Countries - page 27

Finnish Carbo Culture receives $18M in Series A round for its carbon removal solutions

Helsinki-based Carbo Culture has received a $18 million investment to commercialise and deploy its carbon removal technology. The round was co-led by GenZero and True Ventures. “With this new funding, we are excited to accelerate our journey, expand our operations, and continue to innovate in

Siena Secondary Fund acquires a stake in Estonian energy storage company Skeleton Technologies

Siena Secondary, Tallinn-based VC fund focused on startups from the CEE & Nordics, has acquired a stake in Skeleton Technologies. The deal details were not disclosed. “As we move towards a more sustainable future, Skeleton Technologies’ cutting-edge solutions will play

Ukraine’s defense tech cluster BRAVE1 to invest $39M in startups in 2024. How is it working

BRAVE1, a defense tech coordination platform, has awarded 84 defense tech grants worth $1.53 million. The platform plans to finance Ukrainian startups with more than $2 million by the end of 2023. The budget for 2024 reaches more than $39

Finnish entrepreneurs launch Failup Ventures with €30M initial closing

Failup Ventures has announced the first €30 million closing of its new early-stage fund of €50 million. The fund aims to invest in US and Nordics based pre-seed and seed stage startups. “We are thrilled to launch Failup Ventures as

Finnish Aiven, an open-source cloud data platform, acquires EverSQL

Aiven, a Helsinki-based open-source cloud data platform, has announced the acquisition of EverSQL, a database optimization software vendor. This acquisition aims to integrate EverSQL’s capabilities into Aiven’s platform. “In the first half of 2024, we will offer customers several new

Finnish company Linio Biotech raises €4.2M investment round

Helsinki-based biotech growth company Linio Biotech has raised €4.2 million in a fresh investment round to help commercialise its injectable tissue product worldwide. The round brings the company’s total funding to over €9 million, EU-Startups reports.

Solar Foods, Finland’s sustainable foodtech startup, raises €8M funding round

Helsinki-based Solar Foods that specializes in sustainable food solutions, has secured €8 million in its debut funding round from retail investors in Finland through Springvest Oyj. The investment will help to accelerate its product expansion at their inaugural commercial-scale facility, Factory 01. “We

Startup of the Day: Estonian cleantech Efenco

Efenco develops Cold-Plasma-Assisted Carbon Neutral Combustion technology for industrial heat production. The startup claims that its HERC technology slashes CO2 and fuel costs by at least 18% in energy-intensive industries. Recently, Efenco, received a €4.5 million in funding. Currently, Efenco

Mebster, FRONTIER, and WakeZ are among the winners of EIT Health InnoStars 2023

Recently, the EIT Health InnoStars Grand Final of 2023 was held in the city of Milan. Seven finalists were announced as the recipients of smart money to launch or develop their healthtech-dedicated products during several stages of the competition. Romanian

Latvian startup and VC Ecosystem overview — Vestbee report

There are more than 500 startups headquartered in Latvia. However, only 360+ of them are registered in the official database of the Latvian Startup Association. And the amount of VC funding provided to these companies is pretty low in comparison