ONWARD Medical raises €50.85 million
The Eindhoven-based neurotechnology company ONWARD Medical has successfully raised €50.85 million. It did so through a private placement of 11.3 million shares. With this money, the company will commercialize its ONWARD’s ARC-IM and ARC-EX systems, which aim to restore mobility and autonomic functions for individuals with spinal cord injuries.
Founded in 2014, the company specializes in restoring relocatement and other functions in individuals with spinal cord injuries. The ARC-EX system utilizes spinal cord stimulation to assist restore hand and arm function in patients. This fresh injection of capital will assist ONWARD sustain operations for at least the finish of 2026.
Hydryx secures €2.5 million for its landfill methane emissions tech
The Amsterdam-headquartered startup Hydryx raised €2.5 million in new funding to advance its tech that assists curb landfill methane emissions. Their system enables the capture of a greater share of a landfill’s methane emissions, curbing emissions and increasing energy generation.
The startup plans to utilize this sum to accelerate the European expansion of this business. The €2.5 million oversubscribed seed round was led by impact investor Marcel Smits and venture capital fund Graduate Entrepreneur, with a consortium of mission-driven entrepreneurial angel investors joining.
Water waste detection HULO bags €2.3 million
Startup HULO, utilizing AI to detect water leaks, raised €2.3 million. The company utilizes pressure and flow data from existing utility networks to detect, locate, and prioritize leaks and anomalies. Combining AI and physical models, the Frisian company understands the behaviour of each network, predicting leaks and failures.
HULO is already active in Europe and has taken steps to expand in Latin America. This investment will assist both accelerate rollout in new markets and expand the software capabilities, as the startup aims to reduce water waste worldwide.
Process mining company Konekti receives €1.2 million
Konekti, an Eindhoven-based startup, raised €1.2 million in new funding. The company is developing a data preparation tool for process mining, a technology that leverages data analysis to spot inefficiencies in business processes. Konekti solution aims to streamline this procedure.
The capital boost will assist the company accelerate its expansion, as it aims to become the market leader in the sector. The software is already employed by multinational and consulting firms in the Netherlands and beyond.
Ocean restoring startup raises seed funding
SeaCrete, a spinoff of Wageningen University & Research, secured €100,000 in pre-seed funding. The young company is developing a bio-inspired and bio-sourced alternative to concrete to assist restore biodiversity in marine environments. The material assists oyster and coral reefs thrive.
The €100,000 injection came from agrifoodtech accelerator StartLife and will allow SeaCrete to scale up its innovation, shifting closer to practical applications in reef restoration and marine infrastructure.
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