mondayfriday: reel lands €5m investment, gamified food education for kids and world’s first large-scale green steel plant 🌱
TGI(M)F. edition 92, week 04. 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
Next-generation electricity supplier, Reel, lands €5m investment led by Transition, with participation from existing shareholders.
Coana, the cybersecurity company filtering through the noise to identify vulnerabilities that are a genuine threats raises a €1.7m pre-seed round of led by Sequoia Capital
Angel Investor and founder of JobIndex, Kaare Danielsen, has invested in Medtech company improving brain health, OptoCeutics (paywall).
See EU Startups’ “Denmark’s rising starts: 10 innovative startups you must keep an eye on in 2024 and beyond!” list
WARD 24/7, the AI-based patient monitoring technology, achieves CE marking and secures €3.4m in funding from investors including Innovestor, Sagitta Ventures, and (EIFO).
Provider of actionable data insights for fintech companies, Safty, raises €1.5m in a round led by Upfin VC and welcomes Jacob Dahl on as Chairman of the Board (paywall).
🇸🇪 Sweden
Enqlare, the company specialising in optimising bulk freight workflows in the maritime industry, raises €500k in a round led by Motion Ventures.
H2 Green Steel raises over €4 billion in debt financing for the world’s first large-scale green steel plant.
PropTech platform with a digital security solution for landlords and tenants, HOMITO, announces a €423k fundraise from venture studio, Levels.
Other raises: Acorai (€3.7m), Qvalia (€4m) + Office Recycling.
🇫🇮 Finland
Vegemi, the food education startup gamifying inadequate fruit and vegetable intake for kids, raises €500k in funding from prominent investors, including Stefan Lindberg, Sophia Ehrnrooth + Matti Kukkonen.
Semiconductor technology startup Chipmetrics Ltd closes a €2.4m in seed round led by High-Tech Gründerfonds (HTGF) and co-led by OCCIDENT.
CardioSignal, the company using smartphone motion data to detect various heart diseases raises a $10M series A funding round led by DigiTx Partners.
🇳🇴 Norway
Skanska, one of the world’s largest development and construction companies buys a 5% share in Virtualhouse, the startup using simulation technology to support pre-construction processes.
bp enters strategic partnership with CHOOOSE, the B2B climate integration platform, to make it easier for airlines to plan for and to execute on their CORSIA obligations.
Calluna Pharma, the company developing therapies for inflammatory and fibrotic diseases secures €75m in series A funding led by Forbion.
// Pragmatism vs Idealism in ClimateTech
Hampus Jakobsson, GP and Co-founder of Pale Blue Dot, speaks to Pascal Mies on the Tech and Trees podcast about all things evening routines to ClimateTech malpractice. Catch the episode here.
// Kost Capital raising inaugural fund to invest in European food tech startups
General partner at Kost Capital, Bodil Sidén, speaks to TechCrunch following their recent announcement of the first close of a €25m fund. They get into Kost Capital’s investment thesis and plans for the fund and Bodil’s own journey into venture, and dedication to societal change. Read it here.
💐 Memmora is hiring for a Chief Marketing Officer.
☁️ Onomondo are hiring a Platform Engineer.
⚡️ Reel are looking for a Head of People and Culture.
“1 Million DKK AI Pitch Competition” from Talent Garden and Pioneer AI → February 8th. Apply to pitch HERE + join the event HERE.
Emerging Markets - Unfolding FemTech event as part of Startup Aarhus’ Diversity Week 2024 → Feb 8th, 15:30 - 17:30 @ KPMG in Aarhus.
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