In this fast-paced world of technology, startups, and scale-ups, covering every single story can be challenging.
Numerous startups pop up every day! And existing startups/scale-ups find ways to rise to new heights.
We at Silicon Canals strive to provide our audience with the most up-to-date news, uncovering the latest funding rounds, acquisitions, and innovative developments in the tech industry.
This week (from 9 to 13 December) has been eventful across various sectors, including energy and biotech.
So, this week, we’ve rounded up some of the stories that slipped through our radar.
Take a look!
HEMAV secures €8M funding
Based out of Barcelona, HEMAV aims to make agriculture more sustainable through AI technology to help agriculturalists predict harvests, optimise resource use, and grow more food with fewer inputs. The company raised €8M in funding led by Future Food Fund, PureTerra Ventures, and Inclimo. (Read more)
AgriRobot secures undisclosed funding
Lyngby, Denmark-based AgriRobot is an agritech company focused on developing certifiable software for obstacle detection and geofencing in autonomous agricultural robots. Recently, the company announced the first closing of its latest funding round, bringing the total capital to over €2.5M. (Read more)
DeepLife gets funding from YZR, Turenne Groupe, and others
Paris-based DeepLife is a biotech company with a mission to cure disease one cell at a time with Digital Twins of cells. The company develops novel approaches based on state-of-the-art multi-omics data, AI, and systems engineering to identify molecular triggers driving diseased cells back to their healthy state. The company raised $10M in Series A funding led by YZR and Turenne Groupe and joined by Beiersdorf, Groupe Prunay, and the existing investors. (Read more)
Ecosystem Restoration Standard secures €5M
Paris-based ERS (Ecosystem Restoration Standard) is a global certification standard specialised in nature-based carbon projects. The company uses technology to assess and monitor projects efficiently and thoroughly. ERS secured €5M in a new funding round led by AENU and noa, to expand its certification capacity and support a growing pipeline of nature-based restoration projects. (Read more)
Embotech secures €25.7M funding
Embotech is a provider of cutting-edge autonomous driving solutions for logistics, focusing on Automated Vehicle Marshalling (AVM) in passenger car factories and Autonomous Terminal Tractors (ATT) at port terminals and logistic centers. The company received $27M in Series B funding led by Emerald Technology Ventures and Yttrium, with additional funds from BMW i Ventures, Nabtesco Technology Ventures, Sustainable Forward Capital Fund, RKK VC, and existing investors. (Read more)
Bpacks completes €1M deal
Based out of London, Bpacks is a developer of the first bark packaging technology that integrates easily into existing production streams, replacing plastic materials. The company has secured a €1M deal at the pre-seed stage with investors.
Refute bags £2.3M funding
Refute, the London-based company fighting disinformation on behalf of commercial organisations, detecting and responding to campaigns at the speed of the attackers. The company raised £2.3M in a pre-seed round led by Playfair and Episode 1, with participation from Notion Capital and Amadeus Capital Partners. Refute also received angel investment from experienced tech investors Charlie Songhurst, Carlos Espinal, James Chappell, and Alastair Paterson. (Read more)
Embeddable bags €6M from OpenOcean and others
Embeddable enables developers and product teams to create tailored in-app analytics experiences. Its toolkit features interactive dashboards, real-time data visualisation, and a no-code dashboard builder, ensuring fast performance and personalised insights. The company secured a €6M seed funding round led by OpenOcean, with participation from existing investors: Four Rivers and TechStars, as well as the investors behind MySQL, MariaDB, New Relic, and Docker. (Read more)
Mynt secures €22M from Incore Invest
Mynt is an all-digital platform offering innovative spend management solutions that help businesses streamline financial operations. By automating expense management, the platform provides real-time visibility and control over expenditures, reducing inefficiencies. The company raised €22M in funding led by Vor Capital, with support from existing investors like CNI and Incore. (Read more)
Uplift360 secures €1M in a pre-seed funding round
Based out of Luxembourg, Uplift360 develops sustainable chemical recycling technologies for advanced industrial materials. The company’s patented and proprietary processes reclaim high-quality fibres from waste, preserving their integrity while significantly reducing energy consumption. Recently, the company has raised €1M in a pre-seed funding round led by Promus Ventures, with participation from Twin Track. (Read more)
Saventic Health secures funding to identify common rare diseases
Saventic Health has created AI algorithms that diagnosed over 200 people with rare diseases last year. The company works with pharmaceutical companies and clinics around the world. Recently, it secured $2.1M in funding to expand into Europe, South America, and Canada. So far, Saventic Health has developed 50 algorithms to identify common rare diseases and is collaborating with 11 of the 30 largest pharmaceutical companies. (Read more)
ARTEM secures €1.5M in Seed funding
ARTEM is a company focused on tracking greenhouse gas (GHG) emissions across cross-border supply chains. This helps producers, exporters, and importers meet carbon tax requirements and participate in emissions trading schemes worldwide, especially those that affect borders, like the Carbon Border Adjustment Mechanism (CBAM). Recently, the company secured €1.5M in seed funding to develop its comprehensive software and hardware platform further to help EU companies and non-EU producers ensure CBAM compliance and enable the transition to net-zero manufacturing. (Read more)
Happybase bags €650k to help employees with personal and professional growth
Utrecht-based Happybase helps employees take charge of their personal and professional growth. The platform’s unique methodology, grounded in positive psychology and design thinking, fosters meaningful conversations about growth while providing organisations with actionable insights to retain and nurture talent effectively. The company raised €650,000 from FiveStones Group, alongside a group of business angels and incoming CCO Jan Ewoud ten Brink.
SNIPR Biome receives €20M from EIB
SNIPR Biome is a Danish biotech company developing precision medicines using CRISPR (clustered regularly interspaced short palindromic repeats) technology for microbial gene therapy. The company is applying CRISPR-Cas technology to improve the treatment and prevention of diseases by targeting bacteria or modifying genes. Recently, SNIPR Biome secured up to €20M in venture debt from the European Investment Bank (EIB) to help combat antimicrobial resistance. (Read more)
Dealfront secures €30M from AshGrove Capital
Dealfront is a B2B SaaS provider offering advanced sales intelligence and go-to-market solutions. Its data-driven platform helps businesses streamline prospecting and workflows to drive revenue growth for international enterprise clients. The company received €30M from AshGrove Capital to accelerate growth in its core regions of DACH and the Nordics as well as support further geographic expansion and opportunistic strategic acquisitions. (Read more)
Vetnio secures €1M from YZR Capital and Peak
Vetnio uses AI-driven voice technology to transcribe vet-client conversations in real time, automate reports, and save up to 9 hours of admin work weekly. Recently, the company raised €1M in a pre-deed round co-led by YZR Capital and Peak. (Read more)
Partful raises £5M funding to help manufacturers with aftersale
Partful, a company that provides aftersales tech for manufacturers, has raised £5 to automate its 3D aftersales software. The funding, led by Northern Gritstone and supported by Par Equity and Blumberg Capital, will help Partful grow in the $640 billion aftermarket industry. The platform offers interactive 3D models that show product components, making it easier for customers and OEM dealers to find and order parts and access installation instructions. (Read more)
Bitstack secures €5M funding
Paris-based fintech startup Bitstack enables users to save and invest in Bitcoin by rounding up everyday purchases to the nearest euro and investing the spare change. The platform allows for instant Bitcoin transactions starting at €1. The company secured €5M in funding to expand its team and enhance its features. (Read more)
Uptale secures €9M funding
Uptale is redefining digital training by creating experiential and realistic learning experiences through its no-code platform powered by virtual reality and artificial intelligence. Recently, the company raised €9M in funding from We Positive Invest 2, Arkéa Capital’s impact fund, Go Capital, and several business angels. Uptale’s solution is already in use in France, Asia, and the United States, with two-thirds of CAC 40 companies onboard. (Read more)
ARC Intelligence raises €1M in pre-seed funding
ARC Intelligence, a startup based in Berlin, offers AI-driven data platforms for small and medium-sized businesses (SMEs). The platform simplifies data management, covering everything from collection and cleaning to real-time analysis, helping SMEs make informed decisions. The company recently raised €1M in Pre-Seed funding from 468 Capital and IBB Ventures. (Read more)
Lyfegen bags funding for its rebate management software
Lyfegen is an independent provider of rebate management software designed for the healthcare industry. The company’s solutions are used by health insurances, governments, hospital payers, and pharmaceutical companies to dramatically reduce the administrative burden of managing complex drug pricing agreements and to optimise rebates and get better value from those agreements. Recently, the company raised CHF 5M in a Series A funding round led by TX Ventures. (Read more)
Themis secures funding to combat financial crime
Themis is a digital financial crime platform that leverages AI technology to help businesses automate and streamline their due diligence on clients, suppliers, 3rd parties, and investments. The company raised over £7.25M in its Scale-Up funding round. (Read more)
wefox to sell its insurance arm
Based out of Berlin, wefox is an insurtech platform that connects insurance companies, brokers, businesses, and customers to provide easy access to digital insurance solutions. It aims to improve the insurance experience by offering a platform that supports the entire insurance ecosystem. The platform helps insurance companies launch new products across different distribution channels. Recently, the company reached an agreement with a group of Swiss companies led by the independent Swiss pension service provider BERAG on the sale of Liechtenstein-based wefox Insurance AG. (Read more)
ION-X secures €13M funding
ION-X specialises in space propulsion and a spin-off from CNRS and the startup studio Technofounders, secured €13M in funding to launch the industrialisation of its ion thruster for small satellites and accelerate its development in France and internationally. The company aims to produce 200 ion thrusters per year by 2028 at its future production facility in the Île-de-France region. (Read more)
BeePlanet Factory secures €5M funding
Based out of Orkoien, Spain, BeePlanet Factory specialises in energy storage using electric vehicle batteries. The company has closed a round of €5M to strengthen its growth, diversification and internationalisation strategy. (Read more)
Nscale secures $155M funding
Nscale is a company that provides powerful computing solutions specifically for artificial intelligence. Through its fully vertically integrated suite of AI services and compute – across its 60MW renewable energy-powered data centre in Norway and a pipeline of over 1.3GW of greenfield data centres across Europe and North America – Nscale enables customers to run efficient and scalable AI training, fine-tuning, and inferencing workloads. Recently, the company raised $155M in Series A funding to accelerate expansion across Europe and North America. (Read more)
goodcarbon secures €1M funding
Berlin-based goodcarbon is a creative platform for Nature-based Solutions (NbS). It helps businesses build carbon credit portfolios with proven results in forestry, agriculture, and nature projects in emerging markets. Through its unique science-based insights and careful evaluation, goodcarbon sets a high standard for carbon credit quality. Recently, Hivos-Triodos Fonds has invested €1M in funding. (Read more)
Main Capital Partners acquires Dutch talent management player TMA
Main Capital Partners announces that it has acquired TMA, a provider of talent management software solutions. This marks Main’s sixth platform investment in the HR-Tech software industry in North-Western Europe, one of the core focus markets of Main Capital. TMA’s integrated talent management platform enables customers to manage their talents through assessments and employee development in the pre-and post-hiring phase. (Read more)
Dcycle secures €6M to help businesses become more sustainable
Based out of Madrid, Dcycle helps businesses become more sustainable with the All-In-One environmental intelligence tool. Recently, the company raised €6M in funding to establish itself as a leader in ESG sector. (Read more)
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