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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Helsinki-based Munchfam has raised €600K in a round led by Belgium’s Pitchdrive and Greece’s Genesis with the support of Nordic Makers, Founders Edge, and former & current management from Wolt, JustEat, Food Panda, and Bolt. The company helps restaurants thrive by providing great food experiences to their consumers. The funding will enable them to scale […] Read more ›
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Oulu-based startup Louhe Oy has secured €3 million led by Lifeline Ventures with the participation of previous investors and tech veterans. The company gathers essential data sources from campuses and buildings to create intelligent situational awareness utilizing machine learning and Explainable AI. The recent funding round will enhance their services and feed their mission to […] Read more ›
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The LOOPER project, a collaboration involving Visibuilt ApS, Munck Asfalt A/S, and the Technical University of Denmark, has been awarded a €1.7 million (DKK 13,18 million) grant from EUDP (Det Energiteknologiske Udviklings- og Demonstrationsprogram). The funding aims to further develop visiBIT, a new binder designed to replace fossil fuel-based bituminous binders in pavement construction. The […] Read more ›
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Monese, founded by Estonian entrepreneur Norris Koppel in 2015, offers digital banking services across the UK and Europe, specializing in multi-currency accounts for individuals and businesses who need easy cross-border financial access. The company is now being acquired by Pockit, a UK-based fintech that provides financial services to underserved, lower-middle-income consumers, focusing on products like […] Read more ›
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Tenity VC’s Climate Fintech Report 2024 highlights Estonia as a global leader in climate fintech, showcasing remarkable growth, innovation, and resilience in a rapidly evolving sector. The report reveals Estonia’s standout performance, with the country leading on several key metrics, including climate fintechs per capita and the rate of female founders. For the third consecutive […] Read more ›
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Oslo-based biotech company Calluna Pharma has appointed Mark Gaffney as Chief Executive Officer and Mark Altmeyer as Independent Chair of the Board. Gaffney brings extensive experience from his previous leadership roles at Oxular Limited and Vedere Bio and will lead the company as its lead program, CAL101, approaches the end of its Phase 1 trials. […] Read more ›
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Finnish investment manager Innovestor has initiated a €20 million energy storage project focusing on decentralized systems installed in commercial properties across Finland. This effort aims to address fluctuations in clean energy production by utilizing “behind-the-meter” battery systems, which store solar energy on-site. The initiative is expected to reduce reliance on non-renewable energy, cutting carbon emissions […] Read more ›
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RedTrack, a Vilnius-based analytics and automation platform for media buyers, has raised $3.2 million in a Series A funding round led by Lead Ventures, alongside participation from InstaVC, Iron Wolf Capital, and angel investor Balazs Gandera. The funding will be used to improve product features and automation processes on its platform, which serves over 800 […] Read more ›
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Cspaar, an Aarhus-based IT company specializing in ERP solutions for small and medium-sized businesses (SMBs), is expanding its European presence through a partnership with Dutch consulting firm Keep ERP Simple. This collaboration aims to facilitate the sales and distribution of cspaar.erp in the Netherlands, enabling local businesses to access customized ERP systems that integrate order […] Read more ›
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Based in Oslo, Sonair has secured $6.8 million in funding, with a recent $1.6 million round led by Skyfall Ventures and additional backing from RunwayFBU. The startup specializes in developing a patented 3D ultrasonic sensor technology that aims to improve mobile robots’ spatial awareness, transitioning from traditional 2D systems to more advanced 3D capabilities. This […] Read more ›
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Copenhagen-based startup Kapa has secured $3.2 million in a seed round led by Initialized Capital, with participation from Y Combinator and angel investors such as Douwe Kiela (Founder of ContextualAI), Amjad Masad (Founder of Replit), and Solomon Hykes (Founder of Docker). The company specializes in transforming technical documentation into intelligent AI assistants that provide instant, accurate […] Read more ›
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Altris, a Uppsala-based sodium-ion battery developer, has raised €13.2 million (SEK 150 million) in a Series B1 funding round, welcoming Clarios and Maersk Growth as new investors. This investment will help finalize Altris’ pilot production facility, advancing the commercial production of its innovative sodium-ion cathode material. Clarios and Maersk Growth join existing investors like EIT […] Read more ›
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Lovable, a platform designed to democratize software creation, has secured €6.8 million in pre-seed funding led by Nordic funds Hummingbird and byFounders, alongside angel investors including Shopify’s Siavash Ghorbani, Voi’s Fredrik Hjelm, and Creandum’s Stefan Lindeberg. The funding will fuel the expansion of Lovable’s AI-powered coding tool, GPT Engineer, which allows users to generate production-ready […] Read more ›
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MONCYTE Health, a diagnostics company based in Helsinki, has raised €1 million in a seed funding round to advance its technology for treating high cholesterol. The round was led by Finnish venture capital firms Inventure, Almaral, and Athensmed, with participation from the University of Helsinki Funds and various private European investors, along with a grant […] Read more ›
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Julie Chatterjee has been appointed as the new CEO of Northmill Bank, succeeding in a role where she aims to leverage her extensive background in banking and finance. A civil engineer by education from KTH, Chatterjee has previously held significant leadership positions, including her tenure as CEO of OKQ8 Bank. Northmill currently serves over half […] Read more ›
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Syklo, a Finnish company focused on the circular economy, has acquired Elastopoli, a firm specializing in cellulose-based biocomposites. Elastopoli’s technology uses recycled materials like pulp and plastic to create biocomposites, which can serve as alternatives to traditional plastics and glass fiber. With this acquisition, Syklo plans to increase production at Elastopoli’s pilot facility and construct […] Read more ›
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Parsly, a Stockholm-based AI-driven platform that helps restaurants optimize their purchasing and improve profitability, has been acquired by U.S. procurement leader Buyers Edge Platform. Parsly rapidly grew by offering small and mid-sized restaurants a powerful tool to streamline procurement and reduce costs, analyzing over $140M in purchases to date. With this acquisition, Parsly will accelerate […] Read more ›
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Synergi, a Helsinki-based tech company specializing in smart energy solutions, has raised €2 million in seed funding. The round was led by Greencode Ventures, a pan-European Article 9 VC firm focused on green transition solutions, with additional support from Vaens, a Finnish family office, and participation from existing investors including Lifeline Ventures, APX, and Wave […] Read more ›
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Cocoon Airbag Protection AB, a Lund-based startup, has been awarded grants from both the Women TechEU program under Horizon Europe and Vinnova. Cocoon Airbag Protection AB develops an innovative airbag system that integrates into child bicycle seats to provide full-body protection for children in the event of an accident. This funding aims to support the […] Read more ›
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Mobal, a Helsinki-based provider of digital marketing and review management tools, has partnered with Suomen Yrittäjät, Finland’s largest organization for entrepreneurs. The collaboration aims to offer small and medium-sized businesses access to Mobal’s marketing solutions at discounted rates. These tools, including review management platforms and AI-driven analytics, will help entrepreneurs improve their online presence and […] Read more ›
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Most popular sources
Business Insider
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21% 11 |
Wired
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10% 5 |
The Verge
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8% 2 |
Android Authority
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7% 4 |
Tech Wire Asia
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7% 3 |
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27.11.2024 05:45
Last update: 05:36 EDT.
News rating updated: 12:32.
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