Copenhagen Fintech Startup Monthio Secures € 11 Million in Series A Funding
Copenhagen-based fintech Monthio has raised € 11.4 million (DKK 85 million) in a Series A funding round, backed by North Ventures, Harmar, and Danmarks Eksport- og Investeringsfond (EIFO). The funding comes as new EU regulations make Monthio’s automated credit assessment platform increasingly relevant, driving significant growth for the company. Monthio’s SaaS platform, utilizing AI and […]
Alix Labs Secures Majority of €10M Investment to Drive AI Processor Development
Lund-based nanotechnology company Alix Labs, led by CEO Jonas Sundqvist, is making strides in developing advanced semiconductor components. Rapidus reports the startup has secured guarantees for two-thirds of the € 14.5 million (SEK 165 million) it needs to build a pilot facility and conduct beta testing with global semiconductor manufacturers. Their technology, based on research […]
Bemakers Secures €3.5 Million to Expand Beverage Distribution Platform Across Europe
Copenhagen-based startup Bemakers has raised €3.5 million in seed funding to further develop its innovative beverage distribution platform. The company, launched in 2022, already works with over 200 brand owners and distributors across eight European countries. CEO and co-founder Morten Stengaard emphasized that the funding will help expand Bemakers’ market presence and enhance its platform, […]
Medimi Announces Planned Acquisition of Medthings, Expanding Digital Medication Management
Lund-based medical technology company Medimi, has signed a letter of intent to acquire Norwegian company Medthings, which specializes in digital medication management. Medthings, currently launching its Mobili e-dosette device in partnership with Dignio, is expected to generate € 1.75 million (SEK 20 million) annually from this agreement. The acquisition aligns with both companies’ vision to […]
Week 40 summary podcast
Here we are experimenting with a new format: highlighting some of the weeks stories in a special podcast! Perfect for you who wants to listen to news, instead of reading about them. Oresund Startup News · Podcast oresundstartups Week 40 If you want to share, click here for Soundcloud link.
Muninn Acquired by Logpoint to Strengthen AI-Driven Cybersecurity Solutions
Muninn, founded by Andreas Frederik Wehowsky and Lars Thrane in 2016, has been acquired by Logpoint, marking a significant milestone for both companies. Backed by Summa Equity, Logpoint is on a mission to become a leading European cybersecurity powerhouse. The acquisition positions Muninn’s R&D labs to continue as part of Logpoint’s Labs, with plans for […]
Koenigsegg Automotive Secures €50 Million Investment from Chieftain Capital Management
Koenigsegg Automotive, the renowned Swedish megacar manufacturer located in the north of the Øresund region, in Ängelholm, has announced a € 50 million investment from New York-based Chieftain Capital Management. The funding aims to support Koenigsegg’s next phase of growth, strengthening its leadership in the megacar industry. Alongside this investment, Christian von Koenigsegg, the company’s […]
Ekolution Secures €2.2M to Scale Hemp-Based Construction Materials
Malmö-based Ekolution, which develops climate-friendly construction materials made from industrial hemp, has raised € 2.2 million (SEK 25 million) from existing investors, Breakit reports. The investors include Longrun Capital, South Bay Ventures, Neptunia Invest, and Gunnar Hagman. Ekolution was founded in 2013 by Remi Loren, Naib Woldemariam and Henrik Jacobsson and the startup has gotten […]
Österlensaffran.io Launches Autonomous Saffron Harvesting Robot, Leading Innovation in Sustainable Farming
Swedish Tech News reported on that Österlensaffran.io has unveiled its groundbreaking autonomous saffron harvesting robot, with the aim to transform saffron farming. The robot uses advanced RTK/GNSS navigation, AI vision systems, and a three-axis precision arm, enabling a shift from manual harvesting to high-tech, sustainable methods. Founded in 2019, the company’s dedication to quality is […]
Weekly summary podcast: Week 39
Here we are experimenting with a new format: highlighting some of the weeks stories in a special podcast! Perfect for you who wants to listen to news, instead of reading about them. Click play below, or follow this link to get to the podcast: Soundcloud link. Oresund Startup News · Øresund Startups Weekly Summary week […]