PEAC Solutions acquires Topi, Orca Capital acquires Sub Capitals, and Zenline AI receives a $1.6 million investment.
In the bustling world of technology, several European startups have recently received significant investments to fuel their growth and innovation.
Zenline AI, a Zurich-based startup that optimizes product assortment in retail using AI, has secured an investment of 1.6 million USD from Seedcamp, Yellow, First Momentum Ventures, and arc investors. This investment will undoubtedly propel Zenline AI towards achieving its goals in the retail sector.
Vectoflow, a company specializing in flow measurement technology and systems, has received reinvestment from Bayern Kapital, WN Invest, and AM Ventures. With the fresh capital, Vectoflow aims to advance the serial production of its 3D-printed flow probes and strategically prepare for entering safety-critical aerospace markets.
Squake, a company focusing on accurate emission calculations and tangible compensations for travel and logistics emissions, has received an investment from Haufe Group Ventures, a subsidiary of the Haufe Group. This investment will undoubtedly help Squake in its mission to combat climate change.
The FinTech company topi, which develops a payment solution for businesses using the Hardware-as-a-Service model, has a new owner. The American company PEAC Solutions, owned by Blackrock, has acquired Berlin FinTech topi in a share deal. PEAC Solutions, a multinational platform specializing in asset financing, will help topi expand its business geographically and explore new product categories.
Investors such as Creandum, Index Ventures, and Triple Point Capital have invested around 50 million in topi over the years.
Oktav, a digital platform for sheet music and piano learning, has received an investment from Schott Music, a traditional Mainz-based music publisher. Schott Music now holds 20% in the Linz-based startup Oktav.
Meanwhile, around 2 million euros have flowed into Sub Capitals in recent years. Orca Capital's shareholders have acquired Sub Capitals, a company that focuses on "advanced investment decisions using artificial intelligence (AI)." Orca Capital, an independent proprietary trading company that operates exclusively with its own capital, is poised to leverage Sub Capitals' AI capabilities for its trading operations.
The founders of Sub Capitals, Marius Siegert and Marc Schmid, will remain with the company after the acquisition. The second STARTUPLAND event will take place on November 5th.
These investments underscore the vibrant startup ecosystem in Europe and the confidence investors have in the potential of these innovative companies to shape the future.
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