51 hours to close the round, pasta on a world tour + a fund for the faroe islands 🍝
*TGI(m)F. edition122 i’m kay, and this is your weekly round-up of curated startup news from the nordics, delivered to your screen for easy reading every sunday 💌
🥛 got news?
i love to crowdsource updates from the community on the ground, so here’s the:
🔗 mondayfriday news drop. share the details by saturday for a potential sunday feature!
“it wouldn’t be called bravery if there was a 100% success rate”
~ Tao Legene Thomsen, notes on the jaguar campaign.
🇩🇰 Denmark
Pasta made from bread waste company, Wasted Aps, are back from their ‘world tour’ and sold-out their Homecoming Dinner in Copenhagen last Saturday.
Cernel, the startup democratising paid services for e-commerce sites, has raised €733k from a list of investors including Christian Vinther (Founderment), Stefan Rosenlund, Jesper Hvejsel and more.
Women’s health company, Freya Biosciences, has secured a €10 million strategic investment from the Bill & Melinda Gates Foundation, and an additional €1.3 million from EIFO.
Danish Centre for AI Innovation has announced that AI supercomputer, Gefion, secures the 21st place on the world’s TOP500 list of the most powerful supercomputers.
Mindway, the safer gambling software company, partners with Kindbridge - a telehealth clinic specialising in addiction treatment to create a ‘detect and treat’ pipeline.
After two years as CEO of Good Tape, Tav Klitgaard will transition into the role of Chairperson of the Board and Lasse Finderup will officially take over in his place.
The next-gen, B2B electricity supplier, Reel, wins the Rethink Cities Innovation Award.
Stella Energy, the EV charging company has won 4/5 tenders for charging stations in Oslo and will be expanding into the Norwegian market.
David Heinemeier Hansson joins the board of directors at Shopify.
Zoomer💨 , the bike subscription service for kids, serving only Zealand and Amager is now expanding across Denmark.
MinervaX, the biotech company developing a maternal vaccine for the prevention of adverse pregnancy outcomes, has appointed Veronica Gambillara Fonck as their new Chair of the Board.
🇸🇪 Sweden
The first in - first out merchandising solutions company, EasyFill, has secured €1 million investment from Dahlgren Capital.
EsterCare, the platform providing women with specialist healthcare through their app, raises funding from Impact Invest.
Renewable maritime fuel company, Liquid Wind, has announced a €44 million Series C funding round led by Uniper, HYCAP, and Samsung Ventures.
Northvolt seeking reconstruction in the USA to save the company; counting on financing through a Chapter 11 process.
Kodiak Hub, a supplier relationship management (SRM) platform, announces a €6 million fundraise from Oxx, a B2B SaaS investment firm.
Angel investment club, Akka Nordics, officially launches.
Forsway, the company providing end-to-end satellite communication solutions, has raised a €2.3 million round from the European Space Agency (ESA).
Runway Capital have launched, a platform designed to accelerate capital raising for early-stage tech and impact-driven companies.
Sven Törnkvist, the Global Head of EQT Digital joins Normain as the new Chair of the Board of Directors.
Atomize, the Revenue Management Software (RMS) provider, has been acquired by Mews, a company specialising in hospital technology.
Hydrofoil ferry company, Candela, has secured €13 million in an extension to its Series C, following the €24.5m raise earlier this year.
🇳🇴 Norway
Atlas.co is busy mapping 50+ startups in Oslo - did they miss anyone?
Factiverse, the B2B tool for live fact-checking of text, video, and audio, has been featured in TechCrunch, noting plans to raise a seed-round in 2025.
Medical device company, Augere Medical, has raised their first round of funding from Norwegian investors and public grants.
KLP, one of the largest pension fund managers in Norway has become a customer of Strise - the anti-money laundering software company.
🇫🇮 Finland
Kuva Space announces that their €8 million private investor funding round has closed, and in record time: 51 hours.
Membrane Finance, the company bridging traditional financial systems to the world’s leading blockchains, to be acquired by Paxos.
Algorithmiq, the quantum software developer for the life-sciences, has teamed up with NVIDIA to improving the performance and reliability of quantum computing systems.
Revieve, the startup building a market-leading AI-powered customer-experience platform for beauty, wins the 'Beauty Innovation of the Year' award.
AI governance company, Saidot, shares details about latest collaboration with Microsoft to support their customers’ end-to-end AI governance.
Taito.ai, the company automating employee performance enablement, announces a €2.6 million seed funding led by Accel and Illusian Founder Office.
Keto Software, the startup working with strategic portfolio management, has secured €8.4 million in funding from Greencode Ventures, Emerald Technology Ventures, and more.
more raises: Oura (€72 million + €5 valuation), TactoTek (€60 million), Serviceform (€2.4 million).
🥶 the slush lowdown (some of it):
“Exit 101: The best talk I watched at Slush this year…” - Maria Flyvbjerg Bo
“Europe needs to find its own identity in tech otherwise it will become a museum” - Financial Times, John Thornhill.
Vitala are the winners of the Silicon Vikings New Nordics Pitch Competition Grand Final.
“We have a bright future ahead if…” - Stina Lantz
Winners of the Slush 100 Finals - OASYS NOW.
FinEstLove Fund Management has announced the launch of “FinEst-Faroe” - an investment fund aiming to drive economic growth in the Faroe Islands.
What Sifted had to say.
📚 stories, opinions + resources.
Read Stefan Lundel’s opinion on founders selling their shares to cash in the big money — offensive?
Listen to ESFORIN’s latest episode on the future of wave energy with Patrik Möller (CorPower Ocean).
Why founders should use Papermark to send their pitches to investors.
See the “Sifted 75: Nordics & Benelux” list for the fastest-growing startups across the region by revenue growth.
Listen to “How this AE Built a $1M Pipeline Through LinkedIn (With Laura Erdem)” - The Revenue Formula
Read: The Nordic Defence Tech Report 2024 - Dealroom + Danske Bank Growth
this weeks wildcard, opinions on northvolt:
⚡️ Enode are hiring for several roles!
🍝 Klimato are hiring a Sales Manager.
🍷 Vivino is hiring a Global Business Performance Manager.
💡 Nico Blier-Silvestri’s Monday Talent Spotlight: this person has “over a decade of leadership experience in customer success, strategic partnerships, and account management across Europe […] her extensive background spans SaaS, programmatic advertising, and data-driven travel technologies”. get in touch with Nico for more info if you (or someone you know) is hiring.
→ Innovating for Impact: Transforming Healthcare in Underserved Communities at The Conduit Oslo. November 27th, 16:30 - 18:30.
→ Donated laptops needed for HackYourFuture Denmark to equip two new cohorts coming in soon! If you are ready to re-purpose an old laptop, get in touch here.
→ Impact Night Diversity hosted by Venture Cup Denmark. 29th November, 16:30 - 21:00.
→ Unlock the Future of Leadership: The Humanizers & Humani App Launch: December 4th 5:30 PM - 11:00 PM at Sankt Annae Plads in Copenhagen.
→ Apply to join Women in Tech Denmark’s yearly Womentor mentorship program as a mentor, or mentee.
Thanks for tuning in! i’m always on the hunt for newsworthy content to bring to the mondayfriday audience. and, if you ask me, the best place is from the community itself. so, please drop your updates HERE and fill me in on any startup related news in the nordics ✨
yours weekly,
kay
* thank god it's (monday)friday
