Espoo-based quantum-algorithm developer QMill and Montréal’s ÉTS have formalized a strategic research partnership that brings together QMill’s industrial expertise in near-term quantum software and ÉTS’s growing academic strength in quantum-algorithm science. The collaboration will focus on co-developing, testing, and benchmarking algorithms designed for real-world use cases—particularly in sectors such as energy, logistics, and telecommunications—while enabling […] Read more ›
20
Finnish industrial technology company SpinDrive has raised growth funding led by Rhapsody Venture Partners and Innovestor to expand its presence in the United States and launch a new product line. The company develops active magnetic bearing (AMB) systems that use magnetic levitation instead of mechanical contact to reduce friction and eliminate the need for oil-based […] Read more ›
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Stockholm-based AI startup Grasp has raised $7 million in Series A funding, led by Octopus Ventures with participation from Yanno Capital, to support its international growth and product development. Founded in 2020 by former McKinsey consultants Richard Karlsson and Johan Devér, and former Ericsson AI engineer Simon Hällqvist, the company builds multi-agent AI systems designed […] Read more ›
2
Riga-based Desktop Commander has raised €1.1 million in pre-seed funding led by 42CAP, with participation from BADideas Fund. The company develops an open-source tool that allows artificial intelligence to interact directly with a user’s computer through the Model Context Protocol (MCP), enabling it to manage files, operate the terminal, and execute code based on plain […] Read more ›
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Lund-based Lithea AB has raised €852K (SEK 9.3 million) in a directed share issue from existing investors to continue the preclinical development of its lead candidate, LIT1001. The company is developing a localised drug delivery system designed to release chemotherapy directly into tumours, initially targeting osteosarcoma, a rare bone cancer that mainly affects children. The […] Read more ›
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Swedish biotech company Cellcolabs has secured $12 million in funding from Titian Capital’s life sciences arm, bringing its total raised capital to $37 million. Cellcolabs develops large-scale production methods for Mesenchymal Stem Cells (MSCs) used in medical research and clinical applications. The company plans to use the new funds to advance its technical capabilities and […] Read more ›
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Finnish bio-based materials company Innomost has named Niko Mellanen as its new Chief Sales Officer. The company develops bio-based alternatives from upcycled birch bark, aiming to replace certain fossil-based components in coatings and packaging. Mellanen has more than 20 years of experience in the paper, board, and packaging sectors, including positions at Stora Enso and […] Read more ›
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Oslo-based Riff, formerly Databutton, has raised $16 nillion in a Series A led by Northzone, bringing its total funding to $21 million. The vibe coding platform helps business teams build and launch production-ready AI applications using starter apps, templates, and expert guidance, aiming to tackle the high failure rate of enterprise AI initiatives. Existing investors […] Read more ›
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The Nordics continue to defy expectations. While much has been written about the challenges facing the welfare state across the region, we often overlook one of its most powerful by-products: a deeply ingrained culture of learning and scientific curiosity. These systems, though frequently criticised, have created an environment where those who want to explore, question, […] Read more ›
7
Lund-based deeptech startup Cytely has raised €3 million in a round led by Ugly Duckling Ventures, with participation from existing investor Icebreaker.vc, to expand access to its smart-microscopy platform. Cytely turns ordinary microscopes into real-time data engines, eliminating manual bottlenecks and allowing labs to generate statistically powered results in minutes instead of months. Already adopted […] Read more ›
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Tallinn-based Yaga, the pre-loved fashion marketplace, has raised €4 million in a pre-Series A round led by Specialist VC, with support from H&M Group Ventures, Trind Ventures, Startup Wise Guys, and a network of angel investors. Yaga enables users to buy and sell second-hand fashion through a secure, app-based platform that combines escrow-protected payments with […] Read more ›
0
Stockholm-based EdTech startup Magma Math has raised $10 million in a funding round from existing investor Five Elms Capital. The company provides an AI-driven platform for K-12 classrooms, designed to support teachers in implementing math instruction and assessing student understanding. The new funding will be used to further develop the platform’s AI capabilities, expand the […] Read more ›
0
Vilnius-based nexos.ai has raised €30 million in Series A funding to address security and governance challenges in enterprise AI adoption. The round was co-led by Evantic Capital, founded by former Sequoia partner Matt Miller, and Index Ventures, with participation from Creandum, Dig Ventures, and several angel investors. Founded by the creators of Nord Security, nexos.ai […] Read more ›
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Copenhagen-based Scaleup Finance has raised £3 million from a syndicate of European investors including Mainset, Circlerock, North Ventures, Crowberry, Inveready, and SeedX, along with angel investor Dan Cobley, former Managing Director of Google UK. The company, which has provided CFO-as-a-Service to over 500 startups across Europe, is launching Nume, an AI tool that performs key […] Read more ›
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Copenhagen-based food tech startup MATR Foods has raised €40 million in a mix of equity and venture debt to scale up production and bring its organic, fungi-fermented meat alternatives to new markets. The round—Denmark’s largest food tech fundraise to date—was co-led by Novo Holdings and the Export and Investment Fund of Denmark (EIFO), with additional […] Read more ›
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Helsinki-based venture capital firm Lifeline Ventures has announced Fund VI, a €400 million vehicle aimed at supporting early-stage European startups. The firm, an early backer of companies such as Supercell, Wolt, Oura, ICEYE, and Aiven, will use the fund to continue investing from the seed stage through to later growth rounds. The launch of Fund […] Read more ›
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Creditstar Group has secured an additional $10 million facility from Singapore-based Kilde, bringing the total to $20 million. The extension builds on an agreement first signed in 2024 and will be used to support Creditstar’s lending portfolio across its eight European markets. The company reported a €7.3 million net profit in 2024 and a 30.6% […] Read more ›
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Starship Technologies, the autonomous delivery startup, has raised $50 million in a Series C round led by Plural, with participation from Karma.vc, Latitude, Coefficient Capital, SmartCap, and Skaala. The company, which has completed over 9 million deliveries across U.S. university campuses and European cities, plans to use the funding to expand its robot fleet from […] Read more ›
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Copenhagen-based startup Jabbr has raised $5 million in seed funding to bring artificial intelligence to combat sports, a sector long reliant on subjective judging and outdated broadcast technology. The round was led by Buckley Ventures, known for early investments in Figma and Rippling, and included participation from Seven Seven Six (founded by Reddit co-founder Alexis […] Read more ›
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Swedish agtech startup Arevo has raised €7.3 million in new funding to accelerate the scale-up of its bio-based fertiliser production and drive international expansion, Impact Loop reports. The latest funding round was completed with participation from existing investors, including Industrifonden, Fort Knox, Navigare Ventures, and forest industry group Stora Enso, all of which have backed […] Read more ›
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Stockholm-based deeptech startup Encube has launched publicly with a $23 million funding round led by Kinnevik, Promus Ventures, and Inventure. The company develops an AI-based platform designed to help hardware teams identify and avoid costly design complexities early in the product development process. The software is already in use by industrial players including Volvo Group, […] Read more ›
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13.12.2025 09:07
Last update: 09:00 EDT.
News rating updated: 16:03.
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