November Tech Funding Roundup: End of 2024 Brings Cautious Optimism

December 5, 2024

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Welcome back to our monthly tech funding roundup 👋

In November, 19 companies secured tech funding investments, up from just 10 in October! As we predicted last month, the end of the year is bringing some cautious optimism. 

Here are a few of the standout funding rounds from the month—take a look to see who’s making strides 👇

An impressive €21.3million raised for Sympower to help boost their work in renewable energy 

Amsterdam-based Sympower, a leading European energy flexibility services provider, has secured €21.3 million in an oversubscribed Series B1 funding round, led by A&G Energy Transition Tech Fund. 

The funding will support Sympower in scaling its battery energy storage solutions, pursuing mergers and acquisitions, and accelerating its European expansion while continuing to help businesses optimise their energy usage. 

Pioneering SaaS platform dedicated to agricultural sustainability raises $11.2 million 

TRACT has raised $11.2 million in funding, supported by existing investors Archer Daniels Midland Company, Cargill, Louis Dreyfus Company, and Olam, along with new partners The Working Capital Fund and Rabo Investments. 

Dedicated to simplifying data management and enabling supply chain transparency and traceability, this significant funding will fuel TRACT’s mission and drive its progress. 

Amsterdam ticketing start-up, Celebratix, secures €1.1 million to expand international growth 

Celebratix has raised €1.1 million in funding from investors including uBIT and several entrepreneurs from the Netherlands and the UK. This capital will be used to accelerate the company’s global expansion. 

Using the Solana blockchain, Celebratix enables event organizers to access revenue and customer data throughout every phase of an event—before, during, and after. The platform empowers organizers to control the secondary market while providing attendees with a secure and seamless experience. 

Hague based Bubty secures additional €3 million in seed funding 

Bubty, the rapidly growing freelance management system, has secured €3 million in funding to support its continued international expansion. 

Founded in 2020, Bubty has quickly gained significant traction, with one million users already on the platform. This investment signals strong potential for further growth, enabling the company to navigate the complexities of compliance for businesses using its services. 

Europe’s only edtech specialist fund invests €2 million towards AI-powered university support solution 

LearnWise AI, an innovative university support platform, received €2 million in seed funding in a round led by Emerge, to scale its university support solution globally. 

LearnWise transforms higher education with its AI-powered solution, delivering a seamless and intelligent experience across university systems. With this funding, the company aims to accelerate product development to address the evolving needs of universities worldwide. 

Conclusion 

November has proven to be a promising month for innovation and growth, with a significant boost in funding across a variety of sectors. Is this a sign of market confidence within the private equity & venture capital landscape? 

As we head into the final stretch of the year, the momentum continues to build, and it’s clear that many of these companies are poised for even greater success in 2025. Stay tuned for more updates on the exciting developments to come! 

October Tech Funding Roundup: Exciting Growth for Netherlands Startups

November 7, 2024

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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 funding 

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. 

Passionfruit among one of seven companies to gain funding from UNIIQ 

€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.  

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. 

An exciting €1.5 million in equity investment for Antennex 

Antennex received a €1.5 million investment from Value Creation Capital (VCC) and Brabantse Ontwikkelings Maatschappij (BOM) to support its commercial growth.  

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. 

Conclusion 

The outlook for the end of 2024 is continuing to show optimism. 

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! 

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