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Nurcin Metingil @ ArcticStartup 1 place · 09/02/2022 05:16 EDT

Danish fintech receives €250 million in debt funding

Copenhagen-based embedded finance startup Moneyflow has secured €250 million (DKK 1.8 billion) in asset-backed debt funding from Belgian Aion Bank. Moneyflow enables an underserved SME market to grow by offering them funding inside their existing workflow platform. The startup expects to boost growth sharply. Moneyflow enables companies, primarily SMEs, to sell their invoices and revenue […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 09/01/2022 02:42 EDT

Danish methanol fuel cell tech received an investment from the Bill Gates-founded VC firm

Blue World Technologies, an Aalborg-based methanol fuel cell technology company, secured an investment from the Bill Gates-founded Breakthrough Energy Ventures (BEV) alongside Vaekstfonden (The Sovereign Investment Fund of Denmark), DEUTZ AG, and existing investors who invested back in December 2021 to complete the company’s €37 million series B round. In connection with the investment from […] Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 2 place · 08/31/2022 04:08 EDT

Finnish deep tech fund Voima Ventures is making its first investment in Sweden

Based in Helsinki to help founders accelerate the growth of deep technology ventures to global markets, Voima Ventures joins the €1.3M (14 million SEK) seed investment round of Cellfion, a Swedish cleantech startup paving the way towards a sustainable energy transition through the commercialization of bio-based membranes. The round also saw participation from Almi Invest […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 08/31/2022 02:20 EDT

Danish health tech startup raises $5M to reduce the risk of gut infections in humans and animals

Denmark-based gut microbiome health startup Bactolife raised $5 million in funding from the Bill & Melinda Gates Foundation in alignment with the foundation’s charitable mission, The investment will allow the startup to develop Binding Proteins™ as a novel biologic solution to reduce the risk of gut health infections in humans and animals. Bactolife develops breakthrough […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 3 place · 08/30/2022 08:51 EDT

Finland’s game-developing studio is acquired by Sony Interactive Entertainment

Savage Game Studios, based in Finland and Germany, is being acquired by Sony Interactive Entertainment. The startup makes action games with epic stories to foster lasting connections with players around the world and now is working on an unannounced new AAA mobile live service action game. With this acquisition, Savage will be a new member […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 08/30/2022 07:58 EDT

Lithuanian all-digital customer loyalty platform raised €550K in a follow-up investment round

Vilnius-based startup Boomio has secured a €550K in a follow-up investment round led by Lighthouse Ventures and a syndicate of four European angel investors. Boomio’s platform allows businesses to create and manage their own rewards & loyalty system for a small subscription fee. The funding will allow them to improve their product and expand to […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 3 place · 08/29/2022 11:24 EDT

Danish AI-driven cybersecurity platform secures €2.5M seed

Copenhagen-based startup Muninn has raised €2.5 million in a seed round led by Swedish VC firm Luminar Ventures. The startup’s previous investor PreSeed Ventures also participated in the round. Muninn’s AI technologies enable companies to protect their critical digital assets and infrastructures from cyber-criminals. The funds will be used to grow both the product and […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 08/29/2022 07:17 EDT

Latvian B2B SaaS platform secured $630K in a seed funding round

Zeew, a Riga-based startup founded as a B2B on-demand delivery platform for small businesses, has raised $630K in a seed funding round from Plug and Play Ventures, Poland Prize, and angel investors. Zeew enables restaurants, pharmaceuticals, and other businesses to build their fully automated all-in-one online ordering platform with variety of features including category and […] Read more ›

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ArcticStartup
Jan Ameri @ ArcticStartup 2 place · 08/28/2022 07:52 EDT

sTARTUp Pitching 2022 winners

The three-day community-organized festival sTARTUp Day 2022 has come to an end last week and finally, we can know about the winners of sTARTUp Pitching 2022 which was a record year for them since they received 380 applications from 47 countries. It’s organized by the city of Tartu, the University of Tartu, Tartu Science Park, […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 08/26/2022 10:35 EDT

Nordic Foodtech VC invests in Finnish agritech startup

Nordic Foodtech VC, investing in deep food tech across Nordics and Baltics, welcomes Tracegrow Oy as one of its portfolio companies. Tracegrow’s globally scalable technology converts industrial side streams and recycled batteries into valuable circular economy products with a low carbon footprint. With this investment from the Helsinki-born venture capital firm, the Finnish startup will […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 08/26/2022 09:08 EDT

Norwegian biopharmaceutical startup drawing escape routes for uncurable cancers gets support from Takeda Ventures

Oslo-centered startup Zelluna Immunotherapy has received investment from Takeda Ventures, the strategic investing arm of Takeda which is a manufacturer, marketer, and distributor of pharmaceutical products. The startup develops a portfolio of tumour-specific TCRs to guide NK cells with the aim to induce cancer responses that are safe, efficient, and durable. Thanks to the investment, […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 08/25/2022 03:32 EDT

Danish consumer neuroscience startup Neurons Inc pulls one of the largest global seed rounds

Located in Copenhagen, Neurons Inc has raised over €6 million in a seed round joined by Fairpoint Capital, Vækstfonden, and Finance Zealand. This is one of the largest seed round deals on a global base. The startup applies neuroscience tools and insights to help businesses better understand unconscious and conscious responses. Since 2013, it has […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 08/24/2022 09:57 EDT

Finnish venture capital firm led the €4M investment in Dutch startup

Helsinki-headquartered VC firm Helen Ventures co-led the Dutch startup Solar Monkey‘s round with Eneco Ventures, who joined the journey to empower their sustainability mission together with the current investors, including 4impact capital and InnovationQuarter. Founded in 2015 by Jan Pieter Versluijs (CEO), Tino de Bruijn (CTO) and Mels van Hoolwerff (former CFO), Solar Monkey develops […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 08/24/2022 09:20 EDT

Finnish food delivery services raised €3.5 million in growth funding

Helsinki-based startup Ruokaboksi Oy has collected €3.5 million in growth funding. The round saw participation from Tesi (Finnish Industry Investment Ltd) and Nordic FoodTech VC. The startup offers its customers a platform where they can choose a recipe and order the necessary ingredients at home. This platform is able to improve the shopping experience of […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 08/24/2022 08:17 EDT

Stockholm-based venture capital firm Gullspång Re:food joins the $7 million Series A round of Canadian biotechnology startup Bioindustries Inc making compostable plastics from waste materials. The round was led by Khosla Ventures and BDC Capital’s Cleantech Practice with the participation of returning investors such as AME Cloud Ventures, IT Farm, and Heinz Group along with the […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 08/24/2022 06:33 EDT

Finland’s Maki.vc appoints Pauliina Martikainen as Partner

Helsinki-based seed-stage venture capital firm Maki.vc has appointed Pauliina Martikainen as their new Partner. Maki.vc was founded in 2018 and almost a year later, they welcomed Pauliina to the firm. Since then she has been keeping her eyes on deep tech companies that range from pre-seed to IPO as well as searching for new startups […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup · 08/23/2022 10:02 EDT

Swedish online P2P rental platform acquires its British rival

Stockholm-born rental marketplace Hygglo takes a step to be the largest peer-to-peer rental platform in the world and makes a $41.5M offer to acquire London-based competitor Fat Llama. Founded by Chaz Englander and Rosie Dallas, the UK-based company signed the papers and continues to operate under the same name. Swedish startup will have a seat […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 08/23/2022 08:28 EDT

Estonian metaverse avatar platform closed $56M Series B

Tallinn-based startup Ready Player Me has raised $56M in a Series B funding round co-led by Jon Lai from a16z GAMES FUND ONE and Chris Dixon from a16z crypto. The round attracts many other investors including Plural, David Baszucki, co-founder of Roblox, Justin Kan, co-founder of Twitch and Fractal, Robin Chan, co-founder of Fractal, Henry […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 08/22/2022 11:24 EDT

Lithuanian open data platform raises €650K to expand across Europe

Vilnius-based startup Okredo collects €650K in a follow-up investment round which takes its total funding up to €1.65M. The round was led by the Lithuanian Business Angels Fund, Presto Ventures, and Lighthouse Ventures. The startup’s platform analyzes the data obtained from official sources in real-time and helps its users unveil full potential and risks in […] Read more ›

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ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 08/22/2022 08:48 EDT

VEIL.AI receives convertible loan of €1.3M

Finish healthtech startup receives capital to bring the quality of anonymized health data to a new level with next-generation anonymization technology Helsinki-based , a spin out from FIMM (Institute for Molecular Medicine Finland) receives debt financing from BioInnovation Institute (BII), an international commercial foundation with a nonprofit objective supported by the Novo Nordisk Foundation. BII […] Read more ›

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