Avokaado, a contract lifecycle management platform (CLM) from Estonia, announces a €700K pre-seed round, including Hong Kong’s ParticleX as a strategic investor. Avokaado was founded by legal tech innovator Mariana Hagström in 2016, after experiencing significant inefficiencies in service delivery during her extensive career as an attorney-at-law and managing partner at a law firm. What initially started out as a …

Home to the first Bitcoin lottery and other blockchain-powered online games, the Northern European region is no stranger to the iGaming industry. In recent years, the Nordic countries have become some of the most successful in the entire European gaming industry. So, let’s take a closer look at the Nordic iGaming market today and how it might fare in the coming …

Since launching its report on who funds whom in the Nordics, together with partners like Startup Sweden and NVCA, the team at Unconventional Ventures have been busy. They recently launched the UV Syndicate, giving everyone the opportunity to co-invest in, by UV vetted, startups at pre-seed and seed stages. Today they announce the first digital accelerator targeting underrepresented founders based …

Mbegu Solar AB was founded in 2020 and its team is based in Stockholm, Lund and Nairobi. They bring solar products in a completely new format to the East African market and target micro-entrepreneurs as opposed to the end consumer. Solar products are already widely available all over the world for off grid electricity, but Mbegu Solar states this is …

You’ve heard of hygge. If you’re a Scandinavia enthusiast, you may even have heard of friluftsliv. But are you ready for the lifestyle trend that’s so quintessentially Northern that the people who invented it don’t even have a catchy term for it, much like fish presumably don’t have a word for water? It’s the Estonian phenomenon of “just sort of getting on …

Statistics show we have collectively stigmatized randomly phoning someone up and as a result, over the past decade, the number of texts sent monthly have increased with 7,700% and US smartphones users allegedly receive and respond to 5x more texts than phone calls. We have built handheld walls against direct interactions at the same time as social platforms have moved …

Garden Eight is a multi-award-winning digital production team from Japan specialising in visual design, web design and web development. Founded in Asakusabashi, Tokyo in 2011, the studio has just opened their European headquarters in Copenhagen. The Nordics are known as the world’s “unicorn factory” per capita outside of Silicon Valley and have enjoyed a spotlight on their technologies from one …

Finnish startup Flowrite, building an AI-powered writing tool on OpenAI’s GPT-3, has closed a pre-seed funding round of €550,000 from Europe’s leading early-stage investors Lifeline Ventures and Seedcamp, joined by angel investors including Unity founder David Helgason. Flowrite is among the first companies globally to launch and raise funding for a product built on top of OpenAI’s language model GPT-3. …

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 …

A small nation of fewer than 2 million people, Latvia is one of Europe’s entrepreneurial hotspots. There are several advantages that ensure that Latvia is a great place for startups starting from a multilingual workforce, affordable costs for operations, a high standard of living, and government support. Latvia has a booming startup ecosystem and a high number of ingenious up-and-comers …

Linear, a company focusing on the digitalization of real estate brokerage, has closed €1.1 million in seed funding.  The company, founded in 2018, offers an AI-driven  digital ecosystem to facilitate the housing trade. They will use the latest funding round on future growth and expansion to new markets. Linear offers realtors a comprehensive SaaS (Software as a Service) automation tool for …

Danish Industrial biotech startup Kaffe Bueno received EUR 1.1 million from, PINC (Paulig Group venture capital, FI), Vækstfonden (DK), The Yield Lab (IE), and a Danish business angel. The money will be spent on scaling up production, growing the team, IPR, and further process and product development. Kaffe Bueno is an ingredients company using green chemistry and biotechnology to upcycle …

On the 23rd to 25th of October Garage48, Startup Estonia, the Institute of Computer Science at the University of Tartu with several cyber security-related startups and organizations came together and poured their heart and soul into organizing and supporting the birth of a 4th Cyber Security Hackathon. The aim of the event was to grow, nourish and expand the cybersecurity …

There was a bullish attitude among attendees at this year’s online version of the Arctic15 startup event that investment in Northern European startups was picking up despite a second wave of COVID19 across the region. With one of the main themes of the event being cross-border angel investing, several new angel investment syndicates were established to boost funding opportunities for …

All male founding teams still get 92.9% of external capital in the Nordics, to build and expand their startups. However, a new report from Unconventional Ventures shows us how a shift towards a more equal distribution of capital can be accelerated.  Unconventional Ventures is a Nordic early-stage investment firm that invest in scaleable tech startups at the pre-seed and seed …