Vilnius-based isLucid has completed its pre-seed funding round, with €265,000 contributed by Coinvest Capital alongside investments from Business Angels Fund, Katalista Ventures, Agmis, and other angel investors. The funding will support isLucid’s expansion into Scandinavian and non-English-speaking markets and further development of its AI-powered platform for contact centers. The company’s tools analyze customer interactions, assist […] Read more ›
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Oslo-based AI startup Iris.ai has successfully raised €7.64 million in a Series A funding round, bringing its total funding to €16 million. This latest investment, led by Silverline Partners and supported by the EIC Accelerator, will propel the company’s mission to streamline scientific research processing through its advanced AI language models. Iris.ai’s innovative platform addresses […] Read more ›
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AMLYZE, a Vilnius-based RegTech, has announced a strategic partnership with Stockholm-based fintech Aura Cloud. AMLYZE offers advanced anti-financial crime solutions for financial institutions, while Aura Cloud provides a next-gen AI digital banking platform to enhance financial services. This collaboration aims to enhance the fight against financial crime by leveraging AMLYZE’s advanced transaction monitoring and customer […] Read more ›
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Digmi, a tech company known for its innovations in the beauty and hair care industry, has named Jon Berglund as its new CEO. Berglund, the founder of Yaytrade, brings over 15 years of experience in senior positions within the tech and entrepreneurial sectors. He is expected to lead Digmi’s strategic planning and business development efforts. […] Read more ›
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Unmanned Defense Systems (UDS), a Vilnius-based advanced swarm detection company, has raised €3.2 million to scale its battlefield-tested UAVs and enhance AI-driven swarm integrations with modern battlefield management systems. The funding round includes €1.1 million personally contributed by Vytenis Buzas, creator of Lithuania’s first satellite, and Ernestas Kalabuckas, “Lithuanian CTO of the Year 2022”. Coinvest […] Read more ›
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Forte, a Finland-based AI startup and the creator of “Professional Life AI”, is thrilled to welcome Markus Räikkönen as its new CEO. With a strong background in working with international tech companies and previous experience from the VC industry, Räikkönen brings a global perspective and Silicon Valley mindset to the company. His expertise will be of […] Read more ›
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Järvenpää-based materials technology startup Fiberwood has secured €7.7 million in growth funding from existing investors Metsä Spring and Stephen Industries, alongside public financiers. Founded in 2019, Fiberwood is on the brink of entering its commercial phase, aiming for international expansion. The company specializes in producing sustainable insulation and packaging materials from forestry side streams and […] Read more ›
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The newly released Baltic Deep Tech Report, unveiled at the Latitude59 startup conference, showcases the remarkable growth of the region’s Deep Tech, AI, and Climate Tech sectors. Co-authored by dealroom.co and Iron Wolf Capital, with contributions from Startup Estonia, Commercialization Reactor, and WALLESS, the report highlights a dynamic landscape with a substantial increase in investment […] Read more ›
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Aerit, a Stockholm-based pioneer in drone technology for last-mile deliveries, has filed for bankruptcy due to funding challenges amidst a difficult economic climate. Known for its advanced proprietary drone hardware and software, Aerit aimed to revolutionize delivery services by offering efficient and eco-friendly solutions. With bankruptcy proceedings underway, the company’s assets, including its innovative drone […] Read more ›
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Espoo-based mycoprotein company Enifer has secured €36M in funding to build a €33M factory in Kirkkonummi, Finland, to produce its sustainable PEKILO® fungi-based protein. The funding round includes €15M from Taaleri Bioindustry Fund I, Nordic Foodtech VC, Voima Ventures, Valio, and Laine Holding, along with a €7M loan from the Finnish Climate Fund and a […] Read more ›
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FinestLove VC has launched a 10 million euro fund to support high school and university student startups in the Finest Bay Area, aiming to nurture the next generation of founders. Led by General Partners Peter Vesterbacka and Kustaa Valtonen, the fund plans to launch 100 funds totaling 1 billion euros. Initial investments will range from […] Read more ›
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Tallinn-based CARÁ Health, a comprehensive health and wellness resource supporting women throughout maternity, has raised €620k in a seed funding round led by Tera Ventures, with participation from Startup Istanbul founder Burak Büyükdemir via StartupIst Ventures. This funding brings their total raised to €750k. CARÁ Health provides evidence-based information, curated product suggestions, podcasts, masterclasses, and […] Read more ›
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Vilnius-based Evergrowth has merged with Apolo Mktng. Evergrowth specializes in AI-driven B2B sales solutions, while Apolo focuses on AI-powered personalized marketing. The merger aims to integrate Apolo’s advanced AI technologies into Evergrowth’s platform, enhancing their ability to deliver personalized, data-driven sales strategies. This combined expertise positions them to lead the market in AI-powered sales and […] Read more ›
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Kuva Space, a Helsinki-based hyperspectral satellite and AI-powered insights company, has appointed André Parris as its new Global Head of Business Development. With a distinguished background in geospatial business development at Bloomberg, Planet Labs, and Descartes, Parris brings a wealth of experience to Kuva Space. His expertise will be pivotal in accelerating the commercialization of […] Read more ›
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Reactive Technologies, a London and Oulu-based company, has raised £25 million in a Series D funding round led by M&G’s Catalyst investment, with contributions from BGF and Breakthrough Energy Ventures. The company specializes in grid stability measurements through its GridMetrix® technology, which provides real-time monitoring to enhance grid stability and reduce renewable energy curtailment. The […] Read more ›
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Søborg-based biotech startup Cellugy has secured €4.9M in seed funding from leading investors including ICIG Ventures, Unconventional Ventures, Joyance Partners, PSV DeepTech, The Footprint Firm, and EIFO. Cellugy specializes in developing natural, biofabricated cellulose-based solutions to replace fossil-based materials in various industries. The funding will be used to scale up production of their EcoFLEXY dry […] Read more ›
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Arctic15 is fast becoming a pivotal event in the startup ecosystem, serving as a launchpad for innovative ventures to secure growth opportunities. Each event brings together a valuable crowd united by a common goal: fostering innovation and supporting emerging technologies. Investors benefit from discovering nascent startups that have yet to gain significant visibility, as well […] Read more ›
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Stockholm-based AI startup QA.tech has raised €3 million in a seed round led by PROfounders, with participation from Curiosity and byFounders, along with angel investors Mads Johnsen, Jon Åslund, Robert Lagerström, Sven Perkmann, and Jens Saltin. QA.tech, founded in 2023, develops AI-based testing tools for applications and SaaS services, automating tasks traditionally performed manually. The […] Read more ›
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Pixevia, an AI retail technology company based in Vilnius, Lithuania, has raised €1.5 million in a funding round. The investment includes contributions from Coinvest Capital, Omni Commerce Ventures, Rita Sakus, Iron Wolf Capital, Open Circle Capital, Vladas Lašas, and Renaldas Zioma. Pixevia, known for its AI-driven, cashier-less checkout technology and real-time receipt system, will use […] Read more ›
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Tallinn-based EV charging startup VOOL has secured €300,000 in funding from Alexela, an energy company founded in 1990. This investment will support VOOL’s infrastructural and technological growth as it develops comprehensive EV charging solutions, including hardware and software. VOOL’s software allows for cost-effective charging based on power market pricing, making the transition to electric vehicles […] Read more ›
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Tallinn-based Zero Terrain has partnered with the Estonian government to develop Estonia’s first pumped-hydro energy storage project, a key initiative in Estonia’s renewable energy strategy. The partnership, formalized through a Memorandum of Understanding (MoU), aims to address market challenges and secure funding for the innovative Zero Terrain Paldiski 500MW underground long-duration energy storage plant. The […] Read more ›
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27.11.2024 18:34
Last update: 18:12 EDT.
News rating updated: 01:20.
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