a ā¬13.2 million rescue mission, 'ipad babies' are the next consumer frontier, product-market fit or die š±
*TGI(m)F. edition120 iām kay, and this is your weekly round-up of curated startup news from the nordics, delivered to your screen for easy reading every sunday š
š„ got news?
drop your updates, events, job-postings, etc-etc to: kaymichelsen@hotmail.com for the chance to be included. deliver by saturday for a sunday feature!
š©š°Ā Denmark
Sander Janca-Jensen, founder of Flatpay, shares the companyās record-breaking October stats including: 1,800 new customers, a maintained growth rate of +13% MoM and more.
Clutch Nutrition raises a new (undisclosed) amount of funding led by a new investment company and supported by Voluntas Holding.
Embankment, the next-gen asset service business, has raised ā¬4 million in a round led by Seed Capital Denmark and with participation from EIFO.
Copenhagen Fintech has signed a Memorandum of Understanding (MoU) with the GFTN to collaborate in developing the Nordic Fintech Week in 2025 and beyond.
PSV Hafnium set new industry standard for parental leave options for its partners ensuring the fund doesnāt have to pause operations in these cases.
Cordulus, Northern Europe's leading provider of AI-based weather solutions raises a ā¬3 million round led by Danish Agro and the Pajbjerg Foundation.
proem have launched a new product, Proem News, a global AI tool that allows readers to fact check information by enriching the text with scientific sources to back it up.
Flimmer, the video app targeted towards children and families, goes live with over 192 paying subscribers in just 2 weeks (they are currently raising their pre-seed round).
After 6+ years in the private investment ecosystem, Camilla Molina Nysum announces her new role as the Founder & CEO of ReBloom - an intelligent solution enabling secondary transactions.
Omics Studio, an innovative bioinformatics software solution, has raised funding from Accelerace.
Zenith Ventures have invested in CoCoach, an all-in-one and co-pilot platform empowering coaches to build and grow their online businesses.
Mindway AI, the provider of innovative safer gambling solutions, partners with VBET to expand into dutch market and hires a new Clinical Psychologist.
The Odense startup creating safer digital spaces, SASHA, has made The Europas list, a premier awards event for Europeās hottest startups founded by Mike Butcher.
Nornormās CFO Emil Steenhouwer steps into the Deputy CEO role to propel NORNORMās mission and growth.
Humani introduce their Advisory Boardmembers : Corey Archard, Jessica Z, Jennifer Montague, Stina Pagliero and Nico Blier-Silvestri.
Health Tech Hub Copenhagen receives a grant of ā¬4.2 million from Novo Nordisk Foundation to develop an AI-based platform that helps software startups with certifications for the healthcare sector.
Caroline Frantl Larsson, Head of Community at byFounders is stepping away from her role to focus on passion projects and new chapters.
Ticketbutler is among the top 0.9% of fastest growing companies in Denmark - earning them a Gazelle prize from BĆørsen (2nd year running!).
Long-standing board member of BESTSELLER Foundation, Anders Boelskifte Mogensen, steps into new role of vice chair.
šøšŖ Sweden
Stina Wallmark has been appointed the new Investment Director Life Sciences at Voima Ventures.
Bovra, the startup revolutionising home ownership, has raised a total funding amount of ā¬8.6 million with more fundraising on the horizon.
Amferia kills bacteria wins the Chalmers Impact Award for their groundbreaking antibacterial solutions.
Yazen Health, the digital caregiver focused on weight loss management, raises a ā¬19.5 million Series A round led by Evli Growth.
š³š“ Norway
Paper tablet company, ReMarkable, record a revenue increase of 11% compared to the same period last year after launch of new product.
Bislab, a fintech startup building a credit assessment system, has secured ā¬1.7 million in pre-seed funding led by Sondo Capital.
Aviant, the a full-stack drone service enabling autonomous transport of cargo between medical facilities, wins a $1 million investment after joining the GENIUS NY accelerator program.
eSmart Systems, the AI-powered solution for inspecting and managing critical energy infrastructure, raises a ā¬30 million round led by TiLT Capital Partners.
Glint Solar, the SaaS company using satellite data to identify and analyse thousands of potential solar project sites, raises a ā¬7.5 million Series A round led by Smedvig Ventures.
Robotics and IoT company, Wheel.me, raises ā¬13.2 million in a ārescue operationā after finding themselves in a āfinancial crisisā after more time and money was spent on product development and securing installation contracts then planned for.
š«š®Ā Finland
In partnership with Altira, Bob W has expanded itās alternative solution to hotels & short-stays into Sweden - now operating across entire Nordic region.
Quanscient, the multiphysics simulation software, has announced a ā¬5.2 million round led by Crowberry Capital.
Pibox, the software company helping to scale remote audio collaboration across teams, raises ā¬1.1 million in funding from Presto Ventures, Globalive Capital, and Startup Wise Guys.
Orijin, a SaaS platform for traceability, operational management, and compliance in agricultural supply chains, has received strategic funding from Brainforest Association and Gorilla Capital.
Enni Rautio is appointed as the Interim Director of Tesiās Fund Investments team and as a member of the Management Team.
š®šø Iceland
Knittable, the startup enabling users to interact with and adapt their knitting patterns according to their needs, will be participating in the New Nordics Pitch competition.
š stories, resources + other bits.
Tiktokās āThe Power of Social Commerce report' for the Nordicsā - downloadable here.
In lieu of the recent elections, Robert Strand, the Executive Director of the Nordic Center at UC Berkeley, advises Nordic-based companies to focus efforts on California. Read the LinkedIn thread here.
Sampo Parkkinen on product-market fit: āIf you donāt reach [it], youāre deadā. watch/listen here.
Jonas HelmikstĆøl on nearing insolvency due to a governmental ban on their products (after rapid growth), his mental health challenges and more.
Casper Ravn-SĆørensen, CEO of GoWish (Ćnskeskyen) on āIntroducing Generation-A: The Market Disruptors You Havenāt Heard About Yetā - Read here.
āDriversnote: a bootstrapped success story defying traditional investment normsā - read here.
š§« Cellugy are hiring a Head of Scaleup & Production
š Monoscope are hiring a Founding Engineer
š¾ SportAI will soon be hiring a Machine Learning Engineer
ā Nordic Female Founders' Investor Club 2025 launches, no fees + no previous investment experience is necessary. Join the club here.
ā Nicolaj HĆøjer Nielsenās calendar is wide-open November 25th: if you want to raise a business angel round you can book an intro meeting with him.
ā Responsible AI Professional of the YearĀ -Ā Nordic DAIR Awards 2024 Individual Categories Voting Form.
ā Sifted are looking for startups in the Nordics with a strong track record of revenue generation to feature on their inaugural leaderboard - deadline to submit is Nov. 17th.
ā Copenhagen Fintech in partnership with Tenity have opened applications for their 4-month, pre-seed program āNew Nordic Challengersā.
ā Operators Night hosted by Antler, NVIDIA, Google Cloud and Slush. 19th November 19:00 - 23:00 EET in Helsinki.
ā Female Founder Stories hosted by wednesday, Thursday 21st of November (slush week) at G18 in Helsinki.
ā Unicorn Oasis Startup Party hosted by HubSpot For Startups. November 20th at 19:00 BioRex, 24 Mannerheimintie in Helsinki.
ā The investor-readiness programme, Fundraising Bootcamp:Copenhagen in collaboration with Danske Bank, will be taking place 25th - 29th November.
Thanks for tuning in! iām 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, feel free to reach out and fill me in on any startup related news in the nordics āØ
yours weekly,
kay
* thank god it's (monday)friday
