Lund-based Yazen Health has announced the completion of an oversubscribed €19.5 million Series A funding round aimed at bolstering its growth and international presence in the obesity treatment sector. The funding was co-led by Evli Growth Partners and Helsana HealthInvest, with additional participation from Almaz Capital and Yabeo, as well as existing investors Luminar Ventures […] Read more ›
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Helsinki-based Innomost has appointed Tiina Bensky as its new CEO to spearhead the company’s international expansion. Bensky brings over 20 years of experience in the beauty industry, having held senior roles at L’Oréal and Lumene, where she focused on brand development and marketing strategies. Innomost produces sustainable, bio-based materials derived from upcycled birch bark, targeting […] Read more ›
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Solna-based Thioredoxin Systems AB (TXN Systems) has announced the closing of a SEK 25 million (USD 2.4M) Series A funding round to support the development of EbsArgent™, a new antibiotic targeting multidrug-resistant urinary tract infections (UTIs). The financing saw participation from prominent investors, including Mikael Lönn, MD, Jens Mogensen, GU Ventures, Vasa Angels, and Annexstruktur. […] Read more ›
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Kanpla, an Aarhus-based SaaS company focused on the contract catering industry, announced the completion of an €8 million Series A funding round, led by Dutch venture capital firm HenQ. The funding aims to support Kanpla’s expansion into the U.S. market and facilitate further growth across Europe. The global contract catering market, valued at around €285 […] Read more ›
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Modash, based in Tallinn, has raised $12 million in Series A funding to bolster its influencer marketing platform, particularly focusing on enhancing AI-enabled search and an in-platform payment system. This funding round was led by henQ VC with the participation of existing investors such as Icebreaker.vc and Change Ventures. The fresh capital will support improvements […] Read more ›
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Flower, a Stockholm-based energy tech firm, has finalized a €20M addition to its Series A funding round, closing it at €45M and bringing total investment to €100M. Founded in 2020, Flower is working on optimizing Europe’s evolving energy systems by combining AI-driven platforms with Battery Energy Storage Systems (BESS). Northzone led the round, joined by […] Read more ›
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Finfra, an embedded lending API startup founded by Latvian entrepreneurs Reinis Simanovskis and Markus Prommik, has secured a $2.5 million funding round and formed a strategic partnership with digital banking group Tyme. Led by Cento Ventures and supported by Accion Venture Lab, Z Venture Capital, Avafin founder Matiss Ansviesulis, Hustle Fund, and FIRSTPICK, the new […] Read more ›
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Every harvest season, farmers face a critical yet often overlooked challenge: the efficient use of nitrogen fertilizers. Mismanagement not only strains their finances but also contributes to a global environmental crisis. Lensor answers this pressing challenge with a pioneering approach, leveraging cutting-edge AI and remote sensing to transform agricultural practices worldwide. This Nordic startup is […] Read more ›
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Vinted, a second-hand fashion marketplace based in Vilnius, has secured €340 million in a secondary share sale, primarily led by TPG, which values the company at €5 billion. This funding round also includes participation from investors like Hedosophia and Baillie Gifford. The capital will be directed towards further growth initiatives, such as expanding into new markets, […] Read more ›
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Vixichain, a blockchain startup located in Vilnius, Lithuania, has secured $7 million in funding to help address the reluctance of Traditional Finance (TradFi) institutions to engage with public blockchains. The specific investors backing this round have not been disclosed. The company plans to use the funds to bolster research and development efforts, forge strategic alliances […] Read more ›
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Malmö-based pea drink company Sproud has secured an investment from British presenter and entrepreneur Maya Jama, who will also take on a partnership role. This collaboration is expected to aid Sproud’s ongoing expansion, particularly in the UK market, where it has seen significant growth. Founded in 2018, Sproud has positioned itself as a viable alternative […] Read more ›
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Reykjavik-based Alda has entered into a long-term subscription agreement with Aker Solutions to provide its Diversity, Equity, and Inclusion (DEI) software across Aker’s operations. Alda’s platform, launched just a year ago, uses real-time data and AI-driven insights to support companies in managing DEI efforts. This partnership means Aker Solutions, a major entity in the global […] Read more ›
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Stockholm-based EvoluteIQ has raised $20 million in a funding round led by Round2 Capital, with additional investments from Nordea Growth Fund, DCAP Select, and PH Ventures. The funding will be allocated to expanding EvoluteIQ’s AI-driven automation platform and strengthening its global reach. With a focus on sectors such as healthcare, banking, financial services, and insurance, […] Read more ›
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Navigating the world should be effortless for everyone, yet for millions of people with reduced mobility (PRMs), even the simplest journeys can become complex and stressful. From crowded airports to vast cruise terminals, the lack of accessible, reliable solutions forces many to rely on assistance, often stripping them of independence. Inclusive Mobility, a forward-thinking startup […] Read more ›
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Helsinki-based Avenue Biosciences has raised $2.5 million in seed funding, led by Voima Ventures, with participation from Inventure and US angel investors. The company focuses on protein engineering technologies that aim to improve efficiency in the biopharmaceutical industry. The funding will be utilized to advance their AI-enhanced platform, which addresses challenges related to the production […] Read more ›
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Vejen-based FarmDroid has secured €10.5 million in funding to support the expansion of its autonomous, solar-powered agricultural robots into the conventional farming market. The investment round, led by Convent Capital with participation from EIFO and Navus Ventures, aims to enhance the company’s operational capabilities and market presence. FarmDroid’s technology focuses on automating sowing, weeding, and […] Read more ›
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Riga-based defence tech startup Origin Robotics has raised €4 million in pre-seed funding, with €2.4 million coming from venture capital led by Change Ventures and €1.6 million from grants provided by the EU and the Latvian Ministry of Defence. Founded in 2022 by Agris Kipurs and Ilya Nevdah, the company is developing the BEAK, a […] Read more ›
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Helsinki-based DataCrunch has secured $13 million in a seed funding round led by byFounders, with participation from J12 Ventures, Local Tapiola, Nordea, and a group of prominent angel investors including Lasse Espeholt, Nal Kalchbrenner, Oskari Saarenmaa, Henrik Rosendahl, Anders Bo Pedersen, Maaike Bryon, Ari Tulla, Tuomo Riekki and Tapio Tolvanen. DataCrunch aims to become Europe’s […] Read more ›
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Espoo, Finland (September 18-19, 2024) In collaboration with Aalto University and City of Espoo, ArcticStartup Events launched Nordic Deep Tech Business Summit (NORDEEP) to connect the research teams and deep tech startups to funding, talent, expertise and clients. The third NORDEEP Summit will bring together over 700+ scientists, entrepreneurs, investors and corporate representatives on September […] Read more ›
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Waste sorting is a fundamental step in the journey towards a circular economy, yet it remains a challenge for many. Contaminated recycling bins, inefficient sorting practices, and a general lack of awareness can all impede the process, leading to more waste ending up in landfills. This is where WasteLocker steps in. The startup is redefining […] Read more ›
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Most popular sources
Business Insider
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21% 12 |
Wired
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10% 6 |
The Verge
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8% 2 |
Android Authority
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7% 4 |
Tech Wire Asia
|
7% 3 |
| View sources » | |
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27.11.2024 05:31
Last update: 05:25 EDT.
News rating updated: 12:23.
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