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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Helsinki-based Aibidia has made a strategic move by appointing Matthias Grabellus, formerly associated with Celonis and SAP, as its Chief Product Officer and renowned for his pivotal role in shaping SAP’s groundbreaking S/4HANA platform. The company is focused on fortifying its purpose-built platform, anticipating a transformative impact on how global professionals navigate cross-border complexities, generating […] Read more ›
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Stockholm-headquartered startup Telness Tech has appointed Stefan Tengvall as Chief Strategy Officer (CSO). Tengvall, known for successfully scaling tech companies globally, will guide strategic decisions as the company expands into new markets. The company specializes in cloud-based mobile operator solutions, focusing on innovation and customer satisfaction. Tengvall’s role is crucial as Telness Tech aims to […] Read more ›
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Oslo-based proptech startup Plaace has secured €885k in funding, with RunwayFBU leading the investment round and support from existing investors OBOS and Blommenholm Industrier, along with €177K from Innovation Norway. Plaace specializes in providing user-friendly decision support for the less digitized retail industry and saw impressive growth in 2023, tripling its revenue and expanding its […] Read more ›
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SportAdmin, a Malmö-based company providing specialized software for sports clubs, has been acquired by Lime Technologies, a SaaS and customer management company. Lime now owns 85% of SportAdmin’s shares for €13.1 million (SEK 149 million), with plans to acquire the remaining 15% by 2027. SportAdmin will continue operating independently within Lime, leveraging Lime’s expertise to […] Read more ›
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Hässleholm-based startup RECOMA has secured a strategic investment from Kiilto Ventures to accelerate its groundbreaking work in sustainable construction solutions. Specializing in converting packaging waste into low-carbon, circular construction boards, RECOMA’s patented process involves sterilizing and transforming discarded materials into durable alternatives to traditional construction materials. The funding infusion will empower RECOMA to significantly scale […] Read more ›
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Oslo-based VC firm Sandwater has successfully closed its venture fund at €123,2 million (1.4 billion NOK), exceeding its target and becoming one of Europe’s largest first-time venture funds in 2023. The fund attracted significant support from institutional and international investors. Sandwater focuses on early-stage companies addressing global challenges in climate, energy, and healthcare. They have […] Read more ›
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DelSiTech, a Turku-based drug delivery and development company, has successfully secured €10 million in its largest financing round to date, with over €9 million contributed by new investors DRW Venture Capital LLC and Tolmar International Ltd, alongside existing shareholders. Specializing in silica-based drug delivery technology, DelSiTech plans to utilize the funding to advance its proprietary […] Read more ›
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1X, an AI and robotics company in Moss, Norway, has raised $100 million in Series B funding, led by EQT Ventures and other global investors. The funding will be used to launch their second-generation android, NEO, designed for home assistance and various domestic tasks. The company, known for creating safe androids to work alongside humans, […] Read more ›
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N-ink, a Norrköping-based tech company founded in 2020, recently won Voima Ventures‘ science challenge, earning a €1 million investment. N-ink specializes in advanced conductive polymers to improve battery and solar cell performance for future electrification solutions. The victory highlights N-ink’s commitment to sustainability and innovation. Voima Ventures, an early-stage investor, is excited to support N-ink, […] Read more ›
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Three Finnish women entrepreneurs—Laura Knuuti, Annamari Jukkola, and Enni Karikoski—have received €10,000 each through Visa‘s She’s Next grant program. This initiative, now in its second year, focuses on supporting female entrepreneurs in developing their businesses and enhancing visibility. The awardees include Niimaar, a circular economy company; Mö Foods, Finland’s pioneering oat dairy; and Keloa, an […] Read more ›
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The Human Touch Robotics, based in Oslo, has secured a €1.76M (20 million NOK) seed round investment from venture capital firms ProVenture and Voima Ventures. Specializing in revolutionizing the online grocery sector, the company develops innovative robotic solutions to automate the packing process for online groceries. The funding will be utilized to refine technology, achieve […] Read more ›
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SwiftCourt AB, a platform specializing in secure peer-to-peer transactions in Malmø, has secured €2 million in seed funding, led by UAE-based investment company XVC Tech. SwiftCourt’s digital solutions include e-signing for sales contracts and secure P2P payment services. The funding will fuel the company’s expansion into Asia-Pacific markets like India, Bangladesh, and Sri Lanka. Partnering […] Read more ›
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Helsinki-based smart energy storage systems developer Cactos has successfully raised over €26 million in equity investments, with leading contributions from OP Finland Infrastructure LP and the Finnish Climate Fund. Specializing in providing behind-the-meter smart energy storage systems, Cactos aims to optimize local consumption, improve grid resilience, and engage in grid-level operations. The company plans to […] Read more ›
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Ballerup-based Monsido has been acquired by Acquia. Monsido platform is a SaaS-based solution focused on website accessibility, content quality, search engine optimization (SEO), data privacy, and performance while Acquia is a leading digital experience platform (DXP) provider. The acquisition enhances Acquia’s DXP capabilities, allowing for the creation of user-friendly websites meeting modern standards like WCAG. […] Read more ›
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Artelize, a Copenhagen-based platform dedicated to the performing arts, has successfully secured €1 million in a pre-seed funding round led by investors like Bjørn Bruun, Founder of Bruuns Bazaar, and Peter Jakobsen of Human Act Development, alongside other angel investors. Additionally, as part of this round, the company received a Government grant from the Danish […] Read more ›
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Enifer, an Espoo-based biotech startup, secured over €12 million in grant funding from Business Finland and the European Union’s NextGenerationEU program to build a pioneering commercial-scale factory for its proprietary PEKILO® mycoprotein ingredient. The company specializes in producing sustainable protein through fungal fermentation technology, repurposing industrial by-products into a food-grade ingredient rich in protein and […] Read more ›
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Kost Capital, a newly established venture capital fund, is dedicated to supporting the next wave of food tech startups. With an initial close of a €25 million fund in collaboration with EIFO, the fund aims to revolutionize the food industry by addressing pressing issues like a growing population, climate change, food waste, health concerns, and […] Read more ›
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Tallinn-based AI-powered quality management platform Klaus, also an alumni of Zendesk’s Startup Incubator program, recently announced its acquisition by Zendesk, a prominent customer service solutions provider. Klaus specializes in comprehensive quality assurance for customer service interactions, while Zendesk offers customer service software solutions that help businesses manage and engage with their customers across multiple communication […] Read more ›
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FLEXeCHARGE, based in Copenhagen, recently received a significant amount of funding (specifically 7-figure) from notable venture capital firms like Greencode Ventures, Link Capital, and Vireo Ventures. The company specializes in advanced energy management solutions for electric vehicle charging, aiming to seamlessly integrate EV charging infrastructure with the power grid for a more efficient and sustainable […] Read more ›
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Espoo-based Koite Health Oy has achieved a significant milestone in its mission to revolutionize oral health technology. The company recently concluded a highly successful autumn share issuance, securing more than €4 million in growth financing. Conducted between October and December 2023, the funding round received an overwhelming response from both domestic and international investors, with […] Read more ›
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Most popular sources
Business Insider
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23% 1 |
Tech Wire Asia
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21% 15 |
CNET
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8% 5 |
Gizmodo
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5% 2 |
The Verge
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5% 4 |
| View sources » | |
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28.11.2024 08:00
Last update: 07:56 EDT.
News rating updated: 14:51.
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