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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Copenhagen-based startup Clair Scientific has raised €1.6 million (12 million kroner) from EIFO and Innovestor to advance its novel microscope technology. Clair Scientific’s ‘Z1’ microscope is designed to make advanced imaging more accessible. Unlike traditional models, the Z1 is both smaller and less expensive, incorporating a unique combination of imaging technology and cloud computing. With […] Read more ›
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Ligence, a Vilnius-based startup focused on cardiac diagnostics, has secured €3 million in seed funding, with Simpact Ventures leading the investment. Other contributors include Coinvest Capital, the European Innovation Council (EIC) Fund, Lemonade Stand, and angel syndicate NGL. The company has developed AI-powered software that automates the analysis of cardiac ultrasound images, aiming to support […] Read more ›
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The Baltic region, comprising Estonia, Latvia, and Lithuania, is becoming an increasingly important player in the European startup ecosystem. The Baltic Startup Survey 2024, conducted by BalticVC, provides a comprehensive analysis of the startup scene in these three countries, offering insights into the challenges and opportunities facing local entrepreneurs, as well as the overall investment […] Read more ›
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Copenhagen-based agritech startup NitroVolt has secured €3.5 million in seed funding to advance its development of sustainable, on-site ammonia production for agriculture. Investors include BackingMinds, EIFO, Breakthrough Energy Fellows, EQT Foundation, Satgana, and DivisionM, reflecting a strong collective interest in green innovations for farming. NitroVolt’s “Nitrolyzer” technology synthesizes ammonia using only air, water, and renewable […] Read more ›
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Tallinn-based startup Qminder has secured €3 million in seed funding, marking its first institutional support after years of bootstrapping. Led by Practica Capital, with backing from Jaan Tallinn’s Metaplanet, BADideas.fund syndicate, and strategic angel investors from Toggl, Veriff, Pipedrive, Wise, and Twilio, the funding will allow Qminder to enhance its customer service management platform. Qminder’s […] Read more ›
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In Parallel, a startup from Helsinki, has raised €2.8 million in seed funding led by Lifeline Ventures, with additional support from Notion Capital. The company focuses on transforming corporate strategy execution using artificial intelligence. In Parallel offers a way for organizations to test, monitor, and adapt their strategies in real-time without heavy consulting costs. By […] Read more ›
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Stockholm-based greentech company DREM has raised €1 million in funding from investors Peak, byFounders, Redstone, and Futurum Ventures to support its expansion in the French market for heat pumps. Founded in early 2023, DREM simplifies the heat pump purchasing process and aims to make heating more cost-efficient through a digital platform that uses pricing algorithms […] Read more ›
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Maki.vc, a Helsinki-based venture capital firm, has introduced its third fund, totaling €100 million, aimed at nurturing early-stage startups in deep tech and consumer-oriented areas across the Nordics and Northern Europe. Focused on pre-seed and seed investments, Maki.vc targets businesses with a clear commitment to environmental and social impact. Notable initial investments include companies like […] Read more ›
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As businesses face increasing pressure to reduce their environmental impact, navigating the complexities of carbon emissions and sustainability compliance can be a daunting challenge. Cero Hero, a Helsinki-based company, is simplifying this process with a pioneering approach to emissions tracking and sustainability. By offering a technology platform that provides real-time data on carbon emissions, Cero […] Read more ›
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Tallinn-based buyback platform provider Fairown has partnered with iSpot Poland, an Apple Premium Partner, and BNP Paribas Bank Polska to launch iSpot upgrade+, a financing program aimed at increasing affordable access to Apple devices in Poland. This program introduces flexible ownership options, allowing consumers to pay monthly for the time they use their Apple devices […] Read more ›
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Helsinki-based VC firm Voima Ventures has appointed Stina Wallmark as its new Life Sciences Investment Director, a move that aims to bolster the company’s expertise in biotech and healthcare across the Nordics and Baltics. Wallmark brings 15 years of experience in the life sciences sector. In her new role, she will focus on identifying promising […] Read more ›
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Helsinki-based Valo Therapeutics has partnered with NASDAQ-listed Lisata Therapeutics in preclinical research to assess whether a combined approach using Lisata’s drug certepetide and Valo’s PeptiCRAd technology could enhance treatment outcomes in melanoma. Lisata’s certepetide is designed to improve drug penetration into tumors, aiming to alter the tumor environment to better support the immune system’s response. […] Read more ›
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Printful and Printify, two prominent Latvian tech companies in the on-demand production industry, have announced a merger aimed at expanding their global presence and capabilities. Both platforms, known for supporting eCommerce sellers by offering print-on-demand and custom product fulfillment, will continue to operate independently but will pool their technological and operational resources. This merger is […] Read more ›
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When every second of our day feels more valuable than ever, waiting in line often feels like a missed opportunity. Whether it’s queuing for a quick bite or a critical errand, these moments slip by unproductive, often frustrating, and sometimes, downright exhausting. Yet, what if those waiting times became meaningful, or better yet, eliminated? Codemenders […] Read more ›
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Tallinn-based Miros has raised €6 million in a pre-Series A round led by EBRD Venture Capital and Tera Ventures, with participation from former Estonian President Toomas Hendrik Ilves. Miros uses AI-powered visual search technology to address a persistent challenge in e-commerce; lost sales due to difficulties in product discovery. By enabling shoppers to find items […] Read more ›
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As global threats evolve, the need for more adaptive and advanced defense solutions has never been more pressing. Traditional defense technologies remain indispensable, but there is an increasing recognition that innovative, agile startups can bring fresh perspectives and accelerate progress. Finland, with its legacy of defense excellence and its strategic role within NATO, is embracing […] Read more ›
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Broswarm, a Vilnius-based startup specializing in mine detection technology, has secured €800K in funding from ScaleWolf, a hybrid accelerator and investment fund focused on defense tech. This investment will support the further development of Broswarm’s X-Ray Eagle sensor, which is designed to enhance mine detection by providing detailed 3D images of buried objects from a […] Read more ›
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Quanscient, a Tampere-based technology company focused on cloud-based multiphysics simulation and quantum algorithms, has announced the completion of a €5.2 million funding round. Led by Crowberry Capital, the round also saw participation from Speen Holding and follow-on investments from Maki.vc and First Fellow. Quanscient’s platform aims to enhance product development processes by enabling engineers to […] Read more ›
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Food waste isn’t just leftovers on a plate; it’s an untapped energy resource slipping through our fingers. Each year, Europe alone generates enough food waste to rival the emissions of entire nations, adding to a growing environmental crisis. But what if this waste could be transformed from an environmental burden into a sustainable energy source? […] Read more ›
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Oslo-based eSmart Systems has raised €30 million in funding to expand its AI-powered solutions for inspecting and managing critical energy infrastructure. Led by TiLT Capital Partners, with participation from strategic investor Quanta Services and support from existing investors like Arosa Capital, Energy Impact Partners, Equinor Ventures, Nysnø Climate Investments, Future Energy Ventures and Kongsberg Group, […] Read more ›
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Business Insider
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21% 11 |
Wired
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10% 5 |
The Verge
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8% 2 |
Android Authority
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7% 4 |
Tech Wire Asia
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7% 3 |
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27.11.2024 05:41
Last update: 05:36 EDT.
News rating updated: 12:32.
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