI, a conversational AI insurtech company, announced that it has secured £3.25M (approximately €3.78M) in its latest round of funding. Despite a 34 per cent decrease in investment in UK fintech and insurtech sectors last year, PeppercornAI says its funding round was oversubscribed. Wealth Club contributed £1.9M (approximately €2.21M) of this amount and the […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/24/2024 06:28 EDT

UK’s Sorted bags €1.9M to make recycling more effective and sustainable; here’s how

London-based Sorted, a recycling technology company, announced on Wednesday that it has secured £1.65M (approximately €1.9M) in a seed funding round led by Pi Labs.  Founded in 2015, Pi Labs actively invests globally at the early stages of the startup journey – from pre-seed to series A. Other investors, include Antler, Archipelago Ventures, Conduit Connect, […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 04/24/2024 04:50 EDT

Dutch-based Beyond Weather is harnessing AI for advanced weather predictions, raises €250K from LUMO Labs

Utrecht-based Beyond Weather, a company leveraging AI for weather predictions has secured €250K in fresh funding from Eindhoven-based LUMO Labs. The investment follows previous funding from TTT-AI, NWO, and Rabobank, which helped in the development and validation of Beyond Weather’s technology. Andy Lurling, Founding Partner of LUMO Labs, says, “Although we must all press on […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/24/2024 03:30 EDT

Amsterdam-based Growth Tribe’s co-founder Peter van Sabben steps down as co-CEO; plans to explore AI-powered learning

After nine years at the helm, Peter van Sabben, the co-founder and CEO of Growth Tribe, has announced his decision to step down from his role.  He will be handing over the reins to his co-founder, David Arnoux.  “Never easy to step back as a founder, but it is the right one and the right […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 04/24/2024 03:10 EDT

Amsterdam-based agtech startup Meridia raises €5.2M: Know more

Amsterdam-based Meridia, an AgTech company, announced that it has completed its Series A funding round with a raise of €5.2M. The funding came from a consortium of new investors, including Intercontinental Exchange (ICE), Regeneration.VC, Edaphon, Cerigo Investments, Cerulean, Sabi Fund, and an investor represented by Sagana, among others. Capital utilisation The funds will be used […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/24/2024 01:48 EDT

Estonia’s Salesforge raises €467K in pre-seed funding to be an AI copilot for B2B sales execution

Tallinn-based Salesforge, a developer of an all-in-one sales execution app, announced on Wednesday that it has secured $500K (approximately €467K) in a pre-seed round from BADideas.fund, Spring Capital, Fiedler Capital, and super angel Maciej Zawadzinski. The recent funding round will support Salesforge’s growth and expansion, enabling the company to unlock new channels and autonomous capabilities.  […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/23/2024 08:00 EDT

London-based SaaS firm Fundpath secures €2.3M from Fuel Ventures to modernise fund buying-selling process

London-based Fundpath, an intelligent data-driven SaaS platform, announced on Tuesday that it has secured £2M (approximately €2.3M) in a fresh funding round from Fuel Ventures.  This second round of funding follows the £4M (approximately €4.6M) investment made in March 2023. Additionally, the announcement comes as Fundpath reaches a key milestone, with 100 asset management firms […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/23/2024 06:30 EDT

UK’s Seraphim Space announces first close of new early-stage fund to back SpaceTech innovators

London-based Seraphim Space, a SpaceTech investment group, announced that it has completed the first phase of fundraising for its new venture fund, Seraphim Space Ventures II LP (SSV II). SSV II’s new investment partners include Eutelsat, NEC, and the SKY Perfect JSAT. Mark Boggett, CEO and General Partner at Seraphim Space says, “We are delighted […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/23/2024 05:46 EDT

Invest-NL invests €5M in Regeneration.VC Fund II to help curb greenhouse gases and promote circular economy

Invest-NL, a Dutch national financing and development institution, announced on Tuesday that it has invested €5M in Regeneration.VC Fund II, a venture capital fund that invests in circular and innovative climate technologies aimed at consumers. Regeneration.VC Fund II, with a planned size of €150M, focuses on investments in and from the Netherlands. The fund aims […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/23/2024 04:21 EDT

Paris-based fintech RockFi raises €3M just three months after its official launch

Paris-based RockFi, a new private wealth management, announced that it has secured €3M in funding led by Varsity I, and initiated by Didier Valet, former Deputy CEO of Societe Generale.  The investment also saw participation from tech and private management business angels such as Antoine Freysz (from Kerala), Quentin Nickmans and Amaury Sepulchre (from Hexa), […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/23/2024 03:58 EDT

Main Capital Partners’ largest strategic exit to date: Dutch-based Enovation acquired by French firm Legrand

Main Capital Partners, a software investor in the Benelux, DACH, the Nordics, and the United States, on Tuesday, announced the successful sale of Dutch-based Enovation to Legrand. Legrand is a French company specialised in electrical and digital building infrastructures and digital care solutions. Based out of Zuid Holland, Enovation is a provider of a platform […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/23/2024 02:25 EDT

Amsterdam-based HolidayHero’s CEO and co-founder Sjeel Koster steps down

Sjeel Koster, CEO and co-founder of HolidayHero, announced on Monday that she is stepping down from her role.  HolidayHero empowers hotels and short-term vacation rental hosts to manage guest experiences beyond booking.  With the HolidayHero Guest app, users can save time on guest management, boost topline revenue, and exceed overall guest expectations. “Two years ago […] Read more

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25.11.2024 20:58
Last update: 20:46 EDT.
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