ArcticStartup
Startup news and knowledge for the Nordics and Baltics
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Latest posts
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Norwegian startup secures $7 million to scale technology for studying living human tissue
Trondheim-based biotech company Vitroscope has raised $7 million in a financing package comprising a $5 million seed round co-led by Cerberus Ventures and YZR Capital, alongside $2 million in non-dilutive funding from the Research Council of Norway. Arcas Ventures, Golden Egg…
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Creandum closes $750 million eighth fund to back early-stage technology companies
Creandum has closed its eighth fund at $750 million to invest in early-stage technology companies from pre-seed to Series A, as the European venture capital firm expands its global reach and puts artificial intelligence at the centre of its investment and operational strategy.…
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Lithuanian regtech startup AMLYZE partners with Mano Bank to expand its banking technology footprint
Lithuanian RegTech startup AMLYZE has signed an agreement with Mano Bank to provide the bank with a platform for anti-money laundering (AML) and financial crime prevention. The partnership will see Mano Bank adopt AMLYZE’s technology to centralise customer risk assessment,…
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Finest Tunnel Project advances with new planning application in Estonia
Finest Bay Area Development (FEBAY), the company behind the proposed Helsinki–Tallinn railway tunnel, has submitted a new application to the Estonian government to initiate the project’s national spatial planning process and associated strategic environmental assessment. The…
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Finnish maritime industry sees stronger growth outlook as 84% of companies target expansion
Finland’s maritime industry is entering a period of stronger growth, supported by expanding order books, rising international ambitions and demand from major shipyards. According to a new survey by Finnish state-owned investment company Tesi (Finnish Industry Investment), 84% of…
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Former Veriff and Wise executives get €2.9 million for AI-powered career platform
Tallinn-based AI career platform Roleo has raised €2.9 million in a funding round led by Baltic venture capital firm Practica Capital, with participation from Nordic investor Inventure. Founded by Veriff co-founder Janer Gorohhov and former Wise engineer Vahur Hansen, Roleo…
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Swedish Sortrace secures funding to help municipalities improve household waste sorting
Stockholm-based waste technology startup Sortrace has raised approximately $800,000 in a funding round led by Almi Invest, with participation from Antler, Gorilla Capital and several business angels. The company uses camera sensors and AI-powered computer vision on waste…
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Swedish startup raises $3.1 million seed to verify AI-generated and manipulated content
Stockholm-based AI startup Pixel Systems has raised $3.1 million in a seed round led by Unconventional Ventures, at a pre-money valuation of approximately $21 million. The company develops digital forensics technology to detect AI-generated and manipulated digital content. Its…
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OptikosPrime partners with RED Driver Training to introduce smartphone-based vision screening to UK learner drivers
Copenhagen-based OptikosPrime has partnered with UK driver education provider RED Driver Training to integrate its VisionCheck smartphone-based vision screening software into the Learn to Drive with RED app. The nationwide rollout will allow learner drivers to screen their…
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Lithuanian companies partner on tokenised money market funds for client fund safeguarding
Lithuanian capital markets infrastructure provider Axiology has partnered with electronic money institution VIALET to introduce tokenised money market funds (MMFs) for client fund safeguarding and corporate treasury management. The collaboration will allow VIALET to diversify…
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Norwegian startup gets €1.7 million seed to expand global hiring platform
Norwegian HR tech startup Fronted has raised approximately €1.7 million (NOK 18 million) in a seed round led by Swedish investment firm Kaknäs Invest, with participation from Skagerak Capital, existing investors Sondo, Antler and Play Capital, and new angel investors such as…
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Finnish startup secures €2.78 million seed round to tackle quantum computing’s hardware challenges
Espoo-based quantum hardware startup Coherence Quantum has raised €2.78 million in a seed funding round led by Helsinki-based Lifeline Ventures, with participation from technology entrepreneur Mårten Mickos. Spun out of Aalto University’s Quantum Computing and Devices group, the…
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Estonia’s Blackwall lands $100M at $2.2B valuation to expand web security platform
Blackwall, a Tallinn-based cybersecurity company, has raised $100 million in a Series C funding round led by AVP, with participation from existing investors Dawn Capital, MMC Ventures and Tera Ventures. The investment values the company at $2.2 billion. Blackwall will use the…
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Danish proptech startup raises €1.47 million pre-seed to combine property management and software development
Copenhagen-based proptech startup Cortas has raised approximately €1.47 million in a pre-seed funding round backed by PSV Tech, JRNY Capital, EIFO and technology entrepreneurs, including the founders of Flatpay and Spirii. Cortas combines property management services with…
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Finland’s Agion partners with Sweden’s SIROS Foundation to connect digital identity with AI governance
Finnish AI company Agion has entered a strategic partnership with Sweden’s SIROS Foundation to explore infrastructure for verifying AI agents’ identities, permissions and authority to act on behalf of organisations. Founded in Helsinki in 2025, Agion develops Agion OS, a…
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Finnish defensetech startup secures €2.5 million to scale drone electronics production
Finnish defence technology company Arctic RAVN has secured €2.5 million in convertible loan commitments, exceeding its €2 million target in five days. The company manufactures electronic speed controllers (ESCs) and is developing flight controllers (FCs) for unmanned systems,…
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Iceland’s Jónsbók attracts Crowberry and Leo Capital to expand legal AI in Europe
Reykjavík-based legal tech startup Jónsbók has secured an investment from early-stage venture capital firms Crowberry Capital and Leo Capital to accelerate product development and expand across Europe. Jónsbók provides an AI-powered legal platform that helps lawyers and legal…
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Danish Evertrace adds Veck’s startup discovery technology in fourth acquisition
Copenhagen-based founder detection platform Evertrace has acquired Veck, a startup discovery platform for early-stage investors, in a deal aimed at expanding its ability to identify emerging founders before their companies become publicly visible. Financial terms were not…