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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Oxford-based ISH Holding (ISH), has acquired Homerun, an Amsterdam-based recruitment platform. Homerun specialises in Software-as-a-Service (SaaS) Applicant Tracking System (ATS). Homerun’s CEO, Willem van Roosmalen says “Joining the ISH family is an exciting chapter for Homerun. The skills ISH brings to the table will unlock exciting new growth opportunities and accelerate the expansion plans of […] Read more ›
3
Leiden-based Vico Therapeutics, a Dutch genetic medicines company, secured €54M in a Series B funding round to support the development of therapies for severe neurological diseases. The round was led by Ackermans & van Haaren and included participation from existing co-leads Droia Ventures, EQT Life Sciences and Kurma Partners and existing investors Polaris Partners, Pureos […] Read more ›
2
Göteborg-based Volvo Car Corporation, a motor vehicle manufacturer, and the European Investment Bank (EIB) have entered into a €420M financing agreement to support Volvo’s commitment to becoming fully electric and carbon neutral. This move aligns with the European Union’s efforts for a green transition and aims to contribute to the global decarbonisation of road transport, […] Read more ›
2
Geelan, the Netherlands-based Matisse Pharmaceuticals, a clinical-stage company developing a medicinal product for sepsis, announced on Thursday, that it has secured €3.6M in a fresh funding round. The Dutch company received funding from Brightlands Venture Partners, private investment companies, informal investors, and the management team. The funding will allow Matisse to continue its preparation for […] Read more ›
15
Last year saw more than 240,000 roles leaving the industry globally as many tech giants shaved their workforce throughout the year. And while the outlook seems uncertain for 2024 – a recent report revealed that only 20% of European tech companies will hire in the next six months – it’s not all doom and gloom. […] Read more ›
2
Dutch company Nuwa Pen, based in Groningen, has raised €1.5M in a fresh round of funding, with the investment coming from a US consumer goods company. This brings Nuwa Pen’s total seed funding for the previous year to €2.5M. The funds will support the final development phase of the Nuwa Pen, touted as the world’s […] Read more ›
14
California-based Intel Corp and global investment firm DigitalBridge Group announced that it has formed Articul8, an independent company offering enterprise customers a secure generative artificial intelligence (GenAI) platform. DigitalBridge Ventures, the venture arm of DigitalBridge, led the investment in Articul8. Intel and a syndicate of notable venture investors, including Fin Capital, Mindset Ventures, Communitas Capital, […] Read more ›
21
London-based Bumper, a fintech startup enabling flexible payments for car repairs, announced that it has completed the €46M Series B fundraising to accelerate its growth. The €46M Bumper raised in this round comprises €17.25M equity and €28.75M debt. With this round, the company has raised a total funding of €61M, to date. Investors supporting Bumper […] Read more ›
47
Amsterdam-based BUX, a neo-brokerage platform, has recently faced a severe backlash from its token holders. The BUX Token, the platform’s cryptocurrency, has become untradeable since September 2023, leaving holders with worthless coins. As a result, Join BUX Together, a group led by Steven Deurloo, co-owner of ThoroFinance, seeks compensation for the loss and is considering […] Read more ›
9
Vilnius, Lithuania-based MELP (Medical services, Employee benefits, Lifestyle & Longevity, and Protection), a startup specialising in digital employee well-being management, announced on Wednesday that it has secured €635K in an early seed stage round of funding from Coinvest Capital. Additionally, business angels from Lithuania and the UK participated in the round. The startup will use […] Read more ›
5
For entrepreneurs, one of the biggest dilemmas is to choose between building everything themselves or buying technologies that help them in their journey. While building something from scratch is a common wisdom, Bulgarian entrepreneur Mario Peshev does not see the “buy vs build” consideration to be uncommon. A serial entrepreneur and e-commerce developer, Peshev prefers […] Read more ›
9
Helsinki-based RELEX Solutions, a supply chain and retail planning solutions provider has acquired Optimity, a Swedish company specialising in supply chain planning and optimisation. This acquisition enhances the RELEX platform by incorporating daily production planning, optimisation, and scheduling capabilities, strengthening its support for the entire consumer goods value chain. Transforming supply chain planning for companies […] Read more ›
33
London and New York Robin AI, the AI-powered legal copilot, announced on Wednesday that it has secured $26M (approximately € 23.7M) in a Series B round of funding led by Temasek. Other investors, including QuantumLight, Plural, and AFG Partners, participated. The funding will allow Robin AI to expand its team in the US, where 75 […] Read more ›
2
London-based GIN E-Bikes, a company that claims to offer premium e-bikes at affordable prices, announced that it has secured £510K (approximately €588K) in a fresh round of funding from Ukrainian venture capital syndicate Toloka.vc. Toloka.vc is dedicated to fostering innovation and growth in startups. With a diverse portfolio, the firm aims to contribute to the […] Read more ›
1
Groningen-based Cookinglife, a cooking store that offers an extensive range of kitchenware, announced on Monday that it has sold its minority stake to investment company Veams. However, the Dutch company didn’t disclose the exact figures. In a statement to Emerce, Sebastian Bakker, founder of Cooklinglife says, “We want to grow in our range of high-quality […] Read more ›
3
Apollo Therapeutics, a biopharmaceutical company, has concluded its Series C financing with a second close, securing an additional $33.5M (approximately €30.52M) in December 2023. This brings the company’s total funds raised in 2023 to $260M (approximately €236.91M), supporting its mission to translate medical research into innovative medicines. Patient Square Capital led the round, with new […] Read more ›
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Investcorp Technology Partners (ITP), the global technology arm of Investcorp, is set to acquire a majority stake in Germany-based VEDA GmbH, an HR software and payroll-as-a-service provider in the DACH region. VEDA’s CEO, Ralf Graessler, will retain his investment in the company following the acquisition. The transaction is anticipated to conclude in Q1 2024. However, […] Read more ›
3
Veldhoven-based ASML Holding, a manufacturer of chip-making equipment, announced on Monday that the Dutch government has partially revoked an export license for the shipment of some chip-making equipment to China following US export restrictions. “A license for the shipment of NXT:2050i and NXT:2100i lithography systems in 2023 has recently been partially revoked by the Dutch […] Read more ›
2
It is safe to say that quantum technology is a rapidly evolving field that holds the key to revolutionising several fields. According to McKinsey’s high estimate, the quantum technology market is expected to grow up to $106B by 2040, over 3 Quantum Technology domains: Computing, Communication, and Sensing, reports InvestNL. Investment in Quantum Technology has […] Read more ›
8
It feels like we’re always applauding Icelanders for fighting for gender equality – most recently on October 24 when thousands of women participated in an all-day strike for pay parity – but the country has been pipped at the post in new analysis on the percentage of women in STEM roles. Lithuania ranked first in […] Read more ›
2
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Business Insider
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31% 4 |
Wired
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10% 7 |
Tech Wire Asia
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7% 5 |
The Verge
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6% 1 |
Gizmodo
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6% 0 |
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27.11.2024 01:37
Last update: 01:21 EDT.
News rating updated: 08:32.
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