New School Foods secures $8M CAD Seed Extension with IKEA as a Key Investor

Toronto's New School Foods has raised $8 million CAD ($6 million USD) in a seed extension round to support the launch of its plant-based salmon alternative in the U.S. and Canada. The round was led by Good Startup, with participation from returning investors NewTree Capital and Hatch, as well as new investor Inter IKEA Group. The company also received non-dilutive funding from Protein Industries Canada and angel investors.

Canada

New School Foods secures $8M CAD Seed Extension with IKEA as a Key Investor

Startup Ecosystem

Comprehensive List of 2024 Tech Layoffs: Major Companies Affected

The wave of 2024 tech layoffs in the tech industry shows no signs of slowing down. Following significant workforce reductions in the previous two years, 2024 has already seen 60,000 job cuts across 254 companies, according to data from Layoffs.fyi. Major players like Tesla, Amazon, Google, TikTok, Snap, and Microsoft

United Kingdom

Signol secures €2.96M to reduce Emissions in Shipping and Aviation with behavioral Science

London-based sustainability startup Signol has raised €2.96 million in a seed extension round led by New York-based VC firm TMV. The funding will be used to enhance Signol’s tech-driven service, which leverages behavioral science to reduce emissions in hard-to-abate industries like shipping and aviation.

France

IdentifAI from Italy secures €2.2M to combat AI-Generated Content with “De-Generative” Technology

Milan-based IdentifAI, a startup specializing in detecting AI-generated content, has secured €2.2 million in seed funding. The round was led by United Ventures, with contributions from notable business angels, including Edoardo Alessandri of Wellness Holding, Matteo Fago, co-founder of Venere.com, and Umberto Paolucci of UP Invest.

Netherlands

Seenons acquires Waste Group Denmark to expand European Reach

Amsterdam-based tech startup Seenons has announced the acquisition of Waste Group Denmark, a strategic move to bolster its European operations and solidify its status as a leading waste management platform in Europe. This acquisition follows Seenons’ purchase of Recycling Partners Belgium (RPB) last year.

Netherlands

Coolblue to invest €150M in accelerating German Expansion

Rotterdam-based e-commerce company Coolblue has announced plans to significantly expand its presence in Germany, investing approximately €150 million over the coming years. The company aims to self-finance these growth plans with support from existing shareholders, including HAL, which has acquired a 7.5% stake from CEO Pieter Zwart.

United States

Magic AI from San Francisco secures $320M Investment to advance AI-Driven Code Generation

Magic AI, a startup focused on developing AI models to automate coding and software development tasks, has raised $320 million in a new funding round. The investment was led by former Google CEO Eric Schmidt, along with contributions from Alphabet’s CapitalG, Atlassian, Sequoia, and others. This brings Magic’s total funding

United Kingdom

Tract from London secures Funding to Tackle UK Housing Crisis with AI

Tract, a London-based proptech startup specializing in identifying potential building sites and obtaining planning permissions using AI, has secured an undisclosed amount of funding. The investment round was co-led by Ada Ventures and Concept Ventures. The funds will be used to enhance Tract's technology, enabling the generation of surveys, reports,

Estonia

Sunly from Estonia secures €300M to expand renewable Energy Projects in the Baltics and Poland

Tallinn-based Sunly, a leading renewable energy producer, has secured €300 million in debt financing to advance the development of 1.3 GW of solar, wind, storage, and hybrid parks across the Baltics and Poland. The funding will support Sunly's mission to enhance energy security in the region through sustainable energy projects.

Belgium

Optioryx secures Strategic Investment to enhance Supply Chain Efficiency

Ghent-based Optioryx, a company focused on making supply chains more efficient and sustainable, has secured a strategic investment from Network Venture Partners. Although financial details were not disclosed, this investment marks a significant step in Optioryx's global expansion.

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Germany

New School Foods secures $8M CAD Seed Extension with IKEA as a Key Investor

New School Foods secures $8M CAD Seed Extension with IKEA as a Key Investor

Comprehensive List of 2024 Tech Layoffs: Major Companies Affected

Signol secures €2.96M to reduce Emissions in Shipping and Aviation with behavioral Science

IdentifAI from Italy secures €2.2M to combat AI-Generated Content with “De-Generative” Technology

Seenons acquires Waste Group Denmark to expand European Reach

Coolblue to invest €150M in accelerating German Expansion

Magic AI from San Francisco secures $320M Investment to advance AI-Driven Code Generation

Tract from London secures Funding to Tackle UK Housing Crisis with AI

Sunly from Estonia secures €300M to expand renewable Energy Projects in the Baltics and Poland

Optioryx secures Strategic Investment to enhance Supply Chain Efficiency

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Project Eaden from Germany secures €15M to revolutionize Plant-Based Meats with Fiber-Spinning Technology

Kraaft from Fance secures €13M to expand ‘WhatsApp for Construction’ App across Europe

Moment Energy secures $21.5M CAD to expand EV Battery Repurposing Operations

Sereact from Germany raises €25M to enhance AI-Powered Robotics for Logistics and Manufacturing

Aegis Energy secures €118M to develop Clean Energy Hubs for Commercial Vehicles in the UK

H2SITE secures €36M to tackle Hydrogen Supply Chain Challenges