Silicon Canals

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Week's most reacted
05.05.2025 − 11.05.2025
Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 05/08/2025 05:21 EDT

London-based Doubleword (formerly TitanML), a self-hosted inference platform for enterprises, has secured $12M (approximately €10.6M) in a Series A funding round led by Dawn Capital.  Dawn is Europe’s leading specialist B2B software investor, with assets under management of over $2B.  Dawn is primarily an early-stage investor, backing companies from Series A and B, and continuing ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/15/2025 06:15 EDT

London’s AI video platform Synthesia gets investment from Adobe, hits $100M in yearly revenue

London-based Synthesia, an AI video platform for enterprises, has announced a strategic investment from Adobe Ventures. The company also reported surpassing $100M (nearly €88.20M) in annual recurring revenue (ARR). With this funding, Synthesia elevates as the UK’s largest generative AI company by revenue and strengthens its position as one of the few European companies with ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 04/15/2025 06:09 EDT

London-based Marshmallow, an insurtech unicorn, has raised $90M (approximately €79M) combination of equity and debt) in a funding round at a $2B (approximately €1.7B) valuation. The funding round was led by Portage Capital, with participation from BlackRock, and Columbia Lake Partners (CLP). The latest round brings the total funding received to around $220M (approximately €193M) ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/15/2025 05:37 EDT

Warsaw-based BidFinance, a fintech startup and creator of an auction platform for trading debt portfolios, has secured €1.6M in funding. The round was backed by venture capital funds 4growth VC, FundingBox, and a group of business angels.  The funds will allow BidFinance to expand its presence in the Polish market and grow its operations internationally, ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 04/15/2025 04:39 EDT

Amsterdam’s beSirius gets €3M to bring AI-driven sustainability to metal and mining industry

Amsterdam-based beSirius, a company specialised in sustainability management tools, has secured €3M in an oversubscribed seed round led by NAP. Other investors, including Fund F, Techstars, WEPA Ventures, Blackwood, and Golden Egg Check, participated in the round. The Dutch company will use the funds to improve its role in supply chains, audit networks, and financial ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/15/2025 03:02 EDT

Paris-based venture capital firm AXA Venture Partners has completed a management buyout from AXA and rebranded as Atlantic Vantage Point (AVP). Founded in 2016, the VC firm will now operate as an independent private investment company. AVP plans to maintain its collaboration with AXA and continue its existing partnerships. AVP has introduced a new brand ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 04/15/2025 02:19 EDT

Amsterdam-based Recharge, a company specialised in prepaid payments, has acquired Giftcloud Limited from Groupon, Inc, to accelerate its expansion into the fast-growing B2B rewards space. Based out of the UK, Giftcloud is a digital rewards platform helping businesses engage, acquire, and retain customers through branded prepaid incentives. The platform offers branded digital campaigns that boost ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 04/14/2025 09:20 EDT

UK startup equiwatt raises €810K to expand its clean energy rewards platform

equiwatt is a UK-based company that offers an energy management app that rewards consumers for turning off appliances during peak times. The company has secured an additional £700K (approximately €810K) in funding from the North East Venture Fund, which is backed by the European Regional Development Fund and managed by Mercia Ventures, along with contributions ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/14/2025 09:14 EDT

UK’s BKN301 Group closes €21.5M Series B round to scale its Banking-as-a-Service platform globally

London-based BKN301 Group, a fintech company focused on Banking-as-a-Service, has completed a €21.5M capital raise in its Series B funding round from both existing and new investors. New investors include CDP Venture Capital SGR (via the Digital Transition Fund), Azimut Libera Impresa SGR (through the Azimut Digitech Fund advised by FNDX), SIMEST (through the F.394/81 ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 04/14/2025 07:15 EDT

Prague-based Macromo, a company that provides AI-driven health insights and consultations, has secured funding from TCF Capital, established by Czech unicorn Rohlík founder Tomáš Čupr. As a part of the funding, TCF Capital has acquired a majority share of the voting rights in Macromo. Macromo is focused on bringing together health data for its users. ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/14/2025 06:34 EDT

Greece-based European Dynamics, an information technologies service provider and software developer, has secured a minority investment. The deal is expected to be completed by summer 2025. Terms of the transaction were not disclosed. The investment was led by French private investment platform CAPZA through its Flex Equity Mid-Market 2 fund. US-based Abry Partners also participated ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 04/14/2025 05:44 EDT

In Q1 2025, approximately €429M was invested in Dutch startups. Based on estimates of unpublished amounts, the total amount is around €460M, according to the Quarterly Startup Report. This means that the total remains virtually the same for the fourth quarter in a row – an indication of stagnation in the market, adds the report. ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals · 04/14/2025 04:20 EDT

TBAuctions, a European multi-brand digital auction platform, announced that it is now selling off the assets in the bankruptcy estate of Northvolt Ett Expansion. The announcement comes a few days after Sweden-based Scania, announced the acquisition of the Industrial Division of Northvolt Systems. Largest bankruptcy auctions in Europe Through exclusive bidding procedures and digital tours, ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 04/14/2025 03:04 EDT

EIB and ABN AMRO unlock €1.2B in new financing to boost Dutch businesses and climate projects

The European Investment Bank Group, a European Union bank, and ABN AMRO, a Dutch bank headquartered in Amsterdam, have signed a synthetic securitisation agreement that will enable €1.2B in new lending for businesses in the Netherlands. ABN AMRO has entered a risk-sharing agreement with the EIB Group, which comprises the European Investment Bank (EIB) and ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 04/12/2025 06:24 EDT

In other news this week: Job&Talent raises €92M at €1.3B valuation, Sekoia.io gets €26M funding, Visa invests in Mynt, and more

Every day, we come across multiple news that hit the headlines in terms of funding, breakthroughs, or acquisition. This week, from April 7th to 11th, has been no exception. Consequently, it’s easy to miss out on important news stories that can impact our world.  As we near the end of the week, it’s always a ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 2 place · 04/11/2025 10:38 EDT

Typically, hackers search for the weakest points in an organisation’s armour, often focusing on blind spots like forgotten subdomains.  Many Apex domains can have multiple subdomains that are poorly maintained or left unnoticed, making them prime targets for cyberattacks. “These subdomains frequently run outdated software, increasing the risk of exploitation. Attackers actively scan for such ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 04/11/2025 08:33 EDT

Munich-based Solix DePIN, a German developer of decentralised physical infrastructure networks, has raised $29.5M (nearly €25.99M) in funding from the Eclip Foundation. Eclip Foundation manages over $124M (nearly €109.29M) in assets and supports more than 25 projects focused on decentralised digital infrastructure. The firm’s investments cover areas such as Web3 infrastructure, decentralised protocols, network infrastructure, ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 04/11/2025 07:10 EDT

Swedish company Scania acquires Northvolt Systems’ Industrial Division

Sweden-based Scania, an automotive company, announced the acquisition of the Industrial Division of Northvolt Systems. The acquisition includes production capabilities, a research and development centre, and a team of approximately 260 employees. Northvolt Systems Industrial Division develops and manufactures battery systems for heavy industry and off-highway market segments. The acquired business will work alongside Scania Power ... Read more Read more ›

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Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 1 place · 04/11/2025 05:23 EDT

Amsterdam’s Invest-NL takes priority stake in Fox Crypto following NCC Group divestment: Know more

Amsterdam-based Invest-NL, a national financing and development institution, announced that it has acquired a priority stake in Fox Crypto at the request of the Dutch Ministries of Defence, Economic Affairs, and the Interior. The transaction announcement comes after NCC Group’s divestment of the cryptographic arm Fox Crypto to Stockholm-based CR Group Nordic AB. Rinke Zonneveld, ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/11/2025 04:59 EDT

Aachen-based Clinomic, a German company providing acute and intensive care medicine, has closed a €23M Series B funding round. The round was co-led by DeepTech & Climate Fonds (DTCF) and a private family office. The company plans to use the funds to expand internationally, improve its AI and data capabilities, and increase its focus on ... Read more Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 04/11/2025 04:09 EDT

Netherlands-based BlueHeart Energy, a company developing Thermo Acoustic heat pump for the residential market, has received a strategic investment from Copeland, a US-based climate solutions provider. The European Innovation Council Fund also joined as a strategic investor. The funding details, however, remain undisclosed. To support the Paris Agreement’s goal of reaching net-zero carbon emissions by ... Read more Read more ›

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14.05.2025 16:53
Last update: 16:46 EDT.
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