Countries. Estonia

Estonian producer of sustainable carbon nanomaterials UP Catalyst closes a €4M round

Tallinn-based UP Catalyst, a company focused on sustainable carbon material production from CO2 emissions, has closed a €4 million led by Berlin-based climate tech VC fund Extantia and supported by Estonia’s state fund SmartCap, according to Techcrunch. “As raw material suppliers,

Estonian VC Superangel co-leads a €1.75M round for BeCause

Denmark-based sustainability tech startup BeCause has secured €1.75 million in a fresh seed funding round. Estonian VC firm Superangel co-led the investment together with Ugly Duckling Ventures, PhocusWire reports. “We came in as a co-lead on this fundraising because we

Siena Secondary Fund acquires a stake in Estonian energy storage company Skeleton Technologies

Siena Secondary, Tallinn-based VC fund focused on startups from the CEE & Nordics, has acquired a stake in Skeleton Technologies. The deal details were not disclosed. “As we move towards a more sustainable future, Skeleton Technologies’ cutting-edge solutions will play

Startup of the Day: Estonian cleantech Efenco

Efenco develops Cold-Plasma-Assisted Carbon Neutral Combustion technology for industrial heat production. The startup claims that its HERC technology slashes CO2 and fuel costs by at least 18% in energy-intensive industries.

Estonian gametech Sisu Group secures €14M in funding

The former founders of Coolbet have established Sisu Group, based in Tallinn. Recently, it has secured €14 million in funding. The round was led by Level Up Entertainment. “Our vision extends beyond mere financial success. Sisu Group’s aim is to create

Estonian cleantech Efenco closes €4.5M round for slashing carbon emissions

Tallinn-based Efenco, the cleantech startup that aims to accelerate the transition to low carbon technologies, has closed a total of €4.5 million, led by Ivo Remmelg for EstBAN Syndicate and grants from the EU’s European Innovation Council, it informed AIN.Capital. The funds

Estonian AI startup Fyma secures $2.1M investment from Quandri Ventures

Estonian AI startup Fyma has secured $2.1 million in an investment round led by Quandri Ventures with participation from Second Century Ventures, Startups Magazine reports. “Fyma stands at the forefront of AI automation, delivering fresh insights to global property and

Estonian biotech ÄIO receives a €30k Tech Validation award

Tallinn-based biotech startup ÄIO has received a €30,000 Tech Validation award at the EIT Food Accelerator Network event. This award will help with further product development. Earlier this year, ÄIO raised €1 million to increase the production capacity of alternative

Finnish Kvanted Ventures announces €70M Nordic Industrial Technology Fund 

Kvanted, a new Finnish early-stage venture capital firm, has announced to AIN.Capital the launch of its first fund of €70 million for industrial startups. Among its first investments are Estonian startup Fractory, and Resoniks, a Dutch-Finnish company. “There has been