Lime Technologies Expands into Sports Club Sector with Strategic Acquisition of SportAdmin
Malmö based technology company Lime Technologies has announced they hav acquired 85% of the Malmö based startup SportAdmin, run by SportAdmin i Skandinavien AB. This enhances Lime’s portfolio in customer management systems within the sports club sector. SportAdmin, a SaaS startup, has shown impressive growth, catering to over 1,500 clubs with nearly a million members. […]
Learning 2 Sleep Files for Bankruptcy Amidst Financial Struggles
Learning 2 Sleep, a former startup within the digital healthcare provider based on CBT, has filed for bankruptcy due to prolonged financial difficulties characterized by insufficient liquidity and falling revenues. This decision to file for bankruptcy, including its subsidiary Bonzun Evolve, was announced after efforts to adapt the business model and expand services failed to […]
Blue Cromos Gains Vinnova Funding to Pioneer EU Digital Product Passport Management
Blue Cromos, a Malmö-based company, has secured funding of over €100.000 (SEK 1.3 million) from Vinnova to develop ProTrack, a service for managing the digital product passports that the European Union is set to introduce in the coming years. This initiative, in collaboration with GS1 and Ahlsell, aims to provide a secure and efficient solution […]
SwiftCourt raises €2 Million Seed Funding for Blockchain-Enhanced P2P Transaction Platform
SwiftCourt, a digital sales contract platform, has raised €2 million in a seed funding round led by XVC Tech. This investment will aid SwiftCourt in leveraging the XDC Blockchain Network to enhance the security and efficiency of its peer-to-peer transaction services. SwiftCourt, known for its AI-driven digital contracts and e-signing services, aims to make second-hand […]
Monterro Acquires Majority Stake in AG Analytics to Boost European Expansion in Automotive AI
Stockholm based Monterro, a leading B2B software investor in the Nordics, has announced they have acquired a majority stake in AG Analytics, a Copenhagen based AI platform for the automotive industry. This move is part of Monterro’s strategy to accelerate AG Analytics’ expansion across Europe. AG Analytics, led by CEO Nicholas Malcolm, specializes in an […]
Kost Capital Launches €25 Million Food Tech Fund to Revolutionize B2B Food Systems in Europe
Kost Capital, a Copenhagen-based food tech venture capital firm, has announced the first close of its €25 million Kost Capital Fund I, backed by the Danish Sovereign fund EIFO, which previously supported companies like Performativ and Podimo. This new fund is dedicated to investing in early-stage, pre-seed, and seed startups across Europe, focusing on B2B […]
RECOMA raises money from Kiilto Ventures
Kiilto Ventures has invested in RECOMA, a Swedish startup that specializes in eco-friendly construction boards made entirely from recycled packaging waste. This innovation offers a sustainable alternative to conventional building materials and significantly reduces carbon emissions. RECOMA’s patented process involves sterilizing and shredding waste, then pressing it into durable boards. The investment by Kiilto Ventures […]
AddPro & itm8 Merge to Create a Leading Managed IT & Digital Transformation Entity in Northern Europe
In a significant move in the local IT sector, Axcel, in collaboration with Chr. Augustinus Fabrikker, has acquired Danish digital transformation partner itm8. This acquisition facilitates the creation of a major Northern European entity in end-to-end IT services, as itm8 concurrently acquires Axcel-owned AddPro. Both itm8 and AddPro have established strong brands and attracted exceptional […]
Sentian AI acquired by Weir to Advance Mining Efficiency and Sustainability
At the end of last month it was reported that global mining company Weir has acquired SentianAI, a Malmö-based AI solutions developer focused on optimizing performance in minerals processing. Sentian AI has developed an AI product for the process industry, aiming to streamline large and costly processes by integrating technology onto customers’ control systems to […]
Electric Surfboard Radinn Files for Bankruptcy
Radinn, the electric surfboard startup based in Malmo, has filed for bankruptcy. Despite attracting significant venture capital over its ten-year existence and making bold claims about its future, Radinn’s losses have continued to grow each year. This move has resulted in notable investors such as Dan Olofsson losing their stakes in the company. Radinn was […]