1. Vico Therapeutics acquires €11.5M for neurological diseases research
The Leiden-based company closed its second financing round with €11.5M from funders Seroba and Kurma Partners.
Vico Therapeutics is a clinical-stage genetic medicines company developing therapies for severe neurological conditions, such as Huntington’s disease. This neurodegenerative disorder currently lacks any treatments that can alter the course of the disease. This funding will enable the advancement of its research in treating severe neurological disorders like this one.
2. €1.2 million for Global Protocol scale-up
Eindhoven startup Globe Protocol has raised €1.2 million from Simac, Brabantse Ontwikkelings Maatschappij (BOM), and two private investors. The investment should contribute to the company’s scale-up ambition, looking in particular towards Europe, the United States, and Asia.
Globe Protocol is working on the development of a platform that protects consumer privacy while providing companies with valuable customer data. Zero-party data, it’s called. Through its platform: the AnyID app, users surf the internet anonymously, choosing what personal information to make public. They then control which information is visible to which company.
3. CuspAI raises $30 million for AI to tackle climate change
Amsterdam based- CuspAI has reached $30 million in funding from leading European and U.S. venture capital funds, partnering with Meta – which provides data and computing power.
The team thinks AI can be utilised to design materials that will be especially useful in combating the climate crisis. “Our AI can generate and evaluate new materials on demand”, argues Max Welling, founder of CuspAI.
“For example, you might ask for a material that selectively binds carbon dioxide under certain conditions. The AI then generates, evaluates, and optimizes the potential molecular structures that meet those exact criteria.”
4. Tapp brings investors on board for ‘smart’ paper
Dutch startup Tapp is bringing strategic investors on board. The company is welcoming new investors, including wholesaler Scherpenhuizen and import-export firm Freshclusive. Both are prominent figures in the farming industry.
Tapp markets its own ‘smart’ paper, an alternative to the plastic data logger. Such devices are mainly employed to check products are transported at the necessary temperatures and are used by a number of industries like the food sector, pharma, and floriculture.
5. $26 million to advance QBlox’s quantum computing research
Qblox specialises in fully integrated quantum control stacks, a fundamental quantum computer component. These systems allow for efficient control of quantum computers, eliminating the need for extensive preparation time and large setups of electronic equipment.
The newly acquired funds will support Qblox in enhancing its research and development activities, accelerate product development, and further strengthen its market position. Moreover, the company plans to grow its workforce to address increasing demand and drive future expansion.
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