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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Are you passionate about deep tech? Eager to be part of a dynamic and visionary gathering? Well, here is an event just for you! The Global Summit 2024 is just around the corner, and it is the place to be for all deep tech enthusiasts in Europe. Scheduled on March 21 – 22 in Paris, […] Read more ›
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Rotterdam-based Anywhere365, a SaaS Enterprise Dialogue Management software provider, announced that it has acquired Amsterdam’s Deepdesk BV, an AI Assistant technology provider. Deepdesk’s AIx solution enhances customer experience using proprietary and generative AI models. According to Anywhere365, this move strengthens its market position by integrating Deepdesk’s Intelligent AI Assistant technology. Enrico Karsten, CEO of Anywhere365, […] Read more ›
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Google.org, on Monday, announced an investment of €25M to support AI training and skill development in Europe. With a particular focus on reaching vulnerable and underserved communities, this initiative aims to ensure that everyone can benefit from the potential of artificial intelligence. “Working in partnership with governments and local communities, we’ll provide a range of […] Read more ›
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Oxford-based Velocys, a sustainable aviation fuel technology company, announced on Tuesday, February 6, that it has begun a new chapter following the completion of its “take-private transaction” on 18 January 2024. As part of the transaction, a new consortium of growth investors, including Carbon Direct Capital, Lightrock, GenZero, and Kibo Investments, has invested in Velocys […] Read more ›
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Lausanne-based MeduSoil, a specialised manufacturer of sustainable materials, announced that it secured CHF 5.2M (approximately €5.51M) in a post-seed round of funding to fuel expansion in production and sales. The funds will also help the Swiss company to focus on expanding in Switzerland and Europe. The investor! MeduSoil secures support from existing investors in this […] Read more ›
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Eindhoven-based LionVolt, a startup company specialising in solid-state lithium-ion batteries, announced on Friday, February 9, that it has secured €15M in equity investment over the past few months. However, the names of the investors who participated in the round were not disclosed. The Dutch company will use the funds to accelerate its growth and aims […] Read more ›
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Amsterdam-based Avantium, a company specialising in sustainable chemistry technologies, has raised €70M through a capital increase, comprising a €50.5M fully underwritten rights offering and a €19.5M institutional upsize offering. Tom van Aken, CEO of Avantium, says, “We are very pleased with this successful €70M capital raise, exceeding the €50M equity capital that Avantium was initially […] Read more ›
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London-based Navro (previously Paytrix), a fintech firm that simplifies global payments for international businesses, announced on Friday that it has gained authorisation as an Electronic Money Institution (EMI) from the Central Bank of Ireland. In addition to the Irish licence, the London-based company recently secured an EMI licence from the UK’s regulator, the FCA. Now, […] Read more ›
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Kirkland, US-based Monolithic Power Systems, a fabless company, announced that it has acquired Axign, a Dutch fabless semiconductor startup. The acquisition means that FORWARD.one, a shareholder of Axign since 2021, has sold its stake. As part of the acquisition, MPS will keep the Dutch team. The office in Enschede will become their “Center of Excellence” […] Read more ›
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Limburg, the Netherlands-based FineField, a company specialising in manufacturing blueberry harvesting tools, machines, and equipment, recently announced the addition of Fall Creek Inc. as a new strategic investor. Currently, Fall Creek’s role in FineField is that of a minority investor, offering support and expertise while not directly involved in the Dutch company’s daily operations or […] Read more ›
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London-based RegTech company docStribute announced on Wednesday, February 7, that it has secured £820K (approximately €960k) in a pre-Series A funding round from financial service angels. To date, the company has raised over £1.7M (approximately €1.9M in funding. The UK company will use the funds to advance its mission of transforming customer communication in financial […] Read more ›
27
Amsterdam-based Fairphone, the ethical smartphone maker, appoints Reinier Hendriks as the new Chief Executive Officer (CEO). Hendriks’ leadership aims to accelerate growth while advancing the Dutch company’s mission of fostering fairer electronics globally. Fairphone’s current CFO and Interim CEO, Noud Tillemans, has decided to depart the company to explore new challenges. In June 2023, Fairphone’s […] Read more ›
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Stockholm-based Myrspoven, a provider of innovative solutions for energy optimisation in buildings using AI, announced that it has secured €5.4M in a fresh round of funding. The investment was led by investors including 4impact capital, Vantaa Energy and AMAVI Capital. Ali Najafbagy, General Partner and co-founder at 4impact Capital says, “Myrspoven is the leader in […] Read more ›
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Stockholm-based Xensam, a technology provider of AI-powered Software Assessment Management, announced that it has raised $40M (approximately €37.13M) in a growth round of funding. The previously bootstrapped company Xensam plans to allocate the capital towards AI product development and expanding its operations in the United States and Europe. Gustav Fösker, co-founder and CTO of Xensam, […] Read more ›
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Amsterdam-based Orient Growth Ventures, an investment firm, announced on Thursday that it has announced the closing of its second fundraising for its second fund — Orient Growth Fund II, at $90M (approximately €83.7M). Orient Growth Fund II is backed by existing and new Limited Partners (LPs), including European high-net-worth individuals, (tech) entrepreneurs, and family offices […] Read more ›
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Amsterdam-based Adyen, a fintech unicorn, announced on Thursday that it has published its shareholder letter and financial statements for H2 2023. Despite the challenging dynamics and shifting customer priorities, Adyen managed to navigate the turbulence and achieve remarkable growth. Having said that, let’s explore the key financial highlights, the expansion of their global team, and […] Read more ›
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It’s official, Europeans love to shop. Ecommerce is booming across the continent, with the most recent data from Ecommerce Europe and EuroCommerce finding that European B2C e-commerce increased from €849bn in 2021 to €899bn in 2022. Inflation and economic uncertainty played a part in the slower growth of the block’s ecommerce rates in 2021 and […] Read more ›
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Shared scooters have become a common sight on the streets of Amsterdam, offering residents and visitors a convenient and eco-friendly mode of transportation. Having said that, the number of shared scooters and cargo bikes in the streets of Amsterdam is set to increase significantly. 1,200 shared scooters throughout Amsterdam With permits set to take effect […] Read more ›
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Stockholm-born MANTLE, a company developing clean and clinical skincare, announced that it has raised £2.4M (approximately €2.81M) in a fresh round of funding. The total funding for the company now stands at £6.9M (approximately €8M). The investment was led by London-based venture capital firm Venrex. Tom Fleming, Founder and Partner at Venrex, says, “We are […] Read more ›
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Karlsruhe, Germany-based Daedalus, a technology company building the world’s most advanced factories using AI, announced on Thursday that it has secured $21M (approximately €19.4M) in a Series A round of funding. The funding round was led by NGP Capital, with further participation from its existing investors, including Addition and Khosla Ventures. The German company will […] Read more ›
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26.11.2024 17:35
Last update: 17:30 EDT.
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