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Vishal Singh @ Silicon Canals · 12/11/2023 08:06 EDT

UK proptech startup Housr raises €1.7M; looks to expand its team

Manchester-based Housr, a student living startup focused on addressing the housing crisis, has secured £1.5M (30 per cent of the funding) (€1.75M), in a growth funding round to support its expansion plans in the UK and the US.  The startup targets a total funding of £5M to close its current growth funding round. Founded by […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/11/2023 05:42 EDT

London-based regulated digital asset derivatives venue GFO-X raises €27.8M

London-based GFO-X, the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives, has secured $30M (approximately €27.84M) in a Series B round of funding. The funding aims to support GFO-X in its upcoming launch and drive innovation in the regulated digital asset sector. The investment was led by M&G Investments, with […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/11/2023 05:41 EDT

Swedish startup Minut bags €4.6M; extends Series B round to €18.5M

Malmö, Sweden-based Minut, a short-term rental property monitoring company, announced on Friday, December 8, that it has secured a $5M (approximately €4.6M) extension funding for its Series B round from Smedvig Capital.   The latest capital infusion brings the total funding raised in the Series B round to $20M (approximately €18.5M).  With this round, Smedvig joins […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 2 place · 12/11/2023 04:05 EDT

From negotiation marathon to achieving milestone: The A to Z of EU AI Act

After engaging in an extensive 3-day ‘marathon talks’, negotiators from the Council presidency and the European Parliament, on Saturday, December 9, have reached a provisional agreement on the proposal for harmonised rules governing artificial intelligence (AI) — the Artificial Intelligence Act.  The draft regulation aims to ensure the safety and respect for fundamental rights and […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/11/2023 03:45 EDT

Amsterdam drone-tech scaleup Avy wins AFAS Young Business Award 2023

Amsterdam-based Avy, a startup that is on a mission to develop life-saving aircraft, has won the AFAS Young Business Award 2023, securing not only the Crystal award but also the coveted title of ‘Best Young Company in the Netherlands’. CEO Patrique Zaman steered Avy to victory over finalists Naduvi, Reliving, and tex.tracer. Avy’s self-flying drone […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 1 place · 12/08/2023 09:08 EDT

EU AI Act talks resume after the marathon debate stalled: Know more

The European Union’s (EU) AI Act has been a subject of significant interest and debate among policymakers, businesses, and citizens in the past couple of years. The proposed legislation aims to establish a regulatory framework for AI technologies that addresses concerns and ensures ethical and responsible deployment of AI systems. However, talks on the AI […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 12/08/2023 06:33 EDT

UNIIQ invests €350K each in 7 Dutch startups: Meet them here

Hague-based UNIIQ, an investment fund focused on the proof-of-concept phase, has backed seven startups during a ceremony at the LantarenVenster theatre in Rotterdam. UNIIQ claims this is the largest number of simultaneous investments ever made by the firm. The seven startups, each receiving €350K from UNIIQ, collectively secure €2.45M in funding. In a statement translated […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 3 place · 12/08/2023 06:23 EDT

Bunq’s Ali Niknam receives ‘Businessman of the Year’ award: Know more

Ali Niknam, the founder of Amsterdam-based neo bank bunq, has received the prestigious Businessman of the Year award, recognising his contributions to the business world.  The award was presented on the Master Expo fair’s first day by real estate entrepreneur Cor van Zadelhoff, who himself was named Businessman of the Year in 2022.  The annual […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 2 place · 12/08/2023 04:06 EDT

Belgium’s Fortino Capital closes second PE fund at €377M; backs Amsterdam-based SpeakUp

Antwerp, Belgium-based Fortino Capital, a European B2B software venture capital and growth equity firm, on Friday, announced the final closing of its 4th investment fund — Fortino Capital PE II at €377M.  The fund is dedicated to supporting ambitious B2B software founders throughout Europe.  With this fund, Fortino will deploy a minimum €10M initial equity […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 2 place · 12/08/2023 03:33 EDT

Invest-NL and EIF launch Dutch Future Fund II, making nearly €200M capital available for Dutch VCs

Amsterdam-based Invest-NL, a Dutch national financing and development institution, has recently announced Dutch Future Fund II (DFF II) in collaboration with the European Investment Fund (EIF). This new agreement allocates a minimum of €200M in capital to Dutch venture capital funds (VCs), focusing on enhancing the investment climate for Dutch startups and scale-ups in sectors […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/07/2023 08:34 EDT

AI startup Pimento raises €3M to tackle creative challenges faced by creative teams; Know more

Paris-based Pimento, a startup using generative AI to amplify creativity, has secured €3M in seed round funding and recently launched its beta version.  The company plans to use the funds to enhance its interface and develop models specifically designed for the creative process, surpassing the limitations of generic solutions currently in existence. Investors supporting Pimento […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/07/2023 08:00 EDT

Tomorro raises €11M from Resonance, others to help companies speed up contractual processes

Paris-based Tomorro (formerly known as Leeway) is making waves in the contract management market with its collaborative and automated solution for legal and operational teams.  On Thursday, the company announced that it has raised €11M in funding from Resonance, with the participation of Financière Saint James (Lydia, Spendesk), Motier Ventures (Mistral.ai, Alma), and its historic […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 12/07/2023 06:46 EDT

Circularise secures funding and partners with SEKISUI CHEMICAL for chemicals traceability project

Den Haag-based Circularise, a Dutch supply chain transparency software provider that uses blockchain technology to enable circular economy at scale, has closed a Simple Agreement for Future Equity (SAFE) with Japan-based SEKISUI CHEMICAL. Besides the funding, SEKISUI CHEMICAL and Circularise are partnering to collaborate on a joint project for chemicals traceability. The initiative includes introducing […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/07/2023 04:56 EDT

French cybersecurity firm ProvenRun gets €15M from Tikehau Capital, others for IoT security advancements

Paris-based ProvenRun, the cybersecurity software company, on Wednesday, December 6, announced that it has secured €15M in a Series A round of funding. The funding round was led by Tikehau Capital, through its new vintage of Brienne, its flagship private equity cybersecurity strategy.  The French Ministry of Defence’s Definvest fund, managed by Bpifrance, also participated […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/07/2023 04:41 EDT

UK-based Harriet raises €1.3M to revolutionise HR with full-stack AI solution

London-based Harriet, a full-stack AI-powered solution for streamlining internal data and HR tasks, announced that it has secured £1.2M (approximately €1.39M) in a pre-seed round of funding. The investment was led by Concept Ventures and joined by Frontline Ventures, Portfolio Ventures, and Notion Capital. AI-powered people ops assistant Harriet addresses poor data management hindering AI […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/07/2023 04:25 EDT

Cambridge-based Pragmatic Semiconductor gets €189M to revolutionise semiconductor manufacturing: Here’s how

Cambridge-based Pragmatic Semiconductor, a manufacturer of flexible integrated circuits, announced on Wednesday, December 6, that it has completed the first close of its Series D funding round, at £162M (approximately €189M).  The company is planning a limited second close for key investors, of which an additional investment of £20M (approximately €23M) is already allocated.  M&G’s […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 12/07/2023 02:19 EDT

Amsterdam-based Return, a renewable energy project development investor, has closed a €100M growth equity investment for expanding its solar and utility-scale storage pipeline and portfolio. The initiative aims to advance various gigawatts of solar and energy storage capacity development in Europe, through existing portfolios and new investments. Investor supporting Return Hartenlust Group led the round […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/06/2023 07:51 EDT

Netherlands’ ASM to invest €300M for cutting-edge semiconductor facility in Scottsdale, Arizona

Almere, the Netherlands-based ASM specialises in designing and manufacturing equipment and process solutions to produce semiconductor devices for wafer processing. On Tuesday, December 5, the company announced that it is investing €300M over up to five years to design and construct the new state-of-the-art site on more than 20 acres (8.5 hectares) in Scottsdale, Arizona.  […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/06/2023 07:16 EDT

Amsterdam’s Rockstart launches its second AgriFood fund; plans to invest in 50 startups in five years

Amsterdam-based Rockstart, the global early-stage accelerator-VC, announced on Thursday that it has launched its second AgriFood fund. The fund targets a final close at €50M and plans to invest in up to 50 startups within the coming five years.  The fund is backed by The Export and Investment Fund of Denmark (EIFO), De Hoge Dennen, […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 12/06/2023 05:20 EDT

After securing €660K, VivArt-X joins forces with SBMC and Eindhoven University with €1.4M boost for personalised regenerative solutions

Eindhoven-based VivArt-X is a startup that specialises in the development of regenerative materials for women’s health. The Dutch startup will collaborate with the Smart BioMaterials Consortium (SBMC) and Eindhoven University of Technology (TU/e) to expedite the development of a synthetic biomaterial aimed at promoting the formation of healthy breast tissue post-breast surgery.  Consequently, a budget […] Read more ›

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