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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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 ›
2
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 ›
0
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 ›
0
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 ›
1
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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Reykjavik-based AviLabs, the creator of Plan3, has secured an €8 million investment round led by Frumtak Ventures, with continued support from existing investor Brunnur Ventures. The company’s technology, Plan3, focuses on managing airline passenger disruptions by providing automated and personalized solutions to handle issues such as delays and cancellations. The new funding will support AviLabs […] Read more ›
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WhiteBridge, based in Vilnius, has raised $500,000 in pre-seed funding from FIRSTPICK, Scalewolf, First Degree, and Nectolabs. The company offers an AI-powered platform that helps users manage their online reputation by gathering and verifying data from multiple public sources. With this funding, WhiteBridge aims to expand its team, improve its AI technology, and increase its […] Read more ›
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Quartr, a Stockholm-based software and data provider, has secured a $6 million investment from Altos Ventures. Quartr specializes in providing qualitative public market research through products like Quartr Pro, a research platform that serves hedge funds, asset managers, and corporate strategy teams of Fortune 500 companies. The funding will be used to accelerate Quartr’s global […] Read more ›
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Oslo-based deep-tech startup Muybridge raised €8 million (NOK 93.5 million) in a funding round led by Fairpoint Capital, with additional backing from Idekapital, RunwayFBU, Vikingstad Invest, and several angel investors. The company has developed an imaging platform that shifts camera functionality from hardware to software, enabling new applications across sectors such as sports, broadcasting, and […] Read more ›
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Bemakers, a Copenhagen-based startup, has secured €3.5 million seed funding to enhance its beverage distribution platform across Europe. The round was backed by a mix of strategic investors, further solidifying Bemakers’ position as a tech-forward solution in the industry. The funds will be used to expand distribution channels into new markets, enabling brand partners to […] Read more ›
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Paebbl has closed $25 million in a Series A round led by Capnamic with participation from Amazon’s Climate Pledge Fund, Holcim MAQER Ventures, Aurum Impact, and several European industrial family offices, including the Family office of Antti Herlin. Existing investors, including 2050, Pale Blue Dot, and the Grantham Foundation, also increased their stakes. Paebbl specializes […] Read more ›
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27.11.2024 05:26
Last update: 05:20 EDT.
News rating updated: 12:23.
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