Nordic Angels, a prominent network of angel investors in the Nordic region, has appointed Kustaa Valtonen and Peter Vesterbacka as founding members of its new Finnish chapter. Valtonen is recognized for his leadership in the Helsinki-Tallinn tunnel project, while Vesterbacka, a former executive at Rovio Entertainment, played a key role in the global success of […] Read more ›
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Danish ERP solutions provider cspaar has partnered with Sweden’s Qred Bank AB to offer business loans of up to €268.1K (2,000,000 DKK), targeting the growth needs of small and medium-sized enterprises (SMEs) in Denmark. cspaar, known for its user-friendly ERP systems and business optimization tools, is enhancing its offerings by integrating Qred’s swift and transparent […] Read more ›
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Helsinki-based Arctic Instruments, a spinout from VTT Technical Research Centre of Finland, has raised €2.35 million in funding to advance its superconducting microwave amplifier technology, pivotal for scaling quantum computers. The funding round was led by Lifeline Ventures, known for backing early-stage category leaders. Arctic Instruments specializes in manufacturing near-quantum-limited amplifiers, essential for accurate qubit […] Read more ›
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Novatron Fusion Group has secured €3 million in funding from the EIC Pathfinder Program for its TauEB project, which focuses on improving plasma confinement in fusion reactors. The project, developed in collaboration with KTH Royal Institute of Technology, KIPT, UKAEA, and EIT InnoEnergy, seeks to enhance the stability and efficiency of energy containment in fusion […] Read more ›
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Copenhagen-based Endless Food Co has raised €1 million in pre-seed funding to advance its alternative to traditional chocolate, called THIC (This Isn’t Chocolate). The funding, led by Nordic Foodtech VC and joined by EIFO and Rockstart, will help the company build a pilot plant, expand its production capabilities, and grow its team. THIC is made […] Read more ›
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Copenhagen-based Dynelectro, a specialist in solid oxide electrolysis systems, has formalized its collaboration with Italian technology provider SolydEra to deliver a 1 MW electrolyser by September 2025. Leveraging Dynelectro’s expertise in designing efficient and flexible MW-scale electrolyser units, the project aims to support green hydrogen production for European Energy, utilizing electricity from wind power. The […] Read more ›
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Telness Tech, a Stockholm-based telecom technology company, has joined forces with VAS2Nets, a Nigerian tech solutions provider, and Lebara, a global MVNO brand, to launch a new Mobile Virtual Network Operator (MVNO) in Nigeria. This venture aims to deliver high-quality, affordable mobile services to one of Africa’s fastest-growing telecommunications markets. Telness Tech’s automated software platform […] Read more ›
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Antag Therapeutics, a Copenhagen-based biopharmaceutical innovator, has secured €80 million in a Series A financing round led by Versant Ventures. Novo Holdings, SR One, Dawn Biopharma, Pictet, Longview Ventures, and EIFO also participated. The funds will propel the clinical development of AT-7687, a once-weekly GIPR antagonist peptide aimed at revolutionizing obesity treatment by complementing GLP-1-based […] Read more ›
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Helsingborg-based Acorai, a pioneer in non-invasive heart failure management devices, has raised $4.5 million in funding from the European Innovation Council (EIC) Fund, Taiwan Medical University, and private investors. The funding will support the completion of the company’s CAPTURE-HF clinical study, which enrolled over 1,600 patients across 20 hospitals in six countries, and aid in […] Read more ›
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Malmö-based climate tech startup Emission Twin (formerly The Ontology Way) has raised €800,000 (SEK 10 million) in a new funding round to expand its operations and further develop its platform for reducing greenhouse gas emissions. The funding comes from a mix of new and existing investors, including Helsingborg-based Loop Capital and the female-focused investment network […] Read more ›
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Visma has announced plans to acquire Penneo, a Danish-listed SaaS company, through a voluntary cash offer of DKK 16.50 per share, representing a 109.9% premium on its latest closing price. Penneo provides digital signing and Know Your Customer (KYC) solutions tailored to anti-money-laundering-regulated businesses across Europe. The acquisition, backed by major shareholders representing 52.9% of […] Read more ›
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Helsinki-based Zero has secured $2.7 million in pre-seed funding led by 20VC, with participation from 20Growth, 20Product, Discovery Ventures, Illusian, Greens, and angel investors such as James Hawkins (PostHog) and Irena Goldenberg (Highland). The funding will support the development of Zero’s AI-powered “zero-click” CRM, which aims to streamline B2B growth operations by automating tasks like […] Read more ›
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Flowering, a flower supplier based in Copenhagen, has secured a significant boost with the addition of Søren Flemming Larsen, former CEO of Interflora, as an investor. Flowering has already achieved considerable revenue through its digital-first and sustainable business model, which focuses on using environmentally certified flowers, local producers, and surplus blooms to reduce waste. With […] Read more ›
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Xnovo, known for its advanced imaging methods and materials characterization, has been acquired by RAITH Group, a global leader in nanotechnology and metrology systems. Founded in 2012 as a spin-out from the Technical University of Denmark (DTU), Xnovo specializes in innovative imaging algorithms, machine learning, and software for failure analysis and quality control. The acquisition […] Read more ›
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Oulu-based TactoTek has raised $60 million in a funding round led by Nidoco AB, part of Virala Group. The round included contributions from Cornes Technologies, Elo Mutual Pension Insurance Company, European Investment Bank, Finnish Industry Investment Ltd, 3M Ventures, Ingman Group, VTT Technical Research Centre of Finland, Conor Venture Partners, Turret Oy Ab, private investors, […] Read more ›
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Adcendo ApS, a clinical-stage biotechnology company based in Copenhagen, has secured $135 million in an oversubscribed Series B funding round. Led by TCGX, the round saw participation from new investors such as TPG Life Sciences Innovations, Orbimed Advisors, Venrock Healthcare Capital Partners, Surveyor Capital, and Logos Capital, along with existing investors like RA Capital Management […] Read more ›
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Membrane Finance, a Finnish Electronic Money Institution (EMI), is set to be acquired by Paxos, a leading blockchain infrastructure platform. The acquisition, which is still subject to regulatory approval, will see Membrane’s operations integrated into Paxos’ global platform, extending its reach into the European market. For Membrane, this transition will provide access to Paxos’ extensive […] Read more ›
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Neo4j, the Malmö-founded graph database pioneer, has raised $50 million from Noteus Partners, reinforcing its $2 billion valuation as it prepares for a potential IPO. The investment strengthens Neo4j’s balance sheet amidst growing demand for its GenAI-ready graph solutions, cloud expansion, and deepened partnerships. With $200 million in annual recurring revenue, Neo4j leads the graph […] Read more ›
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Rubus, a Scandinavian PropTech company specializing in digital platforms for multifamily construction, has acquired Germany-based bau digital to expand its presence in Europe. The merger combines Rubus’ expertise in streamlining construction workflows with bau digital’s established foothold in the DACH region, creating a unified platform for developers and contractors. With €2 million in new funding […] Read more ›
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Riga-based defence tech startup Origin has secured €4.5 million from the European Defence Fund to develop MPortISTAR, a compact, man-portable drone equipped with laser targeting capabilities for precision-guided munitions. In collaboration with partners from Lithuania and Germany, the project aims to deliver a more affordable and efficient alternative to larger UAV systems, enhancing operational safety […] Read more ›
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07.03.2026 15:09
Last update: 15:01 EDT.
News rating updated: 22:02.
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