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/

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/

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/

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

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

Tallinn-based climatetech company eAgronom has joined forces with Gardskapital, a Stockholm- based alternative lending firm, to spearhead the adoption of regenerative farming practices among Swedish farmers. This collaboration aims to introduce eAgronom’s advanced soil regeneration and agroforestry techniques to farmers across 20,000 hectares of arable land in Sweden this year. https://arcticstartup.com/eagronom-partners-with-gardskapital/

On 20 March German 3D brand creation tool graswald.ai has raised $3.3 million with funding co- led by Lakestar and Supernode Global. graswald.ai transforms enterprise 3D content with a Figma or Canva for 3D platform that drastically enhances customer engagement through immersive visuals. The round is co-led by Lakestar and Supernode Global and welcomes FOV Ventures, Robin Capital and Notion Scout Fund as well as Jens Lapinski (Angel Invest), Arnav Bimbhet (former Partner ICONIQ Capital), Chris North (L Catterton), Philipp ‘Pip’ Klöckner, Patrick Andrae, CEO of HomeToGo and Andy Lenz, founder of t3n, as well as existing investors HTGF (Dominik Lohle) and Martin Ostermayer. https://tech.eu/2024/03/20/graswaldai-raises-33m-for-its-3d-content-creation-platform/