Rapid Growth for Inriver
Malmö-based digital marketer Inriver managed to secure a new funding at SEK 100M (ca. € 10M) from the European Fund for Strategic Investments (EFSI), established by the European Investment Bank (EIB), plus a partial funding from current owners, including Verdane Capital, Industrifonden and Zobito. The company develops software that helps online buyers and other firms […]
The student-driven VC-fund, Wave Ventures expands to Sweden
Wave Ventures, which was established in Finland, is managed by ambitious students. The company is supported by investors, including the Skype-founder Niklas Zennström. Now, Wave Ventures announced in a press release that they expand to Sweden. Young students from Aalto and Helsingfors Universities established Wave Ventures in Finland. Now, they want to expand to Sweden. The […]
H&M invests millions in a Malmö-based Company
The Malmö-based Service Company PinMeTo raised capital by SEK 5M (ca. €524000). Among the new investors, who contributed in this increase, are Mårten Öbrink, Anders Berglund and the fashion giant H&M . “For us, it is a quite important deal, not just because of the amount, but also because the competence of our company that […]
Microsoft invests in quantum mechanics at the University of Copenhagen
Microsoft is to invest an amount around three-digit millions to set up a research-based developing center within quantum mechanics at the University of Copenhagen. Both Microsoft and University’s researchers shall produce the first quantum computer in the world, which is supposed to be much faster than today’s computers, according to a press release issued […]
Lumigon files bankruptcy petition
The Danish mobile manufacturer Lumigon, which manufactures exclusive smartphones, has submitted bankruptcy petition. Michael Moesgaard, a major financier and entrepreneur, told Itwatch that it requires a very big capital to continue operating the loss-suffering mobile manufacturer. “It is regrettable, but I am proud that I was a part of Lumigon. The petition of bankruptcy was […]
Nordic Startup Awards has appointed their Swedish and Danish national winners
Both the Swedish and Danish finals of Nordic Startups Awards have taken place. In Sweden, it was hosted during Stockholm Tech Fest, and in Denmark at Tech Festival, Copenhagen. Nordic Startup Awards is a part of the global competition Global Startup Awards. The competition is carried out through several phases, among them public nominations and […]
New Nordic alliance wants to speed up the best scale-ups
Launching this month, Nordic Scalers is a new growth program that connects the most talented entrepreneurs across the Nordics. The initiative is made to bring well-established startups closer to a global market. “It is about time that we collaborate step-by-step on this effort,” says the Program Director, Bjarne Schøn. For the entrepreneur that is just […]
Smart Refill becomes the majority owner of Digimail
The fintech startup from Helsingborg, Smart Refill becomes the majority owner of Digimail. Through a multi-million investment, Smart Refill now owns 90 percent of the shares. Digimail was founded in 2013 and provides a digital mailbox for individuals and companies that allow them to receive their mail in a secure digital mailbox. The investment by Smart […]
Helsingborg-based accelerator celebrates 5 years
2017 marks the fifth anniversary of Helsingborg-based THINK, a startup accelerator for early stage technology companies. On this occasion, the accelerator published an infographic that demonstrates its achievements over the 5-year period. Companies like Storygami, Bilprospekt, Fieldly, and Swiftcourt have been a part of the program. In the infographic, we learn that 65% of […]
CarpetVista’s founder becomes a part of eValent’s team
Last week eValent, e-commerce provider, was already on the news with the announcing that they have found a new investor. This time, the promising startup is making headlines again revealing that their new investor is none other than Hossein Sadr. Hossein Sadr became famous a couple of years before, when he turned CarpetVista, a small carpet-selling […]