Onego Bio, a Helsinki-based foodtech, has secured $40 million in Series A funding, led by NordicNinja, with investments from Tesi, EIT Food, and existing investors Agronomics, Maki.vc, Holdix, Turret, and certain strategic partners. The Series A round also includes a $10 million non-dilutive funding from Business Finland, a public organization under the Finnish Government that […] Read more ›
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In a resounding victory that echoed across the halls of Arctic15 Pitching Competition 2023, Finnish startup Klu, a pioneering force in data management, emerged as the frontrunner, securing both hearts and substantial funding. The win not only validated their vision but set the stage for a transformative journey in redefining how businesses access and utilize […] Read more ›
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Candela, a Stockholm-based electric vessel manufacturer, has closed its largest funding round of €25 million, with key investment from Groupe Beneteau, a global boat maker, along with EQT Ventures, Ocean Zero LLC, and Kan Dela AB. Candela’s hydrofoil craft use 80% less energy than other ships, offering long range and high speed on battery power. […] Read more ›
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SmartWorks, Iceland’s leading digital identity and fraud prevention provider in electronic signing, has been acquired by Signicat, Europe’s foremost digital identity solutions provider. Founded in 2016, SmartWorks is known for its e-signature and anti-fraud solutions, serving clients such as Íslandsbanki, Brimborg, and the City of Reykjavik. With this acquisition, SmartWorks joins Signicat to expand its […] Read more ›
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Benjamin Capital Partners, based in Oulu and New York, has secured $5.5 million in seed funding from Play Ventures, F4 Fund, and other prominent investors, including Anton Gauffin, Shane Happach, and Ilkka Teppo. The company operates the Benjamin cash rewards app, which allows users to earn cash rewards, called Benjamin Money Moments, on various activities […] Read more ›
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NEOGAP Therapeutics, a Stockholm-based biotech company, has secured nearly €500K (SEK 5 million) in funding from Eurostars for a collaboration project with the French biotech company Okomera. NEOGAP is developing pTTL, a personalized cell therapy utilizing modified proteins to activate the immune system against cancer cells, currently undergoing phase I/II clinical trials for colorectal cancer. […] Read more ›
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Arevo AB, a Stockholm-based biotech company, has raised €6.6 million in funding, including €3.1 million from new investor Industrifonden and an additional €3.5 million from existing owners Navigare Ventures, Fort Knox, Stora Enso, and Kempestiftelserna. The company specializes in precision nutrition products that enhance plant growth and reduce environmental impact by improving nitrogen uptake in […] Read more ›
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In 2023, Iceland’s startup ecosystem underwent a notable transformation following the previous year’s surge in venture capital activity. Despite a global slowdown in venture funding, Iceland saw a decrease in the number of deals compared to the previous five years, with only 21 deals recorded, the lowest in half a decade. However, amidst this decline, […] Read more ›
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Scaleup Finance, a Copenhagen-based startup, has raised an $8 million Pre-Series A round led by Inveready, with participation from Crowberry Capital, Seed X, PROfounders, Fin Capital, and CircleRock Capital. Launched in 2021, Scaleup Finance offers a platform to streamline financial planning and analysis for startups and scaleups, with a focus on automating financial reporting and […] Read more ›
0 newcommer
Cemvision, a Stockholm-headquartered company specializing in green cement production, has secured a €10M seed round from investors BackingMinds, Polar Structure, and Zacua Ventures, marking the largest known green cement seed round to date. Cemvision’s innovative technology reduces CO2 emissions by over 95% compared to traditional Portland cement, while maintaining durability and performance, using recycled industrial […] Read more ›
0 newcommer
Keystone Education Group, based in Norway, has acquired Edunation and Asia Exchange, both prominent providers in the global education sector. Edunation, founded in 2017, specializes in facilitating access to Finnish education, offering pathways for international students to study and work in Finland. Asia Exchange, established in 2007, focuses on providing study abroad opportunities in various […] Read more ›
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Copenhagen-based PatentRenewal has secured €1 million in funding from The Export and Investment Fund of Denmark (EIFO) to bolster its IP management solutions. This investment, received in June 2023, complements the €2 million Seed funding from Vendep Capital in February 2023. The company specializes in simplifying the patent renewal process for IP owners and law […] Read more ›
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Lumoa, a customer experience platform based in Helsinki, Finland, has been acquired by Netigate, an experience management solutions provider headquartered in Stockholm, Sweden. This acquisition is a significant development for Lumoa, known for its innovative Generative AI technology, as it merges with Netigate to enhance feedback analysis and decision-making capabilities for businesses across Europe. With […] Read more ›
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Dema, a Stockholm-based predictive analytics platform for e-commerce, has secured €7 million in a seed round led by J12 Ventures and Daphni, along with a group of high-profile angel investors. The company offers a no-code tool for e-commerce companies seeking profitable growth, providing game-changing insights and future predictions. With this funding, Dema aims to further […] Read more ›
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Buddywise, a Stockholm-based company, has secured €3.5 million in a seed round led by J12 and Kvanted, with participation from existing investors Aligned and Antler, as well as angel investors including Hans Stråberg, Hans-Olov Blom, and Eric Quidenus-Wahlforss. The company specializes in transforming workplace safety across Europe through AI and computer vision, offering real-time risk […] Read more ›
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Perfat Technologies, a Helsinki-based foodtech company, has secured a €1 million seed funding round led by Nordic Science Investments, with support from Helsinki University Funds and other existing investors. The company specializes in developing innovative solutions to produce healthy and functional fats for the food industry, aiming to replace or reduce the use of unhealthy […] Read more ›
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Denmark is poised to become a global hub for AI innovation with the establishment of a national center in collaboration with NVIDIA, housing one of the world’s most powerful AI supercomputers. This strategic partnership aims to accelerate research and innovation across sectors, from healthcare and life sciences to the green transition, tackling some of the […] Read more ›
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Helsinki-based Steady Energy has secured a €10M investment in a funding round led by Lifeline Ventures and Yes VC. The company specializes in delivering carbon-neutral heat to homes, offices, and industrial applications through its innovative nuclear engineering solutions, particularly its LDR-50 nuclear reactor, which operates at low temperatures and pressures. This funding will be used to […] Read more ›
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BLIXT, a pioneer in software-defined power systems, has secured €5 million in seed funding from investors including Union Square Ventures (USV) and Energy Revolution Ventures (ERV). The company, founded in 2018, focuses on transforming the electricity sector with innovative technologies such as the world’s first miniature solid-state circuit breaker and advanced voltage control systems. BLIXT’s […] Read more ›
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Ingrid, a Stockholm-based delivery experience platform, has raised a €21 million funding round led by Verdane, a European specialist growth investor, alongside Schibsted Ventures. Ingrid’s platform connects retailers, carriers, and consumers to optimize e-commerce delivery experiences, processing over 130 million orders for more than 250 retailers. The funding will support Ingrid’s international expansion across Nordic […] Read more ›
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Most popular sources
Business Insider
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28% 1 |
Tech Wire Asia
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15% 10 |
CNET
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7% 4 |
Eurogamer.net
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6% 1 |
The Verge
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6% 2 |
| View sources » | |
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27.11.2024 23:35
Last update: 23:15 EDT.
News rating updated: 06:30.
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