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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Former Tesla engineer Thoralf Gutierrez has partnered with CERN alumni and carbon capture scientists to launch Sirona Technologies. The Brussels-based startup aims to raise $1M (approximately €917K) to address the goal of removing CO2 from the air, targeting challenging emissions. Inspired by Tesla’s practices, Sirona emphasises rapid product iteration and intense mission focus, aiming to […] Read more ›
2
Barcelona-based ID Finance, a company that claims to be a leading fintech in Spain and Mexico, announced that it has secured €12M in funding through a strategic deal with an undisclosed European bank. ID Finance’s deal with a listed bank is a first-of-its-kind agreement. “Pioneering fintech innovation” Founded in 2012 by ex-bankers Boris Batin and […] Read more ›
30
London-based Doccla, a provider of virtual hospital technology, announced on Tuesday that it has closed €5M from Bertelsmann Investments, the global venture capital arm of Bertelsmann Corporation. The funding (received as a convertible loan) will be deployed for Doccla’s European expansion, focusing on Germany, which Doccla views as a priority market during the next phase […] Read more ›
2
Lyon, France-based RED Horticulture, a company specialised in LED solutions for greenhouse operations and research centres, announced on Tuesday that it has closed €17M in a Series A round of funding. The round was led by the European Circular Bioeconomy Fund (ECBF), Demeter IM, and Unigrains. Part of the financing comes from a banking pool […] Read more ›
1
London-based TRIVER, a fintech startup that provides small businesses with instant capital, announced that it has secured a further £20M (approximately €22.90M) in funding from Luxembourg’s Avellinia Capital. Christoph Pfundstein, Partner at Avellinia Capital says, “We are proud to support TRIVER in its journey to become a significant funding provider to UK SMEs. TRIVER has […] Read more ›
1
England-based Advanced Electric Machines (AEM), a company that designs and manufactures next-gen sustainable electric motors and powertrain systems, announced that it has secured £23M (approximately €26.3M) in a Series A round of funding. The funding round was led by Legal & General Capital and Barclays Sustainable Impact Capital, with significant additional investment from Par Equity. […] Read more ›
2
London-based Magic ID, a platform facilitating trust between businesses and individuals without prior acquaintance, has secured €350K in a pre-seed round of funding. The investment was led by SFC Capital and Presto Ventures. The round saw €175K investment from SFC Capital, €120K from Presto Ventures and €55K from undisclosed angels. Milan Lupac, Partner at Presto […] Read more ›
0
Gothenburg, Sweden-based Texray, a company specialised in radiation protection textiles, announced on Tuesday that it has secured SEK 45M (approximately €3.9M) in a funding round led by Industrifonden and supported by private investors at Impilo. Petra Apell, CEO of Texray, says, “We are thrilled by the immense support we have received from investors who would […] Read more ›
0
Manchester-based SeeChange Technologies, an AI platform for the world’s retail ecosystem, has secured £8M (approximately €9.14M) in a Series A round of funding. The investment was led by TriplePoint, with participation from new investors including Runa Capital and True Capital. Original investor Crane Venture Partners also invested in this round. Krishna Visvanathan, General Partner at […] Read more ›
12
Leiden-based RespiQ, a health tech startup, announced on Monday, November 20, that it has been awarded a €4M grant from the European Innovation Council (EIC). The grant is part of the EIC Pathfinder Challenge, “Towards the healthcare continuum,” designed to support innovative technologies that facilitate the transition from episodic to continuous patient care across Europe. […] Read more ›
2
Bordeaux, France-based Newheat, a renewable heat supplier, announced that it has secured €30M led by SWEN Capital Partners via its SWIFT 2 (SWEN Impact Fund for Transition 2) strategy. The company’s long-term partners, including Noria, Bpifrance, via its France Investissement Energie Environnement (FIEE) sector fund, the Etchart group, and the Holdheat holding company, also participated […] Read more ›
0
Rotterdam-based RanMarine Technology, a company specialises in industrial autonomous surface vessels (ASV’s), on Friday, November 17, announced its plan to go public through IPO on the Nasdaq Stock Exchange. The IPO of RanMarine will be conducted on the Nasdaq Stock Exchange and is being managed by WallachBeth Capital. Based out of Amsterdam, Clear, one of […] Read more ›
2
Sam Altman, the former CEO of OpenAI, who was fired last week, November 17, will join Microsoft to lead a new team focused on artificial intelligence. Greg Brockman, president and co-founder of OpenAI, who quit the company, is joining the Redmond tech giant. Satya Nadella, Chairman and CEO of Microsoft Corporation, made this announcement on […] Read more ›
3
Helsinki-based Papukaya, a mobile games studio backed by Supercell, has announced that it is shutting down. The startup aimed to redefine mobile gaming for a diverse audience beyond traditional gamers. Drussila Hollanda, CEO & co-founder of Papukaya mentions in a LinkedIn post, “I have a tough announcement to make: Papukaya is closing down.” Founded in […] Read more ›
2
Netherlands-based venture capital firm TIIN Capital announced that it has completed the first closing of its fifth Tech Fund, the European Cyber Tech Fund V, with a targeted size of €100M. Positioned to invest in European cybersecurity scale-ups, the Dutch VC firm aims to foster international growth and expansion of European cybersecurity enterprises. The firm’s […] Read more ›
2
“As a student, I didn’t have the opportunity to do any kind of study-related work on the side,” says Micky Chen, co-founder of Minite. While working at restaurants, Chen says she wished for an opportunity to practically apply her university learnings and better prepare for her future career. It is not uncommon to find students […] Read more ›
7
Eindhoven-based VivArt-X, a startup that aims to improve women’s lives after breast-conserving surgery, has secured €660K in a pre-seed round of funding to advance the development of its biodegradable biomaterial for regenerating human tissue. The proof-of-concept focuses on improving the survival rate of transplanted fat cells in breast cancer patients, particularly those who undergo lumpectomy […] Read more ›
5
California-based OpenAI, a developer of ChatGPT, announced on Friday that it has fired Sam Altman from the board of directors as a part of the management reshuffle. The announcement comes after the board deliberated the review process, which concluded “that he was not consistently candid in his communications with the board, hindering its ability to […] Read more ›
2
Amsterdam-based Joanna Invests, a women-led investment firm for female founders, has announced the official launch of its package deal aimed at investing €5M in female founders. The company wants to make investing in startups easy and accessible to a wide group of women through lower ticket sizes than normally required. This move aligns with Joanna […] Read more ›
9
Stockholm-based Northvolt, a lithium-ion battery manufacturer, announced on Thursday, November 16, that it has raised $150M (approximately €138M) funding from CDPQ (Caisse de dépôt et placement du Québec), a Canadian global investment group. The funding, in the form of convertible debt in the parent company located in Sweden, will contribute to the fund the Northvolt […] Read more ›
0
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The Verge
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8% 1 |
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27.11.2024 11:44
Last update: 11:35 EDT.
News rating updated: 18:33.
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