ArcticStartup Media

ArcticStartup Media We report on digital startups and growth entrepreneurship from the Nordic and Baltic countries. Own also European startup print magazine called CoFounder.

ArcticStartup is the leading online media reporting on startups and promoting growth entrepreneurship in Northern Europe. Also known for event brands such as Arctic15, Santas Christmas Pitch, Megamatch and Nordic Deep Tech Business Summit. A community for anyone who is interested in the Nordic and Baltic startup scene. ArcticStartup helps the startup ecosystem with matchmaking, connecting, scoutin

g, consulting, sharing information, organizing events, organizing trips to other events, building bridges between large corporations and startups, and also offering internship and job positions in the Nordics and Baltics. ArcticStartup was founded in 2007 and is currently led by Jan Ameri and Vedat Öndas. Headquartered in Helsinki, Finland. ArcticStartup covers Finland, Sweden, Norway, Denmark, Iceland, Estonia, Latvia, and Lithuania. Sign up for the weekly newsletter at www.arcticstartup.com
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Iceland’s Axelyf raises $2.6M seed round to develop RNA delivery technologies Axelyf has raised $2.6 million in seed fun...
29/08/2025

Iceland’s Axelyf raises $2.6M seed round to develop RNA delivery technologies

Axelyf has raised $2.6 million in seed funding, with the round expected to reach $4.1 million later this year. The financing was led by Iceland’s Brunnur Ventures, with participation from Omega ehf and Silfurberg ehf. Axelyf develops lipid nanoparticle (LNP) delivery systems for RNA-based therapeutics and is working on a technology platform designed to improve potency and reduce safety risks compared to existing approaches. The company plans to use the funding to advance its lead candidate for an autoimmune condition and to expand development of its AI-supported lipid optimization model.

https://arcticstartup.com/axelyf-raises-2-6-million-seed/

New funding round backs Danish Acembee’s efforts to digitise construction emissions tracking Copenhagen-based ConTech st...
29/08/2025

New funding round backs Danish Acembee’s efforts to digitise construction emissions tracking

Copenhagen-based ConTech startup Acembee has secured €1.2 million in funding to expand its platform for energy monitoring and compliance in the construction sector. The round was led by node.vc, with participation from Kiilto Ventures and several angel investors. Founded in 2022, Acembee develops AI tools that collect and analyse on-site energy data to support contractors in meeting new regulatory requirements, such as Denmark’s cap on construction emissions. The new capital will be directed toward further product development, scaling customer adoption, and preparing for expansion into European markets.

https://arcticstartup.com/acembee-raises-e1-2-million/



📷Viltor Hugo Silva Mendes

Sweden’s BoardClic raises €1.7 million to expand AI-driven board analysis platform Stockholm-based BoardClic, which prov...
28/08/2025

Sweden’s BoardClic raises €1.7 million to expand AI-driven board analysis platform

Stockholm-based BoardClic, which provides a platform for analysing board performance, has raised around €1.7 million in a new share issue. The round is led by Tom Nyman Holding AB and backed by Hartung Capital and Subvenio Invest. The funding will support the company’s continued product development, including AI-driven features, and its international expansion. BoardClic serves private equity firms, advisers, and corporate boards across more than 50 countries, with clients including EQT, Triton, Aston Martin, and Tele2. The company expects to reach SEK 30 million (€2.6 million) in revenue and ARR in 2025 and aims to become profitable in the first half of 2026.

https://arcticstartup.com/boardclic-raises-e1-7m/



📷KNUT CAPRA PEDERSEN

New Swedish AI lab targets programming and medical use cases with €1.5M seed round Stockholm-based AI startup Farang has...
28/08/2025

New Swedish AI lab targets programming and medical use cases with €1.5M seed round

Stockholm-based AI startup Farang has raised €1.5 million in seed funding to advance a new AI architecture that departs from the Transformer models dominating the field. The round was led by Voima Ventures and the Amadeus APEX Technology Fund (Amadeus Capital Partners and APEX Ventures), with support from angel investors including Tero Ojanperä (Silo AI co-founder), Nilay Oza, and Niraj Aswani (former Klevu founders). Farang is developing a brain-inspired model that generates responses by first forming the complete concept before translating it into words. With the fresh capital, Farang plans to expand its proof-of-concept models, scale compute resources, and target specialized use cases in programming, healthcare, and enterprise AI tools where privacy and domain expertise are critical.

https://arcticstartup.com/farang-raises-e1-5-million-seed/

Lithuanian AMLYZE expands Baltic footprint with Perlas Finance compliance partnership Vilnius-based RegTech company AMLY...
28/08/2025

Lithuanian AMLYZE expands Baltic footprint with Perlas Finance compliance partnership

Vilnius-based RegTech company AMLYZE has signed a partnership with Perlas Finance, one of Lithuania’s largest payment service providers, to provide its compliance technology across Perlas’s extensive retail payment network. Perlas, which operates more than 2,500 physical payment terminals alongside its digital services, will use AMLYZE’s transaction monitoring, risk assessment, and sanctions screening tools to manage regulatory obligations and financial crime risks. For AMLYZE, the partnership marks another step in expanding its footprint among mainstream financial services providers in the Baltics, as regulators and customers increasingly demand stronger safeguards against money laundering and fraud.

https://arcticstartup.com/amlyze-partners-with-perlas-finance/

Behavix and ShareParty Insight join forces to build Asia’s largest behavioral data network Behavix, a Helsinki- and New ...
27/08/2025

Behavix and ShareParty Insight join forces to build Asia’s largest behavioral data network

Behavix, a Helsinki- and New York–based provider of opt-in behavioral data, has entered a strategic partnership with Taiwan-headquartered ShareParty Insight, one of Asia’s leading online panel networks. The collaboration will see Behavix’s lightweight SDK integrated into Shareparty’s regional panels, enabling large-scale tracking of digital behavior across apps, websites, e-commerce, and advertising platforms in markets from India to Indonesia. By merging Behavix’s global reach and privacy-first data infrastructure with Shareparty’s deep local expertise, the two companies aim to build Asia’s most comprehensive behavioral data ecosystem—offering clients richer insights into how Asian consumers shop, browse, and interact online.

https://arcticstartup.com/behavix-and-shareparty-insights-join-forces/

Denmark’s CleanManager joins zvoove as German company broadens European cleaning software offerings Odense-based SaaS co...
27/08/2025

Denmark’s CleanManager joins zvoove as German company broadens European cleaning software offerings

Odense-based SaaS company CleanManager, which provides scheduling, time tracking, and operational tools for cleaning service providers, has been acquired by German software and AI group zvoove. The move brings CleanManager into a broader European network, including markets in Germany, the UK, and now Scandinavia. CleanManager’s platform, used by over 425 customers and 15,000 users, will continue to focus on core workflows such as scheduling, time tracking, documentation, and quality control, while now benefiting from additional resources to support development and expansion. The acquisition is expected to help CleanManager accelerate its roadmap and extend its presence in new markets without altering its operational focus.

https://arcticstartup.com/cleanmanager-acquired-by-zvoove/

Finnish ICEYE raises €9.38M from BGK’s Vinci to expand Polish space operations ICEYE, a satellite company specializing i...
27/08/2025

Finnish ICEYE raises €9.38M from BGK’s Vinci to expand Polish space operations

ICEYE, a satellite company specializing in synthetic aperture radar (SAR) technology, has raised €9.38 million from Vinci S.A., the venture arm of Poland’s National Development Bank (BGK). ICEYE operates a constellation of synthetic aperture radar (SAR) satellites that provide near real-time Earth observation data, used in areas ranging from defense and intelligence to disaster monitoring and insurance. According to ICEYE, the new funding will support the expansion of its Polish operations, which include a satellite operations centre, research and development facilities, and production capacity to meet growing international demand.

https://arcticstartup.com/iceye-raises-e9-38-million/

Finland’s Wolt teams up with EU-backed food innovation network and food banks to address systemic challenges Helsinki-ba...
26/08/2025

Finland’s Wolt teams up with EU-backed food innovation network and food banks to address systemic challenges

Helsinki-based technology company Wolt has announced partnerships with EIT Food and the European Federation of Food Banks (FEBA) aimed at improving sustainability and food security across its European operations. Wolt operates a platform connecting consumers with restaurants, grocery stores, and other local sellers, facilitating ordering and delivery services in more than 30 countries. The company’s collaboration with EIT Food and FEBA reflects a broader effort to address systemic challenges in the food sector, including waste reduction, sustainable packaging, and equitable access to food.

https://arcticstartup.com/wolt-partners-with-eit-food-and-feba/

Danish Propane raises $1.2M pre-seed to advance AI-powered customer intelligence platform Copenhagen-based Propane has s...
26/08/2025

Danish Propane raises $1.2M pre-seed to advance AI-powered customer intelligence platform

Copenhagen-based Propane has secured $1.2 million in pre-seed funding to advance its customer intelligence platform. The round was led by HEARTFELT_ (Ying-Ying Huang and Joerg Rheinboldt), EIFO (Mathias Kaasgaard), and a group of angels including Anton Osika (Lovable), Founders (Simon Sylvest, Sebastian Stockmarr, Ulrik Trolle & Stefano Zorzi) Asbjoern Malte Soendergaard, Morten E. Wulff, Jack Piunti (ElevenLabs), Magnus Midholt, Jens Karstoft, Benjamin Rej Notlev, and Ryan Fagan & Manon Ligato (Collektiv Club). Propane is developing an AI-based operating system designed to collect, analyze, and act on customer insights across company workflows. The new funding will be used to expand the team and continue developing the platform.

https://arcticstartup.com/propane-raises-1-2-million-pre-seed/

Copenhagen startup Interhuman AI secures €2M pre-seed to improve human-AI interaction Interhuman AI has raised €2 millio...
26/08/2025

Copenhagen startup Interhuman AI secures €2M pre-seed to improve human-AI interaction

Interhuman AI has raised €2 million in a pre-seed round led by PSV Tech, with participation from EIFO, Antler, The Yope Foundation, and angel investors linked to Ada Ventures. The Copenhagen-based startup is developing a “social intelligence layer” for artificial intelligence, aiming to enable systems to detect and respond to non-verbal cues such as tone of voice, facial expressions, and pauses. The funding will be used to expand the team and advance the company’s models and API, with initial applications targeted at training, healthcare, and customer interaction.

https://arcticstartup.com/interhuman-ai-raises-e2-million-pre-seed/

Estonian fintech Creem raises €1.8M pre-seed to build financial infrastructure for AI startups Creem, a fintech startup ...
26/08/2025

Estonian fintech Creem raises €1.8M pre-seed to build financial infrastructure for AI startups

Creem, a fintech startup based in Tallinn, has secured €1.8 million in pre-seed funding led by Practica Capital, with Antler and several angel investors also participating. Creem develops financial software aimed at AI-focused startups, providing tools for payments, taxes, compliance, and revenue sharing. The new funding will go toward expanding its payment coverage in additional markets, enhancing compliance systems, and building out developer-facing financial infrastructure.

https://arcticstartup.com/creem-raises-e1-8-million-pre-seed/



📷Jakob Voges

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