ŌURA, the company behind the Oura Ring wearable, has raised more than $900 million in funding led by Fidelity Management & Research Company, with participation from ICONIQ, Whale Rock, and Atreides Management. The round values the company at roughly $11 billion. Founded in Finland and now headquartered in San Francisco, ŌURA develops data-driven wearable devices […] Read more ›
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Liquid Wind, a Gothenburg-based eFuel developer, has been awarded €3.6 million from Industriklivet, the Swedish Energy Agency’s program for industrial decarbonization, to support the pre-engineering phase of its planned eMethanol plant in Örnsköldsvik. The facility will be integrated with Övik Energi’s biofuel-powered combined heat and power (CHP) plant, using renewable electricity to produce hydrogen and […] Read more ›
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Helios Innovations AB, a Swedish cleantech company, has raised €1.28 million (SEK 14.2 million) from venture investor BackingMinds to expand its industrial wastewater and PFAS treatment operations. The company, founded by Jonatan Persson and Johanna Gillberg, has reported a 170% revenue increase over the past year and currently treats highly contaminated wastewater for Nordic pharmaceutical […] Read more ›
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Stockholm-based quantum technology company FirstQFM AB has raised €1.2 million in pre-seed funding led by BSV Ventures, with participation from Almi Invest, Further Than Capital, and Luminar Ventures. The company develops AI foundation models that aim to improve the reliability and scalability of quantum computers. The new capital will be used to continue work on […] Read more ›
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Lithuanian regenerative agriculture firm InSoil has signed a four-year agreement with Anew Climate, a U.S.-based environmental markets company, to market more than 500,000 independently verified soil carbon removals from InSoil’s Carbon Farming Program. Developed under Verra’s VCS VM0042 standard and verified by SCS Global, the project has achieved an average sequestration rate of 2.27 tCO₂e […] Read more ›
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Norwegian maritime battery supplier Corvus Energy has raised $60 million in growth funding led by Morgan Stanley Investment Management, with participation from Just Climate and J. Lauritzen. Founded in 2009, the company develops and manufactures energy storage systems (ESS) for hybrid and fully electric vessels and currently supplies around half of the world’s zero-emission ships. […] Read more ›
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Oslo-based aquaculture technology company Sensor Globe has closed a pre-seed funding round co-led by Invest Nova Scotia and Tall Grass Ventures, with participation from Hatch Blue and other strategic investors. Founded in 2023, Sensor Globe develops monitoring tools that provide fish farmers with real-time data on environmental and welfare conditions during high-stress operations such as […] Read more ›
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Lithuanian cybersecurity startup CBRX has secured €540,000 in a pre-seed funding round from Coinvest Capital and other partners, including Scalewolf, Plug and Play Tech Center, and Firstpick. The company provides a cloud platform that enables IT service providers (MSPs) to transition into managed security service providers (MSSPs) by automating threat monitoring, incident management, and customer […] Read more ›
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Stockholm-based packaging technology company Meadow has partnered with Polish co-packer FILLSY to open a new manufacturing facility in Żyrardów, Poland, dedicated to producing the recyclable aluminium pre-fill system, MEADOW KAPSUL™. The partnership marks Meadow’s first large-scale production site in Europe, designed to increase regional capacity for circular packaging as EU regulations on packaging waste tighten. […] Read more ›
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FORWARD.one has launched a €200 million Fund III to back early-stage industrial tech startups across Europe, with a strong focus on the Nordics. The fund targets breakthroughs in climate tech, robotics, automation, semiconductors, and quantum technologies, areas where the region’s technical universities provide a strong talent pipeline. FORWARD.one has already made its first Fund III […] Read more ›
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Copenhagen-based venture capital firm 55 North has announced the first close of its €300 million quantum technology fund, raising €134 million from anchor investors Novo Holdings and EIFO. The fund, described as the largest dedicated quantum VC to date, will invest across the quantum ecosystem — including computing, sensing, and communication technologies — at various […] Read more ›
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Katana, the Tallinn-based cloud-native inventory management platform for SMBs, has raised a €14 million extension to its Series B round, led by Cogito Capital Partners and joined by Benchmark’s Peter Fenton. The company, trusted by over 1,500 businesses across 70 countries, has tripled revenue since its 2022 Series B and will use the new funding […] Read more ›
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Luna Robotics, a Kaunas-based defense technology company, has raised €1.08 million from Coinvest Capital, Plug & Play EMEA Ventures GmbH, and several international angel investors. The company develops tactical FPV drone cameras used in military operations and plans to allocate the new funds to expand production and strengthen distribution networks in European and U.S. markets. […] Read more ›
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Stockholm-based freight technology company Einride has raised $100 million from a mix of existing and new investors, including EQT Ventures and a US-based global asset management firm. The funding is intended to support the company’s expansion of autonomous and electric freight operations, technology development, and deployment of its Saga planning platform. Founded in 2016, Einride […] Read more ›
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Icelandic energy technology company SnerpaPower has signed a long-term agreement with Norðurál, one of Europe’s largest aluminum producers, to provide advanced energy management and flexibility services. Under the partnership, SnerpaPower’s software will help optimize Norðurál’s power use and automate scheduling in line with contractual and grid requirements. The deal makes Norðurál SnerpaPower’s largest customer to […] Read more ›
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Blykalla, evroc, and Studsvik have signed a memorandum of understanding to examine the feasibility of developing Sweden’s first nuclear-powered data centers at Studsvik’s licensed nuclear site in Nyköping. Blykalla develops lead-cooled small modular reactors (SMRs) aimed at providing stable, low-carbon energy; evroc is building large-scale cloud and AI infrastructure across Europe; and Studsvik operates a […] Read more ›
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Holberg EEG, a Bergen-based spin-off from Haukeland University Hospital, has been fully acquired by Natus Medical, a U.S.-headquartered neurodiagnostics company. Founded in 2009, Holberg developed autoSCORE, the first AI model designed for automatic and comprehensive EEG interpretation, which received FDA clearance and a CE mark in 2024. With Natus already holding a majority stake, this […] Read more ›
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Spotify is set for a major leadership transition as Founder Daniel Ek moves into the role of Executive Chairman, with longtime executives Gustav Söderström and Alex Norström stepping up as co-CEOs beginning January 2026. Söderström, Spotify’s co-President and Chief Product and Technology Officer, and Norström, co-President and Chief Business Officer, each bring more than 15 […] Read more ›
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Modal, the AI-native infrastructure startup, has closed an $87 million Series B round led by Lux Capital, with participation from existing investors, bringing its total funding to $111 million and post-money valuation to $1.1 billion. The company provides a global, code-first compute platform designed specifically for AI workloads, offering instant access to pooled GPUs and […] Read more ›
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Stockholm-based Blykalla has formed a partnership with U.S. developer Oklo to advance their work on small modular fast reactors. The agreement covers joint research, component sourcing, and regulatory coordination, while also bringing a $5 million investment from Oklo into Blykalla’s current funding round. For Blykalla, the collaboration is intended to lower costs, improve access to […] Read more ›
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06.03.2026 06:40
Last update: 06:36 EDT.
News rating updated: 13:33.
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