Change Ventures, a venture capital firm dedicated to supporting Baltic founders and fostering the Baltic diaspora, has announced their third fund. The company remains committed to backing a diverse range of Baltic startups and their diaspora, spanning software and hardware, e-commerce, AI, B2B software, SaaS, and consumer businesses. With a targeted fund size of €20 […] Read more ›
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Pliance, the Stockholm-based AML automation platform, has been acquired by Verified, a leading B2B SaaS company specializing in AML and KYC solutions. This acquisition comes on the heels of Verified’s recent €31 million investment from Verdane and its acquisition of Assently, a digital identity verification company. With this strategic move, Verified strengthens its position in […] Read more ›
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Copenhagen-based startup Eduflow is acquired by Multiverse, a London-based training company. Eduflow gives students a more engaging learning experience with custom learning flows while Multiverse, an England-based career platform, provides services such as talent identification and corporate training for educational institutions and businesses. The collaboration aims to bolster the technological infrastructure supporting apprenticeships and create […] Read more ›
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Uppsala-based startup Altris has secured €4.8 million (SEK 50M) of bridge financing from its current owners and appointed a new CEO, Björn Mårlid, and CFO, Christer Bergquist. The funding will support Altris’ plans to complete its industrial-grade battery manufacturing facility in Uppsala, Sweden. Altris aims to become a leading developer of sodium-ion batteries in Europe. […] Read more ›
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Sparrow Quantum Aps., a startup based in Copenhagen, Denmark, has secured a significant seed funding round of €4.1 million (31 million DKK), marking the largest investment ever received by a Danish quantum technology company. The funding was led by 2xN, a prominent venture capital firm, with additional participation from LIFTT and the European Innovation Council […] Read more ›
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Stockholm-based data platform Twirl has secured $2.5 million in a pre-seed funding round led by Creandum, the European investor and early backer of Spotify and Klarna. The round also saw participation from Cocoa and other angel investors. The startup enables data teams to build production-ready data pipelines from day one. Buoyed by fresh injections of […] Read more ›
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Copenhagen-based startup BeCause has collected a $450K investment from angel investors Carsten Mahler and Daniel Heskia. The startup simplifies and accelerates the flow of sustainability data for tourism companies, empowering them to effectively manage their sustainability efforts and gain a competitive edge while positively impacting people, the planet, and their financial performance. The investment represents […] Read more ›
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Talinn-based companies ÄIO and Fibenol have joined forces in a strategic partnership to pioneer the biomanufacturing of high-value microbial oils. Fibenol, known for converting residues into sugars, will use ÄIO’s technology to turn wood sugars into functional oils and fatty acids for food, feed, and cosmetics. This collaboration addresses challenges in utilizing specific sugars and offers […] Read more ›
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Vilnius-based regtech AMLYZE has successfully raised $1 million in a pre-seed funding round. The investment was led by Practica Capital, with participation from the Firstpick accelerator and venture capital fund. AMLYZE specializes in providing anti-financial crime solutions for FinTechs, neo-banks, and crypto businesses. The funding will be utilized to expand their Software-as-a-Service (SaaS) business, extend […] Read more ›
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Helsinki-headquartered venture capital firm Lifeline Ventures has recently closed a substantial early-stage fund of €150 million. This fund aims to provide ongoing support to emerging companies that have the potential to become leaders in their respective industries and is willing to make initial investments ranging from €150,000 to €2 million. Lifeline Ventures has a strong […] Read more ›
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In an era characterized by economic uncertainty and volatile markets, the Finnish venture capital (VC) and private equity (PE) landscape has stood firm, delivering exceptional returns and solidifying its position as a robust investment avenue. The latest survey conducted by Tesi, Finland’s state-owned investment company, sheds light on the performance of Finnish VC and PE […] Read more ›
9
Helsinki-based startup Doublepoint has raised €3 million in funding. The round saw participation from FOV Ventures, Superangel VC, Superhero Capital, Sune Alstrup, Timo Rein, Business Finland, and others. The startup has developed a patent-pending software platform that enables zero learning-curve gesture recognition for Android-based hardware devices, such as smartwatches, XR devices, and consumer electronics. Doublepoint […] Read more ›
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Stockholm-based startup anotherblock has collected €4 million in a seed round with leading support from Stride.VC in the UK and participation from Axwell of Swedish House Mafia. anotherblock allows fans to access music rights in popular songs and aims to democratize music ownership. The funding will be used to scale up operations, reach a broader […] Read more ›
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Helsinki-based transfer pricing platform Aibidia has secured €13 million in a Series A funding round co-led by DN Capital and FPV Ventures (DN Capital – Auto1, GoStudent, Incode, Remitly & FPV Ventures – Flexport, Canva, Guild), with existing investors Icebreaker.vc (HoxHunt, Klaus, Tesseract) and Global Founders Capital (Deel, Personio, Brex) also supporting the round. The […] Read more ›
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Stockholm-based startup Freshsound has secured €2 million in a seed round led by Zenith Venture Capital and Aligned. The funds will help Freshsound expand globally and lead the commercial music licensing market for commercials, branded content, films, TV, and games. The startup’s platform enables professional storytellers to easily access and license commercially released music for […] Read more ›
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Helsinki-based foodtech startup Green Planet Astronauts has made an exciting announcement with the appointment of Ulrika Kotimäki as co-founder alongside Milla Westerling. This move marks an important milestone for the company, as it brings another female founder to the forefront and highlights the power of strong partnerships in driving startup success. Westerling had founded Green Planet […] Read more ›
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Finnish health technology startup ŌURA has made a significant move by acquiring Proxy, a digital identity signal platform, in an all-equity deal. ŌURA , known for its smart ring wearable that delivers personalized health data and insights, has snapped up Proxy’s identification technology and smart ring patent portfolio. This strategic acquisition strengthens ŌURA’s position as […] Read more ›
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Helsinki-based Virta has recently secured €85M in growth funding, making it one of the biggest funding rounds in the industry in recent years. Of the total sum, €65M was provided as equity investment by Virta’s existing investors, such as Jolt Capital, Future Energy Ventures, and others, while €20M came from Business Finland, which provides innovation […] Read more ›
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Stockholm-based arttech startup blankt has partnered with ifolor, a leading e-commerce player in the printing industry, to offer customizable products to consumers. The partnership will focus initially on customizable posters, but the goal is to expand to more products over time. blankt has developed a design engine that is specialized for applications where aesthetics are […] Read more ›
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Helsinki-based game development studio Phantom Gamelabs has collected a seed investment from Supercell, a global game company based in Helsinki, Finland. The investment will help Phantom Gamelabs expand its core team and accelerate the development of its upcoming looter shooter IP. The team at Phantom Gamelabs, consisting of four experienced game developers with backgrounds in […] Read more ›
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Most popular sources
Business Insider
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32% 4 |
Tech Wire Asia
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19% 7 |
CNET
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8% 1 |
Tom's Hardware
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6% 2 |
Android Authority
|
5% 1 |
| View sources » | |
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28.11.2024 20:57
Last update: 20:40 EDT.
News rating updated: 03:51.
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