Amid numerous funding rounds, acquisitions, and innovation announcements, it’s easy to overlook some of the quieter, yet equally important stories that made waves this week.
To help you stay in the loop, we at Silicon Canals have rounded up a list of news that we missed as part of our “In Other News This Week” segment.
Quantexa secures €161M in Series F funding
Based out of London, Quantexa is an AI, data, and analytics software company pioneering Decision Intelligence to empower organisations to make trusted operational decisions with data in context. Using the latest advancements in AI, the company’s Decision Intelligence platform helps organisations uncover hidden risks and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. Recently, the company raised $175M in a Series F investment round, led by Teachers’ Venture Growth (“TVG”). (Read more)
Flowdesk lands €94M funding
Based out of Paris, Flowdesk is a regulated, full-service digital asset trading and technology firm that specialises in market making, OTC, and treasury management services. Recently, the company raised announced the close of its $102M financing round, including further equity support from existing shareholders and HV Capital as well as debt from funds and accounts managed by BlackRock. (Read more)
Renaissance Fusion raises €32M funding
Renaissance Fusion has raised €32M in the first phase of its Series A funding to advance its nuclear fusion reactor and develop high-temperature superconductors (HTS).
The funding was led by the Environmental and Solidarity Revolution Fund, with support from Crédit Mutuel Alliance Fédérale and Lowercarbon Capital. Renaissance Fusion is the first magnetic confinement nuclear fusion company in continental Europe and a pioneer in simplified stellarator reactor design. (Read more)
Steady Energy gets €22M funding
Based out of Helsinki, Steady Energy is a pioneer in small modular reactor (SMR) solutions. Recently, the company secured €22M in funding and will commence constructing a full-scale pilot plant in the second half of this year. The round was led by 92 Ventures, a Copenhagen-based nuclear-focused investment firm. (Read more)
Cloudsmith bags €21M funding
Belfast-based Cloudsmith is a cloud-native, enterprise-ready artifact management platform for securely developing and distributing software. Recently, the company raised $23M in a Series B funding round led by TCV, with participation from Insight Partners and existing investors. The company will use the funds towards expanding sales, marketing, and customer success teams, innovation in software supply chain security product features, and investing in AI R&D. (Read more)
Epoch secures €16M funding
Based out of London, Epoch has a biorecycling platform that promotes circularity for difficult-to-recycle materials. Their AI-designed enzymes allow for infinite recycling of mixed plastics and textiles at low temperatures. The company produces sustainable materials for various industries, including apparel, automotive, and packaging. Recently, the company raised an oversubscribed $18.3M in a Series A round to scale its enzymatic recycling technology. (Read more)
Quantum Industries lands €9.2M funding
Based in Vienna, Quantum Industries specialises in Quantum Key Distribution (QKD) and aims to transform security with scientifically backed cryptographic solutions. Their expert team advances the field of quantum cryptography, offering solutions for governments, critical infrastructure, and the finance sector to enhance safety worldwide. Recently, the company has raised $10M in funding led by Sparring Partners Capital and Findus Venture. (Read more)
Combinder secures $500K capital
Combinder, a community-owned connectivity platform focused on Distributed Energy Resources (DERs), has announced the successful closure of a $500K in a pre-seed funding round, achieving a valuation of $10M. The funding was backed by prominent investors, including 1kx, Outlier Ventures, Moonrock Capital, Dr. Giesen Family Office, MN Capital, and Prospers. (Read more)
75Media secures seven-figure NPIF II investment
75Media is a roadside advertising company growing its network of large billboards across the UK. They work with major brands and also help businesses of all sizes connect with new audiences through outdoor advertising. Recently, the company has secured a seven-figure investment from NPIF II – Mercia Equity Finance to help cement its position as a tech-driven leader in the outdoor advertising industry. (Read more)
PhaseTree raises €3M from Heartcore Capital
Founded in 2021 at the Technical University of Denmark (DTU), PhaseTree uses a unique physics-first and AI-enhanced approach to revolutionize material discovery. By employing advanced simulations and modeling techniques, the company helps researchers and industries quickly find new materials, saving time and money. Recently, the company secured €3M from Heartcore Capital to advance AI-powered simulations for sustainable material discovery. (Read more)
Tresco appoints Evert Bulcke as its new CEO
Antwerp-based Tresco, a developer and provider of navigation software for the professional inland shipping industry, announces the appointment of Evert Bulcke as its new CEO. Evert Bulcke was previously CEO of Rombit, where he repositioned the company as a product-driven business with a strong focus on SaaS. He also led its continued growth through two acquisitions.
MOMENI and Art-Invest Real Estate join forces
MOMENI Ventures from Hamburg and BitStone Capital, associated with Art-Invest Real Estate, are launching Realyze Ventures. This initiative focuses on investing in sustainable real estate and construction technology. The fund will support startups that contribute to sustainable changes in these sectors, drawing on the knowledge of experienced professionals in the German real estate and construction industries. (Read more)
European Commission invests €4.6M
An EU consortium is developing a new photonic sensing platform, called ‘IBAIA,’ to detect hidden threats like petrochemicals and heavy metals in water bodies. The European Commission has invested €4.6M in this project, which combines photonics and electrochemistry for efficient pollutant detection. The IBAIA project aims to help authorities and industries identify pollution early, preventing serious harm to ecosystems and water-dependent sectors.
F1 driver Pierre Gasly backs MISSION in €2.3M funding
MISSION is a natural energy drink and performance tea company disrupting the soft drinks market with its 100 per cent natural, zero-sugar, zero-sweetener energy drinks, and hot and cold brew teas. Recently, the company extended its equity fundraising round to £2M, inclusive of investment from F1 driver Pierre Gasly. (Read more)
Louco Event announces leadership changes
Louco Event Media GmbH has appointed Ayris-Luna Tilki, a young entrepreneur, to oversee marketing following her acquisition of shares in the company. Tilki brings expertise in e-commerce to the team, which was established by twin sisters Evin and Helin Acar. The company plans to launch its innovative platform in the second quarter of 2025, offering exclusive and personalised events. Louco aims to utilize targeted digital strategies and AI technology to solidify its presence in the event media sector.
Nisien.AI secures investment to advance online harm detection
Nisien.AI, an artificial intelligence startup, has successfully obtained investment from the British Business Bank’s £130M Investment Fund for Wales. This funding comes through a collaborative initiative with the Foresight Group and the Development Bank of Wales. The company is at the forefront of developing advanced technologies aimed at identifying and addressing online harms, including instances of online conflict. Their goal is to foster healthy debate and facilitate constructive conversations in digital spaces. (Read more)
Bending Spoons offers scholarships to support women in technology
Bending Spoons is offering scholarships to support women in technology. This year, they will provide €5,000 scholarships to 20 women studying computer science at universities in the EU, the UK, Switzerland, or the Balkan countries outside the EU. This initiative is part of their effort to reduce the gender gap in the tech industry. Bending Spoons also sponsors coding programs, offers software training, and hosts events for women in technology.
British VC Fund Araya closes its first at €21.6M
Rupa Popat, Founder and Managing Partner of Arāya Ventures, has announced that the Arāya Super Angel Fund has reached £18.2M through a second close. This includes a £5M commitment from British Business Investments. The fund will invest in up to 60 pre-seed and seed-stage startups in the UK over the next four years, focusing on Health, FinTech, Commerce, and the Future of Work. (Read more)
QMill announced Peter Sarlin as an angel investor.
Based out of Espoo, QMill is a quantum-computing company dedicated to developing quantum algorithms that provide near-term, practical benefits for industrial applications. Recently, the company alreadt secured a €4M in a seed round and a €1M grant, and this week announced Peter Sarlin, CVP of AMD Silo AI as an angel investor. (Read more)
HelloBetter raises €6M funding
Based out of Berlin, HelloBetter offers ten online therapy programs, addressing both common mental health conditions such as depression, insomnia, and panic disorders, as well as underserved conditions including vaginismus and chronic pain. Six of these programmes have received approval from the German Federal Institute for Drugs and Medical Devices (BfArM) and are fully integrated into Germany’s standard healthcare system. Recently, the company raised over €6M in cash and media-for-equity led by Mutuelles Impact with participation from MMV, HealthCap, Expon and DvH Ventures. (Read more)
SuperGround secures €2.5M
SuperGround is a Finnish company that creates innovative food products from fish and chicken by-products. They recently raised €2.5M in funding. Their technology fully utilizes these by-products to make nutritious products that can be eaten on their own or used in processed foods like fish fingers and patties. (Read more)
Validation Cloud gets €13.8M funding
Based out of Zug, Validation Cloud specializes in high-performance node and staking infrastructure for Web3. The company secured $15M in a funding round led by True Global Ventures. However, the company’s valuation was not disclosed. (Read more)
Galaxis bags $5M funding
Galaxis is a Web3 platform that empowers creators and communities to manage their ecosystems. It facilitates community building and engagement without traditional platform constraints. Users can easily create personalized digital membership cards with unique features for engagement and governance. Galaxis offers a DIY, no-code solution, making Web3 technology accessible to artists, athletes, brands, and researchers. Recently, the company raised a $5M commitment investment from Bolts Capital. (Read more)
IMPT secures €27.6M funding
IMPT, a Dublin-based global application for travel and shopping, has raised $30M to support its ongoing expansion. The company uses AI and machine learning to provide booking services for over four million hotels and more than 20,000 retailers in 195 countries, all while prioritizing sustainability. IMPT’s business model focuses on carbon reduction. Users can offset their carbon footprint with every transaction by supporting reforestation and clean energy projects. The IMPT hotel services are available in both B2B and B2C formats, as well as through its app. (Read more)
Mizuho Bank invests in Altilium Metals
Recently, Mizuho Bank, Ltd. has invested $2.5M in Altilium Metals Ltd., a UK company specialising in lithium-ion battery (LiB) recycling, which also counts Marubeni Corporation as a shareholder. Founded in 2020, Altilium operates a plant that recycles LiBs from electric vehicles into sustainable materials. The company aims to build a large-scale commercial plant in the UK to manage the entire recycling process and create a circular supply chain for rare metals essential for economic security. (Read more)
Beta Bugs bags funding from TRICAPITAL Angels
Based out of Edinburg, Beta Bugs is a biotechnology company that produces enhanced insect strains for the growing insect farming industry. The company secured a £2.1M investment led by TRICAPITAL Angels Limited, alongside Scottish Enterprise and existing investors! Recent investments will help the company expand its Black Soldier Fly genetics and increase production of larvae and eggs for insect farming. (Read more)
Mixergy raises £12M funding
Mixergy creates smart and connected hot water tanks that help households enhance their quality of life and lessen their environmental impact. Mixergy intelligently heats the water for the home, reducing the energy consumption and lowering bills. These same cylinders act as smart energy storage devices, balancing supply and demand by storing cheap energy and using it when needed, like a huge distributed battery for the nation. Recently, they have secured £12M in funding, led by Barclays UK Climate Ventures. (Read more)
DataGalaxy announces YOOI acquisition
DataGalaxy, a provider of data and analytics governance software, has acquired YOOI. YOOI offers a tool that helps organizations manage their data and AI investments. This tool allows companies to choose the best products, monitor their progress, and assess their value over time. It helps organizations optimize their investments, manage risks, ensure compliance, and track their returns more easily. (Read more)
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