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Guest Contributor @ Silicon Canals · 10/01/2025 04:15 EDT

New industrial innovation: Why Europe needs more than SaaS

Europe’s future won’t be decided in the App Store – but on the factory floor. For more than a decade, the lion’s share of European venture capital has flowed into software – above all into SaaS models. And for good reason: they’re predictable, scalable, and easy to roll out internationally. But while the cloud is ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 10/01/2025 04:07 EDT

IKEA-backed NORNORM raises €50M as it sits pretty on profitability across core markets

Copenhagen-based NORNORM, a circular workplace furniture solutions provider, has announced that it has secured €50M in a new funding round. Existing investors, including Verdane, Inter IKEA, Philian AB and Banco Santander, have participated in the round. The Danish company plans to use the funding to enhance its circular model by utilising technology and AI to ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/01/2025 03:00 EDT

Spotify’s founder Daniel Ek steps down as CEO; co-Presidents take over leadership

Spotify shared an update on its leadership and a message from its CEO with employees, reflecting on the company’s growth and future plans. Stockholm-based Spotify, a global audio streaming platform, announced that founder and Chief Executive Officer Daniel Ek will move to the position of Executive Chairman effective January 1, 2026. The company has also ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/30/2025 10:20 EDT

Amsterdam unicorn Mews acquires London’s Flexkeeping to boost hotel productivity and efficiency

Amsterdam-based Mews, the operating system for hospitality, announced the acquisition of London-based Flexkeeping, a platform that focuses on automating housekeeping and improving hotel operations. This acquisition adds tools for housekeeping and team collaboration to the Mews system, enabling hoteliers to manage the guest experience from check-in to check-out in one place. By integrating housekeeping automation ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/30/2025 09:30 EDT

Münster-based clockin raises €10M from Amsterdam’s Newion, others to digitise Europe’s deskless workforce

​​Münster, Germany-based clockin, a company specialised in making digitalisation and AI accessible for deskless workforces, has secured €10M in growth capital. The round was led by Newion (Amsterdam) and NRW.Venture (Düsseldorf). Existing investors Scalehouse Capital (Osnabrück) and D11Z. Ventures (Heilbronn) also participated.   Newion is Europe’s early-stage investor in business software. The firm supports founders from ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/30/2025 08:38 EDT

Amsterdam’s Polars raises €18M in Series A led by Accel to advance data processing at scale

Amsterdam-based Polars, a Rust-based DataFrame library for data scientists and engineers, has secured €18M in growth funding, led by Accel, with participation from BCV, which followed up on its Seed investment. Since its seed round, where the company raised €3.6M in 2023, the platform has grown from 250,000 to over 23 million monthly users. The ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/30/2025 07:51 EDT

Meet the 9 most innovative companies from Amsterdam, according to the Dutch Chamber of Commerce (KvK)

Innovation continues to shape the future, and Dutch startups are once again demonstrating that bold ideas can drive meaningful impact in the real world.  Highlighting this spirit of ingenuity is the KvK Innovation Top 100, an initiative dedicated to showcasing the creativity and capability of small and medium-sized enterprises (SMEs) across the Netherlands. The 100 ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/30/2025 06:47 EDT

Amsterdam’s Paerel and Icecat acquire INKEF’s stake in The Hague-based SME stock exchange NPEX

The Hague-based NPEX, a stock exchange platform for small and medium-sized businesses, announced that Paerel Investment and Icecat Capital have purchased about 20 per cent of INKEF Capital’s shares in the company. Paerel Investment is an Amsterdam-based investment company with a personal approach, social commitment and focus on impact. Toon van Dooijeweerd of Paerel Investment ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/30/2025 04:33 EDT

Amsterdam’s GreenShift raises €2.35M to shift cloud computing into green gear

Amsterdam’s GreenShift, a cloud computing company, has secured funding to support its platform and growth. Investors express support for the team and the company’s focus on efficiency and performance. Amsterdam-based GreenShift, an AI technology company focused on sustainable cloud computing, has raised €2.35M in a Convertible Loan Agreement (CLA) round.  The investment was led by ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/30/2025 04:10 EDT

Amsterdam-based HyET Solaris secures €60M to build flexible solar foil plant in the Netherlands

Amsterdam-based HyET Solaris, a company specialised in ultra-lightweight solar foils, has secured €60M in growth capital from UK investors Aequitas Carbon Ltd and Abbeydale Partners LLP. Aequitas Carbon is a UK-based investment firm focused on breakthrough energy and materials technologies that support the global energy transition. Maarten Scholten, Operating Partner at Aequitas Carbon Ltd, comments, ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/30/2025 02:30 EDT

Madrid’s Reveni secures €7.5M to build ‘global operating system’ for e-commerce; eyes UK & EU expansion

Madrid-based Reveni raises Series A funding to expand its e-commerce logistics platform for returns, exchanges, and international sales. Madrid-based Reveni, a company transforming global e-commerce, has raised €7.5M in a Series A funding round to reinvent the entire logistics experience. The Spanish company manages global sales, returns, and logistics through a single platform that connects ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/30/2025 02:21 EDT

Ghent startup Highsail launches with Entourage backing to bring AI to field operations

Ghent-based Highsail, a startup that utilises AI for field operations, has officially launched with pre-seed funding from Entourage, a venture Studio and early-stage VC that invests in the early-stage B2B and SaaS sectors. “Highsail is the kind of practical AI we love to back: embedded, and ROI-driven,” says Pieterjan Bouten, founder of Entourage. “They’re not ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/29/2025 10:12 EDT

Invest International backs Amsterdam’s ACT Fund with EUR 10M and USD 10M to fuel regenerative agriculture

Amsterdam-based Agricultural Commodity Transformation (ACT) Fund has announced the closing of its first senior loan facility from Dutch state-owned impact investor Invest International. The announcement comes two months after the Dutch (caretaker) government announced the merger of Invest-NL and Invest International to form a full-fledged National Promotional Institution (NPI). The dual-currency loan comprising of €10M ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/29/2025 10:08 EDT

Danish biotech firm Genmab to acquire Dutch oncology company Merus for €6.8B

Genmab to acquire Utrecht-based Merus in an all-cash deal expected to close in early 2026, adding Merus’ cancer therapies to its pipeline. Copenhagen’s biotechnology company Genmab and Utrecht-based Merus, an oncology company, announced that they have signed an agreement under which Genmab will acquire all outstanding shares of Merus. This acquisition involves Merus’ therapy asset, ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/29/2025 09:15 EDT

Warsaw’s Expeditions secures €100M+ for Fund II with NATO backing to fuel Europe’s security and defence startups

Warsaw-based Expeditions, an early-stage investor in European security, has announced over €100M committed to its Fund II, exceeding its initial target. LPs in Fund II include the NATO Innovation Fund, the Polish Development Fund, and early executives from Skype, Wise, Bolt, and Snowflake. Fund II has already invested in seven companies, including Lendurai, Orasio, and ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/29/2025 07:38 EDT

Dutch-based Ansana bags €1.5M to make hospital surgeries safer with its smart sterilisation technology

Dutch-based Ansana raises funds to advance SteriWatch, its sterilisation system designed to enhance hospital workflows and patient safety. Maastricht-based Ansana, a health tech company based in the Netherlands, has raised €1.5M in a Seed round of funding. The investment came from NLC Health Ventures, Healthliant Ventures, BGO Ventures, and a group of private investors. Margarida ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/29/2025 06:03 EDT

UK’s Evantic Capital launches with €341M to back B2B AI innovators, powered by ‘Legends’

London-based Evantic Capital, a new venture capital firm, announced its launch with over $400M (approximately €341M) in capital. The new UK VC will focus on investing in emerging AI leaders across the United States, Europe, and Israel, primarily in high-potential B2B AI companies. Evantic’s model is based on its partnership with The Legends, a global ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/29/2025 05:52 EDT

Swedish startup SeaPattern raises €5M to unlock hidden hydropower potential across Europe

Swedish hydropower startup SeaPattern raises private funding and signs a memorandum of understanding with a European utility. SeaPattern, a Swedish hydropower startup, has announced that it raised €5M in private funding to support its operations and growth.  The company stated that the financing round is the largest private investment secured by a European hydropower startup ... Read more Read more

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 09/29/2025 04:07 EDT

Amsterdam-based Clear.bio bags €1.7M to tackle type-2 diabetes with personalised care

Amsterdam-based Clear.bio, a healthtech startup focused on personalised diabetes care, has secured €1.7M in a fresh funding round. The investment comes from sources including Horizon Flevoland, Future Food Fund, Invest International’s Dutch Trade & Investment Fund, and various business angels. The Dutch company aims to use this funding to accelerate the availability of its digital ... Read more Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 09/29/2025 02:55 EDT

Italian AI legaltech startup closes €16.2M Series A just six months after €2M Seed round

Lexroom, a Milan-based startup, is expanding its AI platform for legal professionals with support from new and existing investors. A US-based VC firm has joined the board to guide the next stage of development. Milan-based Lexroom has raised $19M (nearly €16.20M) in a Series A funding round to expand its generative AI platform for the ... Read more Read more

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19.10.2025 09:33
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