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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

Lithuanian toy subscription service Liledu secures €125k from FIRSTPICK VC

Vilnius-based toy subscription service Liledu has secured €125,000 in a funding round from FIRSTPICK VC and angel investors. The funding will help to propel the startup’s growth and enable the testing of its services in new markets, Vilnius TechFusion reports.

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

“Drones are sexy, but logistics, medical care, software, and communications are crucial.” Interview with Mathias Eklöf, investor in Ukraine’s startups

Ukrainian and European defense tech ecosystem is currently on the rise. In the past two years, a lot of great defense or dual-use-oriented startups have sprung up, however, they still lack structure and organization. Furthermore, the ecosystem right now is

Eliq secures €10M in funding from Czech Inven Capital for its energy-saving solution

Swedish software company Eliq has announced the securing of a €10 million in a growth round. The financing combines capital from existing investor Inven Capital with new investors, Axpo and Valkea, and will be spent for the startup’s further expansion.

US-Bulgarian startup LucidLink raises $75M in Series C funding

US-Bulgarian cloud storage startup LucidLink has raised $75 million in Series C funding, the biggest round for Bulgaria in 2023 and one of the largest in CEE, the Recursive reports. The lead investor this round is Brighton Park Capital, with

Austrian Impact.AI announces a €1.5M pre-seed funding

Linz-based startup Impact.AI has announced the closure of €1.5 million pre-seed funding round for the development of its modular AIProductOps platform. The investment saw participation from Austria Wirtschaftsservice (aws), FFG Österreichische Forschungsförderungsgesellschaft mbH, and several angels. “Impact AI is transforming

Ukraine’s Flyer One Ventures joins $1M round for AI-powered sales tech Scalestack

New York-based Scalestack, the AI-powered data enrichment, prioritization & activation platform for RevOps, has raised $1 million for further expansion. One of the leading investors, Flyer One Ventures shares with AIN.Capital the deal details.  “No one should spend their time

60% of European VCs are currently fundraising — Sifted

In the first nine months of 2023, European VCs raised €13.9 billion. According to a recent survey made by Sifted, a majority of VCs have spoken to over 100 LPs in the past two years about fundraising. Approximately 56% of

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