Amsterdam-based Mollie, a payment service provider, on Thursday, published its 2023 financial results.  The announcement comes as the Dutch fintech unicorn celebrates its 20th year as it continues to strive towards its mission of making payments and money management seamless for every business in Europe. Mollie: Celebrating 20 years of integrating payments Founded in 2004 by Adrian Mol, Mollie is a payments platform that offers an “easy-to-implement” process for integrating payments into a site or app. The platform aims to simplify online payments for merchants by taking away the complex ..read more

Amsterdam-based Rodeo Software, a cloud-native project management software provider, has been declared bankrupt by the court in Amsterdam by termination of the suspension of payment on Wednesday, April 24. The announcement comes a week after the Dutch company got into a controversy following allegations of financial irregularities.  A brief overview As a result, US-based growth equity firm PSG Equity, which invested in Rodeo in 2022, has taken legal action against the company’s founder, Pieter Vos, seizing €67M.  Rodeo Software has informed its shareholders of potential financial ir ..read more

The Hague-based Canopus, a drilling solutions platform, announced on Wednesday that it has secured €3M follow-up investment led by the new investor Underground Ventures, and existing investors SHIFT and ENERGIQ.  The announcement was made during the Global Geothermal Impact Summit 2024 in The Hague, organised by the International Geothermal Association (IGA).  The Dutch company will use the funds to accelerate its growth and its drilling technology.  The funding comes two years after raising €2.6M from SHIFT Invest and ENERGIIQ in 2022.  Importance of Geothermal energy Geo ..read more

Paris-based FlexAI, an AI compute company, on Wednesday, April 24, announced its launch with $30M (approximately €28.5M) in a seed funding round led by Alpha Intelligence Capital (AIC), Elaia Partners, and Heartcore Capital. The company will use the funds to accelerate the commercialisation of its universal AI compute.  Later this year, the company is planning to launch its first commercial product – an on-demand cloud service that connects developers with virtual heterogeneous compute. This service will allow developers to run their workloads on various architectures to create and deplo ..read more

UK-based PeppercornAI, a conversational AI insurtech company, announced that it has secured £3.25M (approximately €3.78M) in its latest round of funding. Despite a 34 per cent decrease in investment in UK fintech and insurtech sectors last year, PeppercornAI says its funding round was oversubscribed. Wealth Club contributed £1.9M (approximately €2.21M) of this amount and the funding also involved high net-worth investors, alongside existing investors EHE Capital and Angels Invest Wales. In April 2022, PeppercornAI secured £1.8M in seed funding from EHE Capital. PeppercornAI founder, Nigel Lom ..read more

London-based Sorted, a recycling technology company, announced on Wednesday that it has secured £1.65M (approximately €1.9M) in a seed funding round led by Pi Labs.  Founded in 2015, Pi Labs actively invests globally at the early stages of the startup journey – from pre-seed to series A. Other investors, include Antler, Archipelago Ventures, Conduit Connect, and several angel investors.  The latest funding will help the UK company to accelerate its product development and expand its technical team. The company aims to make recycling more effective and sustainable, reducing the volum ..read more

Utrecht-based Beyond Weather, a company leveraging AI for weather predictions has secured €250K in fresh funding from Eindhoven-based LUMO Labs. The investment follows previous funding from TTT-AI, NWO, and Rabobank, which helped in the development and validation of Beyond Weather’s technology. Andy Lurling, Founding Partner of LUMO Labs, says, “Although we must all press on with our efforts to stop and reverse climate change, there is no denying that amid escalating climate change-induced weather events, today and in the foreseeable future, accurate forecasts are crucial.” “Our investment wi ..read more

Tallinn-based Salesforge, a developer of an all-in-one sales execution app, announced on Wednesday that it has secured $500K (approximately €467K) in a pre-seed round from BADideas.fund, Spring Capital, Fiedler Capital, and super angel Maciej Zawadzinski. The recent funding round will support Salesforge’s growth and expansion, enabling the company to unlock new channels and autonomous capabilities.  Additionally, CRM integrations will cover the entire pipeline generation process, says the company.  To date, the company has attracted over 800 customers in the US and EMEA, achieving ..read more

London-based Fundpath, an intelligent data-driven SaaS platform, announced on Tuesday that it has secured £2M (approximately €2.3M) in a fresh funding round from Fuel Ventures.  This second round of funding follows the £4M (approximately €4.6M) investment made in March 2023. Additionally, the announcement comes as Fundpath reaches a key milestone, with 100 asset management firms onboarded.  The latest funding will allow the UK company to accelerate its product roadmap by further investing in people, technology, and data. Fundpath Co-Founder & CEO, Jamie Hinchliffe comments, “Inv ..read more

Sjeel Koster, CEO and co-founder of HolidayHero, announced on Monday that she is stepping down from her role.  HolidayHero empowers hotels and short-term vacation rental hosts to manage guest experiences beyond booking.  With the HolidayHero Guest app, users can save time on guest management, boost topline revenue, and exceed overall guest expectations. “Two years ago becoming a founder felt like the next logical step for me, drawing on my diverse experiences from working in various startups and scale-ups. But something was missing—a challenge I hadn’t tackled yet: building a compan ..read more