Equinox Ocean Turbines from the Netherlands secures €2.4M for Ocean Current Energy Development

Equinox Ocean Turbines, a Netherlands-based company dedicated to harnessing ocean current energy, has closed its seed funding round, securing €2.4 million. This funding round was led by EIT InnoEnergy and included contributions from Damen Maritime Ventures, NOM, FOM, Init Power, and two private investors.

Netherlands

Equinox Ocean Turbines from the Netherlands secures €2.4M for Ocean Current Energy Development

Germany

Helsing from Germany secures €450M to bolster NATO Defense with AI Technology

Military AI startup Helsing has raised €450 million, elevating its valuation to €5 billion. The German company plans to utilize this substantial funding to bolster security along NATO’s Eastern Flank, amidst growing concerns over Russia’s threat to Europe.

United States

Pactum AI secures $20 Million in Series B Funding to enhance Autonomous Negotiation Platform

Pactum AI, a leader in autonomous negotiation technology, has successfully raised $20 million in a Series B funding round. This latest investment, led by 3VC and featuring participation from existing investors, will enable Pactum to scale its innovative platform and expand its market reach globally.

Germany

AMD acquires Finnish AI Firm Silo AI for $665M to strengthen AI Capabilities

US chipmaker AMD has announced a $665 million (€614 million) acquisition of Finnish startup Silo AI, a leading European artificial intelligence company. The all-cash transaction, revealed on Wednesday, marks a significant step for AMD in delivering end-to-end AI solutions and bolstering its competitive edge against Nvidia in the high-performance chip

Germany

Lemon.markets from Germany raises €12M to expand Brokerage-as-a-Service Platform

Berlin-based fintech startup Lemon.markets has secured €12 million in additional funding to expand its Brokerage-as-a-Service platform. The investment round was led by CommerzVentures, with participation from Heliad and existing investors such as Creandum, Lakestar, Lightspeed, and System.one.

Startup Ecosystem

European Tech VC Investments surge to $29B in First Half of 2024

There’s a new wave of optimism in the European tech scene as european tech vc investments have climbed by 12% in 2024, reaching $29.3 billion by June. If this trend continues, 2024 is set to become the third most active year for VC funding in Europe, according to Dealroom.

United Kingdom

Fintech NALA from London secures €37M to enhance Payment Services across Africa

London-based fintech company NALA has secured €37 million ($40 million) in a Series A funding round led by Lauren Kolodny of Acrew Capital, with participation from DST Global and Amplo, represented by Sheel Tyle.

United States

Blockchain Analytics Startup DORA secures $5.5M to enhance Multichain Ecosystem Queries

Blockchain analytics startup DORA has successfully raised $5.5 million in a seed funding round. The investment, led by top venture capital firms, aims to enhance DORA’s capabilities in delivering advanced multichain ecosystem queries.

Bulgaria

BrightCap Ventures closes €60M Fund to support Southeastern European Tech Founders

Sofia-based venture capital firm BrightCap Ventures has successfully completed the first close of its new fund, Fund II, targeting €60 million. This fund is backed by the European Union’s NextGenerationEU initiative, with financial support from the governments of Bulgaria and Romania under their respective Recovery and Resilience Plans.

United States

Craigslist: A Success Story with Valuable Lessons for Entrepreneurs

Craigslist, founded by Craig Newmark in 1995, has become a household name in the realm of online classifieds. What began as a simple email distribution list to friends has transformed into one of the most popular websites globally, offering a platform for buying, selling, and community interactions.

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Switzerland

Equinox Ocean Turbines from the Netherlands secures €2.4M for Ocean Current Energy Development

Equinox Ocean Turbines from the Netherlands secures €2.4M for Ocean Current Energy Development

Helsing from Germany secures €450M to bolster NATO Defense with AI Technology

Pactum AI secures $20 Million in Series B Funding to enhance Autonomous Negotiation Platform

AMD acquires Finnish AI Firm Silo AI for $665M to strengthen AI Capabilities

Lemon.markets from Germany raises €12M to expand Brokerage-as-a-Service Platform

European Tech VC Investments surge to $29B in First Half of 2024

Fintech NALA from London secures €37M to enhance Payment Services across Africa

Blockchain Analytics Startup DORA secures $5.5M to enhance Multichain Ecosystem Queries

BrightCap Ventures closes €60M Fund to support Southeastern European Tech Founders

Craigslist: A Success Story with Valuable Lessons for Entrepreneurs

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ZuriQ from Switzerland secures €4M to advance scalable Quantum Computing

Lisbon-Based VC AgileGTM secures First Close of €9.6M Fund to back B2B Blockchain Startups

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