Vilnius-based isLucid has completed its pre-seed funding round, with €265,000 contributed by Coinvest Capital alongside investments from Business Angels Fund, Katalista Ventures, Agmis, and other angel investors. The funding will support isLucid’s expansion into Scandinavian and non-English-speaking markets and further development of its AI-powered platform for contact centers. The company’s tools analyze customer interactions, assist […] 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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NMD Pharma, an Aarhus-based biotech company, secured €75 million in a Series B financing led by Jeito Capital, with contributions from existing investors such as Novo Holdings, Lundbeckfonden BioCapital, INKEF Capital, and the Roche Venture Fund. Specializing in developing innovative treatments for neuromuscular diseases, NMD Pharma focuses on creating first-in-class ClC-1 molecule inhibitors to restore […] Read more ›
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Aalborg-based startup Frugal Technologies, specializing in fuel optimization for shipping fleets, received a strategic investment from Emerson, a global automation technology and software company. Frugal’s cloud-based propulsion optimization software, utilizing AI to analyze dynamic conditions like weather and cargo load, aims to create optimal engine models for ships, potentially reducing fuel consumption by up to […] Read more ›
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Texray, a Gothenburg-based startup with radiation protection solutions, has recently secured a €3.9 million (SEK 45 million) investment round led by Industrifonden and backed by private investors at Impilo, surpassing initial expectations. The company specializes in developing advanced radiation protection gear that addresses the heightened risks faced by healthcare professionals during x-ray-guided surgical procedures. Texray’s […] Read more ›
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Haut AI, a Tallinn-based generative AI startup specializing in skincare intelligence tools, has successfully closed a €2 million seed funding round led by LongeVC, a prominent biotech and longevity-focused venture capital firm, in collaboration with Grupo Boticário‘s VC arm, renowned for its investments in the beauty sector. The startup utilizes advanced generative AI technology to […] Read more ›
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Efenco, an Estonia-based cleantech startup, recently secured €4.5 million in funding, comprising €1.3 million from a round led by EstBAN Syndicate’s Ivo Remmelg and €3.2 million in grants from the EU’s European Innovation Council and Estonia’s Archimedes Foundation. The company specializes in reducing carbon emissions in industrial heat applications through its cold-plasma-assisted combustion technology, validated […] Read more ›
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Oslo-based mixed reality workplace productivity app Naer has collaborated with digital collaboration platform Miro and Hewlett Packard Enterprise (HPE) to enable real-time collaboration and brainstorming in mixed reality environments while syncing with Miro boards. Naer facilitates immersive brainstorming sessions, allowing users to simulate office interactions as avatars and collaborate seamlessly both in-person and remotely. The […] Read more ›
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Resistomap, a Helsinki-based startup, secured €2 million in seed funding led by Ananda Impact Venture and Gaingels, supported by Business Finland‘s grant, to advance their pioneering efforts in combating antimicrobial resistance (AMR). The funding aims to propel Resistomap’s extensive database on environmental AMR into an innovative Biosecurity Intelligence Platform. With over 10,000 environmental samples from […] Read more ›
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Acorai, a medical device startup based in Helsingborg, has received a significant grant of €2.3 million from the European Commission, coupled with an investment offer of €10 million from the European Innovation Council (EIC). This funding will be crucial for Acorai to further develop their groundbreaking non-invasive intracardiac pressure monitoring device, specifically designed to improve […] Read more ›
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Virtuall, a startup in the fashion technology realm based in Copenhagen, just secured about €829K in pre-seed funding. This investment round was led by EIFO (Export and Investment Fund of Denmark), Styleit (a FashionTech accelerator within the Italian National Accelerator Network of CDP, Cassa Depositi e Prestiti), and Antler, Europe’s prominent early-stage VC firm. Notable […] Read more ›
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Tallinn-based startup Fyma, specializing in real-time video analysis, secured $2.1 million in funding led by Quadri Ventures and Second Century Ventures. The company’s software, compatible with any IP camera globally, utilizes AI and computer vision to provide insights for commercial real estate, enabling property monitoring, occupancy analysis, footfall tracking, and parking management, catering to tenant […] Read more ›
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Tallinn-based greentech startup RAIKU recently secured €8.8 million in funding from the EIC Accelerator and private investors. The funding serves as a crucial endorsement, signaling the significance of RAIKU’s technology in addressing environmental challenges. This support not only provides financial resources but also acts as a prestigious endorsement that can attract customers and future investors. The […] Read more ›
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Tampere-based Moflix Group, a telecom industry innovator, has successfully raised $3.1 million in seed funding, with The Hashgraph Association (THA) and other strategic investors contributing. Moflix aims to lead the convergence of mobile services and Web3, enhancing telcos’ capabilities through its TelcoTech platform. The funds will be used to refine and extend its Web3 offerings, […] Read more ›
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Neogap Therapeutics, a Stockholm-headquartered biotech company, has secured €7.1 million (SEK 83 million) for its clinical phase I/II cancer study, with €4.64 million (54MSEK) from a new share issue and an additional €2.49 million (29MSEK) in EU innovation funding. Specializing in personalized cancer treatment through cell therapy, Neogap employs proprietary algorithms and patented technology to […] Read more ›
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Jeremy Gerst, former CFO of the Norwegian unicorn reMarkable, has decided to take the reins at the burgeoning Norwegian AI startup, ComplAi. Gerst, renowned for his pivotal role in Remarkable’s impressive growth from 13 to over 300 employees, is set to bring his financial acumen to ComplAi’s cloud platform that utilizes artificial intelligence to simplify […] Read more ›
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Nextmile, an Espoo-based start-up, and Mehiläinen, a major healthcare service provider, have teamed up to tackle the challenges associated with employees approaching retirement. They’ve introduced a collaborative platform service that aims to help organizations effectively manage the final years of employees’ careers. Nextmile’s platform offers engaging online content, peer discussions, and expert knowledge sessions for […] Read more ›
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The former founders of Coolbet have come together to establish a new company, Sisu Group, based in Tallinn. Their recent accomplishment of securing €14 million in funding has sent ripples through the industry, setting the stage for a remarkable transformation. Sisu Group, spearheaded by Jan Svendsen, the visionary behind Coolbet, has set its sights on […] Read more ›
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Octarine Bio, a Copenhagen-based synthetic biology startup, has secured €4.35 million ($4.6 million) in funding to advance sustainable, nature-based dyes for the fashion industry. The investment round was led by Unconventional Ventures, an impact venture capital firm, along with support from Óskare Capital and The Footprint Firm, as well as dsm-firmenich Venturing. This funding brings […] Read more ›
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In a recent Series A funding round, Lappeenranta-based cleantech startup SpinDrive secured €3.8 million, led by U.S.-based investor Rhapsody Venture Partners, with participation from existing investors Innovestor and Born2Grow. This investment will facilitate SpinDrive’s global expansion and the development of Active Magnetic Bearings, aiming to enhance industrial efficiency and reduce energy waste and pollution worldwide. […] Read more ›
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Kvanted Ventures, a Helsinki-based early-stage venture capital firm, has launched its first fund of €70 million with a focus on industrial technology startups in Northern Europe. This makes Kvanted the first pure-play industrial technology investor in the Nordic region. The fund plans to invest in approximately 20 companies, with initial investments ranging from €500K to […] Read more ›
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Tech Wire Asia
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Business Insider
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25% 1 |
CNET
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8% 3 |
Eurogamer.net
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5% 1 |
Android Authority
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3% 1 |
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28.11.2024 12:57
Last update: 12:50 EDT.
News rating updated: 19:52.
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