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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
Vignesh R. @ Silicon Canals 2 place · 04/12/2024 08:02 EDT

Revolut to introduce Dutch IBAN to simplify business banking in the Netherlands: All you need to know

London-based fintech unicorn Revolut announced on Thursday that they will be introducing the Dutch International Bank Account Number (IBAN) to simplify business banking for its customers in the Netherlands  Around six months after introducing Dutch IBAN for personal accounts, Revolut made the announcement for business users.  Once customers have been moved to the Revolut Bank […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals 2 place · 04/12/2024 06:55 EDT

Dutch-based Hudson River Biotechnology raises funding from Oost NL and Eurogenetic

Wageningen, Netherlands-based Hudson River Biotechnology, an agricultural biotech company, announced that it has raised funding from Oost NL and the Spanish agro-innovation company Eurogenetic.  Oost NL will be investing in the Gelderland Innovation and Energy Fund.  The investment will enable the Dutch company to scale up commercially and further develop its technology.  Ferdinand Los, CEO, […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 04/12/2024 06:16 EDT

YC-backed female-led Dutch startup Quan secures bridge funding: Know more

The Hague-based Quan, a scale-up focused on supporting teams in measuring and managing their well-being, has announced a new strategic collaboration with Zorg van de Zaak, a Utrecht-based occupational healthcare provider. Additionally, Quan has secured a bridging round of funding from its current investors. The investment was led by Hearstlab and 4impact, along with existing […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 04/12/2024 05:13 EDT

ROM Utrecht Region launches new €9M fund to back innovative startups in Utrecht region

Utrecht-based ROM Utrecht Region has announced the launch of the Startup Innovation Fund (SIF) during Dutch Health Week. The SIF will replace the Proof of Concept (POC) fund, which supported around 20 companies over the past three years. The SIF, with €9M allocated until 2029, aims to support innovative startups in the Utrecht region and […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals 1 place · 04/12/2024 04:23 EDT

Fairphone unveils Fairbuds featuring 11mm drivers, ANC, replaceable batteries: Specs, price, and more

Amsterdam-based Fairphone, an ethical electronic manufacturer, announced on Thursday that it has launched Fairbuds, a true wireless earbuds.  While most of the earbuds are often disposed of once they stop working, Fairbuds has a total of seven spare parts that can be easily exchanged. Unlike other TWS in the market, if a user loses one […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/12/2024 03:13 EDT

France-based HysetCo raises nearly €200M to accelerate hydrogen mobility solutions: Know more

Paris-based HysetCo announced that it has secured nearly €200M from investors led by Hy24 to accelerate the deployment of its hydrogen mobility solutions and drive urban transport decarbonisation. The round also saw participation from RAISE Impact and Eiffel Investment Group. With this funding, Hy24 becomes the majority shareholder in HysetCo, aligning with existing shareholders Air […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/11/2024 09:12 EDT

Amsterdam’s Kepler Vision Technologies secures €1.5M funding from ROM InWest: Know more

Amsterdam-based Kepler Vision Technologies, a healthcare software developer, announced on Thursday that it has received a €1.5M investment from ROM InWest.  The Dutch company will use the funds to accelerate the production of its ‘Kepler Night Nurse’ solution. This smart sensor technology can be used in various fields, including elderly care, to reduce the workload […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/11/2024 07:22 EDT

Amsterdam’s The Next Closet declared bankrupt: Know more 

Amsterdam-based The Next Closet, a peer-to-peer marketplace for secondhand designer clothes and accessories has been declared bankrupt by the Amsterdam court. It is still being determined why bankruptcy was filed by the company.  “The resale market in the fashion industry is currently very competitive, so profit margins have become very thin. That is the main […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/11/2024 07:04 EDT

Dutch startup Hexwise secures pre-seed funding from Rockstart, Oost NL, others

Netherlands-based Hexwise, a company focused on optimising industrial energy efficiency through insights into heat transfer performance, has closed its pre-seed funding round. The amount, however, remains undisclosed. The round saw investment from Rockstart, Oost NL, along with support from several angel investors. Capital utilisation The funding will help Hexwise to expand its digital twin technology […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/11/2024 06:18 EDT

Spanish unicorn Factorial secures €75M from General Catalyst: Know more 

Barcelona-based Factorial, an all-in-one business and HR management software for SMBs announced Thursday that it has secured an $80M (approximately €75M) Go-To-Market investment from General Catalyst’s Customer Value strategy. To support its continued growth until it becomes cash-generative with minimal constraints on the balance sheet, the company has secured additional financing. In October 2022, Factorial […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/11/2024 05:32 EDT

Amsterdam’s Renewaball gets €3M to make tennis and padel balls circular; here’s how

Amsterdam-based Renewaball, the company behind the world’s first circular tennis and padel balls, announced on Thursday that it has secured over €3M in a fresh round of funding led by Rubio Impact Ventures. The company will use the funds to accelerate its mission of substantially reducing the environmental impact of tennis and padel balls across […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/11/2024 04:57 EDT

UK’s Veremark secures €2.7M for its B2B background screening and reference-checking platform

London-based Veremark, a company specialising in global background screening, announced that it has raised $3M (approximately €2.79M) in a pre-Series B round of funding. The investment was led by Samaipata and Stage 2 Capital, with participation from ACF Investors and Vulpes Investment. Jose Del Barrio, Founder and Managing Partner at Samaipata says, “The growth trends […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 04/11/2024 03:21 EDT

Dutch anatomy app Enatom bags €900K to expand its ‘virtual dissection room’ tech

Netherlands-based Enatom, a company that has developed a next-gen anatomy app for the medical education sector, has secured €900K in funding from LUMO Labs, NOM and UNETI Ventures. Sven Bakkes, Founding Partner at LUMO Labs, says, “Enatom operates at the crossroads of two of our key impact goals; quality education, and good health and wellbeing.” […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/11/2024 03:03 EDT

German startup Scavenger AI secures €1.1M to help companies with data-driven decisions

Frankfurt-based Scavenger AI, a data analytics & AI startup, announced on Thursday that it has secured a total of €1.1M in a pre-seed funding round in Q1 2024 led by High-Tech Gründerfonds (HTGF) together with Calm/Storm Ventures, Femventix, and the B4i Fund. The company plans to use the funds to expand its team, develop the […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/10/2024 06:46 EDT

Product Spotlight: After reaching unicorn status, Amsterdam’s DataSnipper unveils two new product suites

Amsterdam-based DataSnipper, an intelligent automation platform for audit and finance, announced on Wednesday that it has launched two new product suites — the Advanced Extraction Suite and Cloud Collaboration Suite. The new suites automate data extraction from unstructured documents at scale using AI and facilitate cloud-based collaboration, boosting audit and finance teams’ productivity, while reducing […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/10/2024 06:31 EDT

Spanish startup Onum raises €25.7M to help businesses transform noisy data into meaningful insights

Madrid-based Onum, empowering companies with data control, announced that it has secured $28M (approximately €25.77M) in a Series A round of funding.  The investment was led by Dawn Capital, a B2B software investor in Europe, with contributions from Kibo Ventures and Insight Partners.  Henry Mason, Partner at Dawn Capital, says, “Onum can help businesses finally […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/10/2024 05:58 EDT

Germany’s Proxima Fusion bags €20M in Seed funding to build first-generation fusion power plants

Munich-based Proxima Fusion, the first spin-out from the Max Planck Institute for Plasma Physics (IPP), announced on Wednesday that it has raised €20M in a seed funding round led by redalpine and oversubscribed.  The Bavarian government-backed Bayern Kapital, German government-backed DeepTech & Climate Fonds, and the Max Planck Foundation also participated in the funding.  Existing […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 04/10/2024 05:10 EDT

Dutch startup ecosystem off to a strong start in 2024 with €1.05B invested in Q1: Quarterly Startup Report

The Dutch startup ecosystem has witnessed a significant surge in investments, with a total of €1.05B invested in Q1 2024.  It represents the largest quarterly amount in two years, contributing to the emergence of two new unicorns, reveals Quarterly Startup Report.  Quarterly Startup Report is a collaborative effort by Dealroom.co, Golden Egg Check, KPMG, the Dutch Association of […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/10/2024 05:04 EDT

UK-based ID5 raises €18.4M to improve online advertising for consumers, media owners, advertisers

London-based ID5, an identity provider in digital advertising, announced that it has secured $20M (approximately €18.42M) in a Series B round of funding. This investment is the largest to date in the identity space. TransUnion and S4S Ventures have joined existing investors Progress Ventures, Seventure Partners, 360 Capital Partners, Axio, and Aperiam Ventures to help […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 04/10/2024 03:00 EDT

Swedish growth and funding platform Gilion closes €10M equity funding round: Know more

Stockholm-based Gilion (formerly Ark Kapital), a growth and funding platform, announced that it has closed a €10M equity funding round, raising its total equity to €40M. The investment for Gilion comes after a “strong” year of growth, with revenue quadrupling year-over-year and an 8x increase of companies on the platform. The company claims that its […] Read more

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25.11.2024 23:42
Last update: 23:35 EDT.
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