Danish impact startup Contribe has raised an additional $500,000 in an extension of its pre-seed round, bringing total funding to $1.5 million. Backed by Rockstart, Human Act Development, and Better Future Fund, the company develops software that allows online stores to integrate charitable donations into the checkout process. The approach aims to align consumer purchasing […] Read more ›
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Copenhagen-based Evertrace has acquired Berlin startup Morphais to expand its data capabilities in identifying early-stage founders. Evertrace develops infrastructure that aggregates signals from sources like company registries, patents, and GitHub to help investors detect emerging entrepreneurs. Morphais applies quantitative and behavioural data models to surface high-potential founders and startups for VCs, corporates, and angels. The […] Read more ›
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Stockholm-based Legora has raised $150 million in Series C funding aat a $1.8 billion valuation, making it the latest legaltech unicorn. The round was led by Bessemer Venture Partners with participation from ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator. The company develops an AI platform used by law firms and in-house legal teams […] Read more ›
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Reykjavik-based AI planning software company PLAIO has formed a strategic partnership with Sikich to advance data-driven supply chain capabilities for pharmaceutical manufacturers. For PLAIO, the partnership extends its reach into established enterprise environments, where integration and scalability are key barriers to modernisation. Together, the two companies aim to enable life sciences clients to unify planning […] Read more ›
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Copenhagen-based Formalize has raised €30 million in Series B funding to expand its compliance software across Europe. The round was co-led by Acton Capital and BlackFin Tech, with participation from West Hill Capital and CIBC Innovation Banking. Formalize develops a governance, risk, and compliance platform that helps small and mid-sized enterprises manage evolving EU regulations […] Read more ›
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Finnish industrial technology company SpinDrive has raised growth funding led by Rhapsody Venture Partners and Innovestor to expand its presence in the United States and launch a new product line. The company develops active magnetic bearing (AMB) systems that use magnetic levitation instead of mechanical contact to reduce friction and eliminate the need for oil-based […] Read more ›
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Stockholm-based AI startup Grasp has raised $7 million in Series A funding, led by Octopus Ventures with participation from Yanno Capital, to support its international growth and product development. Founded in 2020 by former McKinsey consultants Richard Karlsson and Johan Devér, and former Ericsson AI engineer Simon Hällqvist, the company builds multi-agent AI systems designed […] Read more ›
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Riga-based Desktop Commander has raised €1.1 million in pre-seed funding led by 42CAP, with participation from BADideas Fund. The company develops an open-source tool that allows artificial intelligence to interact directly with a user’s computer through the Model Context Protocol (MCP), enabling it to manage files, operate the terminal, and execute code based on plain […] Read more ›
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Lund-based Lithea AB has raised €852K (SEK 9.3 million) in a directed share issue from existing investors to continue the preclinical development of its lead candidate, LIT1001. The company is developing a localised drug delivery system designed to release chemotherapy directly into tumours, initially targeting osteosarcoma, a rare bone cancer that mainly affects children. The […] Read more ›
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Swedish biotech company Cellcolabs has secured $12 million in funding from Titian Capital’s life sciences arm, bringing its total raised capital to $37 million. Cellcolabs develops large-scale production methods for Mesenchymal Stem Cells (MSCs) used in medical research and clinical applications. The company plans to use the new funds to advance its technical capabilities and […] Read more ›
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Finnish bio-based materials company Innomost has named Niko Mellanen as its new Chief Sales Officer. The company develops bio-based alternatives from upcycled birch bark, aiming to replace certain fossil-based components in coatings and packaging. Mellanen has more than 20 years of experience in the paper, board, and packaging sectors, including positions at Stora Enso and […] Read more ›
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Oslo-based Riff, formerly Databutton, has raised $16 nillion in a Series A led by Northzone, bringing its total funding to $21 million. The vibe coding platform helps business teams build and launch production-ready AI applications using starter apps, templates, and expert guidance, aiming to tackle the high failure rate of enterprise AI initiatives. Existing investors […] Read more ›
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The Nordics continue to defy expectations. While much has been written about the challenges facing the welfare state across the region, we often overlook one of its most powerful by-products: a deeply ingrained culture of learning and scientific curiosity. These systems, though frequently criticised, have created an environment where those who want to explore, question, […] Read more ›
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Lund-based deeptech startup Cytely has raised €3 million in a round led by Ugly Duckling Ventures, with participation from existing investor Icebreaker.vc, to expand access to its smart-microscopy platform. Cytely turns ordinary microscopes into real-time data engines, eliminating manual bottlenecks and allowing labs to generate statistically powered results in minutes instead of months. Already adopted […] Read more ›
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Tallinn-based Yaga, the pre-loved fashion marketplace, has raised €4 million in a pre-Series A round led by Specialist VC, with support from H&M Group Ventures, Trind Ventures, Startup Wise Guys, and a network of angel investors. Yaga enables users to buy and sell second-hand fashion through a secure, app-based platform that combines escrow-protected payments with […] Read more ›
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Stockholm-based EdTech startup Magma Math has raised $10 million in a funding round from existing investor Five Elms Capital. The company provides an AI-driven platform for K-12 classrooms, designed to support teachers in implementing math instruction and assessing student understanding. The new funding will be used to further develop the platform’s AI capabilities, expand the […] Read more ›
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Vilnius-based nexos.ai has raised €30 million in Series A funding to address security and governance challenges in enterprise AI adoption. The round was co-led by Evantic Capital, founded by former Sequoia partner Matt Miller, and Index Ventures, with participation from Creandum, Dig Ventures, and several angel investors. Founded by the creators of Nord Security, nexos.ai […] Read more ›
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Copenhagen-based Scaleup Finance has raised £3 million from a syndicate of European investors including Mainset, Circlerock, North Ventures, Crowberry, Inveready, and SeedX, along with angel investor Dan Cobley, former Managing Director of Google UK. The company, which has provided CFO-as-a-Service to over 500 startups across Europe, is launching Nume, an AI tool that performs key […] Read more ›
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Copenhagen-based food tech startup MATR Foods has raised €40 million in a mix of equity and venture debt to scale up production and bring its organic, fungi-fermented meat alternatives to new markets. The round—Denmark’s largest food tech fundraise to date—was co-led by Novo Holdings and the Export and Investment Fund of Denmark (EIFO), with additional […] Read more ›
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Helsinki-based venture capital firm Lifeline Ventures has announced Fund VI, a €400 million vehicle aimed at supporting early-stage European startups. The firm, an early backer of companies such as Supercell, Wolt, Oura, ICEYE, and Aiven, will use the fund to continue investing from the seed stage through to later growth rounds. The launch of Fund […] Read more ›
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21.07.2026 17:52
Last update: 17:40 EDT.
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