Minut, a Malmö-headquartered property monitoring company, has surged ahead in its trajectory with an additional $5 million boost from London-based venture capital firm Smedvig Capital. This extension has catapulted its Series B round to an impressive $20 million, consolidating support from a consortium of investors, including Almaz Capital, Zenith, Kompas, Karma, KPN Ventures, SOSV, Verve, […] Read more ›
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Copenhagen-based biotech company Freya Biosciences has secured a significant $38 million in Series A financing, led by Sofinnova Partners and OMX Ventures, alongside several other investors including The Export and Investment Fund of Denmark, Angelini Ventures, Mike Jafar Family Office, CE-Ventures, Corundum Systems Biology, and Indaco Venture Partners. The company focuses on advancing reproductive immunotherapies, […] Read more ›
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FineCell, a Stockholm-headquartered innovator in biobased materials, has announced the successful conclusion of its latest funding round, securing a substantial €1 million. The funding was spearheaded by Metsä Group‘s innovation arm, Metsä Spring, along with EIT InnoEnergy. FineCell specializes in transforming cellulose from Nordic forests into eco-friendly biobased materials such as dry cellulose powder and […] Read more ›
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Arbonics, a Tallinn-based naturetech firm dedicated to combating climate change through its innovative forest carbon removal platform, has recently announced securing a significant €5.5 million seed investment from NordicNinja, Plural, and Tilia Impact Ventures. Arbonics specializes in developing a cutting-edge forest carbon removal platform that utilizes advanced technology and data analytics to provide transparent, accurate, […] Read more ›
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Copenhagen-headquartered Heartcore Capital has unveiled a move in the realm of cryptocurrency investment by announcing the initial closing of their dedicated Web3 fund, Heartcore Capital Web3 I. The fund, tailored specifically for crypto-native protocols and their native tokens, is designed with a sharp focus on the application layer within the Web3 ecosystem. The initial closing […] Read more ›
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Tallinn-based Woola recently secured €2.5 million in funding from investors such as Metaplanet, Future Ventures, Lemonade Stand, and new angel investors. Specializing in sustainable packaging solutions, Woola utilizes sheep wool to replace plastic packaging in ecommerce and luxury markets. The funding infusion is earmarked for scaling operations, primarily bolstering the sales and marketing teams and […] Read more ›
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Finland’s VC firms Innovestor and Business Finland Venture Capital introduced Finland’s inaugural co-investment fund worth €30 million, aiming to boost early-stage investments in Finnish startups by partnering with groups of angel investors. This pioneering fund enables angel investors to collaborate with the fund, managed by Innovestor, facilitating quicker and larger investments ranging from €50,000 to […] Read more ›
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Aira, a Stockholm-based clean energy-tech company, recently secured €86M (SEK 1 billion) in equity funding from a consortium of climate and innovation-focused investors including Altor, Collaborative Fund, Creades, Kinnevik, and Lingotto. Specializing in transitioning Europe away from gas-based residential heating, Aira offers intelligent heat pumps that significantly reduce CO2 emissions and heating costs. This funding […] Read more ›
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Hoba Therapeutics, a Copenhagen-based biotech company specializing in novel therapeutic proteins for chronic neuropathic pain and hearing loss, secured €23 million in a Series A financing led by Indaco Venture Partners and Medical Incubator Japan, alongside existing investors like Novo Holdings, Eir Ventures, and EIFO, with participation from The European Innovation Council Fund. The company […] Read more ›
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Enerpoly, a Stockholm-based zinc-ion battery innovator, has recently secured an $8.4 million (88.5 million SEK) grant from the Swedish Energy Agency to propel the establishment of the world’s inaugural megafactory for zinc-ion batteries, named the Enerpoly Production Innovation Center (EPIC). The company specializes in developing and manufacturing safe, sustainable, and cost-effective zinc-ion battery cells and […] Read more ›
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The Lithuanian Ministry of the Economy and Innovation has launched a funding program worth €6 million to support local businesses in creating innovative digital services using open data. This initiative aims to help small and medium-sized enterprises (SMEs) across Lithuania, providing up to €70 thousand per project. Proposals can be submitted until February 29, 2024, […] Read more ›
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Uppsala-based Scaleout Systems has secured a substantial seed funding round totaling €1.5 million (17.2 million SEK), attracting investors like Navigare Ventures owned by Wallenberg Investments AB, SEB:s Utvecklingsstiftelse, Almi Invest, and Uppsala University Invest. The company specializes in pioneering federated machine learning technology, enabling AI development without transferring sensitive data sources, such as private user […] Read more ›
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Oslo-based reMarkable, a pioneer in paper tablet technology, has appointed Philip S. Hess, the former CEO of Bose Corporation, as its new CEO starting January 1, 2024. With a robust background in consumer technology and a successful tenure at Bose, where he spearheaded transformative initiatives and drove revenue growth, Hess aims to leverage his expertise […] Read more ›
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Noice, a Helsinki-based live-streaming platform designed for gamers, announced the closure of its $21 million Series A funding round, commencing a Closed Beta in November. The company is supported by notable entrepreneurs and investors from companies like Unity, Supercell, and Wolt, including key figures such as Mikko Kodisoja (Supercell), Ilkka Paananen (Supercell), Miki Kuusi (Wolt) and Riku Mäkelä (Wolt), and by professional […] Read more ›
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Vilnius-based devtodev, a data analytics solution founded in 2014, has been acquired by AppsFlyer, a global leader in marketing measurement and analytics. This acquisition is a strategic move by AppsFlyer to enhance its offerings and expand its Privacy Cloud Marketplace. Specializing in analyzing games and apps, devtodev provides valuable insights for optimizing user retention and […] Read more ›
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Copenhagen-based Lactobio has recently been acquired by L’Oréal, the world’s foremost beauty company. Lactobio specializes in precision probiotics and microbiome research, focusing on developing safe and effective skincare formulations using carefully selected live bacteria derived from their unique microbiome discovery platform. This strategic acquisition amplifies L’Oréal’s over 20 years of dedicated research into skin microorganisms, […] Read more ›
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Vesiro, a Gothenburg-based company specializing in enhancing database search performance to minimize server costs and energy usage, recently secured €443K (5 million SEK) in a pre-seed funding round led by Chalmers Ventures, Norrsken Accelerator, Länsförsäkringar Göteborg & Bohuslän, in collaboration with First Gate Invest and E14 Invest. Their innovative software add-on significantly reduces search times […] Read more ›
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Aalborg-based Blue World Technologies recently concluded a €11 million pre-C-round financing, with Maersk Growth, the venture arm of A.P. Moller – Maersk, and the Export and Investment Fund of Denmark (EIFO) participating, alongside Cycle Group and other shareholders. Blue World Technologies specializes in fuel cell solutions for the maritime industry, particularly focusing on developing high-temperature […] Read more ›
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Stockholm-based music tech platform anotherblock partners with Recordpool to release Michael Jackson’s long-lost inaugural studio recording, “Big Boy (One-Derful Version),” unveiling a historic musical treasure hidden from the public eye for over half a century. Scheduled for global digital release on December 7, this unprecedented collaboration marks a pivotal moment in music history, offering fans […] Read more ›
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UP Catalyst, a leading nanotech company based in Tallinn, Estonia, announced the successful closure of a €4 million seed round. The round was led by Berlin-based climate tech VC fund Extantia and supported by Estonia’s state fund SmartCap, along with the continued participation of existing investors Sunly, Little Green Fund, Scottish Baltic Invest and UniTartu […] Read more ›
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Tech Wire Asia
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27% 21 |
Business Insider
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22% 3 |
CNET
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9% 5 |
Gizmodo
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5% 1 |
Eurogamer.net
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5% 1 |
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28.11.2024 11:48
Last update: 11:40 EDT.
News rating updated: 18:41.
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