mondayfriday: nordic defense and spacetech fund launches, distance technologies raises €10m + bluetooth inventor secures funding for startup.
TGI(M)F. edition115. 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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🇩🇰 Denmark
Niels Vejrup Carlsen, prev. General Partner at SEED Capital (having been with the fund for 17 years), launches Final Frontier, a new Nordic fund with a focus on space and defence technologies.
Podimo, the subscription-based platform for both podcast and audiobook lovers, has acquired a leading podcast agency and advertising platform, Podads, for an undisclosed amount.
Wolfpack, the startup simplifying expense management by integrating several processes into one platform, raises €1m from a list of business angels.
Logpoint, Europe’s largest Security Information and Event Management (SIEM) vendor, has acquired Muninn, an AI-driven Network Detection & Response technology for an undisclosed amount.
🇸🇪 Sweden
Agate Freimane, GP at Norrsken VC is still “very optimistic” about portfolio company, Northvolt, despite layoffs of 1,600 employees.
Printler, the platform connecting people to art prints from independent artists from all over the world, raises €1.8m from True Global Ventures.
Business-to-Business startup helping companies prevent stress-related ill health through physical activity, PhysAct, raises undisclosed investment from Gorilla Capital.
Avassa, the startup offering a Platform-as-a-Service (PaaS) for managing edge applications and infrastructure across various industries, has closed a new round of funding from H&M Group and including existing investors.
Brainlit, the HealthTech company using light to deliver significant health and well-being improvements (and also founded by Bluetooth inventor Tord Wingren), raises ~€5m in a funding round led by an undisclosed U.S. fund and existing investors.
The B2B company making energy storage and optimisation solutions built on lithium-ion battery technology, Polarium, announces a €49m round from existing investors from the issuing of convertible preference shares.
🇫🇮 Finland
Distance Technologies, the startup developing glasses-free mixed reality apps designed for the automotive, aerospace, and defence markets raises €10m in a round led by Google Ventures.
🇮🇸 Iceland
Games studio and developer, Porcelain Fortress, raises €2.7m in seed funding led by Behold Ventures, Brunnur, and Crowberry Capital.
📦 Limepack are hiring a Head of Commercial for their growing team.
💡 Electricity Maps are hiring a new Designer for Web & Brand.
👾 Shape Games are looking for a new Office Manager.
Nordea Investor Speed Dating: A closed matchmaking event for Nordic high-growth startups and scaleups looking for the right investor → Deadline to apply: 9th of October and event takes place 30th October 2024.
Earthbound Nurture Programme at DTU - Technical University of Denmark for scientists with startup projects that have climate impact potential is still open → Deadline is the 10th of October.
Aarhus Townhall organised by Startup Aarhus → Thursday the 10th October, 5 - 9pm CEST @ Turbinehallen.
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
