mondayfriday: candela's largest round yet (€25m), better gender parity results in iceland + it's the 100th edition!
TGI(M)F. edition ONE HUNDRED 🎉🎉🎉🎉🎉🎉, week12. 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.
📍 do you have questions about sponsorships and/or want to share some exciting news with the community?
contact me here: kaymichelsen@hotmail.com 💌
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📍 1 day late b/c: holidays!
and dw, there aren’t any april fools jokes in this issue so you don’t need to read with extra care + critical thinking 🎉🎉
🇩🇰 Denmark
Scaleup Finance, the fintech helping startups to streamline financial planning and analysis raises a €7.4m pre-series-A round led by Inveready and including Crowberry Capital.
Clause Out, the startup making it more accessible for everyday citizens to influence public policy in democratic governments, raises funding from Antler.
PatentRenewal, the startup offering a digital platform that automates your renewals, raises €1m in funding from EIFO to strengthen its IP management solutions.
Shape Robotics, the company developing robots and digital solutions for educational use, raises €4.8m through an oversubscribed issuing of shares.
The guide: a comprehensive overview of the Danish startup ecosystem in 2024 by TechSavvy + Heyfunding.
🇮🇸 Iceland
Digital identity company Signicat, acquires Iceland-based SmartWorks to combat digital fraud and identity theft.
Northstack reports a drop in funding in Iceland in 2023, but the amount of capital invested in mixed-gender or women-only teams grew by a collective 13%.
🇸🇪 Sweden
Swedish food company, Protos, and biotech company, Volta Greentech, are scaling up their collaboration with methane-reducing feed additives, to make Proto’s brand, Smak av Gotland, the most climate-friendly choice of beef in Sweden.
DREV, the cleantech company specialising in manufacturing contamination control solutions for battery factories raises a €700k pre-seed round from Unconventional Ventures and a list of angels.
Candela, the electric vessel manufacturer specialising in hydrofoil electric boats and ferries, secures their largest funding round with €25m, led by Groupe Beneteau, along with EQT Ventures and others.
Agteria Biotech, a company developing biotech solutions that reducing methane emissions from livestock, has raised €1.4m in a pre-seed funding round led by Norrsken Launcher.
Arevo AB, the biotech company specialising in precision nutrition products that enhance plant growth, secures €6.6m in funding led by Industrifonden.
🇫🇮 Finland
Cash rewards app, Benjamin Capital Partners, raises €5m in a seed round led by prominent gaming investors Play Ventures & F4 Fund (and others).
💫 Nordic Makers have compiled all the open positions in their portfolio companies into one slick spreadsheet: https://lnkd.in/d5Yr4Spn
🍅 REDUCED are hiring a Marketing Manager.
💸 Angella Invest are looking for an Education and Community Manager.
GIVEAWAY: A chance to win 1 ticket to the Proptech Symposium 2024 on May 13th in Copenhagen. Fill out the form here (the lucky winner will be contacted on April 12th 🎉)
Nordic Women in Tech Awards: Nominate professionals in the tech industry from across the Nordic region 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