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ArcticStartup
Jan Ameri @ ArcticStartup 1 place · 08/17/2021 04:02 EDT

New Norwegian unicorn baby Gelato raises $240 mln

Norway’s Gelato, which enables e-commerce entrepreneurs to produce and ship creations on-demand in the end-customer’s market, achieving fast order-to-delivery times with little to no inventory or investment, said it has raised $240 million in a new funding round which values the firm at just over $1 billion. The investment current round was led by New ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 1 place · 08/12/2021 17:49 EDT

Estonia orders €3.5 million worth of legal services from a startup bot

Estonian legal tech startup HUGO.legal said it has won an order from the Estonian Ministry of Justice worth up to 3.5 million euros for providing an infrastructure to offer affordable legal services for Estonian residents, while it was gearing up to raise 1.5 million euros to finance the expansion to new markets in the EU ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 2 place · 08/12/2021 08:49 EDT

Hunter Assassin snapped up by Angry Birds

Rovio, the creator of Angry Birds, said it has agreed to buy all shares in Turkish firm Ruby Games, the creator of Hunter Assassin, the sixth most downloaded game in the world in 2020. Rovio will at first acquire 20% of Ruby’s shares for $10 million in cash this year, and the cost of the ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 3 place · 08/12/2021 08:37 EDT

Estonian construction sector startup Remato raises $1.7 mln seed round

Remato, a tech startup that aims to make frontline construction management seamless, said it has raised $1.7 million seed investment round, led by London-based Passion Capital. Additional investors in the financing round include founders and early team members of Pipedrive along with venture funds Superangel, Lemonade Stand, Spring Capital, and Kaamos Group – a long-standing ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 3 place · 08/11/2021 17:27 EDT

Are you a seed-stage startup looking for a chance to win €20K? Then you should pitch online at Oslo Innovation Week 100 Pitches Event!  Oslo Innovation Week (OIW) is an annual conference concentrating on connecting pioneering entrepreneurs, founders, investors, and business leaders. The event puts actions and inspiring ideas for bold and new innovation under ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 1 place · 08/11/2021 04:55 EDT

Finland’s Innomost raises €5 mln

Finnish startup Innomost said it has raised €5 million from private and public funds to bring its birch bark innovation into new markets as a sustainable alternative for environmentally harmful ingredients in consumer products. The funding round was led by Metsä Spring Ltd. with Innovestor and angel investors joining the round. The round was completed with grants and loans from Business Finland ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 1 place · 08/02/2021 08:41 EDT

Bolt closes €600 mln round, bigger than Wolt

Estonian startup Bolt said it has raised 600 million euros funding round, increasing its valuation to more than €4 billion to boost its new grocery delivery service, Bolt Market, and accelerate the expansion of existing mobility and delivery products. In January Bolt’s Finnish peer, Wolt unveiled a $530 million round of financing following its rapid expansion ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 1 place · 08/02/2021 03:28 EDT

Estonia’s Outvio raises $3 mln

Estonian startup providing a SaaS fulfilment solution for medium-sized and large online retailers, Outvio, has closed a $3 million financing round led by Change Ventures, to finance its growth in Europe. “This round of fundraising, the first in Outvio’s history, will be used to expand the marketing and development teams, building on the success they’ve ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 3 place · 08/01/2021 14:56 EDT

Leaddesk gets Jenny

Finnish contact centre software maker Leaddesk said it has acquired chatbot startup GetJenny in an all-shares deal valued at 2.1 million euros. GetJenny raised in 2019 a 2 million euros seed funding, and it had also raised pre-seed funding. In 2020, GetJenny’s revenue was €1.4 million with an operating margin of 19.6%. The company employs ... Read more ›

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ArcticStartup
Guest Blogger @ ArcticStartup 1 place · 07/28/2021 08:39 EDT

Accel 2021 Euroscape submissions are open – apply now!

You can now put your company forward for Accel’s 2021 Euroscape, the list of the top 100 SaaS companies across Europe and Israel. All information submitted is confidential and applications close on 31 August, 2021. If you want the chance to increase your company’s visibility across the ecosystem, APPLY NOW! It’s now five years since Accel launched ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 1 place · 07/26/2021 09:23 EDT

Estonian-African startup PayQin raises €300,000 seed round

PayQin, a cross-border payment startup that operates a comprehensive e-wallet service for the underbanked in West Africa, has raised a new €300,000 seed investment round that takes the company’s funding up to $1 million. The company aims to reach one million daily transactions in a year and envisions a single payment area for the West African ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 07/22/2021 03:00 EDT

Estonian social media tool Postoplan raises $1.5 mln

Postoplan, an automated marketing platform for social media and messengers, said it has raised a $1.5 million investment round from lead investor TMT Investments, accompanied by YellowRockets. The 2020-founded company said it plans to spend the funds to strengthen its position on the U.S. market and to continue the development and improvement of the platform’s ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 2 place · 07/21/2021 07:07 EDT

Sweden’s Hearst raises $35 mln A round, sells 200 electric planes

Sweden’s Heart Aerospace, a company building a 19-seater electric airplane, has raised a $35 million Series A round led by Breakthrough Energy Ventures, United Airlines Ventures and Mesa Air Group Inc. In addition, Heart’s seed investors EQT Ventures and Lowercarbon Capital, have participated in the round.As part of the agreement, United and Mesa have together ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 07/15/2021 05:17 EDT

Swedish fintech Limina raises $3 mln A round

Limina, maker of cloud-native Investment Management Solution (IMS) for mid-sized asset managers, said it has raised $3 million Series A funding, led by Nordic venture capital firm Industrifonden. Limina will invest the fresh capital into scaling its offering, including further product development and strengthening the expert-led services organisation that complements its technology solution. “The investment will ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 2 place · 07/15/2021 03:30 EDT

Sweden’s Logical Clocks raises €5 million for machine learning feature store

Logical Clocks, the Swedish company behind Hopsworks Feature Store with an end-to-end machine learning platform, has raised €5 million Series A investment round, led by Industrifonden with participation from Inventure, for expansion of the company’s commercial operations and footprint, particularly in the US market. “Too many companies working with AI struggle with disconnected teams and ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 3 place · 07/14/2021 17:12 EDT

VR game firm Resolution Games raises $25 mln C round

Swedish VR games studio, Resolution Games, said it has closed a Series C funding round of $25 million. The round was co-led by Qualcomm Ventures LLC and BITKRAFT Ventures, followed by Knutsson Holdings AB. Resolution Games said it has seen a desire from the communities for live games, and hence, the studio plans to dedicate ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup · 07/14/2021 16:10 EDT

Estonia’s Eurora raises $3 million seed round for China move

Estonian startup Eurora Solutions today announced said it has closed a $3 million seed investment round, which was led by Change Ventures, to expand coverage of its e-commerce suite of customs compliance tools across 193 countries.  Eurora said it was focusing on Chinese platforms to offer its software which dynamically assigns to e-commerce product transactions an appropriate ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup · 07/14/2021 15:56 EDT

Latvia’s Sonarworks raises $6 mln

Sonarworks, the maker of precision audio software, said it has closed a $6 million funding round, which was led by Almaz Capital, to help fund the expansion of Sonarworks’ machine learning audio technology integration with consumer electronics devices globally.     The company said it would use the additional funding to expand internationally to the U.S. and ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 07/09/2021 16:35 EDT

Klarna buys social shopping platform HERO

Sweden’s Klarna, which describes itself as “a leading global retail bank, payments and shopping service,” said it has acquired HERO, a social shopping platform with immediately shoppable content produced directly from retailers’ physical stores. The financial details of the deal were not disclosed. Klarna said it will introduce HERO to its 250,000 retail partners, allowing their ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 1 place · 07/07/2021 04:30 EDT

Estonia’s Single.Earth raises $7.9 mln seed round to tokenize nature

Single.Earth — a tokenization platform that enables forests, wetlands, and other planetary resources to generate profit for landowners by selling them as carbon and biodiversity credits, instead of raw materials — has raised a $7.9 million seed round, one of the largest seed rounds ever in Estonia. The round was led by EQT Ventures, with ... Read more ›

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