Dutch e-bike manufacturer Stella Fietsen was declared bankrupt on Friday, according to a spokesperson for the Gelderland court. The announcement comes a few days after the company requested a payment suspension. Stella Fietsen currently has about 440 employees in 48 locations in the Netherlands and Belgium. In a statement, Frans van Oss, who has been ... Read more Read more ›
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Stockholm-based Mine Storage’s pilot project in Norberg, Sweden, has been selected for a €22M grant from the EU Innovation Fund. The grant will support the company’s efforts to enhance grid stability and resilience while integrating renewable energy production. This milestone reflects the Innovation Fund’s commitment to advancing low-carbon technologies, funded by the EU Emissions Trading ... Read more Read more ›
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Lisbon and London-based Creative Capital Ventures (CCV), a venture studio, announced on Monday that it has launched a new investment fund to support early-stage tech companies and Intellectual Property (IP) acquisitions. To date, €18M has been raised from institutional and private investors, including Saratoga Capital and Anthill Ventures. The company plans to reach €50M by ... Read more Read more ›
0
Leeuwarden-based HULO.ai, a company on a mission to provide a globally affordable solution to improve water supplies and reduce Non-revenue water (NRW), has won the VDS Startup Competition at the Valencia Digital Summit. This development has drawn interest from global investors and technology experts, marking an important step for HULO.ai in advancing its solutions for ... Read more Read more ›
2
In our fast-paced, tech-driven world, it’s easy to get swept away by the latest innovations and advancements. As a result, it’s easy to miss out on important stories that impact our lives; however, they also deserve our attention as well. In this edition of other news this week, we have briefly compiled a list of ... Read more Read more ›
0
London-based Kraken, an AI-powered, end-to-end platform for utility digitalisation announced that it has acquired Jedlix, a Rotterdam-based provider of smart EV charging solutions. Led by Serge Subiron, Jedlix provides branded smart and bi-directional charging solutions to optimise the charging of electric vehicles. The Dutch company brings an international catalogue of API integration agreements with EV ... Read more Read more ›
15
Amsterdam-based Tur.ai, an AI-driven robotic process automation (RPA) platform, has secured $1.45M (approximately €1.29M) in a seed round of funding, with Presto Tech Horizons contributing $1.2M. Presto Tech Horizons, a newly launched Czech investment fund, has added three startups—Vidar Systems, Bavovna, and Tur.ai—to its portfolio. Additionally, Presto has welcomed Lucie Bresova, a seasoned executive with ... Read more Read more ›
16
Munich-based Rebike Mobility, an online retailer specialising in e-bikes, announced on Thursday that it has raised €13M in a funding round led by Decathlon Pulse, the VC arm of global sports retailer, Decathlon. Sophie O’Kelly de Gallagh, DECATHLON PULSE Circular Economy and Sustainability Investment Director says, “Our alliance with REBIKE represents a beacon of innovation ... Read more Read more ›
3
Dublin-based Equal1, a company specialised in silicon-powered quantum computing technology, on Friday, announced a strategic partnership with TNO, the Netherlands Organisation for Applied Scientific Research. The Collaboration will improve the fabrication of quantum system-on-chip (QSoC) processors. This partnership will utilise TNO’s expertise in nanofabrication and advanced materials along with its state-of-the-art facilities. The focus will ... Read more Read more ›
1
Rome-based Radical Storage, a luggage storage platform, has closed $7M (approximately €6.46M) in Series A round of funding. Milan-based Growth Capital served as the exclusive financial advisor. The funding was co-led by CDP Venture Capital’s Digital Transition fund, Azimut’s ALIcrowd III fund, and Opes Italia Sicaf, an impact investment fund. Finint Investments and existing shareholder ... Read more Read more ›
2
Ghent-based MobilityPlus, a company in the European electric vehicle (EV) charging market, has raised €40M in funding. The investment came from Suma Capital through its Climate Impact Fund III, which invests in energy transition projects in Europe. Existing investor Concentra has also increased its investment. The funds will help MobilityPlus expand its services in Belgium ... Read more Read more ›
31
Munich-based Lilium, the developer of the first all-electric vertical take-off and landing (“eVTOL”) aircraft, announced that is planning to apply for self-administration proceedings in a German court for its main subsidiaries. The announcement comes after the government approval process for a loan from KfW, which failed in the Budget Committee of the German parliament. “Our ... Read more Read more ›
2
General Catalyst, a global investment and transformation company, has closed its largest fund to date, raising approximately $8B (approximately €7.39B) in new capital. The firm will use the funds to enhance investments in early-stage venture capital, company creation, and industry-wide transformation initiatives. Jeannette zu Fürstenberg, MD and head of Europe at General Catalyst, says, “General ... Read more Read more ›
0
Granola, a London-based AI-powered meeting notepad, has raised $20M (approximately €18.52M) in a Series A funding round led by Spark Capital. The round also saw participation from AI Grant, Lightspeed, Betaworks, Firstminute Capital, and others. According to Granola, most AI note-taking tools fall short by trying to replace human involvement with AI bots. The London-based ... Read more Read more ›
0
Vilnius-based Vinted, a second-hand fashion marketplace, has raised €340M in a secondary share sale, bringing its valuation to €5B. Founded in 2008, Vinted became Lithuania’s first unicorn in 2019. The deal was led by global investment firm TPG Tech Adjacencies (TTAD), which focuses on offering flexible capital solutions to the tech sector. Other investment funds, ... Read more Read more ›
0
Rome-based Cyber Guru, a cybersecurity awareness training platform, announced on Thursday that it has secured $25M (approximately €23M) in a Series B funding round led by Riverside Acceleration Capital. Others, including Educapital and existing investors Adara Ventures and P101 Ventures, also participated in the round. The company will utilise the funds to enhance its aggressive ... Read more Read more ›
10
London-based Resurge Growth Partners has launched a €120M “venture equity” vehicle to bridge the gap between venture capital and private equity for high-potential European and Israeli scaleups. The new vehicle will acquire stakes in companies that have outgrown VC and are seeking new growth opportunities. Resurge Growth Partners plans to invest through the vehicle in ... Read more Read more ›
0
Paterna-based Matteco, a Spanish advanced materials company, has secured €15M in a Series A funding round. The investment, supported by national and international family offices such as Grupo ASV (Spain), Napali (Chile), and Zubi (Spain), aims to help the company develop solutions that support decarbonisation and improve renewable hydrogen competitiveness. Capital utilisation Matteco will use ... Read more Read more ›
1
Explore top European tech conferences in Q4 2024! Join forums, expos, and summits to expand your knowledge, build connections, and discover the latest innovations. Read more ›
1
Eberswalde, Germany-based Dryad Networks, a company specialised in ultra-early wildfire detection technology, announced that it has been awarded a €3.8M grant from the European Regional Development Fund (ERDF), through the Investitionsbank des Landes Brandenburg (ILB). In addition to the grant, the German company also secured €2.5M in funding from First Imagine!, a climate-tech investor, bringing ... Read more Read more ›
0
London-based Fresha, a marketplace for beauty, wellness, and self-care services, has made a strategic investment in Yuv, a London-based company specialising in AI-powered hair colour technology. This development follows Fresha’s recently raised $31M (€27.8M) venture debt facility from JP Morgan to expand into new markets and drive growth. To date, Fresha has raised over $185M ... Read more Read more ›
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23.11.2024 18:29
Last update: 18:15 EDT.
News rating updated: 01:21.
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