Advent, CVC make joint bid for European pet food business owned by Cinven, FT reports

Read More

Advent, CVC make joint bid for European pet food business owned by Cinven, FT reports

Private equity groups Advent International and CVC Capital have teamed up to bid for Partner in Pet Food (PPF), a maker of animal food owned by Cinven, the Financial Times reported on Sunday. The talks are ongoing although there is no certainty that a deal will be reached, the newspaper reported, citing people familiar with the matter. Cinven had previously sought a valuation of roughly 2 billion euros ($2.16 billion) for the business, the report added. Hungary-headquartered PPF was created via a series of acquisitions between 2000 and 2006. The pet food maker operates across Europe, including France, Italy and Germany according to its website. https://www.reuters.com/markets/deals/advent-cvc-make-joint-bid-european-pet-food-business-owned-by-cinven-ft-reports-2024-03-24/

  • 2 min read
  • Mar 25, 2024 11:53:08 AM

Berlin-based Fuchs & Eule raises Series A funding led by Amsterdam’s SET Ventures

Berlin-based Fuchs & Eule, a company that wants as many homeowners as possible to make their homes energy efficient, has secured a multi-million Euro funding in its Series A round to capitalise on the rising demand for green home renovations. The investment amount remains undisclosed. The round was led by Amsterdam-based SET Ventures, with Realyze Ventures and Picus Capital also contributing. https://siliconcanals.com/crowdfunding/fuchs-amp-eule-raises-funding/

  • 2 min read
  • Mar 24, 2024 6:32:47 PM

Dryad Networks grabs €5.6M for solar-powered, AI-enabled sensor preventing wildfires

Dryad Networks, a German-based startup, specialising in early wildfire detection technology, has secured €5.6 million in a convertible financing round, with a total round size of up to €10 million. This is a prelude to the company’s anticipated Series B funding round later this year, targeting €15- 20 million. This round follows the €10.5 million Series A funding that Dryad Networks raised back in 2022. The convertible financing round saw participation from both existing and new investors. Some of its previous investors include eCAPITAL, Toba Capital, Marc Benioff’s TIME Ventures, and Semtech. With this funding, Dryad Networks plans to revolutionise wildfire detection and prevention efforts worldwide. It will further accelerate the development and deployment of its wildfire detection technology, taking it close to its mission of safeguarding communities and ecosystems against the devastation caused of wildfires. https://techfundingnews.com/dryad-networks-grabs-e5-6m-for-solar-powered-ai-enabled-sensor-preventing-wildfires/

  • 2 min read
  • Mar 24, 2024 6:26:56 PM

Swiss climatetech Crosstown H2R raises €2M for hydrogen-powered zero CO2 burner

The climate tech startup has raised over €2 million in subsidies and grants from the Swiss Federal Office of Energy (SFOE) and further investors and has emerged out of stealth. Also, the company announced partnerships with Sulzer and Fortum. It will use the funding and collaborations to develop its proprietary technology – Crosstown Burner (H2R), which will enable gas power plants to shift to zero-carbon energy production for the first time ever. https://techfundingnews.com/swiss-climatetech-crosstown-h2r-raises-e2m-for-hydrogen-powered-zero-co2-burner/

  • 2 min read
  • Mar 24, 2024 6:23:37 PM

Banking-as-a-Service pioneer Solaris announces €96M Series F funding

Today, German embedded finance platform Solaris SE announced the signing of its €96 million Series F round led by SBI Group and other existing investors. it brings the company's funding to over €450 million. The current round consists of €96 million in additional capital and a financial guarantee of up to €100 million capital equivalent. Solaris will use the funds to onboard the ADAC (Allgemeiner Deutscher Automobil-Club) credit card program, strengthen its core capital, and invest in its platform's resilience. https://tech.eu/2024/03/19/banking-as-a-service-pioneer-solaris-announces-eur96m-series-funding/

  • 2 min read
  • Mar 24, 2024 6:20:24 PM

EU to inject 10 mln euro into Bulgaria's Dronamics

Bulgarian cargo drone developer Dronamics said it has secured an equity investment of 10 million euro ($10.9 million) from the European Innovation Council (EIC) to help it launch its commercial operations. Dronamics expects to begin operations as early as this year upon completing its flight test programme, it said in a statement on Tuesday. The company's flagship Black Swan drone will be able to carry 350 kg at a distance of up to 2,500 km. The fresh funding follows an earlier 2.5 million euro grant from the EIC under its Accelerator programme in November 2022, when the company was one of 74 candidates selected to receive funding out of nearly 1,000 applicants across the EU. https://seenews.com/news/eu-to-inject-10-mln-euro-into-bulgarias-dronamics-852131

  • 2 min read
  • Mar 24, 2024 6:14:33 PM

Romania's Nordensa raises 1.65 mln euro in seed funding

Romanian fan-powered football talent discovery platform Nordensa said it has secured 1.65 million euro ($1.8 million) in its latest seed round. The funds will help the company's expansion plans and bolster its product development efforts, Nordensa said in a press release on Wednesday. Some of the key investors in the round included AFC Bournemouth player Emiliano Marcondes, former Denmark international Lasse Vibe, and Mads Davidsen, the Group Head of Football at the Right to Dream Academy. Currently valued at 15 million euro, the company is seeking additional funding through a bridge round and plans a Series A round later this year, opening 20% to new investors. https://seenews.com/news/romanias-nordensa-raises-165-mln-euro-in-seed-funding-852251

  • 2 min read
  • Mar 24, 2024 6:10:23 PM

    Advent, CVC make joint bid for European pet food business owned by Cinven, FT reports

    Private equity groups Advent International and CVC Capital have teamed up to bid for Partner in Pet Food (PPF), a maker of animal food owned by Cinven, the Financial Times reported on Sunday. The talks are ongoing although there is no certainty that a deal will be reached, the newspaper reported, citing people familiar with the matter. Cinven had previously sought a valuation of roughly 2 billion euros ($2.16 billion) for the business, the report added. Hungary-headquartered PPF was created via a series of acquisitions between 2000 and 2006. The pet food maker operates across Europe, including France, Italy and Germany according to its website. https://www.reuters.com/markets/deals/advent-cvc-make-joint-bid-european-pet-food-business-owned-by-cinven-ft-reports-2024-03-24/

    • 2 min read

    Berlin-based Fuchs & Eule raises Series A funding led by Amsterdam’s SET Ventures

    Berlin-based Fuchs & Eule, a company that wants as many homeowners as possible to make their homes energy efficient, has secured a multi-million Euro funding in its Series A round to capitalise on the rising demand for green home renovations. The investment amount remains undisclosed. The round was led by Amsterdam-based SET Ventures, with Realyze Ventures and Picus Capital also contributing. https://siliconcanals.com/crowdfunding/fuchs-amp-eule-raises-funding/

    • 2 min read

    Dryad Networks grabs €5.6M for solar-powered, AI-enabled sensor preventing wildfires

    Dryad Networks, a German-based startup, specialising in early wildfire detection technology, has secured €5.6 million in a convertible financing round, with a total round size of up to €10 million. This is a prelude to the company’s anticipated Series B funding round later this year, targeting €15- 20 million. This round follows the €10.5 million Series A funding that Dryad Networks raised back in 2022. The convertible financing round saw participation from both existing and new investors. Some of its previous investors include eCAPITAL, Toba Capital, Marc Benioff’s TIME Ventures, and Semtech. With this funding, Dryad Networks plans to revolutionise wildfire detection and prevention efforts worldwide. It will further accelerate the development and deployment of its wildfire detection technology, taking it close to its mission of safeguarding communities and ecosystems against the devastation caused of wildfires. https://techfundingnews.com/dryad-networks-grabs-e5-6m-for-solar-powered-ai-enabled-sensor-preventing-wildfires/

    • 2 min read

    Swiss climatetech Crosstown H2R raises €2M for hydrogen-powered zero CO2 burner

    The climate tech startup has raised over €2 million in subsidies and grants from the Swiss Federal Office of Energy (SFOE) and further investors and has emerged out of stealth. Also, the company announced partnerships with Sulzer and Fortum. It will use the funding and collaborations to develop its proprietary technology – Crosstown Burner (H2R), which will enable gas power plants to shift to zero-carbon energy production for the first time ever. https://techfundingnews.com/swiss-climatetech-crosstown-h2r-raises-e2m-for-hydrogen-powered-zero-co2-burner/

    • 2 min read

    Banking-as-a-Service pioneer Solaris announces €96M Series F funding

    Today, German embedded finance platform Solaris SE announced the signing of its €96 million Series F round led by SBI Group and other existing investors. it brings the company's funding to over €450 million. The current round consists of €96 million in additional capital and a financial guarantee of up to €100 million capital equivalent. Solaris will use the funds to onboard the ADAC (Allgemeiner Deutscher Automobil-Club) credit card program, strengthen its core capital, and invest in its platform's resilience. https://tech.eu/2024/03/19/banking-as-a-service-pioneer-solaris-announces-eur96m-series-funding/

    • 2 min read

    EU to inject 10 mln euro into Bulgaria's Dronamics

    Bulgarian cargo drone developer Dronamics said it has secured an equity investment of 10 million euro ($10.9 million) from the European Innovation Council (EIC) to help it launch its commercial operations. Dronamics expects to begin operations as early as this year upon completing its flight test programme, it said in a statement on Tuesday. The company's flagship Black Swan drone will be able to carry 350 kg at a distance of up to 2,500 km. The fresh funding follows an earlier 2.5 million euro grant from the EIC under its Accelerator programme in November 2022, when the company was one of 74 candidates selected to receive funding out of nearly 1,000 applicants across the EU. https://seenews.com/news/eu-to-inject-10-mln-euro-into-bulgarias-dronamics-852131

    • 2 min read

    Romania's Nordensa raises 1.65 mln euro in seed funding

    Romanian fan-powered football talent discovery platform Nordensa said it has secured 1.65 million euro ($1.8 million) in its latest seed round. The funds will help the company's expansion plans and bolster its product development efforts, Nordensa said in a press release on Wednesday. Some of the key investors in the round included AFC Bournemouth player Emiliano Marcondes, former Denmark international Lasse Vibe, and Mads Davidsen, the Group Head of Football at the Right to Dream Academy. Currently valued at 15 million euro, the company is seeking additional funding through a bridge round and plans a Series A round later this year, opening 20% to new investors. https://seenews.com/news/romanias-nordensa-raises-165-mln-euro-in-seed-funding-852251

    • 2 min read

      Lists by Topic

      see all

      Related Posts