mondayfriday: worlds first vc fund specialising in geothermal technology platforms, €17m to home alarms startup + an investor database.
TGI(M)F. edition98, week10. 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
After recent €5m fundraise, spektr, the due diligence platform for automated compliance hires Reno Mathews a prev. compliance executive from Citi, Google + Meta as their new Chief Compliance officer.
The Export and Investment Fund of Denmark (EIFO) invests in London-based Ada Ventures’ oversubscribed fund II which will be dedicated to breakthrough ideas across the fund’s three themes: climate equity, healthy ageing and economic empowerment.
AURA Ventures invests in Utiligize, a B2B SaaS scaleup that specialises in solutions for power grid companies.
NitroVolt, the spin-out from Denmark’s Technical University working to decarbonise ammonia production, secures a €750k pre-seed round from BackingMinds.
Gilion(prev. Ark Kapital) have mapped out a database over 2.500 investors and funds across the global ecosystem in over 50 countries to help founders navigate raising their next round.
🇸🇪 Sweden
Breakits’ list of the 500 most important tech investors coming out of Sweden including VCs, family officers and angels - partially compiled into a LinkedIn post by Livia Moore at Antler.
The Inner Foundation announces an investment in MANUAL, as part of their thematic investment area of Uplifting Emerging Adult Men.
Asgard Therapeutics, a biotech company specialising in in vivo direct cell reprogramming for cancer immunotherapy secures a €30 million series A round co-led by RV Invest and Johnson & Johnson Innovation.
Micromobility company, Voi Technology, raises €23m in an oversubscribed financing round and has secured additional debt financing for vehicles from existing shareholders.
Younium, a “subscription hub for b2b companies” raises an additional €2.7 million in funding led by existing shareholders.
🇫🇮 Finland
Sooma, the startup pioneering a novel depression treatment with their wearable cap that transmits electric currents to the brain, raises €5m led by Voima Ventures.
Employee engagement platform, Teamspective, raises €900k in seed funding led by a list of angel investors, including Sammeli Sammalkorpi, CEO and Co-founder of Sievo.
🇳🇴 Norway
Spinchip Diagnostics, a medtech company building a next-generation point-of-care platform for in vitro diagnostics raises €9.9m from bioMérieux.
Homely, the company offering an affordable alternative to home alarms raises €17m from their largest existing shareholders including Schibsted, Rasmussengruppen and the founder himself, Nadir Nalbant.
// world's 1st VC fund specialising in geothermal technology platforms launches
Torsten Kolind announces the launch of a new fund he co-founded alongside Joachim Ante, prev. Co-Founder & ex-CTO at Unity Technologies. The fund, Underground Ventures, will deploy $40m in early-stage geothermal tech startups over the next 3-5 years, with the goal to support and advance fossil-free geothermal energy globally. Read more here.
🚲 Donkey Republic are hiring a new Head of Marketing.
🧦 Organic basics are hiring a Customer Service Specialist.
🏕 Outinspire are hiring a Commercial Lead, Co-founder for their team.
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 🎉)
Startup Aarhus’ VC-Series is back with Crowberry Capital → March 19th, 15.00-17.00 at Founderment HQ.
Even Founders x Nordic Makers pitch event targeting female founders with a chance to secure investment between €500k - €1m → April 17th, 4:30pm.
Diversify are hosting The Pre-Summit Nordic Roadshow: local ‘mini-conferences’ taking place in Helsinki (April 11) → Stockholm (April 26) → Copenhagen (June 12).
Voices of Tomorrow: Possibilities and Challenges of Voice AI hosted by Women in AI Denmark → Wednesday, March 20 3:30 - 7pm CET @ Trifork, 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