Congrats to Swedish startup Billogram who have received a new capital investment of €15 million from Swisscom Ventures. Among the first in Sweden to digitalise paper invoices efficiently, they use tech to help companies improve customer relations through enhanced and automated payment and invoicing services. This fresh funding injection will help Billogram expand across Europe.
Finnish cleantech startup Tracegrow has brought its total fundraising to €2.5 million since last summer after receiving a new investment injection from Nordic FoodTech VC. The company has developed a method of producing organic certified fertilisers that reduce carbon emissions and enhance crop productivity compared to traditional methods, from used alkaline batteries.
👏 Champagne corks are popping (amid plenty of hard work) at E-commerce startup Medusa, who have secured some €7.98 million in Seed funding. Founded in 2021, Medusa take a developer-first approach to e-commerce platforms by making web shops more tailored to each individual business and target audience.
It was all go in Norway this week at the annual Oslo Innovation Week, with events and workshops all across the city. We of course were there and enjoyed meeting all at the International Networking Reception, “How do we Accelerate Adoption of Technology for our Future Cities?” under the banner “Scaling for Global Success” hosted by the British Embassy, led by Ane Birkeland.
Thank you to Startup Norway for hosting the “Female Investors Breakfast” yesterday. We really enjoyed it and to our amazing TNA Norway Ambassador Marit Wetterhus, Founder/CEO of Capassa for all her hard work for us
NEWS FROM…THE BALTICS
With travel very much back on the agenda, we are seeing a glut of new deals in that space. Eddy Travels, a Lithuania-based AI travel assistant, has been acquired by New York-based ancillary travel product marketplace, TripAdd in a deal said to be worth several millions of Euros. Powered by machine learning and AI, Eddy Travels is a fully automatic chatbot designed for websites, mobile apps, blogs, and social messaging applications.
START-UP OF THE MONTH
Estonian Healthtech startup Antegenes is leading the way in cancer prevention with its genetic tests that will help detect cancers earlier and hence lead to a better treatment rate. Founded in 2018, and based in Tartu, Antegenes’ tests assess patients’ personal risks of getting breast cancer, prostate cancer, colon cancer and skin melanoma, and include recommendations for further personalised cancer prevention. The company has recently raised €1.6 million from investors in a Seed round.
Want to take your business global? Come meet the leaders from our Global Tech Advocates family from across 27 global tech hub at this year’s global summit 7-11 November in Bangalore, hosted by Tech India Advocates. We’ll be there of course to represent the Nordics and Baltics and connect with and open up new opportunities for you all with tech leaders from around the world across the global Tech Advocates footprint.
For more information on how to join the Global Tech Advocates Summit, drop us a line HERE
Heading to Slush? We have 2 events this year
16 November 2022, 9.30-16.00 EEST. Pre-Slush MASTERCLASS: How to raise finance and build networks in the U.S
Interested in raising finance and how to build diverse networks in the U.S? Come join this high-profile event, co-funded by the U.S Government through the U.S: Embassy in Finland, to learn more, meet great US investors, experts, tech companies who have expanded to the U.S: and many others from the U.S. who will help you access, build diverse networks and raise finance in the U.S.
More details, Programme and venue info and how to join HERE
18 November 2022, 12.30-14.30 EEST: “Helsinki Female Tech Founder Frontrunners”
Are you a woman with a business idea in the digital/technology sector? An aspiring entrepreneur who could do with a little help from a friend to get your business launched or help to grow your early stage digital/technology sector startup? Or a mentor, investor, expert or potential programme partner who would love to learn how “Helsinki Female Tech Founder Frontrunners” – as part of Europe’s only international female tech founder growth programme – is helping to create new and grow early stage tech businesses in Finland, led by women? Come join our Slush side event, co-hosted by our Programme partner Helsinki Partners to learn more.
More details, Programme and venue info and how to join HERE
23 November, 14.30-17.30 + networking drinks, Digital Hub Denmark: Startups Are A Catalyst For Sustainable Growth. How Do We Get Everyone Involved?
On November 23 at Digital Hub Copenhagen, we’re teaming up with our Partner Netcompany for a great event convening the ecosystem to discuss the increasingly important role startups play in delivering sustainable growth and innovation and how important it is that we get everyone involved.
Check out the “Tech Startups are a Catalyst for Sustainable Growth – How do We Get Everyone involved? “ programme and join the event here.
OFFERS FROM OUR PARTNERS TO SUPPORT YOUR GROWTH
Remember we announced our new partnership with Hubspot for Startups last month?
We promised that great offers would come your way as a result. So here it is: Hubspot for Startups offer TNA startup members a whopping 30% discount instantly to enable you to unlock Hubspot for Startups suite of tools to help you rapidly expand your business with a simple, user-friendly, and cost-effective suite of tools and resources.What are you waiting for? Join us now, to take advantage of this great offer HERE
Times are busy as ever at our legal partner Magnusson Sweden who have been involved in a raft of deals in the technology sector. One saw the company advising on the Spotlight Stock Market in connection with the listing of railway Metrics and Dynamics, another on International M&A transactions and one on the acquisition of EDIGard. Meanwhile, Magnusson were involved in two online events on FDIs in September – one run by the Department for International Trade and the British Chamber of Commerce in Denmark (details here). The other was a webinar arranged by Aktive Ejere, where Nikolaj Juhl Hansen was the principal speaker. More info here
September has once again been a busy time at 4IRE, our “go to” guides for all things blockchain, who participated in the biggest Web3 event of the year, NEARCON 2022 in Lisbon. More here
Meanwhile 4IRE offers a White-Label Centralised Exchange Solution, allowing clients to significantly reduce time and cost for deployment. For more details, fill in the contact form here
NEWS FROM TECH NORDIC ADVOCATES TEAM
IN FINLAND, we’re saying hello and goodbye! We’re delighted to announce our new chairman Tommo Koivusalo. Tommo takes over from Magnusson Finland chairman Ville Salonen, who has been serving as Chairman of Tech Nordic Advocates Finland since our launch. We would like to thank Ville for his support in launching Tech Nordic Advocates and also as Chair and supporter of “Helsinki Female Tech Founder Frontrunner” – our international female tech founder growth programme.
In Denmark, we welcome Thuri Kledal to our team, as Manager of our recently launched Diversity Venture Fund. Thuri has a background in health tech as Founder/CEO of VR-Nature – a virtual reality-enabled tool to help relax anxious patients, and plenty of experience of pitching to investors and clients and securing deals. A very warm welcome to Thuri, who has already hit the ground running.
While on the subject of great team members, congratulations also to our very own Jeanette Carlsson CEO #TNA for being nominated Nordic Women in Tech Awards NWiTA2022 finalist in the category Women in Tech advocate of the year. It recognises an inspirational organisation or person for their accomplishments as leaders in business and visionaries of technology who have made a difference in their community and have gone out of their way to support the cause of attracting more women to the tech industry over the last 24 months. We naturally wish Jeanette all the very best in the award ceremony in Gothenburg in October.
GLOBAL TECH ADVOCATES NEWS
Launch of Tech UAE Advocates 10th October
As always there’s plenty going on in our global tech family Global Tech Advocates. On 10th October, Global Tech Advocates expands to the Middle East with the launch of Tech UAE Advocates at GITEX GLOBAL, led by Omar Hassan. In Dubai October 10? Why don’t you join us. Register here
Did you know we have our own global tech magazine? Check out GTA Connects
Check out also our Tech for Net Zero ‘Resource Hub’ via the link
If you are interested to expand from the Nordics and Baltics, into the UK, or any other 20+ places globally in our Tech London Advocates & Global Tech Advocates network, reach out to us at Tech Nordic Advocates for an intro.
FROM US…RAISING CAPITAL TO SUPPORT GROWTH?
Did you know we offer a Start-up/Investor Scouting Programme, connecting fundraising start-ups/scaleups with suitable investors from our network? If you’re a start-up/scale-up raising funds, get in touch here. If you’re an investor looking for deal flow, please email us for an introduction.
OR COULD YOU DO WITH A LITTLE HELP FROM A FRIEND?
Could a Mentor help you? Did you know that we offer a global mentoring programme matching our Advocates with mentors across the globe from our Global Tech Advocates network, spanning over 20 tech hubs globally? Join today (Solo membership or Business Membership) and get access to top quality mentors across all continents, who can help accelerate your growth.
Remember: Tech Nordic Advocates is the Nordic/Baltic arm of Global Tech Advocates (GTA) – the world’s only global tech/startup ecosystem spanning 21 global tech hubs.