Copenhagen-based venture capital firm 55 North has announced the first close of its €300 million quantum technology fund, raising €134 million from anchor investors Novo Holdings and EIFO. The fund, described as the largest dedicated quantum VC to date, will invest across the quantum ecosystem — including computing, sensing, and communication technologies — at various […] Read more ›
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Katana, the Tallinn-based cloud-native inventory management platform for SMBs, has raised a €14 million extension to its Series B round, led by Cogito Capital Partners and joined by Benchmark’s Peter Fenton. The company, trusted by over 1,500 businesses across 70 countries, has tripled revenue since its 2022 Series B and will use the new funding […] Read more ›
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Luna Robotics, a Kaunas-based defense technology company, has raised €1.08 million from Coinvest Capital, Plug & Play EMEA Ventures GmbH, and several international angel investors. The company develops tactical FPV drone cameras used in military operations and plans to allocate the new funds to expand production and strengthen distribution networks in European and U.S. markets. […] Read more ›
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Stockholm-based freight technology company Einride has raised $100 million from a mix of existing and new investors, including EQT Ventures and a US-based global asset management firm. The funding is intended to support the company’s expansion of autonomous and electric freight operations, technology development, and deployment of its Saga planning platform. Founded in 2016, Einride […] Read more ›
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Icelandic energy technology company SnerpaPower has signed a long-term agreement with Norðurál, one of Europe’s largest aluminum producers, to provide advanced energy management and flexibility services. Under the partnership, SnerpaPower’s software will help optimize Norðurál’s power use and automate scheduling in line with contractual and grid requirements. The deal makes Norðurál SnerpaPower’s largest customer to […] Read more ›
2
Blykalla, evroc, and Studsvik have signed a memorandum of understanding to examine the feasibility of developing Sweden’s first nuclear-powered data centers at Studsvik’s licensed nuclear site in Nyköping. Blykalla develops lead-cooled small modular reactors (SMRs) aimed at providing stable, low-carbon energy; evroc is building large-scale cloud and AI infrastructure across Europe; and Studsvik operates a […] Read more ›
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Holberg EEG, a Bergen-based spin-off from Haukeland University Hospital, has been fully acquired by Natus Medical, a U.S.-headquartered neurodiagnostics company. Founded in 2009, Holberg developed autoSCORE, the first AI model designed for automatic and comprehensive EEG interpretation, which received FDA clearance and a CE mark in 2024. With Natus already holding a majority stake, this […] Read more ›
2
Spotify is set for a major leadership transition as Founder Daniel Ek moves into the role of Executive Chairman, with longtime executives Gustav Söderström and Alex Norström stepping up as co-CEOs beginning January 2026. Söderström, Spotify’s co-President and Chief Product and Technology Officer, and Norström, co-President and Chief Business Officer, each bring more than 15 […] Read more ›
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Modal, the AI-native infrastructure startup, has closed an $87 million Series B round led by Lux Capital, with participation from existing investors, bringing its total funding to $111 million and post-money valuation to $1.1 billion. The company provides a global, code-first compute platform designed specifically for AI workloads, offering instant access to pooled GPUs and […] Read more ›
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Stockholm-based Blykalla has formed a partnership with U.S. developer Oklo to advance their work on small modular fast reactors. The agreement covers joint research, component sourcing, and regulatory coordination, while also bringing a $5 million investment from Oklo into Blykalla’s current funding round. For Blykalla, the collaboration is intended to lower costs, improve access to […] Read more ›
2
Joiner, a Vilnius-based social platform, has raised €500,000 in an angel round, bringing total funding to €1.2 million. The app, which has 40,000 downloads and about 1,500 daily active users in the Baltics and Poland, connects people through group activities and events. The company plans to use the new capital to improve product stability, test […] Read more ›
0
Tallinn-based Sera AI has raised a €1.5 million seed round to expand internationally. The round was led by Maki VC, with participation from Specialist VC, Ready Player Me co-founder Kaspar Tiri, and Bolt founder Markus Villig. Sera develops an AI-powered sales agent designed to automate prospecting, research, and personalized outreach, aiming to reduce repetitive tasks […] Read more ›
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Helsinki-based biotech company Volare has appointed Benjamin Armenjon as Chief Commercial Officer and Antti Åke as Chief Operating Officer. Armenjon, who holds a PhD in Food Science, previously spent ten years at Ÿnsect, most recently as CCO. Åke has experience leading industrial operations at Bayer, Covestro, and WasteWise Group. Volare develops technology to convert food […] Read more ›
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Gothenburg-based startup Cetasol has closed a €2.3 million seed funding round, led by BackingMinds and Shift4Good, with participation from existing investor Sarsia. The company develops iHelm, an AI-driven decision support platform aimed at helping small- and mid-sized vessels optimize fuel use and reduce emissions. The new funding will be used to expand commercial operations, grow […] Read more ›
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Stockholm-based startup Hedda has secured €1.5 million in pre-seed funding to develop its AI platform for bid writing. The round was backed by Zenith Venture Capital, Antler, and Wave Ventures. Hedda’s platform is designed to automate parts of the bid writing process and streamline collaboration for teams working on procurement tenders. With public procurement in […] Read more ›
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BeeSpeaker, a Poland- and Sweden-based language learning startup, has raised €2 million in seed funding. The round was led by Movens Capital, with SpeedUp Venture Capital and several angel investors participating. Founded in 2022, the company focuses on helping users practice spoken language through AI-driven video tutors and conversational exercises. BeeSpeaker reports 60,000 paying users […] Read more ›
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Copenhagen-based AI-native finance startup Light has secured $30 million in Series A funding led by Balderton Capital, with participation from Atomico, Cherry Ventures, Seedcamp, Entrée Capital, and angels including Thomas Wolf (Hugging Face) and Charles Songhurst (Meta). Light replaces legacy ERPs with a platform designed from the ground up for hypergrowth companies, automating multi-entity accounting, […] Read more ›
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Evertrace has acquired Danish startup Seedpoint, marking its second deal in as many weeks following the purchase of Whisper AI. Seedpoint developed technology designed to identify emerging founders at an earlier stage, with a strong focus on data infrastructure. The acquisition will see Seedpoint’s technology integrated into Evertrace’s existing systems, expanding its early founder detection […] Read more ›
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Stockholm-based startup Emfas has secured a €600,000 (SEK 6.7M) angel round at a €4.5 million (SEK 50M) post-money valuation to scale its AI-powered product information management (PIM) system. The funding round was led by Greens Ventures, an angel syndicate headed by Dan McCormick, with participation from a roster of well-known investors in the Nordic and […] Read more ›
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Netigate, a Stockholm-based experience management software provider, has acquired Mopinion, a Dutch company specialising in digital feedback tools for web, app, and email channels. The deal brings together Netigate’s analytics and survey automation with Mopinion’s real-time feedback collection technology. Both companies serve large European enterprises across sectors such as retail, aviation, and finance. Following the […] Read more ›
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Business Insider
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Tom's Hardware
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23% 13 |
MacRumors
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10% 7 |
Slashdot
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5% 1 |
ScienceDaily
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5% 4 |
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19.10.2025 11:59
Last update: 11:50 EDT.
News rating updated: 18:50.
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