In other news this week: Quibim raises €48M, Meteomatics bags €21M and Smartify secures funding to engage visitors in museums and more

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With the technology developing at breakneck speed, it’s nearly impossible to keep up with every breakthrough, funding round, or acquisition.

While major headlines dominate our news cycle, many significant developments often slip through the cracks.

In our “In Other News This Week” series, we at Silicon Canals give a concise yet comprehensive look at the stories that we have missed this week.

So, before we jump into next week’s news wave, catch up on the news that was missed this week.

Quibim secures €48M funding

Valencia-based Quibim is a healthtech company pioneering the use of imaging biomarkers for precision medicine. The company leverages the capabilities of MRI, CT, and PET imaging to create regulatory-cleared Medical Devices that are seamlessly integrated into the workflows of healthcare providers worldwide. Recently, the company raised $50M (approx €48M) in a Series A funding round led by Asabys (through its fund Sabadell Asabys II) and Buenavista Equity Partners (through the BHG I fund, created in partnership with Columbus Venture Partners). (Read more)

Meteomatics bags €21M funding

St. Gallen, Switzerland-based Meteomatics is the provider of weather information, offering high-resolution weather models and advanced technologies. The company’s accurate weather and climate data enhance operational processes and improve management of extreme weather events. This week, the company raised $22M (approx €21M) in a Series C funding round, led by Armira Growth, to scale its high-resolution weather technology and expand further into the U.S. market. (Read more)

Oxyle raises €15.4M funding

Based out of Zurich, Oxyle is the world’s first economical, sustainable, and permanent answer to PFAS contamination. Unlike traditional methods that merely filter or concentrate these chemicals, Oxyle’s system destroys PFAS molecules, achieving over 99 per cent elimination rates while consuming at least 15 times less energy than alternative destruction methods. Recently, the company raised a $16M (approx €15.4M) funding round to scale its breakthrough solution to destroy, not just relocate, PFAS from wastewater. The seed round was led by 360 Capital, with participation from Axeleo Capital and returning investors Founderful and SOSV. 

Output Sports secures €4.47M funding

Based out of Dublin, Output Sports provides exercise and rehab practitioners with a portable, and cost-effective solution for collecting and analysing performance data in a weight room and rehabilitation setting.

The all-in-one tool streamlines the testing and tracking of athletes by offering laboratory-grade data collection anytime, anywhere via a wearable sensor. 

Recently, the company raised €4.47 in funding from APEX Capital, Uni.Fund and Dopamine Sports, as well as existing investors Elkstone, Atlantic Bridg,e and Enterprise Ireland.

The financing also features a number of angel investors including Jim Kelliher, former CFO of Drift and LogMeIn. (Read more)

VEMS, Biosphere Solar, JansZon BV, and the City of Amsterdam secures funding

VEMS, Biosphere Solar, JansZon BV, and the City of Amsterdam announced that they have received €655K subsidy from the MIT R&D program to advance circular energy initiatives. It includes the installation of recyclable photovoltaic (PV) panels by Biosphere Solar on a facility provided by the Amsterdam Municipality, with JansZon as our primary partner responsible for the installation. VEMS will leverage its expertise to enhance operational performance through digital optimization, predictive maintenance, and ensure the solar system operates at peak efficiency over the long term. (Read more)

Dutch chip industry handed over their innovation program to Minister Beljaarts of Economic Affairs

Earliier this week, sixty-four companies and knowledge organisations from the Dutch chip industry presented an innovation program to Minister Beljaarts of Economic Affairs, aiming to strengthen the Netherlands’ position in the global semiconductor market. The program targets three key segments: Chip Machine Construction, Chip Design, and Packaging, focusing on sustainability, efficiency, and value creation. It includes initiatives to improve chip and machine design methods to enhance productivity and manage complexity, enabling more work with fewer people. Additionally, the sector is collaborating to reduce material use, particularly harmful substances like PFAS, and to simplify recycling processes. (Read more)

Pleevi secures €1M funding

Pleevi, a spin-off of VITO, has developed AI software that optimises energy use with real-time data and forecasts for more cost-efficient charging sessions. The company does this by planning charging sessions for specific departure times, considering local solar energy production & building load, connection constraints, grid peak penalties, and dynamic energy prices. Recently, the company received €1M to enable 25,000 charging points across Europe by 2027.

Graduate Entrepreneur invests in Magpie

Graduate Entrepreneur is a venture capital fund, founded in 2021 by alumni of TU Delft, Erasmus MC, and Erasmus University Rotterdam.

Graduate Entrepreneur supports founders in scaling their companies, not only by providing financing but also by providing access to an extensive network of more than 170 experienced entrepreneurs and alumni.

This week, the VC fund invested in Magpie, an AI-driven software company that improves quality assurance for customer support departments. They secured €275K which includes participation from Antler. (Read more)

Jochem Bossenbroek steps down as CEO of Verdify

This week, Jochem Bossenbroek, who has served as CEO of Verdify for seven years, announced that he will be stepping down from his position due to health concerns. The transition is set to take place in December, when a new CEO will assume leadership of the company. (Read more)

Beans scoops up €1.4M funding

Based out of Paris, Beans delivers groceries and everyday essentials right to customers’ door, up to 50 per cent cheaper than local supermarkets. Recently, the company raised €1.4M in seed funding alongside Norrsken, Maze Impact, Waterlemon Ventures, FoodTech Founders, and business angels. 

The company plans to use the funds to accelerate its mission — tackle unsold industrial inventory and turn it into revenue instead of waste. (Read more)

Heizma acquires meo ENERGY

Heizma, a renewable energy startup specialising in the heating transition, announced that it has acquired meo ENERGY, an energy management company. With this acquisition, Heizma is expanding its services and stepping into fully integrated energy solutions, joining leaders like Enpal and 1Komma5°! (Read more)

Moove acquires Kovi

Moove, a mobility company, has announced the acquisition of Kovi, an urban mobility provider headquartered in São Paulo. This acquisition aligns with the company’s commitment to advancing mobility and expanding its footprint in the rapidly growing Latin American market. The acquisition increases Moove’s total global fleet to 36,000 vehicles and operations to 19 cities across 6 continents. (Read more)

Variolytics secures growth funding

Based out of Stuttgart, Variolytics specialises in detecting, analysing, and reducing emissions in the wastewater sector. The company’s EmiCo solution provides wastewater treatment facilities with real-time data and actionable recommendations to reduce nitrous oxide levels. Recently, the company announced the closure of its growth financing round led by Nordic Alpha Partners (NAP). (Read more)

Clovis secures €2M funding

Based out of Paris, Clovis specialises in the digitalisation of construction sites and the optimisation of management processes for professionals. Recently, the company has raised €2M from Tomcat, welovefounders and several Business Angels from the construction sector. (Read more)

Kodesage raises €2.3M in pre-seed funding round

Based out of Budapest, Kodesage’s AI-powered platform streamlines modernisation, accelerates employee onboarding, while ensuring compliance and data security for enterprises. Recently, the company has raised €2.3M in pre-seed funding led by PortfoLion Capital Partners, and with participation from prominent angel investors, including former UiPath executives. (Read more)

NjiaPay secures over $1M funding

NjiaPay is a Payments-as-a-Service platform that simplifies payment management for African businesses. This week, the company announced the closing of an oversubscribed $1M in a pre-seed funding round. The round was led by HAVAÍC, with participation from a number of prominent angel investors, including founders of Anyfin, Banxware, and Maxidrive.

Launched as a spin-off from Talk360, the international calling app for the African diaspora, NjiaPay (pronounced “N-Jee-ah” and meaning ‘Route’ and ‘Path’ in Swahili) streamlines payment management for African businesses, addressing both technical and operational challenges.

PARSIQ announces $3M accelerator program launch

Tallinn-based PARSIQ provides a full suite network for building Web3 decentralised apps and protocols. Its APIs provide real-time access to blockchain transaction data in raw or custom format. 

Earlier this week, the company announced the launch of the Reactive Network $3M Developer Fund. The initiative is specifically dedicated to supporting the next generation of decentralised applications (dApps) on the Reactive Network mainnet, which is scheduled for release in the first quarter of this year.

Breakevent raises €876K funding

Based out of Madrid, Breakevent is the first AI-based platform for the music industry that predicts the success of live music events. Recently, the company has raised €876K in a funding round led by Archipelago Next, and accompanied by Startup Wise Guys, WA4STEAM along with renowned business angels such as Miguel Echenique, partner of AltamarCAM. The entity has also achieved public financial backing from Neotec, the Community of Madrid, the Ministry of Culture, and ENISA.

Smartify secures funding to engage visitors in museum

Based out of London, Smartify is a visitor engagement app for museums that allows users to scan artworks, and access detailed information including history, biographies, and audio/video guides. This week, the company raised £1.5M in funding in a round led by Metavallon VC, with participation from Pembroke VCT, and advised by Mountside Ventures.

Atelerix secures funding for its hypothermic preservation technology

Atelerix, a Newcastle University spinout is a hypothermic preservation technology company that’s transforming the way that biosamples essential for drug discovery and pharmaceutical research are stored and transported.

The company’s patented hydrogel encapsulation technology allows for the storage and transport of cells between 4-25 degrees, addressing these challenges head-on. The solution enables cells to maintain over 90 per cent viability for 14 days at room temperature, reducing costs by 50-80 per cent  per shipment.

This week, the company raised £750k, with participation from ACF Investors and biotech specialist investors o2h Ventures,  bringing the year’s total funding to £1.25m. (Read more

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Vigneshwar Ravichandran

Vigneshwar has been a News Reporter at Silicon Canals since 2018. A seasoned technology journalist with almost a decade of experience, he covers the European startup ecosystem, from AI and Web3 to clean energy and health tech. Previously, he was a content producer and consumer product reviewer for leading Indian digital media, including NDTV, GizBot, and FoneArena. He graduated with a Bachelor's degree in Electronics and Instrumentation in Chennai and a Diploma in Broadcasting Journalism in New Delhi.

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