mondayfriday: migraines, a €145m investment round, sustainable highchairs 🍼
TGI(M)F. edition 91, week 03. 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 💌
🇩🇰 Denmark
Software platform tackling financial crime, Avallone.io, announces they’ve added another €1.7m to their seed round, now totalling in €3.7m backed by PreSeed Ventures and several private investors/family offices.
Profound Partners A/S acquires 25% stake in leading compliance software, Impero - Compliance. Simplified.
Biotech company, 21st.BIO, joines forces with German AMSilk to support the transition from laboratory-scale to large-scale industrial biotech production.
Hemi Health, the startup taking on headaches and migraines raises €2.1m from Crowberry Capital, Alliance VC, Sondo Capital, Founders and the Sequoia Scout Program.
Vær Upcycled (Be), Go Doggo and The 0-Mission awarded €10.000 euros each in Visa’s She’s Next grant program.
🇸🇪 Sweden
Sofie Nordström, the co-founder and deputy CEO of Quizrr, secured a spot on Forbes' 50 over 50 list for 2024.
"Heat-pumps-as-a-service" company, Aira, raises a €145m investment round to wean Europe off of gas, led by Altor, Kinnevik and Temasek.
Battery manufacturing giant, Northvolt, has secured a €4.6b loan from 23 commercial banks to expand their factory in Sweden.
The company giving new life to construction material, RECOMA, has just secured a strategic investment from Kiilto Ventures
Fashion supply chain traceability startup, TrusTrace, raises an investment round of €22m led by Circularity Capital and joined by existing investors.
🇫🇮 Finland
The drug delivery and development company, DelSiTech, secures €10m in latest financing round with new investors DRW Venture Capital LLC and Tolmar International Ltd leading the way.
Niimaar Circular Design, Mö Foods, and Keloa Eyewear awarded €10,000 each in Visa’s She’s Next grant program.
🇳🇴 Norway
See the 10 startups that pitched at the Demo Day as part of the Investinor's Venture Conference in Trondheim.
Read about Mette B. Hansen and Gineline Kalleberg, the duo building KAOS and launching the “world’s most sustainable children’s chair” (in Norwegian - google translate!)
// In 2023, Danish health-tech startups raised a staggering $835 million
Cate Lawrence, a Senior Writer at Tech.EU, sheds a spotlight on Denmark and why it’s become a hotbed for health-tech startups and innovation. Citing the digital-first approach, a vast network of active investors (international and local), a robust startup ecosystem and a strong private tech sector, Denmark has become a country where health-tech startups can thrive. Read more here.
🗺 Holdbar are hiring for several roles including a Web Lead and Data Engineer.
🍅 REDUCED are looking for several new employees including a Procurement Specialist and a Global Marketing Manager.
⚽️ Tonsser are hiring a new Ruby on Rails Developer.
VERY last minute, but if you’re quick: Danmarks Erhvervsfremmebestyrelse are offering grants of up to DKK 2.5m to support local events that bring together ecosystem actors, and larger events that help to brand the Danish ecosystem. Deadline is Monday. Find out more.
With support from the Vissing Foundation, Venture Cup launch their national platform for grant applications where startups and organisations that are working within sustainability can apply for soft funding. Apply 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