Welcome back to our monthly tech funding roundup.
October brought exciting growth for several companies, with tech funding investments flowing in to fuel their next big steps. We’ve highlighted some of the most notable funding stories from the month.
Take a look and see who’s gaining momentum 👇
Amazing news for Tebi as they receive €20 million to accelerate global fundingÂ
Tebi received its first major investment of €20 million from Index Ventures to fuel global growth. Founded by Adyen co-founder Arnout Schuijff, Tebi’s mobile platform simplifies management for small businesses, offering point-of-sale, payments, inventory, and accounting features all in one place.Â
Passionfruit among one of seven companies to gain funding from UNIIQÂ
€350,000 in pre-seed funding has been allocated to Passionfruit in a larger €2.5 million investment from UNIIQ, with this being spread across seven companies. Â
Passionfruit specialises in automating ESG reporting with an AI-driven workflow management tool. The platform streamlines up to 90% of compliance-related tasks, enabling companies to address complex customer and auditor requests more efficiently. A great investment for a company only founded this year.Â
An exciting €1.5 million in equity investment for AntennexÂ
Antennex received a €1.5 million investment from Value Creation Capital (VCC) and Brabantse Ontwikkelings Maatschappij (BOM) to support its commercial growth. Â
Founded in 2023 as a spinoff from Eindhoven University of Technology, Antennex uses advanced technology to simplify antenna testing, delivering fast and precise measurements for the telecom, automotive, aerospace, and defense industries.Â
ConclusionÂ
The outlook for the end of 2024 is continuing to show optimism.Â
Despite global economic challenges, the Netherlands remains a leading European startup hub, especially in deep tech, AI, and climate tech and we expect to see further tech funding to see us through the end of the year.
Check back next month to see how this develops!Â