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

Denmark’s Invisible Walls wraps crowd round, sees 100-fold user growth with new deal

Danish game development studio Invisible Walls, which is wrapping its 500,000 euros crowdfunding round on Funderbeam, expects its userbase will grow hundred times by the end of this year. “We estimate that by the end of this year we’ll have 10 million new users playing our games,” said Niels Wetterberg, CEO of Invisible Walls. “We ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 3 place · 07/07/2021 02:00 EDT

Finland’s Loupedeck raises €2 mln from Razer venture arm

Loupedeck, the Helsinki-based creator of custom consoles, announced a 2 million euros investment from zVentures, the corporate venture arm of Razer, the world’s leading lifestyle brand for gamers. The investment will be used to further Loupedeck’s growth, building off the September 2020 release of the Loupedeck Live, the power console designed specifically with live streaming ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 07/05/2021 15:53 EDT

Lithuania’s FOROS raises 1.2 mln euros, doubles team

Vilnius-based green investment platform FOROS has raised a €1.2 million investment round led by Iron Wolf Capital, 70 Ventures and CoInvest Capital, as it seeks to accelerate the development of its forest investment and management products, and to expand to Estonian and Finnish markets. The platform offers features that allow estimating the value of the ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 07/01/2021 17:48 EDT

Imaguru gets new life with Google for Startups

Imaguru Startup HUB unveiled a partnership with Google for Startups to expand its expertise in growing and supporting startups across Europe, and it plans to open several Hubs in Europe to build the bridge between Eastern European and Western European startup and venture communities. The main startup hub of Belarus, Imaguru, lost its long-time home ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 2 place · 07/01/2021 16:39 EDT

Estonia’s Skeleton grows D round to €70.4 mln, moves into batteries

Skeleton Technologies said it has raised additional 29 million euros from Marubeni Corporation, a group of Adyen alumni and several European industrial financiers. The Estonian startup has raised a total of 120 million euros in the last 12 months. “Skeleton is growing fast and preparing for the next stage in the company’s lifecycle, that will ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 2 place · 06/30/2021 17:11 EDT

Latvian startup Longenesis raises $1.2 mln seed round

Longenesis announced its late seed round backed by a group of business angels led by Rustam Gilfanov, for a total of $1.2 million. The round was also joined by Ilya Suharenko, a private investor and one of the Managing Partners of LongeVC, bringing in 17 years of experience in traditional banking. Longines isco-founded by Insilico ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 06/29/2021 13:05 EDT

Sony buys Finnish games maker Housemarque

Sony has acquired Finnish 1995-founded gaming studio Housemarque. “I have been a fan of Housemarque since the studio’s early days when they introduced Super Stardust HD to PlayStation fans. Housemarque’s recent release of Returnal proves the studio is one with incredible vision, capable of creating memorable new games that resonate with our community,” Hermen Hulst, head ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 1 place · 06/28/2021 07:32 EDT

Estonian line-drawing robot startup 10Lines raises €700,000 seed round

10Lines, the Estonian startup that develops autonomous parking lot and road marking robots, has raised a seed round of €700,000, led by early-stage VC Tera Ventures, with co-investment from US investor Perot Jain. 10Lines has developed technology for parking lot and road marking that will allow operators to replace the existing manual process with an ... Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 2 place · 06/28/2021 04:47 EDT

Swedish trademark platform Digip raises €2 million

Swedish trademark protection startup Digip has raised a €2 million funding round led by Industrifonden as it seeks to grow the business to a global level. “Almost all business across the world is moving into the digital arena to some extent and as a result, the likelihood of encountering brand misuse is skyrocketing. In fact, ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 06/27/2021 04:28 EDT

Visa pays 1.8 bln euros for Swedish fintech Tink

Visa said it has agreed to acquire Tink, a Swedish open banking platform, for 1.8 billion euros. Through a single API, Tink allows its customers to access aggregated financial data, use smart financial services such as risk insights and account verification and build personal finance management tools. Tink is integrated with more than 3,400 banks and financial ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 06/22/2021 05:11 EDT

Norway’s Memory raises $14 million to bring automatic time tracking to masses

Norwegian AI startup Memory, which builds software to help businesses make dramatically better use of their time, announced an investment of $14 million led by Melesio and Sanden, with participation from existing investors Investinor, Concentric and SNÖ Ventures. “Melesio and Sanden will fit perfectly into that mix; the speed and execution with which the team ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 06/21/2021 03:00 EDT

Iceland’s Frumtak Ventures launches new $57 million fund

Icelandic venture capital firm Frumtak Ventures announced its third fund, Frumtak III, a $57 million general fund focused on post-seed and Series A startups.  Frumtak is known for funding Nordic-born companies such as digital banking solutions provider Meniga, digital therapeutics scaleup Sidekick Health, Cold Chain as a Service logistics visibility and monitoring provider Controlant, travel CRM and travel booking system provider Kaptio, live ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 2 place · 06/20/2021 16:32 EDT

Estonia’s Ignium wraps 1 mln financing round

Ignium, which is building a digital capital market for small and medium-sized companies, has reached its financing target and wrapping its two-platform campaign at around 1 million euros in the coming days. “Although the public raise was made to respond to the request of users, we were still positively surprised to see such an interest,” ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 06/17/2021 13:40 EDT

Contract Mill raises €1 mln to tackle document automation

Finnish startup Contract Mill said it has raised over 1 million euros from Swiss investment company Actium AG, Veenay Shah, founder of HighQ, and other investors to further expand its operations in the UK and Europe. Contract Mill defines itself as a no-code document automation SaaS platform that is the first in the world to ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 2 place · 06/16/2021 17:10 EDT

Sweden’s Strike Pharma raises 10 mln crowns

Uppsala-based Strike Pharma, which is developing a new efficient cancer treatment, has raised a round of close to 10 million Swedish crowns from Almi Invest and private investors to fund the development of a first version of the drug. Strike Pharma has developed a completely new technology for a new individual-based cancer treatment, which, based ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 06/15/2021 16:30 EDT

Oslo’s SNÖ Ventures launches new $100 mln fund; signs up Peter Thiel

SNÖ Ventures, a Norwegian venture capital firm, launched a new fund targeting $100 million to invest in early-stage, high-growth Nordic tech companies with the potential to disrupt, create or capture large markets through transformative technology or solutions. Peter Thiel has also joined SNÖ as an investor and Strategic Partner and is accompanied by an international ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 2 place · 06/15/2021 14:33 EDT

Norwegian space startup tops crowdfunding target ahead of time

Trondheim-headquartered Orbital Machines, an inventor of a standardized electric propellant pump for space launch vehicles, has reached its minimum 300,000 euros target on Seedrs with two weeks of crowdfunding still remaining. “We are dependent on the equity crowdfunding campaign to respond to our customer traction. The campaign lasts for 14 more days, and as we overfund, more ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 3 place · 06/15/2021 14:09 EDT

Estonia’s Xolo raises €3.2 mln to tap into solopreneurship boom

Tallinn-headquartered Xolo, an online platform for launching and running one-person businesses in Europe, said it has launched its localized service in Spain, and plans to launch in five other countries in 2021-22, supported by additional 3.2 million euros it has raised this year. The pandemic has given rise to a boom in single-person startups, increasing ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 06/14/2021 04:12 EDT

Swedish e-bike startup Vässla raises $11 mln to launch renting club

Swedish e-bike maker Vässla said it has raised $11 million to finance the launch of its Vässla Club rental platform for individual users, delivery drivers, and businesses. The funding was led by Swedish investment group, Skabholmen Invest, which has backed companies including nautical clothing brand Henri-Lloyd and leading digital signage company, Zeta Display. Among other ... Read more ›

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ArcticStartup
Tarmo Virki @ ArcticStartup 1 place · 06/10/2021 10:16 EDT

World’s best impact startups for the city of the future  honoured with the Future Hamburg Award

The Future Hamburg Award 2021 was presented as part of a digital awards ceremony at the International Innovation Day by Plug and Play Hamburg. The winners of this year’s award are Breeze Technologies, traceless materials, and  Infinite Mobility. Based in Norway and Germany, these three impact startups convinced the  Future Hamburg Award’s expert jury with ... Read more ›

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