Sweden’s node.vc closes €71M fund for early-stage Nordic startups

Oct16
by on October 16, 2024 at 7:00 am
Posted In: Uncategorized


Stockholm-based node.vc has closed a €71mn fund to back early-stage startups in the Nordics. “The Nordic tech ecosystem is thriving, especially in areas like AI, gaming, fintech, and climate tech,” John Elvesjö, managing partner at node.vc, told TNW. “We’re seeing experienced talent, particularly from companies like Klarna, Spotify, Voi, Kry, and Pleo, stepping up to become founders,” Elvesjö said. The devaluation of employee stock options and increasing layoffs have sparked “fresh entrepreneurial energy,” he added. The fund is sector-agnostic. This means that any startup with “innovative technology” can apply. The size of initial investment per company will be around €1-2mn,…

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The tech startups shaking up construction in Europe

Oct15
by on October 15, 2024 at 3:25 pm
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From the outside, it looks like a clean, modern social housing block. You can tell it’s new — there are 84 shiny solar panels on the roof and the fresh paint has barely dried on the walls. But it’s how this 56-dwelling building in Barcelona, complete with ground floor nursery, was designed and built that really matters.  “Our software is our superpower,” says Lucas Carné, co-founder of 011h, a construction tech firm, as he describes how his company has designed digital tools to help architects plan buildings like this one. “We use a lot of prefab,” he adds. “That reduces…

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German startup OroraTech raises €25M to scale wildfire early warning system

Oct15
by on October 15, 2024 at 12:01 am
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Munich-based startup OroraTech has secured €25mn in funding to scale up its AI-powered wildfire detection system.  Korys, the investment arm of the Colruyt’s — a Belgian noble family — led the funding round. The EU’s Circular Bioeconomy Fund (ECBF) also chipped in, alongside existing investor Bayern Kapital.  OroraTech will use the fresh funding to fuel the next phase of its growth. The company looks to expand into global markets beyond Europe, and keep refining its technology. OroraTech’s so-called Wildfire Solution collates imagery from its own probes, as well as over 20 other Earth observation satellites. The startup has trained an…

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Ex-Darktrace boss Poppy Gustafsson named UK investment minister

Oct11
by on October 11, 2024 at 2:59 pm
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Poppy Gustafsson, the co-founder and former CEO of UK cybersecurity darling Darktrace, has been named Britain’s new minister of investment as the new Labour government looks to win favour with big business. Gustafsson will head up the revamped Office for Investment as part of a wider “Whitehall shake-up” designed to bring more money to British shores, the government said. The appointment no doubt comes as a relief for Prime Minister Keir Starmer, who struggled for months to fill the role. It also comes just days before the government’s international business summit on Monday, where Starmer will look to pitch the…

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EU backs Dutch scaleup Lumicks to fast-track discovery of cancer treatments

Oct11
by on October 11, 2024 at 11:36 am
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Amsterdam-based scaleup Lumicks has secured €20mn from the European Investment Bank (EIB) to accelerate the discovery of immunotherapy drugs for cancer.  The venture debt funding will help Lumicks further develop and market its cell avidity analyser, a machine with the potential to transform the way researchers study and develop treatments for Europe’s second most deadly disease.  Lumicks’ tech allows scientists to gather real-time data on the bonds between immune cells and cancer cells. Unlike traditional methods, which rely on indirect biomarkers, the analyser precisely measures the actual strength and duration of those interactions directly and in real time. This is…

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