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Silicon Canals
Vishal Singh @ Silicon Canals 2 place · 12/19/2023 02:50 EDT

German LiDAR startup Blickfeld raises €7.5M: Know more

Munich-based Blickfeld, a LiDAR solutions manufacturer, announced that it has secured €7.5M in an initial growth round of funding. The investment, led by private equity firm New Future Capital and UVC Partners, includes participation from existing investors such as Bayern Kapital, Continental, Fluxunit (ams OSRAM Ventures), High-Tech Gründerfonds, and Tengelmann Ventures. Andreas Unseld, General Partner […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/18/2023 06:48 EDT

IBM to acquire Software AG’s enterprise technology platforms for €2.13B: Know more

International Business Machines Corp. (IBM) to acquire StreamSets and webMethods, the Super iPaaS (integration platform-as-a-service) enterprise technology platforms from Software AG, a company majority-owned by Silver Lake. The deal, expected to be completed in the second quarter of 2024, is valued at €2.13B cash. IBM mentions in a statement that, StreamSets and webMethods complement its […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 3 place · 12/18/2023 05:35 EDT

Dublin and Munich-based LUMA Vision raises €20M to advance cardiac imaging technology

Dublin and Munich-based LUMA Vision, a developer of a novel four-dimensional (4D) cardiac imaging and navigation platform, announced on Monday that it has secured $22M (approximately €20M) in a Series A3 funding round led by existing investors EQT Lifesciences, ABV Uni Fund, and imec.xpand.  The latest round also added three new investors comprising an undisclosed […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 1 place · 12/18/2023 03:46 EDT

Event of the Month: 6 solid reasons why you should attend the Startups World conference in Jan 2024 

Are you a startup CEO or an aspiring entrepreneur looking for an event that can take your venture to the next level?  Meet Startups World – an international conference that focuses on gathering fast-growing companies that will change the world. The event is an opportunity to connect with leaders, gain insights, and forge partnerships with […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 12/18/2023 02:54 EDT

Norway’s BRUDELI raises €1.3M to put the first Powerhybrid truck on the road; here’s how

Norway-based BRUDELI, an electric transmission technology firm, has raised NOK 15.3M (approximately €1.34M) in a fresh round of funding. The funds will help the Norwegian company to support the launch of its inaugural Powerhybrid heavy-duty vehicle and advance efforts to develop the hybrid commercial vehicles market. Investors supporting BRUDELI The round was led by Hexagon […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 1 place · 12/15/2023 08:42 EDT

Amsterdam’s Hivello bags €913K to democratise Decentralised Physical Infrastructure Networks

Amsterdam-based Hivello, a startup specialised in decentralised physical infrastructure networks (DePIN), announced on Thursday, December 14 that it has closed $1M (approximately €913K) funding in a pre-seed investment round.  The funding round was backed by NGC, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT.com Exchange, Genesis Block, and NxGen.  The company […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 1 place · 12/15/2023 07:43 EDT

Vienna-based HYDROGRID bags €7.7M to help hydropower plants digitise and run effectively

Vienna-based HYDROGRID, a SaaS scale-up, announced on Friday that it has secured $8.5M (approximately €7.7M) in a Series A round of funding led by new shareholders Inven Capital and Karma Ventures with contributions from existing investors CNB Capital and SET Ventures. This investment will help the Austrian scale-up expand into new markets and transition to […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 12/15/2023 06:04 EDT

Amsterdam-based sustainable lingerie brand Soft Revolt bags €1M; Know more

Amsterdam-based Soft Revolt, a lingerie brand, has secured over €1M in a fresh round of funding, partly through an investment from the Borski Fund. The funds will help enhance the sustainability of the brand’s bras, expand the team, and provide more women with comfort and support. Funding overview The Borski Fund, dedicated to supporting female […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/15/2023 05:40 EDT

Dutch startup Pieter Pot has officially declared bankruptcy, following the Rotterdam court’s decision on Thursday, December 14. The announcement came after the court declined to grant Pieter Pot an additional week for an alternative rescue and financing plan, leaving Jouri Schoemaker (founder) in the dark about the precise reasons behind the decision.  “We had to […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/15/2023 04:59 EDT

Amsterdam’s Nedscaper appoints Menno van der Marel as Chief Strategy Officer and secures €2.2M in funding

Amsterdam-based Nedscaper, a company that claims to be a leader in modern security operations, announced that Menno van der Marel, founder of Fox IT, has joined the cybersecurity scale-up as Chief Strategy Officer. Additionally, Van der Marel is injecting €2.2M in investment to fuel the company’s continued growth.  Leveraging his expertise, Van der Marel aims […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 2 place · 12/15/2023 02:40 EDT

German climate-tech unicorn 1KOMMA5° looks to secure up to €100M in financing; these 3 banks will provide €52.5M

Hamburg-based 1KOMMA5°, an energy solutions provider focused on solar power, energy storage, and e-mobility solutions, announced on Wednesday, December 13 that it has secured debt capital from BNP Paribas, Deutsche Bank, and LBBW. As an initial step, the three banks will provide a total of €52.5M. However, the German company plans to expand this financing […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/15/2023 02:33 EDT

Partech launches new €360M venture fund to invest across these 4 themes; backs Italy’s Smartpricing

Paris-based Partech, a global technology venture capital firm, has launched a new €360M fund called Partech Venture to support mission-critical software, data, and fintech experts in Europe.  The fund continues the focus of its predecessor, Partech International Ventures VII, by investing in companies driving digital transformation for both Enterprises and SMBs.  Partech has also revealed […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/14/2023 08:50 EDT

Estonian startup Arbonics secures €5.5M to scale its forest-carbon removal platform

Tallinn-based Arbonics, a climate tech startup, announced on Friday that it has secured €5.5M in a Seed round of funding from NordicNinja, Plural, and Tilia Impact Ventures. The latest funding round takes the total raised by the Estonian company to €7.3M.  The latest investment will allow Arbonics to expand its product portfolio, grow its team, […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/14/2023 08:20 EDT

Qogita exits stealth mode with €80M funding; aims to be the Amazon of wholesale procurement

London-based Qogita, a platform simplifying wholesale procurement like Amazon, has emerged from stealth and secured €80M in a Series B round of funding. The startup claims to be a one-stop shop for streamlining product procurement without the necessity of negotiating with suppliers or managing complex supply chain processes. This funding will support Qogita’s product development […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/14/2023 07:54 EDT

Amsterdam-based sustainable femcare startup Yoni raises €2.3M from ROM InWest, Rabobank, others

Amsterdam-based Yoni, a femcare brand that specialises in the production of organic cotton tampons, liners, and pads, announced on Wednesday, December 12 that it has secured €2.3M from ROM InWest, Rabobank, Invest International, and existing angel investors. The latest capital infusion will enable the company to accelerate its international expansion and brand-building in the coming […] Read more ›

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Silicon Canals
Guest Contributor @ Silicon Canals · 12/14/2023 07:08 EDT

These four European cities offer tech workers the best quality of life

The European tech industry is booming. From hyper-growth start-ups like GitLab, to profitable fintech like TransferWise, to IPO successes like Spotify, you’ll find innovation spanning all areas of technology.  And despite inflation, government spending, and massive tech layoffs, European tech hubs are still growing. Money is still being pumped into tech cities all across the […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/14/2023 06:04 EDT

Amsterdam’s consumer research startup Tellet raises €400K to drive democratisation of insights

Amsterdam-based Tellet, a startup that provides insights through AI-powered interviews and analysis, has secured €400K in a pre-seed round of funding.  The startup reports that this funding is a key step in its mission to democratise consumer research through artificial intelligence. Angel investors with sector expertise, such as Peter Kaas (Ommm Ventures), Harald Lamberts (Essense), […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/14/2023 05:08 EDT

German metal trading platform METYCLE raises €4.7M from Partech, Dutch Founders Fund, others

Cologne, Germany-based METYCLE, a marketplace for international secondary metal trade, announced on Thursday that it has secured $5M (approximately €4.7M) in a Seed round of funding. The latest funding round was led by Project A with the participation of Partech and existing investors like Market One Capital and the Dutch Founders Fund (DFF). Many renowned […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/14/2023 04:49 EDT

Amsterdam’s AI-based academic language service Writefull acquired by London’s Digital Science

London-based Digital Science, a company that claims to be advancing the research ecosystem, announced that it has acquired Amsterdam’s Writefull, which assists users globally with scholarly writing. Writefull’s AI language models are trained on billions of sentences from millions of journal articles, offering assistance in academic writing, paraphrasing, copy editing, and revisions. The platform is […] Read more ›

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