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HoloCare and Illumie Showcased at SXSW 2022

The Norwegian medical startup projects HoloCare and Illumie were present at South by Southwest in Austin, Texas. Robert Stigliano After a cancellation in 2020, and an online-only version in 2021, South by Southwest was back this year to it’s full, pre-pandemic glory, showcasing the trends and technologies influencing our collective future. One of this year’s themes was imagining society in …

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Norwegian VC insights: How to win in venture when the rules-and geography- of the game is chaning?

In this blog post, Katapult Group CEO, Fredrik Winther assesses the fast-changing landscape of venture, and why venture investors need to re-think strategy. By Frederik Winther The venture capital industry broke all records in 2021, and it led to systemic changes as to how it operates. Not long ago start-ups fought for the investors, these days investors are fighting to …

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Finland has largest number of companies using AI in Nordics

Silo AI, one of Europe’s largest private AI laboratories, published a comprehensive market review of the use of artificial intelligence in Nordic countries. The Nordic State of AI report, which will be published annually with the Finnish Artificial Intelligence Center and other Nordic artificial intelligence organizations, provides a comprehensive overview of the Finnish, Swedish, Norwegian, and Danish artificial intelligence markets …

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SNÖ Ventures launch new $100m Nordic venture fund backed by Peter Thiel

Oslo-based SNÖ Ventures has launched its second fund to  invest in visionary Nordic entrepreneurs and connect the Nordics  with the US and broader Europe. The new fund targets $100M to invest  in early stage, high-growth Nordic tech companies with the potential to disrupt,  create or capture large markets through transformative technology or  solutions.  By Kremena Tosheva  SNÖ Ventures is led …

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Civinity invests €15 million in PropTech startups

Civinity, one of the largest facility management and engineering groups in the Baltic states, has announced the launch of their new investment management firm called Pentaframe Capital. Pentaframe Capital plans to invest up to €15 million across the following five years, with focus on real estate, facility management, and smart city tech startups across Europe. By Rūta Lapinskienė  Pentaframe Capital plans …

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Finnish scale-up Nosto acquires Stackla, a global visual content marketing platform

The Finnish commerce experience scale-up Nosto has aquired Stackla, a visual content marketing platform for user-generated content. The acquisition is Nostos first acquisition and marks their entrance into the Australian and Southeast Asian markets.  By Uday Radia AI-powered personalized shopping Nosto, a Finnish commerce experience scale-up which helps retailers deliver personalized digital shopping experiences, has acquired Stackla, a global visual …

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Lithuania eases restrictions on IT licenscing for Fintechs

As in many countries during the pandemic, contactless payments have been on the rise in Lithuana.   The country has chosen to make Fintech a national priority and has updated the process for business licensing for Fintech companies. By Lukas Pereckas “The whole Fintech ecosystem here is so developed – business support networks, clear efficient regulation, lawyers who know the field …

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Danish edtech CanopyLAB acquires Peruvian publishing startup YoPublico to serve rapidly expanding userbase in Latin America.

Danish edtech CanopyLAB is behind a social and adaptive learning platform that is being used in more than 85 different countries. By Esben Trier Based on co-founder Sahra-Josephine Hjorth’s Ph.D. research at the University of Aalborg, CanopyLAB launched its product in late 2018 with a focus on corporate learning. With COVID-19 CanopyLAB’s reach expanded dramatically in South America and Africa, …

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New startup wants to help Danes get 11 billion in forgotten tax deductions

Each year, Danes miss out on 11 billion kroner in deductions, either because people don’t know what they are entitled to, or because the process is simply too cumbersome. Tax Helper wants to change that.  By Aske Buemann Taxes and deductions can give many a blank look in their eyes. Therefore, two entrepreneurs will now help people find their deductions and get their …

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Danish startup PackitUp launches a platform to help in the Coronavirus pandemic

Copenhagen-based travel startup, PackitUp, is on a mission to provide help in the time of Coronavirus crisis. The team turned their existing social network platform into BringHero help platform, where people can either offer or request for help during the COVID-19 pandemic.  By Ira Leino The platform functions worldwide on voluntary-basis, and therefore, is completely free to use. Indeed, many …

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How Estonia Became A Tech Startup Nation

Situated in Northern Europe, Estonia is home to around 325 million people. Back in 1991, when Estonia gained independence from the Soviet Union, it was a relatively poor country. However, this relatively small country, that includes around 1500 islands, has slowly but surely made its mark by evolving into a top startup nation. But how did they do it? By …

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Guest post: Remote development teams in the Nordics

Countries all over the globe incline to hiring developers for startups as their business model as it is a modern, proactive, and effective solution in the business world. With remote employees that work for your project from around the world, you get maximum efficiency and cut costs considerably. But can this scenario be applied to startups in the Nordic countries? …

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Accelerate Estonia & Garage 48 organize hackathon against coronavirus

The accelerator program Accelerate Estonia and Garage48 organized an online hackathon to develop solutions to help Estonia emerge from the coronavirus crisis and create competitive advantages for the post-crisis period. By Elis Tootsman The initiative, which has become the largest online hackathon in Estonia, was opened by President Kersti Kaljulaid and Minister of Foreign Trade and Information Technology Kaimar Karu. …

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The role of blockchain in the Scandinavian gaming industry

Scandinavia is known for implementing the newest innovations in many fields, including gaming. Current global entertainment tends are about applying crypto and improving blockchain-powered systems, and Scandinavia is among the leaders in doing so. By Julia Beyers Scandinavia is a pretty attractive region for blockchain developers who seek investments and cheap energy. Both regular people and large companies are ready …

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Startups in Helsinki and Stockholm lead Nordics on global outlook

Whether or not a startup scales has a lot to do with their motivation. A new report -— published by Nesta as part of the Startup Europe Partnership -— shows that there is substantial variation in entrepreneurs’ motivations to grow and seek finance across Europe. How do Nordic startups fare compared to their European counterparts? By Charlotte Reypens The Nesta …

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Belgian startup Husky on what they learned from the Nordic startup culture

Husky is a Belgian startup, designed to bundle marketers’ needs in one digital tool. It is made by marketers, for marketers. A digital platform like Husky allows you to plan and organize quickly. Managing tasks, projects and communication gets easier. In a recent talk, CEO Peter Desmyttere explains what he learned from the Nordic startup culture. By Robbe Desmyttere “To …

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Klarna continues to strive for improvement

Once upon a time, Klarna was a simple startup based in Sweden. It emerged in Stockholm in 2005, and basically facilitated one-click online purchasing via email and postcode. By Anne Gibbons Klarna has since become one of the most influential fintech companies in Europe, but for those who don’t use it, the process is straightforward. An internet retailer equipped with …

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Finland’s Neverthink believes in distraction on demand

While content might be king, the choice not to choose it yourself has proven to be just as popular. For the founders of Neverthink, the need for a background companion has turned a simple idea into a global success. By Elisa Häggström In an era of video on demand, where favorite series and movies are never more than a few …

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Kieku Labs CEO on AI in podcasts: “AI can do the legwork for you”

Kieku Labs is technology company creating a personal audio listening stream. Kieku is an independent direct community of speakers and listeners. Kieku is both voices from the street and studio, a place for anyone to connect with audience. Kieku Labs was founded in Helsinki 2016. Kieku offers an easy way to listen to content that is selectively curated for your …

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