Reykjavik-based startup PayAnalytics, renowned for its innovative approach to tackling pay inequity through data analytics, was recently acquired by beqom, a leading provider of comprehensive compensation and performance management solutions. This acquisition signifies a strategic alignment between PayAnalytics’ expertise in quantifying and addressing pay disparities and beqom’s robust compensation management platform. PayAnalytics’ user-friendly software enables […] Read more ›
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Exponential Technologies, a startup based in Riga, obtained €280K funding from the Horizon Europe programme. This funding is meant to support their efforts in developing advanced multi-material 3D printing techniques using machine learning and data science. The company specializes in creating digital models for these innovative printing processes. With this financial backing, Exponential Technologies plans […] Read more ›
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Meniga, a fintech company based in Reykjavik, recently raised €15 million in Series D funding. Notable backers in this round include major European banks like Groupe BPCE and Crédito AgrÃcola, alongside Icelandic VC group Omega ehf and existing shareholders. The company’s focus lies in offering advanced solutions for Personal Finance Management to large banks and […] Read more ›
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Digital Mind, a Baltic business process digitalization specialist, will acquire Poland’s EIP Dynamics, a prominent Microsoft ERP solutions provider, financed by Livonia Partners. This strategic move aims to bolster Digital Mind’s capabilities, facilitating cross-border teams to serve large local and international clients in complex digitization needs. Anticipating approval in 2024, the acquisition positions Digital Mind […] Read more ›
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Reykjavik-based Exmon Software, known for its expertise in handling data quality and master data management, has been acquired by Danish company TimeXtender. This strategic move aims to boost Exmon’s growth and innovation prospects. By joining forces with TimeXtender, Exmon anticipates offering better services to its customers while expanding its global presence. The goal is to […] Read more ›
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Seasony, a Copenhagen-based company focused on using innovative mobile robotics for indoor farming, recently secured €1.5 million in funding. This investment came from notable investors like North Ventures, the Export and Investment Fund of Denmark, and several experienced business angels including Vagn Ove Soerensen, Torben Wind, Klaus Holse, Barbara Taudorf Andersen, Nicolaj Reffstrup (Look Up […] Read more ›
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ReykjavÃk-based Controlant recently concluded an $80 million funding round, securing $40 million from the Icelandic pension fund Gildi, alongside other pension funds, private investors, and existing shareholders, in addition to $40 million in debt financing from funds advised by Apax Credit in September. Specializing in real-time solutions for pharmaceutical supply chains, Controlant aims to achieve […] Read more ›
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Proemial, an AI startup based in Aarhus, recently secured €2 million in funding co-led by People Ventures and Dreamcraft Ventures, and supported by angel investors and advisors from influential tech companies such as Apple, Google, and Metaincluding academic luminary Serge Belongie from The Pioneer Centre for AI in Copenhagen. Werner Vogels, CTO of Amazon, served as […] Read more ›
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Herning-based formidable force in the Nordic IT domain, itm8, revealed a monumental merger consolidating 13 distinguished companies under its umbrella. This union marks the coming together of IT Relation, AddPro Denmark, JDM, Mentor-it, Cenvation, Miracle42, Copenhagen Software, Sotea, AddPro Sweden, Improsec, Me’ning, Progressive, and Emineo, collectively under the unified banner of itm8. With a combined […] Read more ›
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Ecobase, a startup focused on reforestation based in Tallinn, recently raised €2.5 million in seed funding. The investment was led by Combiwood Grupp, a prominent conglomerate in Estonia’s woodworking industry. Ecobase helps European landowners access funding for carbon initiatives by providing them with a platform and support network. This enables the implementation of afforestation and […] Read more ›
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Magic Feedback, a Copenhagen-based AI startup, recently secured a pre-seed investment of €1.2 million, led by Maki VC and supported by individual angel investor Geeta Schmidt, former CEO and Co-founder of Humio. The company specializes in providing a unified platform that leverages AI to aggregate, organize, and analyze scattered user feedback from various sources like […] Read more ›
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Espoo-based Boreal Bioproducts®, previously known as Montinutra, secured €2 million in pre-A funding led by Metsä Spring, a corporate venture unit of Metsä Group, along with a group of private investors. Specializing in converting overlooked forest industry sidestreams into valuable, eco-friendly biochemicals to replace fossil-based materials in industries like cosmetics and chemicals, Boreal Bioproducts® plans […] Read more ›
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Minut, a Malmö-headquartered property monitoring company, has surged ahead in its trajectory with an additional $5 million boost from London-based venture capital firm Smedvig Capital. This extension has catapulted its Series B round to an impressive $20 million, consolidating support from a consortium of investors, including Almaz Capital, Zenith, Kompas, Karma, KPN Ventures, SOSV, Verve, […] Read more ›
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Copenhagen-based biotech company Freya Biosciences has secured a significant $38 million in Series A financing, led by Sofinnova Partners and OMX Ventures, alongside several other investors including The Export and Investment Fund of Denmark, Angelini Ventures, Mike Jafar Family Office, CE-Ventures, Corundum Systems Biology, and Indaco Venture Partners. The company focuses on advancing reproductive immunotherapies, […] Read more ›
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FineCell, a Stockholm-headquartered innovator in biobased materials, has announced the successful conclusion of its latest funding round, securing a substantial €1 million. The funding was spearheaded by Metsä Group‘s innovation arm, Metsä Spring, along with EIT InnoEnergy. FineCell specializes in transforming cellulose from Nordic forests into eco-friendly biobased materials such as dry cellulose powder and […] Read more ›
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Arbonics, a Tallinn-based naturetech firm dedicated to combating climate change through its innovative forest carbon removal platform, has recently announced securing a significant €5.5 million seed investment from NordicNinja, Plural, and Tilia Impact Ventures. Arbonics specializes in developing a cutting-edge forest carbon removal platform that utilizes advanced technology and data analytics to provide transparent, accurate, […] Read more ›
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Copenhagen-headquartered Heartcore Capital has unveiled a move in the realm of cryptocurrency investment by announcing the initial closing of their dedicated Web3 fund, Heartcore Capital Web3 I. The fund, tailored specifically for crypto-native protocols and their native tokens, is designed with a sharp focus on the application layer within the Web3 ecosystem. The initial closing […] Read more ›
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Tallinn-based Woola recently secured €2.5 million in funding from investors such as Metaplanet, Future Ventures, Lemonade Stand, and new angel investors. Specializing in sustainable packaging solutions, Woola utilizes sheep wool to replace plastic packaging in ecommerce and luxury markets. The funding infusion is earmarked for scaling operations, primarily bolstering the sales and marketing teams and […] Read more ›
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Finland’s VC firms Innovestor and Business Finland Venture Capital introduced Finland’s inaugural co-investment fund worth €30 million, aiming to boost early-stage investments in Finnish startups by partnering with groups of angel investors. This pioneering fund enables angel investors to collaborate with the fund, managed by Innovestor, facilitating quicker and larger investments ranging from €50,000 to […] Read more ›
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Aira, a Stockholm-based clean energy-tech company, recently secured €86M (SEK 1 billion) in equity funding from a consortium of climate and innovation-focused investors including Altor, Collaborative Fund, Creades, Kinnevik, and Lingotto. Specializing in transitioning Europe away from gas-based residential heating, Aira offers intelligent heat pumps that significantly reduce CO2 emissions and heating costs. This funding […] Read more ›
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Most popular sources
Business Insider
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28% 5 |
Gizmodo
|
24% 14 |
Tom's Hardware
|
15% 2 |
TechRadar
|
8% 6 |
Eurogamer.net
|
5% 1 |
| View sources » | |
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21.12.2025 23:21
Last update: 23:10 EDT.
News rating updated: 06:10.
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