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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Stockholm-based cloud-based cybersecurity platform Baffin Bay Networks is acquired by Mastercard, one of the world’s leading payment processing companies. The move is aimed at providing businesses with more comprehensive protection against cyber threats and attacks, which are becoming increasingly sophisticated and difficult to combat. With the acquisition of Baffin Bay Networks, Mastercard is expected to […] Read more ›
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ReykjavÃk-based startup Glaze has recently received a significant investment of $1.1 million from Brunnur Ventures, a venture capital firm in Iceland. The platform provides cloud-based solutions for businesses in the experience economy. The investment is expected to propel the growth of Glaze and aid in the development of its innovative order and pay solution. Glaze’s […] Read more ›
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Helsinki-based startup IPRally Technologies has raised €10 million in a Series A funding round led by Endeit Capital, along with previous investors Join Capital, Spintop Ventures, and Icebreaker.vc. IPRally provides AI-powered patent search and classification services and aims to become a one-stop-shop for AI-driven patent research and competitive intelligence. The funds will be used to […] Read more ›
20
The winners of sTARTUp Pitching 2023 have been announced! A total of 271 teams participated in the competition, and after a fierce competition, the top three startups have been chosen. EstBAN awarded €200k to Paul-Tech, Baltic Sandbox Ventures invested €125k in Gearbox Biosciences which also received an equity-free cash prize of €10,000 from Swedbank, and […] Read more ›
2
MYSTiC GAMES, a gaming development studio based in Stockholm, has secured $1.3 million in a seed funding round led by Shima Capital and saw participation from 32-Bit Ventures, SevenX Ventures, MEXC, TA Ventures, and Mainstreet DAO. Angel investor Joe Mahon, who previously worked with Zappos’ Tony Hsieh on the Downtown Project, also participated. The startup […] Read more ›
1
The winners of sTARTUp Pitching 2023 have been announced! A total of 271 teams participated in the competition, and after a fierce competition, the top three startups have been chosen. EstBAN awarded €200k to Paul-Tech, Baltic Sandbox Ventures invested €125k in Gearbox Biosciences which also received an equity-free cash prize of €10,000 from Swedbank, and […] Read more ›
33
Copenhagen-based startup Contribe has recently landed a pre-seed investment from venture funds Human Act Development and Rockstart. The startup plans to use the pre-seed investment to help other businesses become more sustainable. The company aims to achieve this by building a platform that makes it easier for companies to engage in donating, environmental or social […] Read more ›
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Stockholm-headquartered startup with electric hydrofoil technology, Candela, has raised $20 million in a funding round co-led by EQT Ventures and investor duo Joel Eklund (Fosielund Holding AB) and Svante Nilo Bengtsson (Marknadspotential AB) with the participation of Ocean Zero LLC, among others. The startup intends to use the capital to mass-produce Candela’s revolutionary foiling 30-passenger […] Read more ›
2
DelSiTech, a drug delivery and drug development company based in Turku, has announced that it received a grant from the Bill & Melinda Gates Foundation. The grant will be used to create long-acting injectable formulations that will gradually release the HIV vaccine. This is the third grant awarded to DelSiTech by the foundation since 2018. […] Read more ›
2
Växjö-based startup Blinto, an online auction platform for used heavy machinery, has secured €10.6 million in funding from Verdane. The platform has been experiencing significant growth, offering a simple and efficient way to resell used machinery while also promoting sustainability by extending the life cycle of these products. With this recent investment, Blinto aims to […] Read more ›
1
Missing-Link Oy is a deep tech startup based in Tampere, Finland, and was founded in 2015 to address a specific research-based finding related to IoT monitoring in urban environments. The company specializes in providing real-time spectrum monitoring systems for on-premises situational awareness solutions. With a dedicated team of five key members, each with a unique […] Read more ›
1
Aarhus-based startup Landfolk has secured €3.8 million in a seed funding round led by SEED Capital. The platform is designed to connect discerning travelers with exceptional second homes that meet their exacting standards. This latest round of funding is the second in just two years since the company’s inception, and it will enable Landfolk to […] Read more ›
18
Odense-based startup QuadSAT ApS has secured €9 million in funding led by IQ Capital and supported by current investors, including the world’s leading space tech fund, Seraphim Space, Danish state Vækstfonden, and angel investors Torben Frigaard Rasmussen and Helge Munk. The startup supplies airborne antenna testing solutions. The funding round is the result of a […] Read more ›
6
CAST AI, a Miami-based startup with a European branch in Vilnius, has raised $20 million in a funding round led by Creandum. Creandum, an early-stage venture capital investment firm behind companies like Spotify, neo4j, and Klarna, invested $15M, joining CAST AI’s original lineup of investors which injected an additional $5M, signaling renewed enthusiasm for advanced […] Read more ›
12
Daiva Rakauskaitė has recently taken on the role of Chief Executive Officer at Lithuanian Business Angels Fund, after purchasing the management shares of former CEO Arvydas Strumskis, along with other partners of the fund. While Strumskis is no longer involved in active management, he will continue to advise the fund’s portfolio companies and participate in […] Read more ›
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Finnish startup Asumma recently secured a total funding of €945,000, which includes a pre-seed financing round of €720,000 in a funding round led by Kiilto Ventures, a Helsinki-based corporate venture capitalist that invests in startups transforming the built environment. Asumma also received a significant technology grant from the European Union via Finland’s ELY Center of […] Read more ›
3
CAPSULE, a startup based in Copenhagen, has secured €600k in a seed round backed by UNICO CAPITAL, Martin Lykke Suhr, and The Aventures. The company aims to end everyday wardrobe issues and clothing crises by providing a platform that helps users create outfits, get inspired, and buy products all in one place. The app counts […] Read more ›
6
The Maria 01 Impact Report shows that the hub’s startups have collected more than 700 million euros in funding over the course of its seven-year history. The amount of funding has increased almost tenfold in six years. Today, the leading Nordic startup hub, Maria 01, has released its latest Impact Report that measures the social impact of the campuses’ […] Read more ›
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Odense-based travel planning platform, Tryp.com, has just announced the closure of a seed round that brings the company’s valuation to 8.3 million Euros. The funding, which is believed to be north of €500,000, was led by Jacob Gade, Jens Schumann, Ben Cavender, and Next Commerce Accelerator (NCA), joining previous investors Vækstfonden, Frederik Siesbye Halsted, Jeppe […] Read more ›
1
Espoo-based data analytics platform CollectiveCrunch has closed a €1.4 million investment round led by Nidoco AB, an existing investor. The startup, the creator of the AI-powered Linda platform, develops products that significantly reduce timelines in forest inventories and enable transparent and accurate insights into biodiversity and carbon stocks. The funds will be used to continue […] Read more ›
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Most popular sources
Business Insider
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34% 4 |
Tech Wire Asia
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12% 4 |
CNET
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9% 3 |
TechRadar
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6% 5 |
Tom's Hardware
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6% 3 |
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29.11.2024 05:30
Last update: 05:25 EDT.
News rating updated: 12:22.
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