Calluna Pharma Inc. has secured €75 million in a Series A financing round, led by Forbion and featuring participation from Norwegian investors Sarsia, p53, and Investinor. The company has been established through the merger of Oxitope Pharma and Arxx Therapeutics, aiming to develop therapies for inflammatory and fibrotic diseases by targeting innate immune system components. […] Read more ›
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Stockholm-based H2 Green Steel has successfully secured approximately €6.5 billion in funding, consisting of €4.2 billion in debt financing, an extra €300 million in equity, and a €250 million grant from the EU Innovation Fund. The company, established in 2020, is dedicated to reducing carbon emissions in challenging industries, starting with steel production that boasts […] Read more ›
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As a seasoned consumer, I’ve encountered my fair share of customer service nightmares that have left me questioning the very fabric of corporate empathy. Whether it’s airlines that won’t accept you paid for extra services and make you pay again at check-in, products that don’t work as advertised and need returning, or getting refunds on […] Read more ›
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Finland’s quantum technology efforts just got a significant boost with a €13 million injection from the Research Council of Finland. This funding supports the Finnish Quantum Flagship (FQF), a project involving several key organizations set to kick off in March 2024. The FQF aims to enhance quantum expertise, foster collaboration, attract global talent, initiate new […] Read more ›
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Tallinn-based 2C Ventures has launched a €50 million fund to support early-stage cleantech companies in Estonia and the New Nordics, focusing on areas like renewable energy and waste reduction. The fund, with SmartCap as its anchor investor and additional support from Estonian entrepreneurs, aims to address climate change and make a climate-neutral economy a competitive […] Read more ›
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The Taaleri SolarWind III Fund, Taaleri Energia’s sixth renewable energy fund, has recently concluded its second funding round, securing €430 million in commitments. This sustainable investment fund, recognized as a dark green Article 9 Fund, focuses on utility-scale renewable energy projects across various regions, including the Nordics & Baltics, Poland, Southeast Europe, Spain, and Texas. […] Read more ›
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Stockholm-based Resolution Games and Wizards of the Coast, a subsidiary of Hasbro, have joined forces to develop the first virtual reality game set in the Dungeons & Dragons (D&D) universe. Resolution Games, known for their popular digital tabletop adventure Demeo, expressed their enthusiasm for creating an immersive D&D experience in virtual reality. The collaboration aims […] Read more ›
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Monta, the EV charging platform in Copenhagen, has successfully raised €80 million in a Series B funding round, with participation from investors including Energize Capital, GreenPoint Partners, Denmark’s Export and Investment Fund, and Quantum Light. The Series B also included participation from returning investors Headline, byFounders, AENU and Creandum and new investor, Quantum Light. The […] Read more ›
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Turku-based food education startup Vegemi has successfully raised €0.5 million in funding from prominent investors, including Stefan Lindberg, Sophia Ehrnrooth, Matti Kukkonen, Tradeka Corporations, and Heino Group. Vegemi focuses on addressing inadequate fruit and vegetable consumption among Finnish children aged 3-8 through its innovative mobile app, launched in 2022, which utilizes XR image recognition and […] Read more ›
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Copenhagen-based Reel has secured €5 million in seed funding led by Transition, a climate-focused venture capital fund, with participation from existing investors like UVC Partners, The Footprint Firm and a group of energy specialists and successful founders including the Chief Project Development Officer of Climeworks, Daniel Nathan, and the Co-founder of Netlify, Christian Bach. The […] Read more ›
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Helsingborg-based medical device startup Acorai recently closed an oversubscribed series seed equity round, securing over $4.5 million in funding from investors such as Solardis Health Ventures, KHP Ventures, Carma Fund, and other US investors to finance clinical studies and advance regulatory approval. This funding success follows a prior boost of €2.3 million in non-dilutive grant […] Read more ›
5
CardioSignal, a Turku-based health tech company, recently secured $10 million in Series A funding, with DigiTx Partners leading the round and participation from Sandwater and existing investor Maki.vc. Notably, David J. Kim, M.D., managing director of DigiTx, will be joining the company’s board. This new funding brings CardioSignal’s total raised capital to $23 million. The […] Read more ›
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Plural, a Tallinn & London-based venture capital firm, has recently secured an impressive €400 million fund dedicated to nurturing early-stage “transformational” startups in the region. The fund exceeded its initial target despite challenges in the European venture capital landscape, with a notable U.K. academic institution participating as a key investor. Plural’s prior €250 million fund, […] Read more ›
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Vilnius-based fintech companies AMLYZE and Satchel have recently announced a strategic partnership focused on enhancing compliance standards in the digital banking sector. Satchel is recognized for its commitment to cutting-edge services and strong adherence to regulatory compliance and client security while AMLYZE specializes in anti-financial crime solutions through Software-as-a-Service (SaaS). The collaboration aims to leverage […] Read more ›
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Vesper Bio, a clinical-stage biotech company based in Copenhagen, has secured a grant of approximately $873K from The Michael J. Fox Foundation for Parkinson’s Research (MJFF). Specializing in sortilin receptor biology, Vesper Bio develops orally administered, small molecule sortilin inhibitors, particularly focusing on their potential to elevate central progranulin levels for treating central nervous system […] Read more ›
2
HeavyFinance, a Vilnius-based climate tech investment platform, has successfully secured a substantial €50 million in funding from a global community of over 10,000 investors. Specializing in financing sustainable agricultural projects across Europe, the company aims to support nearly 1,700 diverse initiatives in countries like Bulgaria, Latvia, Lithuania, Poland, and Portugal. The funding is earmarked to […] Read more ›
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Tampere-based StemSight and US-based ERS Genomics have signed a non-exclusive agreement allowing StemSight access to ERS Genomics’ CRISPR/Cas9 patent portfolio. StemSight, a biotech company working on stem cell-based therapies for corneal blindness, considers this partnership a significant step forward. By using CRISPR/Cas9 technology, StemSight aims to address challenges in existing cell therapies and move closer […] Read more ›
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Stockholm-based SaaS startup TrusTrace has successfully raised a growth investment of $24 million, led by Circularity Capital and joined by existing investors Industrifonden and Fairpoint Capital. TrusTrace’s platform enables brands to digitize and standardize supply chain data, supporting risk management, compliance, and sustainability efforts. With this funding, TrusTrace plans to enhance its global expansion by […] Read more ›
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Stockholm-based Aira has successfully raised €145 million in a Series B funding round, with notable investors including Altor, Kinnevik, and Temasek. The funding, significantly surpassing its initial €85 million target, demonstrates robust support from leading climate tech investors across Europe, the US, and Asia. The oversubscribed round also saw participation from the Burda family, Collaborative […] Read more ›
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Copenhagen-based 21st.BIO has joined forces with German biotech AMSilk to enhance the production of advanced materials derived from spider silk-based proteins. Leveraging over 40 years of expertise in precision fermentation technology, 21st.BIO has developed a specialized protein production strain using precision fermented microorganisms. This strain enables extracellular expression of silk proteins, ensuring AMSilk can efficiently […] Read more ›
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Most popular sources
Business Insider
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26% 5 |
Tech Wire Asia
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20% 14 |
CNET
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7% 3 |
Eurogamer.net
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6% 1 |
The Verge
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4% 5 |
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28.11.2024 06:39
Last update: 06:34 EDT.
News rating updated: 13:33.
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