ArcticStartup

Swedish startup grabs $3.5 million to make preventive healthcare accessible Stockholm-based health tech company Corsmed has raised $3.5 million in seed funding from Luminar Ventures and Big Pi Ventures to further develop its groundbreaking MRI (Magnetic Resonance Imaging) technology. Corsmed’s software reduces MRI scan times from the traditional 45 minutes to just 2-3 minutes while improving diagnostic precision. The funding will accelerate product development and regulatory approval as the company aims to integrate its technology into routine healthcare practices globally https://lnkd.in/dJbQRkqD #nordicmade #sweden #funding #medtech #healthtech #edtech #edutech #saas #startups #trending

Swedish startup secures €4.2M to make patents more accessible for small businesses Lightbringer, a Lund-based legal tech company founded in 2023, has raised €4.2 million in a funding round led by Luminar Ventures and Alliance VC, with additional contributions from Zenith Ventures and several Nordic angel investors. The company offers an AI-powered platform designed to simplify patent protection for small and medium-sized enterprises (SMEs) and startups. By using AI to streamline the process, Lightbringer aims to make intellectual property management more affordable and accessible to businesses that typically find it complex and costly. The raised funds will support the development of the platform and help expand its presence, particularly in the U.S., a key market for patents. https://lnkd.in/dPAE8hdh #nordicmade #sweden #funding #legaltech #startups #trending

Swedish companies collaborate on eco-friendly shoe fresheners with 50% lower CO2 footprint Swedish Adsorbi, SmellWell and Icebug AB have formed a partnership to develop Freshener Inserts, a new product designed to reduce the environmental impact of shoe deodorizers. The inserts are made from cellulose derived from Nordic wood, offering a sustainable alternative to traditional odor removers like activated carbon. Adsorbi, a greentech startup founded on research from Chalmers University of Technology, provides the innovative cellulose material, which generates 50% lower CO2 emissions compared to activated carbon. The Freshener Inserts will be sold through Icebug’s online store and selected retailers. This collaboration underscores the growing focus on sustainability within Swedish innovation, combining research-driven solutions with eco-conscious consumer products. https://lnkd.in/dKVNe5AU #nordicmade #sweden #partnerships #community #sustainability #startups #trending

Finnish Orijin secures funding after Arctic15 success to boost coffee & cocoa sustainability Orijin, a B2B SaaS company transforming agricultural supply chains, has secured strategic funding from Brainforest Association and Gorilla Capital to advance sustainability in coffee and cocoa production. Armed with cutting-edge tools for traceability, compliance, and environmental protection, Orijin empowers producers to meet stringent standards like the European Union Deforestation Regulation (EUDR). The company’s innovative approach earned it second place at Arctic15 Pitching Competition, the Nordic region’s prestigious startup competition hosted by Finnish Business Angels Network (FiBAN), where it outshone over 180 competitors. Orijin plans to leverage the funding to enhance its technology, expand its global footprint, and empower smallholder farmers and agribusinesses with sustainable solutions, paving the way for a greener and more equitable agricultural future. https://lnkd.in/dS77hEJa #nordicmade #finland #funding #foodtech #startups #cocoa #sustainability #trending

Finland’s Nordic Bioproducts Group forms Southern European partnerships to expand MCC supply Nordic Bioproducts Group Ltd (NBG), a Finnish manufacturer of Microcrystalline Cellulose (MCC), has partnered with Comercial Química Massó in Spain and Portugal and secured a distributor in Italy to strengthen MCC supply for the beauty and personal care industries. These partnerships aim to support manufacturers in meeting evolving EU regulations on harmful ingredients and product traceability. MCC, a renewable material derived from wood, offers a sustainable alternative to commonly used but environmentally harmful substances like talc and titanium dioxide. The collaboration also seeks to address the demand for safer formulations while ensuring a reliable supply chain within Europe. https://lnkd.in/dVdjjpDt #nordicmade #finland #community #partnerships #startups #deeptech #lifesciences #cleantech #climatetech #biotech #trending

$5.4M seed boost for Norwegian-American startup, pioneering no-code programming for industrial robots T-robotics, based in San Francisco and Trondheim, has secured $5.4 million in Seed funding co-led by Emergent Ventures and Engine Ventures, with additional participation from Berkeley SkyDeck and Raisewell Ventures. The company develops ActGPT, a robot-agnostic software that uses natural language and pre-trained AI models to simplify programming and enhance the adaptability of industrial robots. The funding will support its expansion in the U.S. and Europe and further collaboration with ABB, following its recognition as a winner of the ABB AI Startup Challenge. T-robotics plans to use its technology to address the underutilization of industrial robots by improving their ability to perform complex tasks across varied manufacturing environments. https://lnkd.in/dGRW2HzW #nordicmade #norway #funding #robotics #artificialinteligence #startups #trending

Norwegian fintech startup is acquired by Sokin to strengthen European payments presence Norwegian fintech Settle has been acquired by UK-based payments firm Sokin in a strategic move to enhance technological capabilities and expand market presence. Founded in 2010, Settle revolutionized mobile payments in the Nordics with the launch of the first mobile payment platform in Norway, mCASH. Settle’s platform enables consumers and businesses across Europe to send and receive money instantly, simplifying payment processes for millions. By integrating Settle’s cutting-edge mobile payment solution, Sokin gains access to a European EMI license, expanding its operations and positioning itself for rapid growth. https://lnkd.in/dXqKFV2t #nordicmade #norway #acquisitions #startups #fintech #trending

Swedish fintech startup closes €22 million funding round to accelerate growth in embedded finance Stockholm-based fintech company Mynt has raised €22 million in a Series B funding round, bringing its total funding to over €50 million. The round was led by Vor Capital, with participation from existing investors CNI and Incore. Mynt provides corporate credit cards and spend management solutions tailored to SMEs, with a focus on integrating its services with accounting systems. The company plans to use the funds to expand its platform across the UK and Europe, where demand for spend management solutions is growing. Mynt’s technology offers AI-driven tools for expense management and flexible spending, and its Mynt Platform is designed to integrate with banks, ERPs, and fleet companies. The funding will help Mynt scale its services, particularly in the embedded finance sector, and support its ongoing growth in the Nordic region. https://lnkd.in/dVaQVTd3 #nordicmade #sweden #funding #fintech #startups #trending

Lithuania’s HeavyFinance partners with Multitude Bank to fund regenerative agriculture practices HeavyFinance, a climate tech company dedicated to advancing sustainable agriculture, has secured €14 million in funding through a partnership with Multitude Bank. The investment, supported by a €10.5 million portfolio guarantee from the European Investment Fund (EIF), will enable HeavyFinance to provide loans to small- and medium-sized farms across the EU, helping them adopt regenerative farming practices. Known for its innovative approach to financing, HeavyFinance combines debt capital with CO2 monitoring and agronomic support to tackle climate change, already addressing over 900,000 tonnes of CO2 emissions. This funding will accelerate HeavyFinance’s mission to remove one gigaton of CO2 by 2050 while expanding its customer base and geographic footprint. The partnership highlights HeavyFinance’s pivotal role in transforming agriculture and empowering farmers to lead the fight against climate change. https://lnkd.in/dj3dXktj #balticmade #lithuania #startups #fintech #agritech #cleantech #greentech #sustainability #startups #trending

Maria 01 startups surpass €1 billion in funding amid Finland’s startup surge Maria 01, the Nordics’ largest startup hub, has announced a milestone achievement. Its member and alumni startups have collectively raised over €1 billion in funding since 2016, reflecting the hub’s growing role in Finland’s innovation landscape. The funding milestone underscores Maria 01’s position as a key driver in early-stage venture capital investments, with member and alumni companies accounting for nearly 40% of such funding annually in Finland. Amid economic challenges, the hub continues to attract a record number of membership applications, particularly from startups in health tech, gaming, and AI, highlighting the resilience and adaptability of Finland’s startup ecosystem. https://lnkd.in/dXx47ggq Sarita Runeberg Helsingin kaupunki – Helsingfors stad – City of Helsinki #nordicmade #finland #community #startups #startuphub #trending