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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Stockholm-based legaltech startup Leya has successfully secured $10.5 million in a seed funding round led by Benchmark, with additional investments from Hummingbird, SV Angel, and Y-Combinator. Leya develops an AI assistant that integrates into lawyers’ workflows to handle routine knowledge tasks, providing precise legal data and references, and allowing legal professionals to focus on strategic, […] Read more ›
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Gympak, the innovative clothing and tech company based in Helsingborg, is ramping up its presence in the Nordic region by partnering with Global Sales House and appointing Joachim Svensson as Sales Director. This strategic move aims to enhance Gympak’s reach in the hotel, spa, and resort industries while accelerating product innovation. Svensson, bringing a wealth […] Read more ›
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Cellbox Labs, a biotechnology startup based in Riga, Latvia, has recently secured €935,000 in pre-seed funding to advance its organs-on-a-chip technology for drug development. This investment round, led by Buildit and supported by the Latvian Business Angel Network, underscores the growing interest in Cellbox Labs’ innovative approach. Organs-on-a-chip are miniature replicas of human organs that […] Read more ›
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Tallinn-based medtech startup Nanordica Medical has secured €1.75 million in funding to bring its pioneering wound care products to market. Led by Specialist VC with participation from Superangel and Amalfi, the investment will support the launch of Nanordica’s advanced antibacterial dressings, designed to treat severe wounds more effectively. Combining copper and silver nanoparticles, their solution […] Read more ›
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Gorilla Capital has announced a strategic investment in BeiZ Oy, the developer of Lola Panda educational games for children. With over 40 million downloads in ten language areas, Lola Panda games help children learn to read, count, and solve problems in an engaging way. This investment will support the development of Lola World, a new […] Read more ›
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ArgusEye, a Stockholm-based innovator in sensor solutions for real-time monitoring of biological systems, has raised €2.8 million in funding co-led by Voima Ventures and Eir Ventures. This brings the company’s total funding to €3.45 million. The investment will support the development of ArgusEye’s Auga sensor system platform, which aims to enhance bioprocessing workflows from early […] Read more ›
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AM Craft, a Riga-based EASA-authorized aviation supplier, has raised €600K in a pre-seed funding round led by Change Ventures, with participation from BadIdeas.Fund. Leveraging their expertise in polymer additive manufacturing, AM Craft addresses the gap in the market for certified 3D-printed parts. They have launched their first network manufacturing hub in Dubai, in partnership with […] Read more ›
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Tampere Startup Hub Oy has appointed Tuomas Hirvonen as its new CEO. Bringing considerable experience in regional business and a track record of modernizing municipal operations, Hirvonen is poised to invigorate the startup ecosystem in Pirkanmaa. His appointment signals a strategic pivot towards fostering collaboration among ecosystem stakeholders to enhance the region’s appeal to startups […] Read more ›
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Melhus-based edtech Daxap has raised €345.9K (4.05M NOK) in funding, exceeding its goal by €85.4K (1M NOK). The investment was led by Limex Ventures from the U.S., with additional support from Lectus AS in Norway and a group of angel investors from North America. Daxap focuses on the IT and SaaS sectors, aiming to simplify […] Read more ›
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Stockholm-based Grasp, an AI assistant for investment banks and management consultants, has secured €1.7 million in funding from investors Yanno Capital and Philian Invest, giving them a combined ownership stake of nearly 13%. This funding will help Grasp enhance its AI platform and expand its global presence. Grasp’s platform uses advanced AI and language models […] Read more ›
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Stockholm-based Norrsken VC has closed its second fund at €320 million, exceeding its initial target of €250 million. The fund is backed by a range of investors, including institutional investors like Folksam, AP1, and the European Investment Fund (EIF), as well as others such as Credit Suisse, BMW, and Nordea. Specializing in impact investing, Norrsken […] Read more ›
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NIL Technology (NILT), a Copenhagen-based flat optics company, has secured €29 million in funding from investors such as the Export & Investment Fund of Denmark (EIFO), Jolt Capital, NGP Capital, and Swisscanto Private Equity. Established in 2006, NILT specializes in advanced nanostructures, particularly in nanostructured flat optics (meta-optics). The funding will support NILT’s efforts to […] Read more ›
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Liledu, an educational toy subscription service from Vilnius, Lithuania, has raised €500K in funding led by FIRSTPICK, with support from Heartfelt_, BADideas, and angel investors. The company focuses on sustainability in the toy industry, offering a subscription model for expertly designed toy sets that grow with the child, reducing waste and promoting eco-friendly play and […] Read more ›
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Commit Biologics, an Aarhus-based company, has secured €16 million in seed funding led by Bioqube Ventures and Novo Holdings. The company specializes in activating the complement system, a part of the immune system, to treat cancer and autoimmune diseases. Their unique Bispecific Complement Engaging (BiCE™) platform utilizes single domain antibodies to bind to the complement […] Read more ›
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Electricity Maps, a Copenhagen-based climate-tech startup, recently secured €5 million in funding from climate-focused funds Transition and Revent. The company specializes in accelerating the data-driven decarbonization of the electricity grid by providing a platform that enables businesses to align their electricity consumption with clean energy availability in real-time. The funding will be used to scale […] Read more ›
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Established in Lithuania, TransferGo has secured a $10 million investment from Taiwania Capital Management. The company provides financial services aimed at creating a fairer world for global citizens, delivering nearly 90% of transactions instantly, 24/7, and at a market-leading gross margin of 80%. They have a TrustPilot score of 4.7/5 and have surpassed 7 million […] Read more ›
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OceanPass, a Copenhagen-based maritime tech company specializing in emissions reporting for the maritime industry, has been acquired by maritime navigation software company Weilbach, with Weilbach purchasing a 51% stake in the startup. This acquisition will lead to the integration of OceanPass’s emissions reporting system into Weilbach’s OneLog digital logbook offering. As a result, ship operators […] Read more ›
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Stockholm-based Resolution Games has promoted Johan Gästrin to Chief Technology Officer, recognizing his expertise and 25 years of experience in the tech industry. Previously the Head of Technology at Resolution Games, Gästrin has a background in games and product development, having worked with companies like King and H&M. In his new role, he will lead […] Read more ›
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Vexlum, a spin-off from the Optoelectronics Research Centre (ORC), Tampere University of Technology, has received a €2.4 million grant from the European Innovation Council (EIC) to further develop its semiconductor laser platform for quantum technology applications. This platform is aimed at advancing quantum computers and ultra-high precision optical atomic clocks. The funding will support the […] Read more ›
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Huntli, a Riga-based regtech firm specializing in transaction monitoring and fraud prevention, has entered a partnership with Payall, a cross-border payments infrastructure provider. The collaboration aims to enhance fraud prevention capabilities and automate compliance tasks for financial institutions, including banks, central banks, and EMIs. Huntli, known for its expertise in safeguarding transactions, will contribute its […] Read more ›
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Tech Wire Asia
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9% 4 |
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Tom's Hardware
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27.11.2024 18:41
Last update: 18:31 EDT.
News rating updated: 01:31.
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