Tag: funding
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Stegra bags €1.4bn rescue funding package for giant European green-steel plant
Swedish green-tech startup Stegra has secured €1.4bn in rescue funding from a consortium led by the prominent Swedish Wallenberg family, as it looks to finish construction of the world’s largest green-steel plant. The funding follows months of negotiations between Stegra and its investors and lenders asthe Swedish startup looked to raise additional funding to support read more
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Peak Quantum reaches €5M in total funding for quantum chips
Peak Quantum, a Munich-based quantum computing startup, has raised €2.2 million in pre-seed funding to advance its superconducting quantum processor technology and establish a European pilot manufacturing line. The round was led by Cloudberry Ventures, with participation from United Founders, QAI Ventures, Golden Egg Check, and several business angels with industry experience. Including public support, read more
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Fine art logistics company Convelio secures Series C funding
Convelio, a technology-enabled fine art logistics and storage company, has secured a Series C investment to expand its AI-powered logistics and collections management services for the global art and antiques market. The round was led by a prominent French entrepreneurial dynasty with strong ties to the international art sector, with participation from existing investors Forestay, read more
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Covalo lands €3.5M funding extension to advance personal care data platform
Covalo, a Switzerland-based platform for ingredient discovery and data management in the personal care industry, has raised €3.5 million in a funding extension. The round was led by Hi Inov, with participation from existing investors HTGF and seed+speed Ventures. The company addresses challenges in managing ingredient data, which is often fragmented across multiple systems, formats, read more
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Enkei secures pre-seed funding to develop circular design materials
Stockholm-based Enkei, a company developing circular materials for architecture and interior design, has closed a pre-seed funding round at a €3 million valuation. The round includes investors such as architect Anders Lendager, Christina Åqvist, Ulf Mattsson, and Fabian Månsson, alongside RadCap. It also brings in materials expertise from Thomas Granfeldt and Daniel Strömberg. Founded by read more
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TerraSpark advances space-based solar power with €5M funding
TerraSpark, a developer of space-based solar energy systems, has raised over €5 million in a pre-seed financing round. Investors include Daphni, better ventures, the Hans(wo)men Group, and a group of strategic business angels. TerraSpark is developing a long-term approach to energy generation based on space-based solar power, aiming to provide continuous energy independent of weather read more
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European Parliament Members Call on EU to Strip Funding from Venice Biennale Amid Russian Pavilion Controversy
As controversy mounts over Russia’s plans to mount its first Venice Biennale pavilion since the nation’s invasion of Ukraine in 2022, 37 members of the European Parliament signed a letter that calls for the European Union to cease all funding to the Biennale. The EU has not publicly stated how much money it gives to read more
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Team Scaleup launches to close Europe’s post-Seed funding gap
Today sees the launch of a new venture targeting Europe’s scaleup gap. Europe is losing too many of its most promising companies in the critical growth phase after seed funding; only one in four ever graduates to a Series A round. In response,Team Scaleup, a newly launched platform, is building a bespoke accelerator that tailors read more
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Newly secures $2M+ in funding to advance native app creation platform
Stockholm-based Newly (formerly Natively), a mobile app development company,has raised over $2 million to date in funding to accelerate its growth and broaden access to native app development. The round was led by PSV Tech, with participation from Karaoke Club, Wave Ventures, Inception Fund, Foundry Ventures, Tiny Supercomputing Investment Company, and a group of prominent read more
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Ventech leads Bounti’s €4M funding to apply AI in the physical economy
Berlin-based Bounti has raised €4 million in a funding round led by Ventech, with participation from IBB Ventures, Robin Capital, Common Magic, and several business angels. While much of the technology has been deployed in knowledge-based work, sectors such as hospitality, retail, and services continue to face challenges, including labour shortages, high staff turnover, and read more
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Webel closes €4.3M funding round for its home services platform
Spanish startup Webel, a digital marketplace for home services, has closed a €4.3 million pre-Series A funding round to support its growth, strengthen its technology, and expand its presence across the European market. The round was led by existing investor Trind Ventures, with participation from Decelera Ventures, Tiburon, and other investors. Mantas Mikuckas, co-founder and read more
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EIC Scaling Club companies double peer funding growth with 66% increase
A recent report reveals that in the past 14-20 months, EIC Scaling Club members have achieved an average funding growth of 66.66 per cent. That is more than double the control group, which saw just 26 per cent growth in the same time period, according to the EIC Scaling Club Impact Report. Supporting Europe’s most read more
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EU Says It Could Pull Funding to Venice Biennale Over Russian Pavilion
The European Union said it could pull funding to the Venice Biennale if the show goes through with hosting Russia, adding to mounting furor over plans by the country to show at the world’s most important art exhibition for the first time since its 2022 invasion of Ukraine. Henna Virkkunen and Glenn Micallef, respectively the read more
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ILS secures seed funding to expand ProVision legal workflow platform
Intelligent Legal Solutions (ILS), a global legal technology company building automation software for investment fund lawyers, has secured a seed funding round led by Chicago Ventures, bringing its total funding to more than $3 million. Founded in 2024, ILS was established to address the largely manual nature of post-close fund workflows, an area that has read more
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Where Did the IMLS’s Funding for Museums and Libraries Go? Into Trump’s ‘Freedom Truck’ Road Show, It Seems
Have you always wished that you could visit a museum devoted to U.S. history, like maybe the one at the Smithsonian Institution in Washington, D.C., but wished that rather than a brick-and-mortar museum in the nation’s capital, it could be on a tractor trailer in, say, Ft. Campbell, Kentucky, or Slippery Rock, Pennsylvania? Well, the read more
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Belgian logistics startup Vectrix raises €1.15M seed funding
Antwerp-based Vectrix, an order entry platform for the logistics sector, has raised €1.15 million in a seed funding round led by RDY Ventures to expand into European markets, starting with Belgium’s neighbouring countries. Logistics companies handle large volumes of transport requests each day, with administrative teams often manually entering order details into transport management systems. read more
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BioInnovation Institute backs five startups with €1.3M in follow-on funding
BioInnovation Institute (BII), an initiative of the Novo Nordisk Foundation, has awarded an additional €1.3 million in follow-on funding to five portfolio startups,bringing total support per company to up to €1.8 million. The funding is intended to support product development, operational scaling and progress toward market deployment across healthtech, agritech, climatetech and deeptech. The announcement read more
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Carmen Reviriego on Spain’s cultural funding future
Carmen Reviriego talks less like the head of cultural foundation than someone building an engine. On a warm evening in Madrid, at the Royal Academy of Fine Arts of San Fernando, she moved through the International Patronage Awards with calm efficiency, greeting patrons (like ARTnews Top 200 collector Batia Ofer, this year’s winner of the read more
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Noxon secures seed funding for muscle-computer tech
Munich-based medtech company Noxon has closed its seed funding round, led by High-Tech Gründerfonds (HTGF) and Bayern Kapital, with participation from Auxxo and another institutional investor. The size of the round was not disclosed. In rehabilitation and the treatment of neuromuscular disorders, muscle diagnostics and activation are typically performed intermittently in clinical settings. As read more
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Clee Medical secures seed funding to advance real-time brain imaging for neurosurgery
Clee Medical, a Swiss neurotechnology startup developing ultra-high-resolution real-time imaging for brain surgery, has closed its seed financing round. The round was led by High-Tech Gründerfonds (HTGF), with participation from Zürcher Kantonalbank (ZKB), Kickfund, FONGIT, and Venture Kick, alongside continued support from existing partner Wyss Geneva. Many neurosurgical procedures require navigating delicate brain structures with read more
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