Espoo-based quantum-algorithm developer QMill and Montréal’s ÉTS have formalized a strategic research partnership that brings together QMill’s industrial expertise in near-term quantum software and ÉTS’s growing academic strength in quantum-algorithm science. The collaboration will focus on co-developing, testing, and benchmarking algorithms designed for real-world use cases—particularly in sectors such as energy, logistics, and telecommunications—while enabling […] Read more ›
20
Latvia-based TestDevLab, known for its deep specialization in software quality engineering, has been acquired by global engineering firm Xoriant as part of the latter’s ongoing expansion into Europe. For TestDevLab—whose 500-person team works across test automation, performance and multimedia testing, accessibility, UX, and network simulation—the deal provides access to larger international delivery networks and broader […] Read more ›
0
Tallinn-based PowerUP Energy Technologies has secured a €10 million Series A round to scale its hydrogen fuel-cell generators, a dual-use technology already proven in extreme operational environments. The round was co-led by defence-aligned venture firms Mercaton and ScaleWolf, with participation from SmartCap’s EU-backed Green Fund and existing investors. PowerUP develops silent, emission-free hydrogen generators used […] Read more ›
0
Delta Charge, a Swedish-German company working on battery-supported charging infrastructure for electric trucks, has raised $4.3 million in equity funding. The round was led by Vireo Ventures and Rethink Ventures, joined by Audi and Allianz executives, German family offices, and climate-tech founders from Munich. Founded in 2024, the company develops depot-based charging sites that combine […] Read more ›
0
Swedish SaaS company Wiraya, known for its intelligent, voice-led communication technology, has merged with On-Time Research Solutions Oy, a Finnish SaaS provider specializing in customer engagement and payment reminders. The combined company aims to create the leading Nordic platform for intelligent voice-driven communication in sectors such as debt collection, insurance, and customer activation. The merger, […] Read more ›
0
Lund-based deep-tech startup AlixLabs has raised a €14.1M Series A to speed up the industrialization of its Atomic Layer Etching Pitch Splitting (APS™) technology, a process designed to make advanced semiconductor manufacturing cheaper and more energy-efficient. The round was co-led by long-time backers Navigare Ventures, Industrifonden, and FORWARD.one, with new participation from STOAF and Japan’s […] Read more ›
0
Oslo-based SportAI, a B2B sports technology startup using AI-powered video analysis to deliver professional-level performance insights, has raised an oversubscribed $3M round led by Norwegian investment fund Altitude Capital with participation from global tennis star Casper Ruud, former McKinsey Global Tech & Media head Endre Holen, US pro soccer player Alejandro Bedoya and TRK Group […] Read more ›
0
Starship Technologies and Uber Eats are entering a long-term collaboration to introduce autonomous sidewalk delivery robots across several markets, starting in Leeds, UK, in December 2025. The partnership brings together Starship’s existing fleet of AI-driven delivery robots—already used in millions of real-world orders—and Uber Eats’ large distribution network. In practice, this means Uber Eats customers […] Read more ›
12
Finland’s startup community is closing out 2025 with something rare in today’s uncertain economic climate: momentum, optimism, and a record-breaking wave of investment that has lifted the entire ecosystem. According to new figures from the Finnish Venture Capital Association (FVCA), Finnish startups raised €400 million during the first half of the year. By autumn, a […] Read more ›
3
The Baltic startup ecosystem is entering a new chapter — one defined not by hype cycles or explosive swings, but by steady growth, experienced founders, stronger teams, and healthier focus, according to the newly released Baltic Startup Survey 2025 by BalticVC in partnership with YellowRocks!. Despite a turbulent global macro environment, most Baltic founders say […] Read more ›
0
Reykjavik-based Stratis has closed its seed round to accelerate the rollout of its strategic data analysis platform, designed to give governments and enterprises real-time situational awareness across fast-moving environments. Founded by Ingvar Helgason, Smári McCarthy, and former Unity CEO DavĂĂ° Helgason, the Estonia- and Iceland-based company unifies massive geospatial and temporal datasets into a single […] Read more ›
0
Copenhagen-based fintech company Flatpay has become the country’s fastest unicorn after securing $170 million in fresh funding at a $1.7 billion valuation. The round was led by AVP and Smash Capital, with continued support from Hedosophia, Seed Capital, and Dawn Capital. Founded in 2022, Flatpay provides flat-rate, no-hidden-fee payment and POS solutions for SMB merchants […] Read more ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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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Most popular sources
Business Insider
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31% 12 |
Gizmodo
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11% 1 |
CNET
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6% 2 |
The Verge
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5% 1 |
Slashdot
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5% 3 |
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13.12.2025 09:07
Last update: 09:00 EDT.
News rating updated: 16:03.
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