A new wave of hope is washing over the oncology field with Myricx Bio’s impressive £90 million ($114 million) Series A funding. This UK biotech company, unlike its peers, isn’t taking an incremental step forward. Instead, they’re wielding a whole new weapon in the fight against cancer: N-Myristoyltransferase inhibitor (NMTi) antibody-drug conjugates (ADCs). The significance…
Longform.ai, a dynamic UvA spin-off at the forefront of AI innovation, has announced a significant milestone in its journey towards transforming audio data analytics. The company has secured €300K from Innovatiefonds Noord-Holland to propel its subscription-based AI service aimed at extracting actionable insights from vast troves of audio content. As online conversations in podcasts and…
Coimbra, Portugal-based Eneida has secured €10.5 million in a Series B funding round led by Junction Growth Investors, marking a significant milestone in enhancing its Neighbourhood Grid Intelligence platform for Zero Emission Neighbourhoods (ZEN). The funding round also saw participation from Santander Alternative Investments, Korys, HCapital, and the company’s founders, underscoring broad support for Eneida’s…
Polestar Capital’s Circular Debt Fund (PCDF) has made headlines by securing €43 million in funding aimed at supporting Dutch circular SMEs in their quest for sustainable innovation. This strategic initiative, bolstered by a €30 million contribution from the European Investment Fund (EIF) with support from InvestEU and the Dutch Alternative Credit Instrument, marks a significant…
Orus Energy, an innovative energy flexibility platform, has successfully secured €2.2 million in a pre-seed funding round aimed at advancing its mission to decarbonize the power grid. The platform utilizes cutting-edge machine learning algorithms to optimize energy consumption across buildings, offering dynamic adjustments that align with the cheapest and greenest electricity periods. This capability not…
Dublin-based Solidroad has successfully raised $1.2 million in a recent funding round aimed at bolstering its AI-driven enterprise software solutions for hiring, onboarding, and training. The investment, led by prominent figures including Dan Kiely, Jack Pierce, Ciaran Lee, Anne Heraty, and Louise Phelan, underscores confidence in Solidroad’s transformative technology and its potential to revolutionize workforce…
Antler, a stalwart in supporting European startups, has secured a pivotal €5 million investment from SmartCap Venture Capital Fund into its Nordic Fund II. This move not only highlights SmartCap’s dedication to fostering early-stage innovation but also strengthens Antler’s footprint in Estonia, a burgeoning hub for tech excellence. Over the past half-decade, Antler has backed…
Edinburgh, Scotland-based startup Wordsmith has announced a significant milestone in its journey towards transforming the legal landscape with AI-powered solutions. Led by a €4.6M seed funding round, spearheaded by Index Ventures and supported by General Catalyst, Felix, Yellow, and S16vc, the company aims to enhance in-house legal operations across enterprises worldwide. Founded in 2023 by…
Ciphix, a Rotterdam-based hyperautomation specialist, has solidified its position as a key player in Europe’s tech landscape with the acquisition of Bizzomate, a leading provider of low-code software solutions based in Limburg. This strategic move underscores Ciphix’s ambition to lead the hyperautomation sector across the continent. Koen Mallee, CEO of Ciphix, highlighted the significance of…
The Hague-based technology incubator, Sostark, known for pioneering wireless technology solutions, has successfully raised €2 million in a seed funding round led by Summus Fund, a Luxembourg-based firm specializing in early-stage investments. This investment marks a significant milestone for Sostark, enabling it to further enhance its capabilities in developing high-volume wireless solutions tailored for industrial…
