Verdane from Norway closes €700M Idun II Fund to drive sustainable Tech and Decarbonization in Europe

Norwegian investment firm Verdane has finalized its Idun II fund at €700 million, more than doubling the size of its predecessor, Idun I, which closed at €300 million. Targeting investments in sustainable, tech-enabled companies, Idun II aims to accelerate Europe’s transition to a low-carbon economy, with a strong emphasis on sectors like energy transition and resource efficiency.

Norway

Verdane from Norway closes €700M Idun II Fund to drive sustainable Tech and Decarbonization in Europe

France

ZE Energy from France secures €54M to expand Hybrid Solar and Battery Projects across Europe

Paris-based ZE Energy, a renewable energy producer specializing in hybrid solar and battery energy storage systems (BESS), has successfully raised €54 million in funding.

Germany

Tomorrow from Germany bags €5M to advance sustainable Banking across Europe

Hamburg-based fintech Tomorrow has raised €5 million in a new funding round led by current investors Abacon Capital, ETF Partners, and Kopa Ventures, along with newcomer IFB Innovationsstarter. As part of this round, several investors converted convertible loans worth tens of millions of euros, reinforcing their commitment to Tomorrow’s growth

Norway

Glint Solar from Norway secures €7.4M to streamline Global Solar Project Development

Oslo-based Glint Solar, a developer of software for solar project planning, has raised €7.4 million in a Series A round led by Smedvig Ventures.

Denmark

Cordulus from Denmark secures €3M to expand AI-Driven Weather Prediction Technology

Aarhus-based Cordulus, specializing in hyperlocal AI-driven weather predictions, has raised €3 million in funding from Danish Agro and the Pajbjerg Foundation.

Netherlands

Province of Noord-Brabant launches €2.8M BOOST Platform to drive Student-Led Innovation

The province of Noord-Brabant has launched BOOST (Brabant Supporting Organisation Student Teams), a €2.8 million initiative aimed at accelerating innovation among students across the region.

United States, Silicon Valley

Perplexity AI secures $500M and Valuation soars to $9B amidst Expansion Push

San Francisco-based AI search startup Perplexity AI has finalized a $500 million funding round led by Institutional Venture Partners (IVP), boosting the company’s valuation to an impressive $9 billion.

China

DeepRoute secures $100M to compete with Tesla’s Self-Driving Tech in China

Shenzhen-based DeepRoute, an autonomous driving startup, has raised $100 million in funding from Great Wall Motor.

Canada

Workorb secures $2.6M to enhance AI-Driven Solutions for Architecture, Engineering and Construction (AEC) Industry

Toronto-based AI startup Workorb has raised $2.6 million CAD in seed funding to advance its automation tools for the architecture, engineering, and construction (AEC) sector.

Canada

Reactiv from Canada raises $7M CAD for AI-Driven Mobile Commerce Platform

Toronto-based Reactiv, an AI-powered mobile commerce platform, has emerged from stealth mode with $7 million CAD in seed funding.

The best Articles in our Network

Silicon Valley, Canada, United States

Verdane from Norway closes €700M Idun II Fund to drive sustainable Tech and Decarbonization in Europe