In today’s fast-paced world, with new innovations emerging every minute, it is easy to feel overwhelmed when it comes to covering every significant update that could shape the future.

This week, from September 2nd to September 6th, has been no exception.

Amid the array of major announcements and cutting-edge innovations, several noteworthy news might have slipped under your radar.

Don’t worry—we’ve got you covered.

Here’s a roundup of the news we have missed this week.

Calyxia bags €31.5M to manufacture biodegradable microcapsules and microparticles

Paris-based Calyxia is a B2B industrial CleanTech company specialising in the manufacture of advanced, biodegradable microcapsules and microparticles for the consumer goods, agriculture, and advanced materials sectors.

This week, the French company today announced that it has raised $35M (approximately €31.5M) in a Series B funding round. The round was led by Lombard Odier Investment Managers, via its Plastic Circularity fund, and Bpifrance, via its Large Ventures fund, with strong support from existing investors, including Astanor.

Calyxia installed and qualified its first fully operational factory in 2023, and has secured commercial partnerships for mass-volume industrial applications with leading companies in Agriculture, Consumer Care, and Advanced Materials markets.

Revolut Business revenue exceeded €450M

Earlier this week, Revolut, the financial app with over 45 million customers globally, announced a stronger focus on business banking.

According to the company, the global annualised revenue from its business-to-business (B2B) offering — Revolut Business, has exceeded €450M.

In the Netherlands, the monthly transaction volume has grown to €660M.

Additionally, Revolut is expanding globally with the launch of Revolut Business in Singapore, offering benefits to international businesses with operations in Singapore.

Furthermore, Revolut announces the launch of Revolut BillPay, integrated with accounting software and designed to save time managing and paying invoices to suppliers in over 150 destinations in just a few clicks.

Bizzdesign acquires Edifit

Earlier this week, Bizzdesign recently acquired Edifit, a provider of enterprise architecture software and consulting services, as part of its international buy-and-build strategy since management partnered with strategic software investor Main Capital Partners.

Edifit provides a range of consulting, resourcing, and accelerator services to improve and enhance clients’ internal capabilities, including EA strategy and roadmaps, portfolio planning, and solution architecture.

This move aims to accelerate value delivery for Bizzdesign’s customers by leveraging Edifit’s software suite and consulting capabilities.

The integration of Edifit’s software with the Bizzdesign platform is in high demand for enhanced content management and publishing controls.

E-Tuk Factory announces black box

E-Tuk Factory has developed fully electric tuk-tuks with an advanced Vehicle Intelligence System. Since 2019, the solutions of this Dutch company have been used worldwide for sustainable, smart, and cost-efficient tourist transport.

With this, the company opened the black box in e-mobility, providing insight into, among other things, the transported weight, charging curves, heating processes, and location, as well as aspects such as the driving behavior of different drivers.

These data-driven insights not only result in greater operational efficiency for customers but also in a preventive approach to increase the lifespan of the e-tuks through optimal use and minimise maintenance.

Root Signal secures €2.5M to accelerate GenAI adoption

Founded in 2023, Root Signals helps businesses accelerate GenAI adoption by providing them with enterprise-grade tooling to comprehensively measure, control, and monitor LLM applications.

Recently, the company raised $2.8M (approximately €2.5M) in a funding round led by Angular Ventures, with participation from Business Finland. 

Root Signals will use the funding to accelerate their platform and model development, and sales and marketing capabilities. 

Tiptapp raises €1M for its digital marketplace

Tiptapp is a digital marketplace that connects people who need help with moving, recycling, or delivering items with others who have extra space in their vehicles and time to assist.

Recently, the company raised €1M in a funding round from Gilion to launch a series of targeted marketing campaigns designed to increase brand awareness and user adoption in Berlin. 

123FormBuilder acquired by Kiteworks

In a recent development, 123FormBuilder, a provider of secure web forms and data collection solutions, has been acquired by Kiteworks, which delivers data privacy and compliance for sensitive content.

With this acquisition, Kiteworks aims to provide its customers with a more robust and secure way to collect and manage data.

Integrating 123FormBuilder’s technology will allow organisations to create dynamic, secure forms seamlessly integrating with popular tools like Salesforce, Stripe, Shopify, HubSpot, and more.

REDUCED completes Series A round at €8M

Copenhagen-based REDUCED, a company known for its flavourful upcycled food ingredients, announced the completion of its second closing of its series A funding round, totaling around €8M.

A significant amount comes from the European Circular Bioeconomy Fund (ECBF). The company will use the funds to expand its presence in the DACH region and beyond.

Founded in 2020 by William Anton Lauf Olsen and Emil Munck de Voss, the Copenhagen-based company has developed unique fermentation processes, allowing the utilisation of various side streams to create intense natural flavour solutions.

Muck Rack acquires Keyhole

Muck Rack, a company specialising in PR and communications management software, announced that it has acquired Keyhole, a social media analytics platform.

This marks Muck Rack’s first acquisition, finalized on August 31, 2024.

With this acquisition, Muck Rack will continue supporting the Keyhole product and will begin to integrate its tools into the Muck Rack platform immediately.

The integration will enable customers to monitor direct and indirect brand mentions, hashtags, influencers, and keywords across Instagram, X (formerly Twitter), TikTok, YouTube, and Facebook.

Together, the Muck Rack and Keyhole teams aim to build social listening features designed specifically for PR and communications.

Ogi raises €53M

Based out of Wales, Ogi is a provider of real fibre broadband. Earlier this week, Ogi announced it has reached a deal on a £45M (approximately €53M) financing package from Cardiff Capital Region (CCR), alongside ongoing equity investment from its principal shareholder, Infracapital.

The funding will help Ogi expand across the ten local authority areas that make up CCR (Blaenau Gwent, Bridgend, Caerphilly, Cardiff, Merthyr Tydfil, Monmouthshire, Newport, Rhondda Cynon Taf, Torfaen and the Vale of Glamorgan) where it already has an established presence.

Skarper drives away with €5.3M for its DiskDrive

London-based Skarper is a mobility technology company that has developed a patented lightweight, portable drive system —  DiskDrive. When it is connected to regular bicycles’ disc brake rotors, it transforms them into electric bikes with a 50km range.

Recently, the company raised £4.5M (approximately €5.3M) in funding led by Adjuvo. Existing investors including Starry Group, Mobilitech Capital, and Yaron Kottler, chairman of engineering and cybersecurity services group Resilion, also participated in the funding round, reports Sky News.

The company will use the funds to accelerate production capacity and invest in marketing and its sales infrastructure.

HEPTA Medical secures €5.7M for early-stage lung cancer therapy

HEPTA Medical is a private medical device company that provides efficient, safe, and minimally invasive thermal ablation therapy for early-stage lung cancer.

This week, the company raised €5.7M in the first close of its Series A funding round led by BPI France with the participation of M&L Healthcare and Clery IG.

This funding will enable HEPTA to initiate the US regulatory approval process for the first version of its microwave ablation platform and to commence its clinical trials.

Ventory bags €1.75M for its inventory management software

Based out of Zaventem, Belgium, Ventory develops field and remote inventory management software.

The company’s solution enables field services companies to gain complete control and visibility over their field inventory to the very end – including forward stock locations and engineers’ vans.

Ventory’s SaaS simplifies inventory management, enabling data-driven decisions, and can integrate with existing WMS or ERP systems like SAP.

This week, the company raised €1.75M in a seed funding round from Finindus and Matterwave Ventures to accelerate the development of its field and remote inventory management software.

ATLAS Space Operations raises €13.5M for its Ground Station as a Service

ATLAS Space Operations is a provider of ground station services for satellite communications.

The company’s Freedom software simplifies spacecraft communication, from single satellites to constellation management, making it faster and more economical for customers.

This software enables customers to manage their spacecraft with automated communications, dynamic flex scheduling, millions of data points, and near real-time troubleshooting capabilities.

The company’s services support a wide range of missions across the commercial, civil, and defense sectors, facilitating secure, scalable, and real-time access to space-based data.

This week, the company raised $15M (approximately €13.5M) in its latest growth investment round to accelerate the company’s expansion in the US and internationally.

7NXT acquires Buddyfit

Oakley Capital, a pan-European private equity investor, announced this week that its portfolio company 7NXT, which owns and operates the DACH region’s online fitness and mindfulness platforms Gymondo and 7Mind, has acquired Buddyfit, an online fitness platform in Italy and Spain.

Based out of Genoa, Buddyfit offers online fitness classes, mindfulness sessions, live workouts, and nutrition plans to a paying subscriber base of c.100k.

Doccla secures €41M to develop “virtual hospital ward”

Based out of London, Doccla has developed a “virtual hospital ward” to help doctors manage patients remotely through medical class IoT devices.

Doccla was created to provide hospital-level care at home for different types of patients, including those who need early discharge and those with chronic care needs to prevent hospital admissions.

The company raised $46M (approximately €41M) from new investors Lakestar, Optum Ventures, and Elaia. Existing investors who participated in the round include General Catalyst, Bertelsmann Investments, and Speedinvest.

The company will use the funds to further consolidate its position in the UK and Ireland while looking to expand in France and the DACH region and build upon our Pharma work.

Involve raises €2.5M for its stratospheric balloon technology

Based out of Lombardy, Italy, Involve specialises in stratospheric balloon technology applicable to real-time Earth monitoring, telecommunications, and infrastructure.

The company recently raised €2.5M in a seed round led by Earlybird and supported by Takeoff, the aerospace and advanced technology accelerator of the CDP Venture Capital National Network. They were also backed by Unicredit, Fondazione CRT, Plug and Play, and TLI Space, a venture capital firm specializing in space and technology sector investments.

The Italian company will use the funds to accelerate the development of its stratospheric balloon technology to achieve several technical milestones.

These include enhancing flight duration, optimising control systems through artificial intelligence, and expanding payload capacity. The company also plans to grow its team with new hires in key areas such as aerospace engineering, software development, and data management teams.