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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Tallinn-based climatetech company eAgronom has joined forces with Gardskapital, a Stockholm-based alternative lending firm, to spearhead the adoption of regenerative farming practices among Swedish farmers. This collaboration aims to introduce eAgronom’s advanced soil regeneration and agroforestry techniques to farmers across 20,000 hectares of arable land in Sweden this year. With Sweden being a key agricultural […] Read more ›
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Maria01 has evolved into an even more nurturing nest for startups. According to their recent impact report, the community housed more startups last year than ever before, with a growing number of new applications in their backlog. Maria01 offers the best possible support a startup could ask for, a critical factor given the current uncertain […] Read more ›
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Umeå-based game studio Crypto Rogue Games has successfully concluded a $1.5 million seed funding round, attracting prominent investors such as Merit Circle and Avalanche. Other participants in the funding round include SNZ, Coinfund, Lyrik Ventures, Devmons, and Bryan Pellegrino, CEO, and co-founder of Layer Zero. Specializing in the creation of web3 gaming experiences, the studio […] Read more ›
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BotGuard OÜ, a cybersecurity software company based in Tallinn, has secured €12 million in Series A funding led by MMC Ventures, with participation from Tera Ventures, Expeditions Fund, and angel investors including Stefan Lindeberg. The company specializes in helping web hosting providers manage and protect their infrastructure from malicious threats. With this funding, BotGuard OÜ […] Read more ›
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Stockholm-based sustainable drone delivery startup Aerit has teamed up with foodora and Tele2 to push forward the use of drone delivery across Europe. The partnership means that from May, people in Värmdö Kommun can use their foodora accounts to request drone deliveries by Aerit, using Tele2’s connectivity. These deliveries will be conducted over distances where […] Read more ›
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Laddel, a ChargePoint operator in Kristiansand, has been acquired by Wattif Group, the Nordic region’s leading charging operator with over 26,000 charging points. The acquisition aims to simplify and enhance Electric Vehicle (EV) charging accessibility, with Wattif supporting Laddel’s goal of operating 30,000 charging points by 2025. Laddel specializes in advanced fleet management, offering innovative […] Read more ›
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spektr, a Copenhagen-based startup, has appointed Reno Mathews as its Chief Compliance Officer. With over two decades of diverse compliance experience at renowned organizations such as Citi, Google, and Meta, Mathews brings a wealth of expertise to spektr. His appointment underscores the company’s commitment to simplifying ongoing due diligence processes through innovative automation solutions. Mathews’ […] Read more ›
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spektr, a Copenhagen-based startup, has appointed Reno Mathews as its Chief Compliance Officer. With over two decades of diverse compliance experience at renowned organizations such as Citi, Google, and Meta, Mathews brings a wealth of expertise to spektr. His appointment underscores the company’s commitment to simplifying ongoing due diligence processes through innovative automation solutions. Mathews’ […] Read more ›
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Younium, a Stockholm-based software company specializing in subscription management, billing, and pricing solutions, has secured an additional €2.7 million (31 million SEK) in funding. The investment was led by existing shareholders and joined by Partinc Capital, a significant stakeholder in the company. Despite economic challenges in 2023, Younium demonstrated strong growth, reporting 55 million SEK […] Read more ›
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HeavyFinance, a Lithuanian fintech company, is partnering with the European Investment Fund (EIF) and the InvestEU program to provide €50 million in support of on-farm decarbonization and greener farming practices for small and medium-sized agricultural businesses in Bulgaria, Latvia, Lithuania, Poland, and Portugal. The EIF has committed €20 million to a HeavyFinance credit fund, with […] Read more ›
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Stockholm-based Voi recently raised $25 million in a financing round, which was oversubscribed. This funding, accompanied by additional debt financing for vehicles, will primarily be used to scale up the company’s e-scooter and e-bike fleet. The financing round included participation from existing shareholders such as VNV Global, Raine Group, Nineyards Equity, Balderton, Creandum, Project A, […] Read more ›
0
Helsinki-based employee engagement startup Teamspective has raised €900K in pre-seed funding led by angel investors, including Sammeli Sammalkorpi, CEO and Co-founder of Sievo. The funding, which also received support from Business Finland, will be used to develop Teamspective’s network- and relationship-aware engagement solution and expand their commercial team in Finland and the US. Teamspective focuses […] Read more ›
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Tallinn-based startup GScan has raised €3 million in seed funding from investors including Bolt-founder Markus Villig, Japanese corporate venture funds, and existing angel investors. The company specializes in deep tech that enables non-intrusive scanning of materials and structures using cosmic ray muon tomography, providing detailed 3D imagery to assess chemical composition and structural integrity without […] Read more ›
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Legitify, an online notarization solution, has successfully closed a €1.5 million seed funding round led by Verb Ventures, with key contributions from Enterprise Ireland, Actium Partners, Redbay Ventures, and other investors. Founded in 2020 in Stockholm, Sweden, and headquartered in Dublin, Ireland, Legitify simplifies and streamlines notarization processes online, empowering enterprises and individuals to certify […] Read more ›
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Vilnius-headquartered Astrolight has partnered with the Defense Innovation Accelerator for the North Atlantic (DIANA) to advance its dual-use laser communication technology for defense applications, particularly in facilitating communication between navy ships. Through this partnership, Astrolight will collaborate with NATO and other defense stakeholders to adapt its laser communication terminals for terrestrial applications, expanding its product […] Read more ›
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Sooma, a Helsinki-based medical device company specializing in at-home brain stimulation for depression treatment, has secured €5 million in funding from Nordic early-stage investor Voima Ventures, Singapore-based Verge HealthTech Fund, and existing investor Stephen Industries. Sooma’s portable neuromodulation devices utilize Transcranial Direct Current Stimulation (tDCS) to offer safe and effective depression treatment, either as a […] Read more ›
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Mapon, a Riga-based fleet management solution provider, has secured €3 million in funding through a bond issue to finance acquisitions and expand its operations in Europe. The funding was attracted from private and institutional investors. Mapon offers fleet management and asset-tracking solutions, maintaining a client-centric approach and achieving a growth rate of nearly 30% over […] Read more ›
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Lithuanian entrepreneur Audrius Zujus‘ Argyle has secured $30 million in funding led by Rockefeller Asset Management‘s Fintech Innovation Fund, with participation from existing investors Bain Capital Ventures, SignalFire, and Checkr. The company’s platform offers automated income and employment verification, helping customers drive efficiency and mitigate fraud. Argyle plans to use the funding to fuel its […] Read more ›
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Vilnius-based Vinted has acquired Copenhagen’s Trendsales. Vinted is a C2C marketplace for second-hand items, while Trendsales is Denmark’s largest second-hand marketplace for fashion and lifestyle items. The acquisition aims to strengthen Vinted’s presence in the Nordic region, following successful launches in Sweden and Finland and its Danish debut in September 2023. Trendsales has been instrumental […] Read more ›
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NitroVolt, a Danish startup, has raised a pre-seed round of €750K led by Swedish venture firm BackingMinds. The funding will support the development of their “Nitrolyzer” unit, enabling cheaper and local production of ammonia using only air, water, and electricity. NitroVolt aims to eliminate the carbon footprint from ammonia production, which currently emits large amounts […] Read more ›
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Most popular sources
Business Insider
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27% 1 |
Tech Wire Asia
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15% 10 |
CNET
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7% 4 |
The Verge
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6% 2 |
Gizmodo
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6% 1 |
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28.11.2024 00:52
Last update: 00:45 EDT.
News rating updated: 07:41.
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