Stockholm-based Spiich Labs has raised a €600k pre-seed round led by Ampli Ventures, joined by founders and operators from Lovable, Neo4j, Tandem Health, Creandum, and OpenAI’s startup leadership  alongside Index Ventures Scout Fund and Wave Ventures. The KTH-born startup is rebuilding sales software for the AI era, tackling a €300bn productivity drain caused by sales […] Read more ›
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Reykjavik-based metals analytics company DTE has appointed Dr. Sohail Nazari as Chief Commercial Officer as it prepares for a broader international scale-up of its LP-LIBS™ technology, which provides real-time, in-furnace compositional analysis of molten aluminum. The appointment comes as global aluminum producers face increasing pressure to use more recycled material and improve process efficiency. Nazari, […] Read more ›
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Stockholm-based Syre has entered a multi-year partnership with Nike to accelerate the shift toward circular textiles, positioning itself as the sportswear giant’s lead strategic supplier for textile-to-textile recycled polyester. The collaboration aims to integrate Syre’s circular polyester into Nike’s performance lines, with the first products expected within the next few years. For Nike, the deal […] Read more ›
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Riga-based biometric payments scaleup Handwave has entered a strategic agreement with Visa to integrate its privacy-focused palm recognition technology into Visa’s Token Management Service (TMS) via the Visa Acceptance Platform. Handwave’s technology allows users to link their Visa cards directly to their palm biometrics — enabling frictionless, wallet-free checkouts protected by Visa’s tokenization and fraud-prevention […] Read more ›
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Unconventional Ventures, the Nordic impact-focused VC firm known for backing underrepresented founders, has announced the first close of its €80 million Fund II. The milestone underscores growing institutional support for inclusive investment strategies, with backing from the European Investment Fund (EIF), EIFO, Chr. Augustinus Fabrikker, Nordea-fonden, TryghedsGruppen, and several family offices. Founded in 2018, Unconventional […] Read more ›
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Helsinki-based Cronvall has secured €3.9 million in funding to expand its digital procurement platform for the industrial and construction sectors across Europe. The round was led by Greencode Ventures, joined by Stephen Industries, Innovestor, and several industrial family offices. Cronvall’s platform centralizes purchasing by linking companies to more than 150 verified suppliers, providing real-time visibility […] Read more ›
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Helsinki-based Vendep Capital has secured €80 million for its fourth fund, aimed at backing early-stage B2B SaaS startups across the Nordics and Baltics. The fund, which reached its target ahead of schedule and remains open for commitments until April 2026, continues Vendep’s decade-long focus on helping regional software founders scale globally. Its backers include a […] Read more ›
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Helsinki-based CHAOS has raised €2 million in funding from Nidoco and Finnvera to advance its AI-driven location intelligence platform for the real estate industry. Founded in 2017, CHAOS develops tools that analyze and interpret data on urban growth, demographics, and business activity to support investment and planning decisions. The funding will be used to expand […] Read more ›
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Iceland-based Euler has raised a €2 million seed round co-led by Frumtak Ventures and Kvanted to scale its AI-powered 3D printing software that detects and prevents print defects in real time. A spinout from the Technical University of Denmark, Euler uses deep AI to enhance reliability in laser powder bed fusion and selective laser sintering […] Read more ›
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Vilnius-based healthtech Self.co has raised €2.56 million in a mix of venture funding and grants to broaden access to affordable allergy and intolerance testing. The €1.2 million investment round, led by Iron Wolf Capital with Coinvest and NGL Ventures, complements a €1.36 million grant from Innovation Agency Lithuania aimed at advancing the company’s molecular testing […] Read more ›
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Copenhagen-based enterprise software company Arkyn has raised €4 million in fresh financing co-led by Compounding Capital and Trifork Labs to fuel its global expansion and extend its product suite with advanced AI capabilities. Arkyn develops a digital platform for service and asset maintenance operations built on top of SAP, enabling real-time ERP data access for […] Read more ›
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Copenhagen-based unmanned aerial vehicle manufacturer Monopulse (operating under MNP Technologijos) has received €1.12 million in financing from Lithuania’s national development bank ILTE. The funding, issued under ILTE’s Billion for Business program, will be used to increase production capacity and meet current defense orders in Lithuania and abroad. Monopulse develops NATO Class I (Mini) drones for […] Read more ›
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Balnord has announced the first close of its debut vehicle, Balnord Fund I, with €70 million raised toward a targeted €100 million by mid-2026. Formed by the former Black Pearls VC team, the fund will invest in frontier and dual-use technologies linked to Europe’s reindustrialization—covering fields such as space systems, healthcare innovation, and industrial resilience. […] Read more ›
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Malmö-based HR tech company Eletive has received a growth investment from Accel-KKR, the U.S.-based software investor managing over $23 billion in capital. Eletive develops tools that help organisations measure and improve employee engagement through continuous feedback and analytics. The investment will support the company’s next phase of expansion and product development, particularly in AI-driven performance […] Read more ›
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Malmö-based HR tech company Eletive has received a growth investment from Accel-KKR, the U.S.-based software investor managing over $23 billion in capital. Eletive develops tools that help organisations measure and improve employee engagement through continuous feedback and analytics. The investment will support the company’s next phase of expansion and product development, particularly in AI-driven performance […] Read more ›
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Oslo-based EdTech and AI startup WeWillWrite has secured €2 million in growth funding to help make writing social, fun, and future-proof for the AI age. The round was co-led by Skyfall Ventures and Spintop Ventures, with continued backing from Kahoot! co-founders Johan Brand, and Jamie Brooker, alongside angels Aurora Klæboe Berg, Gaute Godager, Fredrik Schjold, […] Read more ›
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Stockholm-based Inception Fund has officially launched with a €21 million micro fund focused on supporting day-zero startups led by technical founders across the New Nordics — including the Nordic and Baltic regions. Founded by Oliver Molander, Caroline Cronstedt, and Erik Lindblad, with Silo AI’s co-founder and CEO Peter Sarlin joining as a founding LP and partner, […] Read more ›
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Gothenburg-based startup DREV has secured €2.8 million in seed funding to advance contamination control solutions for the battery sector. The round was co-led by Butterfly Ventures and Almi Invest GreenTech, with contributions from S-E-Bankens Utvecklingsstiftelse and Battle Born Venture, Nevada’s state-backed fund. Founded in 2023 and based in Gothenburg, DREV develops the Vault system, designed […] Read more ›
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Latvian fleet management provider Mapon is entering the Irish market through the full acquisition of Fleet DATA (Envirokind Limited), an established Galway-based fleet management company founded in 2012. Both companies specialize in GPS tracking, fleet management, safety cameras, and digital tachograph solutions, helping businesses optimize operations, enhance safety, and meet sustainability goals. With Fleet DATA’s […] Read more ›
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Tallinn-based Leil Storage has secured €1.5 million in seed funding led by Karma Ventures, with participation from Specialist VC, to democratize access to hyperscale storage infrastructure. Founded in 2022 by engineers Aleksandr Ragel and David Gerstein, Leil develops HDD-native software that makes shingled magnetic recording (SMR) drives practical for enterprise-scale deployments—delivering up to 20% more […] Read more ›
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Most popular sources
Business Insider
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23% 2 |
Wired
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10% 6 |
Gizmodo
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9% 1 |
The Verge
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9% 4 |
Tom's Hardware
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9% 1 |
| View sources » | |
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05.12.2025 05:28
Last update: 05:20 EDT.
News rating updated: 12:20.
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