Cephagenix, a Glostrup-based joint venture between Saniona and Professor Jes Olesen, has raised €9 million in seed funding from AdBio Partners and AbbVie Ventures. The company is focused on developing selective vascular KATP channel inhibitors as a potential treatment for migraines. The funding will be used to advance the program toward candidate selection, following promising […] Read more ›
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Blykalla and Höganäs have partnered to develop corrosion-resistant materials for the Swedish Advanced Lead-cooled Reactor (SEALER), a small modular reactor (SMR) designed for next-generation nuclear energy. The collaboration will focus on industrializing and qualifying advanced metal alloys that can withstand liquid lead environments, a critical requirement for SMR components. Höganäs will apply its expertise in […] Read more ›
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Helsinki-based RELEX Solutions has secured a €10 million green revolving credit facility from Nordea Bank to finance sustainability-focused projects. The company, which develops AI-driven supply chain and retail optimization software, plans to use the funds for initiatives aimed at improving energy efficiency, reducing waste, and enhancing sustainable practices. Green revolving credit facilities are structured to […] Read more ›
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Miiskin, a Copenhagen-based digital dermatology platform, has secured the prestigious Innobooster Grant to advance its AI-driven workflows and autonomous treatment plans for acne care. The company, which provides online dermatology consultations, aims to streamline doctor-patient interactions using artificial intelligence to reduce manual workloads and improve diagnostic efficiency. Miiskin’s new AI Engine will assess skin conditions […] Read more ›
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Aarhus-based Commit Biologics has secured a €5.5 million seed financing extension from Korys, bringing its total funding to €21.5 million. This follows an earlier €16 million investment from Novo Holdings and Bioqube Ventures, announced when the company emerged from stealth last May. The Danish biotech startup, which is pioneering the activation of the complement system […] Read more ›
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Adsorbi, a Chalmers University spinout, has secured €1M in funding from Metsä Spring, Chalmers Ventures, Jovitech Invest, and Sweden’s Innovation Agency to scale its cellulose-based air purification material. The fresh capital will fund the construction of a pilot plant in Gothenburg, expand its product line, and accelerate customer adoption. Adsorbi’s bio-based material offers a sustainable […] Read more ›
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Hybird Energy, a Danish startup revolutionizing energy management with AI-powered intelligent electrical panels, has secured €2.4 million in funding to scale its operations across Europe. The round was co-led by BackingMinds and Transition, with participation from 2degrees, EIKON Capital, Notion Capital’s Pioneer Fund, and a network of strategic angel investors, including former executives from Pleo, […] Read more ›
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Stockholm-based Gesynta Pharma has raised €26.5 million (SEK 304 million) in a Series B funding round led by Innovestor Life Science, with participation from Hadean Ventures, Industrifonden, Linc, Foreground Capital, Catalyze Capital, Stephen Industries, and Amboy Street Ventures. The Stockholm-based biotech company is advancing vipoglanstat, a non-hormonal drug candidate targeting inflammation in endometriosis, a condition […] Read more ›
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Wingbits, a Stockholm-based Web3 startup, has raised $5.6 million in a funding round led by Borderless Capital and Bullish Capital, with participation from Antler Global, Tribe Capital, The Spartan Group, Heartcore Capital, and SNZ Capital. The company is building a decentralized flight tracking network using blockchain technology, aiming to address inefficiencies in the current system, […] Read more ›
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Copenhagen-based Tryp.com has raised €3.1 million in a funding round led by Iberis Capital, with participation from EdenBase, ITV, GMPVC German Media Pool, and Jacob Gade. Founded in 2020, the travel platform offers an AI-driven system for planning multi-destination trips, consolidating various transport and accommodation options. The new funding follows a period of growth in […] Read more ›
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Tallinn-based Elcogen secures €5 million investment from SmartCap to accelerate growth. Elcogen enables delivery of efficient, affordable green hydrogen and emission-free electricity. This strategic investment will fuel Elcogen’s growth trajectory, enabling the company to further expand operations, scale production capacity, and drive business development to better serve existing and new customers worldwide. Founded in 2001, […] Read more ›
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Remod Oy, an IT and information management services company based in Oulu and Tampere, has secured €700,000 in funding to support its growth. The company provides IT solutions, including remote support and on-site services, to clients across Finland. With this investment, Remod aims to enhance and scale its offerings, focusing on creating more standardized and […] Read more ›
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Neko Health, a Stockholm-based company focused on preventative healthcare, has secured $260 million in Series B funding to expand its services across Europe and the US. The round was led by Lightspeed Venture Partners, with support from other investors like General Catalyst, O.G. Venture Partners, Lakestar and Atomico. Founded by Hjalmar Nilsonne and Daniel Ek, […] Read more ›
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Stockholm-based Open Payments has raised €3 million in a funding round led by Alfvén & Didrikson, with participation from Industrifonden and existing investors. The company provides an Open Banking platform focused on B2B payments, offering a single API that integrates multiple bank connections. The new funding will support product development and expansion across Europe. Open […] Read more ›
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DTE, an Icelandic company specializing in metals analysis, has appointed Jakob Ásmundsson as its new CEO to lead the company through its next growth phase. Asmundsson brings extensive experience in scaling businesses, particularly in guiding companies through significant transformations. He will focus on enhancing DTE’s operational performance and expanding its product offerings, particularly in real-time molten […] Read more ›
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Vilnius-based nexos.ai has raised $8 million in funding, led by Index Ventures, with participation from Creandum, Dig Ventures, and several prominent angel investors, including Olivier Pomel (CEO of Datadog), Sebastian Siemiatkowski (CEO of Klarna), through Flat Capital, Ilkka Paananen (CEO of Supercell) and Avishai Abrahami (CEO of Wix). The company is developing an AI orchestration […] Read more ›
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Arctic Therapeutics (ATx), an Icelandic drug discovery company, has closed a €26.5 million oversubscribed Series A financing round with backing from a group of international investors. These include the EIC Fund, Kaldbakur, Sanos Group, Cerebrum DAO, and The Lurie Family Foundation, alongside investors connected to Icelandic unicorn Kerecis. The funding will support the advancement of […] Read more ›
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MailMoo, a Helsinki-based SaaS startup, has raised €300K in pre-seed funding to further develop its AI-powered video personalisation platform. Led by Innovestor, with additional support from Monttu Ventures and a syndicate of twelve angel investors with expertise in SaaS and B2B technology, the funding will enable MailMoo to expand its engineering team and enhance the […] Read more ›
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Lithuanian fintech company ArcaPay, known for its cross-border B2B payment solutions, is being acquired by Ebury, a UK-based financial services provider owned by Banco Santander. ArcaPay has grown across the Baltics and Finland, serving over 1,500 SMEs with currency risk management and international transactions. The acquisition will integrate ArcaPay into Ebury’s global network, expanding its […] Read more ›
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Re:Play, a Swedish startup dedicated to sustainable learning in preschools, has partnered with Sigma Technology to digitalize its platform, making repurposed educational materials more accessible. The collaboration has already resulted in an IT platform used by preschools in Kronoberg County, with additional developments underway, including a sales portal, rental system, and knowledge-sharing module. By leveraging […] Read more ›
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Most popular sources
Business Insider
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22% 4 |
Tom's Hardware
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22% 8 |
Vox
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10% 9 |
Gizmodo
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9% 1 |
Ars Technica
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4% 1 |
| View sources » | |
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18.12.2025 21:48
Last update: 21:35 EDT.
News rating updated: 04:41.
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