Tallinn-based Fairown has secured €5.7 million in a seed extension round. The funding, led by BONVENTURE and supported by neosfer, STIHL Ventures, and Gateway Ventures, will be used to expand Fairown’s operations in Germany. The company, which operates in nine European countries, plans to enhance its product offerings and scale its service in the German […] Read more ›
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ŌURA, known for its smart health-tracking Oura Ring, has acquired Veri, a Finnish company focused on metabolic health through continuous glucose monitoring (CGM). Veri’s team, including its founders, will join ŌURA to enhance its expertise in metabolic health, a growing area of interest among Oura Ring users. The acquisition aims to expand ŌURA’s capabilities beyond […] Read more ›
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deverium has raised €2 million in EU funding to develop a distributed digital identity platform aimed at solving cross-border identification challenges. In collaboration with Corner Case Technologies, the company plans to create a solution that addresses inefficiencies in current identity verification systems, which contribute to significant onboarding costs for businesses globally. The platform will be […] Read more ›
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Lithuanian startup Alfa Space has raised €315K in a pre-seed round, with support from business angels committed to advancing education through technology. The company’s AI-powered platform is designed to improve mathematics learning for students in grades 5-12 by offering a personalized and interactive experience. Co-founders Paulius Serva, Emilija Platūkytė, Tomas Sipko, and Vilius Jastremskas developed […] Read more ›
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Birdsview, a Norway-based startup, has secured €711K (NOK 8.5 million) in funding from Enova to propel its innovative pilot project aimed at advancing concrete sustainability. Birdsview’s technology, initially developed for scanning wood, will now focus on analyzing concrete structures, providing a more accurate and cost-effective method to assess and extend the lifespan of buildings. By […] Read more ›
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Starhive, the Stockholm-based no-code app builder, has secured $3 million in seed funding to fuel its international expansion and further enhance its platform. The round was led by node.vc, with partners Andy Johnston and Henrik Tellving joining Starhive’s board. Founded in 2022 by Tommy Nordahl and Mathias Edblom, Starhive enables businesses to create bespoke applications […] Read more ›
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Baseload Capital, a Swedish geothermal energy company, has raised €53 million in a Series B funding round led by ENGF, with notable contributions from Ingka Investments, Baker Hughes, Nefco, Breakthrough Energy Ventures, and Gullspång Invest. The funds will be directed towards scaling up geothermal projects and advancing the commercialization of existing initiatives. Geothermal energy, a […] Read more ›
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Palm, the fintech startup from Sweden and the Netherlands, has raised €5.5 million in seed funding to advance its innovative cash management platform. The round was led by Speedinvest and Target Global, with additional support from Upfin, Liquid2, and Greens, alongside prominent angel investors like Job van der Voort and Philippe Teixeira da Mota. Palm’s […] Read more ›
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Zefort, a Helsinki-based company specializing in AI-powered contract management, has raised €1 million from investors Asko Schrey and Timo Larjomaa. Schrey, the founder of Accountor, and Larjomaa, a venture capitalist, have taken a 40% minority stake in the company. Zefort’s software helps businesses across various sectors manage contracts through a cloud-based platform, with clients including […] Read more ›
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Solar Foods, a Finnish company focused on sustainable protein production, has officially begun trading on Nasdaq First North Growth Market Finland under the ticker SFOODS. Known for its Solein® protein, produced independently of traditional agriculture, the company previously made history as the first Finnish firm to receive the Nasdaq Green Equity Designation in April 2024. […] Read more ›
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Tiptapp, a Stockholm-based startup founded in 2016, has secured a €1 million non-dilutive loan from Gilion to support its growth strategy in Berlin. The company, which connects users for moving, recycling, and delivery tasks, plans to use the funds to boost its marketing efforts in this key market. Tiptapp, which has already expanded to several […] Read more ›
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REDUCED, a Copenhagen-based company specializing in upcycled food ingredients, has successfully completed a second closing of its series A funding round, bringing the total raised to €8 million. This latest round was significantly boosted by an investment from the European Circular Bioeconomy Fund (ECBF). Established in 2020 by William Anton Lauf Olsen and Emil Munck […] Read more ›
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Mapon, a leading fleet management solutions provider in Northern Europe, has appointed Davis Siksnans as CEO, following his active role on the company’s board. Siksnans, known for his leadership at Printful and Draugiem Capital, succeeds co-CEOs Ingus Rukis and Andris Dzudzilo, who will now focus on technology and sales roles within the firm. Under Siksnans’ […] Read more ›
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Wisnio, an Estonian HR tech company specializing in generative AI for talent development, has been acquired by Assessio. With a strong foothold in private equity and executive search, Wisnio’s platform integrates AI-driven tools with a user-centric design to support hiring and team-building processes. The acquisition will enable Wisnio to expand its reach, particularly in international […] Read more ›
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The Baltic Startup Funding Report by FIRSTPICK and Change Ventures provides an in-depth analysis of startup funding trends across Estonia, Latvia, and Lithuania in H1 2024. The report highlights a continued decline in both the number of funding rounds and total capital deployed, following global market recalibrations post-2021. Pre-seed funding saw a shift toward concentrating […] Read more ›
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Helsinborg-based startup Foodtel has recently secured significant investment from FoodBridge, part of Novax. The company’s platform, which launched in spring 2023, is designed to address food waste in the cold chain by providing tools to evaluate the remaining shelf life of food after temperature deviations. This approach has already prevented over 225 tons of food […] Read more ›
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Linn-Cecilie Linnemann joins LUMO Labs as a Senior Partner to lead the fund’s operations in the Nordics and the Baltics, drawing on over 20 years of experience in business strategy, investment, and climate-driven initiatives. She views the region as ripe with potential, given its strong tech expertise, deep tech environments, and industrial capabilities, particularly in […] Read more ›
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Root Signals, a Helsinki and Palo Alto-based startup, has secured $2.8 million in funding to drive the adoption of generative AI (GenAI) in enterprise settings. The funding round was led by Angular Ventures, with support from Business Finland. Root Signals specializes in LLM-as-a-judge techniques, providing an AI control platform that enables businesses to measure, control, […] Read more ›
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Behavix Inc., a Helsinki and New York-based startup co-founded by industry veterans Hannu Verkasalo and Surath Chatterji, has announced the successful closure of its pre-seed funding round. The company raised an undisclosed amount from senior executives at Nielsen, Rovio, and Unity, marking a significant milestone in its mission to transform the market research industry. Behavix […] Read more ›
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Treble Technologies, a Reykjavik-based company specializing in sound simulation and synthetic audio data generation, has raised €11 million in its Series A funding round. The round was led by KOMPAS VC, with participation from Frumtak Ventures, the European Investment Bank, Omega Venture Partners, and strategic partners St. Gobain and L-Acoustics. Treble plans to use the […] Read more ›
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Business Insider
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21% 12 |
Wired
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10% 6 |
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 05:32
Last update: 05:25 EDT.
News rating updated: 12:23.
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