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Nurcin Metingil @ ArcticStartup · 01/06/2025 19:12 EDT

Denmark’s Eupry advances digital compliance with $24M investment

Eupry, a Copenhagen-based compliance technology company, has raised $24 million in a Series A funding round led by Chr. Augustinus Fabrikker, alongside existing investors Export and Investment Fund of Denmark, Ugly Duckling Ventures and Sagitta Family Office. The company develops hardware and software solutions that integrate validation, monitoring, and calibration processes, catering to highly regulated […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 01/06/2025 08:24 EDT

Agrobiomics raises €1.5M

Agrobiomics, a Nordic bio-agriculture company, has received €1.5 million from Denmark’s Green Development and Demonstration Programme (GUDP) to support its BIORESCUE project. The initiative focuses on validating a natural metabolite-based biostimulant, PTA, to enhance cereal crops’ resilience to drought and other climate-related stressors. Partnering with the University of Copenhagen, Agrolab, and SEGES Innovation P/S, the […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 01/06/2025 07:07 EDT

HERVolution Therapeutics Raises $11.7M Series A

HERVolution Therapeutics, a Copenhagen-based biotechnology company focused on targeting human endogenous retroviruses (HERVs) from the “dark genome,” has secured $11.7 million in Series A funding. The round was led by the Serum Institute of India (SII) with participation fromthe European Innovation Council (EIC) Fund. The funds will support key activities, including manufacturing and advancing the […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 01/03/2025 03:42 EDT

Lithuanian startup Pixevia secures funding to propel AI retail innovations globally

Vilnius-based Pixevia, an AI pioneer in retail technology, has raised €340,000 in a bridge round extension led by Coinvest Capital, contributing €170,000. The round also saw participation from notable business angels, including Vladas Lašas and Renaldas Zioma. Pixevia specializes in autonomous stores and its cutting-edge Retail Core solution, which leverages standard video cameras to optimize […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 12/27/2024 03:01 EDT

Voima Ventures closes €100M+ Fund III to power Nordic and Baltic deeptech

Voima Ventures has closed its €100M+ Fund III, focused on supporting early-stage science and deep tech startups across the Nordic and Baltic regions. The fund plans to invest in 25-30 companies, with initial investments ranging from €200,000 to €3 million, prioritizing innovations in fields like life sciences, energy, food, and advanced AI. Backed by institutions […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 12/24/2024 06:31 EDT

Iceland’s DTE strengthens leadership with Auður Árnadóttir as new CFO

DTE, a Reykjavik-based company in digital transformation for the aluminium industry, has appointed Auður Árnadóttir as Chief Financial Officer. With extensive experience in financial leadership roles across industries such as biotech and renewable energy, Auður brings critical expertise in strategic growth and operational efficiency. Her background, including overseeing complex funding initiatives and scaling operations, aligns […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 12/23/2024 06:29 EDT

ŌURA raises $200M Series D

ŌURA, a leader in wearable health technology, has raised $200 million in Series D funding, increasing its valuation to $5.2 billion. The round saw participation from Fidelity Management & Research Company and Dexcom, a global glucose biosensing firm. The funding will support ŌURA’s development of AI-powered health features, global expansion, and potential acquisitions. The company, […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 12/19/2024 08:31 EDT

Swedish startup grabs $3.5 million to make preventive healthcare accessible

Stockholm-based health tech company Corsmed has raised $3.5 million in seed funding from Luminar Ventures and Big Pi Ventures to further develop its groundbreaking MRI (Magnetic Resonance Imaging) technology. Corsmed’s software reduces MRI scan times from the traditional 45 minutes to just 2-3 minutes while improving diagnostic precision. The funding will accelerate product development and […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 12/19/2024 07:30 EDT

Swedish startup secures €4.2M to make patents more accessible for small businesses

Lightbringer, a Lund-based legal tech company founded in 2023, has raised €4.2 million in a funding round led by Luminar Ventures and Alliance VC, with additional contributions from Zenith Ventures and several Nordic angel investors. The company offers an AI-powered platform designed to simplify patent protection for small and medium-sized enterprises (SMEs) and startups. By […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 3 place · 12/19/2024 05:56 EDT

Swedish companies collaborate on eco-friendly shoe fresheners with 50% lower CO2 footprint

Swedish startup Adsorbi, SmellWell and Icebug have formed a partnership to develop Freshener Inserts, a new product designed to reduce the environmental impact of shoe deodorizers. The inserts are made from cellulose derived from Nordic wood, offering a sustainable alternative to traditional odor removers like activated carbon. Adsorbi, a greentech startup founded on research from […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 12/19/2024 03:46 EDT

Orijin raises funding

Orijin, a B2B SaaS company transforming agricultural supply chains, has secured strategic funding from Brainforest Association and Gorilla Capital to advance sustainability in coffee and cocoa production. Armed with cutting-edge tools for traceability, compliance, and environmental protection, Orijin empowers producers to meet stringent standards like the European Union Deforestation Regulation (EUDR). The company’s innovative approach […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 12/18/2024 04:28 EDT

Finland’s Nordic Bioproducts Group forms Southern European partnerships to expand MCC supply

Nordic Bioproducts Group (NBG), a Finnish manufacturer of Microcrystalline Cellulose (MCC), has partnered with C.Q. Massó in Spain and Portugal and secured a distributor in Italy to strengthen MCC supply for the beauty and personal care industries. These partnerships aim to support manufacturers in meeting evolving EU regulations on harmful ingredients and product traceability. MCC, […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 12/18/2024 04:03 EDT

T-robotics raises $5.4M seed

T-robotics, based in San Francisco and Trondheim, has secured $5.4 million in Seed funding co-led by Emergent Ventures and Engine Ventures, with additional participation from Berkeley Skydeck and Raisewell. The company develops ActGPT, a robot-agnostic software that uses natural language and pre-trained AI models to simplify programming and enhance the adaptability of industrial robots. The […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 3 place · 12/17/2024 09:09 EDT

Settle acquired by Sokin

Norwegian fintech Settle has been acquired by UK-based payments firm Sokin in a strategic move to enhance technological capabilities and expand market presence. Founded in 2010, Settle revolutionized mobile payments in the Nordics with the launch of the first mobile payment platform in Norway, mCASH. Today, Settle’s platform enables consumers and businesses across Europe to […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 12/17/2024 08:55 EDT

Swedish fintech startup closes €22 million funding round to accelerate growth in embedded finance

Stockholm-based fintech company Mynt has raised €22 million in a Series B funding round, bringing its total funding to over €50 million. The round was led by Vor Capital, with participation from existing investors CNI and Incore. Mynt provides corporate credit cards and spend management solutions tailored to SMEs, with a focus on integrating its […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 12/17/2024 08:35 EDT

HeavyFinance raises €14M

HeavyFinance, a climate tech company dedicated to advancing sustainable agriculture, has secured €14 million in funding through a partnership with Multitude Bank. The investment, supported by a €10.5 million portfolio guarantee from the European Investment Fund (EIF), will enable HeavyFinance to provide loans to small- and medium-sized farms across the EU, helping them adopt regenerative […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 12/17/2024 08:10 EDT

Maria 01 startups surpass €1 billion in funding amid Finland’s startup surge

Maria 01, the Nordics’ largest startup hub, has announced a milestone achievement. Its member and alumni startups have collectively raised over €1 billion in funding since 2016, reflecting the hub’s growing role in Finland’s innovation landscape. The funding milestone underscores Maria 01’s position as a key driver in early-stage venture capital investments, with member and […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 12/17/2024 07:46 EDT

Lithuanian agtech startup Freya Cultivation Systems raises funding for aeroframe system development

Freya Cultivation Systems, a Lithuania-based AgTech startup, has raised €500,000 in seed funding from Coinvest Capital, BSV Ventures, and private investors Paulius Vilemas and Marko Lehtovaara. The funding will be used to build a demonstration greenhouse near Kaunas to test and validate the company’s Aeroframe system, a three-dimensional greenhouse technology designed to increase crop yields […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 12/13/2024 08:47 EDT

Finnish sustainable acoustic tile maker plans new factory and expanded production with €29M series A funding

Aisti, a Jyväskylä-based company specializing in acoustic tiles made from renewable wood fibers, has secured €29 million in Series A funding to build its first commercial factory in Kitee, Finland. The round included contributions from investors such as Voima Ventures, Maki.vc, and the Valve Ventures consortium, along with non-equity financing from Norion Bank, the South […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 12/13/2024 07:25 EDT

AgriRobot raises funding

AgriRobot, a Lyngby-based company developing safety software for autonomous agricultural robots, has raised over €2.5M in equity and grant funding in its latest round, led by Norminal Ventures with participation from Tall Grass Ventures. AgriRobot specializes in functional safety for equipment manufacturers transitioning to autonomous operations. The company focuses on creating certifiable software to ensure […] Read more

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