eupry raises ā¬23 million, nordic defender's new board + the new sports tech fund.
*TGI(m)F. edition126 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?
i love to crowdsource updates from the people on the ground, so hereās the:
š mondayfriday news drop. share the details by saturday for a potential sunday feature!
mondayfriday will not be taking any breaks over the holidays, but you can expect slightly shorter formats to be dropped instead (who knowās what that means yet) - letās see where december takes us! š
š©š° Denmark
SC Ventures, a new sports + technology venture fund launches with ā¬47 million to ācreating a room for sport and startups to thrive and growā.
Johan Christian Sollid, Founder and chairperson of the danish pro-nuclear movement, thinks the nuclear energy ban in DK will fall in 2025.
Novo Nordisk stocks fall by +21% (at time of writing) caused by a disappointing new weight loss drug and causes the danish krone to weaken.
Rebekka Gustafson, founder of Human Athlete podcast, takes on new role as Head of Storytelling at aioss.
Watch company, Ditur, that featured on LĆøvens Hule, is currently in the media spotlight over questions of quality (with some claims it uses the similar materials as watches found on Temu). The founders have responded.
CCO + Co-founder of Penneo, AndrƩ Clement, is stepping away from the company.
Tech Nordic Advocates add Alliance VC to their Diversity Venture Fund team.
Keepit, the startup managing + protecting SaaS data at scale, raises ā¬47.7 million led by existing investors, One Peak, and EIFO.
Rasmus BorgstrĆøm, VP at DHI Innovation Lab, is leaving after 16 years to explore new avenues in the startup world.
Danish investments in GreenTech have reached new records ā ā¬241 million invested in Q1-3 so far. Challenges still lie ahead.
Woomio, the influencer marketing tool has been acquired by french Kolsquare | B Corp.
Hyme Energy, the company making sustainable energy accessible for industry, partners with Arla Foods (the multinational dairy company) to build the largest industrial thermal energy storage plant in the world.
Qvonto, the regulatory technology company, announces a strategic partnership with Aleta, a Danish wealth management platform to simplify ESG compliance.
Medstart, the startup democratising access to science-backed weight loss treatments has been sold to Yazen.
Eupry, the startup bringing temperature and humidity compliance to regulated industries, raises a ā¬23 million round led by Chr. Augustinus Fabrikker and including existing investors.
PixelPai, the digital assets and blockchain technology company supporting the creator economy, appoint Kristian Feldborg as their new Chief Technology Officer.
Katrine Arevad joins the board of KvindeKompagniet - an association aiming to increase the proportion of female entrepreneurs in Denmark.
Nicolai Mazur, the founder of Dately, the subscription product for at-home dates for couples, announces he is closing down the company.
Oscar Thybo joins CVX Ventures as their new Head of Board and Advisory.
Real estate company, Home.Earth, has acquired a 12,000 mĀ² residential property in Ćrestad from Skanska.
CxPlanner, the online commissioning software platform, secures a strategic investment from Compounding Capital to expand into the U.S market.
As part of Alice.Tech, Raaman Bales + Kim Rants launch StudyWonderland, a free weekly email with their best study tips and exam hacks for students.
Partisia, the platform for privacy preserving data solutions, has received BĆørsen's Gazelle Award 2024.
Nanostic Technologies ApS is the winner of the Otto Bruuns Fond Best Tech Demo award, earning 50.000 kr. at the DTU X-Tech Finals.
Gefion, Denmarkās AI supercomputer, is ranked as the 7th fastest production storage system globally.
šøšŖ Sweden
See the latest board members to join Nordic Defender, a company that is redefining cybersecurity.
Rebaba, the second-life battery energy storage system, closes an ā¬480.000 pre-seed round led by Rockstart + more.
Scania, the Swedish-German truck company, is in talks with Northvolt to acquire parts of one their battery subsidiaries.
Belleās Toys, the toy company producing a collection of inclusive, black dolls, launches their products in their 20th toy store.
Adsorbi, the startup making clean air a reality, is partnering up with SmellWell and Icebug to create environmentally friendly shoe deodorisers made from Nordic wood.
Ambidex, the company providing industrial refrigeration systems as a flexible resource, secures new funding from Chalmers Ventures.
Junipeer, the integrations platform for the e-commerce industry raises ā¬436.000 seed round from an undisclosed investor.
Isabel Keulen takes on new role as CEO of SSE Business Lab and SSE Ventures.
Proteinish, the foodtech startup making plant-based meat, raises a ā¬395.000 pre-seed round FoodBridge/ Novax.
Emission Twin, the company helping businesses reduce their greenhouse gas emissions using digital twin technology, raises ā¬872.000 from Per Hidenius (angel investor).
Comintelli, the global leader in market + intelligence monitoring, raises ā¬348.000 from Dahlgren Capital.
Daniel Wisenhoff has joined node.vc for Malmƶ & Copenhagen regions as their newest Venture Partner.
MRI software company, Corsmed, raises ā¬3.3 million seed round co-led by Luminar Ventures and Big Pi Ventures.
Nordic Capital announces the first + final close of Nordic Capital Evolution II at the hard cap of ā¬2 billion.
GOALS, the esports-football company roll out new tech breakthrough: their own netcode and game server + PJ PƤrson (northzone) is impressed.
Video game and tech group, Aonic, raises ā¬152 million in a round led by Metric Capital Partners.
AI-driven SaaS platform for customer experience, Voyado, receives investment from + strategically partners with H&M Group.
Lightbringer, the all-in-one solution for patent protection founded in 2023, has secured ā¬4.2 million in funding led by Luminar Ventures and Alliance VC.
In collaboration with apotea.se, Einrideās autonomous freight technology is now powering Europeās first daily commercial operations.
Dirac, the company providing digital-audio solutions that transform your listening experience, raises an ā¬8.7 million round from CNI Nordic & DIG Investment.
š³š“ Norway
T-robotics, the U.S-Norwegian no-code programming company for industrial robots, raises a ā¬5.2 million seed round co led by Emergent Ventures and Engine Ventures.
Kelpinor, the sustainable seaweed company, is featured in an international documentary that has already won multiple awards at SohoLIFF and is selected for the Blue Film Festival (New Port).
Starflow, the energy tech startup, secures ā¬85.000 in funding from Innovation Norway.
Propely, the communication platform for real-estate players, raises an undisclosed amount of funding from Arkwright X, Skagerak Capital + a couple of angels.
Venture Summits launches, an event that will gather top-tier C-level growth talent to accelerate the Nordic venture ecosystem.
Epicenter LOFT, the ācrown jewelā of memberships as part of Epicenter co-working/innovation hub, is coming to Oslo (following success in Helsinki + Stockholm).
VC fund, Momentum, are near the first close of their latest fund, Fund III, at roughly ā¬34 million. EIF are core backers.
KS Digital, Task and Valamis have partnered on one of the biggest contracts of its, kind to digitise learning platforms across municipalities and county councils.
Buy-Now-Pay-Later solution, Two, are partnering with ABN AMRO (the dutch bank), to launch a āpay on invoiceā solution in the Dutch market.
Lybe Scientific, the company making life science and diagnostic products, raises ā¬673.000 from Startuplab, Gnist Capital + Asgeir Ćstvik.
7Analytics named one of Top 6 Insurtech companies of 2024 by Digital Insurance.
š«š® Finland
Finland faces backlash after a black woman, Daniela Owusu, was targeted by racist abuse over her role in the Saint Lucia festival. this brought conversations to the forefront about the countryās anti-black racism (in 2018 Finland ranked #1 for most anti-black country in the EU) and the impact this has on āattract[ing] work-based immigrationā - a āneedā in order to remain ācompetitive, innovative and for growthā to occur.
āDisruptive technologies, aerospace, digital servicesā¦ā - Finland will open a Consulate General in Houston, Texas.
Edcel Castro takes on the role of CEO of Dash ā the design services company for startups + businesses ā in replacement of Saara Abdi.
CooliBlade, the innovative thermal management technology company, raises ā¬1.7 million in a round led by Innovestor and Butterfly Ventures.
ICEYE closes a ā¬62.3 million extension round from Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev and successfully launched two more ICEYE SAR satellites into space.
Travel software company, Hostaway, raises ā¬345 million (the 3rd largest round in Finnish history) led by General Atlantic.
Ray Browser, a less clunky browser for modern gaming, raises ā¬6.2 million in a round led by Play Ventures.
Planmark, the SaaS tool for ESG data collection and automation of report generation, raises (undisclosed) funding from Gorilla Capital
Maria 01 hits a new milestone - the startup hubs member and alumni startups have raised over ā¬1 billion in funding since 2016.
OURA raises a ā¬192 million Series D round led by Fidelity Management & Research Company and Dexcom.
The AI Finland network of the Teknologiateollisuus - Technology Industries of Finland announce their new AI advisory board members, with aims to make the country a leader in AI development and application.
Voima Ventures announces the final closing of their ā¬100+ million Fund III to āsupport science-driven unicornsā.
Orijin, the B2B SaaS startup disrupting agricultural supply chains, raises strategic funding from Brainforest Association and Gorilla Capital
Fintech company, Enfuce, partners with Alisa Pankki Oyj | Alisa Bank Plc to bring an innovative business credit card for SMEs in Finland to market.
š extras, opinions + resources
listen: āWe see the Pluto, Lunar dynamics like N26 and Trade Republicā, says Pluto boss - Tech.eu (Ken Villum x Joakim Bruchmann).
read: ābeing an outsider in Sweden gave me the drive to succeed" - Ali Ghodsi (ceo + founder of databricks).
Oschlo, AI Product Studio, and the 3 (small) AI projects you can do to pass time between Xmas + NYās.
this weeks wildcard: The HĆøjer Wall.
Nicolaj HĆøjer Nielsen ranked 5 startups he deemed ābest in the worldā on a pen + paper āHĆøjer Wallā and asked startups to apply to be one of the 5 remaining spots.
Two entrepreneurs took that concept, turned it into a web site format (below) to allow for 24/7 deal flow, and pitched it to Nicolaj via youtube .
You can also now apply to be on the HĆøjer Wall joining (ReefCircular, Complir, Scale AI + more) ā as long as you can say why your startup will succeed in 2025 in 10 words or less.
š¦ Ash Pournari is looking for āsuperstar in creating and managing the tech architecture for a Challenger Bankā
āļø Coffydoor are hiring a Customer Experience manager (SE/remote)
āļø Copenhagen Capacity launch a national job portal with access to career opportunities at companies in Denmark.
š CEO & Co-founder opportunities through Daya - you can reach out via DM or jenny@daya.se for more info (SE)
š¾ Askeladden & Co is starting an AI Factory and looking for both a CEO + CTO to join (NO)
šø Innovestor are hiring a Head of Investor Relations (FI).
ā Apply to join Roskilde Festivalās open call to join The Circular Lab in 2025 (a chance to test your circular solution at the festival and get in front of 130.000 people!). Deadline is 8th of Jan!!
ā Wellstreet are the hosts of the investment club event at Villa Pauli (A Family Club) and are still looking for startups to pitch (few spots available, so get in touch with them asap!).
ā Apply to speak Women In Tech Sweden 2025, as part of their Lightning Talks for next year's event on the 23rd April.
ā A database for VCs that invest in capital heavy startups (often hardware + climate tech) is being built, and if youāre one of them you can add your fund to the list.
ā Upskilling platform for coders, Scrimba, is launching backend support in Q1 2025, leave a comment if you want early access.
ā Startup Aarhus introduce SMIL, a new startup gathering thatāll put the Aarhus startup scene on the global map. Pre-registration is already live!
ā If youāre thinking of starting a bioscience venture, apply for Bio Innovation Instituteās Venture Lab. They are hosting open pitch hours in the first week of Jan.
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, please drop your updates HERE and fill me in on any startup related news in the nordics āØ
yours weekly,
kay
* thank god it's (monday)friday
