Nordic Startup News Early Stage Startup News From The Nordics
The Copenhagen-based Nordic accelerator Urbantech Program, hosted by BloxHub, has announced the 10 most promising and innovative sustainable technology startups for their 2021 batch. This announcement comes after a global search for urbantech startups. According to the UN, up to 70 percent of the world’s population is expected to live in cities by 2050. This creates major challenges and calls …
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June, 2021
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10 June
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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4 June
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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2 June
Nordic and Baltic investments show progressive trend towards sustainability in 2021
According to reports from, European Capital, Danske Bank and i5invest, European VC and PE funds have been substantially gaining ground despite Covid-19, and a substantial margin in the Nordics are focusing on investments in energy and sustainability. Norway, Denmark, and Lithuania have a particularly strong focus on investments in these areas in 2021 compared to the rest of Europe, and …
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2 June
Latvia’s Nordigen raises €2 million to expand free open banking API
Latvia’s Nordigen has announced a new €2.1 million investment to expand their freemium model after growing to support more than 1000 European bank APIs. Investors include Black Pearls VC, Inventure, Highgoal Capital, ID4 Ventures, Calchas Holding and angel investors from across the Baltics including Artis Kehris, Henry Nilert, Gerri Kodres and Riivo Anton. The startup is challenging Tink and other …
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May, 2021
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28 May
Estonia’s UP Catalyst receives funding to produce oxygen on Mars
The technology startup UP Catalyst, founded in 2019, received €50 000 of seed money from the 2021 ESA BIC (Business Incubation Centre) programme for business and product development to boost their novel way of oxygen production on Mars. In addition to the funding UP Catalyst receives technical support from the European Space Agency and hands on mentoring from the field …
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18 May
Top Finnish startup accelerator expands to the Nordics and Baltics
Summer of 2021 is closing in, and as the world is seeing a surge in optimism with the influx of vaccines, Kiuas, the #1 startup accelerator in Finland, brings exciting news about expansion. Kiuas today revolves around the startup accelerator programs, and with the changing world, it makes to evolve the flagship program, Kiuas Accelerator, to the next level as …
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March, 2021
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3 March
Denmark is the second-best funded nation for startups after USA
According to a report by Money UK, Denmark is the second best-funded nation for startup businesses after the US. With a total of five new business grants offering over $1,000,000, Denmark only lags slightly behind top funding opportunities in the US. The report, which is based on data from the Innovation Investment Index, highlights Denmark as an innovative hubspot leading …
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2 March
Nordic startups building radical transparency into tech
Getting through the Nordic winter is trying at the best of times. The previous months have provided few hours of sunshine but an infinite amount of “recommendations” (it is to date not legal for the Swedish government to e.g. enforce a lockdown) formulated in almost as many ways as there are media outlets. The Nordics are the societies in the …
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February, 2021
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28 February
Danish Dixa acquires Australian SaaS company Elevio
Danish customer support innovator Dixa has acquired Melbourne-based knowledge management platform Elevio in a circa US$15m deal. The acquisition supports Dixa’s long term vision to simplify more aspects of customer service through personalization and machine learning. Dixa’s platform is used by consumer-facing brands to serve customers across multiple channels from a single screen including social media, chat, voice and messaging apps, …
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