Category: Social
-
Onego Bio raises 40 MUSD
(Helsinki, produces animal-free egg protein via precision fermentation): Has raised 40 MUSD in a funding round led by NordicNinja VC with founding member Claes Mikko Nilsen. Tesi, EIT, Agronomics, Maki.vc, Holdix, Business Finland and Turret also participated. Onego Bios Series A funding round is one of the largest A-rounds lately in the Nordics, bringing the company’s total funding to 56 million USD.
-
Telness Tech raises 50 MSEK
(Stockholm, an automated digital telco enabler): Has raised 50 MSEK in a funding round from JCE and Industrifonden with member Peter Wolpert. “You could call us the Shopify for telecom. In five years, we will truly be an established global software player and present in many markets around the world,” comments Martina Klingvall.
-
TOP STORIES AROUND THE WORLD
🇺🇸 💰 Amazon makes its largest external investment ever in the AI company Anthropic, investing $2.75 billion. Anthropic, seen as a leader in generative AI, has now received a total of $4 billion from Amazon. 🇪🇺 🛴 The merger between e-scooter companies Tier and Dott is complete, creating Europe’s largest operator with an estimated revenue of over 250…
-
DREV raises 8 MSEK
(Gothenburg, specializes in manufacturing contamination control solutions for battery factories and its value chains): Has raised 8 MSEK in a funding round from Unconventional Ventures with members Nora Bavey and Thea Messel. “DREV’s innovative approach to battery manufacturing safety and material recovery will not only redefine industry standards but also make a significant impact on environmental sustainability,” comments Nora Bavey.
-
Terra Labs raises 45 MSEK
(Stockholm, develops technical solutions based on satellite data and AI for monitoring and analysis of land, as well as related activities): Has raised 45 MSEK in a funding round from Norrsken. Early investors include founding member Jacob de Geer. Terra Labs was valued at 245 MSEK in the round.
-
Agteria Biotech raises 16 MSEK
(Stockholm, a novel patent-pending molecule with a 70% efficiency in reducing methane from burping and farting cows): Has raised 16 MSEK in a funding round from Norrsken Launcher with members Erik Engellau-Nilsson, Fredrik Jung Abbou and founding member Ash Pournouri alongside Mudcake with member Anna Nordell Westling and founding member Erik Byrenius. “In my seven years at Norrsken, I have not seen a single case that…
-
Dema.ai raises 70 MSEK
(Stockholm, a platform delivering actionable insights for eComm businesses to achieve profitable growth): Has raised 70 MSEK in a funding round from Daphni, J12 and early investors including members Erik Segerborg, Kim Fai Kok and founding member Ash Pournouri. “The e-commerce industry is undergoing fundamental changes, and we want to continue to be at the forefront with the latest technology and lead…
-
Arevo raises 6.6 MUSD
(Umeå, precision nutrition products that enhance plant growth while minimizing nitrogen waste): Has raised 6.6 MUSD in a funding round from Navigare Ventures, Fort Knox, Stora Enso, Kempestiftelserna, and Industrifonden with member Peter Wolpert. “Our initial focus will be on Europe, where there is a critical need for scientifically proven climate innovations that benefit farmers,” comments Niklas Åström.
-
TOP STORIES AROUND THE WORLD
🇳🇴 💰 Norway’s government is criticized for damaging the country’s startup scene through its tax system, especially after the introduction of a new exit tax of over 30%. This tax affects entrepreneurs who leave the country after they have taken in funding, regardless of personal profit from the company. Read more about the new tax here. 🇺🇸 🚀 The forum…
-
Southern Lights raises 18 MSEK
(Stockholm, software solutions to unlock the development of green hydrogen projects): Has raised 18 MSEK in a funding round from Greencode Ventures, Wepa Ventures, and BLING Capital with members Deqa Abukar and Adnan Yousuf. “SaaS solutions for energy are crucial in the fight against climate change, and we are perfectly positioned in terms of timing with the perfect team and expertise to…