Latvia’s startup sector continues to punch above its weight, with high productivity and competitive wages underscoring its growing economic impact. According to the newly published Latvian Startup Report 2025 by the Latvian Startup Association Startin.LV, the country counted 569 active startups by the end of 2025, with the ecosystem generating €610.5 million in turnover in […] Read more ›
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Sweden’s NA-KD said it has raised 40 million euros from Ernström & Co and its existing shareholders for expansion to new markets and business areas. NA-KD saw its sales almost tripling in 2020 to 2 billion crowns from around 700 million a year before, and it almost reached full-year profitability. “In 2021, NA-KD will continue ... Read more ›
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Game On Mid Sweden, which is focused on building the games and digital entertainment industry in Västernorrland, in central Sweden, launched this week following a major investment from the EU, Region Västernorrland, Näringslivsbolaget Sundsvall, and Kramfors Kommun. Game On’s aims to build the necessary infrastructure that will facilitate the establishment of new jobs, companies, and ... Read more ›
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When a designer who created iconic logos for Instagram and Oculus recommends his clients to use young  Latvian startup for managing their brand visuals one has to ask – WHAT?! Corebook launched in February 2020 and already in the first month, it gained recognition for its concept and design in various international design forums. The ... Read more ›
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Denmark-based AI startup Abzu has announced a 5.8 million euro seed round led by Danish Seed Capital, Inventure, and PreSeed Ventures after Abzu has seen increased traction with several of the world’s largest pharmaceutical companies. “Abzu’s commercial traction in the pharmaceutical industry should put them on everybody’s radar as one of the most interesting deep ... Read more ›
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Recruitment software startup RecruitLab has raised 300,000 euros investment round from founders of Pipedrive and Superangel to expand to new markets and grow their team. The 2020-founded RecruitLab is a platform for applicant management and recruitment marketing tools, automating everything that can be automated in recruiting, saving on average 50% of the time spent on ... Read more ›
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CO2 removal startup Carbo Culture said it has raised a $6.2 million seed financing round led by True Ventures, co-led by Cherry Ventures with participation from Übermorgen Ventures and Adrian Bührer and a fleet of experienced angels and its early investors. “This marks a new stage for us, which means new resources into people, engineering, R&D and product development. ... Read more ›
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Swedish startup Klimato, which is developing a tool for restaurants to keep track of their climate impact, has raised 6.5 million Swedish crowns from Almi and private investors for product development and expansion. Klimato has developed a user-friendly and cost-effective tool that makes it possible for restaurants to calculate, monitor and communicate their climate impact. ... Read more ›
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Finnish early education concept, HEI Schools, has raised 2 million euro Series A round of financing, which was co-led by Practica Capital and Tesi, Finnish Industry Investment. The 2015-founded HEI Schools is offering a premium learning centre concept, an easy-to-use digital curriculum platform and pedagogical tools for educational operators and teachers outside of Finland to ... Read more ›
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Latest ArcticStartup post on LinkedIn has been seen by 2,970 people and it has had 72 reactions at the moment of writing this. In early 2021 the numbers were often 10-fold smaller. What happened? When our CEO Jan told me that logically Arctic’s main social media channel should be LinkedIn I checked the numbers and ... Read more ›
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Tera Ventures said it has closed its new fund for seed-stage investments in the Nordic and Baltic area at 43 million euros. Tera is an early-stage venture capital firm with more than 10 years of experience. It has invested in several prominent European startups, including the UK-based fntech Monese, business management software Scoro, proptech platform ... Read more ›
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Estonia’s Veriff, a global identity verification provider, said that it has secured $69 million in Series B financing in a round led by investment firms IVP and Accel. This latest investment brings Veriff’s total secured funding to date to $92.8 million. Jules Maltz of IVP and Matt Weigand of Accel will also join Veriff’s Board ... Read more ›
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Norway-based online grocery store Kolonial.no raised 223 million euros this week and said it would rename itself as Oda as it starts to expand its services to Finland and Germany. Oda, whose mission is to be the most effective online grocer in the world, is today Norway’s largest online grocery business with 70% market share, ... Read more ›
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The amount invested in Finland by international venture capital investors has increased ninefold in less than ten years, and make in total over half of the investments, a study of Finnish Venture Capital Association showed. “The Finnish startup ecosystem has been developed ambitiously, and it shows in the results: The total amount of funding received ... Read more ›
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U.S. women health firm Hologic said has signed a definitive agreement to acquire privately-held Mobidiag Oy in a deal that values the Finnish-French developer of innovative molecular diagnostic tests and instrumentation at $795 million. The deal value includes a cash payment of approximately $714 million (€600 million) for Mobidiag’s equity and net debt of approximately ... Read more ›
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X Shore said it raised a $17 million investment round from a group of investors led by technology holding firm Team Europe to increase production and expand further in the United States. “X Shore is a perfect partner for our multi-modal electromobility approach. Our common aim is to create a global leader and a large ... Read more ›
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Linköping-headquartered co-working space DOSPACE, which offers flexible office space in medium-sized cities around Sweden, has raised 7.8 million crowns from Almi and private investors to expand in both, existing and new locations, further develop the product and increase growth potential. The pandemic and the emerging gig economy have led to a significant increase in demand ... Read more ›
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Helen Venture’s said it took park in 5.25-million euro Series A investment round of Berlin-based LiveEO, an Earth Observation asset monitoring startup, alongside several other investment firms. The funding round strengthens LiveEO’s sales development and expansion into new markets. LiveEO analyzes satellite imagery with artificial intelligence to monitor infrastructure grids such as railways, electricity grids ... Read more ›
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Sweden’s Ally Medical, which offers a digital platform for doctor visits at home, has raised 18.5 million crowns investment round from investors, including Almi, Brightly and Palmstierna Invest, to grow the existing business, expand to new cities and launch more services. Ally collaborates with health centres and acts as a mix between a health centre ... Read more ›
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Tallinn-based Respiray, that announced the release of its novel wearable air purifier last month, has started shipping its product which UV-C light modules that disinfect 99% of inhalable air. The first batch of one thousand devices will be delivered during April to the Estonian education ministry, several large local corporations and to private customers in ... Read more ›
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Estonian startup Bidrento said it has raised an undisclosed investment from the founders of Pipedrive for expansion of its rental property management platform in Central Europe. The round was led by Timo Rein and Urmas Purde, founders of the sales management software company Pipedrive, and joined by Peep Vain, Taavi Kotka, Ivo Mägi and other ... Read more ›
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12.03.2026 15:43
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