Ousia Pharma, a Copenhagen-based biotech company founded in 2022, has secured a seed financing round led by Omega Funds to advance its innovative approach to treating obesity. The company is developing a dual-incretin-NMDA receptor antagonist conjugate, a novel drug-targeting method that delivers small-molecule neuroplasticity modulators to the brain’s appetite control centers. This financing will support […] Read more ›
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Lightsonic, a software company utilizing fiber optic sensing technology, has raised €3.3 million in seed funding to develop monitoring solutions for critical infrastructure. The investment, led by Maki.vc and supported by RAISE Ventures and Sondo, will help the company advance its real-time monitoring systems, which aim to detect leaks and threats in water, gas, and […] Read more ›
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Stockholm-based IPercept has raised €5 million in a round led by Luminar Ventures, with participation from, RunwayFBU, Backstage Invest AB, and AI.FUND, and existing investor J12. The Stockholm-based company provides a predictive AI platform for manufacturers, enabling machine monitoring and diagnostics without requiring system integration or infrastructure changes. Originating from research at the Royal Institute […] Read more ›
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Reykjavik-based DTE has announced a strategic partnership with global engineering powerhouse Ramboll to deliver integrated real-time chemical analysis solutions for the aluminum industry. DTE, renowned for its LP-LIBS™ technology that enables in-situ elemental analysis of molten metal, will combine forces with Ramboll’s industrial automation and equipment integration expertise. Together, they aim to streamline production workflows […] Read more ›
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Swedish wellness-focused hospitality company Gympak has secured new backing from entrepreneur and investor Sven Cristea, CEO of SEVR Group AB. Cristea joins as a strategic partner during Gympak’s ongoing funding round, which supports the company’s international growth plans. Gympak operates in hotels across 13 countries, offering a wellness concept aimed at travelers, including access to […] Read more ›
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Stockholm-based Telgea has raised $2.7 million in a round led by Amigos Venture Capital, with participation from Antler, Motivate Ventures, and SSE Ventures. The startup offers a unified mobile telecom platform designed to eliminate the logistical and financial burden of managing mobile operations across multiple countries. With seamless onboarding, one contract, and AI-driven support tools, […] Read more ›
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HeavyFinance, a climate finance company focused on transitioning European farmers to regenerative agriculture, has rebranded as InSoil. The rebranding aligns with the company’s broader focus on soil health and carbon credit generation. As part of its growth strategy, InSoil has launched a €50 million private credit fund to support projects with measurable climate impact. The […] Read more ›
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Espoo-based startup IXI has secured $36.5 million in funding to advance the development and commercial launch of its autofocus eyewear, designed to dynamically adjust focus based on the wearer’s eye movements. The investment was led by London-based investment fund Plural, with participation from Tesi, Heartcore, FOV Ventures, and byFounders; French private equity firm Eurazeo; and […] Read more ›
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Pistachio, an Oslo-based company developing an AI-powered cybersecurity awareness training platform, has secured $7 million in Series A funding led by Walter Ventures, with participation from Idékapital, Angel Invest, MP PENSJON PK, and J12 Ventures. The company plans to use the funding to support its expansion in Europe and North America, including the opening of a […] Read more ›
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HealthCap IX, the latest fund from Swedish venture firm HealthCap, has secured €48 million in a joint investment from Novo Holdings and the Export and Investment Fund of Denmark (EIFO). With this boost, HealthCap will deepen its presence in the Nordics by opening a hub at Copenhagen’s BioInnovation Institute (BII), aimed at nurturing early-stage biotech […] Read more ›
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Stockolm-based Lovable has secured an angel investment of approximately €91K (1 MSEK) from Flat Capital AB, as part of its €14.3 million funding round led by Creandum. The Swedish startup aims to simplify software development through its AI platform, allowing users to create websites, apps, and other digital products without any technical knowledge. The company […] Read more ›
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Helsinki-based Joisto, a provider of cloud-native data archival solutions, has been acquired by UK-US headquartered Smart Communications. The deal marks a significant shift for Joisto, whose platform has served over 700 enterprise clients with secure, compliant digital record storage. Known for its multi-tenant SaaS architecture and adherence to ISO14641 standards, Joisto has focused on addressing […] Read more ›
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Stockholm-based fintech Froda has raised €20 million in a Series B round led by Incore Invest, with continued backing from existing investors, to scale its embedded finance platform across Europe. The funding, which arrives amid a broader fintech fundraising slowdown, reflects investor confidence in Froda’s data-driven model, which integrates directly with banks and payment providers […] Read more ›
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Coana, a cybersecurity startup founded by researchers from Aarhus University, has been acquired by U.S.-based Socket in a strategic move that aims to integrate advanced reachability analysis into mainstream application security workflows. Known for its static control-flow and call graph analysis engine, Coana has focused on reducing false positives in vulnerability scanning—helping teams prioritize only […] Read more ›
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Latvian mobile payment provider Mobilly and Estonian parking technology company Snabb have announced a cross-border integration aimed at simplifying parking payments in both countries. Mobilly users will be able to pay for parking in all Snabb-operated lots in Estonia starting summer 2025. The move follows Snabb’s entry into the Latvian market earlier this April, where […] Read more ›
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Swedish fintech Mynt has announced a strategic investment from Visa as part of its Series B round, alongside an expanded reseller partnership that will see the company scale its spend management solutions across Europe. Founded in Stockholm in 2018, Mynt has become a leading platform for automating expense handling, offering corporate cards and seamless ERP […] Read more ›
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Swedish battery manufacturer Northvolt filed for bankruptcy on March 12, 2025, after struggling with rising capital costs, supply chain disruptions, and delays in scaling production. As part of the court-supervised process, Scania has acquired Northvolt Systems’ Industrial Division, which includes a production facility in Gdańsk and an R&D center in Stockholm. This unit, which develops […] Read more ›
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Tallinn-based Esgrid has raised a total of €900,000 in pre-seed funding to expand its offering from ESG risk management into broader supplier management for small and medium-sized businesses. The latest round was led by new investor 2C Ventures, with participation from existing backers Startup Wise Guys, Greenco Ventures, and Lemonade Stand. Esgrid initially developed an […] Read more ›
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Helsinki-based Wolt has entered into a partnership with Deutsche Telekom to provide Magenta Moments members in seven European countries with free access to Wolt+, the company’s subscription service. The rollout begins in Croatia and will extend to Austria, Czechia, Hungary, North Macedonia, Poland, and Slovakia. The deal gives Deutsche Telekom customers access to Wolt+ benefits […] Read more ›
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Sparrow Quantum, a leading European supplier of photonic quantum chips, has secured €21.5 million in Series A funding to accelerate the development and commercialization of its world-leading quantum chip technology. The investment round was led by PensionDanmark, with strong backing from EIFO and Novo Holdings and additional investments from existing investors 2xN, LIFTT, and the […] Read more ›
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05.06.2026 08:40
Last update: 08:35 EDT.
News rating updated: 15:32.
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