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 […]
Oplane raises €1M
Swedish Tech News reports that Oplane, a SaaS solution for collaborative threat modeling, has raised € 1 million (SEK 11.5 million). No comment has been made of this, but the info can be seen thru looking at official company data. Valuation is said to be € 8 million (SEK 91.5 million).
Virtuall Partners with VNTRS to Revolutionize Metaverse Retail
Copenhagen based Virtuall has announced they have a sweat equity investment from VNTRS, a venture studio in the New Nordics. Virtuall is a startup creating an immersive retail experiences in the Metaverse. Virtuall uses AR and digital wearables to connect fashion brands with digital playgrounds, aiming to enhance the customer experience and promote innovation and […]
Earthbound Program Launches to Bridge Gap Between Academic Research at DTU and Climate Tech Startups
A new initiative, Earthbound, is set to bridge the gap between academic research and market-ready climate tech solutions. Developed in collaboration with PreSeed Ventures, Technical University of Denmark (DTU), DTU Skylab, DTU Science Park, and DTU Entrepreneurship, Earthbound is designed to identify, fund, and nurture deep tech science innovations with climate relevance. The program aims […]
Oracle and Pej Partner to Revolutionize Global Contract Catering with Innovative Technology
In October, Oracle announced Malmö-based Pej as a strategic partner to address the evolving expectations of catering clients. The joint solution aims to bridge gaps in the contract catering landscape. Catering companies now face heightened client expectations for digitalization, flexibility, and user experience, but many struggle with outdated or inadequate IT systems. Pej offers self-checkout […]