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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Dagsmark Petfood, a Hankasalmi-based company specializing in pet foods, recently concluded its acquisition by VAFO Group, a major European producer of super-premium pet foods. This acquisition, finalized in late January, strategically positions VAFO Group as a dominant player in the Nordic pet food market. Under VAFO Group ownership, Dagsmark’s operations, including its production facility in […] Read more ›
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Heart Aerospace, a Copenhagen-based company focusing on hybrid-electric airplanes, has successfully raised $107 million in Series B funding from investors including Sagitta Ventures, Air Canada, Breakthrough Energy Ventures, European Innovation Council Fund, EQT Ventures, Lowercarbon Capital, Norrsken VC, United Airlines, and Y Combinator. The company aims to use the funding to further advance the development […] Read more ›
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Espoo-based Paptic recently concluded a growth financing round, raising a total of €27.5 million with significant contributions from investors such as UB Forest Industry Green Growth Fund, Emerald Technology Ventures, SIG InnoVentures, and EIC Fund. The company specializes in the production of wood fiber-based packaging materials as eco-friendly alternatives to conventional plastics. The secured funding […] Read more ›
27
Order of Meta, a game development studio based in Helsinki, has successfully raised $3.3 million in a seed funding round. The funds are intended to finalize the development and launch of their first mobile cross-platform game, Cargo Hunters. Described as a player-versus-player-versus-environment (PvPvE) extraction shooter, the game is set in a deserted Earth where players […] Read more ›
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As the Baltic startup ecosystem continues to redefine norms and propel itself onto the global stage, the unveiling of the Baltic Startup Funding Report by Change Ventures and FIRSTPICK paints a vivid picture of the funding dynamics shaping the region’s entrepreneurial journey. The report casts a spotlight on the nuanced dynamics that underpin the growth […] Read more ›
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Practica Capital has successfully closed its largest fund to date, Practica Venture Capital III, at €80 million, making it the largest seed fund in the Baltic region. This fund is a significant step up in size compared to its predecessor and positions Practica Capital as a leading early-stage investor in the Baltic region. The European […] Read more ›
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Roro, a new gaming studio founded in Stockholm by experienced individuals from Toca Boca and Mojang, has successfully raised €1.5 million in pre-seed funding, with key investors including node.vc and FOV Ventures. Roro’s mission is to pioneer Creative Play through the development of a groundbreaking 3D digital dollhouse, offering a unique space for players to […] Read more ›
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Giant Ventures, a global venture capital firm, has announced a new fund of $250 million (2.6 billion SEK), with a focus on investing in Nordic tech companies that address global challenges in climate, health, and fintech. Approximately 25% of the fund will be directed towards Nordic investments. The initiative is led by Jon Dishotsky, founder […] Read more ›
2
Version Lens, a Stockholm-based company, has secured €1.5 million in pre-seed funding from investors like People Ventures, Curiosity, and Pitchdrive. The company is on a mission to address the lack of dedicated tools for product managers, offering the world’s first co-pilot for them. This tool, focusing on Product Operations, automates tasks, extracts valuable insights, and […] Read more ›
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eloomi, a Copenhagen-based startup specializing in learning experience platform software, is set to be acquired by Ceridian, a global leader in human capital management technology. The acquisition, expected to be finalized in Q1 2024 using existing cash reserves, aims to integrate eloomi’s capabilities into Ceridian’s Dayforce platform. This strategic move seeks to enhance Dayforce by […] Read more ›
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VenomAid Diagnostics, a Copenhagen-based medtech startup, has raised $1.8 million in an extended seed round, backed by private investors and Good Ventures LLC. They specialize in creating affordable and portable snakebite diagnostic tests, like the Bothrops kit, which swiftly identifies snake venom types in a patient’s blood. The funds will support clinical trials in Brazil, […] Read more ›
1
Slush, the renowned hub for innovation and technology in Helsinki, proudly announces Aino Bergius as its new CEO. Aino’s journey, commencing as a high school volunteer in 2014 and culminating in a full-time role in 2020, underscores her unwavering commitment. With a vision for Slush as a global launchpad for founders, she prioritizes a relentless […] Read more ›
0
Reykjavik-based Activity Stream has recently secured an impressive $13.5 million in funding through a merger with Eyrir Ventures and Frumtak Ventures, with additional support from prominent entities like the Shubert Organization and the Export and Investment Fund of Denmark. Specializing in innovative data-informed software solutions, Activity Stream plans to deploy the funds to accelerate product […] Read more ›
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CHOOOSE, an Oslo-based climate tech company, has teamed up with bp to boost its digital platform and offer more lower carbon solutions, especially in challenging sectors like aviation. The partnership involves bp making a strategic investment in CHOOOSE, focusing on initiatives to help airlines meet CORSIA compliance and expand sustainable aviation fuel programs through advanced […] Read more ›
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Aarhus-based fintech Safty has secured $1.6M (DKK11.3 million) in a pre-seed round, led by Upfin, a venture fund specializing in early-stage fintech startups, along with key private investors like Jacob Dahl and others. The company focuses on offering unique customer insights in the banking, insurance, and pension sectors through a combination of public and private […] Read more ›
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Stockholm-based Enqlare AB recently secured $500,000 in funding round led by Motion Ventures. The company specializes in revolutionizing the maritime industry with its innovative software designed for optimizing bulk freight workflows. Enqlare’s focus lies in enhancing collaboration, insight, and automation in the sector. The newly acquired funds will be utilized to fuel Enqlare’s expansion plans, […] Read more ›
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Copenhagen-based startup WARD 24/7, known for its AI-based patient monitoring technology, recently achieved the CE marking and secured around €3.4 million (DKK 23 million) in funding from investors including Innovestor, Sagitta Ventures, and the Export and Investment Fund of Denmark (EIFO). EIFO’s contribution is close to €939K (DKK 7 million). This funding boost will support […] Read more ›
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Joensuu-based semiconductor technology startup Chipmetrics Ltd recently closed a successful €2.4 million in a seed round led by High-Tech Gründerfonds (HTGF) and co-led by OCCIDENT, with participation from investors including Innovestor, REDSTONE, and BALD Engineering. The funds will play a pivotal role in advancing the company’s groundbreaking PillarHall® metrology test chip technology, used for measuring […] Read more ›
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Nordic Bioproducts Group recently inked a Memorandum of Understanding (MOU) with Marubeni Corporation, forging a collaborative front in tackling the global challenge of carbon emissions reduction. The focus of their partnership lies in the sustainable utilization of biomass, specifically woody biomass, as a means to decrease reliance on fossil-based resources. Nordic Bioproducts Group brings its […] Read more ›
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Coana, a startup stemming from Aarhus University, has secured $1.6 million in pre-seed funding, led by Sequoia Capital with additional support from Essence VC and industry experts. Specializing in redefining open-source vulnerability management through cutting-edge program analysis, Coana’s approach hones in on relevant security alerts, offering a precise solution for software application vulnerability management. The […] Read more ›
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Business Insider
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24% 3 |
Tech Wire Asia
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20% 15 |
CNET
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7% 3 |
Eurogamer.net
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6% 1 |
The Verge
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5% 3 |
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28.11.2024 05:45
Last update: 05:36 EDT.
News rating updated: 12:32.
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