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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Austria-based CycloTech, an aviation tech firm that claims to be a pioneer in developing innovative flight propulsion technology, announced that it has secured €20M in funding just a few weeks after opening the funding round. The company is in talks with investors to reach a €53M funding goal this year. CycloTech CEO Hans-Georg Kinsky says, […] Read more ›
2
Frankfurt-based ENVIRIA, a commercial and industrial (C&I) decentralised energy solutions provider, announced on Thursday that it has secured over $200M (approximately €185M) equity investment. The capital comes from BlackRock through its Global Renewable Power IV (GRP IV) fund. The latest financial injection will support the expansion of the already existing 500 C&I solar projects across […] Read more ›
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Frankfurt-based ENVIRIA, a commercial and industrial (C&I) decentralised energy solutions provider, announced on Thursday that it has secured a $200M (approximately €185M) equity investment. The capital comes from BlackRock through its Global Renewable Power IV (GRP IV) fund. The latest financial injection will support the expansion of the already existing 500 C&I solar projects across […] Read more ›
2
Paris-based Mistral AI, a company specialised in generative artificial intelligence, on Monday, February 26th, announced its flagship product — Mistral Large, a language model designed to rival top-tier models like OpenAI’s GPT-4. Mistral Large is a closed-source model that developers can access through Mistral’s API platform. “Mistral Large achieves strong results on commonly used benchmarks, […] Read more ›
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Filigran, a cyber tech firm based in Paris, announced that it has secured €15M in a Series A round of funding. This round comes just six months after the company raised €5M in its initial seed round. The Series A investment was led by global venture capital firm Accel. The round also saw participation from […] Read more ›
2
Hamburg-based Heyflow, a no-code platform that empowers marketers to create interactive website experiences, announced that it has closed $16M (approximately €14.75M) in a Series A round of funding. The investment was led by European early-stage tech venture capital firm Singular. Before this round, Heyflow closed $6M in funding in 2021, led by Project A Ventures. […] Read more ›
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Amsterdam-based Vini Mini, a startup that offers nutritional products & supplements to prevent food allergies in a baby, announced on Thursday that it has secured funding from the Donor Impact Invest Fund (DIIF). The company will use the funds to accelerate its platform growth. The announcement comes three months after Laurie Lancee has been crowned […] Read more ›
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Barcelona-based Qilimanjaro Quantum Tech, a deep-tech Quantum ASIC (QASIC) provider, has been announced as a winner of the annual 4YFN Awards during a ceremony hosted on Wednesday, February 28, at the Banco Sabadell Stage. Last year, Qilimanjaro Quantum Tech has also been selected for Intel Ignite Spring ’23 Europe Cohort. Consequently, the Spanish company receives […] Read more ›
5
Manchester-based HACE: Data Changing Child Labour, announced that it has surpassed its pre-seed funding target by 20 per cent, securing £450K (approximately €525K). The UK-based company uses data and AI to assist investors in monitoring and mitigating the risk of child labour within their portfolio companies’ supply chains. HACE exceeded its funding goal by £75K […] Read more ›
0
Gothenburg-based Polestar, a premium electric vehicle firm, announced on Wednesday that it has secured $950M (approximately €877M) as a three-year loan facility. The funding was provided by 12 leading international banks, including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC, and SPDB. The Swedish company intends to use the raised funds to finance its next development […] Read more ›
21
In the vibrant ecosystem of Amsterdam’s startup scene, innovation knows no bounds. One of the key drivers of Amsterdam’s startup success is its supportive ecosystem. The city boasts a diverse network of incubators, accelerators, co-working spaces, and startup hubs, providing entrepreneurs with mentorship, funding, and resources. Additionally, numerous organisations, like StartupAmsterdam and ACE Incubator, play […] Read more ›
28
Berlin-based ecoligo, a company that claims to be leading the clean energy transition around the world, announced that it has raised €11M in an oversubscribed funding round. Existing investors led the round, joined by two new investors: The Energy Entrepreneurs Growth Fund, supporting companies in the energy access ecosystem in Sub-Saharan Africa; and Gaia Energy […] Read more ›
1
Stockholm-based Klarna, a “Buy Now, Pay Later” fintech company, on Tuesday, February 27, announced its AI assistant powered by OpenAI. Within just one month of its global launch, the AI assistant has had 2.3 million conversations, two-thirds of Klarna’s customer service chats, equivalent to the workload of 700 full-time agents. It is worth mentioning here […] Read more ›
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Berlin-based Yendou, a clinical operations automation platform, announced that it has secured $1.3M (approximately €1.20M) in a pre-seed round of funding led by b2venture. The round also saw participation from Heartfelt, Infinite Fund, and pharmaceutical industry angels including Lindus Health co-founder Meri Beckwith. The funds aim to enhance operational efficiency in clinical trials and expedite […] Read more ›
20
Funding has been one of the biggest challenges for European startups and early-stage funding has been a bigger challenge. With more new first-time founders being minted in Europe than in the US, new avenues to raise funding are always welcome. One such funding vehicle is Mastercard’s Strive EU Innovation Fund. The Strive EU Innovation Fund […] Read more ›
8
Amsterdam-based Just Eat Takeaway.com, an online food delivery marketplace, has published its Full Year 2023 report, showcasing significant improvements and strategic achievements that mark a year of substantial growth and profitability. “In 2023, we significantly improved our financial performance in all our segments and generated adjusted EBITDA of €324M compared with €19 million in 2022. […] Read more ›
24
Paris-based Photoroom, an AI photo editor, announced that it has secured $43M (approximately €39.73M) in a Series B round of funding. With this round, Photoroom’s total raised funding comes to $64M (approximately €59.14M). The latest round was led by existing investor Balderton Capital, along with new investor Aglaé, and participation from YCombinator. Cameron Curtis, EVP […] Read more ›
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In a world where innovation breeds opportunity and necessity is the mother of invention, the entrepreneurial spirit thrives. Every day, a new startup takes its first step with uncertainty into the competitive market, filled with the hopes and the potential to redefine industries. Whether it’s a breakthrough in AI, a novel approach to sustainable energy, […] Read more ›
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Warsaw-based Restimo, a startup specialising in automating the restaurant landscape, announced on Tuesday that it has secured €465K in a Seed round of funding. The funding comes from business angels, including Bartosz Majewski, co-founder of Casbeg, and Bartłomiej Kiszala, co-founder of Base CRM. Additionally, a consortium of investors from the Sterling Angels association, led by […] Read more ›
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Amsterdam-based VanMoof, an e-bike manufacturer, announced on Tuesday, that it has created VanMoof Archives, a space to publish step-by-step guides, technical drawings, and repair manuals for its bikes. In August last year, London-based LAVOIE, a premium e-mobility company backed by McLaren Applied, acquired bankrupt VanMoof to create a next-generation e-mobility business, establishing a premium e-mobility […] Read more ›
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Most popular sources
Business Insider
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30% 1 |
Tech Wire Asia
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14% |
Gizmodo
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7% 0 |
CNET
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6% 3 |
The Verge
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5% 1 |
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26.11.2024 13:23
Last update: 13:16 EDT.
News rating updated: 20:12.
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