Hadean Ventures recently closed its Hadean Capital II fund at €144 million, exceeding its initial target of €125 million. The funding comes from a mix of both existing and new investors, including notable organizations like EIF, KfW Capital, and Tesi. Hadean Ventures specializes in investing in early-stage life science startups across Europe, focusing on areas […] Read more ›
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Podimo, a Copenhagen-based podcast and audiobook subscription service, recently secured €44 million in combined funding from investors like The Danish Export and Investment Fund (EIFO), HighlandX managed by Highland Capital Partners, and Chr. Augustinus Fabrikker. The company specializes in providing a platform for podcasts and audiobooks, focusing on diverse and local content. This funding is […] Read more ›
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Naco Technologies, a Rgia-based company specializing in advanced nano-coatings for green hydrogen systems, recently secured a significant investment of €1.2 million in a pre-Series A round. This funding came from two notable backers, Impact Ventures and The Untitled Ventures. Naco Technologies has made remarkable strides in improving the effectiveness and durability of electrolyzers and fuel […] Read more ›
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Thanks to the EIT Food initiative, agritech companies can test and improve their innovative solutions collaboratively with farmers. All consumers will benefit from the fruits of this cooperation. European farmers also face various challenges. The most significant include climate change, which largely determines the course of plant growth and affects the growth and cultivation of […] Read more ›
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DTE, headquartered in Reykjavik, successfully concluded its Series A2 funding round, amassing a total of $16 million. This round saw an initial $10 million secured earlier in the year, including investments from aluminum industry leader Novelis, VC firm Metaplanet, the European Innovation Council (EIC) Fund, and previous investors Chrysalix Venture Capital and Brunnur Ventures. The […] Read more ›
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Thanks to the EIT Food initiative, agritech companies can test and improve their innovative solutions collaboratively with farmers. All consumers will benefit from the fruits of this cooperation. European farmers also face various challenges. The most significant include climate change, which largely determines the course of plant growth and affects the growth and cultivation of […] Read more ›
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Kaunas-headquartered medtech startup Sentante recently raised €6 million in seed funding. The investment was led by Practica Capital and involved the EIC Fund. The startup specializes in creating teleoperated robotic systems designed to transform the way doctors perform procedures for cardiovascular diseases like stroke and heart attacks. Their technology aims to digitize these procedures, offering […] Read more ›
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Tartu-based SKYCORP Technologies secured €305K in pre-seed funding from investors such as Destiny Energy, Baltic Sandbox Ventures, Syda Ventures, and angel investor Artur Dianov. The company specializes in developing and manufacturing hydrogen drones and related infrastructure for long-endurance applications, aiming to transform aerial operations by providing sustainable solutions powered by hydrogen fuel cell technology. With […] Read more ›
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Reykjavik-based startup PayAnalytics, renowned for its innovative approach to tackling pay inequity through data analytics, was recently acquired by beqom, a leading provider of comprehensive compensation and performance management solutions. This acquisition signifies a strategic alignment between PayAnalytics’ expertise in quantifying and addressing pay disparities and beqom’s robust compensation management platform. PayAnalytics’ user-friendly software enables […] Read more ›
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Exponential Technologies, a startup based in Riga, obtained €280K funding from the Horizon Europe programme. This funding is meant to support their efforts in developing advanced multi-material 3D printing techniques using machine learning and data science. The company specializes in creating digital models for these innovative printing processes. With this financial backing, Exponential Technologies plans […] Read more ›
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Meniga, a fintech company based in Reykjavik, recently raised €15 million in Series D funding. Notable backers in this round include major European banks like Groupe BPCE and Crédito AgrÃcola, alongside Icelandic VC group Omega ehf and existing shareholders. The company’s focus lies in offering advanced solutions for Personal Finance Management to large banks and […] Read more ›
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Digital Mind, a Baltic business process digitalization specialist, will acquire Poland’s EIP Dynamics, a prominent Microsoft ERP solutions provider, financed by Livonia Partners. This strategic move aims to bolster Digital Mind’s capabilities, facilitating cross-border teams to serve large local and international clients in complex digitization needs. Anticipating approval in 2024, the acquisition positions Digital Mind […] Read more ›
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Reykjavik-based Exmon Software, known for its expertise in handling data quality and master data management, has been acquired by Danish company TimeXtender. This strategic move aims to boost Exmon’s growth and innovation prospects. By joining forces with TimeXtender, Exmon anticipates offering better services to its customers while expanding its global presence. The goal is to […] Read more ›
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Seasony, a Copenhagen-based company focused on using innovative mobile robotics for indoor farming, recently secured €1.5 million in funding. This investment came from notable investors like North Ventures, the Export and Investment Fund of Denmark, and several experienced business angels including Vagn Ove Soerensen, Torben Wind, Klaus Holse, Barbara Taudorf Andersen, Nicolaj Reffstrup (Look Up […] Read more ›
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ReykjavÃk-based Controlant recently concluded an $80 million funding round, securing $40 million from the Icelandic pension fund Gildi, alongside other pension funds, private investors, and existing shareholders, in addition to $40 million in debt financing from funds advised by Apax Credit in September. Specializing in real-time solutions for pharmaceutical supply chains, Controlant aims to achieve […] Read more ›
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Proemial, an AI startup based in Aarhus, recently secured €2 million in funding co-led by People Ventures and Dreamcraft Ventures, and supported by angel investors and advisors from influential tech companies such as Apple, Google, and Metaincluding academic luminary Serge Belongie from The Pioneer Centre for AI in Copenhagen. Werner Vogels, CTO of Amazon, served as […] Read more ›
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Herning-based formidable force in the Nordic IT domain, itm8, revealed a monumental merger consolidating 13 distinguished companies under its umbrella. This union marks the coming together of IT Relation, AddPro Denmark, JDM, Mentor-it, Cenvation, Miracle42, Copenhagen Software, Sotea, AddPro Sweden, Improsec, Me’ning, Progressive, and Emineo, collectively under the unified banner of itm8. With a combined […] Read more ›
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Ecobase, a startup focused on reforestation based in Tallinn, recently raised €2.5 million in seed funding. The investment was led by Combiwood Grupp, a prominent conglomerate in Estonia’s woodworking industry. Ecobase helps European landowners access funding for carbon initiatives by providing them with a platform and support network. This enables the implementation of afforestation and […] Read more ›
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Magic Feedback, a Copenhagen-based AI startup, recently secured a pre-seed investment of €1.2 million, led by Maki VC and supported by individual angel investor Geeta Schmidt, former CEO and Co-founder of Humio. The company specializes in providing a unified platform that leverages AI to aggregate, organize, and analyze scattered user feedback from various sources like […] Read more ›
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Espoo-based Boreal Bioproducts®, previously known as Montinutra, secured €2 million in pre-A funding led by Metsä Spring, a corporate venture unit of Metsä Group, along with a group of private investors. Specializing in converting overlooked forest industry sidestreams into valuable, eco-friendly biochemicals to replace fossil-based materials in industries like cosmetics and chemicals, Boreal Bioproducts® plans […] Read more ›
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Tech Wire Asia
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Business Insider
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22% 2 |
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8% 6 |
Gizmodo
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Eurogamer.net
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4% 1 |
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28.11.2024 10:48
Last update: 10:41 EDT.
News rating updated: 17:41.
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