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Voliro, a Zurich-based company specializing in aerial mobile robotics, has raised €10.8 million ($12 million) in a Series A funding round led by Cherry Ventures, with participation from business angels, family offices, and a debt facility. This brings the startup’s total funding to €20 million, allowing it to expand its product offerings and enter new markets.
Amsterdam-based digital banking platform Plumery has raised €3 million in additional funding from DN Capital and Fontes, managed by QED Investors. This new capital injection brings Plumery’s total funding to €7.8 million, ahead of its planned Series A round in 2025.
Sparrow BioAcoustics, a healthtech startup based in St. John’s, NL, has raised $10 million in seed financing to expand its innovative heart monitoring technology. The funding round was led by Killick Capital, Klister Credit, and Pelorus Ventures, following Sparrow’s recent regulatory approvals for its smartphone-based stethoscope app, Stethophone.
Kestra, an open-source data orchestration platform provider, has raised $8 million in seed funding to continue its expansion across North America.
Paris-based digital health insurance provider Alan has raised €173 million in a Series F funding round, bringing its valuation to €4 billion. Led by Belgian bank Belfius, the round also saw participation from existing investors such as Teachers’ Venture Growth (OTPP), Temasek, Coatue, and Lakestar, along with notable entrepreneurs from France and abroad.
London-based fintech startup Yonder has raised €27.8 million (£23.4 million) in a new funding round, pushing its post-money valuation to over €119 million (£100 million). The round was led by Dan Jones through Repeat (formerly Jigsaw) and Gareth Jefferies from RTP Global, with additional backing from Latitude, the sister fund of LocalGlobe.
Finnish laboratory testing company Measurlabs started as a side hustle of two PhD students. Today, the company boasts customers in close to 50 countries and has recently raised a €2.5 million seed round. The two founders’ roles have transformed with the rapidly growing business, their focus shifting from hands-on customer work to strategic planning and leadership.
ContextSDK, a New York based startup focused on enhancing mobile app engagement, has raised $4 million in seed funding. The round was led by Speedinvest, a prominent European early-stage VC firm, with participation from First Momentum Ventures and New York-based Heracles Capital.
MATR, a Copenhagen-based foodtech startup, has signed a €20 million loan agreement with the European Investment Bank (EIB) to expand its production of plant-based meat alternatives. Led by CEO Randi Wahlsten, the firm aims to increase the production capacity of its clean-label, fungi-based meat alternatives to over 3,000 tonnes per year.
Stockholm-based startup Wingbits has secured $3.5 million in an oversubscribed seed funding round to expand its blockchain-based flight tracking platform. The round was led by US VC firms Borderless Capital and Tribe Capital, with support from Antler, an early backer of the startup. The firm aims to reward flight tracking enthusiasts by sharing revenue through blockchain, incentivizing the global flight tracking community to improve data reliability and coverage.
NPower Canada, a tech training charity, has secured $4 million from the Government of British Columbia to expand its Canadian Tech Talent Accelerator (CTTA) program. The initiative focuses on upskilling underrepresented youth for careers in the tech industry, particularly in areas like cybersecurity and artificial intelligence.
Baseload Capital, a Stockholm-based firm specializing in geothermal energy development, has raised €53 million in a Series B funding round. The round was led by ENGF, an infrastructure fund backed by Ingka Investments, the investment arm of IKEA’s largest retailer. Other investors include Baker Hughes, Breakthrough Energy Ventures, and Gullspång Invest.
Toronto’s Northside Ventures has successfully closed its inaugural early-stage venture capital fund, securing $15 million CAD despite a challenging fundraising environment. The firm, led by solo General Partner Alex McIsaac, focuses on backing Canadian founders at the pre-seed and seed stages, particularly in artificial intelligence, vertical SaaS, fintech, and cleantech sectors.
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.
Colin Huang, born in 1980 in Zhejiang, China, showed an early interest in technology and entrepreneurship. He pursued a degree in computer science at Zhejiang University and later obtained a master’s degree from the University of Wisconsin-Madison. His strong academic background laid the foundation for his future ventures.
Copenhagen-based startup Contribe, which enhances the online shopping experience by integrating social impact, has secured €1 million in funding. The investment comes from Rockstart, Human Act Development, EIFO, and a group of notable business angels, including Morten Bæhrenz, Jonatan Hjortdal, and Maria Krogh.
Halifax-based Sustane Technologies, a leader in clean technology, has been awarded a CA$950,000 grant by the Canadian federal government. This funding will support Sustane’s efforts in municipal solid-waste diversion and repurposing at its Chester, Nova Scotia facility.
Quantlytica, a Helsinki-based fintech startup, has successfully raised €1 million in a private funding round, attracting investments from major international institutions such as Polygon Labs Ecosystem Fund, Web3Port Foundation, Eureka Partners, DWF Ventures, Connectico Capital, and ZBS Capital.
Vancouver-based startup Miru has successfully raised $27.4 million CAD ($20 million USD) in a Series A funding round to accelerate the commercialization of its innovative electrochromic window technology. The round, which closed in July 2024, was co-led by BDC Capital and TNG Capital Corp., with additional support from Greensoil and other undisclosed investors.
Naval Ravikant’s leadership journey began in New Delhi, India, where he was born on November 5, 1974. At the age of 9, he moved to New York with his mother and brother. Ravikant’s early years were marked by the challenges of adapting to a new culture and environment.
Paris-based Morpho, a startup developing a decentralized protocol for crypto lending and borrowing on Ethereum, has raised €46.1 million ($50 million) in a new funding round. The investment was led by Ribbit Capital, with participation from strategic partners including a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, and Kraken Ventures.
The Canadian Agri-Food Automation and Intelligence Network (CAAIN), based in Edmonton and supported by the federal government, has announced a $6 million call for proposals focused on automation and data-driven innovation in the agri-food sector. Interested parties must submit their project application forms by August 9, 2024.
Barcelona-based Wallbox, a leader in smart electric vehicle charging and energy management, has raised €41.7 million ($45 million) in new funding. The investment will be facilitated through the sale of 36,334,277 Class A ordinary shares in a private placement, set to close on August 5, 2024, pending customary closing conditions.
Charlottetown-based startup Tracktile has raised $575,000 CAD in pre-seed financing, marking the first investment by the Business Development Bank of Canada’s (BDC) Seed Venture Fund. The funding round was co-led by BDC and Island Capital Partners, with participation from the New Brunswick Innovation Fund.