Netherlands · 2026-10-21
Photon Bridge B.V.
€10MOther · announced transaction total
Recorded public participation. Explore the role and round-specific sources.
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Understand the capital behind the round.
Selected European announcements, recorded investor roles and the sources you can check for yourself.
What we focus on
- The financing announcement and what its headline amount includes.
- The named investors and any recorded public or institutional role.
- The source, the map and the limits of the available evidence.
READ AN EXCERPT · ADAPTED FROM ISSUE 002
The headline is only the beginning.
Public money can enter a private financing story in very different ways: as a guarantee, an equity investment, a grant or a customer contract.
Those distinctions matter. A financing package is not necessarily an equity round. A round total is not an individual investor’s contribution. And an optional contract is not committed revenue.
Capital Flows looks behind the headline: who participates, what role they play and what the original sources actually establish.
Adapted from Capital Flows, Issue 002 · 14 September 2026. This edited excerpt is not the complete edition.
Explore our current coverage
These are live examples from our published deal coverage, not a reproduction or archive of a sent email.
France · 2026-10-21
Pigment
US$250MGrowth · announced transaction total
Recorded public participation. Explore the role and round-specific sources.
Source ↗Estonia · 2026-10-20
Blackwall (Botguard OÜ)
US$100MSeries C · announced transaction total
Explore named investors, the announcement source and available map relationships.
Source ↗