Countries - page 13

Startup of the Day: Broswarm, a Lithuanian defense tech 

Broswarm is a Vilnius-based defense tech startup focused on mine detection which was founded in 2023 by Ernestas Žvaigždinas, Karolis Žvaigždinas, and Mindaugas Talaikis. The startup leverages a multisensor fusion technology aiming to increase the speed, safety, and efficiency of demining operations.

“Our great goal is 30 new unicorns.” ZAS Ventures to develop its own syndicate and defense tech investment platform. Interview with Andrew Zinchuk

ZAS Ventures increases its activity in Ukraine using its investment company and syndicate as core investment sources. The venture group has recently launched a new consulting service with paid deal flow access for subscribers and analytics for investors. Not long

Estonian SmartCap changes investment focus for its Green Fund

The Estonian fund management company SmartCap has announced the updated terms of its Green Fund Direct Investment Program. The changes will increase the amount of investment in a single company and shift the focus to startups in the late stages.

Startup funding in Finland showed record amounts in 2023 – FVCA study

Finnish startups raised a total of €871 million in growth funding in 2023. This marked a decrease of about half compared to the preceding year’s record-breaking €1.7 billion. However, despite the challenging market conditions, Finnish venture capital funds managed to

Ilya Boshnyakov becomes the regional director of Viber in Ukraine

Rakuten Viber has informed AIN about the recent appointment of Ilya Boshnyakov, the former owner of AIN, as regional director in Ukraine. Previously, Atanas Raykov from the office in Sofia, Bulgaria, was responsible for the role. Ilya will be responsible

Finland’s Alvar Pet acquires Verkkokauppa Kivuton, an online pet health store

Helsinki-based pet food brand Alvar Pet has acquired Verkkokauppa Kivuton, an online store focusing on pet health, while partnering with Juuri Partners, a Finnish growth investor. The acquisition allows Alvar Pet to combine its expertise in pet nutrition with Kivuton’s focus on

Finnish automotive AR company Basemark raises a €22M investment

Basemark, a Helsinki-based provider of automotive AR software for cars, has raised €22 million in Series B funding. The round was led by ETF Partners with participation from Tesi, Constructor Capital, Business Finland, the European Innovation Council and private investors. About Basemark Investment details

Estonian cleantech Elcogen closes an over €140M investment round

Elcogen, a Tallinn-based clean energy technology company, has announced the closure of its €140 million investment round that will accelerate its expansion. The round includes more than €24 million in equity investments from Hydrogen One Capital Growth plc, HD Hyundai,

Clutch announces Top 100 Fastest-Growing Companies for 2024. 26 are from CEE

For the fourth year in a row, an American research company Clutch has published a rating of Top 100 fastest-growing companies on its platform. These companies showed the highest revenue growth rates from 2022 to 2023. This year’s list included

Swedish startup Ironic Biotech raises €1M led by Finland’s Nordic Foodtech VC

Swedish biotech startup Ironic Biotech has closed a pre-seed funding round of €1M, led by Nordic Foodtech VC. The company will use the funds to develop new ways to help 2 billion people suffering from iron deficiency and anemia. New ingredients