Helsinki-based Avenue Biosciences has raised $2.5 million in seed funding, led by Voima Ventures, with participation from Inventure and US angel investors. The company focuses on protein engineering technologies that aim to improve efficiency in the biopharmaceutical industry. The funding will be utilized to advance their AI-enhanced platform, which addresses challenges related to the production […] Read more ›
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Vejen-based FarmDroid has secured €10.5 million in funding to support the expansion of its autonomous, solar-powered agricultural robots into the conventional farming market. The investment round, led by Convent Capital with participation from EIFO and Navus Ventures, aims to enhance the company’s operational capabilities and market presence. FarmDroid’s technology focuses on automating sowing, weeding, and […] Read more ›
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Riga-based defence tech startup Origin Robotics has raised €4 million in pre-seed funding, with €2.4 million coming from venture capital led by Change Ventures and €1.6 million from grants provided by the EU and the Latvian Ministry of Defence. Founded in 2022 by Agris Kipurs and Ilya Nevdah, the company is developing the BEAK, a […] Read more ›
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Helsinki-based DataCrunch has secured $13 million in a seed funding round led by byFounders, with participation from J12 Ventures, Local Tapiola, Nordea, and a group of prominent angel investors including Lasse Espeholt, Nal Kalchbrenner, Oskari Saarenmaa, Henrik Rosendahl, Anders Bo Pedersen, Maaike Bryon, Ari Tulla, Tuomo Riekki and Tapio Tolvanen. DataCrunch aims to become Europe’s […] Read more ›
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Espoo, Finland (September 18-19, 2024) In collaboration with Aalto University and City of Espoo, ArcticStartup Events launched Nordic Deep Tech Business Summit (NORDEEP) to connect the research teams and deep tech startups to funding, talent, expertise and clients. The third NORDEEP Summit will bring together over 700+ scientists, entrepreneurs, investors and corporate representatives on September […] Read more ›
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Waste sorting is a fundamental step in the journey towards a circular economy, yet it remains a challenge for many. Contaminated recycling bins, inefficient sorting practices, and a general lack of awareness can all impede the process, leading to more waste ending up in landfills. This is where WasteLocker steps in. The startup is redefining […] Read more ›
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Trondheim-based hydrogen technology scaleup Hydrogen Mem-Tech has received funding from Peak Sustainability Ventures, based in India, and London’s AP Ventures. Peak’s investment, which secures them a 10.5% stake, is part of a €6.3 million (NOK 75 million) capital raising round that includes contributions from existing investors. The Trondheim-based company specializes in membrane technology for hydrogen […] Read more ›
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Traditional infrastructure maintenance practices are no longer keeping pace with the demands of modern cities. Roads across Europe are in poor condition, leading to increased commute times, safety hazards, and skyrocketing maintenance costs. Countries like France, Spain, and the Netherlands report that up to 16% of major roads are in disrepair, and congestion issues in […] Read more ›
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Aarhus-based PipeBio has been acquired by Benchling, marking a new phase in the integration of bioinformatics and cloud-based software for biologics research. PipeBio, known for its cloud-native platform that facilitates the screening and analysis of large-scale biological sequences, will now operate under the Benchling umbrella, bringing its expertise to a broader technological ecosystem. With this […] Read more ›
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Stockholm-based CorPower Ocean has secured €32 million in Series B1 funding to advance its wave energy technology towards commercialization. The investment round was led by NordicNinja VC, SEB Greentech, and EIT InnoEnergy, with participation from Santander Alternative Investments, Iberis Capital, and Cisco Investments. The funds will support the deployment of CorPower’s wave energy converters (WECs), […] Read more ›
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Aira, a Stockholm-based clean energy-tech company, has secured €63 million in funding from existing investors Temasek, Statkraft Ventures, Kinnevik, and Altor, as part of an extension to its previously oversubscribed €145 million Series B round completed in January 2024. Aira develops intelligent heat pumps and offers clean energy tariffs and solar installations through affordable monthly […] Read more ›
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Cambri, a Helsinki-based AI-powered consumer insights platform, has raised €8 million in a new funding round to scale its operations. The round saw participation from new investors Octopus Ventures and S4S Ventures, co-founded by Sir Martin Sorrell, alongside existing backers including OpenOcean, Spintop Ventures and The 98. Cambri’s technology, used by major brands, aims to […] Read more ›
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Reykjavik-based Carbon Recycling International (CRI) has partnered with Tianying Group to introduce its CO2-to-methanol technology at China’s first large-scale E-methanol plant in Liaoyuan. The plant will produce E-methanol by converting captured carbon from biomass and green hydrogen sourced from renewable-powered electrolysers. Designed for flexible operation with variable wind energy inputs, the facility is set to […] Read more ›
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Tampere-based startup TheStorage secured €1 million in funding from 2C Ventures and Superhero Capital to develop its sand-based thermal energy storage technology, which aims to decarbonize industrial heat. The company’s system stores renewable energy as heat, enabling a stable supply of fossil-free industrial heat, even during periods when renewable energy generation is low. The funding […] Read more ›
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iDenfy, a Kaunas-based RegTech company specializing in KYC (Know Your Customer) and AML (Anti-Money Laundering) solutions, has partnered with GlolinkOTC, a Czech-based fiat-to-crypto exchange platform. The collaboration aims to enhance compliance standards by integrating iDenfy’s identity verification tools into GlolinkOTC’s system, automating the onboarding process and ensuring adherence to regulatory requirements. With the increasing use […] Read more ›
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Reykjavik’s Moombix has raised £1.9 million in a seed funding round led by Frumtak Ventures, with support from angel investors. The company operates an online platform that connects adult learners with music teachers worldwide, covering a range of disciplines including instrument lessons, voice coaching, DJing, and music production. The funding will be used to expand […] Read more ›
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Tallinn-based startup Symmetrista has raised €120K to advance the production of its Signature bra, designed specifically for women who have undergone breast reconstruction after breast cancer. Addressing the challenges of breast asymmetry, the bra is crafted to offer a tailored fit and everyday comfort for users. With the new funding, Symmetrista plans to enhance manufacturing […] Read more ›
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node.vc, a Nordic early-stage venture capital firm, has successfully closed a €71 million fund to support emerging entrepreneurs across the region. The firm’s approach involves leveraging a network of over 70 experienced entrepreneurs and investors, offering guidance alongside capital. Key investors include Saminvest, a Swedish government-backed venture capital entity, and other Nordic institutions. The fund […] Read more ›
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Bolt has teamed up with Starship Technologies to launch a new grocery delivery service in Tallinn, Estonia, utilizing autonomous robots. The partnership integrates Starship’s delivery robots with the Bolt Food platform, offering customers an alternative to traditional couriers. Starting from three Bolt Market locations, the service allows residents to receive their groceries via robot, providing […] Read more ›
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PSV Hafnium, a Danish venture fund, has secured €38,1 million (DKK 285 millio0n) in commitments from the European Investment Fund (EIF) and the Export and Investment Fund of Denmark (EIFO). With a total fund size cap of €80,4 million (DKK 600 million), it aims to invest in around 30 early-stage deep tech startups across Denmark […] Read more ›
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07.03.2026 20:52
Last update: 20:46 EDT.
News rating updated: 03:40.
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