Funding

Technology in a Mission for Preventing Heart Diseases “Our vision is saving at least 1 million lives each year,” say the creators of Heartstrings, Allen and Max Mohammadi, and with a vision this concrete and ambitious, is a company not set for success? Their idea, which was born after seeing a senior individual at a family party having an instant …

Finland’s OURA ring takes a stab at the wearables market with a  “smart ring” this wearable offers a variety of features and functionality unrivaled in the space, particularly when it comes to sleep tracking. The company claims it’s the “world’s most advanced wearable for getting more restorative sleep.” What exactly is it though, outside of your average smart ring? OURA …

A Virtual Fight Against Corruption It’s estimated that 30% of money globally allocated is diverted through acts of corruption annually. Oslo-based social business EnlightAID has the goal to prevent fund misuse with its platform that reads, records, and reports on transactions that happen during fundraising and social and environmental projects. Founders Veronica Celis and Klaus Hatle met in Canada in …

Nightingale Health Enables Preventive Healthcare Teemu Suna and his company Nightingale Health want to help stop the more than 15.5 million deaths from heart disease each year, by focusing on testing and prevention. Nightingale Health says their screening is low cost and three times more accurate than current clinical tools for detecting early heart disease and diabetes. When we look …

Kara Connects Clients with Therapists in a Virtual Office Kara Connect is a startup that was founded in 2015 in Reykjavik by Thorbjorg Vigfusdottir, a former city councilor with a Master’s degree in Education. Building a dedicated team of programmers and healthcare professionals, she has focused on addressing a major challenge pressing the healthcare industry, as well as the education. …

Finding the Way in the Complexity of Clinical Data SMART-TRIAL, a solution developed by Danish IT company MEDEI, helps medical device manufacturers find their way in the complexity of clinical data. It comes at a time when EU Medical Device Regulation introduced in May 2017 puts in place new requirements for the medical device manufacturers. Some of these requirements, such …

Insubalance, the Food Supplement That Can Prevent Diabetes With the number of diabetes patients on the rise, the Norwegian startup Lion Healthcare has focused on shifting from the traditional healthcare that includes treatment once the disease is diagnosed and instead is positioning a solution that would prevent the pre and early-stage type 2 diabetes. The experienced team led by Zy …

Stay Healthy in the Comfort of Your Own Home Aarhus-based startup RaskRask gathers the best Danish massagers into one platform. The platform is available in Copenhagen, Aarhus, Odense, Aalborg, Kolding, Frederiksberg, Risskov, and Norresundby and has an average review of 4.8 out of 5 stars, based on a total number of 856 reviews. Founders Albert Iversen, Jacob Heath, and Jesper Boelt …

Sharing the Noble Goals of the UN for Clean Water In a world where water scarcity affects more than 40 percent of the global population, a  Norwegian startup embarked on a mission with a noble cause – provide cheap water by making proven method for water purification far more efficient. Founded by three young Norwegian and Indian entrepreneurs Aquasolis Global …

Fixing the Problem of the Carbon Markets Established with the goal of reducing greenhouse gas emission, the carbon markets use tradable carbon credits as permits for the release of certain amounts of carbon dioxide by the industries. Making carbon emissions tradable means pricing the pollution which in turn should lead to less pollution. Yet despite their noble goal, the carbon …

Finnish medical software creator Disior has received a capital boost from Maki.vc and seed investors for novel method of analyzing bone fractures and soft tissue. The Finnish company  Disior have developed a novel, AI-powered conversion tool for analysis of bone fractures and soft tissue that cuts down the processing time from weeks to minutes. Compatible with all 3D imaging technology formats, …

A new study on the profitability of angel investing, made by the Finnish Business Angel Network (FiBAN) together with Ruben Moring (Åbo Akademi University), is the first broad study on the national angel activity in Finland.  This is the largest study made about the angel exits in the Nordics. By Claes Mikko Nilsen For professional angel investors, the role of …

Recently successful Finnish startup entrepreneurs have founded an investment and consulting company in order to help fresh, potential founders direct their efforts more productively and avoid easy mistakes. Start Here Ventures offers starting teams support, hints, valuable contacts, as well as a financial investment – preferably already before the registration of the company. By Tuure Parkkinen Each qualified team gets …

Rising North is a fund that aims to help Nordic startups become global leaders. It finances with up to €50,000 unique projects and initiatives that tackle the challenges limiting the growth of Nordic companies. The fund is operated in Finland by the Startup Foundation, which is a non-profit founded in 2012 to support entrepreneurship and startups. The fund that totals …

Finland continues to be the most attractive Nordic country for securing foreign direct investment (FDI) projects with 133 ventures commenced in 2016. This is the fifth consecutive year Finland beats its neighbours in attracting FDI projects. According to the Attractiveness Report 2017 by EY, Finland seized 41 per cent of FDI projects started in the Nordics last year. The secured 133 …

Creathor Venture announced this week that it is leading a financing round of up to €14 million for Helsinki-based Blueprint Genetics, an AI-enabled clinical genetic testing company.   Blueprint Genetics is among a wave of Nordic companies using AI within med-tech, including Lytics, Medeye, and Nox Medical. Blueprint Genetics, which launched in 2012, provides clinical genetic testing for the diagnosis of …

CrowdEyes is a twist on the format of traditional dating apps to help people who lose or forget their things at this year’s Roskilde Festival. With a festival area equivalent to 350 football pitches, the analogy of “finding a needle in a haystack” is apt if you misplace something by accident. “If you find a lost thing and would like …

In 2016, Finnish startup and early stage growth companies raised the second highest amount of venture capital funding in Europe when looking at investments as percentage of GDP. The investment amount was almost twice as large as the European average.  Sweden and Denmark are also among the top countries attracting venture capital. Finns can be proud of their rank in …

Nordic design is indeed trending worldwide. In less than three hours the new Danish watch brand IVER Denmark reached their funding goal on Kickstarter with backers from four continents, going well beyond the expectations of the team. Founder Kristian Asbjørn Iversen, shares his insights as to how they prepared for the launch. By Kristian Asbjørn Iversen Launch social media profiles …

Last weeks Arctic 15 three day event succeeded in offering a glimpse into the bright future of the Nordics as hundreds of investors, startups and corporates converged once again in the familiar old industrial complex of Kaapelitehdas the ‘Cable Factory’ in western Helsinki. Arctic 15 has grown steadily since its first event in 2011 and has a strong impact on …