mondayfriday #53: we're back from the holidays! catch up on all funding & startup news in case you missed it (it's a long one!)šš«
welcome to newsletter #53 , week 1, iām kay, and i'll be sourcing curated startup news in the nordics from monday-friday, delivered to your screen for easy reading on sunday š
noticeboard š£
š Welcome back from the holidays and a happy new year! This weekās mondayfriday edition will cover updates from the last two weeks to ensure that (hopefully) no rock has gone unturned in the world of Nordic startups. Enjoy, itās going to be a long one! š
š do you have questions about sponsorships and/or want to share some exciting news with the community?
Contact me here: mondayfridaynews@gmail.com š
rapid-fire š„
š©š° Denmark
Female Invest, the financial education startup focusing on increasing financial literacy for women (predominantly) partners with beer brand Kronenbourg 1664, part of the Carlsberg Group.Ā
Cykom, the one-stop-shop for modern cycling equipment secures $1.8 million in funding from a list of Business Angels including Peter Troensegaard Jensen, KĆ„re Sand and Jonas SĆøholt Grundtvig. The company also signed a four-year merchandising deal with ASO, the Paris-based organizer of the Tour de France and other international cycling races.
Aarhus-based Question Base, an AI-driven tool automating answers to your team's questions inside Slack launches on Product Hunt.
Northstake, a āregulated VASP pioneering a proprietary multi-chain crypto staking platformā partners with Januar, the ā#1 European payment gate for crypto companiesā.
kompasbank, the neo-bank funding small to medium-sized businesses with aims of accelerating growth in Denmark, raises a DKK 92 million round.
The company building a green technology that is unique, scalable, and low cost, copenhagen atomics, raises ā¬20 million to accelerate the development of thorium molten salt reactors.
Following close of first round in People Venturesā new ā¬100 million fund, the VC announces their investment in Tiimo the visual planning app targeted at neurodivergent people.
Novo Holdings invests in Fyn-based medtech firm, Evosep, ābettingā DKK 280 million on the company, and in turn getting 20% ownership (paywall).Ā
š³š“ Norway
Birdsview, the company enabling the power grid industry to efficiently and accurately assess the condition of the power grid, has raised a NOK 20 million round of fresh funding. New investors include Ā Statkraft VenturesĀ ,Ā Farvatn, Hafslund and Eidsiva.
Wattif EV, the company building āinfrastructure for charging electric carsā, raises NOK 525 million in latest round from the Luxembourg-based investment fund, Marguerite.
ReLi, the ānetflix for clothes companyā building a clothing rental service to support circular fashion raises a ~ NOK 4 million equity crowdfunding round through FolkeInvest.
š«š® Finland
Business Finland approves a ā¬34 million grant funding to Solar Foods, the company building a natural protein for the global food industry. The grant money will be used to ramp up their hydrogen fermentation facility (Factory 01) and enter the engineering phase for Factory 02.
Nordic Umami Company, the startup improving plant-based food in a closed-loop ecosystem has raised ā¬1.8 million in a seed funding round led by the Nordic Food Tech VC.
Klu, the company helping organisations search for files faster across multiple platforms, raises pre-seed funding from Antler with aims of Ā building and launching its public beta in January 2023.Ā
Market intelligence startup Statzon announces 400 000 EUR seed funding round includes equity funding from investors including several angels and an R&D loan from Business Finland.
šøšŖ Sweden
Digital postpartum support startup, LEIA, raises ā¬1.4 million and is featured in Dagens industriĀ speaking about the importance of driving the digital revolution for parental health.
The company building innovative and efficient heat pump solutions, Qvantum Energy, raises a SEK 460 million series-b round from list of investors including Thomas von Koch (Partner and ex CEO of global private equity firm EQT) among others.
Sircular, the company connecting accelerators and investors with startups through their matchmaking platform and collaborative ecosystem, raises a SEK 6 million round (paywall).
Habeno, the startup helping people get mortgages abroad, raises SEK 30 million from investors including Sebastian Knutsson and Riccardo Zacconi, Sven Tƶrnkvist at EQT, Ann Grevelius and business angel Lars Lindgren.
Startup providing drone software and services for automatic inspections of linear infrastructure, Airpelago, has raised a seed-round of SEK 8.5 million. VEQ doubled their shares in the company, with the round also seeing Sustainable Energy Angels, We Are Angels, and Airpelago employees as new investors.
Done, Europeās first gig platform for qualified craftsmen facilitating consumersā home improvement projects, raises a ā¬700K seed round led by Almi Invest.
Biotech company, EnginZyme, based in Solna, raises a ā¬21 million series-B round with new investors Bunge Ventures, Navigare Ventures and Almi Invest GreenTech joining previous investors.Ā
š®šø Iceland
Hopp, the Icelandic e-scooter rental company has raised a $4.7M round from Glymur and Nefco
Arctic Therapeutics receives a $2.7 million grant and $10.6 million in funding from European Innovation Council (EIC) Accelerator.
job alert šØ
šø Kristin Assaad, CEO & Founder of LegalUp is looking for a Co-founder to join her team.
šø MyMonii are looking for a Head of Marketing & Growth.
š§ Fintech for kids š° $1.1m š Copenhagen
šø proper are looking for a Product Specialist
š§ Property Management š° $8.3m š Copenhagen
šø Jump on the Hub for more!
dates for the calendarā¦š
VC Series: Scale Capital is coming to Aarhus + Scaling to the US: Wed, January 11, 2023, 8:15 AM ā 10:00 AM CET, @ The Kitchen, Aarhus.
The VC Challenge Program: Apply to participate in VC Challengeās 6-week program for aspiring VCs to learn and prepare for raising & managing a fund. Deadline to apply: 31st of January. In partnership with Canute, Startup Norway, KLAK - Icelandic Startups, Nordic Node and supported by Nordic Innovation
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 sources themselves! so, feel free to reach out and fill me in on any startup related news in the nordics āØ
yours weekly,
kay