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
For advertising inquiries, email us at [email protected]

SmiLe Inject Capital empowers next-gen life science startups in Sweden with strategic investments Lund-based SmiLe Injec...
30/08/2024

SmiLe Inject Capital empowers next-gen life science startups in Sweden with strategic investments

Lund-based SmiLe Inject Capital has recently invested 9 million SEK (approximately 0.8 million euros) in three pioneering life science startups: Uman Sense, Nygen Analytics, and Aligned Bio. Uman Sense, a spin-off from Lund University, is developing Stroke Alarm, a wristband that monitors patients at high risk for stroke, with 3 million SEK allocated to support its EU market launch. Nygen Analytics, specializing in cloud-based genomics data analytics, received 2 million SEK to enhance its technical capabilities and market positioning. Aligned Bio, focusing on nanowire-based biosensor technology for disease diagnostics and genome sequencing, secured 4 million SEK to scale production. SmiLe Inject Capital’s investments are aimed at propelling these companies toward rapid commercial success, with all three startups nearing significant milestones in their respective fields.

https://arcticstartup.com/smile-inject-capital-invests-in-uman-sense-nygen-analytics-aligned-bio/

Baltic renewable energy leader raises €300M in debt financing to strengthen regional energy independence Sunly, a Tallin...
30/08/2024

Baltic renewable energy leader raises €300M in debt financing to strengthen regional energy independence

Sunly, a Tallinn-based renewable energy producer, has secured €300 million in debt financing to accelerate its renewable energy projects across the Baltics and Poland. The funding was led by Rivage Investment through its high-yield infrastructure debt funds, Copenhagen Infrastructure Partners (CIP) via its Green Credit Fund I, and Norway’s largest pension company, Kommunal Landspensjonskasse (KLP), through CIP-managed funds. Sunly will use the funds to construct 1.3 GW of solar, wind, and hybrid parks, enhancing regional energy security and reducing reliance on imported fossil fuels. This investment supports Sunly’s mission to spearhead the energy transition in these regions, contributing to Europe’s broader decarbonization goals.

https://arcticstartup.com/sunly-raises-e300m-debt/

Norwegian startup’s offshore desalination tech gets €6M EU boost to turn wave power into freshwater Ocean Oasis, an Oslo...
30/08/2024

Norwegian startup’s offshore desalination tech gets €6M EU boost to turn wave power into freshwater

Ocean Oasis, an Oslo-based cleantech startup, has secured a €6 million grant from the European Executive Agency on Climate, Infrastructure, and Environment (CINEA) to advance its innovative wave-powered desalination technology. The funding will be used to deploy Ocean Oasis’ offshore desalination buoys off the coast of Gran Canaria, aiming to supply fresh water to 15,000 people. The project, known as DESALIFE, is supported by key partners including the Canary Islands Institute of Technology, the Oceanic Platform of the Canary Islands, and the Universidad of Las Palmas de Gran Canaria. By harnessing renewable wave energy, Ocean Oasis’ zero-emission technology will increase local water production without raising energy consumption, CO2 emissions, or brine discharge, marking a significant step towards sustainable water solutions for coastal and island communities.

https://arcticstartup.com/ocean-oasis-raises-e6m-grant-from-eu/

With $1.6M in new funding, Danish startup hits $4.8M total to grow user base and launch new platforms Copenhagen-based s...
29/08/2024

With $1.6M in new funding, Danish startup hits $4.8M total to grow user base and launch new platforms

Copenhagen-based startup Tiimo, a leading app designed to support neurodiverse individuals, has successfully raised $1.6 million in its latest funding round, bringing the total raised to $4.8 million. This pre-Series A round was co-led by Crowberry Capital and People Ventures, with additional backing from Sweden’s Inner Foundations, which focuses on mental health startups. Previous investors include Goodwater Capital and Divergent Investments, both known for supporting innovative solutions in neurodiversity. The funds will be used to expand Tiimo’s user base, enhance its newly launched educational platform Tiimo Learn, and introduce a web-based version of its popular planner app, making it more accessible for desktop users.

https://arcticstartup.com/tiimo-raises-1-6m/

Danish startup closes €5.35M funding round to expand cyber defense solutions in Europe Uniqkey, a Denmark-based cybersec...
29/08/2024

Danish startup closes €5.35M funding round to expand cyber defense solutions in Europe

Uniqkey, a Denmark-based cybersecurity startup, has secured €5.35 million in a funding round led by Swedish VC firm BackingMinds, with participation from industry veterans like Jesper Zerlang, Lars Ankjer, Otto Krabbe, Rolf Bladt, and several prominent angels. Uniqkey specializes in providing military-grade password management solutions to bolster European companies against the growing threat of cyberattacks and data theft. With this fresh capital, Uniqkey plans to scale its operations across Europe, aiming to become a market leader in password management within three years. The funds will be used to accelerate growth, enhance their product, and meet the latest cybersecurity standards.

https://arcticstartup.com/uniqkey-raises-e5-5m/

Norwegian startup secures €1.9M to simplify SaaS management in Sweden and the UK Oslo-based startup Cardboard has raised...
28/08/2024

Norwegian startup secures €1.9M to simplify SaaS management in Sweden and the UK

Oslo-based startup Cardboard has raised €1.9 million in seed funding to scale its SaaS subscription management platform across Europe, starting with the Swedish and UK markets. The funding round was led by Skyfall Ventures, with additional support from RunwayFBU and Sondo. Cardboard’s platform helps startups, scaleups, and SMEs manage their SaaS subscriptions by centralizing data, reducing operational risks, and eliminating the need for company cards in purchases. The new capital will be used to accelerate market expansion and enhance their product offering, addressing the growing demand for SaaS spend management solutions.

https://arcticstartup.com/cardboard-raises-2-1m/

Helsinki’s Jobilla raises €6 million to advance AI recruitment tools Helsinki-based recruitment tech company Jobilla has...
28/08/2024

Helsinki’s Jobilla raises €6 million to advance AI recruitment tools

Helsinki-based recruitment tech company Jobilla has raised €6M in funding from Juuri Partners, Trind VC, Business Finland, and business angels including Matti Vikkula, who also takes on the role of Chair of the Board. The new capital will support Jobilla’s ongoing international expansion and further development of its AI-powered platform, which automates key aspects of the recruitment process, including content localization and candidate screening. This investment comes as the company continues to run over 8,000 recruitment campaigns annually across more than 50 countries.

https://arcticstartup.com/jobilla-raises-e6m-seed/

EcoDataCenter and CoreWeave to build Europe’s first large-scale NVIDIA Blackwell AI cluster in Sweden Stockholm-based Ec...
28/08/2024

EcoDataCenter and CoreWeave to build Europe’s first large-scale NVIDIA Blackwell AI cluster in Sweden

Stockholm-based EcoDataCenter has partnered with CoreWeave to construct Europe’s first large-scale NVIDIA Blackwell AI cluster in Falun, Sweden. CoreWeave, a cloud-based computing powerhouse, is expanding its footprint in Europe with this collaboration, which will substantially increase the continent’s AI computing capacity. EcoDataCenter, renowned for its sustainable data centers powered by renewable energy, will house thousands of Blackwell GPUs, interconnected via NVIDIA’s ultra-fast Quantum-2 InfiniBand networking. This state-of-the-art facility will serve as a cornerstone in meeting the rising demand for AI services across Europe, marking a significant leap in sustainable AI infrastructure.

https://arcticstartup.com/ecodatacenter-partners-with-coreweave/

Carguru and OX Drive merger set to revolutionize Latvia’s car-sharing landscape Carguru, a leading car-sharing platform ...
27/08/2024

Carguru and OX Drive merger set to revolutionize Latvia’s car-sharing landscape

Carguru, a leading car-sharing platform in Latvia, has merged with electric car-sharing startup OX Drive, making it the largest provider of electric car-sharing services in the country. This merger significantly expands Carguru’s fleet with over 200 additional electric vehicles, including Tesla and Audi models, which will now be available through Carguru’s app. OX Drive, which has been successful in promoting green mobility with its electric vehicle offerings, will be integrated into Carguru’s operations by August 30. This move is expected to enhance Carguru’s market position and broaden its range of mobility solutions, reflecting a shift towards more sustainable transportation options.

https://arcticstartup.com/carguru-merges-with-ox-drive/

Nordic SeaFarm gains €2.1 million backing from EIT InnoEnergy and Inter IKEA Group to advance seaweed-based solutions an...
27/08/2024

Nordic SeaFarm gains €2.1 million backing from EIT InnoEnergy and Inter IKEA Group to advance seaweed-based solutions and R&D

Nordic SeaFarm has secured €2.1 million (25 million SEK) in funding, led by EIT InnoEnergy and Inter IKEA Group. The investment will advance the company’s research and development efforts and expand its seaweed cultivation operations across Europe. The capital aims to support Nordic SeaFarm’s initiatives in creating sustainable materials and solutions, including replacements for synthetic polymers and food ingredients, while contributing to ocean restoration.

https://arcticstartup.com/nordic-seafarm-raises-e2-1m/

Estonian startup raises €2M in grants, eyes expansion in eco-friendly construction Tallinn-based Myceen has secured over...
27/08/2024

Estonian startup raises €2M in grants, eyes expansion in eco-friendly construction

Tallinn-based Myceen has secured over €2 million in grants this year, with an additional €1-1.5 million in seed investment anticipated. The company’s funding comes from a wide range of investors, including the Mistletoe Japanese Impact Fund, EIT Climate KIC, Enterprise Estonia (EAS), the German Ministry of Culture, the Estonian Research Council (ETAG), Beamline Deep Technology Accelerator, the Environmental Investment Center (KIK), the Estonian Ministry of Climate, Horizon EuroClusters, SoTecIn Horizon, and Tehnopol. Myceen plans to use the funds to expand its production capacity by moving into a larger facility and developing industrial production technology for its mycelium-based building materials. This expansion aims to advance the commercialization of sustainable insulation solutions as Europe pushes toward its climate goals.

https://arcticstartup.com/myceen-raises-e2m-grant/

Danish Podimo strengthens Dutch market position with Tonny Media acquisition Podimo, a Copenhagen-based audio subscripti...
23/08/2024

Danish Podimo strengthens Dutch market position with Tonny Media acquisition

Podimo, a Copenhagen-based audio subscription service, has acquired Dutch podcast production company Tonny Media, known for popular shows such as De Zelfspodcast and Geuze & Gorgels. This acquisition follows Podimo’s entry into the Dutch market in 2022, during which it also acquired Dag en Nacht Media and has now reached profitability. Both Podimo and Tonny Media will continue to operate independently but will collaborate more closely on sales efforts, aiming to expand their advertising partnerships and support Dutch podcast creators with enhanced opportunities.

https://arcticstartup.com/podimo-acquires-tonny-media/

Swedish DealPotential raises $1 million to expand investment insights platform worldwide DealPotential, a Stockholm-base...
23/08/2024

Swedish DealPotential raises $1 million to expand investment insights platform worldwide

DealPotential, a Stockholm-based startup, has raised $1 million in Seed funding to advance its Investment Intelligence Platform, a tool designed to enhance decision-making for investment professionals. The funding was secured from a confidential Family Office, signaling robust investor confidence in DealPotential’s innovative approach to the investment sector. With these funds, DealPotential plans to accelerate the platform’s development and expand its sales and marketing efforts across key global markets, including the USA, Southeast Asia, and Western Europe, as it aims to become a leading name in the investment intelligence space.

https://arcticstartup.com/dealpotential-raises-1m-seed/

Lithuanian startup secures €500K to digitize the repair economy and combat overconsumption Vilnius-based startup Tingit ...
23/08/2024

Lithuanian startup secures €500K to digitize the repair economy and combat overconsumption

Vilnius-based startup Tingit has secured €500,000 in pre-seed funding to further its mission of digitizing the repair industry, starting with fashion items. The round was led by Firstpick, with additional backing from BADideas.fund, PurposeTech, and Heartfelt Capital. Tingit offers a seamless platform that connects consumers with repair specialists, handling everything from service booking to payment and shipping. With the new funding, Tingit plans to launch a Service Provider Gateway, allowing independent repair specialists to offer their services through the platform, and an API for easy integration into e-commerce sites. The startup aims to expand into new markets by 2025 and introduce repair services for sports goods, toys, and consumer electronics, driving sustainable consumer habits.

https://arcticstartup.com/tingit-raises-e500k-pre-seed/

Finnish biotech raises €3.5 million to enter U.S. market Helsinki-based biotech company NADMED has raised €3.5M in a Ser...
22/08/2024

Finnish biotech raises €3.5 million to enter U.S. market

Helsinki-based biotech company NADMED has raised €3.5M in a Series A funding round led by Nordic Science Investments, with additional support from Voima Ventures, University of Helsinki Funds, private European investors, and Business Finland. NADMED has developed a CE-marked testing kit that measures NAD and glutathione levels from fresh blood samples, providing crucial data on vitamin B3 deficiencies linked to various age-related diseases. The new funds will facilitate NADMED’s entry into the U.S. and other international markets, broadening access to their technology for more precise diagnosis and treatment.

https://arcticstartup.com/nadmed-raises-e3-5m/

Finnish Return Entertainment teams up with Aethir to bring cloud gaming to smart TVs Helsinki-based cloud-native gaming ...
22/08/2024

Finnish Return Entertainment teams up with Aethir to bring cloud gaming to smart TVs

Helsinki-based cloud-native gaming and entertainment company Return Entertainment has partnered with Aethir to enhance the smart TV gaming experience by integrating cloud-native gaming with decentralized GPU infrastructure. This collaboration aims to make high-quality, cinematic gaming more accessible on smart TVs, allowing users to play using their smartphones as controllers. With Aethir’s scalable GPU cloud services, the partnership seeks to bring low-latency, immersive gaming to a broader audience, targeting the large market of nearly one billion smart TVs worldwide.

https://arcticstartup.com/return-entertainment-partners-with-aethir/

Arctic15 victory propels nooon into new horizons: from pitching stage to €400K funding success Amidst the familiar confi...
22/08/2024

Arctic15 victory propels nooon into new horizons: from pitching stage to €400K funding success

Amidst the familiar confines of Cable Factory, now a cherished home to the Arctic15 event, the top 15 startups in the traditional pitching competition took the stage to unveil their business models. As the day drew to a close, it was nooon that stood triumphant, having captivated the audience and clinched the victory at the Arctic15 Pitching Competition 2024. capturing the spotlight with its approach to influencer marketing among over 180 startups applied.

The victory at Arctic15 was not just a trophy but a gateway to substantial opportunities. After securing a €150K syndicate of Finnish Business Angels Network (FiBAN) angels and VCs at Arctic15 Pitching Competition, nooon closed their €400K angel round with the support of notable investors including Ivo Ronner, Peter Vesterbacka, Steve Havas, Tuomas Pahlman, Pascal Forster, Janne Majaniemi from Wolt among others. This influx of capital will fuel nooon’s expansion plans, focusing on team growth and product development.

“We were there together with some amazing startups that drive innovation and working on super hard to solve big problems. I’d probably try to play it cool but if you ask our team they would say that we were all super nervous and it was the greatest feeling to hear Steve announce our name as the winner,” states Riijärvi.

Click the link to learn how nooon is changing the landscape of hotel marketing:
https://arcticstartup.com/nooon-raises-funding-at-arctic15-pitching-competition/

Estonian startup boosts seed funding to €6.36M, targets industrial scale for battery materials Tallinn-based startup UP ...
21/08/2024

Estonian startup boosts seed funding to €6.36M, targets industrial scale for battery materials

Tallinn-based startup UP Catalyst has secured an additional €2.36 million in a seed extension round, increasing its total seed funding to €6.36 million. The latest round was backed by Warsaw Equity Group and Estonia’s state fund SmartCap, with continued support from existing investors including Extantia, Sunly, Little Green Fund, Scottish Baltic Invest, and UniTartu Ventures. UP Catalyst, known for producing sustainable carbon nanomaterials and graphite from industrial CO2 emissions, plans to use the funds to accelerate the construction of a groundbreaking industrial production unit. This facility will significantly scale their ability to convert CO2 into valuable battery-grade materials, positioning them as a leading provider in the industry.

https://arcticstartup.com/up-catalyst-raises-e2-3m-seed/

Norwegian Hydrogen Mem-Tech and Arda Energy forge partnership to enhance hydrogen separation efficiency Norwegian Hydrog...
21/08/2024

Norwegian Hydrogen Mem-Tech and Arda Energy forge partnership to enhance hydrogen separation efficiency

Norwegian Hydrogen Mem-Tech and Arda Energy have announced a strategic partnership focused on improving hydrogen separation efficiency. Hydrogen Mem-Tech will supply its advanced hydrogen separators for integration into Arda Energy’s gas-to-hydrogen projects. This collaboration aims to enhance hydrogen production from biogas and natural gas by increasing efficiency and reducing energy consumption. The partnership leverages Arda Energy’s extensive experience in project development and finance, which will provide a broader platform for demonstrating the capabilities of Hydrogen Mem-Tech’s technology on a larger scale.

https://arcticstartup.com/hydrogen-mem-tech-and-arda-energy-partner/

Finnish medtech company Bone Index gains new investment to boost global operations Bone Index Finland Ltd, headquartered...
20/08/2024

Finnish medtech company Bone Index gains new investment to boost global operations

Bone Index Finland Ltd, headquartered in Kuopio, has completed a new financing round with Lynx Financial (HK) Limited as the lead investor, alongside participation from European financial investors and existing shareholders. The company, known for its Bindex® system, a portable device for osteoporosis diagnostics, plans to use the funds to expand its distribution and service capabilities in North America and Asia Pacific. This funding will support Bone Index’s efforts to enhance its infrastructure and meet the increasing demand for its bone health diagnostics solutions.

https://arcticstartup.com/bone-index-raises-financing-round/

Oslo’s SportAI attracts €1.6M seed funding to expand AI-powered sports coaching platform SportAI, an Oslo-based B2B spor...
20/08/2024

Oslo’s SportAI attracts €1.6M seed funding to expand AI-powered sports coaching platform

SportAI, an Oslo-based B2B sports technology company, has secured €1.6 million in seed funding led by Skyfall Ventures, with participation from MP Pensjon, Dekel Valtzer, and Sverre Munck. The company specializes in AI-driven sports technique coaching and analysis, offering real-time, personalized feedback for players across various sports. This latest funding will fuel the expansion of their technology, team growth, and market reach. SportAI aims to democratize access to high-quality sports data, making professional-grade analysis available to all players, broadcasters, and brands.

https://arcticstartup.com/sportai-raises-e1-6m-seed/

Lithuanian iDenfy teams up with Proxyrack to improve user registration accuracy and efficiency Kaunas-based regtech comp...
20/08/2024

Lithuanian iDenfy teams up with Proxyrack to improve user registration accuracy and efficiency

Kaunas-based regtech company iDenfy has entered into a partnership with Proxyrack, a Hong Kong-based provider of proxy solutions, to enhance the accuracy and efficiency of Proxyrack’s user onboarding process. iDenfy’s identity verification technology will be integrated into Proxyrack’s system, streamlining the Know Your Customer (KYC) compliance and ensuring precise user registration. This collaboration aligns with Proxyrack’s goals of improving operational efficiency while serving a global clientele that relies on its proxy services. The partnership may also lead to further cooperation in areas such as fraud prevention.

https://arcticstartup.com/idenfy-partners-with-proxyrack/

Swedish startup raises €25 million to advance battery energy storage and grid integration Stockholm-based energy grid in...
19/08/2024

Swedish startup raises €25 million to advance battery energy storage and grid integration

Stockholm-based energy grid innovator Flower has successfully closed a €25 million (290M SEK) Series A funding round. The investment, led by Northzone with additional support from 82an Invest and Zebkei Invest, also brings Northzone’s PJ Pärson onto Flower’s board of directors. Established in 2020 by John Diklev, Flower specializes in integrating battery energy storage systems into the grid, serving electric car fleets, home battery owners, data centers, and solar parks. The new capital will fuel Flower’s efforts to enhance grid predictability and flexibility while generating new revenue streams for renewable energy assets.

https://arcticstartup.com/flower-raises-e25m-series-a/

Finland’s Solar Foods partners with Ajinomoto to launch Solein-powered products in Singapore Helsinki-based startup Sola...
19/08/2024

Finland’s Solar Foods partners with Ajinomoto to launch Solein-powered products in Singapore

Helsinki-based startup Solar Foods, known for its innovative protein production technology, has partnered with the Ajinomoto Group to introduce Solein-powered products in Singapore. The collaboration marks a milestone with the launch of Flowering Mooncakes and Ice Cream Sandwiches under Ajinomoto’s new conscious brand, Atlr.72™️. Solein, a protein derived from air and electricity, is being piloted in this market as part of a broader strategy to explore its commercial potential. This partnership reflects a move towards integrating sustainable ingredients into mainstream food products, with plans for future expansion and further development of green food solutions.

Solar Foods was also recently named the international category winner of NASA’s and CSA’s Deep Space Food Challenge. This recognition highlights the potential of Solein for space missions, demonstrating its ability to provide nutritionally rich food in confined environments. The win underscores the adaptability of Solar Foods’ bioprocess and its potential to advance both space exploration and sustainable food production on Earth. As Solar Foods continues to scale up production with the launch of Factory 01, the company is positioning itself at the forefront of food technology innovation.

https://arcticstartup.com/solar-foods-partners-with-ajinomoto-group/

Finnish startups Kuva Space and ICEYE reach orbit with successful SpaceX Falcon 9 launch Finnish startups Kuva Space and...
19/08/2024

Finnish startups Kuva Space and ICEYE reach orbit with successful SpaceX Falcon 9 launch

Finnish startups Kuva Space and ICEYE are making strides in space technology with recent satellite launches. Kuva Space successfully deployed its first hyperspectral microsatellite, Hyperfield-1, aboard a SpaceX Falcon 9, marking the start of a planned constellation to provide near real-time global data for climate monitoring and food security. Meanwhile, ICEYE launched four new synthetic aperture radar (SAR) satellites, further expanding its world-leading SAR constellation, which offers precise Earth Observation insights in any condition. Both companies are at the forefront of using spaceborne technologies to address global challenges like climate change and disaster response.

https://arcticstartup.com/kuva-space-and-iceye-deploy-new-satellites-via-spacex-falcon-9/

Finnish Clevenio’s automated sales intelligence platform attracts pre-seed investment Clevenio, a Jyväskylä-based B2B Sa...
16/08/2024

Finnish Clevenio’s automated sales intelligence platform attracts pre-seed investment

Clevenio, a Jyväskylä-based B2B SaaS startup, has raised a pre-seed round to scale its sales intelligence software, which automates list building and account research for B2B sales teams. The round was led by Gorilla Capital, with strong support from Sofokus Ventures. With the new funding, Clevenio aims to extend its sales automation tools beyond the Nordics to larger markets, focusing on increasing efficiency and results for sales teams globally. The funds will be used to accelerate product development and expand Clevenio’s reach, aiming to double sales results by optimizing workflow automation for sales reps.

https://arcticstartup.com/clevenio-raises-pre-seed-funding/

Latvian startup raises €3.1 million in crowdfunding, fueling investment platform’s growth Mintos, a Riga-based platform ...
16/08/2024

Latvian startup raises €3.1 million in crowdfunding, fueling investment platform’s growth

Mintos, a Riga-based platform that combines alternative and traditional investments, successfully raised €3.1 million through a crowdfunding campaign on Crowdcube. This campaign, which became one of the biggest in Europe for 2024, drew over 3300 investors and reached its initial €1 million target in just 40 minutes. With strong support from investors in Germany, Spain, and France, Mintos plans to use the funds to expand into new EU markets, develop new products, and improve its platform offerings, reinforcing its growth trajectory in the investment industry.

https://arcticstartup.com/mintos-raises-e3-1m-crowdfunding/

Icelandic pharma tech raises €4.3M to expand U.S. and European operations PLAIO, the Icelandic AI-driven platform revolu...
14/08/2024

Icelandic pharma tech raises €4.3M to expand U.S. and European operations

PLAIO, the Icelandic AI-driven platform revolutionizing pharmaceutical sales and operations planning, has raised €4.3 million in its latest funding round led by Iðunn, a venture capital fund managed by Kvika Asset Management. This follows previous funding of €2.7 million in 2021 and €400,000 from the Icelandic Technical Development Fund in 2023, with continued support from Frumtak Ventures and Dr. Agon. The funds will be used to expand PLAIO’s operations in the U.S. and Europe, enhance its AI Coplanner, and strengthen strategic partnerships. Iðunn’s investment will bring Pétur Richter and Andri Sveinsson to PLAIO’s board, joining a roster of notable investors with a track record in healthcare and pharma innovation.

https://arcticstartup.com/plaio-raises-e4-3-million/

Tampere’s Collo secures €5M funding to advance IoT-based liquid analyzers Tampere-based Collo has secured €5 million in ...
13/08/2024

Tampere’s Collo secures €5M funding to advance IoT-based liquid analyzers

Tampere-based Collo has secured €5 million in a funding round led by SEB Greentech Ventures and FORWARD.one, with Scale Capital participating. Collo specializes in IoT-based analyzers designed to optimize industrial liquid processes. The company plans to use the new funds to enhance its technology and expand its market presence. Collo’s analyzers provide real-time, accurate measurements of liquids, enabling reductions in raw material waste, water use, and CO2 emissions.

https://arcticstartup.com/collo-raises-e5m/

Malmö-Based Minut and Google Nest partner to boost energy efficiency in short-term rentals Malmö-based Minut partners wi...
13/08/2024

Malmö-Based Minut and Google Nest partner to boost energy efficiency in short-term rentals

Malmö-based Minut partners with Google Nest to enhance energy efficiency in short-term rental properties. The new integration allows property managers to control Google Nest thermostats through Minut’s platform, automating heating and cooling based on guest check-in and check-out schedules. This partnership aims to reduce energy consumption and carbon emissions by ensuring that heating and cooling systems are only active when needed.

https://arcticstartup.com/minut-partners-with-google-nest/

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