Latvia’s startup sector continues to punch above its weight, with high productivity and competitive wages underscoring its growing economic impact. According to the newly published Latvian Startup Report 2025 by the Latvian Startup Association Startin.LV, the country counted 569 active startups by the end of 2025, with the ecosystem generating €610.5 million in turnover in […] Read more ›
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Vilnius-based Spike, a B2B data technology and AI startup, has announced the successful close of a €3.2 million oversubscribed seed round, co-led by Practica Capital and TheVentureCity, with participation from CEAS Investments, Plug & Play Ventures, Geek Ventures, and Axel Springer Porsche (APX). Spike provides healthcare and digital health businesses with AI solutions that are […] Read more ›
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Oslo-based 3D creation technology provider Sloyd has secured €3 million in seed funding, with participation from global investors SPEEDRUN, a16z GAMES’ gaming accelerator, Antler, Skyfall Ventures, FreshFund, AceCap, Hartmann Capital, and several high-profile angel investors. The round also included a strategic investment from Autodesk. Founded in 2021, Sloyd enables rapid design, customization, and implementation of […] Read more ›
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ExpressionEdits, a biotechnology company optimizing protein expression using AI and proprietary intronization technology, announced a $13 million seed funding round co-led by Octopus Ventures and Redalpine, with participation from BlueYard Capital, Wilbe Capital, Acequia Capital, Amino Collective, and Hawktail. ExpressionEdits will use the funding to accelerate candidate selection for preclinical studies and develop a pipeline […] Read more ›
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Tallinn-based defense tech company SensusQ has raised €3.8M from US-based New North Ventures and angel investors. SensusQ, which offers an AI-powered system to integrate data from various sources like UAVs and cyber events for defense applications, will use the capital to expand its team and meet market demand. The investment provides SensusQ with strategic support […] Read more ›
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BlackWood Ventures, a Copenhagen-based venture capital fund specializing in network and technology-driven investments, has announced the second closing of its debut fund, raising a total of €14,7 million (DKK 110 million). The fund focuses on identifying and investing in early-stage startups across Europe, using a systematic approach. This closing aligns the fund with its portfolio […] Read more ›
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Stockholm-based Fidesmo has partnered with Kempele-based world leader Polar Electro to integrate its secure contactless payment technology into Polar’s sports watch wristbands. The new Polar Payment Wristbands, featuring Fidesmo’s NFC chip, allow users to connect their payment cards via the Fidesmo Pay app and make secure transactions at any contactless terminal. This collaboration leverages Fidesmo’s […] Read more ›
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Copenhagen-based consumer research technology company GetWhy has secured $34.5 million in Series A funding from PeakSpan Capital. GetWhy leverages AI to provide rapid, cost-effective consumer insights for leading global brands like Nike, Heineken, and Coca-Cola. This significant investment will enable GetWhy to scale its AI-powered platform and further disrupt the $60 billion consumer research market. […] Read more ›
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Doconomy, an impact fintech company based in Stockholm, has closed a €34 million Series B funding round to accelerate its sustainability capabilities in financial services. The round was co-led by UBS Next and CommerzVentures, with new investor S&P Global joining. Existing investors Motive Ventures, PostFinance, and Tenity also participated. Doconomy provides banks with innovative tools […] Read more ›
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Tallinn-based Eleport and Carrefour Polska have signed a strategic cooperation agreement to expand the electric vehicle (EV) charging infrastructure in Poland. The partnership will see 170 charging points installed at over 70 Carrefour-owned commercial facilities across 65 cities, promoting ecological transportation and enhancing access to EV charging stations. Carrefour aims to provide convenient, user-friendly EV […] Read more ›
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Audicin, a Helsinki-headquartered startup specializing in patent-pending audio treatments for nervous system regulation, announced the successful closure of a €520K pre-seed funding round. The investment round attracted notable investors, including Petteri Lahtela and Virpi Tuomivaara, co-founders of ŌURA Health, alongside other competence-based angel investors. The company’s innovative audio treatments are designed to deliver the benefits […] Read more ›
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Stockholm-based SaaS company CheckProof, specializing in digital Maintenance and HSEQ Management for the construction materials industry, has secured a significant investment from Viking Venture. The funding will be utilized to expand CheckProof’s platform across North America and Europe, enhancing operational efficiency, preventative maintenance, and regulatory compliance for their clients. Viking Venture, joining Granitor as a […] Read more ›
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Riga-based RivalSense has secured an angel round led by Change Ventures, with participation from Fiedler Capital and local business angels. Founded by Martins Vaivars and Arturs Prieditis, Techstars alumni with a background in machine learning, RivalSense offers AI-driven competitor tracking. Their platform delivers curated competitor insights weekly, covering pricing changes, product updates, new hires, regulatory […] Read more ›
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Realm, a Helsinki-based startup co-founded by former Slush leaders Miika Huttunen and Mikko Mäntylä, has raised €1.7M in funding to enhance its AI-powered knowledge search platform. The funding round was led by Lifeline Ventures, with participation from notable founders including those from Zalando, Snyk, Supercell, Wolt, and Pigment. The company’s product, also named Realm, acts […] Read more ›
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Copenhagen-based fintech startup ZTLment has secured €2.4 million in total pre-seed funding from investors PreSeed Ventures, Upfin, Giant Ventures, and strong business angels. ZTLment aims to pioneer compliant wallet infrastructure on decentralized rails for ordering and booking platforms. The funding will be used to eliminate the need for outdated banking infrastructures, facilitate programmable and peer-to-peer […] Read more ›
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Copenhagen-based Dreamcraft Ventures has successfully closed its Fund II at €66 million, exceeding its initial target. Since its inception in 2019, the firm has focused on supporting B2B software companies across Europe, particularly in the pre-seed and seed stages. Backed by prominent institutional limited partners such as Chr. Augustinus Fabrikker and various Family Offices, Dreamcraft […] Read more ›
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Adcendo, a Copenhagen-based biotech company specializing in antibody-drug conjugates (ADCs) for cancer treatment, has raised an additional €16 million in a second Series A extension. The funding round was led by Dawn Biopharma, a KKR platform, with participation from Novo Holdings, Ysios Capital, RA Capital Management, HealthCap, Gilde Healthcare, and Pontifax Venture Capital, bringing the […] Read more ›
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Natural Cycles, a Stockholm-based women’s health company, has secured €50.8 million in Series C funding led by Lauxera Capital Partners, with additional participation from Point72 Private Investments and a revolving debt facility from J.P. Morgan. This latest investment aims to enhance commercial growth, product innovation, and streamline healthcare reimbursement automation. Co-founded in 2013 by Dr. […] Read more ›
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Syre, a Stockholm-based textile impact company launched in March this year by Vargas and H&M Group, has secured a significant milestone with a $100 million Series A funding round. The investment, led by TPG Rise Climate, with additional contributions from founding investor H&M Group and strategic partners like Giant Ventures, IMAS Foundation, Norrsken VC, and […] Read more ›
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StartupBlink, the leading global startup ecosystem map and research center, has announced the launch of the Global Startup Ecosystem Index 2024, featuring rankings of 100 countries and 1000 cities. The Index, based on a rigorous and objective algorithm, empowers entrepreneurs, investors, and policymakers with reliable data. In the Nordics, Sweden remains the top-ranked country despite […] Read more ›
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Mapon, a Riga-based fleet management solution provider in Northern Europe, has acquired 100% of the shares of Trackon Fleet Management UAB, a Lithuanian company offering similar services. This acquisition strengthens Mapon’s market position in Lithuania and expands its customer base, positioning it as a leading industry player in the Baltics. Both companies provide fleet management […] Read more ›
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09.03.2026 17:15
Last update: 17:10 EDT.
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