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 ›
43
Malmö-based startup OmMej, which provides a platform for assessing children’s mental health for public agencies, has secured €350K in a seed funding round. The investment was led by Gorilla Capital, with contributions from existing investors, including Chairman Fabian Hagman. Founded in 2018, OmMej empowers children to share their stories and helps adults better understand their […] Read more ›
18
Tallinn-based RAIKU has partnered with LVMH – Moët Hennessy Louis Vuitton, the world’s largest luxury goods conglomerate, to integrate its 100% natural packaging material into the luxury sector. This collaboration follows RAIKU’s selection for the LVMH Accelerator, where it was one of 30 startups chosen from over 1,500 applicants. The partnership aims to address the […] Read more ›
0
Copenhagen-based startup Wolfpack recently raised €1 million in seed funding from a group of business angels. The company, which simplifies expense management by integrating invoices, company cards, and reimbursements into a single platform, plans to use the funding to improve its software and introduce new features. These updates will include more streamlined workflows, integrated payment […] Read more ›
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Helsingborg-based Gympak has entered a strategic partnership with Portugal’s Nonius to bring their wellness and fitness content directly to hotel guests in the Nordics. This collaboration enables Gympak to expand its presence in the hospitality sector by integrating workout and relaxation videos into hotel TV systems, providing a seamless way for guests to engage with […] Read more ›
16
Avassa, a Stockholm-based provider of edge application management and operations platforms, has secured new funding with H&M Group joining as a strategic investor. Existing investors Fairpoint Capital and Industrifonden also participated in this round. Avassa’s platform helps enterprises manage edge applications and infrastructure, particularly useful for industries such as retail, automotive, and industrial sectors. The […] Read more ›
0
Vilnius-based startup Sort A Brick has secured €1,15M in funding to scale its AI-powered LEGO brick sorting service. The investment was led by the Baltic-focused VC fund Firstpick, supported by nine business angels, and included a €200,000 founder investment. Sort A Brick offers a circular solution by cleaning, sorting, and repackaging customers’ LEGO bricks, giving […] Read more ›
0
Podimo, the Copenhagen-based podcast and audiobook subscription service, has acquired Podads, a leading Danish podcast agency, in a strategic move to enhance its hybrid monetization model, blending subscription-based and ad-supported content. Podads, known for connecting podcasters with advertisers and producing award-winning content, will continue to operate under the leadership of CEO and Co-Founder Anne-Kathrine Pommergaard. […] Read more ›
0
Vilnius-based RegTech company AMLYZE has secured €2.35 million in seed funding to accelerate its next growth phase. AMLYZE provides advanced RegTech solutions for banks, FinTechs, and Virtual Asset Service Providers (VASPs), specializing in anti-financial crime technology, including transaction monitoring, customer risk assessment, and compliance screening. The company plans to use the funds to develop a […] Read more ›
0
Cerebriu has secured €17.4 million in Series A funding led by North Ventures, with ongoing support from EIFO and Sagitta Ventures. The investment will help Cerebriu scale its AI-powered MRI solution, Apollo, which improves MRI workflows by optimizing scan times and easing the burden on radiology departments. With this funding, the company plans to expand […] Read more ›
0
Copenhagen-based Logpoint has acquired Muninn, a Danish cybersecurity firm specializing in AI-driven Network Detection and Response (NDR), to enhance its SIEM-based Cyber Defense Platform. Logpoint, Europe’s largest Security Information and Event Management (SIEM) vendor, aims to improve security visibility and threat response for organizations and Managed Security Service Providers (MSSPs). This acquisition strengthens Logpoint’s platform […] Read more ›
2
Lund-based BrainLit has raised approximately €5 million in a funding round led by an undisclosed U.S. fund, along with support from existing investors. The funding will accelerate the company’s efforts to expand its “BioCentric Lighting” system, which mimics natural daylight to enhance health and well-being. BrainLit, already seeing success with professional sports teams, plans to […] Read more ›
0
November First, a Copenhagen-based fintech company specializing in payment solutions for SMEs, has been acquired by Visma after several years of collaboration. Founded in 2016, November First’s API has been instrumental in integrating the Smart Pay feature into Visma’s e-conomic software, allowing businesses to automate supplier payments directly from their accounting systems. This acquisition is […] Read more ›
0
DeafTawk, a Denmark-based startup, secured €10,000 in funding after winning the Global MediaTech Pitch Day, alongside Vochlea Music. DeafTawk specializes in real-time sign language interpretation, aiming to bridge communication gaps for the deaf community by integrating their services with platforms like YouTube and Netflix. The company plans to use the funding to expand its reach […] Read more ›
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Finland’s defence industry is seeing significant growth, driven by a mix of established companies and rapidly expanding startups, particularly those developing dual-use technologies for both civilian and military applications. According to a recent Tesi survey, 144 of the 368 companies in the sector are growth-oriented, with dual-use solutions gaining more traction from venture capital investors […] Read more ›
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Vilnius-based startup Ovoko, specializing in the e-commerce of used car parts, has secured €20 million in Series B funding, marking the largest investment in a Lithuanian startup this year. The round was led by U.S. venture capital firm Smash Capital, their first investment in Lithuania. Ovoko offers a digitized platform and logistics solutions, facilitating fast […] Read more ›
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Helsinki-based Distance Technologies has raised €10M in an oversubscribed seed round, led by GV (Google Ventures) and joined by FOV Ventures and Maki.vc. The Helsinki-based company focuses on developing glasses-free mixed reality technology, which turns transparent surfaces, such as windshields, into interactive displays using a 3D light field system. This solution, aimed at automotive, aerospace, […] Read more ›
0
Aarhus-based SolarLab has secured a €1.6 million loan from Nefco, the Nordic Green Bank, aimed at enhancing its production of customized solar facades for both new and existing buildings. The funding will support the relocation of its manufacturing operations to Denmark, the installation of a new solar panel lamination line, and the establishment of a […] Read more ›
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Copenhagen-based Scandinavian Biolabs (SBL) has successfully closed a €4 million funding round led by Auréa Group, with significant contributions from Blazar Capital and strategic support from SevenVentures, part of ProSiebenSat.1 Group. Founded in 2020, the company specializes in non-invasive solutions for early-stage hair loss, with its flagship product, the Bio-Pilixin® Activation Serum, showing promising results […] Read more ›
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Findable, a Norwegian startup transforming building documentation, has raised €9 million in a Series A funding round led by Point Nine, with participation from KOMPAS, Construct Venture, Malling & Co Venture, and LakeEight. Findable’s AI-driven platform organizes scattered building information, enabling faster compliance with safety regulations and improved sustainability. This funding will fuel product development, […] Read more ›
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Tallinn-based fintech Mifundo has raised €10 million to develop a cross-border data platform for portable credit profiles across the European Union. The funding includes €1.2 million from a pre-seed round led by Tera Ventures, with participation from Opus11 VC and angel investors such as Mihkel Karu (ex-Skype) and Sergei Anikin (ex-Pipedrive). Additionally, Mifundo secured a […] Read more ›
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8% 2 |
Android Authority
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Tech Wire Asia
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7% 3 |
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27.11.2024 05:39
Last update: 05:30 EDT.
News rating updated: 12:32.
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