Countries - page 40

Siena Secondary Fund buys a stake in Ōura Ring

Tallinn-based venture capital Siena Secondary Fund has bought a secondary stake in Ōura Ring, a Finland-based healthtech scaleup renowned for its smart ring technology. This acquisition brings new opportunities for the scaleup’s growth, ArcticStartup reports. “We are thrilled to be part

Finnish Kamupak and Swedish &Repeat announce the merger

Kamupak, a Helsinki-based provider of reusable packaging solutions, has announced the merger with Swedish impact tech startup &Repeat. With the merger, the new company will strengthen its capabilities to help the restaurant industry meet the new upcoming EU regulations. About

Business Angels Fund exits Energia Futura, a Lithuanian solar energy company

Lithuanian Business Angels Fund has announced the exit from Energia Futura, the Kaunas-based provider of professional solar energy solutions. According to the fund, the investment has fully fulfilled its mission. “We very much appreciate the Business angel, who joined us in

Dutch-Estonian fintech Change is acquired by Andromeda Capital

Change, a fintech company founded by the Dutch and Estonian entrepreneurs, has been acquired by Andromeda Capital, a Swiss private equity firm. The majority stake acquisition will support the company’s global expansion plans, Tech.eu reports.

Startup of the Day: Indonesian fintech Finfra, founded by two Baltic natives

Indonesia-based Finfra, the one-stop shop for companies, was founded in 2022 as a consumer lending company. The startup enables under banked businesses and non-financial digital platforms to embed financial products and services, particularly credit lending, into their distribution channels. In 2021,

Finnish startup Return Entertainment secures investment from Samsung Next

Helsinki-based gaming studio Return Entertainment has announced a newly secured investment from Samsung Next. The funds will support the company on its mission to reinvent gaming with cloud-native technology, Arctic Startup reports. “I feel privileged to take the helm of

How Ukrainian e-gov service Diia was created. Interview with Mstyslav Banik

Over the past few months, the Ukrainian service Diia has been much discussed regarding exports: several countries are considering implementing the service. Diia app was launched in Ukraine in 2022. It provides Ukrainians with ID documents, allows them to register

Finland’s Comptek Solutions secures €8M in Series A funding

Tukru-based Comptek Solutions has secured €8 million during a Series A funding round aimed at driving growth in customized passivation. The round consists of equity investments from the Horizon Europe EIC Fund and LIFTT S.p.A., key strategic partners in the

Ukrainian fund Flyer One Ventures outperforms the EU market by at least 50%

Vital Laptenok, General Partner at the Ukrainian VC firm Flyer One Ventures, shared the fund’s performance results. According to Vital’s LinkedIn post, the fund’s returns are much better than the average returns in Europe. “I’m extremely proud of our startups and

Finnish startup Spinnova receives €1.9M in a grant from Business Finland

Finland-based sustainable material startup Spinnova has received a €1.9 million grant from Business Finland. The funding will help the company to develop the technology that converts materials like wood and waste into textile fibres without the use of harmful chemicals, Arcticstartup