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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Quanscient, a startup based in Tampere, has successfully raised €3.9 million in a seed round, which was spearheaded by Maki.vc. Additionally, the startup was able to secure €446K in non-equity funding from Business Finland. This includes a quantum research grant as well as an R&D loan. Quanscient has the distinction of being the very first […] Read more ›
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Reykjavik-based biopharma startup Akthelia Pharmaceuticals and the University of Iceland have been awarded a €6 million EU Horizon Grant to fund the IN-ARMOR project, which seeks to address antimicrobial resistance using a first-in-class immunotherapeutic approach. Akthelia’s lead program focuses on upregulating the innate immunology in the GI tract to improve outcomes in cancer care by […] Read more ›
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ReykjavÃk-based startup PaxFlow has raised $2.2 million from Brunnur Ventures to fuel its next phase of growth. The startup is on a mission to disrupt tour operation with a set of unique features to help tour operators manage and automate daily tour operation tasks. The funding will be used to continue the development of PaxFlow’s […] Read more ›
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Espoo-headquartered startup eniferBio, a spin-off from VTT Technical Research Centre of Finland, has collected €11 million in a series A funding round led by Aqua-Spark, Netherlands-based global aquaculture investment fund. Tesi, Valio, Voima Ventures, and Nordic Foodtech VC also joined the round. Having secured new funding, eniferBio intends to ramp up its production of PEKILO® […] Read more ›
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Helsinki-based ReOrbit continues to grow with the addition of Markus Räikkönen as an Advisor and Angel Investor (part-time) to the company. The startup offers a state-of-the-art small satellite platform that can inter-network and autonomously operate in orbit with a software-first approach, which allows flexible and timely space missions in any orbit. Markus Räikkönen’s expertise in […] Read more ›
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Gothenburg-based cleantech startup Plagazi has raised additional funding of €1.77 million (20MSEK) in a Series A from Uturn2innovation, an investment entity primarily focused on renewable energy projects. Plagazi provides an innovative and competitive green hydrogen production process that significantly reduces greenhouse gas emissions worldwide. The capital will be used to support Plagazi’s ongoing projects and […] Read more ›
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Helsinki’s FinanceKey and Espoo-based Enable Banking have recently joined forces to provide businesses with a comprehensive Open Banking experience. FinanceKey provides an API and data orchestration layer for finance teams, offering streamlined integrations, automated reporting, and intelligent workflows, while Enable Banking is a pioneering Open Banking connectivity provider dedicated to empowering businesses to shape the […] Read more ›
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Stockholm-based startup Kodiak Hub has raised $5 million (55MSEK) in a Series A funding round led by Blq Invest. The investment will be used to foster sustainable procurement and to offer a new standard for how global businesses can create smart and sustainable supplier relationships. The funds will be used to further develop Kodiak Hub’s […] Read more ›
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Aarhus-based startup Wedio has collected €1.25 million in a seed round from Founderment Ventures and Vaekstfonden. The startup also received approximately €150K through a crowdfunding campaign in Wefunder. The platform is a European equipment rental community for Filmmakers and Photographers, like the Airbnb of professional film gear. The total funding from the seed round will […] Read more ›
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Aarhus-based scaleup LMS365 has obtained $20 million in growth capital to finance its continual expansion on a worldwide scale. It was led by New York City-based Blue Cloud Ventures, a late-stage SaaS-focused venture capital fund, and joined by Kamet Capital and existing shareholders. LMS365 is a SaaS learning management system built into Microsoft 365 and […] Read more ›
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Stockholm-based music delivery platform Reactional Music has raised a seven-figure pre-Series A funding round led by Amanotes and Butterfly Ventures. The round also saw participation from a number of angel investors including Kelly Sumner, a former chairman of Mediatonic (Fall Guys, recently acquired by Epic), CEO of Red Octane (Guitar Hero, acquired by Activision) and […] Read more ›
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Riga-based startup FIS.solutions has received €250K from Expansion Capital. The startup offers customized finance and banking software solutions using a user-friendly set of tools, catering to individuals from all walks of life. With the investment, FIS.solutions plans to scale its operations by adding new members to the team. FIS.solutions is reversing the paradigm for what […] Read more ›
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Vilnius-based startup Perfection42, formerly Perfection.AI, has raised €1.1 million in a seed round from CoInvest Capital, OCC, Lithuanian Business Angel Network LitBAN syndicate, Justas Janauskas, and other business angels. Perfection42 develops new artificial intelligence capabilities for automating the process of creating 2D and 3D computer graphics. The startup’s goal is to help Creators unleash their […] Read more ›
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Oslo-based startup Pascal Technologies, formerly SES-X Marine Technologies, has collected €4.6 million (53MNOK) in a funding round from new investors along with the existing ones. The lead investor was Ocean Zero, led by TED curator Chris Anderson and technology editor Stephen Petranek. The startup enables vessels to glide on a cushion of air, significantly reducing […] Read more ›
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Atrandi Biosciences, a startup based in Vilnius and Denver, has raised €4.5 million in a funding round led by Vsquared Ventures along with participation from Practica Capital and Metaplanet. The startup provides innovative microfluidic solutions for the life sciences. The platform enables new insights into the biology of single cells, with immediate applications in research […] Read more ›
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Copenhagen-based biotech startup Adcendo ApS has collected an additional €31M in a Series A round led by Pontifax Venture Capital and existing investors Novo Holdings and Ysios Capital. RA Capital Management, HealthCap and Gilde Healthcare participated as well. The startup develops breakthrough antibody-drug conjugates (ADCs) for the treatment of underserved cancers. This capital injection, or […] Read more ›
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Estonian streaming platform Fairmus and startup Fanvestory have announced a merger aimed at increasing the fan experience in the music industry. Fanvestory is a platform that enables music fans to better connect with their favorite artists and help them succeed. Meanwhile, Fairmus provides fans with an easier way to find their favorite artists, as its […] Read more ›
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Riga-based startup Hyperjob has raised €435K in a seed round to develop the next generation of hiring solutions. The round was led by SMOK.vc, with the participation of angel investors Davis Siksnans, co-founder and ex-CEO of Printful, and Einar Roosileht, CIO of Rush Street Interactive, among others. The platform provides job post microsites, message A/B […] Read more ›
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Copenhagen-based startup Teton.ai has collected €4.8 million in a funding round led by Plural along with angels including Finn Murphy, formerly at Frontline Ventures. The startup develops cutting-edge deep learning and computer vision products empowering caregivers to do more with less. Teton intends to use the funds to take its technology to another level and […] Read more ›
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Riga-based Naco Technologies, a startup specializing in nano-coatings and materials for hydrogen production and usage, has secured a €2.3 million grant from European Innovation Council and SMEs Executive Agency (EISMEA), as well as investment, for a total of €10 million. The project aims to reduce the need for expensive materials like platinum and iridium in […] Read more ›
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Most popular sources
Business Insider
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31% 0 |
Tech Wire Asia
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20% 8 |
CNET
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7% 1 |
TechRadar
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5% 4 |
Tom's Hardware
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5% 1 |
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29.11.2024 03:44
Last update: 03:36 EDT.
News rating updated: 10:31.
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