Quantum Computing Firm planqc from Germany secures €50M to enhance Industry-Relevant Quantum Solutions

Munich-based quantum computing startup planqc has successfully raised €50 million in a Series A funding round. The investment was led by European Family Office CATRON Holding and the DeepTech & Climate Fonds (DTCF), with additional support from Bayern Kapital, the Max-Planck Foundation, private investors, and existing backers UVC and Speedinvest. The round also includes a non-dilutive grant from Germany’s Federal Ministry of Education and Research (BMBF).

Germany

Quantum Computing Firm planqc from Germany secures €50M to enhance Industry-Relevant Quantum Solutions

Iceland

LAXEY from Iceland secures €6M to expand sustainable Land-Based Salmon Production

Vestmannaeyjar-based LAXEY, a specialist in sustainable aquaculture, has raised €6 million in an equity private placement. This funding will be used to commence the construction of the second phase of their 4,500-ton HOG (Head On Gutted) land-based salmon production facility.

Germany

EQT and Kühne Holding Acquire 35% Stake in German Travel Tech Firm Flix for €1 Billion

Munich-based travel technology company Flix SE has announced that EQT Group and Kühne Holding have acquired a 35% minority stake in the firm for approximately €1 billion. This investment values Flix at over €3 billion, as reported by Bloomberg.

Portugal

Seaya closes €300M Fund to drive Climate Tech Innovation in Southern Europe

Madrid-based venture capital firm Seaya has announced the successful closing of the Seaya Andromeda fund, the first Article 9 climate-tech fund in Southern Europe, at €300 million. This landmark fund has attracted investments from major partners including Iberdrola, Nortia, Santander, BNP Paribas Group, Next Tech Fund, and Bpifrance.

Portugal

Eneida from Portugal raises €10.5M to enhance Low Voltage Network Optimization

Coimbra-based Eneida, a company specializing in Neighbourhood Grid Intelligence for Zero Emission Neighbourhoods (ZEN), has secured €10.5 million in a Series B funding round. The round was led by Junction Growth Investors, with additional investments from Santander Alternative Investments, Korys, HCapital, and the company's founders.

Canada

What are the common mistakes in global communications for scaling startups?

More than half of the content on the Internet is exclusively in English, creating a significant language barrier for countless users. The Internet, as a global platform, should ideally unite people worldwide by providing equitable access to resources. Drawing from the insights of Localazy, a Czech startup specializing in automated

Canada

Sanctuary AI from Canada secures new Funding to develop Human-Like Robots

Vancouver-based Sanctuary AI has received new funding from BDC Capital’s Thrive Venture Fund and InBC Investment Corp. While the exact amount of the investment remains undisclosed, this funding brings Sanctuary AI’s total capital to CA$140 million. Previous investors include Accenture, Bell, Export Development Canada, Evok Innovations, Magna, SE Health, Verizon,

Canada, United States

Canadian-Founded AI Startup Clay secures $46M Series B Funding

New York-based AI startup Clay, originally founded by McGill University graduates, has raised $46 million ($63 million CAD) in a Series B funding round.

Netherlands

Game Publisher Mystic Forge raises €2M to expand Portfolio and Market Reach

Utrecht-based boutique game publisher Mystic Forge has raised €2 million in a fresh funding round, led by ForsVC and ROM Utrecht Region. This significant partnership was announced during INDIGO 2024 in Utrecht.

France

Altrove from France secures €3.7M to develop sustainable Alternatives for Critical Materials

Paris-based startup Altrove has successfully closed a €3.7 million funding round aimed at developing sustainable alternatives to critical materials. This investment will accelerate the company’s mission to create eco-friendly solutions and reduce reliance on scarce and environmentally damaging materials.

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Denmark

Quantum Computing Firm planqc from Germany secures €50M to enhance Industry-Relevant Quantum Solutions