ArcticStartup

Voima Ventures closes €100M+ Fund III to power Nordic and Baltic deeptech Voima Ventures has closed its €100M+ Fund III, focused on supporting early-stage science and deep tech startups across the Nordic and Baltic regions. The fund plans to invest in 25-30 companies, with initial investments ranging from €200,000 to €3 million, prioritizing innovations in fields like life sciences, energy, food, and advanced AI. Backed by institutions such as EIF, Tesi, and Saminvest, the fund emphasizes sustainability through its Article 8 compliance under the EU’s Sustainable Finance Disclosure Regulation. Voima has already allocated capital to eight startups, including ventures addressing sustainable fats, carbon-neutral aviation fuel, and pharmaceutical protein optimization, aiming to bridge the gap between research and market-ready solutions. https://lnkd.in/dMUwWfvP #nordicmade #finland #venturecapital #vcfunds #startups #funding #deeptech #trending

Iceland’s DTE strengthens leadership with Auður Árnadóttir as new CFO DTE, a Reykjavik-based company in digital transformation for the aluminium industry, has appointed Auður Árnadóttir as Chief Financial Officer. With extensive experience in financial leadership roles across industries such as biotech and renewable energy, Auður brings critical expertise in strategic growth and operational efficiency. Her background, including overseeing complex funding initiatives and scaling operations, aligns with DTE’s goals as it expands its proprietary LP-LIBS™ technology for real-time chemical analysis of molten metals. This appointment marks a significant step in strengthening DTE’s financial strategy amid its growth in the global metals production sector. https://lnkd.in/d7d-6_VA #nordicmade #icemade #iceland #startups #trending

Series D round elevates Finnish company to $5.2B, expands AI-driven health solutions ŌURA, a leader in wearable health technology, has raised $200 million in Series D funding, increasing its valuation to $5.2 billion. The round saw participation from Fidelity Management & Research Company and Dexcom, a global glucose biosensing firm. The funding will support ŌURA’s development of AI-powered health features, global expansion, and potential acquisitions. The company, which has sold over 2.5 million Oura Rings, continues to focus on health monitoring advancements, including sleep, stress, and metabolic health, and has recently grown its presence through retail and strategic partnerships in healthcare and defense sectors. https://lnkd.in/dr8J_7Sb #funding #nordicmade #finland #wearables #startups #trending

Swedish startup grabs $3.5 million to make preventive healthcare accessible Stockholm-based health tech company Corsmed has raised $3.5 million in seed funding from Luminar Ventures and Big Pi Ventures to further develop its groundbreaking MRI (Magnetic Resonance Imaging) technology. Corsmed’s software reduces MRI scan times from the traditional 45 minutes to just 2-3 minutes while improving diagnostic precision. The funding will accelerate product development and regulatory approval as the company aims to integrate its technology into routine healthcare practices globally https://lnkd.in/dJbQRkqD #nordicmade #sweden #funding #medtech #healthtech #edtech #edutech #saas #startups #trending

Swedish startup secures €4.2M to make patents more accessible for small businesses Lightbringer, a Lund-based legal tech company founded in 2023, has raised €4.2 million in a funding round led by Luminar Ventures and Alliance VC, with additional contributions from Zenith Ventures and several Nordic angel investors. The company offers an AI-powered platform designed to simplify patent protection for small and medium-sized enterprises (SMEs) and startups. By using AI to streamline the process, Lightbringer aims to make intellectual property management more affordable and accessible to businesses that typically find it complex and costly. The raised funds will support the development of the platform and help expand its presence, particularly in the U.S., a key market for patents. https://lnkd.in/dPAE8hdh #nordicmade #sweden #funding #legaltech #startups #trending

Swedish companies collaborate on eco-friendly shoe fresheners with 50% lower CO2 footprint Swedish Adsorbi, SmellWell and Icebug AB have formed a partnership to develop Freshener Inserts, a new product designed to reduce the environmental impact of shoe deodorizers. The inserts are made from cellulose derived from Nordic wood, offering a sustainable alternative to traditional odor removers like activated carbon. Adsorbi, a greentech startup founded on research from Chalmers University of Technology, provides the innovative cellulose material, which generates 50% lower CO2 emissions compared to activated carbon. The Freshener Inserts will be sold through Icebug’s online store and selected retailers. This collaboration underscores the growing focus on sustainability within Swedish innovation, combining research-driven solutions with eco-conscious consumer products. https://lnkd.in/dKVNe5AU #nordicmade #sweden #partnerships #community #sustainability #startups #trending

Finnish Orijin secures funding after Arctic15 success to boost coffee & cocoa sustainability Orijin, a B2B SaaS company transforming agricultural supply chains, has secured strategic funding from Brainforest Association and Gorilla Capital to advance sustainability in coffee and cocoa production. Armed with cutting-edge tools for traceability, compliance, and environmental protection, Orijin empowers producers to meet stringent standards like the European Union Deforestation Regulation (EUDR). The company’s innovative approach earned it second place at Arctic15 Pitching Competition, the Nordic region’s prestigious startup competition hosted by Finnish Business Angels Network (FiBAN), where it outshone over 180 competitors. Orijin plans to leverage the funding to enhance its technology, expand its global footprint, and empower smallholder farmers and agribusinesses with sustainable solutions, paving the way for a greener and more equitable agricultural future. https://lnkd.in/dS77hEJa #nordicmade #finland #funding #foodtech #startups #cocoa #sustainability #trending

Finland’s Nordic Bioproducts Group forms Southern European partnerships to expand MCC supply Nordic Bioproducts Group Ltd (NBG), a Finnish manufacturer of Microcrystalline Cellulose (MCC), has partnered with Comercial Química Massó in Spain and Portugal and secured a distributor in Italy to strengthen MCC supply for the beauty and personal care industries. These partnerships aim to support manufacturers in meeting evolving EU regulations on harmful ingredients and product traceability. MCC, a renewable material derived from wood, offers a sustainable alternative to commonly used but environmentally harmful substances like talc and titanium dioxide. The collaboration also seeks to address the demand for safer formulations while ensuring a reliable supply chain within Europe. https://lnkd.in/dVdjjpDt #nordicmade #finland #community #partnerships #startups #deeptech #lifesciences #cleantech #climatetech #biotech #trending

$5.4M seed boost for Norwegian-American startup, pioneering no-code programming for industrial robots T-robotics, based in San Francisco and Trondheim, has secured $5.4 million in Seed funding co-led by Emergent Ventures and Engine Ventures, with additional participation from Berkeley SkyDeck and Raisewell Ventures. The company develops ActGPT, a robot-agnostic software that uses natural language and pre-trained AI models to simplify programming and enhance the adaptability of industrial robots. The funding will support its expansion in the U.S. and Europe and further collaboration with ABB, following its recognition as a winner of the ABB AI Startup Challenge. T-robotics plans to use its technology to address the underutilization of industrial robots by improving their ability to perform complex tasks across varied manufacturing environments. https://lnkd.in/dGRW2HzW #nordicmade #norway #funding #robotics #artificialinteligence #startups #trending

Norwegian fintech startup is acquired by Sokin to strengthen European payments presence Norwegian fintech Settle has been acquired by UK-based payments firm Sokin in a strategic move to enhance technological capabilities and expand market presence. Founded in 2010, Settle revolutionized mobile payments in the Nordics with the launch of the first mobile payment platform in Norway, mCASH. Settle’s platform enables consumers and businesses across Europe to send and receive money instantly, simplifying payment processes for millions. By integrating Settle’s cutting-edge mobile payment solution, Sokin gains access to a European EMI license, expanding its operations and positioning itself for rapid growth. https://lnkd.in/dXqKFV2t #nordicmade #norway #acquisitions #startups #fintech #trending