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Silicon Canals
Vishal Singh @ Silicon Canals · 02/20/2024 06:15 EDT

Finland’s Desentum bags €12M to boost allergy vaccine development

Espoo-based Desentum, a biopharmaceutical company, announced that it has raised €12M in a fresh funding round to continue the clinical development of the birch pollen allergy vaccine. The company’s lead product candidate, birch pollen hypoallergen DM-101PX, is currently being evaluated in a clinical study in Canada. DM-101PX is a potential medicine for treating birch pollen […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 02/20/2024 05:26 EDT

Oslo’s Looping secures €2M from Norselab, others; eyes Europe expansion 

Oslo-based Looping, a company specialised in reusable transport packaging, announced that it has secured NOK 23M (approximately €2M)  in a fresh funding round led by Norselab with participation from MP Pensjon, Marius Maske AS, as well as existing shareholders. Out of the total, Norselab contributed around NOK 8M (approximately €707K) in the round.  With the […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 02/20/2024 05:18 EDT

Dutch startup Tiny Library bags €1.4M from ROM InWest, Rabobank, others

Weesp, the Netherlands-based Tiny Library, a rental platform for baby and children’s equipment, announced that it has secured €1.4M in funding from impact investors ROM InWest, Rabobank, and Rabo Foundation. Existing investors, including Stichting ifund and Shamrock Ventures, also participated in the funding round. The Dutch company will use the funds to scale up the […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 02/20/2024 03:45 EDT

Amsterdam’s Sparqle secures €1.2M to drive emission-free last mile delivery

Amsterdam-based Sparqle, a sustainable delivery platform that believes last-mile delivery can be made more sustainable, has secured €1.2M in a fresh round of funding. Ruurd Tjeerdema, co-founder of Sparqle, mentions in a LinkedIn post, “This funding round confirms the trust in our team and vision of industry experts from Just Eat Takeaway, Deliveroo and Bloomon.” […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 02/20/2024 02:19 EDT

Berlin-based promiseQ raises seed funding for its AI-based CCTV false alarm reduction technology

Berlin-based promiseQ, a SaaS startup developing an AI-based technology to reduce CCTV false alarms, announced that it has secured fresh funding in its seed round. The funding amount remains undisclosed. After securing a pre-seed round in 2022, promiseQ claims to have achieved another milestone with a seven-figure investment from existing business angels, including Valentin Schmitt […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 02/19/2024 08:15 EDT

After being acquired by Banking Circle Group, Amsterdam’s Biller rebrands to NOTYD

Amsterdam-based Biller, a buy-now-pay-later startup for B2B payments, announced on Monday that it has rebranded itself as NOTYD.  NOTYD (pronounced “noted”) refers to an invoice that is “noted” as a deferred payment via an online payment button.  “The change of brand name contributes to a renewed focus in which increasing accessibility for users and creating […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 02/19/2024 07:11 EDT

Amsterdam’s SpendLab secures funds to elevate its AI-driven accounts payable auditing platform

Amsterdam-based SpendLab, an AI-driven accounts payable auditing platform, has announced a partnership with New York’s Story Capital through a strategic majority investment. This collaboration will help SpendLab propel its efforts to revolutionise accounts payable management for global enterprises and the public sector using its “market-leading” technology solutions. Capital utilisation Story Capital’s strategic investment, known for […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 02/19/2024 06:29 EDT

Spanish startup WIVI Vision gets €4M to expand its gamified AI visual assessment and training solution

Madrid-based WIVI Vision, a health tech startup, announced on Monday that it has raised €4M in a mix of equity and debt in a Series A round of funding led by Adara Ventures.  Other investors, including Hearstlab, Avançsa, Caixabank DayOne, BBVA Spark, Banco Santander, as well as current partners such as Peak Thomas (Pedro Tortosa) […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 02/19/2024 04:55 EDT

German startup Flower Labs secures €18.5M to train AI on distributed data; here’s how

Hamburg-based Flower Labs secures $20M (approximately €18.56M) in a Series A round of funding to boost the widespread adoption of federated and decentralised AI. The company’s approach challenges traditional GPU-centric methods, offering flexibility with training data and reduced dependence on GPUs. With open-source communities for distributed AI training, Flower Labs aims to align with upcoming […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals 3 place · 02/19/2024 04:55 EDT

After securing payment institution licence, Mollie launches Mollie Capital in the UK: Know more

Amsterdam-based Mollie, a payment service provider, announced on Monday that it has launched Mollie Capital to provide UK merchants with fast and flexible financing.  The announcement comes three months after obtaining a payment institution licence from the UK’s Financial Conduct Authority in November 2023, after initially launching in the UK in early 2021 under the […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 02/19/2024 03:38 EDT

Lithuanian startup Walk15 raises €1M to help organisations address lack of physical activity among employees

Vilnius-based Walk15, a sustainable mobility startup, announced on Thursday, February 15, that it has secured €1M in a fresh funding round, marking the second investment within three months.   Coinvest Capital, a venture capital fund, led the investment alongside the “8NGLS” syndicate, comprising 32 angels spearheaded by Justinas Pašys, CEO of “PVcase.” The Lithuanian company will […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 02/19/2024 03:38 EDT

France-based Agriloops raises €13M to launch its aquaponics farm, Mangrove #1

Rennes-based Agriloops, a sustainable aquaculture company, announced that it has secured €13M in funding along with debt and grants. A crowdfunding campaign on the Sowefund platform contributed to the completion of the funding round. This funding empowers the company to commence the construction of its flagship commercial demonstrator, Mangrove #1.  Spanning over 1 hectare in […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals 1 place · 02/16/2024 08:58 EDT

Munich-based Silencio Network gets €928K to combat noise pollution through blockchain technology: Know more

Munich-based Silencio Network, a startup developing a network of decentralized sensors combating noise pollution, announced on Friday that it has secured $1M (approximately €928K) in a pre-seed round of funding led by Borderless Capital.  Other investors, including Moonrock Capital, Master Ventures, and others, participated in the funding round.  Silencio will use the capital to accelerate […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals 1 place · 02/16/2024 07:42 EDT

5 things you need to know about OpenAI’s latest text-to-video tool ‘Sora’

OpenAI, the developer of ChatGPT, has silently unveiled Sora, a text-to-video model. Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions.  OpenAI stated that Sora is still undergoing red-teaming to ensure it doesn’t generate inappropriate or harmful content. Additionally, the company has […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 02/16/2024 07:10 EDT

Luxembourg’s Full Speed Ventures launches €50M fund to back early-stage tech companies

Luxembourg-based Full Speed Ventures, an investment management company that claims to support bold tech entrepreneurs, announced the launch of its second, €50M technology fund, via a LinkedIn post. The firm says, “With this second fund, we target early-stage companies with initial revenues, ready to conquer their sectors. If you’re seeking investors who are deeply involved […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals 3 place · 02/16/2024 06:58 EDT

Delft-based AgriData Innovations closes investment round to help growers and breeders with crop management: Here’s how

Delft-based AgriData Innovations, a developer of AI-powered crop monitoring technology for greenhouses, announced on Thursday, February 15 that it has secured undisclosed funding from its existing investors.  With this new investment, the Dutch company plans to scale up operations, accelerate market expansion, and further develop its camera systems and computer vision software.  “This investment fuels […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 02/16/2024 05:03 EDT

UK-based Signal AI fortifies reputation and risk intelligence capabilities with Social 360 acquisition

London-based Signal AI, a company that aims to revolutionise reputation and risk intelligence, announced that it has acquired Social 360.  Founded in 2013 by David Benigson, Social 360 is a London-based company that specialises in reputation and risk management-focused online monitoring and analysis. The company caters to clients in the US, EMEA, and APAC, delivering […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 02/16/2024 03:43 EDT

Rotterdam-based SaaS firm Ciloo secures first funding to help organisations manage internal e-commerce: Here’s how

Rotterdam-based Ciloo, a B2B SaaS company, announced on Thursday that it has secured its first funding led by Alliance VC. However, the company didn’t disclose the exact funding figures.   The Dutch/Norwegian company will use the funds to fuel its mission to transform internal eCommerce for global enterprises. “Securing funding marks a significant milestone for Ciloo. […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 02/16/2024 03:00 EDT

Italian EV charging startup Daze charges ahead with €15M: Know more

Italy-based Daze, a provider of EV charging solutions, announced that it has raised €15M in a Series A round of funding to fuel its business expansion and accelerate the energy transition. In addition to the €15M raised, Daze plans to foster engagement with its existing supporters through an equity crowdfunding campaign. This campaign, hosted on […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 02/15/2024 08:31 EDT

Dutch microalgae producer Phycom secures €1.75M from ROM Utrecht Region, others

Veenendaal, the Netherlands-based Phycom, a microalgae ingredient producer, announced on Thursday that it has secured €1.75M in a fresh funding round from ROM Utrecht Region, along with a private investor. The announcement comes five months after raising €9M from Corbion, Phase2.earth, Invest-NL, and Invest International last September. With the latest funding, Phycom has raised a […] Read more

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26.11.2024 19:36
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