Countries

Finnish automotive AR company Basemark raises a €22M investment

Basemark, a Helsinki-based provider of automotive AR software for cars, has raised €22 million in Series B funding. The round was led by ETF Partners with participation from Tesi, Constructor Capital, Business Finland, the European Innovation Council and private investors. About Basemark Investment details

Estonian cleantech Elcogen closes an over €140M investment round

Elcogen, a Tallinn-based clean energy technology company, has announced the closure of its €140 million investment round that will accelerate its expansion. The round includes more than €24 million in equity investments from Hydrogen One Capital Growth plc, HD Hyundai,

Clutch announces Top 100 Fastest-Growing Companies for 2024. 26 are from CEE

For the fourth year in a row, an American research company Clutch has published a rating of Top 100 fastest-growing companies on its platform. These companies showed the highest revenue growth rates from 2022 to 2023. This year’s list included

Swedish startup Ironic Biotech raises €1M led by Finland’s Nordic Foodtech VC

Swedish biotech startup Ironic Biotech has closed a pre-seed funding round of €1M, led by Nordic Foodtech VC. The company will use the funds to develop new ways to help 2 billion people suffering from iron deficiency and anemia. New ingredients

Finnish startup Polar Night Energy closes €7.6M in seed funding

Polar Night Energy, a Tampere-based renewable energy startup, has successfully secured €7.6 million in a seed funding round led by a private investor Jonathan Oppenheimer, and co-led by Stephen Industries, Holdix, and Turret. The funds will be used for growth

“No drone can fly that long.” AEROBAVOVNA aerostats and their manufacturing

Ukrainian defenders are using aerostats more and more actively at the battlefront. They are being used, in particular, to support the connection for drones and can stay in the sky for several days. AEROBAVOVNA manufactures such flying devices in Kyiv.

Estonian business intelligence platform Supersimple receives $2.2M in funding

Supersimple, a Tallinn-based business intelligence platform built for B2B SaaS companies, has received $2.2 million in funding from Tera Ventures, Specialist VC, Tiny VC, and several business angels. The funds will be put toward expanding the client base and improving

Ukrainian car sharing Getmancar enters the market of Moldova

Ukrainian car sharing service Getmancar has announced the launch of its services in Moldova. As the company told AIN, since April 2024, Moldovan users will be able to rent the Getmancar electric vehicles in Chisinau and travel throughout the country,

Estonian UX copilot Flowstep receives a €1M grant from Enterprise Estonia

Flowstep, a Tallinn-based UX copilot that helps users create better designs, has received a €1 million grant from Enterprise Estonia. The grant will help to accelerate the development of its AI and Design research efforts. Any creative process starts with

Finnish foodtech Onego Bio secures €37M in a Series A round

Onego Bio, a Helsinki-based food-biotech company, has announced its fresh €36.5 million Series A funding round. The investment was led by the Japanese-Finnish NordicNinja VC, and included equity investments from Tesi and EIT Food, as well as existing investors Agronomics,