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Nurcin Metingil @ ArcticStartup · 10/03/2024 07:43 EDT

Lithuanian startup Sort A Brick lands €1.15M investment to launch AI-driven LEGO sorting in Germany

Vilnius-based startup Sort A Brick has secured €1,15M in funding to scale its AI-powered LEGO brick sorting service. The investment was led by the Baltic-focused VC fund Firstpick, supported by nine business angels, and included a €200,000 founder investment. Sort A Brick offers a circular solution by cleaning, sorting, and repackaging customers’ LEGO bricks, giving […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 10/03/2024 07:25 EDT

Danish Podimo acquires Podads, unlocking new podcast advertising and subscription synergies

Podimo, the Copenhagen-based podcast and audiobook subscription service, has acquired Podads, a leading Danish podcast agency, in a strategic move to enhance its hybrid monetization model, blending subscription-based and ad-supported content. Podads, known for connecting podcasters with advertisers and producing award-winning content, will continue to operate under the leadership of CEO and Co-Founder Anne-Kathrine Pommergaard. […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 10/02/2024 05:45 EDT

AMLYZE raises €2.35M seed

Vilnius-based RegTech company AMLYZE has secured €2.35 million in seed funding to accelerate its next growth phase. AMLYZE provides advanced RegTech solutions for banks, FinTechs, and Virtual Asset Service Providers (VASPs), specializing in anti-financial crime technology, including transaction monitoring, customer risk assessment, and compliance screening. The company plans to use the funds to develop a […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 10/01/2024 08:37 EDT

Cerebriu raises €17.4M Series A

Cerebriu has secured €17.4 million in Series A funding led by North Ventures, with ongoing support from EIFO and Sagitta Ventures. The investment will help Cerebriu scale its AI-powered MRI solution, Apollo, which improves MRI workflows by optimizing scan times and easing the burden on radiology departments. With this funding, the company plans to expand […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 10/01/2024 07:29 EDT

Logpoint acquires Muninn

Copenhagen-based Logpoint has acquired Muninn, a Danish cybersecurity firm specializing in AI-driven Network Detection and Response (NDR), to enhance its SIEM-based Cyber Defense Platform. Logpoint, Europe’s largest Security Information and Event Management (SIEM) vendor, aims to improve security visibility and threat response for organizations and Managed Security Service Providers (MSSPs). This acquisition strengthens Logpoint’s platform […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 09/30/2024 07:01 EDT

Swedish startup raises €5M to scale natural daylight solutions across healthcare and sports

Lund-based BrainLit has raised approximately €5 million in a funding round led by an undisclosed U.S. fund, along with support from existing investors. The funding will accelerate the company’s efforts to expand its “BioCentric Lighting” system, which mimics natural daylight to enhance health and well-being. BrainLit, already seeing success with professional sports teams, plans to […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 09/27/2024 08:52 EDT

November First joins Visma, streamlining financial solutions for Danish businesses

November First, a Copenhagen-based fintech company specializing in payment solutions for SMEs, has been acquired by Visma after several years of collaboration. Founded in 2016, November First’s API has been instrumental in integrating the Smart Pay feature into Visma’s e-conomic software, allowing businesses to automate supplier payments directly from their accounting systems. This acquisition is […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 09/27/2024 08:00 EDT

DeafTawk awarded €10K

DeafTawk, a Denmark-based startup, secured €10,000 in funding after winning the Global MediaTech Pitch Day, alongside Vochlea Music. DeafTawk specializes in real-time sign language interpretation, aiming to bridge communication gaps for the deaf community by integrating their services with platforms like YouTube and Netflix. The company plans to use the funding to expand its reach […] Read more

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ArcticStartup
Jan Ameri @ ArcticStartup 3 place · 09/27/2024 05:41 EDT

Finnish defence industry growing strongly, investors eyeing dual-use products in particular

Finland’s defence industry is seeing significant growth, driven by a mix of established companies and rapidly expanding startups, particularly those developing dual-use technologies for both civilian and military applications. According to a recent Tesi survey, 144 of the 368 companies in the sector are growth-oriented, with dual-use solutions gaining more traction from venture capital investors […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 09/27/2024 05:03 EDT

Ovoko raises €20M Series B

Vilnius-based startup Ovoko, specializing in the e-commerce of used car parts, has secured €20 million in Series B funding, marking the largest investment in a Lithuanian startup this year. The round was led by U.S. venture capital firm Smash Capital, their first investment in Lithuania. Ovoko offers a digitized platform and logistics solutions, facilitating fast […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 09/27/2024 04:23 EDT

Finland’s Distance Technologies raises €10M seed to advance glasses-free mixed reality

Helsinki-based Distance Technologies has raised €10M in an oversubscribed seed round, led by GV (Google Ventures) and joined by FOV Ventures and Maki.vc. The Helsinki-based company focuses on developing glasses-free mixed reality technology, which turns transparent surfaces, such as windshields, into interactive displays using a 3D light field system. This solution, aimed at automotive, aerospace, […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 09/26/2024 08:57 EDT

Danish startup receives €1.6 million loan from Nefco to boost solar facade manufacturing

Aarhus-based SolarLab has secured a €1.6 million loan from Nefco, the Nordic Green Bank, aimed at enhancing its production of customized solar facades for both new and existing buildings. The funding will support the relocation of its manufacturing operations to Denmark, the installation of a new solar panel lamination line, and the establishment of a […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 09/26/2024 08:09 EDT

Scandinavian Biolabs raises €4M

Copenhagen-based Scandinavian Biolabs (SBL) has successfully closed a €4 million funding round led by Auréa Group, with significant contributions from Blazar Capital and strategic support from SevenVentures, part of ProSiebenSat.1 Group. Founded in 2020, the company specializes in non-invasive solutions for early-stage hair loss, with its flagship product, the Bio-Pilixin® Activation Serum, showing promising results […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 09/26/2024 06:44 EDT

Findable raises €9M Series A

Findable, a Norwegian startup transforming building documentation, has raised €9 million in a Series A funding round led by Point Nine, with participation from KOMPAS, Construct Venture, Malling & Co Venture, and LakeEight. Findable’s AI-driven platform organizes scattered building information, enabling faster compliance with safety regulations and improved sustainability. This funding will fuel product development, […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 09/26/2024 05:03 EDT

Estonian fintech startup raises €10 million to build a unified platform for portable credit profiles across Europe

Tallinn-based fintech Mifundo has raised €10 million to develop a cross-border data platform for portable credit profiles across the European Union. The funding includes €1.2 million from a pre-seed round led by Tera Ventures, with participation from Opus11 VC and angel investors such as Mihkel Karu (ex-Skype) and Sergei Anikin (ex-Pipedrive). Additionally, Mifundo secured a […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 09/26/2024 04:37 EDT

Trondheim’s proptech startup raises €1.2M to expand EU-taxonomy due diligence services

Trondheim-based Ei Solutions has raised €1.2 million in funding to enhance its offerings aimed at helping commercial real estate owners navigate EU-taxonomy due diligence. This funding, which combines two investment rounds, customer revenue, and support from Innovation Norway, features contributions from investors including Bane Nor Eiendom, PWS Eiendom, venture groups like Styx and Spike Venture, […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 09/25/2024 04:57 EDT

Swedish Stegra aims to transform steel manufacturing with €100 million support from the Industrial Leap Fund

Stockholm-based Stegra, previously H2 Green Steel, has been granted approximately €100 million from the Swedish Energy Agency’s Industrial Leap fund to support the development of a near zero-emission steel production facility in Boden. The funding is part of a broader €265 million measure, approved by the European Commission, aimed at advancing green steel production in […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 09/25/2024 04:13 EDT

Superangel expands fund to €40M with SEB Pension Funds investment

Tallinn-based venture capital firm Superangel has added SEB Pension Funds as a key investor, increasing its second fund’s size to nearly €40 million. The additional capital will support investments in tech companies across Estonia, the Baltics, and the Nordics. Superangel focuses on early-stage technologies in sectors such as artificial intelligence, energy, and robotics. Its portfolio […] Read more

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 09/24/2024 09:07 EDT

Innovestor backs Finnish spinouts addressing neurological disorders with €10M investment

Finnish investment company Innovestor has made significant strides in Finnish healthcare innovation by investing in three promising university spinouts Polku Therapeutics, Kasvu Therapeutics, and Soihtu DTx through its Life Science Fund. These early-stage companies, all focused on neurological disorders such as Parkinson’s, Alzheimer’s, and depression, have collectively raised €10 million, attracting international interest. Innovestor’s €90 […] Read more

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ArcticStartup
Jan Ameri @ ArcticStartup 2 place · 09/24/2024 08:27 EDT

Estonian startup raises €6.1M to tackle palm oil dependency with yeast-based dats

ÄIO, a biotech startup founded in 2022, has secured €6.1 million in funding from Voima Ventures, 2C Ventures, SmartCap, and Nordic Foodtech VC. The investment will be used to build a demo plant in Estonia to produce sustainable oils and fats from wood and agricultural residues. The company’s unique process uses yeast fermentation to transform […] Read more

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