Strainlabs Pilots Predictive Maintenance Technology on the Öresund Bridge
Strainlabs has initiated a pilot project on the Öresund Bridge, introducing a digital solution to monitor particle magnets installed along the railway track. The magnets prevent iron dust buildup caused by trains, helping avoid operational disruptions. This pilot aims to reduce physical inspections through real-time monitoring of bolted joints using Strainlabs Bolts. Øresundsbro Konsortiet, which […]
Partihandel.se Secures €400K to Expand Its Cloud-Based Wholesale Platform
Helsingborg-based partihandel.se, a comprehensive cloud-based business system for wholesalers, has raised € 400.000 (SEK 4.5 million) in funding from investors including Loop Ventures and business angels Jonas Bonde, Göran Hellström, and Martin Mazur. The funding aims to support the company’s plans to meet the growing demand both in Sweden and internationally. Founded in 2021, partihandel.se […]
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 […]
Trialbee Sees Significant Growth While Focusing on Innovation in Patient Recruitment
Swedish Tech News reports that Trialbee, a Malmö-based startup specializing in digitalizing patient recruitment for clinical trials, reported strong revenue growth in 2023. Net revenue has risen by 60% to € 7,6 million (SEK 86.1 million). The startup posted a loss of € 4,7 million (SEK 53 million), slight improvement from 2022. Known for its […]
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, […]
Tendo to Exit Stock Exchange and Become Private Again
Lund-based startup Tendo, known for its robotic prosthetic technology, is undergoing a major restructuring following a failed capital raise. After securing only € 880 000 (SEK 10 million) out of a required SEK 20 million in the spring, Tendo has signed a letter of intent to be acquired by broadband provider Norrlands Online. The reverse […]
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 […]