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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Trondheim-based Ei Solutions has raised €1.2 million in funding to enhance its offerings aimed at helping commercial real estate owners navigate EU-taxonomy due diligence. This funding, which combines two investment rounds, customer revenue, and support from Innovation Norway, features contributions from investors including Bane Nor Eiendom, PWS Eiendom, venture groups like Styx and Spike Venture, […] Read more ›
0
Stockholm-based Stegra, previously H2 Green Steel, has been granted approximately €100 million from the Swedish Energy Agency’s Industrial Leap fund to support the development of a near zero-emission steel production facility in Boden. The funding is part of a broader €265 million measure, approved by the European Commission, aimed at advancing green steel production in […] Read more ›
0
Tallinn-based venture capital firm Superangel has added SEB Pension Funds as a key investor, increasing its second fund’s size to nearly €40 million. The additional capital will support investments in tech companies across Estonia, the Baltics, and the Nordics. Superangel focuses on early-stage technologies in sectors such as artificial intelligence, energy, and robotics. Its portfolio […] Read more ›
0
Finnish investment company Innovestor has made significant strides in Finnish healthcare innovation by investing in three promising university spinouts Polku Therapeutics, Kasvu Therapeutics, and Soihtu DTx through its Life Science Fund. These early-stage companies, all focused on neurological disorders such as Parkinson’s, Alzheimer’s, and depression, have collectively raised €10 million, attracting international interest. Innovestor’s €90 […] Read more ›
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ÄIO, a biotech startup founded in 2022, has secured €6.1 million in funding from Voima Ventures, 2C Ventures, SmartCap, and Nordic Foodtech VC. The investment will be used to build a demo plant in Estonia to produce sustainable oils and fats from wood and agricultural residues. The company’s unique process uses yeast fermentation to transform […] Read more ›
16
The 0-Mission, a Copenhagen-based renewable energy startup, has secured over €130,000 in pre-seed funding from a group of business angels, including those from Angella Invest. Founded in 2022 by Anna Riis Hedegaard, the company offers a subscription-based solar park model aimed at enabling small and medium-sized enterprises (SMEs) to balance their energy consumption with green […] Read more ›
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Stockholm-based energy tech company Flower has acquired the “Pajkölen” energy storage project from Arise, adding a Ready-to-Build 40MW / 80MWh battery site to its portfolio. This acquisition will increase Flower’s total battery storage capacity to 270 MW by 2025, supporting the growing demand for renewable energy solutions in Sweden. The Pajkölen project is positioned to […] Read more ›
0
Oulu-based Dobbelgänger has raised nearly €1 million through a funding round led by a syndicate of 16 angel investors from the FiBAN network, following their win at the Pitch Finland DefSec competition in June. The funding totals €240,000 and is aimed at ensuring operational continuity while providing resources for scaling, marketing, and sales efforts in […] Read more ›
0
Copenhagen-based EasyTranslate has announced its acquisition of the Danish translation agency World Translation, a strategic move aimed at enhancing its translation technology and service offerings. EasyTranslate, known for its AI-driven translation technology, aims to combine the strengths of automation with the cultural and contextual knowledge of human linguists. World Translation brings a strong reputation in […] Read more ›
0
SAVR, a Stockholm-based fintech focused on making long-term savings more affordable, has raised new funding from Incore Invest and other investors. This investment will be used to further develop SAVR’s platform, which offers access to equities, ETFs, and mutual funds at reduced fees. With over 100,000 users, SAVR is known for its approach to cutting […] Read more ›
0
Danish healthtech startup BrainCapture has secured investment from Verge HealthTech Fund to further its mission of revolutionizing neurological diagnostics through affordable and portable EEG devices. BrainCapture’s innovative solution combines AI, smartphone technology, and automation to make electroencephalography (EEG) diagnostics accessible in underserved regions. With trials in Africa and Asia showing promising results, the new funding […] Read more ›
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Espoo, Finland (September 18-19, 2024) In collaboration with Aalto University and City of Espoo, ArcticStartup Events launched Nordic Deep Tech Business Summit (NORDEEP) to connect the research teams and deep tech startups to funding, talent, expertise and clients. The third NORDEEP Summit will bring together over 700+ scientists, entrepreneurs, investors and corporate representatives on September […] Read more ›
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Helsinki-based One Click LCA has acquired ENVI-met, a company specializing in microclimate simulation software for urban environments. ENVI-met’s technology allows urban planners and architects to model how buildings, vegetation, and materials interact with natural elements like wind and sunlight, helping to address challenges like urban heat islands. This acquisition strengthens One Click LCA’s ability to […] Read more ›
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Paernu-based cybersecurity startup Patchstack has raised $5M in a Series A funding round led by Karma Ventures, with additional investment from G+D Ventures and Emilia Capital. Patchstack focuses on open-source security, providing tools for developers to quickly identify and mitigate vulnerabilities without altering application code. The funding will be used to further product development, expand […] Read more ›
0
QMill, a quantum computing company from Espoo, Finland, has raised €4 million in seed funding, with Maki.vc, Antler, and Kvanted leading the round, along with a €1 million grant from Business Finland. The company aims to develop quantum algorithms that address current industrial challenges in sectors such as finance, energy, and logistics. The funding will […] Read more ›
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MISHKAY Biotech, a Lithuanian startup specializing in medicinal and edible mushrooms, has secured a significant increase in funding from Tesonet, which has now tripled its initial investment. This additional capital will support the completion of the company’s R&D laboratory and enhance production capabilities for their mushroom-based products. MISHKAY Biotech aims to address the issue of […] Read more ›
3
Lithuanian aerospace startup Airvolve has raised €825,000 in early-stage funding from Coinvest Capital, Baltic Sandbox Ventures, and several business angels. With €510,000 coming from Coinvest Capital, the funds will be used to develop a tactical transport aircraft designed for defense and commercial missions, including autonomous cargo delivery and casualty evacuation. The aircraft features a horizontal-axis […] Read more ›
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Espoo-based Gosta Labs has raised €1.2 million in pre-seed funding from Cor Group and several health sector angel investors, including Jaakko Ollila. The startup specializes in developing an AI-driven assistant for healthcare that listens during medical appointments and generates draft clinical notes. By reducing the time healthcare professionals spend on documentation, the solution aims to […] Read more ›
2
Vind AI, a startup specializing in AI-driven wind park design, has raised €3 million in a seed round led by Norrsken VC, with participation from Spacemaker founders and Arkwright X. Founded in 2022, Vind AI provides a platform for early-stage wind project design, helping developers model different configurations and optimize energy output before construction. The […] Read more ›
0
Wingbits, a Stockholm-based startup, has raised €3.1 million in a seed round led by US investors Borderless Capital and Tribe Capital, with support from Antler and several angel investors. The company operates a flight tracking network that compensates individuals who provide data through antennas, using a blockchain-based system to measure and reward performance. The funding […] Read more ›
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Business Insider
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20% 12 |
The Verge
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9% 3 |
Tech Wire Asia
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8% 1 |
Tom's Hardware
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8% 5 |
Gizmodo
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8% 3 |
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27.11.2024 07:26
Last update: 07:21 EDT.
News rating updated: 14:22.
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