Timothy Gilbert

Ovoro team

Ovoro launches AI-powered crypto trading platform to make buying and selling cryptocurrency easy and safe with just one click

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The current state of the cryptocurrency investing market is overwhelming and complicated, with tens of thousands of crypto assets. As the market is fast-paced and running 24/7, keeping up with market development can take time and effort for regular investors. Additionally, due to its high volatility, cryptocurrencies can lose significant value overnight, and the industry …

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New data: 37% of all B2B sales transactions happen outside office hours, according to HeadQ’s digital eCommerce platform

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HeadQ, a Helsinki-based B2B eCommerce platform for complex products and services, has released data showing that 36.7% of all B2B sales transactions happen outside office hours. Research shows that 70% of B2B decision-makers are prepared to spend up to $500,000 on a single e-commerce transaction, and businesses that rely solely on human interaction during office hours …

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Root Signals – Founders

Root Signals raises $2.8M to accelerate GenAI business adoption by having AI watch AI

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Root Signals, a startup based in Helsinki and Palo Alto specializing in generative AI (GenAI) measurement with LLM-as-a-judge techniques, has raised $2.8M. Root Signals helps businesses accelerate GenAI adoption by providing them with enterprise-grade tooling to comprehensively measure, control and monitor LLM applications. The round was led by Angular Ventures, with participation from Business Finland. Root …

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NADMED raises €3.5M to bring NAD tests to international markets, advancing personalized treatment options

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Finnish biotech company NADMED has closed a €3.5M series A round to fund its entry into the U.S. and other international markets with its proprietary nicotinamide adenine dinucleotide (NAD) measurement technology that may help clinicians establish more precise and personalized treatments for various diseases.  The round was led by Finnish science-based startup investor Nordic Science Investments (NSI). Additional …

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Cluby founder Kalle Ek

Restaurant startup Cluby raises €2.9M to enable every restaurant to connect with its customers digitally

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Finnish startup Cluby, whose platform enables every restaurant to connect with their customers digitally, has raised €2.9M seed round from Vendep Capital, Cluby’s co-founder and investor Pekka Koskinen, and food delivery unicorn Wolt co-founder Elias Aalto. The company will use the money to expand across Europe, bringing its expertise and tools to a broader audience. COVID-19 accelerated digitalization in the …

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Kuva Space satellite

Kuva Space awarded €1.8M contract to join the ESA’s Civil Security from Space Program to test rapid hyperspectral insights delivery for civil security and crisis events

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Finnish hyperspectral satellite and AI-powered insights company Kuva Space has been awarded a €1.8M contract to participate in the European Space Agency’s (ESA) Civil Security from Space (CSS) program to provide advanced hyperspectral situational awareness information for monitoring and mitigating civil security and crisis events. Within the three-year R&D program, Kuva Space will test and develop on-board …

Kuva Space awarded €1.8M contract to join the ESA’s Civil Security from Space Program to test rapid hyperspectral insights delivery for civil security and crisis events Read More »

NPHarvest raises €2.2M to fuel its mission to recycle nutrients from wastewater

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NPHarvest, a spin-off from Aalto University, has raised €2.2M to take its proprietary nutrient catcher machine to the market. The round was led by Nordic Foodtech VC, with participation from Stephen Industries and Maa- ja vesitekniikan tuki ry. The round consists of a €1.3M equity investment and a €900,000 grant from the Finnish Ministry of …

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Maria 01 CEO Sarita Runeberg

New startups with experienced founders arise while overall funding falls, Maria 01 Impact Report reveals

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Today, the leading Nordic startup hub Maria 01 has released its latest Impact Report, which measures the social impact of the campus’s startups. The 2023 report shows that while overall funding raised by startups has declined, the number of new startups applying for membership has increased significantly. Additionally, Maria 01 startups and alumni companies surpassed the one billion mark …

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Ville Simola

E-commerce peer community Digital Commerce Finland launches annual summit and award gala

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The eCom Summit & Awards event, to be held in Helsinki in May, will be the biggest annual e-commerce event in Finland. The event will begin with a seminar with prominent speakers such as Anna Carolina Wiklund, Capability Manager from Inter Ikea; Benjamin Lang, North Europe Lead at Shopify; Mikki Inkeroinen, CTO of Marimekko; and Peter G. Jørgensen, co-founder …

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eniferBio mycoprotein poweder

eniferBio raises €11M to make planet-friendly fungal protein from the by-products of food and agricultural processes

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Finnish biotech startup eniferBio has successfully raised an €11M series A funding round. The round was led by the Netherlands-based global aquaculture investment fund Aqua-Spark, with Tesi (Finnish Industry Investment) and Valio, Voima Ventures and Nordic Foodtech VC also joining the round. With the freshly raised funding, the company will begin to scale up the production of its PEKILO® mycoprotein powder to thousands of tons …

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