Lemonado, Stockholm-founded no-code platform empowering businesses to build custom business apps, has secured $1.4 million in seed funding. The round was led by node.vc, with participation from Zendesk co-founder Alexander Aghassipour and Nordic Makers. Lemonado, founded by early Trustly team members, aims to help non-developers automate workflows and streamline business processes using AI-powered tools. The […] Read more ›
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Stockholm-based startup Arkion, previously known as Skyqraft, has successfully raised $4 million to enhance its AI-driven software designed for inspecting overhead power lines. This Stockholm-based company is on a mission to transform the energy sector by providing innovative solutions for power grid maintenance and management. The recent funding round was spearheaded by Subvenio Invest, with […] Read more ›
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Copenhagen-based Dynelectro has successfully raised €11 million to advance its 1-MW Dynamic Electrolyser Unit (DEU) technology, aimed at accelerating the green hydrogen economy. The funding round saw participation from prominent investors such as Denmark’s Export & Import Fund Organisation (EIFO), Yara Growth Ventures, Vsquared Ventures, PSV DeepTech, The Footprint Firm. Additionally, Dynelectro secured €9 million […] Read more ›
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Granta Autonomy, a Vilnius-based startup specializing in fully autonomous UAVs for intelligence, surveillance, and reconnaissance missions, has raised €1 million in a seed funding round led by ScaleWolf VC, with participation from Brolis Defence and HFL Holdings. The funding will accelerate the development and production of their cutting-edge lightweight surveillance UAVs, micro gimbals, and digital […] Read more ›
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Greencode Ventures, a prominent pan-European venture capital firm specializing in green transition solutions, has co-led a $3 million investment in ZeroMission, a leading provider of electric vehicle (EV) fleet management software. This funding round also saw participation from Delta Partners, Vireo Ventures, and notable angel investors. Founded in 2023, Greencode Ventures focuses on rapidly scaling […] Read more ›
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Silo AI, based in Helsinki, has been acquired by AMD for $665 million in cash. Known for its end-to-end AI-driven solutions, Silo AI has collaborated with major clients such as Allianz, Philips, and Rolls-Royce to seamlessly integrate AI into their operations. This acquisition will bolster AMD’s enterprise AI solutions by harnessing Silo AI’s expertise in […] Read more ›
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Frumtak Ventures, the Icelandic early-stage investor, has successfully closed its $87M fourth fund, Frumtak IV, exceeding its target in an oversubscribed round. This latest fund follows the $57M Frumtak III launched in 2021. Frumtak Ventures is known for its focused investment strategy, supporting entrepreneurs tackling real-world problems with advanced technologies. The fund remains sector-agnostic but […] Read more ›
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Bear Room, a Vilnius-based innovative mobile app offering immediate stress relief through unconventional methods, has recently secured a significant funding round. Developed by Lithuania-based Impact Venture Studio DŌBRA, Bear Room is designed to provide quick and effective stress relief using techniques like EMDR, vocal practices, tapping, and breathwork. Since its soft launch, the app has […] Read more ›
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Stockholm-based AI video pioneer Phyron has secured an eight-figure euro Series B investment led by Vienna-based Round2 Capital, with significant backing from automotive retail giant Peter Vardy. This funding will fuel Phyron’s growth, enabling expansion into new markets, particularly the U.S., and further development of its AI technology. Phyron’s platform automates the creation of product […] Read more ›
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Sensorita, an Oslo-based startup specializing in advanced waste management technology, has secured $3.25 million in seed funding. The round was led by Brick & Mortar Ventures, renowned for its focus on construction technology, with participation from Telenor, a major telecommunications player. Led by CEO Ulrikke Lien, Sensorita leverages AI-driven digital twin and radar sensor technology […] Read more ›
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Stockholm-based insurtech firm Lumera has acquired ITM, a prominent provider of data management and technology solutions in the UK Life and Pensions markets. This strategic move, Lumera’s largest acquisition to date, aims to leverage ITM’s extensive client base and specialized expertise to strengthen its presence in the UK Policy Administration Systems (PAS) market. With ITM […] Read more ›
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Canatu Oy is set to become a publicly listed company, Canatu Plc, through a share exchange agreement with Lifeline SPAC I Plc. Pending approval at Lifeline SPAC I’s Extraordinary General Meeting, Canatu will apply for listing on the Nasdaq First North Growth Market Finland by September 2024. After the completion, the combined company will be […] Read more ›
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FreeBnk, a Lithuanian blockchain-based fintech company, has announced the successful completion of a $3 million funding round. This investment was led by Founderheads, with participation from several other key investors in the fintech space including ChaiTech Ventures, LVT Capital, and Lavender Capital. FreeBnk aims to use this funding to enhance its user interface and app experience, particularly […] Read more ›
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Kvantify, a Copenhagen-based quantum software startup, has successfully closed a €10 million seed round. This funding will enable the startup to strengthen its position as a global leader in quantum computing, focusing initially on life sciences applications. The round is led by Danish VC Dreamcraft, alongside biotech investor Lundbeckfonden BioCapital and the private investment company […] Read more ›
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A recent study by Tesi (Finnish Industry Investment) reveals that Finland is steadily increasing its number of cleantech growth companies and that these companies show promising growth rates. Financing availability for the early stages of these companies is fairly good, but there is cause for concern about financing for their later-stage growth. Less than 15% […] Read more ›
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Steep, Stockholm-based data analytics platform, has successfully raised €4 million in a recent seed funding round led by Connect Ventures. Existing investors Inventure, Alliance VC, Antler, and Greens Ventures also participated in this funding round, reflecting strong confidence in Steep’s vision and growth potential. The newly secured funds will primarily be allocated towards accelerating product […] Read more ›
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Trondheim-based AI startup Versiro has raised €2.34 million in an oversubscribed private placement, valuing the company at €10.5 million. The funding round was led by Alliance VC, with participation from Sondo Capital, former E.ON CEO Johannes Teyssen, Hans Geelmuyden, Superside founder Fredrik Thomassen, and Enode founders Henrik Langeland and Nikolai Heum. Versiro plans to use […] Read more ›
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eAgronom, a Tallinn-based agriculture-focused climate tech company aiding farmers in sustainable practices, has secured €10 million in its Series A2 equity round. This funding includes €4.2 million from last year’s booster round, converted into equity, and an additional €5.8 million raised this year. Swedbank AB led the round with a €4 million investment, joined by […] Read more ›
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Cluby, a Helsinki-based startup providing a digital platform for restaurants to connect with their customers, has raised €2.9M in a seed funding round. The investment came from Vendep Capital, Cluby co-founder Pekka Koskinen, and Wolt co-founder Elias Aalto. With this funding, Cluby intends to expand its services throughout Europe, aiming to help restaurants convert casual […] Read more ›
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Skillhabit, a Swedish startup renowned for its AI-driven learning platform, has been acquired by TicTac Group, marking a significant development in the digital learning landscape. This strategic acquisition aligns with TicTac Group’s mission to lead the European market in innovative learning solutions. Founded in 2020 by Hellen Wohlin Lidgard and David Rejdemyhr, Skillhabit has swiftly […] Read more ›
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Business Insider
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Tech Wire Asia
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7% 1 |
Eurogamer.net
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7% 1 |
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27.11.2024 15:32
Last update: 15:26 EDT.
News rating updated: 22:20.
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