Hyme Energy, a Copenhagen-based energy storage startup, has secured additional funding totaling EUR 8 million from existing shareholders, including Heartland A/S, Nordic Makers, North-East Ventures, and new investor VÅR ventures. The company specializes in energy storage technology and has made substantial progress since its founding in 2021, having developed its technology to the pilot stage, […] Read more ›
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Vilnius-based Žaislų Klubas, a pioneering toy subscription startup, recently secured €125,000 in pre-seed funding led by FIRSTPICK VC and angel investors to fuel its innovative ‘play and swap’ model. Departing from conventional toy consumption patterns, the company offers a sustainable alternative by providing monthly deliveries of educational toys tailored for children. The investment will primarily […] Read more ›
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Again, a Copenhagen-based climate tech startup, has secured a $10 million seed financing round from prominent investors such as ACME, GV (Google Ventures), and Atlantic Labs. Specializing in biomanufacturing, the company pioneers a revolutionary process utilizing natural, gas-eating bacteria to convert up to 1 ton of CO2 per day into sustainable chemical products, initially focusing […] Read more ›
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Enfuce, a Helsinki-based company specializing in cloud-based payment solutions and issuer processing, has secured an additional €8.5 million in funding. This investment round is led by Vitruvian Partners, with contributions from Visa and Maki.vc, following their successful €45 million Series C round in 2021. Enfuce focuses on enabling fintechs, banks, and non-financial brands to effortlessly […] Read more ›
2
Keystrike, an innovative cybersecurity startup based in Iceland, has recently announced securing a substantial $1 million in pre-seed funding. This investment round was led by a consortium consisting of Grófin Business Development, Investco, Arcus Invest, Lira, and supported by an influential international private investor within the cybersecurity domain. The infusion of capital aims to power […] Read more ›
2
Oxx, the European VC firm rooted in Stockholm and London, announces its closure of a $190 million fund dedicated to propelling B2B SaaS scaleups across Europe into the AI-driven future. With a 40% surge from their last fund, this milestone underscores investor confidence in Oxx’s strategy. Doubling their team and welcoming new partners and principals, […] Read more ›
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Idun, the Stockholm-based software company behind ProptechOS, an innovative operating system for building data, recently concluded a funding round, the specifics of which were undisclosed, led by SaaS investor Partinc. ProptechOS functions by aggregating real-time data from diverse sources like building management systems, BIM, business data, and IoT devices, enabling optimization in energy use, presence […] Read more ›
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Fractory, the Estonian manufacturing technology startup, announced the appointment of Lone Jensen as their inaugural Chief Operating Officer (COO). Jensen, hailing from Denmark, brings a wealth of experience as a former computer engineer turned operational leader, previously holding key roles at Startup Wise Guys, a distinguished European B2B early-stage investor. During her tenure spanning six […] Read more ›
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BeCause, a Copenhagen-based startup, has recently secured €1.75M in seed funding, which notably includes a €650K open tail-end, enabling strategic investors to participate on equal terms. The funding round was led by prominent investors such as Ugly Duckling Ventures and Superangel.io, with additional contributions from notable figures including serial exit entrepreneur Sean Brown (UK), Director […] Read more ›
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Tech Nordic Advocates (TNA), Northern Europe’s largest tech startup ecosystem, based in Helsinki, Stockholm, Oslo and Copenhagen, secured funding from the City of Helsinki Innovation Fund, City of Espoo, City of Vantaa, and various commercial partners to launch ‘Finland as Female Tech Founder Frontrunner,’ marking the first-ever international accelerator program in Finland designed specifically for […] Read more ›
30
Stockholm-based SaaS scaleup Stravito has partnered with another Swedish startup Lägereld, a user-friendly mental health support platform. Stravito provides an AI-powered enterprise insights platform for global corporations to maximize market research value, while Lägereld offers a user-friendly digital platform focused on confidential mental health support for employees within organizations. With this partnership, Stravito and Lägereld […] Read more ›
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Factbird, a Copenhagen-based tech company specializing in cloud-based manufacturing intelligence solutions, secured a substantial $16 million investment from Expedition Growth Capital and Denmark’s Export and Investment Fund, EIFO. Their innovative technology optimizes production lines by providing real-time operational data, addressing a critical need in the manufacturing industry. With this infusion of capital, Factbird intends to […] Read more ›
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Helsinki-based Carbo Culture recently closed a $18 million Series A funding round, co-led by GenZero and True Ventures, alongside support from Tesi and several notable climate tech investors and family offices. Renowned for its pioneering carbon removal technology, Carbo Culture aims to bring its proven solutions to market by 2025. With this substantial financial boost, […] Read more ›
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Lassie, the pet insurance startup, secured €23 million in Series B funding led by Balderton Capital, marking a total funding of €36.5 million. The previous investors Felix Capital, Inventure, Passion Capital and Philian (H&M Chair Karl-John Persson) also participated in the round. Founded in 2021 in Sweden, Lassie distinguishes itself by not just providing insurance […] Read more ›
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One Click LCA, a Helsinki-based decarbonization software platform for the construction and manufacturing sectors, has secured a substantial €40 million investment from PSG Equity and InfraVia Capital Partners. The platform, known for its life-cycle assessment (LCA), environmental product declaration (EPD), and sustainability solutions, serves a global clientele, including major industry players like Skanska and LafargeHolcim, […] Read more ›
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Vilhelm von Ehrenheim, an AI expert formerly at EQT, has become the Chief AI Officer and co-founder of Swedish startup QA.tech. QA.tech specializes in AI-driven tools for streamlining application testing. They aim to automate Quality Assurance (QA) testing processes using AI, thereby helping developers save significant time. Von Ehrenheim’s move signifies a strategic shift towards […] Read more ›
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Linio Biotech, a Helsinki-based biotech company, has secured €4.2 million in additional funding, bringing their total funding to over 9 million euros, to support the commercialization of their breakthrough product, Tience®. Tience® is an injectable tissue innovation intended for professional use, aiding in skin regeneration to address aging signs and visible scars. This funding will […] Read more ›
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Aiven, a Helsinki-based open-source cloud data platform, has acquired EverSQL, a database optimization software vendor. This acquisition aims to integrate EverSQL’s AI-powered capabilities into Aiven’s platform, allowing customers to automate database performance optimization. By leveraging AI-driven insights, Aiven intends to streamline data workflows, enhance infrastructure performance, and reduce costs for businesses utilizing their services, starting […] Read more ›
2
Eliq, a Gothenburg-based software company specializing in home energy efficiency, recently secured a €10 million growth round involving existing investor Inven Capital, alongside new investors Axpo and Valkea. Their platform empowers utilities, banks, and smart home providers by interpreting energy data, guiding efficient energy usage, and facilitating upgrades and green financing for customers. With this […] Read more ›
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Helsinki-based Solar Foods recently secured €8 million in its debut funding round from retail investors in Finland through Springvest Oyj, marking the largest funding on the platform to date. The company specializes in sustainable food solutions, notably pioneering Solein®, a protein source produced from air and electricity. The funds acquired will primarily facilitate the expansion […] Read more ›
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Business Insider
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23% 0 |
Tech Wire Asia
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23% 17 |
CNET
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8% 5 |
Gizmodo
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5% 2 |
The Verge
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5% 4 |
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28.11.2024 08:58
Last update: 08:51 EDT.
News rating updated: 15:51.
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