Countries. Finland - page 6

Finnish medtech Sooma secures €5M led by Voima Ventures

Sooma, a Helsinki-based provider of brain stimulation treatments for psychiatric and neurological disorders, has announced its new funding of €5 million led by Voima Ventures. The investment will be used to accelerate Sooma’s product development and continue the company’s expansion

Finnish fashion tech company Infinited Fiber raises €27M in a development financing round

Infinited Fiber, a Finnish fashion technology company, has announced a €27 million. The round completes a two-part development financing round totaling €40 million backed by Inditex Group, TTY Management, Youngone, and Goldwin, as well as existing investors. About Infinited Fiber

Finland’s NordicNinja co-leads $24M round for Griffin, UK’s banking platform

Griffin, a London-based full-stack Banking as a Service (BaaS) platform, has announced a $24 million Series A investment round led by Finnish VC firm NordicNinja, MassMutual Ventures, and Breega. The capital will help scale the bank and enhance its infrastructure for

Finland’s Kvanted leads €2M investment in Danish SynergyXR

Danish startup SynergyXR has secured a €2 million investment from the newly launched Finnish investor Kvanted. The capital injection will support the development of the the startup’s XR-driven industrial transformation solution. In today’s dynamic digital landscape, transformation is not just about

Nordic Science Investments launches university-focused €60M fund

Finland’s Nordic Science Investments (NSI) has announced the first closing round for its €60 million fund. The fund will be used to provide growth capital and support to the deeptech spin-out startups from universities across the Nordics. Nordic universities constantly

EIC Accelerator invests €285M in deeptech startups — several are from CEE

European Innovation Council has selected 42 companies to receive funding following the final 2023 EIC Accelerator cut-off in November. Among selected startups are Bulgarian Smart Farm Robotix, Finnish IQM Finland, Slovakian Powerful medical, and more. About the fresh EIC Accelerator program 242

Finnish Boksi acquires the influencer, a German marketing agency

Helsinki-based company Boksi has announced the acquisition of the influencer, a German marketing agency. The acquisition will help to expand Boksi’s efforts to Central Europe. The amount was not disclosed. Joining forces with the influencer is a big step for us.

Startup of the Day: Koite Health, a Finnish healthtech startup

Koite Health is an Espoo-based health technology company co-founded by Sakari Nikinmaa and Tommi Pätilä. The startup offers Lumoral technology, a medical device based on light-activated antibacterial solutions for treating and preventing oral diseases. In 2023, Lumoral has been launched in Germany, Italy,

Finland’s Desentum raises €12M to advance allergy vaccine development

Desentum, a Finnish biopharmaceutical company, has raised €12 million in a funding round led by an investment service company Springvest Oyj. Desentum intends to use the fresh capital to continue clinical development and preclinical testing of various allergy vaccines. We have