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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Orbis Medicines, a biotechnology company based in Copenhagen, has secured €26 million in seed financing led by Novo Holdings and Forbion. The company specializes in oral macrocycle drug discovery, with its platform, nGen, designed to systematically explore the macrocycle chemical space using high-throughput chemical synthesis and large-scale assaying supported by machine learning. The funding will […] Read more ›
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Stockholm-based biotech company Cellcolabs has raised $8.7 million in an oversubscribed funding round, with total funding now at $21.5 million. Investors include well-known business profiles and unicorn founders, such as Fredrik Österberg and Jens von Bahr, along with previous investors like Norrsken Launcher and Avito founders Jonas Nordlander and Filip Engelbert. The company aims to […] Read more ›
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Nordic Science Investments (NSI) has closed the first round of its €60 million fund, aimed at investing in innovations emerging from research in the Nordic countries. The fund will be used to provide growth capital and strategic support to early-stage spinout companies from universities. NSI aims to help these companies commercialize their breakthrough technologies and […] Read more ›
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Helsinki-based Basemark and Bristol-based Ultraleap have announced a collaboration to enhance Augmented Reality Heads-up Displays (AR HUDs) in vehicles. Basemark provides automotive AR software, and Ultraleap specializes in hand-tracking and haptic solutions. By integrating Basemark’s Rocksolid AR software with Ultraleap’s haptic and hand-tracking technology, drivers can interact with AR content projected onto the windshield without […] Read more ›
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Lappeenranta-based SpinDrive has secured €2.5 million in funding from the European Innovation Council (EIC) Accelerator. The company specializes in magnetic bearings and aims to revolutionize the industry with its active magnetic bearings (AMBs) solution, which offers reduced friction, enhanced precision, and the ability to operate in extreme conditions. With the funding, SpinDrive plans to further […] Read more ›
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Copenhagen-based AML platform Meo, formerly NewBanking, has secured €1.67M in funding for increased growth and expansion in Europe. The funding includes a new capital round from existing investors Scale Capital and EIFO Ventures, as well as a €1M loan from Swedish growth & lending platform Gilion (formerly Ark Kapital). Meo helps compliance teams in regulated […] Read more ›
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DBT Capital, a Swedish SME lender, has secured €25.3 million (SEK 285 million) in funding with backing from the European Investment Fund (EIF). This partnership, supported by the European Union’s InvestEU program, aims to provide debt financing to high-growth SMEs and small mid-caps in Sweden, focusing on innovation, digitalization, and sustainability projects. DBT Capital will […] Read more ›
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Hedia, a Copenhagen-headquartered digital therapeutics company in diabetes, has raised €3 million in a seed extension round, supported by existing shareholders and Business Angels. The funding will enable the company to grow its digital health product portfolio, scale its Hedia Diabetes Assistant (HDA), and launch a holistic diabetes management solution integrated with Glooko later this […] Read more ›
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eComID, a Stockholm-based startup, has raised €2.75 million in pre-seed funding to advance its AI-powered platform. The platform is designed to help retailers reduce product returns by encouraging shoppers to make more informed and sustainable purchasing decisions. The oversubscribed funding round was led by CapitalT, with participation from H&M Group Ventures and strategic angel investors. […] Read more ›
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Copenhagen-based startup Signal has secured investment to expand its AI-driven platform for data-driven investors. The funding comes from notable investors like Rune Christensen, Mads Mikkelsen, and Simon Bækgaard Christoffersen, but the exact amount remains undisclosed. Signal’s platform leverages artificial intelligence to provide venture and private equity funds with real-time data on potential investments, candidates, and […] Read more ›
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Froda, a Stockholm-based fintech company founded in 2015 with a mission to democratize access to financing for small and medium-sized businesses through digital processes and technological innovation, is expanding its partnership with Visa, a world leader in digital payments. Together, they aim to scale embedded SMB lending across Europe, enabling other fintechs, banks, and neobanks […] Read more ›
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Lithuania & UK-based EF EVE Ltd., known for its user-friendly volumetric and spatial capture software, has been acquired by Djinn Technologies Ltd., a company specializing in advanced volumetric and spatial camera sensor and scanning technologies. The acquisition includes all assets, patents, and intellectual property of EF EVE Ltd. Djinn will rebrand EF EVE’s technology as […] Read more ›
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Bionamic, a Lund-based startup focusing on AI and data-driven solutions for biopharma teams, has raised €350K (SEK 4 million) in funding. The investment comes from VC firm I Love Lund, as well as existing investors LU Holding and Fårö Capital. Bionamic’s platform aims to streamline data management in the development of biological drugs, enhancing research […] Read more ›
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Stockholm-based fintech Vermiculus Financial Technology is partnering with nuam exchange, which integrates stock exchanges in Lima, Santiago, and Colombia, to develop a modern technological core for Central Counterparty Clearing Houses (CCP) in Chile, Colombia, and Peru. This partnership aims to enhance customer experience with dynamic technological architecture. Vermiculus will expand its presence to the four […] Read more ›
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Walk15, a Vilnius-based sustainable mobility startup, has secured €1 million from venture capital fund Coinvest Capital, the “8NGLS” syndicate led by Justinas Pašys, CEO of PVcase, and others. The company, which promotes sustainable movement and living, engages employees, clients, and community members in activities across multiple markets. With over 640,000 users and 1,300 businesses worldwide, […] Read more ›
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Gympak, a Helsingborg-based company dedicated to promoting physical activity through innovative products and digital services, has appointed Jone Sølvik as its new CEO. Gympak focuses on innovative products and digital services to make physical activity more accessible, aiming to inspire a healthier lifestyle and improve people’s health. Sølvik, a 44-year-old with a background in the […] Read more ›
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Boksi.com, a Helsinki-based influencer marketing and content sourcing platform, has acquired “the influencer GmbH“, a rapidly growing German influencer marketing agency known for its work with clients such as Volkswagen, Westfield, and the European Commission. With this acquisition, Boksi.com aims to strengthen its presence in Central Europe, particularly in Germany, where the influencer GmbH is […] Read more ›
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Serverpod, a Stockholm-based startup, has successfully raised €1.7 million in pre-seed funding with backing from notable investors, including PreSeed Ventures‘ PSV Tech01 fund. Specializing in developing the infrastructure for Google’s Flutter framework, Serverpod aims to revolutionize app development by providing a robust backend solution. With this new capital injection, the company plans to expand its […] Read more ›
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Tampere-based WellO2 has forged an exclusive partnership with London’s West Ham United Football Club, becoming the club’s official Respiratory Supplier. This groundbreaking collaboration aims to promote respiratory health awareness among athletes and the wider public. WellO2’s innovative breathing exercise device, renowned for its efficacy in the Nordics, will now be introduced in the UK market. […] Read more ›
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Januar, a Copenhagen-based financial infrastructure provider for crypto businesses, has raised €1.5 million seed extension with investments from CMT Digital, Third Prime, Skyfall Ventures, and Chainalysis Co-founder & CEO Michael Grønager, among others. The company offers a one-stop platform for seamless and compliant fiat-to-crypto money flows, integrating fiat business accounts and payment solutions with crypto […] Read more ›
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Business Insider
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28% 0 |
Tech Wire Asia
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15% 9 |
CNET
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7% 4 |
Eurogamer.net
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6% 2 |
Gizmodo
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6% 1 |
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28.11.2024 01:45
Last update: 01:35 EDT.
News rating updated: 08:30.
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