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Finland’s ecotech startup Fiberwood raises €7.7M in growth investment

The Järvenpää-based eco materials technology startup Fiberwood has raised €7.7 million in a growth investment round from existing investors Metsä Spring and Stephen Industries. The company plans to enter a commercial phase with the aim of international growth for its ecological building insulation

Finnish biotech Enifer closes a €36M Series B round to build its mycoprotein factory

The Espoo-based biotech company Enifer has announced the closure of a €36 million funding package to start constructing a food-grade mycoprotein factory in Kirkkonummi, Finland. The Series B funding round includes a €15 million round led by the Finnish private equity

Techosystem launches a Venture Investment Committee. It is headed by Andrew Zinchuk

Techosystem, a civic union that unites all technology market players in Ukraine, has created a Venture Investment Committee. The launch took place on May 21. The union announced the news to AIN.UA. This committee will be responsible for the implementation

Hungarian Parkl raises €4M from Lead Ventures

Budapest-based Parkl has raised €4 million in a funding round led by Lead Ventures. The startup will use the investment to support the scaling of its digital mobility service. The deal details: The leading investor in the round is Lead Ventures, a

Lithuanian startup Evergrowth mergers with Apolo

Vilnius-based Evergrowth, a startup specializing in AI-driven B2B sales solutions, has merged with Apolo that focuses on AI-powered personalized marketing. The merger aims to integrate Apolo’s advanced AI technologies into Evergrowth’s platform. About startups The process of merger: After the merger Apolo’s team

group.one acquires Slovak web hosting company Webglobe

group.one, a provider of digital services and cloud hosting, has announced the acquisition of a 100% stake in the Bratislava-based Webglobe, the web hosting company. The sellers are Webglobe founder Igor Strečko and investment fund from the portfolio of Sandberg

UK and Finland-based Reactive Technologies raises £25M in a Series D round

Reactive Technologies, a UK and Finland-based company in grid stability measurements, has announced the raising of a £25 million ($31.4 million) Series D funding round. The investment was led by M&G’s Catalyst. It will support Reactive’s global expansion and recruitment

Austrian startup Silana raises €1.5M to bring robotics to fashion industry

Silana, a Vienna-based startup that develops sewing robots, has raised €1.5 million in an investment round led by SOSV, with participation from OÖ HightechFonds, Material V, and others. The investment will accelerate development and delivery of the first machines in 2025. We

Startup of the Day: Byne, a Ukrainian Developer Tools startup

Co-founded by Borys Nadykto, Andrii Yakovyna, and Denys Budnyk in 2022 as a volunteer project, Byne aims to help companies develop enterprise-grade LLM applications by providing simple output verification and on-premise AI deployment. The startup is officially registered in Great

London-based startup Haz secures €1.2M in a pre-seed funding. Reface’s co-founder and Speedinvest are among the investors

Haz, a London-based startup offering an AI-based social commerce app that connects friends, has secured €1.2 million in a pre-seed funding led by Speedinvest with participation from the co-founder of Reface, Dima Shvets, and many others. The funding will be