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Jan Ameri @ ArcticStartup 1 place · 04/09/2024 09:40 EDT

Danish REDUCED raises €6 million to scale natural food ingredients business

REDUCED, a company based in Copenhagen, has secured €6 million in funding led by Novo Holdings, with contributions from Einar Willumsen, EIFO, and Rockstart Agrifood. They specialize in using fermentation technology to turn food and agriculture side streams into natural food ingredients. The funding will help them enhance their technology, expand their range of savoury […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 04/09/2024 07:58 EDT

Finnish Alvar Pet acquires Verkkokauppa Kivuton and partners with Juuri Partners to form largest Nordic pet health online store

Alvar Pet, a Helsinki-based pet food brand, has acquired Verkkokauppa Kivuton, an online store focusing on pet health, and partnered with Juuri Partners, a Finnish growth investor, to create the largest online store in the Nordics for pet health products. The acquisition allows Alvar Pet to combine its expertise in pet nutrition with Kivuton’s focus […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 04/09/2024 06:15 EDT

Basemark raises €22M Series B

Basemark, a Helsinki-based company specializing in automotive augmented reality (AR) software, recently secured €22 million in series B funding. This investment round was led by ETF Partners, with additional contributions from Finnish Industry Investment (Tesi), Constructor Capital, Business Finland, European Innovation Council, and several private investors. Basemark’s core product, Rocksolid AR, allows car manufacturers (OEMs) […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 04/08/2024 06:35 EDT

Swedish Scayl scores €100 million investment to fuel fintech lending innovation

Scayl, a recently unveiled debt financing platform, has secured a substantial €100 million investment. Founded in 2023 by Medjit Yalmaz, Patrik Blomdahl, and Jatin Goyal, Scayl offers European fintechs developing credit products a streamlined approach to funding, enabling them to finance their loan portfolios more efficiently and rapidly compared to traditional methods. The platform’s innovative […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 04/08/2024 05:37 EDT

Sweden’s Alrik raises €1M seed to expand sustainable fleet management solutions in construction industry

Alrik, a Stockholm-based company that creates operations software, recently secured €1M in seed funding. The funding comes from Pi Labs, a global VC firm. Alrik’s software is designed for the construction industry, allowing supervisors to easily monitor their fleets from a central system. This funding will help Alrik expand its operations across Europe, enhance its […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 3 place · 04/08/2024 04:38 EDT

Völur secures $2.8M & new CEO

Völur, an Oslo-based software company focused on using AI to revolutionize the meat industry, has successfully raised $2.8 million in funding. This round saw participation from new investors like Serra Ventures and York IE, as well as existing backers such as Idékapital, Fusion Fund, and Fortress Fund. The funding will be used to further Völur’s […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 04/05/2024 06:40 EDT

Estonia’s Elcogen nets over €140 million in funding for clean energy technology expansion

Elcogen, a Tallinn-based clean energy technology company, recently raised over €140 million in funding. This includes more than €24 million in equity investments from Hydrogen One Capital Growth plc, HD Hyundai, and Mirae, as well as grants from the European Commission. Additionally, the company has secured a proposed debt of €15 million. Baker Hughes also […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 04/05/2024 05:54 EDT

Norwegian Plaace secures €885K in funding for Nordic expansion in proptech sector

Plaace, a Oslo-based proptech company, recently secured €885k in funding. The investment was led by RunwayFBU, with participation from existing investors OBOS and Blommenholm Industrier, and support from Innovation Norway. Plaace specializes in providing data and analytics solutions for Commercial Real Estate companies, Retailers, and CRE Brokers, helping them define strategies, match with locations and […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 3 place · 04/05/2024 05:26 EDT

Skåne Ventures raises €2.9M

Skåne Ventures, a collaborative effort between Minc, Ideon Science Park, Hetch, and Krinova, has secured €2.9 million (33.6 million SEK) in its first funding round. This initiative aims to become one of Sweden’s largest investment structures for early-stage startups. Despite the challenges of raising capital in the current global climate, Skåne Ventures has attracted significant […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 04/05/2024 04:39 EDT

Supersimple raises $2.2M

Supersimple, a Tallinn-based data platform aimed at enabling users to answer complex ad-hoc questions with zero code, has announced $2.2 million in funding from investors including Tera Ventures, Specialist VC, Tiny VC, Ott Kaukver, Alvar Lumberg, Indrek Kasela, and Märt Kelder. The platform connects to existing data warehouses, allowing users to interact with data through […] Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup · 04/05/2024 03:50 EDT

Sweden’s Gaia Biomaterials secures $5 million for global expansion of eco-friendly products

Gaia Biomaterials, a Helsingborg-based company focused on sustainable solutions, recently completed a $5 million rights issue. This funding round was supported by Almi Invest Greentech, a Swedish state-owned greentech venture capital fund, as well as private investors from both international and domestic markets. Gaia Biomaterials is known for its innovative product, Biodolomer, which is made […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 04/04/2024 03:55 EDT

Ironic Biotech raises €1M pre-seed

Ironic Biotech, a Lund-based biotech startup, has secured €1 million in funding from Nordic Foodtech VC in a pre-seed round. The company focuses on addressing iron deficiency and anemia, which affect a significant portion of the global population, particularly women. Their approach involves developing plant-derived proteins with high iron bioavailability and no side effects, offering […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 04/04/2024 03:25 EDT

Telness Tech raises €5M

Telness Tech, a Swedish software company for the telecommunications industry, has secured €5 million in funding from Industrifonden and Viltor (JCE Group), to fuel its rapid international expansion, particularly in the US. The company’s platform enables mobile operators to launch fully digital solutions, reducing costs significantly and speeding up the time to market. With this […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 3 place · 04/04/2024 02:47 EDT

Finnish Polar Night Energy raises €7.6M to scale up sand battery technology

Polar Night Energy, a Tampere-based startup, has secured €7.6 million in seed funding to support its innovative Sand Battery technology. Led by Jonathan Oppenheimer, the funding round also included contributions from Stephen Industries, Holdix, Turret, PC Rettig & Co. Impact, and existing investors. The company’s Sand Batteries are designed to store thermal energy, enabling increased […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 04/02/2024 06:45 EDT

iDenfy and SCOPE partner

iDenfy, a Kaunas-based identity verification and fraud prevention company, has partnered with SCOPE FinTech Solutions, a Netherlands-based business specializing in fintech SAAS solutions, to enhance fintech security in response to the European market’s expansion and increasing financial fraud threats. Through this partnership, SCOPE will integrate iDenfy’s AI-powered ID verification, including 3D liveness detection, into its […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 04/02/2024 06:24 EDT

Onego Bio raises $40M

Onego Bio, a Helsinki-based foodtech, has secured $40 million in Series A funding, led by NordicNinja, with investments from Tesi, EIT Food, and existing investors Agronomics, Maki.vc, Holdix, Turret, and certain strategic partners. The Series A round also includes a $10 million non-dilutive funding from Business Finland, a public organization under the Finnish Government that […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 04/01/2024 06:40 EDT

Finland’s Klu clinched victory at Arctic15, securing €200K and hearts with their groundbreaking approach to data accessibility

In a resounding victory that echoed across the halls of Arctic15 Pitching Competition 2023, Finnish startup Klu, a pioneering force in data management, emerged as the frontrunner, securing both hearts and substantial funding. The win not only validated their vision but set the stage for a transformative journey in redefining how businesses access and utilize […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 03/29/2024 10:36 EDT

Candela, a Stockholm-based electric vessel manufacturer, has closed its largest funding round of €25 million, with key investment from Groupe Beneteau, a global boat maker, along with EQT Ventures, Ocean Zero LLC, and Kan Dela AB. Candela’s hydrofoil craft use 80% less energy than other ships, offering long range and high speed on battery power. […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 03/29/2024 02:29 EDT

Icelandic SmartWorks acquired by Signicat, enhancing digital identity solutions

SmartWorks, Iceland’s leading digital identity and fraud prevention provider in electronic signing, has been acquired by Signicat, Europe’s foremost digital identity solutions provider. Founded in 2016, SmartWorks is known for its e-signature and anti-fraud solutions, serving clients such as Íslandsbanki, Brimborg, and the City of Reykjavik. With this acquisition, SmartWorks joins Signicat to expand its […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 03/29/2024 02:13 EDT

Finland’s Benjamin Capital Partners raises $5.5M seed to propel growth of cash rewards app, and welcomes new CEO

Benjamin Capital Partners, based in Oulu and New York, has secured $5.5 million in seed funding from Play Ventures, F4 Fund, and other prominent investors, including Anton Gauffin, Shane Happach, and Ilkka Teppo. The company operates the Benjamin cash rewards app, which allows users to earn cash rewards, called Benjamin Money Moments, on various activities […] Read more ›

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21.12.2025 13:38
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