Tech is ever-evolving, and in this fast-paced world, it’s challenging to cover every story.
We strive to bring you the latest updates, but occasionally, some noteworthy news slips through our radar.
And this week (9th to 13th September) was no exception.
However, we want to make sure that you don’t miss out on these noteworthy updates.
Here’s a quick roundup of other significant news we missed this week.
Patrowl bags €11M to help businesses improve Exposure Management
Based out of Paris, Patrowl is an Offensive Security as a Service solution that allows businesses to improve their Exposure Management (EM), to secure their External Exposure aka External Security Posture.
Recently, the company raised €11M in a Series A funding round with the participation of Crédit Mutuel Innovation, SWEN Capital Partners, BPIfrance, and the historical investor Auriga Cyber Ventures.
This capital injection will allow Patrowl to intensify its conquest of the European market and R&D.
Novameat secures €17.4M to create plant-based products
Based out of Barcelona, Novameat is a foodtech company creating plant-based products with a unique fibrous texture.
This week, the company raised €17.4M in an oversubscribed Series A round led by Sofinnova Partners and Forbion via its BioEconomy Fund and follows a reinvestment from Unovis Asset Management, Praesidium, and Rubio Impact Ventures.
The company will use the funds to enhance commercial activities in new regions and support the expansion of the product portfolio, including the launch of the new Shredded Nova-beef on the 16th of September.
The capital will also be used to further scale production capabilities and accelerate research and development efforts.
Formo raises funding to bring sustainable dairy products
Based out of Berlin, Formo is a food biotech company that’s on a mission to bring sustainable, healthy, and equitable dairy products to consumers. The company recently raised $61M (approx €55M) in a Series B funding round to scale the production of its animal-free cheese.
Outward VC announces the first closing of its Fund II
Outward VC is a London-based early-stage venture capital fund on a mission to help Founders break through. Earlier this week, the VC announced the first closing at £51M of its Fund II.
The fund has received a cornerstone investment of £30M from the British Business Bank, which is deploying capital through its enterprise Capital Funds programme, which has a strong track record in backing emerging, UK-based Venture Capital fund managers.
With its first fund, Outward VC will be leading pre-Series A funding rounds of up to £5m, with a significant portion of the fund allocated for follow-on investments.
Hello Inside raises €1.65M to empower women with better metabolic health
Hello Inside provides a CGM (Continuous glucose monitoring)-enabled metabolic health service dedicated to empowering women through better metabolic health.
By tracking and logging lifestyle & health data (Food, Movement, Stress, and Sleep), the platform empowers users to make informed decisions about their health and wellness.
Recently, the platform raised €1.65M in a seed funding round led by HealthTech VC, Verge Fund, and supported by major players like DocMorris, Germany’s leading online pharmacy, and Kapa Ventures.
Existing supporters include Lea-Sophie Cramer (Amorelie), Martin Murray (Waterdrop), and Eric Demuth (Bitpanda) as well as 10xFounders, Simon Capital and Miele Ventures.
CardiaTec secures €5.8M for more precise cardiovascular disease therapy
CardiaTec is a spin-out from the Han Lab at the University of Cambridge, founded in 2021 by Prof Namshik Han and two alumni, Raphael Peralta and Thelma Zablocki. Based out of Cambridge, CardiaTec is a techbio company decoding the biology behind cardiovascular disease.
The company leverages large multi-omics human data to better navigate complex cardiovascular disease biology and identify novel, more targeted therapeutics.
Earlier this week, the company raised $6.5M (approx €5.8M) in seed funding led by Montage Ventures, with participation from other investors, such as Continuum Health Ventures, and existing investors, like Laidlaw Ventures and APEX Ventures.
The new funds will allow CardiaTec to expand its platform and progress proprietary drug targets to the preclinical stage.
Squirro invests in meetsynthia.ai
Squirro, a Swiss-based global SaaS platform for enterprise-ready generative AI, search, and business insights, this week announced its strategic investment in meetsynthia.ai, a US-based pioneer in AI guardrail management systems, which helps companies ensure that AI outputs are accurate, reliable and in line with enterprise-specific requirements.
PAIR Finance expands to Sweden led by a former Klarna executive
PAIR Finance is a fintech for digital debt collection and receivables management. The Berlin-based company announced this week that it is now expanding its operations to Sweden, led by Fredrik Green, a former Klarna executive.
The company does it through its self-learning AI model that adapts communication based on customer data and behavioural science.
Currently, the AI model can utilise around 30,000 different approaches to reach the customer as effectively as possible.
To date, PAIR Finance has helped over 600 companies in seven European countries to receive faster and higher recovery of outstanding receivables without straining the relationship with their customers.
MyWheels appoints new CEO
MyWheels, a car-sharing provider announced that it has appointed Laurens van de Vijver as its new CEO.
With the appointment of Van de Vijver, MyWheels will focus on car sharing as part of the European energy transition with a ‘mobile neighborhood battery’, together with parent company The Sharing Group.
Van de Vijver had an international career at companies, including Heineken, Mars, packaging materials producer Tetra Pak, and clothing brand GANT, before he took office as CEO of hairdressing giant Wave International.
Laundry Total acquired by JLA Group
Laundry Total has been a supplier of laundry equipment in the Netherlands for almost 20 years, serving a wide range of customers. They provide washing machines, tumble dryers, mangles, and folding machines designed for professional and industrial applications.
The company also offers additional services such as the installation of boilers and payment systems, as well as maintenance, troubleshooting, professional detergents, and dosing systems.
Recently, the company has been acquired by JLA Group. For Laundry Total, this acquisition means scaling up and further rolling out their characteristic solution and providing unburdening for companies.
The acquisition by JLA is the first on the European continent and offers the British company a platform to further expand in the Dutch market and possibly to other countries.
Batavia Biosciences announces new CEO and CTO
Batavia Biosciences works to relieve human suffering from infectious diseases, cancer, and rare diseases using technologies.
The company focuses on viral vaccines, and cell, and gene therapies, providing support at all development stages.
With state-of-the-art facilities in Europe and the US, and as part of the CJ CheilJedang global family, the company is building a strong global health position with strategic partners worldwide.
Recently, the company announced that Youngjin Seo will take over the daily Operational Management of Batavia Biosciences as the new CEO, and Chang Kim as the new COO.
However, Menzo Havenga, ex-CEO, and Chris Yallop, ex-COO, will both remain involved as Non-Executive Directors and Ambassadors of Batavia.
Purple Transform secures €5.3M to help businesses with cyber threats
Purple Transform is a UK-based AI data analytics business that helps to identify and prevent incidents such as theft, trespass, and antisocial behaviour on railway lines.
Purple Transform’s SiYtE system aggregates data from CCTV cameras, IoT sensors, and other sources, then uses AI, machine learning, and computer vision to analyse it and provide actionable insights.
This week, the company raised £4.5M (approx €5.3M) in a funding round led by Mercia Ventures via the Midlands Engine Investment Fund II and backed by Sure Valley Ventures.
The funding will enable the company to scale up its activities following a series of contract wins in the rail industry, deploy its technology in other sectors, and expand its operations in the West Midlands.
NanoSyrinx secures funding to develop nanosyringes
Co-founded in 2020 by Dr Healey, Prof. Waterfield, and Dr Hapeshi Nano, Syrinx is a synthetic biology company developing nanosyringes as a novel platform technology for the targeted intracellular delivery of biological molecules.
Earlier this week, the company raised c. £10M in a funding round to advance its technology platform to accelerate the development of biologic therapeutics against a pipeline of previously ‘undruggable’ intracellular targets.
Ogre AI secures €3M to help business with financial and operational decision
Based out of London, Ogre AI is an automated B2B platform that uses machine learning to offer financial and operational decision-making support to energy & utilities companies.
Recently, the company raised €3M in an investment round led by VERBUND X Ventures. Other investors, including Sofia Angels Ventures, Soulmates Ventures, MMC Greater London Fund, and Early Game Ventures, also participated.
This funding will accelerate the company to deliver AI-powered forecasting solutions that optimise energy management, reduce costs, and enhance operational efficiency for our clients.
Beebop.ai raised €4.9M to accelerate energy transition
Antwerp-based Beebop.ai is developing power system middleware to bring significant energy and CO2 savings to end-consumers.
The company’s Power Grid Orchestration Software unlocks the flexibility of consumer devices and turns it into a tradable asset.
By doing so, Beebop saves consumers up to 50% on their energy bills by turning their devices into revenue-generating resources that support and decarbonize the power grid.
Recently, the company raised $5.5M (approx €4.9M) to accelerate the energy transition!
EasyTranslate acquired World Translation
Based out of Copenhagen, EasyTranslate provides B2B translation management software and services, powered by its HumanAI technology.
By combining software, technology, and humans, EasyTranslate provides translations efficiently, cost-effectively, and of high quality.
Recently, the company acquired World Translation, a Language Service Provider (LSP) offering B2B translation services.
The company serves an international customer base, comprising primarily Industrial and Business Services companies.
Twin Science & Robotics bags funding to provide students with STEM education
Twin Science & Robotics is an edtech startup that offers STEM education to students. Recently, the company raised £1.25M in funding led by Soulmates Ventures, with participation from APY Ventures, existing investors, and prominent angel investors.
The company will use the funds to expand its education tools and AI-powered solutions to even more schools worldwide, with a strengthened presence in the U.S. and other key markets.
To date, the company has provided STEM education to more than 1.5M students from 4,000 primary schools in over 40 countries.
Twenty7tec raises funding to streamline mortgage journey
Twenty7tec is a fintech company that provides a platform to streamline the entire mortgage journey — from initial product search and sourcing through to application submission and completion.
This week, the UK company raised £16.5M investment from BGF to further drive significant growth and expansion within the UK.
Over 16,000 mortgage, protection, and wealth advisers use the Twenty7tec platform daily.
Osavul raised €2.78M to develop AI-driven intelligence to combat misinformation
Based out of Kyiv, Osavul has developed an AI-driven intelligence platform for information environment assessment.
The solution is capable of working with data from text, video, and audio formats across various platforms such as websites, social media, etc.
Recently, the company raised €2.78M in a late seed round of funding led by three European investors.
Through the funding, the company will expand its expertise from the public sector to the private sector, applying innovative AI-powered solutions to safeguard brand reputation for businesses.
By analyzing the information environment, and identifying narrative attacks and online threats, it will help protect organizations from reputation damage.
The Royal Academy of Engineering launches Green Future Fellowships
This week, the Royal Academy of Engineering has launched its new Green Future Fellowships.
It will award £150M over the next five years to 50 of the best ideas and scalable technologies essential for reducing greenhouse gas emissions and for adapting to the impacts of climate change.
The Green Future Fellowships will provide innovators, scientists, researchers, and engineers with the funding, capacity, and tailored support to transform their ideas and existing initiatives into scalable, commercially viable, engineering solutions to secure a greener, fairer future.
become. 1 secures €3.3M to develop employee benefits platform
become. 1 is a developer of an employee benefits platform that eliminates the complexity of tax regulations for employees. Through this platform, it aims to provide minimal administrative burden for employers and maximum flexibility for employees.
This week, the company raised €3.3M in a seed funding round from D11Z.Ventures GmbH & Co. KG , Haufe Group, HTGF | High-Tech Gründerfonds & MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg GmbH.
Abolis Biotechnologies bags €35M to help chemical companies and industries
Abolis Biotechnologies supports chemical companies and industries in their transition to a more sustainable production model using micro-organisms to produce biobased equivalent or innovative products.
This week, the company raised €35M in funding to help accelerate expansions into the global market, and R&D efforts to bring biomanufacturing and microbiome soluitions to the market.
The funding round was backed by L’Oréal’s venture capital fund BOLD, DeepTech & Climate Fonds, and Evonik Venture Capital as lead investors, as well as Clay Capital, ICOS Capital, and Liberset.
ePower gets €16M to expand its charging tech
ePower is a company based in Cork that focuses on Electric Vehicle (EV) charging.
They offer installation, maintenance, and management services for domestic, commercial, and public EV chargers across Ireland.
The company is also involved in installing solar panels throughout Ireland. Recently, the company raised €16M from a mix of existing and new investors to expand its operations.
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