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Vedat Öndas @ ArcticStartup 3 place · 10/26/2021 06:41 EDT

Baltic seed fund grows to €43M

Baltic seed fund Change Ventures announced another increase in the size of its Change Ventures Fund II, to almost €43M in commitments, allowing more capital to flow to ambitious Baltic founders to scale their businesses across the globe. This fund growth comes at the right time as startups are experiencing an unprecedented renaissance across the ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 1 place · 10/26/2021 04:19 EDT

€3.6M seed extension for Lithuanian Compliance-as-a-Service startup

The additional funds extend Ondato’s seed round to a total of €5.6M, spurred by 4x growth since January  Compliance-as-a-Service startup Ondato has closed a €3.6M seed extension round led by OTB Ventures, LitCapital and Startup Wise Guys, bringing the total amount raised by Ondato so far to €5.6M. The seed extension sees the addition of ... Read more ›

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ArcticStartup
Vedat Öndas @ ArcticStartup · 10/25/2021 08:03 EDT

Nordic FoodTech VC closes a €42M fund

Nordic Foodtech VC announced  the closing of its first fund at €42M, exceeding the €40M target size. The fund was launched in April 2020 as the  first early-stage VC fund in the Nordics fully focused on investing in food tech startups. The Nordic food ecosystem has shown support into the vision, as a quarter of ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 1 place · 10/25/2021 07:09 EDT

This startup completes Sweden’s first commercial food delivery by drone

Aerit, a  sustainable drone delivery service based in Stockholm, completed Sweden’s first commercial beyond visual line of sight (BVLOS) food delivery in collaboration with Region Halland using its autonomous drone the Nimbi. The company aims to facilitate access to goods and services regardless of location, weather, time of day, or personal ability. Their delivery platform ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 2 place · 10/25/2021 02:26 EDT

Lithuanian FinTech raises one of the largest seed rounds in Europe

kevin., a Lithuanian FinTech startup that provides a payment infrastructure for online, mobile, and physical sales, has secured $10 million of new capital in a seed funding round one of the largest in Europe. The round was co-led by OTB Ventures and SpeedInvest. Also joining the funding round were OpenOcean, Global PayTech Ventures. This round ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 1 place · 10/24/2021 01:00 EDT

Swedish startup is refining stock market news with AI

Texelio has developed an AI engine that according to the plans will make stock market news more relevant to the reader. The company is now raising capital from a number of well-known investors. ​​Texelio was founded in late 2019 by Meysam Sadegh , a Chalmers engineer. The company has built algorithms that refine and adapt ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 1 place · 10/23/2021 01:00 EDT

Increased investment pace for this Kinnevik

Kinnevik has invested more this year than originally expected at the beginning of 2021. The company now expects that the investments will add up to as much as SEK 6 billion for the year. Georgi Ganev states in the firm’s third quarter report that they have invested more than what was originally planned from the ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 2 place · 10/22/2021 07:50 EDT

$2.5 million to provide digital identities

IndyKite comes out from stealth with the announcement of a $2.5 million pre-seed funding round co-led by Alliance Venture and SpeedInvest. The company aims to provide the identity layer for the decentralised web. IndyKite uses an open-source technology that will allow developers to map out people, devices across networks and bring personalisation and authorisation services ... Read more ›

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ArcticStartup
Vedat Öndas @ ArcticStartup 1 place · 10/22/2021 05:02 EDT

Icelandic software startup raises $2m in seed funding

Icelandic startup Treble Technologies, specializing in sound simulation and sound design software, has announced a $2m seed financing round. Main investors are Börkur Arnviðarsson founder of ChemoMetec, Omega ehf., Sigþór Sigmarsson of Novator Partners LLP and Trausti Kristjánsson. The company, founded in late 2020, has the  architecture, engineering and construction industry as its main target ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 2 place · 10/21/2021 07:03 EDT

One Finnish company selected among 2700 for Katapult Accelerator Program

Katapult Group’s single largest investment of 50 million NOK was made this year in 18 impact tech startups beginning the 2021 Accelerator Program this October. One of those 18 is a Finnish 3d printing startup.  Norwegian impact-focused investment fund Katapult has selected 18 companies to invest in from 15 different countries and spanning 5 continents ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 2 place · 10/21/2021 04:14 EDT

EQT’s new impact fund seeks 4 bln euros

EQT reinforces its commitment to impact and launches the EQT Future fund, targeting mature companies with market-shaping impact potential Paul Polman, former CEO of Unilever, and Jacob Wallenberg, Chairperson of Investor AB, are set to co-chair the EQT Future Mission Board which will provide strategic direction and impact-focused advice The EQT Future fund will have ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 3 place · 10/20/2021 07:57 EDT

Finnish game studio joins forces with World Health Organization

WHO and Psyon Games have joined forces to launch a new tower defense game called the Antidote COVID-19 to turn complex, scientific information into a fun learning experience. During the course of the game, players will learn about their immune system, pathogens, vaccines and how to protect themselves from COVID-19. The game comes at a ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 1 place · 10/20/2021 04:33 EDT

Swedish women-founded Lace Laboratory secures funds for expansion

Stockholm-based startup Lace Laboratory, making high-quality lace underwear for home delivery, today announces that it has raised €1.8 million. Investors include Jacob de Geer, founder of iZettle, Susanna Campbell, investor and Director of the Board at Kinnevik among others. This latest round brings the total funding to date to €2.5 million. The fresh funds will ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 3 place · 10/20/2021 02:13 EDT

Icelandic shipping platform raises €2m to tackle decarbonization challenges

 Ankeri, an emerging leader in the modernization of marine cargo vessel and charter management, announced today a late-seed round of €2 million, led by Icelandic venture firm Frumtak Ventures. This new round will help Ankeri strengthen the development of its platform and increase its presence in key shipping hubs between North America, Europe and Asia. Ankeri ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 3 place · 10/19/2021 05:03 EDT

Inbalance Raises new funding to expand its EV charging network

Inbalance, a Lithuanian company that develops and operates smart EV charging stations, has raised an investment of 1.5 million euros in the post-seed round. Two new private investors Tomas Dirvonskas and Paulius Šarka are joining the existing investors: Contrarian Ventures, Coinvest Capital, the co-founder of the first Lithuanian unicorn Vinted Mantas Mikuckas, and angel investor ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 3 place · 10/19/2021 03:30 EDT

How Revieve’s beautytech AI helps to choose the right product

Revieve, a Finnish technology company specializing in delivering personalized digital brand experiences for skin, health, beauty, and wellness, has continued accelerating its partnerships by launching industry-first digital skincare advisor experiences with brand and retail partners in the Middle East, Europe, India, and Australia. Revieve powered global beauty retailers to deploy an AI-powered skincare solution,” Digital ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 3 place · 10/19/2021 01:36 EDT

Finland gets new unicorn

Finnish data management startup Aiven announced a $60 million investment on a $2 billion valuation today. The announcement comes after the company received a $100 million investment in March at an $800 million valuation, an impressive increase given the timeline. The round was made up of Aiven’s existing investors, World Innovation Labs and IVP co-led ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 1 place · 10/18/2021 02:00 EDT

Danish digital bank moves into payments space with new acquisition

The Danish challenger bank Lunar  has acquired payment gateway Paylike to launch its own one-step checkout solution for its business customers. Paylike, which Lunar acquired for an undisclosed amount, handles over €100m of transactions every year and will help the bank to boost its current business banking offering. “When we founded Paylike in 2015, we ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 3 place · 10/18/2021 01:45 EDT

2021 Accel Euroscape: On the path to global dominance?

The European and Israeli cloud ecosystem is accelerating as never before. Back in 2016, Europe and Israel had only four public companies worth less than $9B combined and local cloud companies had raised just $900M throughout 2015. Today, Europe and Israel have generated 23 public companies worth $231B and private cloud financing reached c. $30B. The $900M ... Read more ›

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ArcticStartup
Mathieu Topsi @ ArcticStartup 1 place · 10/16/2021 01:00 EDT

Female-founded startup gets backed by impact VC for its sustainable investing platform

Estonian-German female-founded startup Grünfin on announced the launch of its investment platform focused on sustainable, values-based investments, for European consumers.The company has raised €2M round of funding for the launch. The round was led by Norrsken VC. Other investors in this round include Superangel, Lemonade Stand and a angel investors with backgrounds in Wise, Pipedrive, ... Read more ›

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