Silicon Canals

Silicon Canals stands out as the top English-language technology news outlet for the Benelux region and Europe. We deliver updates, knowledge, and insights from the European tech and startup scene. Our content serves a diverse audience, including startup CEOs, founders of tech scale-ups, angel investors, venture capitalists, innovation managers, and others engaged in the startup community, offering them essential and valuable information.

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Google alum-founded company Deepdots raises €5.5M

5 days ago | siliconcanals.com | Vishal Singh

Copenhagen-based Deepdots (formerly Magic Feedback), an AI platform focused on automating customer feedback analysis, has secured €5.5M in Seed funding. Dawn Capital, a European B2B software investor, led the round, which included Maki.vc and angel investors, including Geeta Schmidt, former CEO and co-founder of Humio.
In other news this week: MECH-I-TRONIC secures €105M, Solveo Energies raises €98M for renewable projects, EnduroSat bags €43M and more

1 week ago | siliconcanals.com | Vigneshwar Ravichandran

There’s been a lot happening in the tech and startup world lately with new funding, acquisitions, and expansion plans. With so much happening at once, it’s easy to miss a few stories along the way. That’s why we’ve compiled some of the key updates that might’ve slipped through the cracks this week. From raising funds to advance clinical development of brain cancer treatment to fast-track renewable projects, here’s a quick roundup of the news you might’ve missed.
AI tool of the week: Definely's agentic AI tool ‘Enhance’ speeds up legal workflows by up to 70%

1 week ago | siliconcanals.com | Vigneshwar Ravichandran

Typically, lawyers spend 56 per cent of their time manually drafting and reviewing contracts. Although these core responsibilities are fundamental, they are time-consuming, and the volume and complexity of these tasks make them prone to human error. And here’s where London-based Definely, an AI-powered legal tech company, comes into play. The UK company enables lawyers to efficiently and accurately review complex contracts.
Implementing AI in European SMEs: Why strategy beats hype

1 week ago | siliconcanals.com | Vishal Singh

While AI has entered everyday vocabulary, its actual implementation across European SMEs tells a more complicated story. Buzzwords abound, but for small and mid-sized businesses, launching successful AI projects is still far from a plug-and-play experience. From e-commerce retailers to insurance brokers, real-world case studies reveal a consistent pattern: SMEs are eager to leverage AI, but often lack the necessary framework to execute it effectively.
Spain’s Floatech secures €1M

1 week ago | siliconcanals.com | Vishal Singh

Getafe-based Floatech, a company specialised in developing silicon anodes for lithium-ion batteries, has completed a €1M funding round. The round includes contributions from Grow Venture Partners, Big Sur Ventures, Suma Capital, CDTI Innvierte, and BStartup Banco Sabadell. This step supports Floatech’s push to bring its silicon anode battery technology, Si⋮Coil, to the market. Floatech plans to use the capital to expand the reach of its Si⋮Coil battery platform.
Ireland's Outmin secures €4M to expand its AI finance platform; appoints new Chairman

1 week ago | siliconcanals.com | Vigneshwar Ravichandran

Dublin-based Outmin, a startup transforming how small and medium-sized businesses manage their finances, has raised €4M in the latest funding round. The funding round was led by Praetura Ventures through its Praetura EIS Growth Fund and NPIF II – Praetura Equity Finance, managed by Praetura as part of the Northern Powerhouse Investment Fund II.
German rail freight company Helrom raises €32.9M green loan

1 week ago | siliconcanals.com | Vishal Singh

Frankfurt-based Helrom, a rail freight company, has secured €32.9M in green loan financing through a collaboration with Société Générale and DAL Deutsche Anlagen-Leasing. Structured according to the Loan Market Association’s Green Loan Principles, the transaction uses an asset-based model with a seven-year term. This deal builds on a previous agreement completed by the same parties in June 2023 and serves as a framework for Helrom’s future financing plans.
Amsterdam's SkyNRG secures €250M to build SAF plants in the Netherlands, Sweden, and the US

1 week ago | siliconcanals.com | Vigneshwar Ravichandran

Amsterdam-based SkyNRG, a company specialised in Sustainable Aviation Fuel (SAF), has secured €250M from APG, on behalf of its pension fund client ABP. APG is the largest pension services provider in the Netherlands, managing pensions for 4.6 million people. The firm offers services like consultancy, asset management, pension administration, communication, and support for employers. As of December 2024, APG manage about €616B in pension assets.
Ex-CLARK CPO’s AI startup TODAY bags €1M to free financial advisors from admin chores - Silicon Canals

1 week ago | siliconcanals.com | Vigneshwar Ravichandran

Copenhagen-based TODAY, a vertical AI startup has secured €1M in a Pre-Seed funding round led by Berlin-based AI-SaaS-Fund Lucid Capita. The funding round also includes a group of angel investors from InsurTech, AI, and the insurance industry, including CLARK, Ascendia, Harvey, Meta, Thinksurance, and Covago, including:Alexandros Bottenbruch (PayPal Ventures)Asbjørn Holmlund (Angel & CoS)Bastian Kunkel (Versicherungen mit Kopf)Daniel Feyler (Covago)Daniel Glaremin (Clark)Daniel v.
Grammarly secures $1B from General Catalyst

1 week ago | siliconcanals.com | Vishal Singh

Grammarly, an AI writing assistance company, announced it has secured $1B (nearly €881M) in financing from General Catalyst. The funding reflects General Catalyst’s ongoing support of Grammarly, which became an AI productivity platform for apps and agents after acquiring Coda in January 2025. Coda is a workspace platform used by over 50,000 teams worldwide to organise and manage work. It offers tools that support team workflows, including meetings and planning processes.