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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Tallinn-based influencer marketing platform Modash has acquired Promoty, a CRM-focused influencer platform, to enhance ecommerce brands’ ability to scale creator partnerships. Modash, known for its extensive influencer search and analytics capabilities, aims to integrate Promoty’s workflow tools, streamlining brand-creator collaboration. The move follows Modash’s $12M Series A funding and reinforces its expansion in the Nordics, […] Read more ›
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Fusebox, a leading flexibility provider in the Baltics, has raised €2.6 million to scale its SaaS platform and strengthen its European presence. The round was led by Soulmates Ventures, with participation from SmartCap, Eneco Ventures, and PKO Bank. Fusebox’s Virtual Power Plant (VPP) technology and Energy Management Systems help utilities and industrial clients reduce energy […] Read more ›
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Naco Technologies, a Riga-based company specializing in advanced nano-coating solutions for green energy systems, has raised €2.5 million in an expanded pre-Series A funding round. Radix Ventures led the additional investment, with continued backing from Impact Ventures and Kendris Capital. Naco’s nano-coatings aim to enhance the efficiency and cost-effectiveness of green energy technologies, such as […] Read more ›
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Siena Secondary Fund has launched its €50 million Fund II, marking its first investment with a stake in Katana, an Estonian B2B SaaS startup specializing in cloud-based inventory management. Katana provides modern manufacturers and e-commerce businesses with an all-in-one platform to streamline inventory, production, and order management. Siena, known for providing liquidity to early investors […] Read more ›
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Stockholm-based Bambuser is entering the Chinese market through a partnership with Zara, integrating livestream shopping into the fashion retailer’s e-commerce channels. This collaboration coincides with Zara’s ‘Chinese New Year’ collection, which launched on January 9th and is now available for purchase via shoppable livestreams. The move reflects a broader industry trend, as brands increasingly shift […] Read more ›
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Gothenburg-based Privasea has raised $15M in Series A funding, bringing its valuation to $180M. The round was led by GSR, Amber, and Echo, with continued support from Binance Labs, OKX Ventures, Gate Labs, and Laser Digital. The company plans to use the capital to accelerate the development of its DeepSea AI Network, which combines Fully […] Read more ›
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07.03.2026 13:10
Last update: 13:05 EDT.
News rating updated: 20:02.
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