mondayfriday: 8 years of bootstrapping to a €35m fundraise, an interview with Annika Sten Pärson + pluto enters the scene 🪐
TGI(M)F. edition 94, week 06. 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.
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🇩🇰 Denmark
Holdbar, the startup working to digitise the tourism and experience industry, raises a €3.3m seed-round from Seed Capital Denmark & firstminute capital
Invest for Impact Denmark launches, a national council and community for Danish impact actors with the purpose of promoting impact investments. The initiative was led by Social Capital Fund and is in collaboration with TrygFonden, Sparekassen Sjælland-Fyn, Landsbyggefonden and Dansk Industri.
Former Global Head of DE&I at GRUNDFOS, Ulla Grøn, becomes new Principal at Kaospilot.
Pluto, the neo-broker building a NextGen investment platform raises €2.4m led by Magnetic and a series of renowned founders.
Ztove, the innovative stove offering temperature control within +/- 1°C for more precise cooking, raises “several millions (dkk)” from Bonnesen Mølby Invest ApS.
Nordic Health Lab receives a €1.6m grant from Industriens Fond to spread, and implement innovative healthcare solutions in hospitals across Denmark.
🇸🇪 Sweden
Froda, the company specialising in SME financing solutions has entered a partnership with Ageras, a provider of integrated banking and financial services, in order to support expansion into the German market.
Nordkap, a treasury management system for the real estate industry, raises €880k in funding from existing investors to continue international expansion.
The AI-powered software asset management startup, Xensam (that has been bootsrapping for 8 years) secures €37m in funding from Expedition Growth Capital.
Myrspoven, the company offering AI-powered solutions for energy optimization in buildings, raises €5.4m equity funding round led by 4impact capital, Vantaa Energy, and existing investor AMAVI Capital.
Cancer diagnostics company, Reccan AB, is accepted into SmiLe's incubator program and raises €800k to obtain CE marking for their test that enables early diagnosis of pancreatic cancer.
🇫🇮 Finland
Lesslie, the fintech company that builds tools and services for the world’s cross-border businesses raises €1.6m in an oversubscribed funding round, led by Wellstreet.
Kuva Space, the company specialising in hyperspectral satellite technology establishes Kuva Space US in Virginia and have enlisted Jerry Welsh, former CEO of ICEYE US, to run their U.S expansion.
Reveel, the traveltech platform that allows destinations to turn their paper maps into digital guidebooks, secures €650k in pre-seed funding from Inventure and a list of prominent angel investors.
🇳🇴 Norway
OTee, an Industrial Automation (OT) startup secures €1.25m in funding, led by RunwayFBU and Superangel to continue to develop their engineering platform.
Nofence, the startup building the worlds first virtual fencing solution for livestock hires Victoria Allers Wismer as their new VP of Marketing, and Lars Kvaalen, in the position of CFO.
Sparebank1 Nord-Norge has set aside €35m of the bank's dividend for their new, northern Norwegian investment fund.
// “We are in the middle of a global social crisis”
Camilla Bergman, Editor-in-Chief of Impact Loop sits down with Annika Sten Pärson, Co-founder of The Inner Foundation to talk about the work they do investing in social impact companies and her own personal journey getting there. Read more here.
⚒️ Portfolio company at Even Founders are looking for a developer that wants to co-found a company in the B2C space. Reach out to Ana Andonovska (Founder of Even Founders) for more info.
🧪 Uvisa Health are hiring a Senior Freelance Industrial Designer
☕️ Kaffe Bueno are hiring a new Chief Operating Officer/Head of Manufacturing
SAGA Space Architects will be giving a talk at Polestar Space in Copenhagen talking about their biggest ventures, and how they design for space and for earth → 29th February at 4:30pm. Sign-up here.
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 sources themselves! so, feel free to reach out and fill me in on any startup related news in the nordics ✨
yours weekly,
kay